Announcement PDF Sydney 1H FY2026 Results OUR BRANDS DISCLAIMER This investor presentation has been prepared by Intelligent Monitoring Group Limited (ACN 060 774 227) (IMG or the Company). It contains general information about the Company and its subsidiaries (Group) and the Group’s business as at the date of this presentation. The information in this presentation should not be considered to be comprehensive or to comprise all of the material which a shareholder or potential investor in the Company may require in order to determine whether to deal in the Company’s shares. The information in this presentation is of a general nature only and does not purport to be complete. It should be read in conjunction with the Company’s periodic and continuous disclosure announcements which are available at www.intelligentmonitoringgroup.com and with the Australian Securities Exchange (ASX) announcements, which are available at www.asx.com.au. Not an offer or financial product advice This presentation is for information purposes only and is not a prospectus, product disclosure statement or other disclosure document for the purposes of Chapter 6D or Part 7.9 of the Corporations Act 2001 (Cth) (Corporations Act) or other offer document under Australian law or the law of any other jurisdiction. This presentation is not and should not be considered, and does not contain or purport to contain, an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in the Company (Securities) nor does it constitute financial product or investment advice (or taxation or legal advice) nor take into account your investment objectives, taxation situation, financial situation or needs. 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The words "expect", "anticipate", "estimate", "intend", “likely”, "believe”, "guidance", "should", "could", "may", "will", "predict", "plan", “propose”, “goals”, “aim”, “target” and other similar expressions are intended to identify forward-looking statements. Any indications of, and guidance on, outlook, future operating performance, earnings and financial position and performance are also forward-looking statements. Forward looking statements involve inherent risks and uncertainties, both general and specific, and there is a risk that those predictions, forecasts, projections and other forward looking statements will not be achieved. Forward-looking statements, opinions and estimates provided in this presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. 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Subject to any continuing obligations under applicable law, the Company expressly disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statements in this presentation to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based. Nothing in this presentation will, under any circumstances, create an implication that there has been no change in the affairs of the Group since the date of this presentation. Third party information This presentation may contain trademarks and trade names of third parties, which are the property of their respective owners. Third party trademarks and trade names used in this presentation belong to the relevant owners and use is not intended to represent sponsorship, approval or association by or with the Company. 2 OVERVIEW • Underlying EBITDA for 1H26 $19.2m. Underlying operating cash flow for 1H26 of $9.4m +25.3%. • Underlying earnings growth of +9.3% for 1HFY26. Comprised of +34.8% growth in Australia and –47.2% in NZ. Organic growth in Australia of +8.3%. • NZ suffered a poor 1H (A$2.6m EBITDA reduction on 1H25) primarily due to a weak 1Q as it suffered a delay in new work commencing. This new work has occurred and has NZ back on run-rate from Nov 25. • Probability and time weighted revenue pipeline of $49.8m up +36% from Sept 2025 (of $36.6m), primarily from new Commercial & Enterprise Security work and accelerating ADT Guard sales • Acquisition of Tyco NZ for A$40m announced in Dec 25. Adding significant commercial scale and presence in NZ. Settlement expected by May 2026. • $36.2m cash in bank plus $35m acquisition facility available to fund Tyco NZ • Business trading to budget. On track to deliver Proforma* EPS of at least $0.062cps *Post Tyco NZ acquisition 3 Strong Financial Profile • Defensive stable recurring revenue base of approximately $8.1m per month ($7.1m monitoring and $1m service in FY25) • Strong cash generation & low leverage Scaled platform in Australasia • Customer base of over 210,000 businesses, homes, and individuals across Australia and New Zealand • Large, under-penetrated market Specialist Workforce Driving Long-Term Growth • Over 600 full-time employees across Australasia (~1,000 post Tyco NZ Acquisition) Robust Capital Markets Profile • Share market value of ~$288m • IMB is owned by investors such as Black Crane (31.1%), MA Financial (12%), Allan Gray (11%), Valdor Global (5.3%) and a range of institutions and private investors IMG TODAY: Established Scale, Accelerating Growth Opportunity Defensive, high-quality recurring revenue platform with a clear runway to accelerate growth through deeper penetration of higher-value security monitoring. 4 IMG: SIGNIFICANT DIRECT TECHNICAL COVERAGE A deep bench of licensed technical experts enabling strong execution across the Australasian market IMG Offices 5 IMG: GROUP BUSINESSES & STRUCTURE 6 Direct to Customer Partner to Industry Wholesale Provider Go-to-market brand structure supporting all customer segments, positioning the company as a market leader in a highly fragmented industry. Direct to Customer Direct to Customer Australia New Zealand Tyco NZ Post acquisition settlement GROUP VISION & VALUES To be the leader in Security and Security-related services for Businesses, Homes, Families, and Individuals in Australasia. We will do this by providing the best professional service at the best value, with the latest technology available anywhere. TRAN SPARE N CY We have the courage to be honest and share information, taking accountability for our actions. I N C LUSI VE N E SS We respect and trust one another, regardless of our differences. E XCE LLE NCE We strive to be leaders with a commitment to continuous improvement & celebrating our successes. 7 8 1HFY26 RESULT - GROUP FINANCIALS 9 Strong and improving P&L ➢ Underlying EBITDA is $19.2m, with an EBITDA Margin of 20% ➢ Underlying EBITDA growth of 9.7% ➢ Profit before Abnormal costs and Amortisation of $10.6m +35.9% ➢ Abnormal or non-recurring items of $4.6m include Tyco NZ acquisition costs, historic share grants, and accounts receivable write-off (see "EBITDA Overview" slide). ➢ Depreciation and Amortisation are significantly impacted by non-cash ADT acquisition effects (see "Depreciation and Amortisation overview" slide). PROFIT & LOSS OVERVIEW P&L Summary 1H26 1H25 Revenue $m 98.0 80.8 Underlying Gross Profit $m 36.3 30.8 Underlying EBITDA $m 19.2 17.5 EBITDA margin % 20% 22% Depreciation (and leases) $m 2.6 1.2 Operating EBIT $m 16.6 16.3 Amortisation (and customer contracts) $m 8.4 9.0 Abnormal items $m 4.6 7.6 Finance Costs $m 4.1 9.2 Tax Expense $m 2.0 -0.5 Reported Profit/Loss $m -2.4 -9.1 Profit/Loss before abnormal items and amortisation $m 10.6 7.8 9 EBITDA Reconciliation 1H26 1H25 Reported EBITDA $m 14.7 9.9 Per Statutory accounts Impairment of receivable $m 1.8 1.3 Impairments of acquired ADT receivables on review Impairment of assets $m 0 4.3 Impairment of acquired assets on review Business acquisition, integration and advisory costs $m 2.0 2.0 Various costs relating to the acquisition of Tyco NZ and costs of business restructuring activities, including some redundancies Interest income $m -0.3 -0.3 Share based expense $m 1.1 0.3 The vesting of the shares granted to the MD as part of the ADT deal has led to a non-cash increase in costs recognised in the statement of profit or loss, related to the share price. These shares are fully diluted in the share base presented Underlying EBITDA (rounded) $m 19.2 17.5 Reconciliation to Statutory accounts EBITDA OVERVIEW 10 Depreciation & Amortisation reconciliation 1H26 1H25 Depreciation & Amortisation in cost of services $m 9.0 5.3 As reported Depreciation and amortisation expense $m 2.0 4.9 As reported Total Depreciation and Amortisation $m 11.0 10.2 Split into: (per note 5 of financial report) Business depreciation $m 0.4 0.3 Core stay in business CAPEX Lease depreciation $m 2.2 0.9 Cost of leases amortised, including Motor Vehicles and property Depreciation (management accounts) $m 2.6 1.2 Subscriber assets $m 2.8 1.9 Primarily NZ ADT Care customer growth Intangible amortization (non-cash) $m 5.7 7.1 Non-cash amortization of acquired brand and customer book Amortisation (management accounts) $m 8.4 9.0 Total Depreciation and Amortisation $m 11.0 10.2 Reconciliation to Statutory accounts DEPRECIATION & AMORTISATION OVERVIEW 11 EBITDA Breakdown 1H25 1H26 % Group EBITDA $m 17.5 19.2 9.7% As disclosed Australia $m 12.0 13.0 8.3% Organic Growth Acquisition earnings $m 0 3.3 WAPL, BNP & full period of DVL New Zealand (A$) $m 5.5 2.9 -47.2% Poor Q1 (see slide) +8.3% underlying organic growth in Australia – driven by growing pipeline of commercial work and increasing sales of ADT Guard. DIVISION PERFORMANCE 12 Q1 reflects a slower decision-making environment in a slower economy. ➢ Q1 saw an expected slow-down of works for a major customer, but an unexpected delay in the start-up of major works with several new customers. ➢ This resulted in lower one-off revenue for a couple of months and under-utilisation of our technical base ➢ Overall, new work has been building, and the economic environment appears to be gradually lifting. ➢ NZ has had its first criminal deterrence with ADT Guard, and has begun rolling out Guard to its first national customer ➢ The first 3G networks have begun to be shut down, and when complete will allow the business to focus its energy on growth, rather than from migrating existing customers. ➢ The acquisition of Tyco NZ & Red Wolf will help deepen the NZ business and reduce this type of volatility in the future. NZ PERFORMANCE 13 $564,580 $219,190 $377,161 $453,674 $535,864 $806,417 $840,000 JUL AUG SEPT OCT NOV DEC JAN NZ EBITDA MONTHLY (JUL 25 - JAN 26) 14 Stable, strong balance sheet ➢ Cash position of $36.2m (pre-Tyco NZ settlement) ➢ Gross Secured Debt of $86.4m, Adj Net Debt of $50.2m. ➢ Net Debt to Adjusted FY25 EBITDA of 1.3x ➢ Debt: Acquisition facility of $35m is available to fund $40m purchase of Tyco NZ. ➢ Core working capital lifted by $2.2m in anticipation of strong growth (driven off a growing pipeline) in the 2H. BALANCE SHEET Balance Sheet Summary FY26 FY25 Cash $m 36.2 24.0 Receivables $m 27.6 28.7 Inventory $m 9.3 9.0 Property, Plant & Equipment $m 23.4 22.9 Goodwill $m 90.6 87.1 Other Assets $m 19.8 16.9 Total Assets $m 207.1 188.5 Accounts Payable $m 27.1 30.0 Debt $m 86.4 83.5 Other liabilities $m 43.9 42.9 Total Liabilities $m 157.4 156.5 Equity $m 49.7 32.1 14 15 Business generates strong underlying operating cashflows ➢ The business generated an underlying operating cash flow of $9.4m pre-non- recurring costs +25.3%. ➢ 1H26 included non-recurring cash items of $2.0m ➢ Include acquisition and equity raise costs of $1.5m ➢ General restructuring costs of $0.5m ➢ Investing activities of $12.0m. ➢ $9.1m of this relates to the acquisition of Western Advance, BNP securities, and the clean-up of the Mammoth Security subsidiary. ➢ $400K was Stay in Business CapEx ➢ $3.9m was investment in Subscriber Assets for NZ Medical Fleet and 3G Shutdown ➢ Received $1.4m in bank guarantees. CASHFLOW OVERVIEW 15 Cashflow Summary FY24 1H25 2H25 FY25 1H26 Operating Cashflows $m 8.1 1.9 8.7 10.6 7.4 Non-recurring costs* $m 12.7 5.6 11.2 20.5 2.0 Operating Cashflows before Non-recurring costs $m 20.8 7.5 19.9 31.1 9.4 Investing Cashflows $m 61.7 22.4 10.9 33.3 12.0 Includes Acquisitions^ $m 43.2 17.2 5.7 22.9 9.1 Capex $m 18.5 5.2 5.2 10.4 4.3 Stay in business $m 1.5 0.5 1.5 2.0 0.4 Subscriber $m 17.0 4.7 3.7 8.4 3.9 * Acquisition and restructuring costs ^ WAPL and BNP 15 GROUP STRATEGY & GROWTH CORPORATE STRATEGY 17 Developing a unique comparative advantage 1. Invest in our monitoring platform & people 1 2. Unique scale, reach and technology attracts large-scale customers and industry partners 3. Improves profitability and cashflow 4. Reinvested into growing our comparative scale advantage and rewarding our stakeholders 2 4 3 SIGNIFICANT OPPORTUNITY FOR GROWTH 18 12.9 million ~7% have monitored intrusion alarms ~ A$2.3bn electronic security market 1.2 million AI Perimeter Security Penetration? A$9bn Total Security Market IMG COMPETITIVE ADVANTAGE These advantages, built on scale and company values allow us to deliver proactive, intelligent security solutions that set our brands apart across Australasia. 19 Reach - National Coverage Extensive presence across both Australia & NZ ensures a unique and consistent service delivery, rapid response, and support for multi-site clients. Trust - Standards-Driven & Certified IMG is looking beyond compliance - leveraging our industry leading ISO 9001, ISO 14001, ISO 45001, ISO 27001, NZSA, PSR and ASIAL-certified frameworks not just as benchmarks, but as active systems to deliver the most trusted outcomes in quality, safety, and data protection. Solutions - Advanced Monitoring Capability Our scale allows us to invest in AI-powered video analytics, remote monitoring, and virtual guarding - backed with unique A1/R1A certified monitoring centres. Strengthening competitive advantage through highly accredited, compliance- driven operations that elevate credibility and trust BUSINESS UNDERPINNED BY MONITORING AND SERVICE REVENUES New customers typically convert into long-term, recurring revenue relationships through ongoing monitoring, service contracts, and system upgrades. 20 New Installation Services & Maintenance New Work - Existing Customer Upgrades Monitoring FY25 Revenue Contribution 10% 18% 15% 12% 45% A typical customer revenue cycle Customer Lifetime: ➢ Residential & Small to Medium Business – 7yrs ➢ Commercial & Enterprise – 15 yrs 25% 5% 22% 23% 10% 15% Secured Pipeline Distribution by Sector Airport/Transport Construction/Manufacturing Data center Education/Health Finance Mining/Resources $36.6m FY26Q2 21 $49.8m Secured Pipeline FY26Q1 +36% 36% QoQ PROBABILITY WEIGHTED COMMERCIAL PIPELINE GROWTH 21 22 VIDEO MONITORING GROWTH MOMENTUM • Video Lines have gained significant traction since launch in early FY25Q3, with FY26Q2 delivering the strongest quarterly result to date. • Momentum accelerated through the final quarter, supported by increased customer demand and broader adoption of the solution across key segments. • AU Video penetration within the IMG database expanded from 0.17% to 0.65% of total lines, reinforcing growing market awareness and the proven effectiveness of the offering. • We are currently expecting approximately 14% quarter-on- quarter growth in Video Lines. >40 Confirmed arrests have been made—swift, efficient, and effective. Police respond faster to verified events, equipped with critical video evidence >15 On average each month, attempted burglaries are prevented before they occur—saving our customers thousands in potential damages and asset losses. Demonstrated Customer Success and Traction 18% 14% 140% Q3 FY 25 Q4FY25 Q1FY26 Q2FY26 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 200% Video Monitoring Line Growth in AU Launched 22 1H has averaged 43% of FY EBITDA since owning ADT – due to commercial installation timing throughout the year (which peaks into June) EARNINGS BY HALF YEAR – 1H AVERAGE 43% 41.0% 59.0% 45.3% 54.7% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 1H24 2H24 1H25 2H25 % OF IMG ANNUAL EBITDA SINCE PER HY (2024 & 2025) 23 Reported result for FY26 will depend on settlement timing of Tyco NZ – but underlying trading of business is on track with guidance GUIDANCE IMB FY26 Guidance build-up Bottom Top Underlying EBITDA guidance (AGM) $m 43 47 Plus: Tyco NZ Proforma EBITDA contribution $m 10 10 = Proforma* EBITDA $m 53 57 = Proforma* NPAT (adj) $m 26 29 = Proforma* EPS (adj) $m 0.062 0.07 24 * Proforma = the expected result following a full year of the Tyco NZ acquisition 1H26 SUMMARY ➢1H26 a solid half with a significant increase in pipeline and forward indicators. ➢NZ business suffered slower than expected project starts. The acquisition of Red Wolf will allow further scale and diversity, helping ensure consistency into 2H26 and beyond. ➢Since Jan 2025, IMG (through ADT Guard and working with its Business partners and bureaus) has apprehended over 40 criminals with the police, while deterring even more events. IMG is focused on leading the use of remote and live video guarding to help keep Australians and New Zealanders safe. ➢The Commercial pipeline has grown strongly (+36%) quarter on quarter, with some significant new relationships developed. ➢IMG affirms it is on track to deliver a proforma EPS (adj) of >$0.062cps for FY26. 25 26 Strong and robust business Business has transformed in the past 3 and ½ years. • Refinanced to NAB with senior debt (in FY25) • Gearing is at the low end of industry norms • EBITDA of >$43m expected for FY26 and >$53m proforma* • Underlying organic growth rate of +8.3% in 1H26 (+8.2% FY25) – supplemented with strategic acquisitions * Acquisition, refinancing, and restructuring costs ^ AAG, ACG, DVL and KOBE # All Capex inclusive of business use PPE CONCLUSION Financial Summary 1H23 (annuali sed) FY24 FY25 Proforma* Share price $m 0.127 0.43 0.585 0.70 Cash $m 2.7 26.0 24.1 36.2 Gross Debt $m 31.6 80.0 85.0 120.0 Net Debt $m 28.9 54.5 60.9 83.8 Shares Outstanding M 131 330 388 421 Market Value $m 17 142 227 295 Economic Value $m 46 197 288 379 EBITDA $m 5.3 34.8 38.6 53.0 EV:EBITDA 8.6 5.6 7.5 7.1 ND:EBITDA 5.5 1.6 1.6 1.6 26 * Proforma = the expected result following a full year of the Tyco NZ acquisition 27 Get in touch Dennison Hambling Managing Director dhambling@theimg.com.au +61 418 173 232 Shenin Singh Head of Business Intelligence ssingh@theimg.com.au +61 437 953 017 27