Verbrec Ltd · ASX:VBC
Verbrec — H1 FY2022 Earnings Presentation
12 slides from Verbrec's earnings presentation, Feb 28, 2022
Slide 1: FY22 Half-Year Results Presentation
FY22 Half-Year Results Presentation
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: Verbrec At-a-Glance
Verbrec At-a-Glance 3 Industries 3 Services Resources Energy Infrastructure ▪ Asset Management ▪ Digital Industry ▪ Power ▪ Pipelines 14 Locations ▪ Process Plant ▪ High Risk ▪ Hazardous Area ▪ Asset Management ▪ Pipeline Operations ▪ Pipeline & Compressor Station Operations ▪ Cathodic Protection 72
Slide 4: First Half Operating Highlights
First Half Operating Highlights 0 Zero harm $60.6Million Revenue for H1FY22 up 27% from PCP $86.2Million Work-in-hand at record levels, up from $45M 12mths prior 4 Projects transforming energy towards net zero with contract value totalling $18.4M $6.1Million Increase in contract value (including mil
Slide 5: First Half Financial Performance
First Half Financial Performance ❑ Revenue up 27% on PCP ❑ Underlying EBITDA up $2.6M from second half of FY21 and $0.9M from PCP ❑ Impact on EBITDA from poor performing legacy projects decreased $2.3M from H2FY21 Six months to 31 Dec Six months to 30 Six months to 31 Dec 2021 June 2021 20202 Revenu
Slide 6: Underlying Results Confirm Rebound
Underlying Results Confirm Rebound Margins improving after add back of three poor performing legacy projects 70 60.6 60 49.8 50 47.6 40 (Millions) 30 21.1 20 17.3 16.8 10 4.7 5.6 3.0 0 H1FY21 UnderlyingH2FY21 H1FY22 EBITDA Margin H1FY21 H2FY21 Underlying H1FY22 Gross Margin H1FY21 H2FY21 Revenue H1F
Slide 7: Contracts Secured, a snap-shot
Contracts Secured, a snap-shot Engineering Services 1 Design: Energy (compression design) Infra Services 2 Multi-year O&M: Energy (gas pipeline to remote mine site) Infra Services 3 Multi-year O&M: Energy (gas pipelines from processing plants) 8 4&5 Engineering Services EPC: Energy (gas connections
Slide 8: Safety Performance
Safety Performance epc ▪ Outstanding TRIFR and LTIFR performance ▪ Business evolving with acquisitions of EIM and Site Skills, changed safety risk profile. Strong safety culture embedded in to all Team members as we grow ▪ Focus turned to Team member mental health and well-being 8 FY22 Half-year Res
Slide 9: People
People ▪ Significant ramp up in work-force in line with increased revenue and levels of activity ▪ Retention and attraction remains a priority in resource constrained market Total Headcount 800 600 400 200 0 ▪ Reviewed benefits and rewards ▪ One Team: Launched Verbrec Way Award ▪ Learning & Developm
Slide 10: Outlook - Strong Rebound
Outlook - Strong Rebound Key Industry sectors have rebounded strongly from CY20 lows – Revenues have rebounded strongly – Margin expected to rebound Work-in-Hand strongly in second half and on in to FY23 100.0 90.0 ❑ Work in hand continues to grow - at end of January totalled $86.2M 80.0 – STRONGEST
Slide 11: Corporate Snapshot
Corporate Snapshot Share Price Performance1 Capital Structure ASX code VBC Market Cap (as at 25 February 2022) $25.5m Share price (as at 25 February 2022) $0.115 Share price – 30 day VWAP $0.13 Shares on issue 221.5m Cash (as at 31 December 2021) $6.0m Net Cash Position2 (as at 31 December 2021) ($5
Slide 12: evolution engineered
evolution engineered