Acrow Formwork and Construction Services : FY22 Interim Financial Results Presentation

onlyuse

ersonalFY22 Interim Results (unaudited)

9 February 2022

Disclaimer

This presentation is based on unaudited interim results and provided for information purposes only. The Appendix 4D (audited) will be lodged with the ASX by 28 February 2022. The

information in this presentation is in a summary form, does not purport to be complete and is not intended to be relied upon as advice to investors or other persons. The information contained in this presentation was prepared as of its date and remains subject to change without notice. This presentation has been provided to you solely for the purpose of giving you background information about Acrow Formwork and Construction Services Limited ("Acrow").

onlyNo representation or warranty, express or implied, is made as to the accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this

presentation. Neither Acrow, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, related bodies corporate, affiliates, agents or advisers makes any representations or warranties that this presentation is complete or that it contains all material information about Acrow or which a prospective investor or purchaser

may require in evaluating a possible investment in Acrow or acquisition of shares. To the maximum extent permitted by law, none of those persons accept any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this presentation or in relation to the accuracy or completeness of the information, statements, opinions or matters, express or implied, contained in, arising out of or derived from, or for omissions from, this presentation. Acrow has not independently verified any of the contents of this presentation (including, without limitation, any of the information attributed to third parties). No person is under any obligation to update this presentation at any time after its release to you.

Certain statements in this presentation may constitute forward-looking statements or statements about future matters that are based upon information known and assumptions made as of the date of this presentation. Forward looking statements can generally be identified by the use of forward-looking words such as, "expect", "anticipate", "likely", "intend", "should" , "could", "may", "predict", "plan", "propose", "will", "believe", "forecast", "estimate", "target" and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements.

useThis presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities in Acrow and neither this presentation nor any
of the information contained herein shall form the basis of any contract or commitment. In particular, this presentation does not constitute an offer to sell, or a solicitation of an offer to
buy, any securities in the United States. This presentation may not be reproduced or redistributed to any other person. In receiving this presentation, each recipient agrees to the foregoing
terms and conditions.
This Presentation was approved for release by the Acrow Board of Directors
For further information	Andrew Crowther
	Steven Boland
	Managing Director	Chief Financial Officer
	Ph: [phone]	Ph: [phone]
ersonal		FY22 Interim Results (unaudited)	2

Actual results may differ materially from any future results or performance expressed, predicted or implied by the statements contained in this presentation. As such, undue reliance should not be placed on any forward-looking statement. Past performance is not necessarily a guide to future performance. Nothing contained in this presentation, nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee, whether as to the past, present or future.

Rozelle Vent Shafts, Sydney, NSW

onlyuse ersonalKey Highlights

Key Financials Metrics (underlying)

ersonal use only

Revenue - up 38%

$m
80	69

60	50
38
40
20
0
1H20	1H21	1H22

NPAT - up 118%

$m
10.0			8.0
8.0
6.0		3.7
4.0	2.1
2.0
0.0
	1H20	1H21	1H22

	DPS up 60%
₵
1.4	1.20

1.2
1.0	0.75
0.8
0.6
0.4

1. 0.00

1H20

1H21

1H22

EBITDA - up 51%

$m
20			16.7
15	7.9	11.1
10
5
0
	1H20	1H21	1H22

EPS - up 94%

₵
4.0			3.28
3.0
2.0	1.19	1.69
1.0
0.0
	1H20	1H21	1H22

ROE - up 2.8% pts

25%			19.2%
20%		16.4%
15%	10.2%
10%
5%
0%
	1H20	1H21	1H22

FY22 Interim Results (unaudited)

4

Key Achievements -1H22

use only

Record Secured Hire Contracts

Secured hire contracts up

33% YoY to $23.4m

Strong Organic

Growth

Record results achieved from organic growth. No impact from acquisitions

Industrial

National footprint

• 6 statesServices
• 9 depots

Revenue up 158% YoY to $21.3m. Sales contribution up 76%

ersonal

Queensland

Formwork

Strong market growth

resulted in 80% total hire

revenue growth

WA, SA, Tas	Supply Chain
Growth	& Logistics
Revenue and contribution	Significant steps taken
margin up 62% and 118%	to minimise impact of
respectively on broader	supply chain and
product offering	logistics challenges

FY22 Interim Results (unaudited)

5