#1Lycopodium Investor Presentation 1H FY2024 21 February 2024 FY NT 24#2About Lycopodium Kathleen Valley Lithium Project, Western Australia Lycopodium Metso Outotec Lycopodium is an innovative and value-driven process, engineering and project delivery organisation. Working across the Resources, Rail Infrastructure and Industrial Processes sectors, the Company is headquartered in Perth, Western Australia and is listed on the Australian Stock Exchange. 2#3Corporate Overview Rodney (Rod) Leonard Chairman Peter De Leo Managing Director Bruno Ruggiero Executive Director Karl Cicanese Executive Director Louise Bower Non-Executive Director Michael (Mick) Caratti Non-Executive Director ASX: LYL Lycopodium Steven Chadwick Non-Executive Director Justine Campbell Chief Financial Officer Share Price (as at 20.2.24) Earnings per Share Market Capitalisation Shares on Issue Half Year Dividend Shareholder Breakdown $12.21 75.4 cents ~$485 million 39.7 million 37 cents Board and Management 36% Institutions 26% Retail 38% 3#4Pending#5Global Reach Lycopodium Toronto CA Accra GH ہے Manila PH Lima PE Cape Town SA Brisbane AUS Perth AUS Newcastle AUS Melbourne AUS 5#6Current Snapshot 1,200+ staff globally Long-serving teams of high calibre people FY2024 Guidance Revenue ~$345 million NPAT ~$46 to $50 million Value of capital projects currently in delivery ~A$4 billion 35+ Resource Projects in delivery 40+ Resource Studies in delivery Lycopodium Investment in People $ Investment in Systems and Platforms 35 Investment in Geographic Diversification 6#7People First Directly employing more than 1,200 people, with contractors included, we manage over 3,700 people working on projects across the globe O Manhours controlled continuing to increase - Preventative measures focus on lead indicators FY2023 Current (rolling 12 months to January 2024) Target Hours 8.2 million¹ 14.1 million LTIFR 0.0 0.1 0.0 TRIFR 1.6 1.2 <2.5 EIFR 0.0 0.0 <1.8 Back to Basics - all incidents are preventable if risk is understood and proactively managed 1 Compared to 3.2 million manhours controlled in FY2022 2 Safe Work Australia Heavy and Civil Engineering Construction Industry Comparison Frequency Rate 2021/2022, LTIFR = 11.2 Lycopodium H Culture of continuous improvement 7#8Financial Highlights 1H FY2024#91H FY2024 Highlights Revenue $177.8 million EBITDA $43.6 million PBT $39.8 million NPAT $30.0 million Cash at Bank $69.0 million Return on Equity Séguéla Gold Project, Côte d'Ivoire P/E Ratio (as at 20.2.24) 25.5% 10.4 Lycopodium 9#101H FY2024 Revenue by Sector Sector Resources December 23 December 22 A$'000 166.7 A$'000 147.2 December 23 3% 3% 94% ⚫ Rail Infrastructure 5.8 7.1 December 22 • Industrial Processes 5.3 5.6 4% 4% 177.8 159.9 Lycopodium 92% 10#111H FY2024 Revenue by Geography December 23 December 22 Location* A$'000 A$'000 • Australia 46.1 42.0 • Africa 115.2 111.5 Americas 6.8 5.9 • Other 9.7 0.5 177.8 159.9 * By project location Lycopodium December 23 4% 5% 26% 65% December 22 4% 26% 70% 11#121H FY2024 Balance Sheet Lycopodium December 23 June 23 A$'000 A$'000 Net Tangible Asset Per Share $2.90 Current Assets 169.6 177.1 Total Assets 208.2 215.9 -$- Total Liabilities 86.6 102.9 Total Debt 2.6 0.7 Strong Balance Sheet, minimal debt Strong, stable business Equity 121.7 113.0 12#13Operational Highlights 1H FY2024#14Highlights - Resources • . Several major projects transitioning into the commissioning phase: Kathleen Valley Lithium Project (Western Australia) Sabodala-Massawa BIOX Expansion Project (Senegal) Lafigué Project (Côte d'Ivoire) Goulamina Lithium Project (Mali) Langer Heinrich Mine Restart Project (Namibia) Other significant projects well into construction: Ahafo North Project (Ghana) Chemical Grade Processing Plant #3 Project (Western Australia) Batu Hijau Expansion Project (Indonesia) Mutamba Mineral Sands Pilot Plant (Mozambique) Kiaka Gold Project (Burkina Faso) Lycopodium CGP3, Western Australia 14#15Highlights - Industrial Processes and Rail Infrastructure • • . • Completed the detailed design for CSL Seqirus' world- class influenza vaccine manufacturing facility being built in Melbourne Undertaking the detailed design for Pilbara Minerals' Midstream Project - development of a midstream demonstration plant to produce value-added lithium at the Pilgangoora Operation in Western Australia Delivery of ARTC's Southern Highlands Overtaking. Opportunities Detailed Design package has been a significant scope of work over the past 18 months, with early construction works having commenced In July 2023 Lycopodium was awarded a three-year contract to conduct rail infrastructure inspections at all 57 Pacific National sites Australia wide Lycopodium Pacific National, Australia 92 01 9201 pacificnational 92018 15#16Highlights - Company • Released inaugural Sustainability Report in November 2023 - considers performance and opportunities for continuous improvement across all aspects of our operations. (environment, social and governance) Opened office in Lima, Peru, in December 2023 - a significant milestone in the strategic growth of our business in the Americas Lycopodium "SE ENCUENTRA PROHIBIDO LIZAR COMPORTAMIENTOS FÍSICOS RBALES DE CONNOTACIÓN SEXUA JE AGRAVIE A CUALQUIER PERSO E SE ENCUENTRE Y/O TRANSITE STE ESTABLECIMIENTO COMERC Y/U OBRA EN CONSTRUCCIÓN ORDENANZA N° 501 - MSI BAJO SANCIÓN DE N Lvccgocam Lima Office, Peru 16#17Resources - Major Project Status 40+ Studies Lycopodium Engineering/early stages Onsite delivery - progressing Onsite delivery - late stages Delivered Project Client Commodity Location Project Yanqul Mazoon Mining Baomahun FG Gold Copper, Gold Gold Oman CGP3 Lumwana Barrick Lumwana Copper Sierra Leone Zambia Ahafo North Client Talison Lithium Newmont Commodity Location Lithium Western Australia Gold Ghana Reko Diq Boto Anaconda Barrick Gold Corp Copper, Gold Pakistan Kathleen Valley Sabodala-Massawa Liontown Resources Managem Gold Senegal Endeavour Mining - Sabodala Gold Ops Lithium Gold Western Australia Senegal B2Gold Gold Twin Hills Osino Resources Gold Mali Namibia Goulamina Leo Lithium Lithium Mali Lafigué Endeavour Mining - Lafigué Project Gold Côte d'Ivoire Kiaka West African Resources Gold Burkina Faso Project Batu Hijau Client Commodity PT Amman Mineral Copper, Gold Location Indonesia Project Nusa Tenggara Gruyere Pebble Circuit Upgrade Client Gruyere Commodity Location Gold Western Australia Management Langer Heinrich Upgrade Paladin Energy Uranium Namibia MSA Talison Lithium Lithium Western Australia Séguéla Fortuna Silver Mines Gold Mutamba Mineral Sands Rio Tinto Mineral Sands Mozambique Motheo Sukari Paste Plant Bomboré Sandfire Resources Centamin Copper, Silver Côte d'Ivoire Botswana Orezone Gold Gold Egypt Burkina Faso Dry Mining Unit Navachab Cobré Ball Mill 6 Grande Côte Ops QKR First Quantum Mineral Sands Gold Copper, Gold Senegal Namibia Panama 17#18Resources - Currently in Delivery Lycopodium Diamonds/ Gems Projects - 11 Studies - 5 Nickel Studies - 2 Gold Projects - 13 Studies - 13 Lithium Projects - 5 Studies - 2 Mineral Sands Projects - 1 Studies - 1 Battery Minerals Studies - 3 Copper Projects - 2 Studies - 4 Other (Rare Earths, Platinum, Silver) Studies - 5 Uranium Projects - 1 18#19Outlook and Strategy FY2024#20Outlook • • • Strong long-term demand outlook for minerals and metals relevant to the ongoing energy transition will continue to attract capital to build global supply The value of gold remains high, driven by demand and global geopolitical, and associated economic risks Australia's railway construction and maintenance activity outlook is strong, supported by a number of significant publicly funded projects Domestic manufacturing continues to present opportunities for the Industrial Processes sector, as does the ongoing development of emerging. markets in support of the energy transition, including waste and recycling, water and wastewater, and hydrogen Transformation of the global energy sector from fossil-based to zero- carbon sources represents a period of innovation and opportunity in the development of new systems that can operate on low carbon energy sources, whilst maximising waste recovery and reuse Lycopodium's expertise will remain sought after given the macro. environment and other drivers Bomboré Gold Project, Burkina Faso Lycopodium 20 20#21Strategy Geographical Reach Continued focus on achieving broader geographical reach - across Asia- Pacific and the Americas Balanced Portfolio Balanced project delivery portfolio - mix of EPCM and EPC People Continue to attract, engage, inspire and retain a high performing, global, professional workforce Lycopodium Knowledge Management Investment in systems to drive efficiency and facilitate work sharing across divisions and subsidiaries globally H LIE Innovation Investment in innovation and emerging technology - digital engineering and engagement with industry (eg FBICRC and CSIRO) Energy Transition Diversify sectoral exposure into green energy markets including energy storage and the global battery revolution [4] 21 21#22Lycopodium Thank You www.lycopodium.com Disclaimer Information, including forecast financial information, in this presentation, should not be considered as a recommendation in relation to holding, purchasing or selling shares in Lycopodium Limited. Due care and attention has been used in the preparation of forecast information, however actual results may vary from forecast and any variation may be materially positive or negative. Investors should seek their own independent professional advice.