Slide 1: Verbrec - evolution engineered
OYverbrec evolution engineered
Slide 2: Disclaimer
Disclaimer This presentation contains certain statements and forecast provided by or on behalf of Verbrec Limited. Any forward-looking statements reflect various assumptions by or on behalf of Verbrec. Accordingly, these statements are subject to significant business, economic and competitive uncert
Slide 3: H1 FY2025 Highlights
H1 FY2025 Highlights $131M $40M Higher period-on-period Unweighted opportunities Work in Hand at $40 Third sequential profitable gross margins, establishing at $131 million, $31.8 million, $3.4 million higher period. Foundations another multi-year high. million higher than than published at October
Slide 4: Core team members, markets and purpose
CORE 3 400 Team Members MARKETS ENERGY MINING INFRASTRUCTURE servicing 3 Australia TRANSITION MARKETS GAS MARKET SUSTAINABLE ELECTRIFICATION / ENERGY STORAGE New Zealand Papua New Guinea TRANSITION MINING Pacific Islands Through strong relationships built on 1 trust, Verbrec enables a PURPOSE Sustai
Slide 5: Our valued Relationship Clients
Our valued Relationship Clients Infrastructure & Defence Mining & Minerals 20 KEY ACCOUNTS 43 MULTI-YEAR PANEL AGREEMENTS 14 Energy & Utilities Energy & Utilities MULTI-YEAR OPERATIONS CONTRACTS 5
Slide 6: How we create value
HOW WE CREATE VALUE: FULL LIFE CYCLE SERVICES Providing services across the full life cycle of an asset, from concept to commissioning and beyond. SUSTAINABLE FOCUS Enabling energy transition through capability driven engineering and training services, aligned with client and government investment i
Slide 7: Verbrec Financial Highlights
Verbrec Financial Highlights 7
Slide 8: Financial Commentary - Profit & Loss
H1 FY2025 Financial Commentary STATEMENT OF PROFIT & LOSS Financial Highlights for H1 FY2025 ✓ Third consecutive profitable period since H1 H2 H1 appointment of new management team in 2023. FY2025 FY2024 FY2024 ✓ Higher period-on-period gross margins, Revenue $42.8 m $43.4 m $50.0 m establishing ano
Slide 9: Financial Commentary - Financial Position
H1 FY2025 Financial Commentary STATEMENT OF FINANCIAL POSITION ($M) 31-DEC-24 30-JUN-24 Financial Highlights for H1 FY2025 ✓ Balance sheet continues to strengthen. Cash and cash equivalents 4.5 4.6 Trade and other receivables 11.8 13.7 Prepayments 2.6 1.6 ✓ Stable cash position. Contract assets 3.3
Slide 10: H1 FY2025 Financial Highlights
H1 FY2025 Financial Highlights Profit & Loss Balance Sheet Loan Debt & Cash REVENUE COST OF GROSS TOTAL TOTAL OWNERS LOAN DEBT CASH AT FINANCE SALES PROFIT ASSETS LIABILITIES EQUITY (BORROWINGS) BANK EXPENSE 60.0 60.0 8.0 6.6 47.7 45.9 50.0 50.0 6.1 43.4 42.8 6.0 40.0 40.0 4.6 4.5 28.5 27.4 27.0 30.
Slide 11: NPAT to Adjusted EBITDA
H1 FY2025 Financial Highlights NPAT TO ADJUSTED EBITDA ($’000) ADJUSTED EBITDA ($M) 5.1 H1 H2 H1 FY2025 FY2024 FY2024 5.0 NET PROFIT AFTER TAX 793 1,820 181 4.0 3.7 4.0 Discontinued Operations - 40 2,766 FX Gain / (Loss) 68 40 (92) Interest 398 436 579 D&A 1,808 1,667 1,707 3.0 Tax Benefit - (224) (
Slide 12: Adjusted EBITDA Bridging Graph
H1 FY2025 Financial Highlights 5.1 Adjusted EBITDA Bridging Graph (2.3) 5.0 0.6 (0.1) 0.1 (0.4) 4.0 (0.2) 0.2 4.0 3.7 0.8 3.0 $ millions 2.0 1.0 0.0 H1 FY2024 Impact of Margin Overhead Growth H2 FY2024 Impact of Margin Overhead Growth H1 FY2025 Revenue Improvement Reduction Expenditure Revenue Impro
Slide 13: Verbrec Outlook
Verbrec Outlook Overall Remainder FY2025 Weighted Forward Pipeline Weighted Forward Pipeline $139.7 million $46.9 million made up of: made up of: Opportunity Pipeline Opportunity Pipeline $131.0 million $20.7 million FY2024 Tender Win Rate (TWR): 36.0% FY2024 Tender Win Rate (TWR): 36.0% Repeatable
Slide 14: Revenue Source Statistics
H1 FY2025 Revenue Source Statistics % of Revenue MULTI-YEAR AGREEMENTS H1 FY2024 42% 9% 49% H1 FY2025 41% 12% 47% Multi-Year Panel Agreements Multi-Year O&M Agreements Project / Other Revenues INDUSTRIAL SECTORS H1 FY2024 62% 23% 15% H1 FY2025 68% 22% 10% Energy, Chemical & Manufacturing Infrastruct
Slide 15: Verbrec Delivers Energy Security
Verbrec Delivers Energy Security 15
Slide 16: Electricity consumption from the grid to nearly double by 2040
Electricity consumption from the grid to nearly double from 174 TWh to 275 TWh by 2040 Electricity Consumption Coal Capacity 300 25 250 20 200 15 Gigawatts TW/h 150 10 100 5 50 0 0 2020 2025 2030 2035 2040 2020 2025 2030 2035 2040 Electricity Consumption (TWh) Coal Capacity (GW) 16 Source: AEMO 2024
Slide 17: Flexible and peaking gas demand to increase by 2040
Flexible and peaking gas demand to increase to over 14GW by 2040 whilst mid-merit gas retires Flexible & Peaking Gas Demand Mid Merit Gas Demand 16 5 4.5 14 4 12 3.5 10 3 Gigawatts Gigawatt 8 2.5 2 6 1.5 4 1 2 0.5 0 0 2020 2025 2030 2035 2040 2020 2025 2030 2035 2040 Flexible & Peaking Gas Demand Co
Slide 18: Storage capacity to increase to 22GW by 2040
Storage Capacity to increase to 22GW by 2040 Battery Storage Workforce needs for Australia’s Battery 25 Infrastructure 12000 20 10000 15 8000 Gigawatt # of Jobs 6000 10 4000 5 2000 0 0 2025 2030 2035 2040 2025 2030 2035 2040 Battery Storage Full Time Equivalent 18 Source: AEMO 2024 Integrated System
Slide 19: Growth
Growth ORGANIC GROWTH GEOGRAPHIC EXPANSION ENERGY TRANSITION STACKSON Leveraging our capability and the AEMO 2024 Integrated System Plan StacksOn functionality continues to be Verbrec continues to expand its talent of our people, by focusing on the predicts $122 billion in annualised enhanced, provi
Slide 20: Verbrec's Partnership Model
2 Verbrec’s Partnership Model 0 Adding value to every stage in the lifecycle of an asset ENGINEERING CONSTRUCTION ASSET MANAGEMENT OPERATIONS END OF LIFE 1 2 3 4 5 VALUE-ADD CONSTRUCTION & ASSET OPERATIONS & END OF LIFE & ENGINEERING COMMISSIONING MANAGEMENT MAINTENANCE DECOMISSIONING Verbrec is pos
Slide 21: Value Add Engineering - Partners for a Sustainable Future
Value Add Engineering Verbrec partners for a Sustainable Future Hydroelectric feasibility studies in the Pacific region Verbrec is supporting the Pacific Region to secure reliable renewable energy sources by delivering four pre- feasibility studies for hydroelectric solutions. Verbrec’s participatio
Slide 22: Value Add Engineering - Designs Energy Solutions
Value Add Engineering Verbrec Designs Energy Solutions FEED project for Major Network Connecting Pipeline Verbrec’s engineering team have been awarded the Australia’s current largest onshore gas Front-End Engineering project for Australia’s major network connecting onshore gas pipeline. The delivery
Slide 23: Constructs and Installs Energy Infrastructure
Construction & Commissioning Verbrec Constructs and Installs Energy Infrastructure Verbrec completes EPC metering stations project at Snapper Point, SA Verbrec provided a turnkey solution to Epic Energy for this important energy security project, including concept study, FEED, Detailed Design, Procu
Slide 24: Provides Asset Management Solutions
Asset Management Verbrec Provides Asset Management Solutions Verbrec provides Asset Management services for Origin Eraring BESS Project Verbrec provides operational readiness services to support the ongoing construction of Australia’s largest approved battery storage project. All three stages of the
Slide 25: Operates Energy Assets
Operations & Maintenance Verbrec Operates Energy Assets 3-year operations and maintenance contract for Cape Preston Pipeline Verbrec awarded its first multi-year gas pipeline operations contract in Western Australia. The establishment of a permanent presence of this business in WA opens opportunitie
Slide 26: Competency Training's geographic expansion
Competency Training provides a range of hazardous area, high voltage, electrical and renewable energy courses and qualifications to help clients, and their employees advance in the Competency mining, resources, oil, gas, construction and engineering industries. Training’s Competency Training continu
Slide 27: Efficiency for BHP with StacksOn
StacksOn is the digital twin of choice for smarter and more efficient stockyards, providing unrivalled stockyard visualisation capabilities to drive decision making. StacksOn is provided through multi-year software licenses and has potential to apply to mining operations globally in multiple commodi
Slide 28: Q&A and Meeting Close
Verbrec Results Webinar Q&A and Meeting Close Company Enquiries Investor Relations Media Enquiries Mark Read Joel Voss Joel Voss Chief Executive Officer Company Secretary Company Secretary Mark.Read@verbrec.com Investors@verbrec.com Investors@verbrec.com 2828
Slide 29: Corporate Snapshot
Corporate Snapshot 29
Slide 30: Corporate Snapshot
H1 FY2025 Corporate Snapshot CAPITAL STRUCTURE BOARD AND KEY MANAGEMENT PERSONNEL SUBSTANTIAL SHAREHOLDERS Shares held Shares ASX Stock Code VBC Name Role Investor As at 24/02/2025 held As at 24/02/2025 (% SOI) H1 FY2025 Revenue $42.8 m Phillip Campbell Chair 1.5 m Brian Patrick O’Sullivan 22.3 Cash