Quickstep : Annual Report to shareholders

ASX/Media Release: 30 October 2018

2018 Annual Report

Sydney, 30 October 2018 - Quickstep Holdings Limited (ASX:QHL), Australia's leading independent manufacturer of advanced carbon fibre composite components, confirms that its 2018 Annual Report was mailed to shareholders yesterday. A copy of the 2018 Annual Report is attached to this announcement, and can also be found on the Quickstep website at the following location:

https://www.quickstep.com.au/files/files/760_QHL_Annual_Report_2018_Interactive.pdf

‐ENDS‐

About Quickstep Holdings

Quickstep Holdings Limited (ASX: QHL) is the largest independent aerospace‐grade advanced composite manufacturer in Australia, operating from state‐of‐the‐art aerospace manufacturing facilities at Bankstown Airport in Sydney, NSW and a manufacturing and R&D/ process development centre in Geelong, Victoria. The group employs more than 200 people in Australia and internationally. Quickstep is partnering with some of the world's largest aerospace / defence organisations including Lockheed Martin (US), Northrop Grumman (US), Boeing Defense (US) and BAE Systems (UK), as well as Australian companies Marand Precision Engineering and Chemring Australia. Quickstep is currently working on new opportunities with a number of additional companies including General Atomics (US). More information about Quickstep is available atwww.quickstep.com.au

For further information:

Investors	Media
Mark Burgess - Managing Director	Ashley Rambukwella / Antonino Blancato
Quickstep Holdings Limited	Financial & Corporate Relations
Telephone: +61‐2 9774 0300	Telephone: [phone]
or [phone] / 0410 448 577
E:[e-mail]	E:[e-mail] or [e-mail]
or:
Visitwww.quickstep.com.au

361 Milperra Road	Tel: [phone]
Bankstown Airport NSW 2200	Fax: [phone]
www.quickstep.com.au	Email:[e-mail]

ASX Code: QHL

CONTENTS

QUICKSTEP ANNUAL REPORT 2018

• 01. Promises to Shareholders

• 02. Chair's Report

• 04. CEO and Managing Director's Review

• 08. Review of operations

• 10. Our People

• 12. Our Leadership Team

• 14. Board of Directors

• 16. Directors report

• 24. remuneration Report

• 32. Financial Report

• 71. Shareholder Information

• 73. Corporate Directory

QUICKSTEP.COM.AU01

PROMISES TO SHAREHOLDERS

our Promises to Shareholders - delivered.

Simplify management and Board structure

Realign R&D and reduced costs in FY2018

Close Germany/Consolidate at Geelong

Cease non-core programs

Cost savings of $3.5m versus FY2017

Improve Gross Margin

Increased investment in business development

Lean programs at Bankstown and Geelong

Further develop Qure and QPS solutions

Grow sales by >10% in FY2018

Secure new customers and contracts

Establish partnership opportunities

Positive in H2 FY2018

02 QUICKSTEP ANNUAL REPORT 2018

CHAIR'S REPORT

chair's

report

FY2018 was a significant year for Quickstep with the achievement of net profit in the second half of the year for the first time in the history of the company and the securing of additional future work to drive continued revenue growth. In FY2018, we have delivered as we promised at last year's Annual General Meeting, on the following:

14%

increase in annual sales revenue

EBIT

Positive EBIT for the second half of FY18

COSTS

Cost savings and efficiency improvements

Securing new business for the future