DDH1 : 1H22 Results Investor Presentation

DDH1 LIMITED 1H FY22

onlyRESULTS PRESENTATION

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25 FEBRUARY 2022 DDH1.COM.AU

DDH1 LIMITED

IMPORTANT NOTICE AND DISCLAIMER

This presentation and these materials (together the "Presentation") have been prepared by DDH1 Limited ABN 48 636 677 088 (ASX Code: DDH) ("DDH1") as a summary of DDH1's operations and results for the purposes of a presentation to existing or potential investors in DDH1. By participating in this Presentation or reviewing or retaining these materials, you acknowledge and represent that you have read, understood, and accepted the terms of this Important Notice and Disclaimer.

onlyThis Presentation should be read in conjunction with DDH1's Prospectus dated 10 February 2021, the HY22 half-year financial statements and FY21 annual financial statements of DDH1 Limited and FY20 annual financial statements of DDH1 Holdings Pty Ltd, and other periodic and continuous disclosure announcements that have been lodged by DDH1 with the ASX.

This Presentation is not intended as an offer, invitation, solicitation, or recommendation with respect to the purchase or sale of any security in the United States or any other jurisdiction.

Financial Data: All dollar values are in Australian Dollars unless stated otherwise.

N n-IFRSInformation: DDH1's financial reporting complies with Australian Accounting Standards and International Financial Reporting Standards ("IFRS"). This Presentation includes material that contains non-IFRS measures that are not subject to audit. The non-IFRS information has not been audited. DDH1 believes this non-IFRS financial information provides useful information to users in measuring the financial performance and conditions of DDH1. The non-IFRS financial information does not have a standardised meaning prescribed by Australian Accounting Standards and, therefore, may not be comparable to similarly titled

usem asures presented by other entities, nor should they be construed as an alternative to other financial measures determined in accordance with Australian Accounting Standards. Investors are cautioned, therefore, not to place undue reliance on any non-IFRS financial information and ratios included in this

pr sentation. Such non-IFRS financial information is unaudited.

Forward-LookingStatements and Risks: This Presentation may contain forward looking statements concerning activities which are or may be undertaken, outlook or other matters. Any such forward-looking statements are based on assumptions, which may differ materially from the actual circumstances which may arise. Actual results may differ from projections and such variations may be material. You should not place undue reliance on any projections, which are based only on information currently available to DDH1. DDH1 undertakes no obligation to update any forward-looking statements for events or circumstances that occur

s bsequent to the date of this Presentation or to keep current any of the information provided. Past performance is no guarantee of future performance.

Forward-looking statements involve inherent risks and uncertainties, both general and specific, and there is a risk that those predictions, forecasts and other forward-looking statements will not be achieved. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions ersonal

and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current m rket conditions.

This Presentation contains statements that are subject to risk factors associated with DDH1's industry as well as unknown risks and uncertainties (both general and specific), many of which are outside the control of DDH1. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables, some of which are outside DDH1's control, which could cause actual results or trends to differ materially, including but not limited to earnings, capital expenditure, cash flow and capital structure risks and general business risks. Given this, recipients are strongly cautioned not to place u due reliance on any Projections and forward-looking statements, particularly in light of the current economic climate and the significant volatility, uncertainty and disruption caused by the COVID-19 pandemic.

Disclaimer: Other than as required by law, neither DDH1 nor any other person (including any director, officer or employee of any member of the Group) gives any representation, warranty or assurance (express or implied) in relation to the accuracy or completeness of any forward-looking statement or that the occurrence of any event, results, performance or achievement will actually occur. Except as required by applicable laws or regulations, DDH1 expressly disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statements in this presentation to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based.

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The DDH1 Group provides a range of specialised surface and underground drilling services to mining and exploration clients in Australia and selected international markets.

We aspire to be the world's leading driller through innovation and a continued focus on high quality reliable services.

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1H FY22 RESULTS AGENDA

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1H FY22

OPERATIONAL HIGHLIGHTS

1H FY22

FINANCIAL

HIGHLIGHTS

FINANCIAL PERFORMANCE

INDUSTRY

UPDATE

BUSINESS OVERVIEW & SWICK UPDATE

GROWTH OPPORTUNITIES & OUTLOOK

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1H FY22 OPERATIONAL HIGHLIGHTS

11.0%	6.9%		5.4%
only	IMPROVED ROLLING	RECORD METRES	RIG
	12-MONTH TRIFR1	DRILLED		UTILISATION
	31 DECEMBER 2021 - 8.02	1H FY22 - 1.17M		1H FY22 - 79.3%
use	30 JUNE 2021 - 9.00	1H FY21 - 1.09M		1H FY21 - 73.9%
6		10.5%
ersonal	QUALITY RIGS		ANNUALISED
		REVENUE PER RIG
	RIGS AT 31 DEC 21 - 104	1H FY22 - $3.3M
	RIGS AT 31 DEC 20 - 98	1H FY21 - $3.0M

Note - the above information is for DDH1 Limited for 1H FY22 and excludes any Swick Mining Services information, unless otherwise stated 1. Total Recordable Injury Frequency Rate (TRIFR)

17.1%

SHIFTS

1H FY22 - 25,384

1H FY21 - 21,678

SWICK

TRANSFORMATIVE

TRANSACTION

72 RIGS

625 SKILLED EMPLOYEES

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