DECMIL RETURNS TO PROFITABILITY IN 1H FY21

•  EBITDA $5.6 million (1H FY20: $19.9 million loss from continuing operations)
•  NPAT $0.6 million (1H FY20: $31.4 million loss from continuing operations)
•  Positive operating cash flow of $11.9 million (1H FY20: $36.3 million operating cash outflow)
•  Revenue of $165.1 million (1H FY20: $236.9 million from continuing operations), with stronger revenue anticipated in 2H FY21
•  Strong result underpinned by renewed strategy to target contracts with blue chip clients within Decmil’s areas of core expertise
•  Work in hand of ~$600 million as at 31 December 2020 expected to expand during 2H FY21, as government spending on infrastructure development continues strong momentum
•  Healthy cash position of $29.7 million at 31 December 2020
•  Agreements reached with NAB and surety bond providers to provide working capital and surety bonding support into 2021
•  Construction market outlook continues to be strong on the back of Government stimulus and high commodity prices – Decmil’s core sectors have upwards of $7 billion of potential projects to underpin long-term growth