Veris Limited · ASX:VRS
Veris — Shareholder Meeting (October 2024)
28 slides from Veris's shareholder meeting presentation, Oct 15, 2024
Slide 1: Veris Limited Annual General Meeting
For personal use only Veris Limited Annual General Meeting Michael Shirley, Managing Director & CEO Steve Harding, CFO 15 October 2024 1
Slide 2: Acknowledgment
Acknowledgment We acknowledge Aboriginal and Torres Strait Islander peoples as the traditional owners and custodians of For personal use only this land and the places on which we live and work. We respect and honour Aboriginal and Torres Strait Islander Elders past, and present. We acknowledge the s
Slide 3: Our Services
Our Services ▪ A deliberate pivot into higher Digital and 3D scanning, data capture, hosting storage, margin consultancy and strategic Veris: management, modelling, visualisation, and Spatial advisory services is gaining For personal use only analysis. traction A fully integrated Consulting and Due
Slide 4: A national footprint servicing a broad-based addressable market
A national Our People National footprint 450+ For personal use only servicing a broad-based People addressable Our Markets Our Values market Transport Mining & Defence Resources Property & Energy & Buildings Utilities Government 4
Slide 5: A leading client base
Defence Property Unlocking growth in For personal use only key accounts Infrastructure A LEADING Mining and Resources CLIENT BASE Building trust and mutual benefit Government Energy and Utilities 5
Slide 6: FY24 Highlights
FY24 Highlights Revenue Digital service Order Book Higher value line revenue projects share For personal use only $92.6m 17% $60m 12% Over the next 12 Increase in yoy in in FY24 in FY24 months average project $ value Cash at hand Labour cost Strategic shift One-off costs base reduced continues 16.1m
Slide 7: Financial update
7 For personal use only Financial update
Slide 8: FY24 Results Summary
FY24 Results Summary Highlights Veris Australia Underlying results $M FY24 FY23 FY22 ▪ Reduced revenue resulting from: For personal use only Continued transition away from legacy small projects Revenue 92.6 100.9 92.4 Softness in key markets; and Gross Profit Margin % 32.6% 31.4% 30.4% Resourc
Slide 9: FY24 Overview
FY24 Overview Annual Revenue & Gross Profit Margin increase D&S Revenue % 110 33.0% 18.0% For personal use only 100 16.0% 90 32.0% 14.0% 80 Gross Profit Margin % 31.0% 12.0% 70 Revenue ($m) % of revenue 60 10.0% 30.0% 50 8.0% 40 29.0% 6.0% 30 20 4.0% 28.0% 10 2.0% 0 27.0% FY21 FY22 FY23 FY24 0.0% FY
Slide 10: FY24 Overview: Operating Cash Flow and Cash
FY24 Overview Improving Operating Cash flow ratio Cash 110 9.0% $20.0 For personal use only 100 90 8.0% $15.0 Operating Cash Flow ratio % 80 7.0% 70 Revenue ($m) $10.0 60 6.0% $m 50 40 $5.0 5.0% 30 20 4.0% $0.0 10 FY21 FY22 FY23 FY24 0 3.0% FY22 FY23 FY24 $5.0 Revenue Operating Cash flow ratio Opera
Slide 11: Balance Sheet
Balance Sheet Balance Sheet Jun24 Jun 23 Overview Cash 16.1 17.3 ▪ Stable balance sheet and capital position For personal use only Debtors & WIP 18.6 19.7 ▪ Strong cash balance of $16.1m. Cash movement primarily reflects P,P&E 8.9 9.8 impact of: 12.8 16.4 $0.7m dividend payment in November; ROU Leas
Slide 12: Strategic update
12 For personal use only Strategic update
Slide 13: Delivering on strategic priorities
Delivering on strategic priorities Strong progress For personal use only despite Digital strategy Accelerated pivot to challenging Established gaining traction higher margin work consulting and and growing share with key clients conditions advisory services of revenue as a key growth offering Acquis
Slide 14: Advancing Veris' Digital Strategy
Advancing Veris’ Digital Strategy Veris continues its shift from core surveying to a fully integrated These steps culminated in Veris reaching several significant milestones in its Digital digital and spatial data advisory and consulting firm, setting us Strategy apart from competitors in unlocking
Slide 15: Digital solutions
Digital solutions RoadSiDe Digital Twins Digital Urbanism For personal use only Revolutionising road maintenance Monitor and manage assets virtually Building digital intelligence into the master planning process ▪ Rapid, safe 3D data capture of road condition ▪ Delivering connected Digital Twins usi
Slide 16: Digital strategy in action
Digital strategy in action Digital Twin Victoria Cardinia Shire Council Digital Engineering Sealed Roads Program Roadmap For personal use only ▪ Veris-led consortium one of three new partnerships ▪ An innovative digital solution by Veris. ▪ Veris wins contract to provide consultancy services to anno
Slide 17: Safety at the forefront – One safe step at a time
Safety at the forefront – ‘One safe step at a time’ Driving a Working Safely Award safety For personal use only Announced inaugural winner of our new Working Safely Award, Mitch Oake, Senior Surveyor – Engineering Survey in Melbourne. culture ‘One Safe Step at a Time’, Launched a new safety campaign
Slide 18: People, diversity and inclusion
People, diversity and inclusion Investing in our People – Our people are at the heart of our business Young Professionals Program (YPP) For personal use only Fourth annual intake. 11 new participants this year, with 45% female participation – a key milestone in tackling gender underrepresentation in
Slide 19: Indigenous participation
Indigenous participation For personal use only Alliance with Wumara Group Continue to work closely with our alliance partner Wumara Group including the Indigenous Surveyor Employment Pathway Program Achieving Indigenous Participation Targets Alliance been part of the commitment to Indigenous Partici
Slide 20: Delivery excellence – Industry Awards
Delivery excellence – Industry Awards For personal use only Hobart Rivulet Digital North-West Coast M6 Stage 1 project - Cardinia Shire Council Twin Underwater Bridge NSW Road Upgrade Project, Geospatial Enablement Award – Inspections Project Technical Excellence Award - VIC Geospatial Excellence Aw
Slide 21: Pipeline and Outlook
For personal use only Pipeline and Outlook 21
Slide 22: Pipeline
Pipeline Strong $60m Secured forward workload to be executed over the next pipeline and 12 months in excess of $60. For personal use only outlook $190m Healthy, unsecured project pipeline has a weighted value in Despite some excess of $190m. economic uncertainty, underpinned by a $ millions 190 190
Slide 23: FY24 Summary
FY24 Summary Digital strategy initiatives Veris leverages its spatial Swift and gain traction, with Digital accounting for 17% of total FY24 and advisory skillsets by meeting stated objective to target decisive … For personal use only revenues. national & regional key clients for delivery of multi-d
Slide 24: Q1 update
24 For personal use only Q1 update
Slide 25: Q1 FY25 trading update
Q1 FY25 trading update Improved financial performance underpinned by Digital strategy execution and FY24 restructuring initiatives Strong ▪ Unaudited PBT of $0.6m in Q1 FY25 For personal use only turnaround ▪ Demonstrates a strong rebound from the $1.8m underlying loss before tax recorded in FY24 ▪
Slide 26: Summary
Summary Digital Digital strategy is now yielding clear results strategy For personal use only yielding Positioned consulting and advisory services as a strategic growth engine clear results The actions taken in FY24 to restructure and reposition the business are delivering the desired impact FY25 A
Slide 27: Thank you
For personal use only Thank you A fully integrated digital and spatial data advisory and consulting firm. For more information, please contact: Investor and Media Enquiries Steve Harding Julia Maguire CFO The Capital Network (08) 6241 3333 (02) 7257 7338 communications@veris.com.au julia@thecapitaln
Slide 28: Disclaimer
Disclaimer This Document should not be considered as an offer or invitation to subscribe for or purchase any securities in Veris For personal use only 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