MAAS Group (MGH) Investor Presentation summary

Guidance and financial outlook

• FY25 underlying EBITDA guidance reaffirmed at $215m–$245m, driven by project milestones, weather, and land sales timing.

• Asset recycling proceeds for FY25 expected to exceed $100m, with sales at or above book value.

• Construction Materials segment contributed 42% of 1H25 underlying EBITDA, the largest among business units.

Business strategy and growth drivers

• Aggregate-led strategy centers on high-quality, long-life, strategically located quarries.

• Multiple growth levers include renewable energy transition, residential recovery, and infrastructure pipeline.

• Organic growth through increased production, digital systems, and operational excellence.

• Disciplined M&A continues to augment organic growth, with 22 acquisitions since IPO.

Construction materials platform and integration

• Integrated model spans quarries, concrete, asphalt, recycling, and materials testing.

• Defensive portfolio with high barriers to entry and recurring revenue across product cycles.

• In-house testing and geotechnical services support quality and acquisition due diligence.