Sims (SGM) Investor Day 2025 Presentation summary

Strategic positioning and business segments

• Operates across two main segments: Metal (central to steel decarbonisation) and Sims Lifecycle Services (SLS, enabling circular cloud expansion for hyperscalers).

• Focuses on automation, advanced separation, and AI/robotics to drive quality and efficiency.

• Capital is allocated to high-return, cash-generative projects aligned with long-term strategy.

Sims Lifecycle Services (SLS) growth and performance

• SLS benefits from hyperscaler demand, with revenue lagging data centre investment by about four years, creating a visible pipeline.

• SLS is the only large-scale provider in a fragmented market, with a global footprint and embedded relationships with hyperscalers.

• Revenue streams include resale, service fees, commodity recovery, and remanufacture, with strong growth in repurposed units and trading margin.

• FY25 SLS revenue reached A$427m, with underlying EBITDA of A$46m and EBIT of A$33m; repurposed units grew from 4m in FY23 to 9m in FY25.

• Profitability is accelerating, with EBIT forecasted to reach A$45–50m in FY26.

ANZ Metal market and operational overview

• Australia and New Zealand have mature, diversified scrap streams, with Australia generating ~4 Mtpa of scrap and New Zealand 0.85 Mt.

• Market leadership is supported by a unique national footprint, advanced processing, and strong supplier relationships.

• FY25 ANZ Metal sales revenue was ~A$1.58bn, with ~1.6m tonnes of metals sold and 970 employees.

• Non-ferrous metals contributed 48% of ANZ revenue, with global trading reach and uncapped demand from green metal agendas.