#1CIVMEC Engineering Success Investor Presentation Business update Q1 FY24 October 2023 Q1FY24#2Who We Are CIMEC CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC CIMEC CIMEC Civmec is a multidisciplinary heavy engineering and construction company, providing a broad suite of high-quality, integrated services to the Energy, Resources, Infrastructure, Marine and Defence sectors. CONSTRUCTION » Site Earth Works. >> Structural Concrete Works. » Structural, Mechanical and Piping (SMP). » Electrical, Instrumentation and Control (EIC). MANUFACTURING » Shipbuilding. » Modularisation. >> Heavy Engineering. >> Precast and Prestressed Concrete. MAINTENANCE AND CAPITAL WORKS >> Refractory. » Rope Access. >> Industrial Insulation. >> SMPE&I Maintenance. PAGE 2#3Operating Sectors ENERGY RESOURCES INFRASTRUCTURE, MARINE & DEFENCE CIMMEC INVESTOR PRESENTATION Q1 FY24 U CIVMEC#4Proposed change of domicile to Australia CIVMEC • . • • As announced on 27 October 2023, an implementation deed has been signed for the proposed change of domicile of the Head Company of the Group from a Singapore domiciled company to an Australian domiciled company. The change will be done by way of a Scheme of Arrangement in accordance with Section 210 of the Companies Act 1967 of Singapore. The scheme contemplates the existing listing of the Company on the SGX and ASX will be transferred to the NewCo. The proposed change of domicile remains subject to regulatory and court approvals, as well as approval by the shareholders at an extraordinary general meeting of the shareholders. • The Company anticipates that the proposed transactions can be completed by June 2024. RATIONALE . All of the Group's operations and employees are in Australia. . Australian corporations and government departments are increasingly introducing "local content” assessment criteria on capital and operating expenditure. The Australian Government's 2023 Defence Strategic Review affirmed Australia's need to take greater responsibility for its security and acknowledged the need to develop its sovereign defence industrial capability, placing greater importance on being an Australian company. CIVMEC INVESTOR PRESENTATION Q1 FY24 PAGE 4#5Our Locations and Facilities CIVMEC CIME CIVMEC FACILITIES CIVMEC INVESTOR PRESENTATION Q1 FY24#6Our Locations Port Hedland Henderson CIVMEC INVESTOR PRESENTATION Q1 FY24 WA NT QLD Gladstone SA NSW Newcastle VIC TAS CIMEC CIVMEC PAGE 6#7West Coast Facilities Assembly Hall Fabrication Hall Blast & Paint 2 CHMEC Blast & Paint 1 Receivables Exotic Metals CIVMEC Pipe Cutting & Bevelling Gate House Site Support Logistics Gate House 2 • Multi-level Carpark CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC Main Office Our west coast fabrication and shipbuilding facility in Henderson, Western Australia, is the largest heavy engineering facility of its kind in Australia. OVERVIEW Situated just 30 kilometres south of Perth, the facility is strategically located on 200,000m² of land with direct waterfront access in the Australian Marine Complex (AMC) precinct. The AMC also provides access to a further 440,000m² of Common User Facility (CUF) land. With more that 100,000m² of undercover area the facility includes: . • 53,000m² (usable floor area) Assembly Hall. 29,300m² Fabrication Hall. Two surface treatment (blast & paint) facilities, including one specifically capable of housing large material handling equipment and integrated modules. Two exotic metal facilities. Site support logistics workshop. Multi-storey main office building. PAGE 7#8East Coast Facilities Precast/Prestressed Concrete Facility Module Surface Treatment Facility Heavy Engineering Workshop CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC Our east coast facility is strategically located on 227,000m² of land, just 14 kilometres from the Port of Newcastle in New South Wales. OVERVIEW With direct access to the Hunter River, the site offers 535m of prime river frontage, with two ship basins. The facility includes: • 15,000m² heavy engineering workshop. • Offices 7,500m² precast/prestressed concrete facility. Surface treatment facility. Offices. Serviced by 24 overhead cranes, the facility has a single-lift capacity of 92 tonnes. The facility is capable of producing a throughput of 35,000 tonnes of steel per annum and can accommodate modules up to 22m wide and 136m in length. PAGE 8#9Gladstone Facility (10) CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC CIVMEC Set on around 3,000m² of land, our Gladstone facility is well positioned for our east coast shutdown and maintenance teams. The Port of Gladstone is the fifth largest multi-commodity port in Australia. OVERVIEW • Our Gladstone facility is well-positioned for east coast shutdown and maintenance teams with a large workshop, laydown area, office, and extensive equipment on site. • Close proximity to Energy and Resources clients in north east Australia for rapid mobilisation. The facility includes a 1,000m² workshop with overhead crane, 1,500m² laydown area, and office space. Supports major and minor works across Queensland, including fabrication, pipe fitting, coded welding, mechanical repairs, scaffolding, insulation, surface treatment, and refractory. PAGE 9#10Port Hedland Facility CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC The new Port Hedland facility is located on 50,000m² of land in the Wedgefield industrial area of Port Hedland. OVERVIEW • • • Construction is underway in Wedgefield for a 5,000m² workshop and office development. Services will include: structural repairs/ modifications and fabrication solutions, rotable services and specialised fabrication (heavy structural welding). The office facility will allow for technical, logistical, and administrative support for project and maintenance operations in the Port Hedland area. This new facility will provide cost and efficiency benefits for Energy and Resources clients in northwest Western Australia, whilst working in synergy with our Henderson headquarters. PAGE 10#11Financial Highlights CIVMEC WLL-3000 k WII 1000 kd WLL-2000 kg. FINANCIALS CIVMEC INVESTOR PRESENTATION Q1 FY24#12Highlights CIVMEC Revenue of A$245.1 million, an increase of 7.3% from Q1 FY23. Q1 EBITDA of A$28.9 million, representing a 9.1% increase from Q1 FY23. Q1 NPAT of A$15.2 million representing a 7.3% increase from Q1 FY23. Q1 Earnings per share of 3.01 cents, up from 2.82 cents in FY23. 30 September 2023 order book of over A$1.1 billion, an increase of 17.9% from 30 September 2022. CIVMEC INVESTOR PRESENTATION Q1 FY24 PAGE 12#13Performance Metrics CIVMEC A$ million Revenue Q1 FY24 Q1 FY23 $245.1 $228.3 Change 7.3% EBITDA $28.9 $26.5 9.1% NPAT $15.2 $14.2 7.3% Net Cash (Borrowings) $42.9 ($38.3) Cash Generated from Operations $40.1 $8.2 387.1% Net Asset Value per Share 86.0c Australian 76.3c Australian 12.7% Earnings per Share 3.01c Australian 2.82c Australian 6.7% Order Book $1,102 $935 17.9% CIVMEC INVESTOR PRESENTATION Q1 FY24 PAGE 13#14Projects Update CIVMEC PROJECTS CIVMEC INVENTOR PRESENTATION Q1 FY24.#15Key Projects OME CIVMEC INVESTOR PRESENTATION Q1 FY24 Port Hedland D27 NT 14 20 5610 16 28 22 14 QLD 23 24 25 Gladstone 26 WA SA 18 34 30 23 24 NSW 31.11 19 15 Perth 32 A 12 13 11 B 9 29 Newcastle 4 8 33 VIC LOCATIONS A Perth B Newcastle TAS C Gladstone Port Hedland CIVMEC CIVMEC PAGE 15#16Key Projects Key Civmec projects completed or in delivery during FY23-Q1 FY24 Energy Resources Infrastructure, Marine and Defence CLIENT/OWNER PROJECT 1 Baker Hughes for Beach Otway Offshore Phase 5 Project - subsea structures LOCATION Henderson, WA 17 Iron Bridge JV (IBJV) 18 Karara Mining Energy 19 Newmont 2 Baker Hughes for Chevron Australia Jansz-lo Compression Project Subsea Compression Manifold Henderson, WA Station (J-IC SCMS) - subsea structures 20 Onslow Salt 3 Santos John Brookes Repair Project - spool replacement Henderson, WA 21 Queensland Alumina Limited 4 Subsea7 executed by Scarborough Project - subsea structures Henderson, WA (QAL) Subsea Integration 22 Rio Tinto Alliance 5 Woodside Energy Five-year non-binding outline agreement, with two one-year extension options Karratha, WA 23 Rio Tinto 6 Yara Pilbara Nitrates 7 Albemarle 8 Alcoa Australia 9 BHP 10 BHP Nitrates facility - shutdown works Kemerton Lithium Expansion Project Calciner maintenance, major overhaul and repair services to Alcoa mines 11 BHP Mitsubishi Alliance 12 Covalent Lithium 13 Schlam and Austin Engineering 14 Glencore Nelson Point Car Dumper 3 (CD3) Replacement Project Port Debottlenecking Project Stage One (PDP1) - civils and bulk earthworks Shiploader and Berth Replacement (SABR) Project - shiploader replacement Lithium Refinery Project - construction and maintenance Dumper tray bodies Collinsville Open Cut - shutdown works Master Service Agreement - maintenance and project work 15 IGO 16 Iron Bridge JV (IBJV) Iron Bridge Magnetite Project - SMPEI Henderson, WA and Newcastle, NSW Kwinana, WA Newcastle, NSW 29 Talison Lithium 30 BHP Mitsubishi Alliance Collinsville, QLD South-east WA 31 Luerssen Australia 32 Main Roads WA Marble Bar, WA 33 Transport for NSW 34 Fitzroy Bridge Alliance Karratha, WA Kemerton, WA Pinjarra, Wagerup and Kwinana, WA Henderson, WA Pilbara, WA 24 Rio Tinto 25 Rio Tinto 26 Rio Tinto 27 Roy Hill 28 Roy Hill CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC Iron Bridge Magnetite Project - module fabrication - CV truss and trestles Maintenance agreement for Karara magnetite mine Maintenance and capital works at Boddington gold mine Capital works workshop upgrade Mechanical maintenance works to support major shutdowns Western Range Project - primary crusher, conveyors and tie-in works Mesa A SMPEI Mesa A - wet plant and fixed plant workshop Mesa A heavy vehicle refuelling facility (HVRF) Maintenance and refractory term contract for Boyne Smelters Limited (BSL) Roy Hill ROM4 Crushing Station 5 - SMPEI Maintenance agreement for shutdown and maintenance support services for fixed plant assets across the Roy Hill Port (Facility) and PSA (Mine) Site maintenance work Shiploader and Berth Replacement (SABR) Project - berth replacement SEA 1180 Offshore Patrol Vessel Program Causeway Pedestrian and Cyclist Bridges Sydney Gateway Project Bridge SB31 and Viaduct New Fitzroy River Bridge Project Henderson, WA Mid-west WA Boddington, WA Onslow, WA Gladstone, QLD Paraburdoo, WA Henderson, WA and Robe Valley, WA Henderson, WA and Robe Valley, WA Robe Valley, WA Gladstone, QLD Pilbara, WA Pilbara, WA Greenbushes, WA Henderson, WA and Newcastle, NSW Henderson, WA Perth, WA Newcastle, NSW Henderson, WA PAGE 16#17Energy Sector Scarborough Project - Subsea Structures CIVMEC INVESTOR PRESENTATION Q1 FY24 DPE SF DPE 250 CIVMEC CLIENT Subsea7, executed by Subsea Integration Alliance. LOCATION Henderson, Western Australia. DURATION April 2022 mid 2024 - OVERVIEW •Supply, fabrication, surface treatment, testing and delivery of 30 structures, including: • 13 mudmats. ⚫ 7 inline tee (ILT) structures. • 6 flowline end termination (FLET) structures. • Oriser base manifold and foundation. • 32-inch pig launcher receiver (PLR). • 6-inch PLR. PAGE 17#18Resources Sector Covalent Lithium Refinery CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC CLIENT Covalent Lithium Pty Ltd. LOCATION Kwinana, Western Australia. DURATION 2022 2024 OVERVIEW • Construction contract on new lithium refinery. Scope includes: . Structural and piping fabrication. SMP erection. Refractory lining. Insulation and E&I installation. • • In excess of 800 personnel at peak. PAGE 18#19Resources Sector Western Range CIVMEC INVESTOR PRESENTATION Q1 FY24 dtmi CIVMEC CLIENT Rio Tinto LOCATION Paraburdoo, Western Australia. DURATION 2023 mid 2025 OVERVIEW • Full vertical delivery package. Greenfields construction of new primary crushing facility and 10km+ overland conveying circuit. Brownfields tie-in to existing Coarse Ore Stockpile (COS). Planned 400+ personnel onsite +150 offsite. PAGE 19#20Infrastructure, Marine & Defence Causeway Pedestrian and Cyclist Bridges CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC CLIENT Main Roads WA (MRWA). LOCATION Perth, Western Australia. DURATION April 2022 Late 2024 OVERVIEW . Integrated alliance with Civmec, Seymour- Whyte Constructions, WSP and MRWA. Construction of 2 cable-stayed bridges and approach embankments. Scope includes: • • Architectural and engineering design. Fabrication and transportation to site of ~2,000 tonnes of complex steel structures. Earthworks and piling. • Structural erection. • Electrical installation. PAGE 20#21Infrastructure, Marine & Defence New Fitzroy River Bridge CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC CLIENT Main Roads WA (MRWA) and Fitzroy Bridge Alliance (FBA). LOCATION Kimberley region, Western Australia. DURATION May 2023 October 2023 OVERVIEW 268m long bridge over Fitzroy River. Critical piece of infrastructure in the region. Accelerated Fabrication process to deliver to compressed schedule. Complex scope including 1,200 tonnes weathering-grade steel, to a high quality. . Fast and effective turn around: client endorsed result. PAGE 21#22ESG Initiatives CIVMEC Did you 200/17 PORATE 117 All e Bounce TRCK ONE GB ESG CIVMEC INVESTOR PRESENTATION 01 FY24 All The Latest Ga PAGE 22#23ESG Initiatives Civmec Board commits to Net Zero Emissions by 2050, as part of its role in the transition to a low carbon economy. Reconciliation Australia endorsed Civmec's latest Reconciliation Action Plan as the Group continually strives towards greater appreciation of Aboriginal and Torres Strait Islander culture and increased First Nations involvement in the business. Targeted approach to indigenous employment opportunities, focus on apprenticeships and training programs. Facilities and sites participated in NAIDOC week to celebrate the history, culture and achievements of Aboriginal and Torres Strait Islander peoples. NET ZERO 2050 Civmec commits to Net Zero emissions by 2050 CIVMEC CIVMEC CIVMEC INVESTOR PRESENTATION Q1 FY24 CIVMEC Reconciliation Action Plan Reflect REFLECT CIVMEC building PAGE 23#24ESG Initiatives • Facilities and sites participated in RUOK day to reinforce the establishment of mentally healthy workplaces. · Continued focus of employee development and training with 136 apprentices, trainees and graduates employed with the Group. Female participation in the Group increased to almost 10% of the overall workforce. The Group's sustainability report for FY23 was recently released which for the first time was incorporated as part of the Annual Report. Supported the Children's Medical Research Institute by participating in the Jeans for Genes fundraiser. 03 CIVMEC ANNUAL REPORT 2023 FORD 1954 2525 SUSTAINABILITY CIVMEC INVESTOR PRESENTATION Q1 FY24 We strive to deliver sustainable growth and social value, with careful consideration of people, the environment and the economy Engineering Success Safe & STRONG Because You Matter EC CIVMEC COMEC BUBKY PAGE 24#25Growth CIVMEC CMEC GROWTH CIVMEC INVESTOR PRESENTATION Q1 FY24 PAGE 25#26Recent Awards in Maintenance CIVMEC A three year umbrella works contract with an east coast based client for maintenance works on their metallurgical coal assets. A two year extension to the maintenance contract with an existing client in the south west of Western Australia for maintenance, major overhaul and repair services. A three year services contract to provide maintenance services to Albermarle on their Lithium processing plant. A three year term agreement, including an additional two year option, with Fortescue to provide Machine Risk Management Plan inspections at Fortescue's Anderson Point site in Port Hedland, Western Australia. CIVMEC INVESTOR PRESENTATION Q1 FY24 PAGE 26#27Further Project Wins CIVMEC A contract from a new client in the Lithium sector for the supply, fabrication and surface treatment of steelwork for the crushing and sorting phase of the Pilgan P680 project with Pilbara Minerals. A contract for the manufacture of 20 steel trough girders weighing up to 165t each for the Molongolo River Bridge project in ACT (Canberra). CIVMEC INVESTOR PRESENTATION Q1 FY24 PAGE 27#28Positive Outlook CIVMEC Heightened client interactions with increased transparency on their individual work pipeline. Engineering and constructability inputs to client/designers via client orchestrated Early Contractor Involvement sessions. Significant increase in awards of long term agreements for supply of maintenance services. Port Hedland facility on schedule for utilisation opportunities in CY24, increasing client offering and ROI. Building planning approval lodged with Queensland Government for Gladstone facility development. CIVMEC INVESTOR PRESENTATION Q1 FY24 PAGE 28#29Positive Outlook CIVMEC Strong tendering activity via recently secured Client Panel status, particularly with Main Roads WA and BHP. Tendering activity buoyant across all operating sectors with very positive medium and long term outlook. Steady order book replenishment through the period. Resource availability improvements with some inflow of overseas workers and accessibility to east coast workers. Strength and stability in company leadership group. CIVMEC INVESTOR PRESENTATION Q1 FY24 PAGE 29#30Industry Outlook: Targetable Markets CIVMEC Energy FY24 to FY27 Combined forecast spend across our operating sectors: Over A$450b Resources A$B 30 25 20 15 10 5 0 IIIIII 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Resources: Over A$80 Billion FY24 to FY27 Source: BIS Oxford Economics, 2023 A$B 14 8 2000 6420 12 10 Maintenance 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Maintenance: Over A$45 Billion FY24 to FY27 Source: BIS Oxford Economics, 2023 CIVMEC INVESTOR PRESENTATION Q1 FY24 35 30 25 20 15 10 2050 A$B 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Energy: Over A$90 Billion FY24 to FY27 Source: BIS Oxford Economics, 2023 Infrastructure, Marine & Defence 70 60 50 40 30 20 10 ❁ ➢ 8 ཨཽ ¥ ྂ ྨ ཋ ° A$B 2019 2020 2021 2022 2023F 2024F 2025F 2026F 2027F Infrastructure, Marine & Defence: Over A$235 Billion FY24 to FY27 Source: BIS Oxford Economics, 2023 PAGE 30#31Share Price Movement CIVMEC Upward movement of share price over 12 months on both SGX and ASX SGX ASX 3M 6M YTD 1Y 2Y 5Y 10Y 3M 6M YTD 1Y 2Y 5Y 10Y 0.850 الله 0.994 илли 0.779 0.708 Oct Feb Jun 31/09/2022 S$0.65 CIVMEC INVESTOR PRESENTATION Q1 FY24 Oct 0.636 ли 31/09/23 S$0.80 Oct Feb Jun 31/09/2022 A$0.65 Oct 0.881 0.768 0.654 31/09/23 A$0.99 PAGE 31#32Dividend Increases CIVMEC Dividend Increases FY19 to FY23 A$(Cents) 6 Total Dividend Return to Shareholders Per Share Since Inception 16.5cents 5 4 3 2 1 0 2019 2020 2021 2022 2023F CIVMEC INVESTOR PRESENTATION Q1 FY24 Total Dividends to Shareholders Since Inception Over $80,000,000 Total Dividend Payout Ratio for FY23 = 45% PAGE 32#33Engineering Success We strive to deliver sustainable growth and social value, with careful consideration of people, the environment and the economy. CIME NTER AREA CIVMEC 100-A661857-6 C919 SUCCESS CIVMEC INVESTOR PRESENTATION Q1 FY24#34Disclaimer 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 Q1 FY24 CIVMEC 34