Veris Limited · ASX:VRS
Veris — H1 FY2023 Earnings Presentation
21 slides from Veris's earnings presentation, Feb 27, 2023
Slide 1: 1H FY23 Results
1H FY23 Results Michael Shirley, MD & CEO Steve Harding, CFO February 2023 Sydney Opera House 1
Slide 2: Highlights
Highlights 1H FY23 Financial Delivery Excellence Outlook • Revenue of $52.5m, up 23% ❖ Continuing to deliver on ❖ Strong, secured forward on PCP. major infrastructure projects workload in excess of $55 • Continued focus on margins across the country. million. delivering results: ❖ Fleet and equipmen
Slide 3: Corporate Snapshot
Corporate Snapshot A strongly positioned, well capitalised, pure-play spatial data services business. VRS Price/Volume Chart $0.12 30 Millions Corporate Snapshot $0.10 25 ASX Code VRS $0.08 20 Share Price (24 Feb 2023) $0.082 $0.06 15 Shares on Issue 523.7m $0.04 10 Market Capitalisation (24 Feb 202
Slide 4: 1H FY23 Financial Update
1H FY23 Financial Update 4
Slide 5: 1H FY23 Trading Update
1H FY23 Trading Update 1H FY23 demonstrated continued half-on-half improvement in revenue and profitability growth Veris Australia % Veris Revenue Growth Underlying results $M H1 FY23 H1 FY22 Change 52.5 to PCP 49.8 Revenue 52.5 42.6 23% 42.6 36.7 EBITDA 5.4 3.1 77% EBITDA Margin % 10.3% 7.2% Underl
Slide 6: Balance Sheet Transformation
Balance Sheet Transformation The sale of the Aqura Technologies subsidiary to Telstra in FY22 has transformed the Veris balance sheet Veris Net Cash growth Veris Net Assets growth $m $m Net cash Net Assets 20.0 35 18.4 30 15.0 17.2 29.1 25 28.6 10.0 20 5.0 15 0.0 0.0 10 (5.0) (5.0) 5 7.5 1.3 (10.0)
Slide 7: Capital management
Capital management Strong Capital management focus leveraging balance sheet ▪ Strong net cash balance has enabled ▪ Assessment of accretive M&A $ re-negotiation of key supply arrangements to deliver cost savings and operational $ opportunities that add either technical capabilities, strategic effici
Slide 8: Business Overview
Business Overview 8
Slide 9: A trusted, leading provider of spatial data services
A trusted, leading provider of spatial data services Veris Australia provides an end-to-end spatial data solution for its clients that not only includes data collection, analysis and interpretation but also data hosting and access, modelling, sharing, and insights for clients with large-scale data r
Slide 10: Veris has a leading client base
Veris has a leading client base Mining & Property Infrastructure Defence Utilities Government Resources 10
Slide 11: Delivering on strategic priorities
Delivering on strategic priorities Investment in Strategy Sustainable Profit PEOPLE STRATEGIC GROWTH DELIVERY › Sustained year- on-year revenue growth › Improved margins › Lower cost base › Delivering value through spatial Our people are the heart We are pursuing strategic We are investing in projec
Slide 12: Strategic growth – Our journey from surveying to end-to-end spatial data solutions
Strategic growth – Our journey from surveying to end-to-end spatial data solutions = Surveying continues to be We’ve been investing in We’ve developed Our clients are benefiting an important part of our leading-edge technology to cloud-based 3D and GIS from end-to-end spatial business. perform rapid
Slide 13: Deriving value from data with key clients
Deriving value from data with key clients Our difference ▪ Our clients need to visualise changes to assets regularly as part of operations and decision making. is we collect, hold and ▪ Our offering meets this need, by providing: understand the ✓ 3D data capture of assets data. ✓ Real-time monitorin
Slide 14: Spatial Data Strategy progress
Spatial Data Strategy progress Paradise Gorge, Digital Twin The acceleration To deliver on our strategy we’ve invested in: of our pivot towards a spatial ▪ Leading-edge technologies for rapid data capture including UAV’s, LiDAR data business was scanners and autonomous drones a core element of ▪ Clo
Slide 15: Our spatial data strategy in action
Our spatial data strategy in action RoadSide - helping ▪ Data capture of road condition is Government performed rapidly over larger distances using our mobile laser agencies and scanning (MLS), drone surveys and contractors rapidly 3D Ground Penetrating Radar identify and assess (GPR) technologies.
Slide 16: Pipeline and outlook
Pipeline and outlook 16
Slide 17: Pipeline
Pipeline Continued momentum underpinned by a strong forward Pipeline workload and pipeline. Our secured forward In addition to our Healthy, unsecured Strong focus on workload at 31 Dec forward workload, we project pipeline has a conversion of 2022 was in excess of anticipate ongoing weighted value o
Slide 18: Outlook - well positioned in key markets
Outlook - well positioned in key markets Property Infrastructure Defence Ongoing investment by the Underlying market fundamentals The wave of record-level infrastructure Australian Government over the remain sound in the medium to spending commitments in response to the coming decade in new and long
Slide 19: Summary
Summary A strongly positioned, well capitalised, pure-play spatial data services business. Our strategy has been focussed on returning the business to sustainable, profitable growth and it is delivering results Continued execution of our strategy, including operational improvements, will underpin su
Slide 20: Disclaimer
Disclaimer This Document should not be considered as an offer or and agents (‘Associates’) disclaim all liability, direct, indirect or invitation to subscribe for or purchase any securities in Veris consequential (and whether or not arising out of the negligence, Limited (“Veris” or the “Company”) o
Slide 21: Contact us
Contact us Investor and Media Relations enquiries: Steve Harding Phone: (08) 62431 333 Email: communications@veris.com.au Ben Larsen Phone: +61 (0) 439 789 842 Email: benl@nwrcommunications.com.au 21