SRJ Technologies Group PLC · ASX:SRJ
SRJ Technologies — Investor Presentation (August 2025)
48 slides from SRJ Technologies's investor presentation, Aug 1, 2025
Slide 1: 2028 Growth Strategy: Evolving into a Global AIM Partner
SRJ TECHNOLOGIES GROUP PLC 20 28 Gro w t h St ra t e g y For personal use only Evolving into a Global AIM Partner EQUITY RAISE STRATEGIC VISION: Transforming from a niche mechanical integrity and inspection company into a regional and international Asset Integrity Maintenance provider. 1
Slide 2: Notice & Disclaimer
NOTICE & DISCLAIMER This document is issued on a confidential basis by SRJ Technologies Group plc (SRJ or the Company) for No reliance Forward looking statements information purposes only. It is intended only for those persons to whom it is delivered personally by or on The information contained in
Slide 3: Executive Summary
EXECUTIVE SUMMARY • SRJ delivers a range of asset integrity products, consulting services and solutions to the energy and maritime sectors, and, via its Air Control Entech (ACE) business, provides remote inspection services utilising the best-in-class robotics and unmanned aerial vehicle (UAV) techn
Slide 4: SRJ Technologies Group Leadership
SRJ Te c h n o lo g ie s Gro u p Le a d e rs h ip For personal use only Fifty-five years of experience in the energy and asset integrity sector, thirty-three of this in the Middle East and both retain GEORGE GOURLAY KURT REEVES deeply embedded relationships within the Non-Executive Chair Chief Execu
Slide 5: Company Overview
For personal use only 01 Company Overview 5
Slide 6: Overview of SRJ
OVERVIEW OF SRJ SRJ delivers a range of asset integrity products, consulting services and solutions to the energy and maritime industries. Machinery vibration Integrity management strategic troubleshooting services advice and governance Fitness-for-Service & Remaining Life Assessments For personal u
Slide 7: Overview of SRJ (continued)
OVERVIEW OF SRJ (continued) SRJ’s ACE business provides remote inspection services utilising advanced robotics and custom Unmanned Aerial Vehicle (UAV) technologies. Through the provision of advanced robotic and UAV systems, ACE facilitates safer, more consistent asset inspections by reducing the ne
Slide 8: Case Study: ACE365
CASE STUDY: ACE365 £695k (A$1.45m) contract with Oil & Gas Supermajor for inspection and emissions monitoring on North Sea Assets. Pro je c t • On 22 April 2025, ACE commenced a £695k (A$1.45m) ACE 365 campaign across multiple assets for a global Oil For personal use only & Gas Supermajor in the Nor
Slide 9: 3-Year Growth Strategy
02 For personal use only 3-Year Growth Strategy 9
Slide 10: Strategic Review: Key Findings & Actions
Strategic Review: Key Findings & Actions SRJ has been refocused on a proven strategy with the right management team. KEY FINDINGS ACTIONS For personal use only The revenue base was largely built on short-term, lower-value Re-focused attention on the Middle Eastern market and 01 01 contracts, present
Slide 11: Why the UAE?
WHY THE UAE? The Middle East dominates the global oil & gas industry via production volume and reserve capacity, while maintaining stable growth. The new leadership team also have 33 years of combined experience in the region with deeply embedded relationships. • Proximity to One of the World's Larg
Slide 12: Execution Strategy
EXECUTION STRATEGY SRJ's 3-Year Growth Strategy (2025–2028) will be implemented through a phased and structured roadmap. For personal use only Phase 1: Foundation & Setup (2025) Phase 2: Market Penetration and secure independent contract wins (2026) • Establish the operational, organisational, and m
Slide 13: Phase 1: Foundation & Setup
PHASE 1: FOUNDATION & SETUP SRJ is well-progressed and ahead of schedule on its Phase 1 plans. Cost-Out & Restructure1 Joint Venture Strategy Strategic Acquisition • Headcount and salary reductions. • SRJ has signed a Joint Venture Agreement • Share Purchase Agreement (SPA) signed for For personal u
Slide 14: Cost-Out & Restructure
COST-OUT & RESTRUCTURE Net savings identified reduce OPEX by approx. £268K and £1,108K in FY25 and FY26, respectively and aligns the business with NOC requirements. Projected OPEX Co s t -Ou t £3,220K • Net savings identified total to approx. £268K and £1,108K in FY25 and FY26, For personal use only
Slide 15: Joint Venture Strategy
JOINT VENTURE STRATEGY Strategic partnerships will be a core pillar in enabling SRJ’s rapid expansion and delivery capacity. Ro le o f St ra t e g ic Pa rt n e rs h ip s / JVs in SRJ’s Gro w t h • Accelerate access to major tenders and multi-year contracts with NOCs and industrial clients. Co-bid on
Slide 16: Target Contract Agreements
TARGET CONTRACT AGREEMENTS Embedded Maintenance Contract Example. Pre-Contractual Phase Opportunity Identification Feasibility/ Risk Analysis / JV DD • To expedite entry into the Middle East market, initial Proposal development & Pricing Project Management Expertise Target Contract Size: contracts w
Slide 17: Strategic Joint Venture Agreement to Deliver Initial US$6M+ Work Scope
STRATEGIC JOINT VENTURE AGREEMENT TO DELIVER INITIAL US$6M+ WORK SCOPE IN THE MIDDLE EAST JVA facilitates immediate commercial market entry through a revenue-generating agreement. Overview: Overall Project Value: • JV Agreement Signed: 50:50 Joint Venture Agreement (JVA) with CAPSA Engineering & Con
Slide 18: Strategic Acquisition of an NOC Registered UAE Entity
STRATEGIC ACQUISITION OF AN NOC REGISTERED UAE ENTITY The acquisition of an NOC-registered company aligns with the Company’s strategy to expand its presence and competitiveness in the UAE’s energy sector. NOCs are some of the world’s largest and most stable energy companies, with significant ongoing
Slide 19: Strategic Acquisition Rationale
STRATEGIC ACQUISITION RATIONALE Completion of the Acquisition will expedite the strategic objective of embedding long-term technical maintenance teams on client sites— this approach will allow the Company to tender for long term contracts that could lead to recurring revenue streams and deepens cust
Slide 20: Key Terms of Signed SPA
KEY TERMS OF SIGNED SPA On 23 July 2025, SRJ Technologies Group PLC (the Buyer) entered into a share purchase agreement (the SPA) for the acquisition of 100% of the issued share capital of First Avenue General Contracting – Sole Proprietorship LLC (the Target), a limited liability company incorporat
Slide 21: Pathway to Full UAE Contractor Status
PATHWAY TO FULL UAE CONTRACTOR STATUS Targeting initial joint venture contracts and completing the strategic acquisition forms part of a wider plan to expedite the Company’s entry into the UAE market as an independent Asset Integrity Maintenance contractor. NOW Q2 / Q3 FY2025 Q1 FY2026 For personal
Slide 22: Current vs Future Model
CURRENT VS FUTURE MODEL SRJ will evolve from a project-based company into a fully embedded Asset Integrity Maintenance partner, offering recurring, high-margin, long-term asset maintenance services, bundled with AI-driven predictive maintenance and ESG compliance solutions. Cu rre n t Mo d e l Fu t
Slide 23: Funding Summary
FUNDING SUMMARY Transaction Funding Sources of Funds GBP£’000 A$’000 Initial Funding Cash as at 30 June 2025 284 590 Placement funds secured 171 357 Issued CDIs using placement capacity to raise £171k (A$357k). For personal use only • • The raise price of A$0.004 matches the Entitlement Offer. Entit
Slide 24: Pro Forma Balance Sheet
PRO FORMA BALANCE SHEET Proforma Strategic Dec-24 Pro Dec-24 Pro The Proforma Adjustments for the Offer and the Acquisition are presented as if they, together, had Dec-24 adjustments Acquisition forma forma occurred on or before 31 December 2024 and are set out below. (Audited) £'000 £'000 £'000 £'0
Slide 25: Group Performance H1 FY25
Group Performance H1 FY25 Revenue & EBITDA COMMENTARY: H1 FY25 results are preliminary, unaudited results and may change following review by the 2500 Company’s auditor. 2000 H1 Fy25 Revenue (and therefore EBITDA) excludes a sales return of BoltEx® for £171k in respect of revenues recognised in FY24.
Slide 26: Key Risks & International Offer Restrictions
03 For personal use only Key risks & international offer restrictions 26
Slide 27: Key Risks: Acquisition Related
KEY RISKS ACQUISITION RELATED RISKS The Acquisition will be subject to certain conditions including undertaking due diligence on the Target that allows the Company to progress. If any of the conditions are not satisfied or waived this could delay or prevent the Acquisition from completing. Failure t
Slide 28: Key Risks: Acquisition Related (continued)
KEY RISKS ACQUISITION RELATED RISKS (continued) The acquisition of an entity not currently trading involves operational and administrative challenges in activating the business, recruiting personnel, renewing or obtaining commercial licenses, Integration and activation risks updating NOC registratio
Slide 29: Key Risks: Acquisition Related (continued)
KEY RISKS ACQUISITION RELATED RISKS (continued) Completion of the strategic The share purchase agreement for the acquisition is, subject to completion of satisfactory due diligence and fulfillment (or waiver) of certain conditions precedent. There is no certainty that these acquisition is subject to
Slide 30: Key Risks: Joint Venture Related
KEY RISKS JOINT VENTURE RELATED RISKS The success of the JV strategy (including the initial JV) depends on the continued cooperation and performance of the UAE-based partners, including their ability to maintain NOC registration and Execution Risk and Dependence comply with NOC’s stringent operation
Slide 31: Key Risks: Joint Venture Related (continued)
KEY RISKS JOINT VENTURE RELATED RISKS (continued) The JV’s business is substantially dependent on a single NOC as the primary customer. Any deterioration in the relationship with the NOC, changes in the NOC’s procurement policies, or termination Dependence on NOC as the End- of the maintenance contr
Slide 32: Key Risks: Specific to the Offer
KEY RISKS RISKS SPECIFIC TO THE OFFER The Offer may result in dilution of As new CDIs will be issued by the Company under the Offer, existing shareholders will see their proportional ownership and voting power decrease significantly unless they participate in the Entitlement existing shareholders’ o
Slide 33: Key Risks: Business Related
KEY RISKS BUSINESS RELATED RISKS Following a recent leadership change, the Company has commenced implementation of a revised strategic plan aimed at strengthening core revenue streams, securing longer-term contractual commitments, exploring growth opportunities, and streamlining operations to enhanc
Slide 34: Key Risks: Business Related (continued)
KEY RISKS BUSINESS RELATED RISKS (continued) The Group is pursuing a new strategic initiative focused on expanding operations in the Middle East and securing long-term contracts to support future growth and value creation. While this strategy presents an opportunity to enhance the Group’s geographic
Slide 35: Key Risks: Business Related (continued)
KEY RISKS BUSINESS RELATED RISKS (continued) A significant proportion of the Group’s revenue is currently derived from a small number of large customers. SRJ’s largest customer is EFTECH International SDN BHD which represented approximately 44% of SRJ’s revenue in FY24. ACE’s largest customer is Oce
Slide 36: Key Risks: Business Related (continued)
KEY RISKS BUSINESS RELATED RISKS (continued) The Group has operations in Australia, the United Kingdom, the Middle East and various other foreign jurisdictions and corporate and head office functions in Jersey, with the Group deriving revenue from operations in foreign countries. As a result the Gro
Slide 37: Key Risks: Business Related (continued)
KEY RISKS BUSINESS RELATED RISKS (continued) The Company is incorporated and registered as a public limited company under the laws of Jersey and is currently regarded as tax resident in Jersey. The Company intends to relocate its headquarters and base its senior management team in the United Arab Em
Slide 38: Summary of Underwriting Agreement
SUMMARY OF UNDERWRITING AGREEMENT The Company has entered into the Underwriting Agreement with the Lead Manager. Unless otherwise • any material adverse change occurs from the position disclosed in the Offer Announcement, specified in this summary, capitalised (but undefined) terms have the meaning
Slide 39: Summary of Underwriting Agreement
SUMMARY OF UNDERWRITING AGREEMENT Some (but not all) of those Materially Adverse Events are described below (in summary form only): • the Company commits a breach of the Corporations Act, ASX Listing Rules, its Memorandum or • a statement in the Public Information is or becomes misleading or decepti
Slide 40: International Offer Restrictions
INTERNATIONAL OFFER RESTRICTIONS International Offer Restrictions This document does not constitute an offer of Entitlements or CDIs of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the Entitlements and CDIs may
Slide 41: Offer Summary – International Offer Restrictions
OFFER SUMMARY – INTERNATIONAL OFFER RESTRICTIONS International Offer Restrictions (continued) United States This document and any material accompanying it may not be released or distributed in the United States. This document and any material accompanying it does not constitute an offer to sell, or
Slide 42: Glossary
GLOSSARY Term Meaning ACE Air Control Entech Ltd, a subsidiary of the Company Acquisition The proposed acquisition of the Target ANREO Accelerated Non-Renounceable Entitlement Offer ASIC Australian Securities and Investments Commission ASIC Act Australian Securities and Investments Commission Act 20
Slide 43: Appendix
For personal use only 04 Appendix 43
Slide 44: Restructure Proposals
RESTRUCTURE PROPOSALS Restructure to reduce overheads and position for revenue growth and diversification of income. Grow Revenue For personal use only Diversify Income Secure long-term call-off contracts for existing business Secure Funding and secure independent Secure alternative revenue contract
Slide 45: Current Corporate Structure
CURRENT CORPORATE STRUCTURE The current structure is based on a Jersey Holding Company (listed on ASX), four Operating Companies and an Intellectual Property holding company used to protect the IP from operational risks. SRJ Technologies Group Plc Holding Company For personal use only Jersey 100% Ac
Slide 46: Proposed Corporate Structure
PROPOSED CORPORATE STRUCTURE The proposed structure is based on a UAE HQ, four Operating Companies and an Intellectual Property holding company used to protect the IP from operational risks. Restructure • Hold Co remains in Jersey whilst HQ shifts to UAE Close Jersey, and UK SRJ Op Co’s SRJ Technolo
Slide 47: Cost Savings from Proposed Restructure (FY25)
COST SAVINGS FROM PROPOSED RESTRUCTURE Cost Savings for FY25 • Workforce: whilst measures are being introduced immediately, holiday pay, deferred salaries and potential redundancies will limit GBP£’000 A$’000 the cost saving potential in this financial year. For personal use only • Savings comprises
Slide 48: Cost Savings from Proposed Restructure (FY26)
COST SAVINGS FROM PROPOSED RESTRUCTURE Cost Savings for FY26 Cost Savings in FY26 compared to FY25 GBP£’000 A$’000 • Workforce: Savings comprises redundancies, salary reductions and Workforce 757 1,550 staff departures. Selling, General & Admin expenses 352 722 (SG&A) For personal use only • Selling
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