CM divestment and strategy update presentation

• Maas Group Holdings to divest construction materials division to Heidelberg Materials Australia
• Transaction unlocks value and strengthens balance sheet
• Proceeds to be reinvested into next-generation infrastructure opportunities

Maas Group Holdings (MGH) has announced the divestment of its construction materials division to Heidelberg Materials Australia (HMA) for $1.703 billion, with an additional $120 million in contingent consideration. The transaction represents a premium to MGH's trading multiple and above comparable construction materials transactions, allowing the company to crystallize value from this high-quality, at-scale asset. The proceeds will be used to strengthen MGH's balance sheet, reduce net debt, and enhance the company's financial flexibility. This will enable MGH to redeploy capital with discipline into sectors with strong structural tailwinds, including electrification, digital infrastructure, and AI-led growth opportunities. MGH is positioning itself for the next phase of infrastructure development, expanding beyond traditional construction into emerging areas such as hyperscale and next-generation data centers, grid upgrades, and energy transition assets. The company has also made a strategic $100 million investment in Firmus, a vertically integrated developer and operator of AI infrastructure, to support closer alignment and participation in future digital infrastructure projects. MGH's management team remains highly committed, passionate, and experienced to support the company's growth, with a proven track record of disciplined expansion and capital recycling across multiple infrastructure cycles.

MGH expects to deliver EBITDA in the range of $240 million to $275 million for the 2026 financial year, reflecting the company's transition to the next phase of growth following the construction materials divestment.

Following the divestment, MGH will focus on redeploying capital with discipline into high-growth sectors including electrification, digital infrastructure, and AI-led projects, leveraging the company's existing capabilities and expertise to capture opportunities in the evolving infrastructure landscape.