SRG Global : Acquisition of WBHO Infrastructure WA Presentation

only ACQUISITION OF useWBHO INFRASTRUCTURE WA BUSINESS

ersonal14 March 2022

OVERVIEW OF ACQUISITION

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Acquisition of WBHO Infrastructure's WA business for net consideration of $15.2 million Acquisition price fully asset backed and funded through existing cash / equipment finance facilities WBHO is a leading provider of asset management, civil maintenance, construction services Sectors include transport, resources, water, agriculture, waste, renewables and aviation

WBHO in WA has historically generated ~$150 million of revenue per annum Ongoing employment for 275 skilled engineering and operational personnel Track record of delivering positive earnings and growth over a 35-year history Annuity / recurring earnings profile with long term contracts with blue chip clients WBHO in WA delivers services to a number of core clients common to SRG Global Experienced management team to remain with the business as part of SRG Global Completion is expected by end of March 2022

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STRATEGIC RATIONALE OF ACQUISITION

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Known partner through SRG Global / WBHO Infrastructure Joint Venture history 275 strong workforce with aligned cultures

Expands asset management, civil maintenance and construction services capability Multiple maintenance term contracts with blue-chip clients already serviced by SRG Global Opportunity to deliver broader offering to existing WBHO WA clients that are new to SRG Global Track record of long-term relationships and delivery for key clients

Highest available national road / bridge accreditation (R5 / B4)

Integrated Service Agreement with Main Roads

Strategic location in Kwinana Industrial Area (Western Australia)

Annuity / recurring contracts, expected to be EPS accretive from day one, low risk profile Aligned with Growth and Leadership phase of SRG Global strategy

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ALIGNMENT TO SRG GLOBAL STRATEGIC HORIZONS

Building the most sought-after specialist

asset maintenance, mining services and construction business
only			LEADERSHIP
use	GROWTH
	Zero Harm / ESG industry leader and
		Step change growth in recurring		recognised employer / partner of choice
 Asset Services
	Domestic / International growth in Engineered
		Innovation and selective growth in		Products across all SRG operating segments
		Mining Services		Selective strategic acquisitions to
ersonal		 complement capability / footprint
Targeted growth in specialist
 Civil Infrastructure Construction
	Consistent, above market shareholder
			 returns (EPS and TSR)
		Specialist services and products in Building
		Construction with key repeat clients		80% annuity / recurring and
	67% annuity / recurring and		20% project-based earnings
33% project-based earnings

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SRG GLOBAL
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INVESTMENT PROPOSITION
End-to-end	Diverse	Annuity
use	market sectors /	earnings
asset lifecycle
capability	geographies	profile
Highly scalable	Capital light	Dividend
ersonal	investment	paying
business
model	profile	stock

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