MAAS Group (MGH) investor relations material

Opening remarks and agenda

• AGM opened with acknowledgment of traditional landowners and confirmation of quorum, with both in-person and virtual attendance options.

• Directors, company secretary, CFO, and auditor were introduced; CEO participated online due to family commitments.

• Meeting procedures, voting rights, and technical instructions for both in-person and online participants were outlined.

Financial performance review

• Achieved record FY26 performance with underlying EBITDA of $300.3M, a 37% increase on prior year, and statutory NPAT of $136.1M, up 89%.

• Underlying revenue increased 27% to AUD 1.264 billion; underlying net profit after tax rose 57% to AUD 123.4 million.

• Strong cash conversion with operating cash flow at AUD 183.5 million, representing 93% of underlying EBITDA; leverage ratio within 2-3x target range.

• Segment highlights: Civil construction and hire EBITDA up 64%, residential real estate EBITDA up 44%, commercial real estate EBITDA up 20%, manufacturing EBITDA up 26%.

• Electrical work in hand reached ~$1.2bn, providing earnings visibility for FY27 and beyond.

Board and executive committee updates

• CEO & Managing Director, Wes Maas, led the board, supported by a mix of independent and non-executive directors, and a seasoned executive team including CFO, COO, and other key operational leaders.

• Board and management praised for leadership and execution; re-election of Non-Executive Director David Keir supported.

• Tanya Gale recognized for her service as Executive Director, with performance rights linked to long-term outcomes.