Acquisition of Trivantage Holdings Pty Ltd

Acquisition overview (continued) scee Overview of Trivantage Combined Group profile Trivantage is a specialised electrical services company with over 50 years of operational experience providing complex electrical solutions across Australia Trivantage is primarily a services oriented business characterised by a strong degree of recurring and maintenance work Operates via three specialist divisions - S.J. Electric (electrical services to commercial and retail markets), SEME Solutions (electronic security services) and Trivantage Manufacturing (switchboard design and manufacture) In FY20 Trivantage had an audited statutory revenue of $116m and profit before tax of $8.2m Trivantage is forecasting to achieve FY21 revenue of circa $130m and normalised EBIT of $10.8m Headquartered in Melbourne, Trivantage has around 400 employees/sub-contractors Australia-wide with offices in Victoria, Western Australia, Queensland, New South Wales, South Australia and Tasmania Balanced revenue streams across sectors and geographies¹: - Commercial is 45% of FY21 proforma revenue, Resources 30%, and Infrastructure 25% 45% of FY21 proforma revenues generated from NSW & ACT, 30% from WA, 15% from Queensland & NT and 10% from Victoria 68% of FY21 proforma revenues from construction and 32% is recurring, services & maintenance Significantly enhanced scale with combined order book (as at 30 June 2020) over $500m and pro-forma FY21 budgeted revenue of circa $500m¹ Transaction funding and financial impact (1) Based on FY21 proforma budgeted revenue Cash payments to the vendors of Trivantage will be funded through SCEE's existing cash reserves Following completion, SCEE will maintain a strong balance sheet Strong double digit pro-forma EPS accretion in FY21F Acquisition of Trivantage Holdings Pty Ltd 4

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