• Record order book of $14.2 billion, with potential to deliver over $600 million in EBIT
• Significant investment in facilities for growth and setting up the shipyard for future contracts
• Transition to new programs will bring growth through order book, with anticipation of +2,000 jobs company-wide over next 5 years

Austal Ltd, a leading global shipbuilder, presented its growth plans at the Macquarie Australia Conference 2025. The company highlighted its record order book of around $14.2 billion, which exceeds its total revenue for the last 7 years. Assuming all options are exercised, this order book could potentially deliver over $600 million of EBIT to the company, with significant upside as major programs move to a steady state. Austal is making significant investments in its facilities, including expanding its shipbuilding capabilities in Mobile, Alabama, and setting up the shipyard for future contracts. The company has also received a letter of support from an Australian Government financing agency for up to 50% of the financing required for the expansion project. Austal is transitioning to new programs, which is expected to bring growth through its order book. The company anticipates adding over 2,000 jobs company-wide over the next 5 years. Austal's outlook remains positive, with the company well-positioned to execute on its record order book and continue to reduce the share price-order book disconnect.

Austal has updated its EBIT guidance for FY2025 to not less than $80 million at H1 results. Key drivers include the record order book of $14.2 billion, increased orders anticipated through the Strategic Shipbuilder Agreement (SSA), and increased volume of work in Asia.

Austal is nearing the end of a transition period and the start of an execution period, with years of growth ahead. The company is focused on efficiently executing on its record order book and positioning itself for future growth opportunities, including through the AUKUS partnership.