Half Year Results 2018 Investor Presentation

Managing Director & CEO - Mark Benson | CFO - Rudy Sheriff

21 February 2018

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CompanyOverview

“Saunders is a

company built on

integrity with a

commitment to

safety,

performance &

excellence”

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OurBusinessOur strong order book

is evidence that our

diversification strategy is

on track through

acquisition and organic

growth.

NSW, VIC, QLD, SA, WA,PNG, NEW CALEDONIA

28%

$43mRevenue

Distribution

Up 129%

InternationalFootprint

Revenue

Order Book

EBITDA

$48m

$1.8m

MAINTENANCEACTIVITIES

72%

(Compared to 31st December 2016)

INFRASTRUCTUREACTIVITIES

Up 26%

Up 197%

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SaundersCapabilitiesSaunders International Ltd (SND) is an ASX-listed company that provides construction, maintenance and civil engineering services to the energy, resources and infrastructure sectors.

With over 65 years experience, Saunders uses in-house expertise to deliver a comprehensive range of projects that includes design, manufacture, construction, installation and maintenance services.

Saunders is a company built on integrity with a commitment to safety, performance and excellence. Our success is driven by our ability to build strong relationships and mutually beneficial partnerships to produce positive outcomes for our clients, our people, and the wider community.

Over 47 years experience in construction, maintenance and civil engineering services.

• Bridge construction• Concrete tank construction• Bridge maintenance• Road works• Civil works• Precast manufacturing facility

Over 65 years experience as a technology leader in asset maintenance.

• Bulk liquid tank productsand technologies, upgrades,maintenance and 24/7 service

• Marine port maintenance• Commercial building maintenance• Shutdown and maintenance• Concrete repairs, waterproofing• Blasting and protective coatings

Over 65 years experience in Engineering, Procurement and Construction (EPC) for oil and gas, water and mining projects.

• SMP construction• EPC construction• Mechanical installation• Turn key solutions for bulk

liquid fuel storage terminals• Manufacture and fabrication

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Bridge Construction & Maintenance

Tank & Civil Construction

Precast Manufacture

Tank Maintenance

Wharf Repairs

Concrete Repairs

Construction

Structural Mechanical Piping

Fabrication

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Further international expansion – project in New Caledonia. Projects in PNG have commenced

Revenue up 129% on FY17 H1

Civilbuild acquisition integrated & contributing to EBIT

Order book stable

Continued expansion into mining & mineral processing sector

Mobil Oil Australia SMP and E&I project win

FY18 H1Highlights

Maintained Zero LTIFR in all groups

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OurStrategy

“To enhance our diversification strategy through engineering innovation, removing interfaces for our clients & providing value added services”

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StrategicObjectives

• Expand bridge maintenance business• Expand our geographical footprint

“Building on our foundations to deliver returns for our shareholders”

• Continue to explore partnering opportunities with our civil business• Vertical integration EPC / SMP contracting• Continue to explore the mining and mineral processing sector

• Expand our maintenance offering • Expand our geographical footprint

• Growth through our existing revenues and strategic acquisitions

• Continue to pursue international opportunities with our key clients

Engineering Construction

Asset Services

CivilBuild

New Market Sectors

Delivering to Shareholders

Execution

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$38m

$110m$133m

$149m

$216m $221m

$170m$167m

$209m

$298m $279m

Pipeline Live Tenders

Positioned forGrowth

Order Book Order Book Tenders

Recent contract wins

$15m$48m

ENGINEERING & CONSTRUCTIONASSET SERVICESCIVILBUILD

Preferred Status

$60m DEC 15

DEC 16

JUNE 17

$22m$24.5m

$46m

JUNE 16

$48m

DEC 17

DEC 15

DEC 16

JUNE 17

JUNE 16

DEC 17

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OperatingResults

Revenue - $mFY

1716

41.845.8

EBITDA - $mFY

1716

3.9

1.8

NPAT - $mFY

1716

2.8

1.4

FY18 FY18FY18

H1 42.6

H1 1.8 H1

1.0

H118.6

H120.6

H11.5

H10.6

H10.3

H11.4

FYH1Full year

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OurProjects

“Delivering project excellence enabling our clients to meet their challenges today & into the future”

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EngineeringConstruction

45%

Revenue ContributionFY18

Bulk Storage• Mobil Oil Australia• Viva Energy

Structural Mechanical & Piping• Mobil Oil Australia

Engineering Procurement & Construction (EPC)• Mobil New Guinea - Port Moresby

Mining• Lihir Gold - PNG• Evolution Mining• Vale Nickel - Noumea

Projects

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AssetServices

27%

Revenue ContributionFY18

• Contract award for maintenance of Peats Ferry Bridge with Roads and Maritime Services NSW

• Tank jacking and annular/floor replacement projects carried out in South Australia, Queensland & New South Wales

• Strong performance under the Caltex panel contract

• A number of projects awarded by key customers at Mobil Altona and Viva East Coast

• Ongoing maintenance of fender system at Port of Broome

• Bridge maintenance projects for Main Roads Western Australia

Projects

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CivilBuild

28%

Revenue ContributionFY18

• Tamworth Burrows Creek - precast bridge

• CPB Tuggerah - storm water tank

• BGC Mt Pleasant Bengalla Road - Super T bridge and culvert FRP installation

• Glencore Hebden Road and rail bridge

• St Albans Hawkesbury Council -Construction of 2 bridges

• CMC Ourimbah – Pacific Hwy expansion 3 concrete pre-cast bridges

• WestConnex - Sydney Wattle Street and Concord Road - Supply of 1051 pre-pressed concrete panels

• John Holland Rail – Martins creek precast rail bridge

• Mossvale Council – Pedestrian bridge

Projects

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PeopleInvesting in our most important asset; delivering Quality Work

Keeping our people safe

• LTIFR of 0.00 (last LTI May 2013)

• No environmental incidents

Strengthening the Executive team

• Appointed CFO

• New GM Engineering Construction with major EPC experience

• New HR Manager

Investing in our people, building capability

• One-on one supervisor coaching focussed on effective leadership for safe and efficient

construction

• Improving the back-office and IT – automation and access

• Providing support for the Leadership team

• Continuing to seek opportunities to invest in state of art equipment

Working with our Customers

• Still over 70% of revenue from long term customers

• Developing new customers with long term potential

95.55%Client Satisfaction Rating* NSW tank project for Viva Energy

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Our Outlook

“Innovation,

Excellence,

Growth”

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Our Outlook • Order book - $48m on Dec 17

• Live tenders - $221m

• Pipeline - $280m

• Solid pipeline of infrastructure projects

• Competition remains high

• FY18 H2 result dependent on new project start dates

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SIDisclaimerIMPORTANT NOTICE

This presentation has been prepared by Saunders International Limited (“Saunders”) as a summary of the Company and itsoperations and for general information purposes only.

This presentation is not and should not be considered as an offer or invitation to subscribe for or purchase any securities inSaunders, or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe forsecurities in Saunders will be entered into on the basis of this presentation.

Saunders has not audited or investigated the accuracy or completeness of the information, statements and opinions containedin this presentation. Accordingly, to the maximum extent permitted by applicable laws, neither makes any representation andneither can give any assurance, guarantee or warranty, express or implied, as to, and neither takes any responsibility andassumes liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, anyinformation, statement or opinion contained in this presentation.

You should not act or refrain from acting in reliance on this presentation material. This overview of Saunders does not purport tobe all inclusive or to contain all information which its recipients may require in order to make an informed assessment of theCompany’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself asto the accuracy and completeness of the information, statements and opinions contained in this presentation and making anyinvestment decision.

The contents of this presentation are confidential. This presentation is being provided to you on the condition that you do notreproduce or communicate it or disclose it to, or discuss it with, any other person without the prior written permission of theCompany.

The presentation contains certain forward-looking statements which have not been based solely on historical facts but, rather,on Saunders’s current expectations about future events and on a number of assumptions which are subject to significantuncertainties and contingencies many of which are outside the control of Saunders and its directors, officers and advisers.

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D I S C L A I M E R

MARK BENSONManaging Director & Chief Executive Officer

(02) 9792 2444mark.benson@saundersint.com

271 Edgar Street, Condell Park NSW 2200