RESULTS 27 August 2014

For

per

sona

l use

onl

y

2

Disclaimer and additional information This presentation has been prepared by and concerns Calibre Group Limited (Calibre), and consists of these slides and any accompanying commentary. By reviewing / attending this presentation, you acknowledge the following statements / information in this disclaimer. FORWARD LOOKING STATEMENTS This presentation contains forward looking statements that are subject to risk factors associated with all industry segments in which Calibre operates, including engineering services, mining, rail, construction, industrial technology, consulting, and asset management. All statements other than the statements of historical facts included in this presentation, including, without limitation, those regarding Calibre’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Calibre’s products and services and forecasts) are forward looking statements. In addition to the categories of risk set out here, such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Calibre, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. While Calibre considers the assumptions on which these statements are based to be reasonable, whether circumstances actually occur in accordance with these statements may be affected by a variety of factors. These include, but are not limited to, levels of actual demand, currency fluctuations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risk, project delay or advancement, approvals and cost estimates. These could cause trends or results to differ from the forward looking statements in this presentation.

NOT FINANCIAL PRODUCT ADVICE This presentation is for information purposes only and is not financial product or investment advice, nor a recommendation to acquire Calibre shares. It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction. PAST PERFORMANCE Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Nothing in this presentation should be interpreted to mean that future earnings per share of Calibre will necessarily match or exceed its historical published earnings per share. All references to dollars, cents, or $ in this presentation are to Australian currency, unless otherwise stated. References to “Calibre”, the “Company”, the “Group” or the “Calibre Group” may be references to Calibre Group Limited ACN 100 255 623, or its subsidiaries.

For

per

sona

l use

onl

y

3

Today’s Agenda

1 Safety

2 FY2014 Overview

3 Financial Results

4 Segment Performance

5 Strategy Overview

6 Outlook

People

Performance

Passion

For

per

sona

l use

onl

y

4

Calibre Group TRIFR

5.4m hrs under management in FY2014 0.2 LTIFR 3.1 TRIFR

Calibre Group LTIFR

3.1

FY2014

0.2

FY2014

3.2

FY2013

0.0

FY2013

Initiatives

• ‘Drive Smart, Drive Safe’ - guidelines for light vehicle driving

• ‘Mental Health Toolbox’ campaign

• ‘Minor Incidents, Major Consequences’ education campaign

For

per

sona

l use

onl

y

5

Strong cash flows and NPAT growth of 10.1% Revenue $709.3m

0.3% EBITDA $45.2m

14.1%

NPAT $24.4m

10.1% $63.3m Operating cash flow

49.6%

Fina

ncia

l St

rate

gic

Ope

ratio

nal

• Sound result for the year amid tight trading conditions • Strong focus on working capital - cash conversion ratio of 140.0% net cash

$2.8m • Fully franked final dividend of 2.5cps taking the full year dividend to 6.0cps • R&D tax benefits favourably impacted NPAT

• Diversification strategy to broaden recurring revenue streams saw revenue increases in Infrastructure and Consulting offset partly by Resources

• Two acquisitions completed during the year including Spiire, New Zealand. A third acquisition, Ark Maintenance, completed on 7 July 2014

• Commitment to the safety of all staff - Zero Harm • Hay Point Stage 1 completed on time and budget and lead to the

award of Hay Point Stage 2 • New client relationships established, including Samsung • Management renewal

For

per

sona

l use

onl

y

6

$m FY2014 FY2013 (1) Var (pcp)

Revenue 709.3 711.3 (0.3%)

EBITDA 45.2 52.6 (14.1%)

EBITDA margin 6.4% 7.4%

NPAT 24.4 22.2 10.1%

NPATA (pre-amortisation) 34.6 36.3 (4.7%)

Earnings per share (cents) 7.6 7.3 4.1%

Net operating cash flow 63.3 42.3 49.6%

Dividend per share (cents) 6.0 7.6 (21.1)%

DIVIDEND DETAILS

• Record Date: 12 September 2014

• Payment Date: 1 October 2014

• Eligible shareholders will be able to participate in the Calibre DRP (no discount / 5-day VWAP)

(1) Included nine month contribution from G&S Engineering

For

per

sona

l use

onl

y

7

($m) FY2014 FY2013

EBITDA 45.2 52.6

Net working capital movements 15.8 21.7

Income tax refunded / (paid) 8.3 (25.8)

Interest paid (6.0) (6.2)

Net Operating Cash Flow 63.3 42.3

Payment for acquisitions (23.9) (64.2)

Capital expenditure net (5.8) (11.9)

Proceeds / (repayments) of borrowings (34.7) (20.5)

Net proceeds from issue of shares - 69.6

Payment of dividend (4.0) (17.8)

Other 1.3 1.5

Net Cash Movement (3.8) (1.0)

Opening Cash Balance 50.2 51.2

Closing Cash Balance 46.4 50.2

• Net operating cash flow of $63.3m reflects focus on working capital management and tax benefits

• Cash conversion ratio (1) of 140.0% represented a significant improvement over the 80.4% achieved in the pcp

• Tax refund of $8.3m due to R&D tax benefits

• Effective capital management enabled acquisitions completed during the year to be funded through existing cash reserves

• Capex primarily for systems upgrades and implementation

• $34.7m in debt repayments

(1) Calculated as operating cash flow divided by EBITDA

For

per

sona

l use

onl

y

8

($m) FY2014 FY2013

Cash and cash equivalents 46.4 50.2

Trade and other receivables 81.8 108.4

Other current assets 20.3 14.3

Total Current Assets 148.5 172.9

Property, plant and equipment 29.2 35.2

Goodwill and intangibles 199.0 208.4

Other non-current assets 14.3 13.1

Total Non-Current assets 242.5 256.7

Total Assets 391.0 429.6

Trade and other payables 72.8 83.4

Bank borrowings 17.4 30.0

Deferred acquisition consideration 1.8 19.7

Other current liabilities 21.4 22.2

Total Current Liabilities 113.4 155.3

Bank borrowings 26.2 43.2

Deferred acquisition consideration 0.9 0.5

Other non-current liabilities 18.3 18.6

Total Non-Current Liabilities 45.4 62.3

Total Liabilities 158.8 217.6

Net Assets 232.2 212.1

• $46.4m closing Cash at Bank

• Net cash of $2.8m, compared to net debt of $23.0m at 30th June 2013

• $2.7m in deferred acquisition consideration remaining at year end, compared to $20.2m at 30 June 2013

(1) Calculated as net debt divided by net debt + equity

For

per

sona

l use

onl

y

9

FY2014 FY2013

Gearing (%) (1) n/a 9.8

Interest cover (x) 7.7 8.6

Total debt and working capital facilities ($m) $152.3 $174.0

Unused facilities ($m) $67.5 $62.8

Cash ($m) $46.4 $50.2

Total Liquidity ($m) $113.9 $113.0

Strong financial position

(1) Calculated as net debt divided by net debt + equity

Net cash position ($m)

2.8

(23.0)

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

FY2014 FY2013

For

per

sona

l use

onl

y

10

Revenue Bridge ($m) EBITDA Bridge ($m)

711.3 709.3

3.2

163.0 12.8

-

181.0

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0

Revenue - FY 2013 Consulting Other

Reve

nue

FY20

13

Infr

astr

uctu

re

Cons

ultin

g

Reso

urce

s

Oth

er

Reve

nue

FY20

14

52.6 45.2

2.0

12.8 18.2

0.0

10.0

20.0

30.0

40.0

50.0

60.0

EBITDA - FY2013

Revenuemovement

COGS Overheads EBITDA - FY2014

EBIT

DA

FY20

13

Reve

nue

mov

emen

t

Mar

gin

/ Mix

Ove

rhea

ds

EBIT

DA

FY20

14 For

per

sona

l use

onl

y

11

FY2013 (1) FY2014

$709.3m $711.3m

(1) Consistent with FY2014 segment reporting

46%

10%

44%

Infrastructure Consulting Resources

23%

8%

69%

Infrastructure Consulting Resources

For

per

sona

l use

onl

y

12

• Revenues increased by 98.1% to $329.2m (FY2013: $166.2m), which included a full year contribution from G&S Engineering (pcp reflected a nine month contribution).

• Revenues were driven by the successful undertaking of two major projects during the year; the Hay Point Coal terminal onshore upgrade project and the Caval Ridge project for BHP Mitsubishi Alliance.

• Maintenance activity levels were impacted by declining coal prices and coal price forecasts, with clients focused on productivity improvements and cost management.

• Towards the end of the financial year, there were some positive signs that the maintenance activity levels were improving.

46% contribution to FY2014 revenue

$329.2m FY2013: $166.2m

Revenue

$18.0m FY2013: $6.8m

Segment Profit

For

per

sona

l use

onl

y

13

• Revenues grew 22.9% to $68.6m (FY 2013: $55.8m), with the strong result driven by a combination of organic growth and the acquisitions of E-Tec (Western Australia) and Spiire New Zealand.

• The acquisition of Spiire NZ in February 2014 provided a national presence in the New Zealand civil and urban infrastructure market.

• The acquisition of E-Tec contributed to a national footprint for Consulting. E-Tec offers an opportunity to grow in the Western Australian urban development market, leveraging our capability, reputation and client relationships.

• Projects undertaken during the year included civil and structural services for the Nan Tien Institute’s Learning and Cultural Centre (NSW), structural and civil engineering services for the Werribee Plaza redevelopment (Vic), and construction engineering and supervisory services to the 30km Thomson underground rail line for the Singapore Land Transport Authority. In addition, a number of industry awards were received from the Urban Development Institute of Australia for projects undertaken during the year.

• There were improved conditions experienced in the residential urban development and civil engineering markets in Australia during the year, underpinning the organic growth.

10% contribution to FY2014 revenue

$68.6m FY2013: $55.8m

Revenue

$4.8m FY2013: $3.2m

Segment profit

For

per

sona

l use

onl

y

14

• Revenues decreased by 36.7% to $312.0m (FY2013: $493.0m).

• Operations were affected by a combination of the completion of a number of large scale projects during the year and continued tight market conditions across the resources sector. This resulted in a significant reduction in new capital expansion projects and the delay or deferral of capital investment decisions.

• Restructuring activities undertaken during the year to optimise the business for the current environment will realise $13.0m in annual cost savings going forward.

• Resources continued its long term relationships with Rio Tinto and BHP Billiton, delivering multiple projects for these clients, including Western Turner Brockman. New client relationships were established during the year, including Samsung, where rail design work on the Roy Hill project was undertaken.

44% contribution to FY2014 revenue

$312.0m FY2013: $493.0m

Revenue

$18.2m FY2013: $40.1m

Segment profit

For

per

sona

l use

onl

y

15

SAFETY

• Commitment to target of Zero Harm

PEOPLE

• Leadership, retention, talent identification and management, increased employee share ownership

GROWTH AND DIVERSIFICATION • Expand capability and presence into new industry sectors • Expand client base, geographic breadth and commodity exposure • Increased exposure to recurring revenue streams

People

Performance

Passion OPERATIONAL EXCELLENCE

• Systems and processes / Governance / Business Development

• Commercial discipline

CLIENT ENGAGEMENT

• Continue to provide innovative and high quality services to clients

For

per

sona

l use

onl

y

16

Environment characterised by client capital expenditure constraints, competitive conditions and client focus on costs. Calibre expects tight market conditions to continue.

Across its segments, Calibre expects growth in Consulting, consolidation of the growth achieved in Infrastructure and some moderation in Resources.

The impact of lower revenue and margins to be partly offset by cost savings and expected R&D tax benefits.

With the changes in the business mix and timing of major project delivery, Calibre expects a stronger skew to revenue and earnings in 2H15 compared to previous years.

Calibre will continue its disciplined approach to identify appropriate opportunities to diversify and grow the businesses.

We will update the market on trading conditions at the AGM on November 27 2014 in Perth.

Segments Opportunities

Market Seasonality

AGM Earnings

For

per

sona

l use

onl

y

www.calibregroup.com

Contact

CHLOE SHORTEN m: +61 409 835 358 Corporate Affairs and Stakeholder Relations

03 8621 7295 | 0409 835 358

For

per

sona

l use

onl

y