Slide 1: Veris
For personal use only Veris Simon THOMAS Chief Executive Officer 6th December 2016 Slide 1
Slide 2: Introduction
Introduction For personal use only Veris is the only ASX listed company (VRS) that is undergoing a growth strategy centred on consolidation Business of the highly fragmented Australian Survey industry To be the market leading planning, design, survey and spatial solutions company; renowned for Visio
Slide 3: Introduction: Corporate Snapshot
Introduction For personal use only Veris provide surveying and infrastructure services to the property, civil infrastructure, government and resources sectors Corporate Snapshot Share Price ASX Code VRS $0.35 Share Price $0.245 Maiden dividend Ordinary Shares 323m $0.30 Market Capitalisation $79m $0
Slide 4: Infrastructure Services
Infrastructure Services For personal use only History Key Markets Core Skills First formed as Ocean to Outback Electrical in Remote area infrastructure Project management 2003 by Adam Lamond. Government utilities Power generation and electrical reticulation Ocean to Outback Contracting (
Slide 5: Professional Services
Professional Services For personal use only Market Clients Rationale $3.6bn annual revenue1 National clients Mature commerciality Annual Growth 16-21 in line with CPI and International investment Strategic partnerships population migration1 Services required throughout lifespan of Ac
Slide 6: National Survey Operations and Growth Plan
National Survey Operations and Growth Plan For personal use only FY15 to FY16 FY17 to FY20 Growth Target Revenue >$150m Bolt-on EBITDA $25-30m Revenue $65-75m Acquisitions Organic EBITDA $11-13m Growth Improved Revenue $20m Earnings Revenue Platform Synergies EBITDA $4m Acquisitions EBITDA Revenue E
Slide 7: FY16 Performance - Summary
FY16 Performance - Summary For personal use only Ongoing execution of growth strategy Transition nearly complete from mining services to national professional services Acquisitions of Linker Surveying, Lawrence Group and WKC Spatial Strategic Evaluating further surveying acquisitions Comme
Slide 8: Investment Review
Investment Review For personal use only Share Price (across the survey growth) Return on Investment $0.40 $0.35 Acquisition Date Oct-14 Dec-14 May-15 May-16 Aug-16 $0.30 Purchase Price $17.0m $9.5m1 $4.4m $4.0m $5.6m Cumulative $10.5m $2.6m $2.0m $0.6m $0.6m $0.25 EBITDA Average Annual 29% 17% 30% 3
Slide 9: Financial Statistics
Financial Statistics For personal use only Veris has developed a sustainable financial model Targeting Recurring Revenue, Higher Earnings Margins Improved Conversion to Cash and Liquidity $160 $18 $16 $16 Revenue (LHS) EBITDA (RHS) Cash Flow from Operations Cash $140 $16 $14 $14 $120 $14 $12 $12 $12
Slide 10: Revenue Trend
Revenue Trend Share Price Return on Investment For personal use only Veris has developed a national customer base, providing diversification against any geographic or industry specific macro weakness Revenue by location - FY14 Revenue by location - FY16 Revenue by location – OCT YTD FY17 17% 17% 55%
Slide 11: Securing National Revenue
Securing National Revenue For personal use only Revenue Waterfall – From FY14 to FY16 ($M) – Supports the Strategy $140.0 7.5 120.2 113.1 15.6 $120.0 11.4 $100.0 - 0.0 (13.2) $80.0 (13.6) $60.0 $40.0 $20.0 $0.0 FY 14 WA Survey WA Infrastructure International QLD Survey VIC Survey NSW Survey FY 16 In
Slide 12: Focus for FY17
Focus for FY17 For personal use only Continue growth through acquisition Surveying, Organic growth – increased market share Town planning & Confidence in the public infrastructure market urban design Ongoing strength of Sydney and Melbourne property markets Focus on securing projects in co
Slide 13: Integration
Integration For personal use only Integration of our national surveying business shall be FY17 delivered in line with our Strategic Objectives FY 2017 Priorities Communicate our Vision Branding – phased approach Acquisition & Organic Growth Deploy Corporate Values Target Operating Model
Slide 14: Close
Close For personal use only Outlook National surveying strategy – currently evaluating acquisitions that complement existing market presence and scale of operations National surveying strategy – integration and collaboration Launch of Veris as a national brand Infrastructure Division (OTOC A
Slide 15: Thank you
For personal use only Thank you Simon THOMAS Chief Executive Officer 6th December 2016 – Perth Level 12, 3 Hasler Road T 08 9317 0600 Locked Bag 9 F 08 9317 0611 Osborne Park WA 6017 mail@veris.com.au Australia veris.com.au Slide 15