Slide 1: FY23 Results
FY23 Results Michael Shirley, Managing Director & CEO Steve Harding, CFO 28 August 2023 1
Slide 2: Delivered on strategic priorities
Delivered on strategic priorities What we said we’d do FY23 Outcomes Delivered profitable result for Veris’ core Return the business to profitability digital and spatial services offering YOY margin growth in EBITDA, EBIT and Increase margins PBT Strong capital base of $17.3m cash and term Maintain
Slide 3: Results Highlights
Results Highlights Continuing to do what we said we’d do Profit before Revenue CAGR Reinstating Final Tax Revenue Dividend $1.1m $100.9m 10.5% p.a. 0.15 cps Up from $0.1m in FY22 Up from $92.4m in FY22 Since FY20 Delivered out of operational performance Cash balance Cash From Share buy-back Order Bo
Slide 4: Executing on our strategy
Executing on our strategy Returning the business to sustainable, profitable growth Spatial Data Operational Investing in our Unlocking growth Strong strategy progress Excellence People in key accounts Pipeline & outlook Ongoing development of A proficient management Young Professionals Concentrated
Slide 5: Business Overview
Business Overview 5
Slide 6: Veris – a trusted, leading provider of spatial data services
Veris – a trusted, leading provider of spatial data services Company Profile Our Services 3D scanning, data capture, hosting 550+ 15 Offices DIGITAL & SPATIAL storage, management, monitoring, modelling, AI, visualisation and analysis. People across Civil construction and engineering ENGINEERING surv
Slide 7: Unlocking growth in key accounts
Unlocking growth in key accounts Building trust and mutual benefit Property Defence A leading Infrastructure Mining and Resources client base Government Energy and Utilities 7
Slide 8: Investing in leading-edge technologies
Investing in leading-edge technologies Our leading-edge technologies enables the rapid and safe capture of high-quality 3D data Upgraded and Mobile laser Terrestrial 3D Ground Hydrographic expanded fleet of scanning laser Penetrating services drones scanning Radar Through our expert team we derive v
Slide 9: Expanding our value proposition to clients
Expanding our value proposition to clients Our strategic move to integrate data and digital solutions across our service offerings positions Veris at the forefront of spatial innovation RoadSidE Revolutionising road maintenance Data hosting, visualisation & analysis Manage data for Greenfields Prope
Slide 10: Turning data value into revenue
Turning data value into revenue Our high-value services that transform data into revenue are gaining traction, aligning strongly to our clients' growing demand for rapid digitisation of their assets and smarter decision-making. Digital Transformation of clients’ industries through Analytics and AI s
Slide 11: FY23 Financial Results
FY23 Financial Results 11
Slide 12: FY23 Results Summary
FY23 Results Summary Growth Highlights Veris Continuing Operations FY20 FY21 FY22 FY23* rate % Revenue 74.8 77.5 92.4 100.9 9% ▪ Underlying profitable result for Veris’ core digital and Gross margin % 24.1% 29.0% 30.4% 31.4% spatial services offering for the first time EBITDA reported 0.8 7.4 10.0 1
Slide 13: Balance Sheet
Balance Sheet STRONG BALANCE SHEET TO UNDERPIN CONTINUED STRATEGY EXECUTION Balance Sheet Jun 23 Jun 22 Overview Cash 17.3 18.2 ▪ Cash at bank and term deposits of $17.3m Debtors & WIP 19.7 22.0 ▪ Strong focus on working capital management P,P&E 9.8 7.2 ▪ Intangible assets represent internal R&D spe
Slide 14: Cash Flow
Cash Flow 68% INCREASE IN CASH FLOW FROM OPERATIONS $m FY23 FY22 Overview Receipts from customers 113.2 112.3 ▪ Focus on working capital management delivered Receipts from Govt Grants - 1.6 increased cash flow from operations Payments to suppliers & employees (104.3) (108.6) Cash generated from oper
Slide 15: FY23 Financials Overview
FY23 Financials Overview 120.0 33.0% 11.0 31.0% 100.0 9.0 29.0% 7.0 Gross margin % 80.0 Revenue ($m) 27.0% 5.0 $m 60.0 25.0% 3.0 23.0% 40.0 1.0 21.0% 20.0 (1.0) FY21 FY22 FY23 19.0% (3.0) - 17.0% FY20 FY21 FY22 FY23 EBITDA Underlying EBIT PBT Revenue Gross Margin % 12.0% Profit Before Tax 1.1 10.0%
Slide 16: Areas of financial performance
Areas of financial performance Focus on Project Management Improvements translating to Performance Gross Margin Revenue Net project write-ups per hour per hour increasing 10.9% 9.1% 63% FY22 – FY23 FY22 – FY23 FY22 – FY23 Functional Support D&S Gross Cash flow Overheads Margin from Ops 3.5% 2.5% 68%
Slide 17: Capital Management & Returns to Shareholders
Capital Management & Returns to Shareholders Strong capital management enabling us to pursue a range of operational and strategic priorities whilst delivering returns to shareholders Shareholder Transformational Continued operational Returns Opportunities efficiencies Full year dividend M&A opportun
Slide 18: Outlook
Outlook veris
Slide 19: Pipeline
Pipeline Despite Pipeline economic headwinds we have maintained a consistent and In addition to forward Secured forward strong pipeline workload is in excess of workload, we and outlook $55m to be executed anticipate ongoing project variation and underpinned over the next 12 direct assignment months
Slide 20: Market outlook
Market outlook Property Defence Ongoing investment by the Underlying market fundamentals Australian Government over remain sound in the medium to the coming decade in new and longer term. upgraded Defence capabilities. Infrastructure Mining and Resources Outlook Major transport infrastructure Contin
Slide 21: Summary
Summary Demonstrated financial progress Delivering a profit, strong capital management and re-instating final dividend. Team-driven achievement Transformation to current standing underscores the dedication of our exceptional team. A sustainable-base We have rebuilt the base to ensure a sustainable o
Slide 22: Corporate Snapshot
Corporate Snapshot A strongly positioned, well capitalised, pure-play spatial data services business Corporate Snapshot ASX Code VRS Share Price (25 Aug 2023) $0.078 Shares on Issue 512.8m Market Capitalisation (25 Aug 2023) $40.0m Cash and Terms Deposits (30 Jun) $17.3m Board Karl Paganin Non-Execu
Slide 23: Disclaimer
Disclaimer This Document should not be considered as an offer or and agents (‘Associates’) disclaim all liability, direct, indirect or invitation to subscribe for or purchase any securities in Veris consequential (and whether or not arising out of the negligence, Limited (“Veris” or the “Company”) o
Slide 24: Contact Us
Contact Us Investor and Media Relations enquiries: Steve Harding Phone: (08) 62431 333 Email: communications@veris.com.au Ben Larsen Phone: +61 (0) 439 789 842 Email: benl@nwrcommunications.com.au 24