#1CIVMEC Engineering Success Investor Presentation 1H FY24 ASX:CVL SGX:P9D#2Who we are Civmec is an Australian, multidisciplinary heavy engineering and construction company, providing high-quality, integrated services to the energy, resources, infrastructure, marine and defence sectors. שום MANUFACTURING Heavy engineering Off site modular construction Bulk material handling equipment Shipbuilding CONSTRUCTION Modular construction Structural, mechanical and piping (SMP) Electrical, instrumentation and control (EIC) Structural concrete works Site earthworks MAINTENANCE AND CAPITAL WORKS SMPE&I maintenance Civil Industrial insulation • Rope access ENERGY RESOURCES . Heat resistant industrial linings CIVMEC | Engineering Success abbvie Y TDISCOVER INFRASTRUCTURE, MARINE & DEFENCE CIVMEC CMEC CEMEL CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 2#3Strategic locations A D NT QLD WA SA NSW VIC TAS CIVMEC | Engineering Success B CANEC CHMEC CIVMEC Henderson, WA (head office) Largest heavy engineering facility in Australia • 200,000m² land with extensive wharf access • Over 100,000m² of useable undercover area Throughput capacity of 80,000 tonnes steel/annum B Newcastle, NSW C D • One of the largest heavy engineering facilities on the east coast • 227,000m2 of land with direct waterfront access Throughput capacity of 25,000 tonnes steel/annum Gladstone, QLD • Located on 3,000m² land, with workshop/offices Supporting process plant maintenance and capital works Expansion plans underway for extensive new facility • Port Hedland, WA • Newly constructed 5,000m² facility on 50,000m² of land Strategically located at the world's largest iron ore export port Supporting process plant maintenance and capital works Offering range of services for resources, energy clients CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 3#41H FY24 snapshot • Solid performances across all sectors • Investment made in long- life assets positioning Civmec for growth • Continued strong performance demonstrates the power of diversified revenue strategy $ REVENUE A$492.3m 17.5% EBITDA $ S A$59.6m increase from 1H FY23 12.6% increase from 1H FY23 INTERIM DIVIDEND 69 $ 2.5c % Australian 25% increase from 1H FY23 CIVMEC Engineering Success $ NPAT 0000 A$31.9m 12.8% increase from 1H FY23 CASH GENERATED FROM OPERATIONS A$111.2m 32.2% increase from 1H FY23 WORK SECURED ~A$400m in 1H FY24 EARNINGS PER SHARE $ 6.3c Australian 12.3% increase from 1H FY23 ORDER BOOK A$1 billion + CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 4#5Strong Performance continued returns A$111m 44% 14.9c Australian 86.3c Australian CASH GENERATED FROM OPERATIONS 1H FY24 PAYOUT RATIO IN FY23 TOTAL DIVIDEND PER SHARE SINCE FY18 NET TANGIBLE ASSETS PER SHARE CIVMEC | Engineering Success Australian cents 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 DIVIDEND PER SHARE 2.0 1.5 1.0 0.5 0.0 FY19 FY20 FY21 FY22 FY23 1HFY24 Millions (AUD) Final Interim CUMULATIVE DIVIDEND PAYMENTS 80 60 70 70 60 60 50 50 40 40 30 20 20 10 0 FY18 FY19 FY20 FY21 FY22 FY23 1HFY24 CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 5#6Proven track record • Continued commitment to sustainable growth • Increased focus on maintenance and capital works sectors • Continued strong . performance in construction and manufacturing • Strategic capital expenditure has set a strong platform for operating cash flow Millions Millions Revenue 800 600 400 200 120 100 80 80 60 60 40 20 2H 1H 60 60 50 Millions 30 30 40 40 20 10 NPAT 0 0 FY19 FY20 FY21 FY22 FY23 1HFY24 FY19 FY20 FY21 FY22 FY23 1HFY24 EBITDA 2H 1H Millions 100.0 80.0 60.0 40.0 20.0 0.0 -20.0 -40.0 Net cash after borrowings 0 -60.0 FY19 FY20 FY21 FY22 FY23 1HFY24 FY19 FY20 FY21 FY22 FY23 1HFY24 CIVMEC | Engineering Success 2H 1H CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 6#7Strong Balance Sheet • Cash of $143m reflecting A$111m of cash generated from operations for the half. • Net tangible assets per share of 86.3c at 31 December 2023. • PPE includes $31.1m of right of use assets relating to long term land leases, associated lease liabilities expire in 2079 and 2089. • Investment properties comprise a Henderson property leased to a third-party tenant. • Borrowings increased to $60m (from $56.5m), to fund the construction of the Port Hedland Facility. • Deferred tax liabilities reflect differences in the accounting and tax carrying values of PPE. • Interim dividend declared of 2.5c, totaling ~ A$13m to be paid in April 2024. CIVMEC | Engineering Success 1H FY24 A$'000 FY23 A$'000 Current assets Cash 143,131 70,381 Receivables and other current assets Contract assets 35,367 110,517 129,560 100,093 Current assets Non-current assets Property, plant and equipment investment properties Intangible assets Deferred tax assets TOTAL ASSETS Current liabilities Trade and other payables Contract liabilities Lease liabilities 308,058 280,991 481,958 476,302 17,753 17,184 10 10 555 47 808,334 774,534 116,838 117,671 55,994 44,706 6,331 6,816 Borrowings Income tax payable 8,000 4,107 673 Provisions 13,998 16,175 Current Liabilities 197,268 194,041 Non-current liabilities Lease liabilities 52,268 50,519 Borrowings 60,000 48,500 Provisions 2,642 2,411 Deferred tax liabilities 58,546 58,454 TOTAL LIABILITIES 370,724 353,925 NET ASSETS 437,610 420,609 CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 7#8Sector performance FLEM-100 PORT MAN-200 PORT FLET-100 FORE CIVME DUCTED ENERGY •Revenue growth to A$20.4m. Gross profit growth of 104% compared to 1H FY23. •Subsea projects continue to provide ongoing revenue with strong indicators of a positive outlook. • Chevron, Woodside, Baker Hughes and Subsea 7 are repeat clients to partner with Civmec for various projects. Global demand for energy set to grow 47% by 2050.* *Source: US Energy Information Administration 4% of 1H FY24 Revenue RESOURCES •Revenue 1H FY24 was A$418.9m. Gross profit growth of 10% compared to 1H FY23. Successful completion of the Iron Bridge construction project and transition bulk of workforce to other major projects. •Major Projects at Western Ranges (Rio Tinto) and Covalent (Wesfarmers / SQM) combined workforce in excess of 1100. •Contract extensions and new maintenance opportunities on both the west & east coast from term agreements with new clients. 85% of 1H FY24 Revenue INFRASTRUCTURE, MARINE & DEFENCE •Revenue 1H FY24 was A$53.1m. Gross profit growth of 48.8% compared to 1H FY23. •Continued delivery of high quality blocks for the OPV program. •Delivery of east coast infrastructure projects including the manufacture, supply and site works of steel packages for the pedestrian bridge for Coffs Harbour Bypass (NSW), Molonglo River Bridge (ACT), and Sydney's Gateway project. •Causeway Pedestrian and Cyclist Bridge project is progressing well with major site works and foundations laid for the three main bridge support columns. 11% of 1H FY24 Revenue CIVMEC | Engineering Success CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 8#9Key project locations Construction, Maintenance and Capital Works Key Civmec projects completed or in delivery during 1H FY24. Energy Resources Infrastructure, Marine and Defence Refer to appendix for corresponding key project list. CIVMEC | Engineering Success 26 11 20 6 10 17 24 5 22 14.34 18 35 27 19 16 37 37 13 129 25 48 NT WA SA 28 28 15 33 29 QLD 21 23 VIC NSW 32 31 40 30 14 12 TAS 41 39 38 CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 9#10ESG activities 嘱 • Continued investment into the future of our industry, with in excess of 125 apprentices, trainees, and graduates. • Overall female representation climbed to 9.84%, showcasing our dedication to improving gender equality. In white collar roles, gender representation is equal at 50%. Actively supported St Patrick's Community Support Centre, Anglicare, Waalitj Foundation and Foodbank at Christmas time, making a meaningful impact within our community to help those in need. • Dedicated supporter of veterans' careers as a proud signatory of the Veteran Employment Commitment and associated partnerships. • Increased focus on energy transition opportunities. CIVMEC | Engineering Success ASSUME C DOAM CIME MEC CIVANEC CIMEC CMEC TRAINING FORCE TORRENS AUSTRALIA CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 10#11Outlook FY24 to FY27 combined forecast spend across our operating sectors: over A$450b A$B 30 25 20 15 10 5 0 A$B 14 12 10 8 6 4 2 Resources 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Resources: Over A$80 Billion FY24 to FY27 Source: BIS Oxford Economics, 2023 Maintenance 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Maintenance: Over A$45 Billion FY24 to FY27 Source: BIS Oxford Economics, 2023 A$B Energy 35 30 25 20 15 10 050 A$B 70 60 50 40 3210 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Energy: Over A$90 Billion FY24 to FY27 Source: BIS Oxford Economics, 2023 Infrastructure, Marine & Defence 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Infrastructure, Marine & Defence: Over A$235 Billion FY24 to FY27 Source: BIS Oxford Economics, 2023 Tendering activity continues to be strong across all sectors, with the Group focused on securing projects that will allow it to grow its workforce at a sustainable pace. Strong medium and long term demand across maintenance and resources sector. • Continued opportunities on BHP Panel agreement. • Increased maintenance opportunities due to strategic facilities and presence. • Main Roads WA panel agreement presenting increased growth in the infrastructure sector. CIVMEC | Engineering Success CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 11#12Investment highlights OPERATIONAL EXCELLENCE EXPERIENCED EXECUTIVE TEAM All with shareholding in the company. TIER 1 CONTRACTOR Proven delivery capability and established market share. CONTINUED TO BUILD ON THE COMPANIES REVENUE SECTORS Strategic focus on revenue including increase in maintenance and infrastructure accreditations particularly in the road and bridges space. 10 10 10 GROWTH OPPORTUNITIES STRONG PROJECT PIPELINE Positive outlook for Australian market. MAINTENANCE OPPORTUNITIES Growth potential to increase market share in maintenance and capital works. ENERGY TRANSITION Well positioned to support energy transition projects. FINANCIAL PERFORMANCE $ $ CONSISTENT RETURNS Strong and growing dividend. returns with improving payout ratios. CONTINUED IMPROVEMENT Continued revenue and profit improvements. MODEST PE RATIO A Price Earnings ratio of 7. GOOD DIVIDEND YIELD Yield of ~ 6% (8.5% including franking credits). CIVMEC | Engineering Success CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 12#13Disclaimer CIVMEC Engineering Success This presentation has been prepared by the management of Civmec Limited (the Company) for the benefit of brokers, analysts and investors and not as any specific advice to any particular party or person. The information is based on publicly available information, internally developed data and other sources. Where an opinion is expressed in this document, it is based on assumptions and limitations mentioned herein and is an expression of present opinions only. This presentation contains forward looking statements that are subject to risk factors associated with construction businesses. While Civmec considers the assumptions on which these statements are based to be reasonable, whether circumstances actually occur in accordance with these statements may be affected by a variety of factors. These include, but are not limited to, levels of actual demand, currency fluctuations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates. These could cause actual trends or results to differ from the forward looking statements in this presentation. References to dollars, cents or $ in this presentation are to Australian currency unless otherwise stated. References to "Civmec", "the Company", "the Group", or "the Civmec Group" may be references to Civmec Limited or its subsidiaries. Authorised for release to ASX and SGX by Pat Tallon, CEO. CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 13#14Appendix 1H FY24 key project list CLIENT/OWNER PROJECT 1 OneSubsea Julimar Development Project Phase 3 (JDP3) - fabrication 2 Baker Hughes for Chevron Australia Jansz-lo Compression Project Subsea Compression Manifold Station (J-IC SCMS) - subsea structures LOCATION Henderson, WA 22 Rio Tinto Henderson, WA 23 Rio Tinto 3 Inpex Ichthys Project – deck strengthening Henderson, WA 24 Roy Hill Subsea7 executed by Subsea 4 Integration Alliance Scarborough Project - subsea structures Henderson, WA 25 Talison Lithium Site maintenance work 5 Woodside Energy Five-year non-binding outline agreement, with two one-year extension options Karratha, WA 26 Pilbara Minerals 6 Yara Pilbara Nitrates 7 Albemarle 8 Alcoa Australia 9 BHP 10 BHP 11 BHP 12 Port Waratah Coal Services Bucket wheel and bucket wheel ring chute 13 Covalent Lithium Lithium Refinery Project – construction 14 Schlam and Austin Engineering Dumper tray bodies 15 Glencore 16 IGO 17 Iron Bridge JV (IBJV) 18 Karara Mining 19 Newmont Nitrates facility - maintenance works Kemerton Lithium Expansion Project Calciner maintenance, major overhaul and repair services to Alcoa mines Nelson Point Car Dumper 3 (CD3) Replacement Project Port Debottlenecking Project Stage One (PDP1) - civils and bulk earthworks Site Engineering Panel - three-year contract, with two-year extension option Karratha, WA 27 MARBL Lithium Maintenance and capital upgrade works Kemerton, WA Pinjarra, Wagerup and Kwinana, WA 28 Cement Australia Shutdown services 29 Coronado Curragh Maintenance works 30 Henderson, WA Graymont Australia Maintenance works 31 Newcastle Coal Maintenance works Pilbara, WA 32 Cargill Australia Maintenance works Pilbara, WA 33 QMAG Pty Ltd Maintenance works Newcastle, NSW 34 Pilbara Infrastructure Maintenance and capital upgrades Kwinana, WA 35 Luerssen Australia Newcastle, NSW 36 Main Roads WA SEA 1180 Offshore Patrol Vessel Program Causeway Pedestrian and Cyclist Bridges Glencore coal mines - CHPP repairs and maintenance Master Service Agreement – maintenance and project work Iron Bridge Magnetite Project - SMPEI Maintenance agreement for Karara magnetite mine QLD 37 Fitzroy Bridge Alliance New Fitzroy Bridge Project South-east WA 38 Transport for NSW Sydney Gateway Bridge Stage 3 Energy Resources Infrastructure, Marine and Defence Fortescue Metals 20 21 Group Queensland Alumina Limited (QAL) 2 20 33 Maintenance and capital upgrade works Mechanical maintenance works to support major shutdowns Western Range Project - primary crusher, conveyors and tie-in works Maintenance and refractory term contract for Boyne Smelters Limited (BSL) Maintenance agreement for shutdown and maintenance support services for fixed plant assets Pilgangoora lithium mine - steel fabrication. Pilbara, WA Gladstone, QLD Paraburdoo, WA Gladstone, QLD Pilbara, WA Greenbushes, WA Port Hedland, WA Kemerton, WA QLD Gladstone, QLD Galong, NSW Newcastle, NSW Newcastle, NSW Central QLD Pilbara, WA Henderson, WA Perth, WA Henderson, WA Sydney, NSW Marble Bar, WA 39 Transport for NSW Western Distributor Smart Motorway (WDSM) - gantry fabrication Mid-west, WA 40 Ferrovial Gamuda JV Coffs Harbour Bypass Pedestrian Bridge Maintenance and capital works at Boddington gold mine Boddington, WA 41 BMD Constructions Molonglo River Bridge Crossing Sydney, WA Newcastle, NSW Newcastle, NSW CIVMEC Engineering Success CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 14