Slide 1: FY24 Results Presentation
FY24 Results Presentation Dean Banks: Chief Executive Officer Mark Fleming: Chief Financial Officer Pictured: Ventia drone pilot in training, Brisbane, QLD
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: Safety – Driving is Ventia's highest critical risk
Safety – Driving is Ventia’s highest critical risk Telematics and bespoke training programs have contributed to a 65% reduction in vehicle incidents since 2021 Total Ventia drivers Kilometres driven High potential vehicle events 4-5 Stars Drivers Infringements Telematics installed in 5,114 17% Incre
Slide 4: Another year of consistent financial outperformance
Another year of consistent financial outperformance Delivering on expectations Realising sustainable growth Delivering for shareholders NPATA growth Renewal rate Final dividend declared 12.8% 91.9% 10.63cps Delivered 3-year CAGR of 15.8% Up from 87% in FY23 Increased 12.8% on final dividend FY23 z C
Slide 5: Strong FY24 financial results
Strong FY24 financial results Delivering NPATA growth of 12.8% FY24 statutory financials as at 31 December 2024 Total Revenue EBITDA $6,105.5m $499.3m Increase of 7.6% on FY23 Increase of 7.3% on FY23 EBITDA Margin NPATA 8.2% Inline with FY23 $227.9m Increase of 12.8% on FY23 Cash conversion ratio W
Slide 6: Significant contracts awarded in growth markets
Significant contracts awarded in growth markets Work in hand $19.4 billion as at 31 December 2024, up 6.7% on FY23 Renewals and extensions New awards nbn – On-demand Module x 3 Western Power Distribution Telecommunications Infrastructure Services 3 year term 5 year term Combined $300 million revenue
Slide 7: Expansion of strategic relationship with Telstra
Expansion of strategic relationship with Telstra Lifecycle management and Scaled Snapshot Supporting critical digital infrastructure fixed network services network build Ventia and Telstra have Working with Nationwide fixed Large-scale asset entered into a major expansion of their long- ~$2 billion
Slide 8: Delivering on our strategic objectives in FY24
Delivering on our strategic objectives in FY24 Customer Focus Innovation Sustainability Defence Base Contractor of the Year, awarded ABA100 Business Awards Business Innovation Social Procurement Impact Partnership of the Nov 2024 Award 2024 Year – Muru Mittigar – Ventia & Transurban +91.9% Renewal r
Slide 9: ACCC proceedings
ACCC proceedings Ventia intends to defend the recent ACCC allegations Based on the information available to date, we do not believe there has been any misconduct by Ventia or any of its employees. We are continuing to provide the appropriate support to our employees who are impacted by this process.
Slide 10: Financial Results
Financial Results Ventia delivers On-Demand Module telecommunications services in Brisbane, QLD, and across Australia 10
Slide 11: Consistent track record of strong financial performance
Consistent track record of strong financial performance Total Revenue ($m) EBITDA and Margin ($m/%) NPATA1 ($m) 499.3 465.2 419.8 379.9 8.2% 6,105.5 8.2% 5,676.4 227.9 5,167.5 8.3% 8.1% 179.6 202.1 4,557.4 146.8 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Up since FY21 Up since FY21
Slide 12: Financial performance illustrates robust cash conversion
Financial performance illustrates robust cash conversion FY24 result $ millions FY24 FY23 Delta EBITDA Total revenue 6,105.5 5,676.4 7.6% Contract revenue escalations and contract growth have driven solid performance and provided inflation protection Total expense (5,609.3) (5,214.8) 7.6% Share of J
Slide 13: Performance demonstrates the benefit of a diversified portfolio
Performance demonstrates the benefit of a diversified portfolio Defence & Social Infrastructure Telecommunications Transport Infrastructure Services Revenue Revenue Revenue Revenue $2.6b ▲ 9.4% $1.3b ▲ 0.8% $1.6b ▲ 14.6% $632.4m ▼ 0.7% EBITDA EBITDA EBITDA EBITDA $180.6m ▲ 12.6% $109.9m ▼ 4.9% $199.
Slide 14: Funding mix has been diversified and lengthened
Funding mix has been diversified and lengthened Debt Maturity Profile Asian Term Loan Revolver (drawn) Revolver (undrawn) 31 December 2024 metrics ($m) Cash on hand 392.8 500 Undrawn revolver 400.0 400 $ millions Total liquidity 792.8 300 Term loan and revolver 750.0 200 400 100 250 250 250 Lease li
Slide 15: Returning capital to shareholders
Returning capital to shareholders On Market buyback announced, up to Final dividend declared of 10.63cps, payout target of 75% NPATA $100m Final dividend for FY24 increased 12.8% on 2023 Total FY24 dividend increased 12.8% on 2023 To be purchased over 2025 10.63cps 19.98cps Leverage to remain within
Slide 16: Delivering against capital allocation framework
Delivering against capital allocation framework Maintain financial Invest to grow Maximise total strength and flexibility core business shareholder returns Cash generation: Organic growth (Revenue): Sustainable distributions: z 91.4% 7.6% 75% Cash conversion Capex of $67.4m, Declared a Total Dividen
Slide 17: Outlook
Outlook Pictured: Members of our energy networks team, Rocklea QLD 17
Slide 18: Addressable market opportunity underpins future growth ambition
Addressable market opportunity underpins future growth ambition Outsourced Maintenance Services addressable market size Opportunity pipeline across existing and new markets Australia & New Zealand ($b)1 Large and growing asset base Population growth $120b 100.4 >1% 94.4 88.9 10.3 83.4 9.9 annually2
Slide 19: The Ventia Difference
The Ventia Difference Redefining Service Excellence Customer focus: Innovation: Sustainability: • Building deep, long-term strategic • Leveraging data infrastructure • Delivering environmental and social partnerships as a competitive advantage outcomes for lasting community impact • High contract re
Slide 20: Our key priorities for 2025
Our key priorities for 2025 Delivering on Realising Creating long term value expectations sustainable growth for shareholders Guidance for NPATA growth: Sustainable financial growth: Dividends of: z 7-10% +90% renewal rate 60-80% of NPATA Continued strong cash generation: Growing Work in Hand to: Ex
Slide 21: Disclaimer
Disclaimer This presentation is in summary form and is not necessarily complete. It should be read together with the Company’s Full Year Report 2024 lodged with the ASX on 19 February 2025. This presentation contains information that is based on projected and/or estimated expectations, assumptions o
Slide 22: Q&A
Q&A Pictured: Member of our firefighting & rescue services team, Oakey, QLD 22
Slide 23: High-quality Work in Hand of $19.4b
High-quality Work in Hand of $19.4b Work in Hand ($b) up 6.7%1 on FY23 Work in Hand profile1 ($b) Cross Sell up 24% on FY23($m) $20.0 $12.0 $120.0 $19.0 $10.0 $100.0 $18.0 $8.0 $80.0 $17.0 $6.0 11.4 $60.0 115.8 19.4 18.1 $4.0 93.2 $16.0 17.9 $40.0 16.8 63.0 $15.0 $2.0 3.6 4.3 $20.0 $14.0 $0.0 $0.0 F
Slide 24: Diversified portfolio
Diversified portfolio Revenue by Revenue by Revenue by escalation customer type1 contract profile1 mechanism1 9% 11% 25% 20% 20% 50% 75% 71% 19% Public Schedule of rates Indexation Private Cost Reimbursable Annual Review Fixed price Cost Reimbursable Short term or panel arrangement2 1. Revenue by cu
Slide 25: 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 10% 13% 8% 7% 24% 43% 16% 52% 54% 33% 24% 24% 92% Defence Energy, Water, and Renewables Fixed Networks Oper
Slide 26: Covenant ratios, provide material headroom
Covenant ratios, provide material headroom Leverage Ratio1 continues to improve as EBITDA grows Interest Cover Ratio2 nearly 3x covenant 14 12.6 12.4 3 12 11.2 10 Headroom 10 1.8 to covenant 2 8 Headroom 1.4 to covenant 1.2 6 1.0 1 4 2 0 0 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 1. Calculated as Net
Slide 27: Statutory NPATA
Statutory NPATA $ millions FY24 FY23 Delta Revenue 6,105.5 5,676.4 7.6% Expense (5,609.3) (5,214.8) 7.6% Depreciation expense There was no significant change in depreciation expense 3.6 compared to FY23 Share of JV profits 3.1 (13.9%) EBITDA 499.3 465.2 7.3% Amortisation expense Depreciation expense
Slide 28: Thank you
ventiaW Thank you