Invest in VAST · FormSteel Holdings Limited · Capital Markets

The global construction industry has not improved its productivity in fifty years. Until now.

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The global construction industry has never been disrupted. Until now.

A USD $13 trillion annual industry. No dominant technology platform. No fixed price. No warranty. Generations of complexity, cost overruns, and insider arrangements — accepted as normal. VAST has changed that. The question for investors is not whether this market transforms. It already is. The question is whether you are part of it.

USD $13T

Annual global construction market · Your addressable base

NZD $638B

Year 10 enterprise value pathway · 37 territories

3%

Current utilisation · 97% of capacity still available to investors

ASX Y2–3

Listing target · Goldman Sachs + Morgan Stanley as target underwriters

PwC

Capital markets adviser · Confirmed and engaged

Why This Opportunity Is Rare

A proven technology. A broken industry. A clear path to scale.

The Market Problem

Construction has never delivered on time, on budget, or on warranty

USD $13 trillion per year. Industry cost overruns average 15–30%. No single company has ever solved it globally. Governments, developers, and landowners the world over are paying 44–64% more than they need to. That is the gap VAST fills — and that gap is the investor's return.

Your Position

Early entry into a global platform before the ASX listing

PwC is confirmed. ASX listing is Year 2–3. Goldman Sachs and Morgan Stanley are the target underwriters for NASDAQ in Year 4–5. Investors entering now participate in a technology platform at pre-listing valuation, with granted patents in 24 countries, 130 further inventions in the international filing process across 37 territories, a proven manufacturing base, and a NZD $638B Year 10 enterprise value pathway.

37 territories. Four continents. One proven system.

The VAST expansion is structured in four phases. Each phase opens new territories and creates new return events for investors already in the platform.

The expansion timeline.

Now

NZD $638B

Born in New Zealand. Built for the world.

FormSteel was founded in New Zealand in 1972. Fifty-four years of refinement. Patents granted in 24 countries. 130 further inventions in the international filing process. Operating at 3% of production capacity. The platform is proven. The expansion is beginning.

The expansion timeline.

Now

New Zealand · Proven at scale · 6,000m²/day production capacity

Year 2

Australia + Gulf · Two of the highest-cost construction markets on earth

Year 3–4

UK + Singapore + USA · ASX and NASDAQ listing window

Year 5+

37 territory full deployment · NZD $638B enterprise value pathway

24+130

Countries with granted patents on the FormSteel Optimised High Tensile Box Beam System

Three ways to be part of the expansion.

Pathway 01

Territory Partner

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We don’t build every building. We licence the technology to those who do. The same way ARM Holdings licences chip architecture — FormSteel Holdings licences the building platform to territory partners globally.

Tell us you’re interested. We’ll take it from there.

NZD $638B

We don’t build every building. We licence the technology to those who do.

The right conversations happen directly.

Tell us you’re interested. We’ll take it from there.

We don’t publish our investor brief publicly. The right conversations happen directly. Submit your name, organisation, and the pathway that interests you — we will contact you personally within one business day. No automated responses. No sales funnel. A direct conversation with Simon Herd, Founder and CEO.