Mlg Oz Ltd · ASX:MLG
Mlg Oz — Morgans Noosa Conference 2025
19 slides from Mlg Oz's conference presentation, Oct 21, 2025
Slide 1: Morgans Noosa Conference October 2025
MORGANS NOOSA For personal use only CONFERENCE October 2025
Slide 2: MLG has established a strategically strong market position
MLG HAS ESTABLISHED A STRATEGICALLY STRONG MARKET POSITION For personal use only ~95% Expansion Large Revenue Tier 1 Unique History of Growing modern Gold Iron Offering Growth Margins Fleet Sector Ore FULLY INTEGRATED SERVICE OFFERING Mining, Haulage, Crushing and Screening, Site Services, Civil Con
Slide 3: Providing critical infrastructure to mineral processing
PROVIDING CRITICAL INFRASTRUCTURE TO MINERAL PROCESSING Road maintenance Mine planning and design Tailings storage facility lifts Drill and blast services Rehabilitation work Ore extraction and removal Bulk earthworks Mine Mine For personal use only Contract crushing mobile plant Cli
Slide 4: Continued growth in revenue
CONTINUED GROWTH Pro Forma1 Revenue IN REVENUE $540.4m $468.6m For personal use only 32.4% $375.2m CAGR $286.8m $254.0m $199.6m $205.1m $132.7m FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 1. Pro Forma revenue offsets fuel tax credits and other income against costs of sales 4 OCTOBER 2025 MORGANS – NOOSA
Slide 5: Revenue is primarily driven from the gold sector
REVENUE IS PRIMARILY DRIVEN FROM THE GOLD SECTOR • Significant industry investment in processing capacity has exponentially increased the demand for haulage and site services • High gold price driving volume demand For personal use only • Higher barriers to entry as regulatory environment tightens •
Slide 6: Our significant footprint
For personal use only OUR SIGNIFICANT FOOTPRINT 6 OCTOBER 2025 MORGANS – NOOSA CONFERENCE
Slide 7: Overall scale and maturity of business has evolved
OVERALL SCALE AND MATURITY Over $500m in Revenue OF BUSINESS HAS EVOLVED. Over $200m in plant and equipment Servicing top tier Gold Producers For personal use only Modern technology platforms delivering comprehensive data analytics Strong cash generation Flexible debt structure (fixed rate equipment
Slide 8: Financial Performance
For personal use only FINANCIAL PERFORMANCE 8 OCTOBER 2025 MORGANS – NOOSA CONFERENCE
Slide 9: Sustained growth in revenue and margin
REVENUE $540.4m FY2025 - SUSTAINED GROWTH ($474.8m FY24) 13.8% IN REVENUE AND MARGIN. EBITDA $66.1m FY2025 EBITDA ($55.3m FY24) 19.5% EBIT For personal use only $23.4m $36.8m ($20.1m FY24) 15.9% 13.5% Margin %1 $66.1m NPAT $12.1m $29.3m ($11.0m FY24) 10.0% Margin %1 10.9% NTA/SHARE H1 FY25 H2 FY25 F
Slide 10: Reduction in gearing has strengthened balance sheet
REDUCTION IN GEARING HAS STRENGTHENED BALANCE SHEET $75.0m 2.50 • $145.2m Net Assets • $57.8m Net Debt 2.00 $60.0m 0.88x For personal use only Gearing Ratio 1.50 $45.0m • Higher Net debt in H1 reflects investment made in 1.00 anticipation of growth • Gearing ratio continues to $30.0m trend down 0.50
Slide 11: Outlook
For personal use only OUTLOOK 11 OCTOBER 2025 MORGANS – NOOSA CONFERENCE
Slide 12: Opportunities for profit share - overview
OPPORTUNITIES FOR PROFIT SHARE - OVERVIEW Market • Project delivery demand – MLG Project Funding (Working Capital) + − Costs funded by MLG multiple Metals Project Management − Aligns client and MLG to opportunities overall project outcomes − MLG has greater control Exposure to over execution ris
Slide 13: Undeveloped JORC compliant resources surrounding Kalgoorlie
UNDEVELOPED JORC COMPLIANT RESOURCES For personal use only 100km RADIUS SURROUNDING KALGOORLIE
Slide 14: Outlook remains strong with continued expectation of high customer demand
OUTLOOK REMAINS STRONG WITH CONTINUED EXPECTATION OF HIGH LEVELS OF CUSTOMER DEMAND • Strong market momentum underpinned by recent contract wins with Rio Tinto, Fortescue and New Murchison Gold,. • Our focus is on the long-term sustainability of our profit margins and we For personal use only contin
Slide 15: Thank you
HEAD OFFICE A 10 Yindi Way Kalgoorlie, Western Australia P (08) 9021 1011 CORPORATE OFFICE A Level 6, 905 Hay Street, Perth, Western Australia P (08) 9022 7746 EMAIL For personal use only [email protected] WEBSITE mlgoz.com.au THANK ABN & ASX ABN 53 102 642 366 ASX MLG YOU 15
Slide 16: Our timeline
OUR OUR TIMELINE TIMELINE Construction and Build, own, operate commissioning of fixed First sand quarry First hard rock quarry First contract-crushing fixed plant crusher at plant at Fortescue MLG founded by operation – 8 Mile established Tarmoola contract awarded to Fortescue Christmas Construction
Slide 17: Meet the team
MEET THE TEAM BOARD OF DIRECTORS EXECUTIVE LEADERSHIP TEAM ANNA NEULING MURRAY LEAHY MARK HATFIELD PHIL MIRAMS For personal use only Non-Executive Managing Chief Chief Financial Chair Director Operations Officer Officer GARRET DIXON SIMON PRICE TOM GREGORCZYK Non-Executive Non-Executive Chief Direct
Slide 18: Modern owned fleet supporting operational performance
MODERN OWNED FLEET SUPPORTING OPERATIONAL PERFORMANCE Average Age 5.7 Years 167 13 $1.9m $100.5m Prime Movers 687 WDV Graders WDV Trailers/Dollys Average Age 7.0 Years 24 $5.6m 3 $2.0m For personal use only Excavators WDV Dozers WDV Average Age 5.0 Years Average Age 8.6 Years 111 $42.2m 11 $5.8m Loa
Slide 19: Historic financial performance - pro forma
HISTORIC FINANCIAL PERFORMANCE – PRO FORMA1 Pro Forma Pro Forma Pro Forma Statutory Statutory Statutory $000’s Notes FY25 FY25H2 FY25H1 FY24 FY24H2 FY24H1 FY23 FY23H2 FY23H1 Revenue Mine Site Services and Bulk Haulage 1 494,886 248,216 246,670 412,911 226,984 185,927 329,943 179,386 150,557 Crushing