Investor Presentaiton

For personal use only FY20 Results During FY20, GR Engineering increased revenue by 22.0% to $222.4 million. The solid underlying EBITDA contribution of $11.3 million was the result of a strong second half performance. GR Engineering recorded an underlying EBITDA contribution of $9.3 million in the second half of FY20. As reported at 31 December 2019, the FY20 financial results were negatively impacted by the impairment of a $17.6 million receivable owed by Timor Sea Oil & Gas Pty Ltd (liquidators appointed) to the Company's wholly owned subsidiary, Upstream Production Solutions Pty Ltd. Cash at bank increased significantly to $37.5 million at 30 June 2020 (31 December 2019: $20.7 million). The Total Reportable Injury Frequency Rate for FY20 was 3.77 comparing favourably to the FY19 result of 4.99. A final dividend of 4 cps (unfranked) has been declared, resulting in FY20 dividends of 6 cps (unfranked). In February 2020, GR Engineering completed the acquisition of Hanlon Engineering & Associates Inc., a multi-disciplinary engineering services firm based in Tucson, Arizona. The acquisition increases GR Engineering's footprint in the Americas. GR Reference: 2677358 6 0

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