Primero Contracted Order Book and Pipeline

A robust base Conservative balance sheet + Strong cash position (A$15M) with very low gearing (A$6M debt) (30 June 2020) 30 + Excellent payment terms across all major contracts with Tier 1 clients 25 + Wartsila dispute resolution offers substantial cash upside potential Initial SOPA application adjudication decision saw A$16.9M awarded to Primero This initial SOPA application covered only 25% of total outstanding monies claimed by Primero under the contract Judicial review sought by Wartsila and heard; decision (and payment) pending 20 15 10 5 0 -5 A solid balance sheet (A$M) Cash Debt (incl lease liabilities) Net cash -10 31-Dec-18 30-Jun-19 31-Dec-19 30-Jun-20 PRIMERO 17

View entire presentation