FY24 Results Investor Presentation

• Delivered a decade of high-teens earnings growth, with EBIT up 20% in FY24
• Completed the compulsory acquisition of Boral, with leverage sub-2.3x
• Continued focus on operating leverage, with EBIT margin expansion of 106bp to 13.4%

Seven Group Holdings (SGH) reported a strong FY24 result, delivering a decade of high-teens earnings growth. EBIT increased 20% to $1,419 million, with the Industrial Services division contributing 93% of earnings. WesTrac saw revenue growth of 19% and EBIT growth of 25%, ahead of its 10-year CAGR of 16%, driven by strong demand across capital sales and services. Boral delivered revenue, earnings and cash flow growth, with EBIT up 61% to $372 million and EBIT margin expansion of 376bp to 10.5%. Coates also reported EBIT growth of 9% to $327 million, with a focus on operational efficiency. In Energy, Beach Energy gained momentum with a strategic refresh underway, while SGH's Crux LNG backfill project progressed. In Media, Seven West Media's organisational restructure was completed, and the company is redefining its operating model to drive digital growth. Overall, SGH maintained a disciplined approach to capital allocation and operating leverage, with EBIT margin expansion of 106bp to 13.4% and return on equity of 20.8%.

SGH expects continued strong demand across its Industrial Services businesses, with a robust pipeline of mining production and infrastructure and construction activity. In Energy, the company anticipates domestic gas shortfalls from FY26 and a finely balanced LNG market with downside supply risks.