Partnership with GO-TO and Equity Raising Presentation

FY21 pro forma historical profit & loss A$m Net revenue Underlying EBITDA¹ BWX² Go-To Pro forma 194.1 36.8 230.8 34.5 11.9 46.4 Reported NPAT 23.7 7.9 31.6 Outside equity interest (4.0) (4.0) Reported NPAT attributable to BWX shareholders 23.7 4.0 27.7 STRICTLY CONFIDENTIAL Liperik Pag Oss Frier MINERAL sukin Notes: All figures are presented post-AASB 16 impacts. Excludes synergies. 1. EBITDA excludes acquisition and restructure-related expenses and gains (primarily a $6.9m acquisition benefit recorded in FY21), one-off costs and one-off expenses resulting from the adoption of new IFRS interpretations relating to AASB 38 Intangible Assets. 2. Excludes the impact of the Flora and Fauna acquisition. 29

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