Veris Limited · ASX:VRS
Veris — Investor Presentation (September 2019)
23 slides from Veris's investor presentation, Sep 17, 2019
Slide 1: Veris Limited Investor Presentation September 2019
For personal use only Veris Limited Investor Presentation September 2019 Slide 1
Slide 2: Veris service offerings
Veris Limited For personal use only Surveying Strategy and policy Specialised ICT and technology 3D spatial Communications and engagement services Geospatial Urban and regional planning - Industrial Wireless Town planning and urban design Social sustainability - Industrial IoT Bid preparation - Cont
Slide 3: Overview
Overview For personal use only Veris made significant progress in strengthening the Company’s operational capability following the national integration of nine acquired surveying businesses in 2018. An Operational Review (now complete) focused on harnessing the strength of Veris Australia aimed at i
Slide 4: Market Opportunity
Market Opportunity For personal use only Strong forecast activity and development expenditure on infrastructure projects on the eastern seaboard, with a range of transport, healthcare, education and social infrastructure ‒ Committed forward pipeline for infrastructure investment of over $200b. ‒ Gov
Slide 5: Top Tier Clients Across Australia
Top Tier Clients Across Australia For personal use only Diversified, national client base; adding value through seamless national agreements and service offerings Slide 5
Slide 6: Group Revenue in FY19
Group Revenue in FY19 For personal use only Revenue by Market Sector Revenue by Location Infrastructure 5% Policy & Strategy $14.4m 2% 2% $0.9m Property & Housing/ 30% Residential/Communities $2.4m 15% Mining & Resources 2% Industrial 44% $15.4m Commercial/Retail $11.2m $26.4m $16.4m Other $0.2m $36
Slide 7: Veris Strategic Plan 2019 - 2024
Veris Strategic Plan 2019 - 2024 • Repositioning the service model to focus on high value, high margin surveying, digital engineering, data management, For personal use only geospatial and professional and advisory services. • Strategy endorsed by the Board in June 2019. To be a recognised national
Slide 8: Strengthening Veris Australia performance
Strengthening Veris Australia performance For personal use only Actions Achievements Operational Alignment ‒ Improved professional staff and equipment utilisation ‒ Co-location of staff and offices to ensure efficiencies Overhead Synergies ‒ Establishment of Veris shared services ‒ One ERP system ‒
Slide 9: Veris Australia Overview and Achievements
Veris Australia Overview and Achievements Revenue by service For personal use only • Achieved revenue growth $93m, up 4% on FY18 and diversified revenue portfolio. • Strong pipeline of work identified. 6% • Long term client contracts with continuous scope of 17% Cadastral works. 34% Eng Survey - Civ
Slide 10: Veris Australia Geospatial Capability
Veris Australia Geospatial Capability For personal use only Geospatial Geospatial services involve the use of technologically advanced systems to capture, process, model, analyse, manage and deliver a wide array of geospatial data. This workflow is fast becoming a key platform to aiding in project d
Slide 11: Showcasing our capability
Showcasing our capability For personal use only Veris geospatial service portfolio: Mobile Laser Scanning Terrestrial Laser Scanning 3D Laser Scanning Terrestrial 3D scanning of Great Ocean Road Aerial UAV survey of mine sites for Mobile laser scanning of streetscapes for for stability monitoring as
Slide 12: Geospatial Growth Capability
Geospatial Growth Capability For personal use only • Veris offers a compelling range of geospatial services nationally across all industry sectors. • Geospatial services are rapidly approaching 20% of Veris’ revenue on the back of: • focus on organic growth; • strong industry tailwinds, driven by te
Slide 13: Elton Consulting Overview and Achievements
Elton Consulting For personal use only Overview and Achievements • Achieved revenue growth $18.3m up 2.5% on FY18. • Rollover of significant contracts with key government and Tier 1 private sector clients. • Increased national footprint with offices now in Sydney, Melbourne, Canberra, Brisbane, Pert
Slide 14: Elton Consulting Growing Footprint of Projects
Elton Consulting For personal use only Growing Footprint of Projects FY19 47 4 17 1 532 28 Circles shows the number of projects worked on in each location, total 702. 2018-19. Slide 14
Slide 15: Aqura Technologies Overview and Achievements
Aqura Technologies For personal use only Overview and Achievements Revenue • Aqura provides specialised IT&C technology and services to Blue Chip 19% organisations. $15m • Organic growth continued in FY19. $12m • Revenue growth expected in FY20, with work already in hand equal to FY19 revenue. • Aqu
Slide 16: Aqura Technologies Offerings and Growth
Aqura Technologies For personal use only Aqura’s Offerings: Key Focus and Growth Industrial Wireless • Aqura has specialised technical capabilities, servicing Tier 1 Robust private LTE and wireless customers. networks for mission critical applications. • Aqura’s growth plans include: • East coast re
Slide 17: FY19 Financial Results
For personal use only FY19 Financial Results Slide 17
Slide 18: FY19 Financial Dashboard
FY19 Financial Dashboard For personal use only FY19 FY18 Revenue $125.9m $106.8m 3D spatial scan to BIM Underlying EBITDA $6.5m $11.2m Operating Cash Flow $6.2m ($0.1m) Aqura Technologies LTE team site visit in Pilbara Net Debt $18.0m $20.4m • Revenue growth through full year contribution of Elton C
Slide 19: FY19 Revenue
FY19 Revenue For personal use only Revenue growth across all businesses in 140,000 Elton Net Revenue Veris Net Revenue Aqura Net Revenue FY19 $000s $000s $000s ‒ Veris Australia 120,000 ‒ $93.0m, up 4% on FY18 100,000 ‒ Delivery of major infrastructure projects 80,000 ‒ Elton Consulting $000s ‒ $18.
Slide 20: Cash Flow and Balance Sheet
Cash Flow and Balance Sheet For personal use only Cash Flow Balance Sheet $m FY19 FY18 $m 30 June 2019 30 June 2018 Cash flow from operations 7.5 1.0 Cash 3.7 5.6 Net interest expense (1.3) (1.1) Hire purchase facilities (10.3) (12.4) Cash flow from operations 6.2 (0.1) Commonwealth Bank facility (1
Slide 21: Cash flow waterfall
Cash flow waterfall For personal use only 15 1.1 (1.3) 1.8 (1.9) 10 (1.9) 6.5 $m (6.2) 5 5.6 3.7 0 Opening EBITDA Equipment Other Interest Capex Acquisition Debt/HP Closing Cash Sales net (net HP) payments repayments cash Slide 21
Slide 22: Summary and Outlook
Summary and Outlook For personal use only Key achievements Outlook • Achieved revenue growth across all three business. • Positioned for margin growth in FY20. • Enhanced operational cash flow and reduced net debt position. • Full benefit of Operational Review in FY20, which will deliver a further $
Slide 23: Disclaimer
Disclaimer For personal use only This Document should not be considered as an offer or invitation to subscribe for or purchase any securities in Veris 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