Veris Limited · ASX:VRS
Veris — Shareholder Meeting (October 2022)
32 slides from Veris's shareholder meeting presentation, Oct 19, 2022
Slide 1: Annual General Meeting – Investor Update Presentation
Annual General Meeting – Investor Update Presentation Presented by: Michael Shirley, MD & CEO Steve Harding, CFO 19 October 2022
Slide 2: Acknowledgement of Country
We acknowledge Aboriginal and Torres Strait Islander peoples as the traditional owners and custodians of this land and the places on which we live and work. We respect and honour Aboriginal and Torres Strait Islander Elders past, present and future. We acknowledge the stories, traditions and living
Slide 3: Veris a trusted, leading provider of spatial data services
Veris a trusted, leading provider of spatial data services Veris Australia provides an end-to-end spatial data solution for its clients that not only includes data collection, analysis, interpretation but also data hosting and access, modelling, sharing and insights for clients with large-scale data
Slide 4: FY22 Highlights
FY22 Highlights Sale of Aqura Transformed Return to Board Technologies balance sheet profitability renewal ▪ $30m Enterprise ▪ Paid down long- ▪ $21.1m Statutory ▪ Appointment of: Value to Telstra standing corporate NPAT - Tracey Gosling debt ▪ $0.5m NPAT from (NED) & ▪ $17.2m net cash at 30 continu
Slide 5: Continued Board renewal during FY22
Continued Board renewal during FY22 Karl Paganin Tracey Gosling David Murray Brian Elton Michael Shirley Non-Executive Non-Executive Non-Executive Non-Executive Managing Director Chairman - WA Director - QLD Director - NSW Director - NSW & CEO - VIC
Slide 6: A diverse portfolio of leading and trusted clients
A diverse portfolio of leading and trusted clients Delivery of professional services across multi-disciplinary sectors 6
Slide 7: Financials
ll FINANCIALS || veris
Slide 8: FY22 Financial Highlights
FY22 Financial Highlights Sustained revenue growth 35% increase in EBITDA Return to profitability ▪ Group: $92.4m $10.0m $74.8m $77.5m o Statutory NPAT of $21.1m $7.4m ▪ Veris Australia: o $0.5m after tax profit from $0.8m continuing operations FY20 FY21 FY22 FY20 FY21 FY22 represents $16.5m improve
Slide 9: FY22 Results Summary
FY22 Results Summary Growth OVERVIEW Veris Australia Continuing FY22 FY21 FY20 rate FY21 – FY22 reflected continued execution on the turnaround Operations FY22 strategy commenced in FY20 as demonstrated by: Revenue 92.4 77.5 74.8 19.3% EBITDA 10.0 7.4 0.8 35.0% ▪ 19.3% growth in revenue in FY22 EBIT
Slide 10: Executing Our Strategy
EXECUTING OUR STRATEGY veris
Slide 11: Delivering on strategic priorities
Delivering on strategic priorities Investment in Strategy Sustainable Profit PEOPLE STRATEGIC GROWTH DELIVERY › Sustained year- on-year revenue growth › Improved margins › Lower cost base › Delivering value Our people are the We are pursuing strategic We are investing in project through spatial hear
Slide 12: Executing our strategy – Our people are at the heart of our business
Executing our strategy – Our people are at the heart of our business Women in our workforce - progress People initiatives; ▪ Attracting and retaining the best talent Representation of Women in senior ▪ Work arrangements that support diversity women in workforce leadership roles and inclusion, build
Slide 13: Indigenous participation
Indigenous participation Our alliance with Wumara Group was established to help close the gap. We’ve made meaningful, authentic progress and impact through the following initiatives: ▪ The Indigenous Surveyor Employment Pathway Program ▪ Indigenous traineeships ▪ Enhancing Indigenous cultural learni
Slide 14: Strategic growth - Accelerating growth in national key accounts
Strategic growth - Accelerating growth in national key accounts Our national key accounts focus aligns the business to clients who see value in the national presence and multi-disciplinary expertise of Veris. It’s already delivering results: ▪ Over 40% share of FY22 revenue from key clients, represe
Slide 15: Strategic growth - Our journey from surveying to end-to-end spatial data solutions
Strategic growth - Our journey from surveying to end-to-end spatial data solutions = Surveying continues to be We’ve been investing in We’ve developed Our clients are benefitting an important part of our leading-edge technology to cloud-based 3D and GIS from end-to-end spatial business perform rapid
Slide 16: Deriving value from data with key clients
Deriving value from data with key clients Our difference is we collect, hold and understand the data. ▪ Our clients need to visualise changes to assets regularly as part of operations and decision making. ▪ Our offering meets this need, by providing: ✓ 3D data capture of assets ✓ Real-time monitorin
Slide 17: Spatial data strategy progress
Spatial data strategy progress The acceleration of our pivot towards a spatial data business was a core element of our strategy. To deliver on our strategy we’ve invested in: ▪ Leading-edge technologies for rapid data capture including UAVs, LiDAR scanners and autonomous drones ▪ Cloud-based platfor
Slide 18: Video case study – 3D monitoring of Robe Coastline
Video case study – 3D monitoring of Robe Coastline Video link: https://vimeo.com/739883763
Slide 19: Our spatial data strategy in action
Our spatial data strategy in action 3D MONITORING OF ROBE STORMWATER ASSET PARADISE GORGE COASTLINE DIGITAL TWIN DIGITAL TWIN ▪ Involved LiDAR mapping of 48 ▪ Significant stormwater asset running ▪ UAV surveys, laser scanning, real- hectares of coastline. under city centre. time sensors, immersive 3
Slide 20: Delivery excellence – focusing on efficiency
Delivery excellence – focusing on efficiency We are investing in operational excellence and project management to drive efficiencies and value in project delivery. ▪ Heightened emphasis on project management ▪ Focus on internal simplicity and efficiency ▪ Establishment of a PMO to ensure company-wid
Slide 21: Pipeline & Outlook
PIPELINE & =| -— QUTLOOK veris
Slide 22: Pipeline
Pipeline Confidence in an improving trajectory underpinned by strength in a Pipeline growth growing forward workload and pipeline. Despite the current In addition to our 140 180 190 190 Healthy, unsecured Strong focus on economic uncertainty forward workload, we project pipeline has conversion of du
Slide 23: Outlook - well positioned in key markets
Outlook - well positioned in key markets Property Infrastructure Defence Growth in greenfields The wave of record-level infrastructure Ongoing investment by the residential, urban renewal and spending commitments in response to the Australian Government over the strata developments as market COVID-1
Slide 24: Q1 Update
Q1 UPDATE
Slide 25: Q1 FY23 trading update
Q1 FY23 trading update Q1 FY23 has delivered continuation of revenue growth and margin improvement Veris Australia PCP % Mvmt to Veris revenue growth Q1 FY23 (Unaudited) $M Q1 FY22 PCP $49.8m Revenue 20.8 27.8 33.6% $42.6m $38.5m EBITDA 1.4 2.9 105.7% $27.8m EBITDA Margin % 6.7% 10.3% PBT (0.8) 0.5
Slide 26: Well-positioned despite current macro-economic uncertainty
Well-positioned despite current macro-economic uncertainty Despite the current macro-economic uncertainty around a potential recession, interest rates and inflationary pressures, we are well-positioned to manage the economic headwinds. Strong balance sheet, with Diverse geographic and A unique, diff
Slide 27: Execution on strategy – consistent performance and growth
Execution on strategy – consistent performance and growth H3 H2 Digital & Spatial Deliver value through data, We are delivering on our previous H1 providing end-to-end commitments and transforming the Professional Services solutions for our clients – business. To be sustainable, we from data capture
Slide 28: Summary
SUMMARY veris
Slide 29: Summary
Summary A strongly positioned, well capitalised, simplified pure-play spatial data services business. Our strategy has been focussed on returning the business to sustainable, profitable growth and it is delivering results. Continued execution of our strategy will underpin sustained growth coupled wi
Slide 30: Appendix
Appendix veris
Slide 31: Capital Structure
Capital Structure Corporate Snapshot ASX Code VRS Share Price (18 October 2022) $0.078 Shares on Issue 523.7m Market Capitalisation (18 October 2022) $40.8m Cash at Bank (30 June) $18.2m Corporate Borrowings (30 June) ($1.0m) Net Cash (30 June) $17.2m
Slide 32: Disclaimer
Disclaimer This Document should not be considered as an offer or invitation to shall not hold Veris or its Associates liable in any such respect for the subscribe for or purchase any securities in Veris Limited (“Veris” or the provision of this Document or any other information provided in relation