Slide 1: FY24 Results - Investor Presentation
FY24 Results - Investor Presentation Veris Limited - ASX:VRS August 2024 Michael Shirley Managing Director & CEO Steve Harding CFO A fully integrated digital and spatial data advisory and consulting firm
Slide 2: Acknowledgement of Country
As we are located across 15 offices and perform our services at many locations, we acknowledge Aboriginal and Torres Strait Islander peoples as the traditional owners and custodians of this land and the places on which we live and work. We respect and honour Aboriginal and Torres Strait Islander Eld
Slide 3: Veris: Our Services
Veris: Our Services A fully integrated digital and 3D scanning, data capture, ▪ A deliberate pivot into higher DIGITAL & hosting storage, management, margin consultancy and strategic spatial data SPATIAL modelling, visualisation, and advisory services is gaining advisory and analysis. traction consu
Slide 4: A national footprint servicing a broad-based addressable market
A national footprint Our People servicing a broad-based addressable market 450+ 15 Offices People across Australia Our Markets Transport Mining & Defence Resources Our Core Property & Energy & Government Values Buildings Utilities 4
Slide 5: Unlocking growth in key accounts
Unlocking Building trust and mutual benefit growth in key Property Defence accounts Mining & Transport Resources Energy & Utilities Government 5
Slide 6: Executing on strategy – sustained performance and growth
Executing on We are delivering smarter solutions for our key clients with higher strategy – margins. sustained performance and growth H3 H2 Digital & Spatial Deliver value through data, H1 providing end-to-end Professional Services solutions for our clients – To be sustainable, we from data capture
Slide 7: The Veris difference
The Veris difference Sustainable, growth through strategy execution Competitors have siloed Veris has a differentiated market delivery models position Data Platforms: companies that End-to-end solution: our offering provide cloud-based spatial data / spans data collection through to digital twins pl
Slide 8: Digital strategy execution
Digital strategy Meeting the Digital Transformation needs of our clients execution Executing the Outcomes strategy We’ve taken clear steps in the delivery of We’ve achieved significant milestones along our Digital Strategy: the way: ▪ Development of AI, analytics, and data ✓ First suite of digital s
Slide 9: Digital Strategy in Action
Digital Strategy in Action High margin, high value service offering, that Digital Twin Cardinia Shire Council Digital Engineering demonstrates Victoria Sealed Roads Program Roadmap progress in advancing our ▪ Veris-led consortium one of three ▪ An innovative digital solution by ▪ Veris wins contract
Slide 10: Digital Strategy in Action
Digital Strategy in Action High margin, high value service Brisbane Warragamba Central Place, offering, that Airport Pipeline Sydney demonstrates progress in ▪ Veris engaged to provide expertise ▪ Veris engaged to perform 3D laser ▪ Veris is delivering this project using advancing our in spatial doc
Slide 11: FY24 Financial Update
veris FY24 Financial Update
Slide 12: FY24 financial highlights
FY24 Revenue Digital service line Order Book financial Revenue Share highlights $60m over $92.6m in FY24 next 12 Quick and decisive 17% in months restructuring and FY24 operational initiatives Strategic shift Higher value projects Labour cost base Veris is right-sized continues reduced to leverage d
Slide 13: FY24 results summary
FY24 results summary Veris Underlying results Highlights $M FY24 FY23 FY22 ▪ Reduced revenue resulting from: o Continued transition away from legacy small projects Revenue 92.6 100.9 92.4 o Softness in key markets; and o Resourcing constraints in Queensland operations Gross Profit Margin % 32.6% 31.
Slide 14: FY24 Overview
FY24 Overview Annual Revenue & Gross Profit Margin increase 18.0% D&S Revenue % 110 33.0% 100 16.0% 90 32.0% 14.0% 80 Gross Profit Margin % 31.0% 12.0% 70 Revenue ($m) % of revenue 60 10.0% 30.0% 50 8.0% 40 29.0% 6.0% 30 4.0% 20 28.0% 2.0% 10 0 27.0% 0.0% FY21 FY22 FY23 FY24 FY22 FY23 FY24 Revenue G
Slide 15: FY24 Overview
FY24 Overview Improving Operating Cash flow ratio Cash 110 9.0% $20.0 100 90 8.0% Operating Cash Flow ratio % $15.0 80 7.0% 70 Revenue ($m) $10.0 60 6.0% $m 50 40 $5.0 5.0% 30 20 4.0% $0.0 10 FY21 FY22 FY23 FY24 0 3.0% FY22 FY23 FY24 $5.0 Revenue Operating Cash flow ratio Operating Cash flow ratio c
Slide 16: Balance sheet
Balance sheet Balance Sheet Jun24 Jun 23 Overview ▪ Stable balance sheet and capital position Cash 16.1 17.3 ▪ Strong cash balance of $16.1m. Cash Debtors & WIP 18.6 19.7 movement primarily reflects impact of: P,P&E 8.9 9.8 o $0.7m dividend payment in November; ROU Lease Assets 12.8 16.4 o $0.5m Con
Slide 17: Pipeline & Outlook
Pipeline & Outlook
Slide 18: Pipeline
Pipeline Pipeline Despite some economic uncertainty, Veris has continued to hold Secured forward workload is In addition to forward workload, a strong pipeline we anticipate ongoing project in excess of $60m to be and outlook executed over the next 12 variation and direct assignment underpinned by a
Slide 19: FY24 Summary
FY24 Summary Digital strategy initiatives Veris leverages its spatial and gain traction, with Digital advisory skillsets by meeting accounting for 17% of total stated objective to target national & FY24 revenues. regional key clients for delivery of multi-disciplinary projects A quick and decisive r
Slide 20: Targeted FY25 strategy
Targeted FY25 strategy ▪ Meeting clients’ digital transformation deliverables needs: Leverage Veris’ enhanced Restructuring and operational initiatives alignment to the growing data and digital already delivering strong financial transformation demands across multiple performance in Q1 FY25 to-date
Slide 21: Thank you
Thank you A fully integrated digital and spatial data advisory and consulting firm. Investor Presentation August 2024 For more information, please contact: Investor and Media Enquiries Steve Harding Julia Maguire CFO The Capital Network (08) 6241 3333 (02) 7257 7338 communications@veris.com.au julia
Slide 22: Disclaimer
Disclaimer 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 securities in Veris s