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Investor presentation •

Civic Harmony Expansion Strategy

Public-sector infrastructure as a durable growth segment.

A growing segment

Municipal service coordination creates recurring contracts and supports the utilization of housing, financial and care capabilities. Management identifies a pipeline of eligible opportunities rather than treating prospective awards as contracted revenue. Existing performance reports support the commercial case for broader discussions.

Contract economics

Outcome-aligned agreements link payment to specified indicators. Renewal depends on the agency’s assessment of contracted delivery. Group margins benefit when multiple divisions participate in the same service network, although procurement responsibilities remain distributed among agencies and providers.

Governance considerations

The technical appendix to New Meridian’s reporting identifies matters outside the core dashboard. Further review is pending. Management distinguishes contract compliance from broader policy questions and expects independent assessment to inform later discussions. No future award is recognized as an achieved result in this presentation.

Revenue recognition

Potential municipal relationships remain in the opportunity pipeline until an agreement is executed. Management will report contracted services separately from prospective expansion. The commercial case assumes continued service reliability and does not assume that technical review findings have already been resolved.

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References & supporting documents

  1. New Meridian Residential Outcomes: Technical Appendix (2025)