Slide 1: 1H FY25 Results and Business Update
1H FY25 Results and Business Update Presented by: Michael Shirley, Managing Director & CEO Steve Harding, CFO 24 February 2025
Slide 2: Our vision for a Digital Future
Our vision for a Digital Future v Empowering Leading in Harnessing the Pioneering digital Unlocking digital industries with Digital Advisory power of spatial transformation for innovation and cutting-edge & Consulting data, Digital Twins our clients sustainability digital solutions services and AI o
Slide 3: 1H FY25 highlights and key achievements
1H FY25 highlights and key achievements Rebound in Profitability: Margin Improvement: Strategic Revenue Focus: PBT of $1.0m, PBT margin increased to Revenue of $46.8m, aligning up 212% from PCP. 2.1%, up 200% from PCP. with strategic focus on higher- margin project selection. Highlights and key achi
Slide 4: 1H FY25 Financial update
1H FY25 Financial update veris
Slide 5: Consolidating the base - Stable, higher quality revenue delivering higher margins
Consolidating the base - Stable, higher quality revenue delivering higher margins Revenue & Gross profit margin % Digital & Spatial Revenue % 25.0% 110 38.0% 100 90 36.0% 20.0% 80 Gross Profit Margin % 34.0% 70 % of revenue Revenue ($m) 15.0% 60 32.0% 50 40 10.0% 30.0% 30 20 28.0% 5.0% 10 1H FY25 Fi
Slide 6: 1H FY25 Results Summary
1H FY25 Results Summary Veris Australia % Revenue & PBT Margin H1 1H FY25 Financial Update H1 H1 H1 60.0 P&L $M Change 2.0% FY25 FY24 FY23 FY22 vs PCP 1.4% 0.7% 2.1% 50.0 1.0% 52.5 Revenue 46.8 48.3 52.5 42.6 (3.3%) 46.8 40.0 42.6 48.3 0.0% Revenue ($m) Gross Profit Margin % 36.6% 33.9% 31.6% 28.8%
Slide 7: Strong balance sheet underpins ongoing strategic M&A initiatives
Strong balance sheet underpins ongoing strategic M&A initiatives Balance Sheet $M Dec 24 Jun 24 Overview Cash 17.6 16.1 ▪ Strong cash movement underpinned by: Debtors & WIP 14.8 18.6 ✓ Delivery of higher margin projects; P,P&E 7.8 8.8 ✓ Crystallisation of working capital; and AASB16 Leases – ROUA 11
Slide 8: Accelerating on strategy
Accelerating on strategy veris
Slide 9: Delivering on Strategic Priorities
Our journey of transformation 1 2 3 4 Save Stabilise Invest Transform - People - Digitally differentiated - Addressed under - Financial discipline performance - Technology - High margin, high Delivering on Strategic Priorities - Efficiencies in value - Restructured operating model - Key client accou
Slide 10: Digital Strategy Execution
Digital Advanced AI and Analytics Development: Enhanced our Strategy technological foundation with cutting-edge AI, analytics, and Execution data hosting capabilities. Strategic Talent Acquisition: Integrated specialised talent to Executing our digital drive innovation and execution in digital and s
Slide 11: Acquisition of Spatial Vision Innovations Pty Ltd
Acquisition of Spatial Vision Innovations Pty Ltd 11
Slide 12: Acquisition of Spatial Vision Innovations Pty Ltd
Acquisition of Spatial Vision Innovations Pty Ltd About Spatial Vision ▪ Established Expertise: Founded in 1999 with over 25 years track record Acquisition of Spatial Vision Innovations Pty Ltd Veris to acquire 100% of in serving clients. Click to edit Master text styles Spatial Vision Innovations ▪
Slide 13: Strategic Rationale
Strategic Rationale The acquisition further advances Veris' strategic shift towards a fully integrated digital advisory and consulting model. By integrating Spatial Vision’s complementary capabilities in strategic consulting, spatial data analysis, and GIS services, Veris will build on and enhance i
Slide 14: Key Benefits and Synergies
Key Benefits and Synergies The acquisition of Spatial Vision further advances Veris' strategic shift towards a fully integrated digital advisory and consulting model. Operational Financial Technical Client Synergies Synergies Skills Value Key Benefits and Synergies Combines the Expected to be Highly
Slide 15: Outlook and pipeline
Outlook and pipeline veris
Slide 16: A leading client base aligned to growth in key industry sectors
A leading client base aligned to growth in key industry sectors Property & Energy & Transport Government Utilities Defence Resources Buildings SAM* $220M $150M $280M $110M $100M $210M CAGR^ 9.5 - 11% 8 – 9.5% 7.5 – 8.5% 10 – 12% 14 – 16% 12 – 14% Outlook and Pipeline Key Clients 16 *Serviceable Addr
Slide 17: Outlook and Pipeline
Outlook and Secured forward workload is in excess of $55 m to be executed over the next 12 months. Pipeline Ongoing project variation and direct assignment works in addition to forward workload. Healthy, unsecured project pipeline has a weighted value in Veris has continued to Click to of excess edi
Slide 18: Summary
Summary Digital strategy initiatives A strong pipeline of committed delivering results, with and tendered projects – as at end-1H FY25 , a secured forward Digital & Spatial services 20.4% workload valued at greater than of total 1H FY25 revenues. $55m. Veris leverages its spatial and advisory skills
Slide 19: Disclaimer
Disclaimer This Document should not be considered as an offer or invitation to provision of this Document or any other information provided in relation to subscribe for or purchase any securities in Veris Limited (“Veris” or the this Document. Recipients of this Document must make their own “Company
Slide 20: Appendix
Appendix veris
Slide 21: Veris: A fully integrated digital advisory and consulting firm
Veris: A fully integrated digital advisory and consulting firm Digital and 3D scanning, data capture, hosting storage, ▪ A deliberate pivot into higher margin management, modelling, visualisation, and consultancy and strategic advisory Spatial analysis. services Due diligence, statutory and strategi
Slide 22: A national footprint servicing a broad-based addressable market
A national footprint servicing a broad-based addressable market Our People Our Services 450+ People Our Markets Our Values Transport Mining & Defence Resources Company overview Property & Energy & Government Buildings Utilities 22
Slide 23: Contact us
Contact us Investor enquiries: Steve Harding Ph: (08) 9317 0660 E: communications@veris.com.au 23