SRG INVESTOR UPDATEHALF YEAR ENDED 31 DECEMBER 2016

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DISCLAIMER AND IMPORTANT NOTICE

Information, including forecast financial information in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in SRG Limited or any other company. Due care and attention has been used in the preparation of forecast information. However, actual results may vary from forecast and any variation may be materially positive or negative.

Forecasts, by their very nature, are subject to uncertainty and contingencies may occur which are outside the control of SRG Limited. Before making or varying any decision in relation to holding, purchasing or selling shares in SRG Limited, investors should consider the appropriateness of that investment in light of their individual investment objectives and financial situation and should seek their own independent professional advice.

All currency is denominated in Australian dollars.

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CORPORATE UPDATE 1H FY17

Continuing to improve- LTIFR of 2.5 - TRIFR of 18.3

Critical Risk Progress Innovative Equipment

ZERO HARM Revenue up 45% on

1H FY16 NPBT up 143% on 1H

FY16 128% increase on 1H

FY16 in EPS to 7.3cps

FINANCIAL RESULT

WORK IN HAND WIH of $249m FY17 WIH of $85m $1,100m pipeline of

opportunities Positive trend

SHAREHOLDERS Cash in hand $25.9m No net debt 50% increase in

interim dividend to 3c 50% increase in FY17

share price

EXPANSION Dam Strategy SureLokTM Progress New Zealand entry Hong Kong pipeline M&A

WORK WINNING New mining contracts Dams and bridges Geotech in Civil Good progress on

Building and Services in East

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FINANCIAL PERFORMANCE

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Revenue ($M)

NPBT ($M) Work Opportunity Pipeline ($M)

35%

7%25%

25%

8%

Civil Products Mining Building Services

Revenue (%)

2.23.0

7.3

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

Dec-14 Dec-15 Dec-16

8981

118

0

20

40

60

80

100

120

140

Dec-14 Dec-15 Dec-16

Note FY15 NPBT result is pre ETP adjustment

530

30160

300

80

Civil Products Mining Building Services

$480m1,100

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FINANCIAL STRENGTH

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Cash at Bank ($M) Financial Liabilities ($M)

Dividends (cents)

12.1

4.6 4.8

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

Dec-14 Dec-15 Dec-16

25.3

19.5

25.9

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Dec-14 Dec-15 Dec-16

2.0 2.0

3.0

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

Dec-14 Dec-15 Dec-16

Earnings per share (cents)

2.43.2

7.3

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

Dec-14 Dec-15 Dec-16

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BUSINESS UNIT OVERVIEW

Solid Performance High Asset Utilisation Resolute Gold win Peabody contract Geotech expanding

MINING CIVIL

PRODUCTS

BUILDING

INTERNATIONALSERVICES

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Bridge wins Dam wins Good pipeline Focus on delivery More scale required

Excellent execution Good WIH 2H better than 1H East Coast pipeline

remains strong

High demand on East Coast

Challenging in West NSW / Qld entry Focus on recurring

revenue

Steady demand for Monitoring business

SureLokTM > 10,000 sold & good pipeline

M&A focus

Customer leverage New Zealand entry Hong Kong pipeline Tank opportunities Qatar World CupF

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WHERE WE ARE GOING

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FOUNDATION2015

Board / Executive Talent Management

Program

Cleared legacy issues

$51m contingent liability resolved

Increased WIH $900m pipeline of

opportunities

Delivered strong underlying profit result

2.5c dividend to shareholders

Develop vision / strategy

Drive Zero Harm

Right structure / capabilityDevelop brand / value proposition

Rigorous review mechanisms in place

Formalise relationships with key stakeholders

Drive improvement / efficiency

Resolve legacy issues

DEVELOPMENT2016 - 2019

MARKET LEADERSHIP2020 +

Execute strategy

Projects delivered above green sheetSecure specialised civil projects of scaleOrganic growth in target markets

Growth in complementary services / marketsSelective acquisitions to accelerate growth

Brand recognition

Zero Harm industry leaderGlobal complex service partner of choice

Strong brand

Employer of choice

ASX top 200

Consistent performance

Above market returns

Diversified international specialist contractorF

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BUSINESS STREAM FOCUS

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MININGOptimise assets and operational efficiency, cross sell additional services & drive selective growth.

PRODUCTSExpand portfolio through new product development (SureLok™, Monitoring, etc).

CIVILSecure specialised civil projects of scale in water / bridge / tanks sectors.

BUILDINGMaintain market leadership, leverage alliances & drive operational efficiency.

SERVICESDrive step change growth in infrastructure remediation through innovative specialist solutions.

INTERNATIONALGrow and expand geographical footprint through leveraging core partnerships and capability.

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OUTLOOK

Continue to leverage our diverse offering and geographic footprint

Drive scale to better leverage technical and engineering resource

Strong balance sheet and work in hand provides financial strength and security

Focusing on profitable growth across the business streams – projects not targeted solely for revenue growth

Continue investment spend on international expansion program in FY17

Progress targeted M&A opportunities to complement organic pipeline

Expect returns to shareholders to increase through revenue and profit growth in FY17 compared to FY16

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Transportation of world record capacity ground anchor

APPENDIX

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OUR BUSINESS STREAMS

Drill and Blast

Ground Support

Engineering

Technical Access

Mine Infrastructure

Underground

Open Pit

Civil

Monitoring

Remedial

Bridge Construction

Bridge Maintenance

Ground Anchors

Silo and Tank Construction

Heavy Lifting

Load Handling

Slipform

Stay Cable Systems

Remedial

Post-Tensioning

Slab on Ground

Industrial Pavements

Multistorey Post-Tensioning

Slipform

Reinforcement

Remedial

Diagnosis and Investigation

Concrete Repair

Structural Strengthening

Waterproofing

Precision Grouting

Façade Restoration

Architectural Restoration

Cathodic Protection

Specialised Services

Macalloy Bar

Concrete Canvas

Rock Mesha

Ground Support Products

Geotechnical Equipment

SureLok

Ducting

Duct Chairs

Barrel and Wedges

Castings

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OUR GEOGRAPHICAL SPREAD

Australia

Hong Kong

Indonesia

Oman

Zambia

United Arab EmiratesQatarBahrain

New Zealand

PhilippinesThailand

MalaysiaSingapore

Papua New Guinea

Sudan

LesothoSouth Africa

United KingdomIreland

ConstructionMining

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OUR PROJECT EXPERIENCE

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Drill & Blast Keepit Dam – NSW Jupiters Tower – PT Palais Theatre SureLokTM

RC Drilling Bass Point Silos Gosford Hospital Bridge Strengthening Monitoring - Indonesia

Drill & Blast Elizabeth Quay Bridge Barangaroo Loy Yang Product Manufacture

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OUR PROJECT EXPERIENCE

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Rope Access Hazelmere Dam SA Onslow Water Tanks Bermagui Jetty Manufacturing Facility

Crusher Pocket Zambia Qatar Viaduct Ruwais LPG Tank Facade Refurbishment Concrete Canvas

Slope Stabilisation Cable Stay Bridges Sydney Metro Northwest Precision Grouting Product Development

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WE SOLVE THE COMPLEX PROBLEMS THAT OTHERS CAN’TLEARN MORE ABOUT THE PROJECTS WE’VE BEEN INVOLVED IN ONLINE.

SRGLIMITED.COM.AU

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