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: About Verbrec
About Verbrec Recognised partner for a sustainable future. Our ENGINEERING Services Concept to Detailed Design PROCURE, CONSTRUCT & COMMISSION Project Management to Bring Design to Life 3 ASSET MANAGEMENT CORE Increase Efficiencies, Reduce Costs & Improve Productivity MARKETS ENERGY MINING INFRASTRU
Slide 4: Verbrec Overview
Verbrec Overview Structured for Profitable Growth through the Energy Transition in Australia, NZ, PNG and the Pacific Islands HOW WE CREATE VALUE: 4 Divisions across an Well-Positioned to FY2024 resulted in Asset Lifecycle from capture the Growing Growing Margins FULL LIFE CYCLE SERVICES Initial Con
Slide 5: Verbrec Financial Highlights
Verbrec Financial Highlights Throughout the year ended 30 June 2024, Verbrec undertook pivotal activities to establish a new foundation for profitability and growth. 5
Slide 6: Financial Commentary
FY2024 Financial Commentary Change FY2024 FY2023 to PCP Revenue $93.4 m $109.9 m (15.1) % Financial Highlights Gross Profit $33.4 m $26.9 m 24.2 % Gross Margin 35.8 % 24.5 % 46.2 % ✓ Highest EBITDA and NPAT since FY2015. ✓ Highest profit margins since the merger of OSD and EBITDA $8.8 m ($2.9) m 400
Slide 7: Financial Highlights
FY2024 Financial Highlights $60.0 50.0% $50.0 40.0% $40.0 30.0% $30.0 20.0% $20.0 10.0% $10.0 0.0% $0.0 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 -$10.0 -10.0% -$20.0 -20.0% Gross Profit ($m) EBITDA ($m) Gross Margin (%) EBITDA Margin (%) 7
Slide 8: FY2024 Financial Highlights
FY2024 Financial Highlights Profit & Loss ^ Balance Sheet Cash Flows REVENUE COST OF GROSS EBITDA NPBT TOTAL TOTAL OWNERS OPERATING CASH AT SALES PROFIT ASSETS LIABILITIES EQUITY CASH FLOW BANK 110.0 100.0 10.0 9.0 93.4 100.0 90.0 8.0 90.0 7.0 80.0 6.0 4.6 80.0 70.0 5.0 4.0 70.0 60.0 3.0 2.0 60.0 2.
Slide 9: Outlook
FY2025 Outlook The Company’s refreshed strategy is embedded and leaves Verbrec poised to move into a new growth phase. By FY2025 unweighted opportunity pipeline ^ executing on the new strategic direction, Verbrec expects $121 million (as at 22 August 2024) to increase revenue and profitability in FY
Slide 10: Renewed Strategy for Growth
Renewed Strategy for Growth Relationship Clients Best People, Great Teams Build Capability Delivery 10
Slide 11: Our renewed Strategy
Our renewed Strategy RELATIONSHIP CLIENTS BUILD CAPABILITY Be the provider of choice for our Chosen Clients Embracing new technologies and skills critical to becoming an enabler of client success in energy transition, Verbrec’s is focused on the client’s experience and endeavours to truly decarbonis
Slide 12: Verbrec is positioned for Growth
Verbrec is positioned for Growth ORGANIC GROWTH GEOGRAPHIC EXPANSION Leveraging our capability and the talent of our people, by focusing Verbrec in FY2024 made progress in expanding its geographic reach on the needs and goals of our Relationship Clients, and their with both its Infrastructure Servic
Slide 13: Sustainable Focus Areas
Sustainable Focus Areas Electrification & Energy Storage Gas Market Transition Sustainable Mining Water Security 13
Slide 14: The Evolving Energy Landscape
The Evolving Energy Landscape Sustainable Focus Areas ELECTRIFICATION & ENERGY STORAGE GAS MARKET TRANSITION • Addressing the need for gas firming and renewables rich grid. • Verbrec is guiding and delivering solutions to our clients to design fit-for-purpose solutions for their existing assets. • A
Slide 15: The Evolving Energy Landscape
The Evolving Energy Landscape Sustainable Focus Areas SUSTAINABLE MINING WATER SECURITY • Verbrec assists and advises our clients to minimise their scope 3 • Verbrec provides our expertise and years of experience servicing emissions. water authorities and operators across Australia. • Maximising the
Slide 16: Market Opportunity
The Evolving Energy Landscape Market Opportunity The Australian Energy Market Operator, in its 2024 Integrated System Plan predicts an annualised capital cost of all utility- scale generation, storage, forming and transmission infrastructure in the optimal development path has a present value of $12
Slide 17: Verbrec is already Capturing the Opportunity
Verbrec is already Capturing the Opportunity 16.7% Mining Our awarded contracts are already moving into our Sustainable Focus Infrastructure & Areas Defence 55.7% 20.9% Energy, Manufacturing & Chemical Energy, Manufacturing & Chemical Mining Infrastructure & Defence 3.0% 17.7% 49.8% 55.9% Electrific
Slide 18: Verbrec FY2024 Projects
18 Verbrec FY2024 Projects @iverbrec ‘evolution engineered
Slide 19: FY2024 Project Highlights
FY2024 Project Highlights Australia’s largest onshore gas pipeline Boosting performance at Paraburdoo First major long-term operations and FEED Project maintenance contract in WA Verbrec’s engineering team have been recently Verbrec secured new projects business improvements Verbrec awarded its firs
Slide 20: FY2024 Project Highlights
FY2024 Project Highlights Hydroelectric Pre-Feasibility Study in Competency Training’s Growing Efficiency for BHP with StacksOn the Pacific Region International Presence BHP Iron Ore are using StacksOn across their Studies that will assess the hydrogeological flows, Competency Training enters an exc
Slide 21: FY2024 Project Highlights
FY2024 Project Highlights BROADLAND BIOGAS UPGRADE PORT KEMBLA GAS TERMINAL AUSTRALIAN FIRST BATTERY TRIAL Verbrec are delivering the Broadland Biogas Upgrade Verbrec supported the construction of Australia’s Verbrec delivered a trial of two different battery for First Renewables Limited, which invo
Slide 22: Verbrec Corporate Profile
Verbrec Corporate Profile Through strong relationships, built on trust Verbrec enables a sustainable future for our Clients and their Customers. 22
Slide 23: Corporate Snapshot
FY2024 Corporate Snapshot CAPITAL STRUCTURE BOARD AND KEY MANAGEMENT PERSONNEL SUBSTANTIAL SHAREHOLDERS Shares held Shares ASX Stock Code VBC Name Role Investor As at 12/08/2024 held As at 12/08/2024 (% SOI) FY2024 Revenue $93.35 m Phillip Campbell Chair 1,503,309 Brian Patrick O’Sullivan 25.09 Cash
Slide 24: Investor Relations & Media Enquiries
Investor Relations & Media Enquiries Investor Relations & Media Enquiries Joel Voss Company Secretary Investors@verbrec.com Company Enquiries Mark Read Chief Executive Officer Mark.Read@verbrec.com 24