#1INVESTOR PRESENTATION FY2022 Half Year CIVMEC#2CIVMEC Company Overview CHMEC#3A leading construction and engineering services provider CIVMEC Resources Infrastructure, Energy Marine & Defence booo Construction Manufacturing Port Hedland, WA Maintenance and Capital Works Gladstone, QLD • Civil/Concrete • Heavy Engineering • Modularisation • Structural, Mechanical, Piping • Electrical & Instrumentation Shipbuilding Supporting Disciplines Henderson, WA (Head Office) Newcastle, NSW INVESTOR PRESENTATION CIVMEC 3#4Shareholding snapshot Capital structure as at 14 February 2022 Shares on Issue 502,435,000 (238.8m held as CDIs) Share Price Market Capitalisation *14 February 2022 A$0.63 (ASX)* CIVMEC Founding Partners 39% ■Civmec Management Staff A$316,534,050* 48% 13% Other Shareholders INVESTOR PRESENTATION CIVMEC 4#5Sustainability & our people CIVMEC Sustainability initiatives We have started making the relevant changes outlined in the Sustainability Report. • Henderson manufacturing facility is presently transitioning the fleet of fossil-fueled forklifts to electric-powered forklifts where there is a suitable alternative available. Our people Staff development across the Group is ongoing. There are currently about 120 people seeking professional qualifications via apprenticeship, traineeship and undergraduate programs. • Another 16 recently qualified engineers, health and safety workers as well as commercial staff have also gained valuable experience through Civmec's internal graduate program. Gender Diversity As at 31 December 2021, the proportion of females in the Group's corporate office totalled 48% and over 9% across its entire workforce, setting a new high in the history of Civmec for diversity growth. INVESTOR PRESENTATION CIVMEC 5#6CIVMEC Financial Overview HY22 cdeace Fee CIMEC CIVMEC#7Financial highlights CIVMEC A$ million Revenue H1 FY22 H1 FY21 Change% H2 FY21 Change% $389.4 $305.7 27.4 $368.5 5.7 CIVMEC Gross Profit $42.2 $34.5 22.3 $40.5 4.3 EBITDA $43.3 $34.3 26.1 $39.5 9.6 EBITDA % 11.1% 11.2% -0.1pp 10.7% 0.4pp NPAT $22.6 $15.0 50.4 $19.6 15.2 NPAT % 5.8% 4.9% 0.9pp 5.3% 0.5pp Net assets $310.4 $274.4 13.1 $292.1 6.3 MEC Net asset value 61.8c 54.7c 12.9 58.3c 6.0 per share Earnings per share 4.50c 3.00c 50.0 3.91c 15.0 Order Book - A$1.15 billion ✓ PP&E - A$411.2 million ✓ Interim dividend declared 1 cent (AUD) Unaudited pp percentage point Dividend per share 1c 1c 0 1c 0 INVESTOR PRESENTATION CIVMEC 7#8Financial performance A$M 400 300 200 100 A$M 25 20 20 15 10 5 ☐ 0 H1FY21 H2FY21 H1FY22 H2FY19 H1FY20 H2FY20 0 H2FY19 H1FY20 H2FY20 A$M Revenue 1200 900 600 300 A$M 50 50 40 40 30 20 20 10 CIVMEC H1FY21 H2FY21 H1FY22 NPAT H1FY21 H2FY21 H1FY22 EBITDA 0 0 H2FY19 H1FY20 H2FY20 H1FY21 H2FY21 H1FY22 H2FY19 H1FY20 H2FY20 OrderBook INVESTOR PRESENTATION CIVMEC 8#9CIVMEC Operational Overview & Outlook#10Key contracts currently in delivery ENERGY Gorgon SubSea Woodside 5 year term contract RESOURCES Rio Tinto - Boyne Island Smelters Roy Hill - WHIMS Expansion BHP Port DeBottlenecking Hay Point Shiploader Roy Hill DeBottlenecking Project Iron Bridge Magnetite Project Mesa A Iron Ore Project Albemarle Lithium Project Alcoa Maintenance Queensland Alumina Maintenance Dumper Tray Bodies Covalent Lithium Refinery INFRASTRUCTURE, MARINE & DEFENCE Offshore Patrol Vessels Hay Point Wharf Various Transport for NSW Projects NT QLD WA SA NSW VIC TAS CIVMEC INVESTOR PRESENTATION CIVMEC 10#11Covid-19 update 9:27 CIVMEC 4G civmec-close-contact-test.azurewebsites.net-Private CIVMEC Close Contacts The main affect caused by the pandemic on the Group's operations is related to the shortage of labour availability to service projects, due to ongoing domestic and international border restrictions in Western Australia. We continue to do all that we can to ensure we respond appropriately if there is a positive case within our workplace. Recently we have rolled out an application to allow our employees and contractors operating within our facilities to effectively monitor and report any close contacts they have during work hours. Close Contact Details Please identify all close contacts you had while at a Civmec facility. Note a close contact is determined by the following ⚫any person with whom you have spent 15 minutes or more in unmasked face to face contact within a 1.5 metre space any person with whom you have spent 2 hours or more within a small room, where masks have been removed for this period If you did not have a Close Contact for the day leave fields blank and click Submit. Contact Full Name #1 John Smith Were Masks worn? No Yes Did you spend more than 15 minutes with face to face contact OR were you in a small room together for more than two hours? No Yes INVESTOR PRESENTATION CIVMEC 11#12Growing our business - Maintenance CIVMEC A$B Maintenance Opportunities 30 We see maintenance as a growth area for the business with clients regularly outsourcing maintenance services to third party providers. Maintenance market drivers include the size and growth of Australia's asset base through capital expenditure which is increasing as evidenced in our other sectors. 25 20 20 15 Civmec provides a broad range of Maintenance Services across Australia and now with two regional hubs on either side of Australia, we plan to further develop this service offering. Having manufactured and constructed assets throughout Australia, Civmec are familiar and well placed to capitalise off maintaining these assets for our existing clients. 10 וד 5 0 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Maintenance opportunities across Australia including the sectors Defence, Electricity, Gas Pipelines, Manufacturing, Mining, Ports, Rail, Telecommunications, Water and Waste Water. Source: BIS Oxford Economics INVESTOR PRESENTATION CIVMEC 12#13Strategic expansion Invested in strategically located regional hubs with residential managers located at: • West Coast - Port Hedland East Coast - Gladstone Targeting reoccurring revenue opportunities. Construction of a new 4,000m² facility at Port Hedland expected to commence in 2022. This engineering facility will be extensively complimented by laydown areas, offices and overhead gantry crane capability. Proposed Port Hedland Facility CIVMEC CIMEC CIVMEC Quarry Rd Tailings Elbow INVESTOR PRESENTATION CIVMEC 13#14CIVMEC A resources project INVESTOR PRESENTATION CIVMEC 14#15Growing our business - Resources RESOURCES INFRASTRUCTURE, MARINE & DEFENCE ENERGY CIVMEC Strong global demand has elevated commodity prices and spurred investment in the resources sector. • We expect activity to remain over the forecast horizon with several large iron ore projects under development. • We are seeing further development in the battery minerals space with financial funding approvals across a range of rare earths, vanadium and lithium projects. Nickel and copper prices remain elevated driving strong investments in both capital expansions and new projects. We expect Alumina activity to return to growth beyond FY24, supported by the expected expansions of existing refineries in WA. A$B Resources CAPEX 35 30 25 20 15 10 5 0 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Resources opportunities across Australia including Bauxite, Alumina, Aluminum, Coal, Coal Handling, Other Minerals, Other Engineering Construction Activity, Other Heavy Industry and Pipelines. Source: BIS Oxford Economics Civmec Growth Opportunity Targets: Manufacturing and commissioning of materials handling machines. • • Execution of large, complex, vertical delivery projects. INVESTOR PRESENTATION CIVMEC 15#16Perth Children's Hospital 1305 An infrastructure project CIMEC INVESTOR PRESENTATION CIVMEC 16#17Growing our business - Infrastructure, Marine & Defence RESOURCES INFRASTRUCTURE, MARINE & DEFENCE ENERGY CIVMEC A$B Infrastructure, Marine & Defence CAPEX Civmec are well placed to capitalize with National Pre-qualifications for Road and Bridge Construction and Manufacturing: Supported by publicly funded infrastructure, this sector has seen an investment boom, which is expected to ramp up over the next few years. 35 30 25 20 15 10 5 0 FY19 Road Category R2 Bridge Category B3 Construction Category CC3 (Structural Steelwork) • The marine sector has the highest growth spend forecast, with WA expected to record around 40% of the national total marine activity over the five years to FY26. These new wharfs will enable export of additional resources from Western Australia. FY20 FY21 FY22 III FY23 FY24 FY25 Infrastructure, Marine & Defence opportunities across Australia including Bridge, Harbours, Railways, Water Storage and Supply. Source: BIS Oxford Economics Civmec Growth Opportunity Targets: • Manufacturing and construction of large span steel bridges. • Upcoming Port and Marine de-bottlenecking and expansion infrastructure works. • Defence spend continues, with Civmec strategically placed to deliver shipbuilding and sustainment activity. Shipbuilding and Sustainment. INVESTOR PRESENTATION CIVMEC 17#18Continuous naval shipbuilding Australian Government commitment to invest A$183 billion by 2050, focusing on: • Building additional vessels. • Sustainment of current and new additional vessels. • Upgrading existing infrastructure. Developing a skilled workforce. • Civmec is well positioned to capitalise on this investment. Arafura Class ($4.7b) Attack Class ($89.7b)** CIVMEC Hunter Class ($45.6b)** Hunter Class Assurance ($4.9-$7.4b)* Guardian Class Pacific Patrol Boats ($513m) Cape Class Patrol ($350m) Hobart Class Upgrade ($2.9-$4.4b) Collins Class Life of Type Extension ($3.5-$6.0b)* Anzac Class Assurance ($1.4-2.0b)* Future Destroyer Design ($1.6-$2.4b) Integrated Undersea Surveillance System: un-crewed undersea systems ($2-$3b)^ Integrated Undersea Surveillance System: crewed/un-crewed surface systems ($1-$1.5b)^ Future Mine Warfare and Hydrographic Vessels ($3.3-$5b) Sea Lift and Replenishment Vessels ($4-6b) Canberra Class Assurance ($200-$400m) HMAS Choules Assurance ($150-$220m)* Replacement LHD Landing Craft ($300-$500m) Ocean Protector Replacement ($300-$500m) Future Army Watercraft ($600-$800m) Pacific SPT Vessel ($180-$280m) Young Endeavour Replacement ($30-$50m) Large Army Landing Craft ($0.8-1.2b) Salvage and Repair Vessel ($300-$500m) Riverine Patrol Craft ($60-$90m) * Denotes capabilities which include future sustainment ** Denotes capability acquisition forecasts extending beyond FY2039/40 ^ Vessel component only of Integrated Undersea Surveillance System 2020 2025 2030 2035 2040 Source: Department of Defence (2020 Force Structure Plan) INVESTOR PRESENTATION CIVMEC 18#19CIMEC An energy project CIVMEC 1687 INVESTOR PRESENTATION CIVMEC 19#20Growing our business - Energy RESOURCES INFRASTRUCTURE, MARINE & DEFENCE ENERGY CIVMEC • With prices making a sharp recovery over the past year, energy activity is expected to grow substantially over the next few years, with a peak in FY24. Activity will be supported by major projects such as Gorgon Stage 2 (WA), Pluto Stage 2 (WA), Scarborough Gas Field (WA), the Surat Gas Project (QLD) and the Barossa gas field (NT). • The hydrogen industry is gaining traction in Australia, and we expect more projects to be announced over the forecast horizon. These include the Haber Project (WA), Woodside's H2 Perth in Kwinana (WA) and Port Pirie Green Hydrogen Project (SA). A$B Energy CAPEX 35 32 30 25 20 15 10 5 0 FY21 FY22 FY23 FY19 FY20 FY24 FY25 Energy opportunities across Australia including Electricity Generation, Transmission and Supply, Oil, Gas and Other Hydrocarbons. Source: BIS Oxford Economics Civmec Growth Opportunity Targets: Decommissioning Offshore Assets at Henderson. . Hydrogen and Ammonia projects. Subsea Modules. INVESTOR PRESENTATION CIVMEC 20 20#21Future outlook ✓ Sustainable growth trajectory. Continuous robust orderbook. CIVMEC ✓ Solid revenue and profit margin performance forecast. ✓ Strong pipeline of immediate and long-term opportunities. ✓ Enhanced clarity of Naval Shipbuilding and sustainment allocation to WA. Increase shareholder value. INVESTOR PRESENTATION CIVMEC 21#22Disclaimer 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. 22 INVESTOR PRESENTATION CIVMEC 22#23CIVMEC www.civmec.com.au IF IT CAN BE BUILT, CIVMEC CAN BUILD IT. Head Quarters: 16 Nautical Drive Henderson, Western Australia T: +61 8 9437 6288