Ventia Services Group Limited · ASX:VNT
Ventia Services — HY25 Earnings Presentation
26 slides from Ventia Services's earnings presentation, Aug 14, 2025
Slide 1: HY25 Results Presentation
HY25 Results Presentation Dean Banks Managing Director and Chief Executive Officer Mark Fleming Chief Financial Officer Pictured: SKAO operational team, returning back to the camp facilities in Western Australia
Slide 2: Acknowledgement of Country and Mihi
Acknowledgement of Country and Mihi Ventia would like to respectfully acknowledge the Traditional Custodians of country throughout Australia and their connection to land, sea and community. We pay our respect to them, their cultures and to their Elders past and present. He tautoko te ahurea i ngā ka
Slide 3: Early intervention and proactive management of injuries
Early intervention and proactive management of injuries Employee utilisation of Workers' compensation Serious injury claims preventative health program claims reduced by reduced by 1739 Employees 5% Over last 12 months 25% Over last 12 months Over rolling 12 months 3 Pictured: Olympic Dam, South Aus
Slide 4: Consistent financial performance and sustainable shareholder returns
Consistent financial performance and sustainable shareholder returns Delivering on expectations Realising sustainable growth Delivering for shareholders NPATA growth Renewal rate1 Interim dividend declared 11.9% 95.0% 10.71cps z of 11.9% Delivered 3-year CAGR Up from 83.3% in HY22 Increased 43.4% on
Slide 5: HY25 result highlights
HY25 result highlights Total Revenue EBITDA1 $3,037.2m Decrease of 1.5% on HY24 $252.6m Increase of 2.8% on HY24 EBITDA Margin1 NPATA1 8.3%Increase of 0.3pp on HY24 $119.4m Increase of 11.9% on HY24 Cash conversion ratio1 Work in Hand 93.2% Increase of 2.5pp on HY24 $20.6b Increase of 19.4% on HY24
Slide 6: Current pipeline underpins future growth
Current pipeline underpins future growth Work won HY25 Work in Hand ($b) up 19.4% on HY24 Work in Hand profile ($b) $4.3b 20 10 15 10 5 17.3 17.5 17.2 20.6 11.0 5.1 4.5 up from $1.5b in HY24 5 0 HY22 HY23 HY24 HY25 2H25-FY27 FY28+FY29 FY30+ Strategic wins in HY25 nbn Field Defence Base Transgrid Ser
Slide 7: Customer focus: Voice of the Customer
Customer focus: Voice of the Customer We are maturing our customer model to deliver on our strategy In 2025, we launched an enterprise-wide Voice of the Over 80% of our Customer Program embedding our listen, understand, customers agree act framework that Ventia: 91% Agree we have 85% a safety-first
Slide 8: Financial Results
Financial Results Pictured: Team member from Rigs and Wells, at Olympic Dam in South Australia
Slide 9: Consistent track record of financial performance
Consistent track record of financial performance Total Revenue ($m) EBITDA1 and Margin ($m/%) NPATA1 ($m) 245.8 252.6 225.1 203.3 8.3% 119.4 3,082.5 3,037.2 8.0% 106.7 2,786.8 85.2 94.8 2,510.0 8.1% 8.1% HY22 HY23 HY24 HY25 HY22 HY23 HY24 HY25 HY22 HY23 HY24 HY25 Up since HY22 Revenue growth a solid
Slide 10: Statement of profit or loss
Statement of profit or loss Statutory P&L Underlying1 P&L $ millions HY25 HY24 Delta HY25 HY24 Delta Other income In January 2025, the Group novated the contract for Revenue 3,037.2 3,082.5 (1.5%) 3,037.2 3,082.5 (1.5%) Toowoomba Second Range Crossing (TSRC). The novation Other income 24.9 - n/a res
Slide 11: Improving margins across portfolio
Improving margins across portfolio Defence & Social Infrastructure Telecommunications Transport Infrastructure Services Revenue Margin Revenue Margin Revenue Margin Revenue Margin $1.2b 8.1% $690.6m 8.8% $772.7m 12.6% $324.5m 7.6% ▼ 6.0% ▲ 1.4 pp ▲ 9.6% ▲ 0.9 pp ▼ 1.2% ▼ 0.2 pp ▼ 5.0% ▲ 0.2 pp EBITD
Slide 12: Delivery against capital allocation framework
Delivery against capital allocation framework Maintain financial Invest to grow Maximise total strength and flexibility core business shareholder returns Cash generation Organic growth (capex % of revenue) Sustainable distribution payout 93.2% z Cash conversion up 2.5pp on HY24 1.4% Capex of $41.1m
Slide 13: Maintaining financial strength and flexibility
Maintaining financial strength and flexibility Net Debt/EBITDA continues to be at the bottom end of the range 30 June 2025 metrics ($m) Leverage Ratio1 flattening due to Interest Cover Ratio2 more than Cash on hand 324.4 buyback 3 times covenant Undrawn revolver 400.0 Total liquidity 724.4 14 13.3 1
Slide 14: Investing to grow capabilities in energy and renewables
Investing to grow capabilities in energy and renewables Acquisition of PowerNet PowerNet On 1 July Ventia acquired PowerNet, an electrical services business specialising in the design, build and installation of substations and complex electrical high voltage projects. The business provides a base in
Slide 15: Maximising total shareholder returns
Maximising total shareholder returns Reliable and growing dividends On-market buyback commenced Increasing returns to shareholders Interim dividend for HY25 Bought back in HY25 10.71cps $82.5m 1 20 Cents per share (cps) Increased 14.5% on HY24 Equates to 9.64 cents per share 2 9.64 15 Policy to payo
Slide 16: Outlook
Outlook Pictured: Ventia Facilities Management team members at Austin Health Facility, Victoria
Slide 17: Addressable market opportunity and mega trends underpin future growth
Addressable market opportunity and mega trends underpin future growth Outsourced Maintenance Services addressable market Opportunity pipeline across our sectors size Australia & New Zealand ($b)1 Defence and Digitisation and CAGR: 4.7% Government spending demand for data • The Australian Government
Slide 18: Expansion of strategic partnership with nbn
Expansion of strategic partnership with nbn Snapshot Ventia has secured ~$3.2b of new Services provided Ventia has been a strategic partner to work with nbn in the past 6 months NBN Co. since 2010, delivering end-to- end services including design, construction, on-demand deployment, field services a
Slide 19: What is Ventia's competitive advantage
What is Ventia’s competitive advantage Our strategy Our advantage Redefining Service Excellence: Ventia is the market leader: Customer Focus Trusted delivery Building enduring long-term Collective focus to improve every day strategic partnerships Innovation Industry expertise Leveraging data and ind
Slide 20: Full year 2025 outlook
Full year 2025 outlook Delivering on Realising Creating long term expectations sustainable growth value for shareholders Upgraded FY25 Guidance NPATA growth Sustainable financial growth Dividends z 10-12% +90% renewal rate 60-80% of NPATA Continued strong cash generation Growing Work in Hand to Exec
Slide 21: Disclaimer
Disclaimer This presentation is in summary form and is not necessarily complete. It should be read together with the Company’s Half Year Report 2025 lodged with the ASX on 14 August 2025 This presentation contains information that is based on projected and/or estimated expectations, assumptions or o
Slide 22: Q&A
Q&A Pictured: Member of our firefighting & rescue services team, Oakey, QLD
Slide 23: Diversified portfolio
Diversified portfolio Revenue by Revenue by Revenue by escalation customer type1 contract profile1 mechanism1 11% 7% 23% 22% 22% 58% 67% 13% 77% Public Schedule of rates Indexation Private Cost Reimbursable Annual Review Fixed price Cost Reimbursable Short term or panel arrangement2 1. Revenue by cu
Slide 24: Sectors split by end market
Sectors split by end market Diversified and resilient portfolio provides consistent financial performance Defence and Social Infrastructure Telecommunications Transport Infrastructure Services 8% 2% 11% 7% 17% 27% 36% 45% 52% 37% 30% 35% 93% Defence Resources Fixed Networks Operations and maintenanc
Slide 25: Cash flow conversion continues to improve
Cash flow conversion continues to improve Underlying HY25 $ millions HY25 HY24 Delta EBITDA 252.6 245.8 2.8% Changes in net working capital and other Cash flow conversion (17.2) (22.9) (24.9%) non-cash items Improved due to a strong focus on invoicing and cash collection 1 Operating cash flow 235.4
Slide 26: Thank you
Thank you