Veris Limited · ASX:VRS
Veris — Shareholder Meeting (November 2019)
13 slides from Veris's shareholder meeting presentation, Nov 25, 2019
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 25 November 2019 Slide 1
Slide 2: FY19 brief overview
FY19 brief overview For personal use only Revenue of $125.9m, up by $19.1m. Net debt position improved by $2.4m to $18m. Strong growth in net operating cashflow to $6.2m (FY18: ($0.1m)). Achieved costs reductions of circa $3m on an annualised basis. Refreshed executive team. Invested in
Slide 3: FY2019 financial dashboard
FY2019 financial dashboard For personal use only FY19 FY18 Revenue $125.9m $106.8m Underlying EBITDA $6.5m $11.2m Operating cash flow $6.2m ($0.1m) The Metro Tunnel Project, Melbourne, VIC Net debt $18.0m $20.4m • Earnings impacted by gross margin delivered by Veris Australia. • Improved net debt po
Slide 4: Veris Australia delivers significantly improved margins – Q1 FY20
Veris Australia delivers significantly improved margins – Q1 FY20 For personal use only Veris Australia Q1-2020 PCP % Change Veris Australia comparisons to PCP and Revenue $23.2m $24.8m (6.5%) FY19 Veris Australia’s EBITDA for Q1 - FY20 of $2.3 million (unaudited) is a significant improvement EBITDA
Slide 5: Sale of Elton Consulting
Sale of Elton Consulting For personal use only • Executable and efficient transaction • Proceeds from sale resets Veris Balance Sheet for future growth Repositioning • Refines focus on major revenue drivers Veris Australia and Aqura the business Structure Sale of 100% of the shares in Elton Consulti
Slide 6: Sale of Elton Consulting
Sale of Elton Consulting For personal use only RESULTING IN: A strong Balance Sheet for Veris with total debt reduced by $8.0m to $12.9m and core debt (non HP debt) reduced to $5.6m. Repositioning Veris portfolio for continued future growth. Focus on Enabling Veris to strongly focus on its national
Slide 7: Veris Australia – focusing on our core business
Veris Australia – focusing on our core business For personal use only Revenue by service Revenue by market Market outlook Committed forward pipeline for 2% 2% 6% 6% infrastructure investment of over $200b. 1% 17% 29% By 2034, population is projected to grow 23.7% to reach 31.4m. QLD government
Slide 8: Leading industry thought leaders advisory group
Veris Australia has preeminent professionals within the business that are recognised industry leaders across the spatial and surveying industry. For personal use only These professionals represent Veris and the surveying and spatial Leading industry industry on state and national boards including:
Slide 9: Showcasing our capabilities – digital and spatial services
Showcasing our capabilities – digital and spatial services For personal use only Metrology and Reverse Engineering Data Capture (aerial, hydrographic, laser scanning) Benefits Benefits • Quality control • Less downtime • Fast and cost effective • Minimise re-work • Real-time data • Reduce manufactur
Slide 10: Delivery excellence driving long term client relationships
Delivery excellence driving long term client relationships Surveying Digital and spatial Development For personal use only Source: theurbandeveloper.com Source: abc.net.au Flagstone City, QLD Perth Airport, WA Major Iron Ore projects, WA Ellenbrook development projects, WA 7+ years 25 years 25+ year
Slide 11: Aqura Technologies
Aqura Technologies For personal use only Overview and achievements Aqura provides specialised industrial communications technology solutions to blue chip Revenue organisations. 19% Solid organic revenue and EBITDA growth in FY19. $15m Continued revenue growth expected in FY20, with a strong se
Slide 12: Summary and outlook
Summary and outlook For personal use only Key Outlook achievements Strengthened the balance sheet. Continue to focus on our core business. Re-position the business to focus on core Increase our focus on national client service service offering in Veris Australia. offering – streamlining our
Slide 13: Disclaimer
Disclaimer For personal use only This Document should not be considered as an offer or invitation to subscribe for or purchase any securities in Veris Limited (“Veris” or the “Company”) or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for