Message from the Managing Director

The first half of 2022 has been a busy and exciting one for ResourceCo. The strong performance of our business pillars continues to support growth plans with massive capital investments in place for 2023 and beyond. We are excited about the expansion of our operations, building on decades of experience. Our Recycling and Waste business is building new plants across Australia, further strengthening ResourceCo’s capabilities to recycle more construction and demolition waste. We have always explored the opportunity to take on new waste streams and transform them into usable products. We are currently building a new glass recycling plant in SA with the capacity to recycle over 30,000 tonnes of waste glass annually, will be commissioned in December this year, with the capability to produce recycled 5 mm glass sand, which can be used in asphalt production and various civil applications. Tyrecycle, ResourceCo’s tyre recycling business has ambitious expansion plans in place across Australia with a new facility planned for WA in 2023. Whilst there is enormous opportunity for us to grow Australia’s tyre recycling capabilities and demand for recycled products, there is much to be done in the form of policy consistencies and setting bold procurement targets. As the industry matures, procurement targets set by state and federal governments will help establish Australia’s demand for recycled rubber products. Our capability to offer 100% circular products across a range of waste streams, is unique to ResourceCo’s business model. To complement our product offering, the Material Solutions business is well placed as a reliable preferred partner, throughout our business network to support the exponential growth of the infrastructure industry. Our work on the North East Link Project, is delivering one of Victoria’s most significant project work whilst our business in NSW is gearing up to support the growing demand. As the world rapidly moves towards net zero commitments by governments and organisations, we have seen a massive interest in our Waste to Energy business. The growth is this sector will not only ensure that residual waste is given new life, but also generate a great source of alternate fuel. Our new plant in Hemmant, Queensland in operation next year, will be well placed to support net zero aspirations with sustainable, circular outcomes. In Asia we see a similar trend with heavy industry creating an increased demand for alternate fuels. ResourceCo continues to be at the forefront of ‘Sustainability Transformation’ and at our very heart is that a sustainable business benefits everyone - our customers, our partners, and the planet. We have elevated our approach to sustainability and launched the first Sustainability Report for the year ending December 2021. Our efforts have been recognised with us listed as one of The Australian Financial Review’s Sustainability Leaders for 2022, and awarded the special distinction of Category Winner, Resources, Energy & Utilities. Our success is only as strong as our people who deliver results every day. The ResourceCo family of over 900 people work together with the shared belief that waste is a valuable resource. The entrepreneurial spirit of our workforce will continue to break new ground making real change.

Simon Brown Managing Director, ResourceCo