Ventia Services Group Limited · ASX:VNT
Ventia Services — Shareholder Meeting (May 2025)
41 slides from Ventia Services's shareholder meeting presentation, May 22, 2025
Slide 1: 2025 Annual General Meeting ASX and NZX Release
Ventia Services Group Limited ABN 53 603 253 541 Level 8, 80 Pacific Highway North Sydney NSW 2060 AUSTRALIA ventia.com ASX and NZX Release 22 May 2025 2025 Annual General Meeting Ventia Services Group Limited (Ventia) is holding its Annual General Meeting (2025 AGM) today at 10.00am Thursday 22 May
Slide 2: About Ventia
About Ventia Ventia is a leading essential infrastructure services provider in Australia and New Zealand, proudly providing the services that keeps infrastructure working for our communities. Ventia has access to a combined workforce of more than 35,000 people, operating in over 400 sites across Aus
Slide 3: Chairman's address
Ventia Services Group Limited ABN 53 603 253 541 Level 8, 80 Pacific Highway North Sydney NSW 2060 AUSTRALIA ventia.com 22 May 2025 Chairman’s address Good morning, I’m David Moffatt, Chairman of Ventia Services Group Limited, and I’d like to welcome you to our Annual General Meeting. Before we begi
Slide 4: Now on to performance
Now on to performance. In 2024 we achieved higher earnings, cash flow and a steady margin. As these graphs illustrate, since our initial listing in 2021, we have demonstrated consistent financial growth. Our total group revenue has increased by 34% over this time and EDITDA has risen by 31%. Our EBI
Slide 5: Data capabilities and digital systems
To attract future employees and create a genuinely data-driven organisation we are focused on enhancing our data capabilities and digital systems. To do this we are modernising and innovating our systems to become more competitive, resilient, and adaptable in a rapidly changing digital environment.
Slide 6: CEO Address
CEO Address I am Dean Banks, proud and privileged to be Managing Director and Group CEO of Ventia. 2024 was a successful year for Ventia, demonstrated by strong financial performance and operational outcomes. Our revenue increased by 7.6% to $6.1 billion, EBITDA rose by 7.3% to $499 million, and our
Slide 7: Contract renewals and customer focus
In 2024 we renewed or signed new contracts totaling more than $5.4 billion. Our strategy to Redefine Service Excellence is critical to our success. It drives our business culture and clearly sets out the standards we strive to achieve across our organisation. Our emphasis on being customer-focused,
Slide 8: PFAS remediation
The remediation of PFAS is a challenging and complex problem, Ventia is one of a limited number of providers offering this service in Australia. This is a great example of how Ventia differentiates itself by bringing skills and expertise to address our customers’ needs. This expertise helps us demon
Slide 9: Annual General Meeting 2025
Annual General Meeting 2025 Pictured: Members of our energy networks team, Rocklea, Qld
Slide 10: Acknowledgement of Country and Mihi
Ventia | AGM2025 Acknowledgement of Country and Mihi Ventia would like to respectfully acknowledge the Traditional Custodians of country throughout Australia and their connection to land, sea and community. We pay our respect to them, their cultures and to their Elders past and present. He tautoko t
Slide 11: Procedural items
Ventia | AGM2025 Procedural items Virtual AGM 3 If you require assistance prior to or during the 3 meeting, call Computershare on +61 3 9415 4024
Slide 12: Safety is Ventia's licence to operate
Ventia | AGM2025 Safety is Ventia’s licence to operate Ventia's Preparation Mobilisation Safety is our response to of our workforce of emergency highest priority Cyclone Alfred and customers staff and logistics no serious injuries 4 Pictured: Ventia’s incident response team during Cyclone Alfred in
Slide 13: Our Board of Directors
Ventia | AGM2025 Our Board of Directors David Moffatt Dean Banks Anne Urlwin ONZM Jeff Forbes Chairman Managing Director Independent Independent and Group CEO Non-Executive Director Non-Executive Director Sibylle Krieger Lynne Saint Damon Rees PSM Independent Independent Independent Non-Executive Di
Slide 14: Chairman's address
Ventia | AGM2025 Chairman’s address 6 Pictured: SK Array Observatory telescope site in Murchison, WA
Slide 15: A leading essential services provider
Ventia | AGM2025 A leading essential services provider 35,000+ 400+ Workforce of employees Project sites throughout 40%+ of our people work and subcontractors Australia and New Zealand in regional and rural areas A broad range of industry segments: Defence and Social Infrastructure Infrastructure Se
Slide 16: Steady track record of financial performance since FY21
Ventia | AGM2025 Steady track record of financial performance since FY21 Total Revenue ($m) EBITDA ($m) NPATA ($m) 34% 31% 55% up since FY21 up since FY21 up since FY21 499.3 465.2 6,105.5 419.8 5,676.4 379.9 227.9 5,167.5 179.6 202.1 4,557.4 146.8 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 F
Slide 17: Market
Ventia | AGM2025 Market 6.4% Market Trends: Growth Compound Annual Growth Rate (CAGR) o o Large and growing asset base Population growth Opportunities $83.4bn FY24 – $100.4bn FY28 o o Energy transition and climate change Outsourcing rates o Technology and automation 9 Pictured: Ventia delivers Trans
Slide 18: People are at the heart of our success
Ventia | AGM2025 People are 50% 38th Inclusive at the heart female participation Australian Financial Employer of our success on our Executive Leadership Team Review’s Top 100 Graduate list for 2024 2024-2025 Diversity Council of Australia Employer 10 Pictured: Ventia employee at a Telstra Intercity
Slide 19: Digital
Ventia | AGM2025 Digital shaping our Enhance our data Modernise our AI and Continue future capabilities systems Innovation investment in cyber security 11 Pictured: Ventia is committed to creating a data-driven organisation
Slide 20: Ventia's Climate Transition Action Plan
Ventia’s Climate Transition Action Plan Pathway to Net Zero 2021 2025 2030 SO FAR WE HAVE: BY 2030 WE TARGET: Achieved a 51% 21.3% Intensity1 reduction in Scope 3 Absolute reduction in Scope 1 & 2 SBTi-validated 2030 and 2050 targets 42% Absolute reduction in Scope 1&2 Goal of 100% absolute reductio
Slide 21: Delivering returns for shareholders
Ventia | AGM2025 Delivering 19.98¢ 12.8% 75% $100m returns for our total dividend for increase in total payout of NPATA on-market buyback shareholders FY24 dividend on FY23 underway 13 Pictured: Aerial view of Ventia’s office in Cremorne, Melbourne
Slide 22: CEO's address
Ventia | AGM2025 CEO’s address 14
Slide 23: Financial Results FY24
Ventia | AGM2025 Financial Results FY24 $6,105.5m $499.3m $227.9m 91.4% Total Revenue EBITDA NPATA Operating cash flow conversion ▲ Increase of 7.6% on FY23 ▲ increase of 7.3% on FY23 ▲ increase of 12.8% on FY23 ▲ increase of 2.6ppt on FY23 15 Pictured: Telecommunications monopole, Brisbane, Qld
Slide 24: Strong sector performance FY24
Ventia | AGM2025 Strong sector performance FY24 Defence & Social Infrastructure Telecommunications Transport Infrastructure Services $2.6b $1.3b $1.6b $632.4m Revenue Revenue Revenue Revenue ▲ increase of 9.4% on FY23 ▲ increase of 0.8% on FY23 ▲ increase of 14.6% on FY23 decrease of 0.7% on FY23 16
Slide 25: Significant new contracts
Ventia | AGM2025 Significant $19.4b Australian Defence Force – Firefighting Telstra – Strategic Field Maintenance new contracts Work in Hand contract contract ▲ increase of 6.7% on FY23 awarded $564 million revenue $2 billion revenue 6-year term 5-year term 17 Pictured: Members of Ventia’s Firefight
Slide 26: Redefining Service Excellence
Ventia | AGM2025 Redefining Service Excellence We differentiate ourselves by being customer focused, innovative and sustainable. This is our blueprint for success, brought to life by the pride and passion of our people. 18
Slide 27: Customer Focused
Ventia | AGM2025 Customer Maintenance and customer activation services across the nbn® fixed line network Focused Securing the NBN 5-year ~$2.1b 15-year Field Module contract contract, with total revenue partnership 19 2+1 year options Pictured: Ventia employee working on an NBN contract in NSW
Slide 28: Innovation
Ventia | AGM2025 Innovation Ideas Simple and Cross-sector New platform platform scalable collaboration launch powered by AI to unlock employee to drive continuous ideas improvement 20
Slide 29: Sustainable PFAS remediation
Ventia | AGM2025 Sustainable 10 PFAS 350k+ tonnes 300+ million PFAS remediation remediation of PFAS litres of PFAS across our projects since contaminated soil contaminated workforce 2020 remediated water treated 21 Pictured: Ventia working at a PFAS remediation site
Slide 30: Positive outlook for FY25
VENTIA | 2024 Ventia | AGM2025 Positive outlook for FY25 Delivering on Realising sustainable Creating value expectations growth for shareholders FY25 guidance – NPATA growth of 7-10% (excluding the one-off positive impact of the Toowoomba transaction) 2122 Pictured: Rig delivering well services in S
Slide 31: Items of business
Ventia | AGM2025 Items of business 23 Pictured: Ventia Telco technicians perform work on the nbn® fixed line network in Brisbane, Qld
Slide 32: Direct and proxy votes
Ventia | AGM2025 Direct and proxy votes Total number of ASX-listed Ventia shares is 838,728,718 Ventia Services Valid votes For % Against % Abstain Group Limited received Resolution 2 Adoption of 2024 591,398,640 573,111,094 96.91% 17,680,769 2.98% 2,245,189 Remuneration Report Resolution 3 Election
Slide 33: Resolution 1: 2024 Annual Report
Ventia | AGM2025 Resolution 1: 2024 Annual Report To receive and consider the Financial Report, the Directors’ Report and the Auditor’s Report for the financial year ended 31 December 2024. There is no vote on this item. 25
Slide 34: Resolution 2: Adoption of the 2024 Remuneration Report
Ventia | AGM2025 Resolution 2: Adoption of the 2024 Remuneration Report To consider and, if thought fit, Sibylle Krieger, Chair of the People and to pass the following resolution Remuneration Committee, Ventia as a non-binding ordinary resolution: To adopt the 2024 Remuneration Report for the financ
Slide 35: Delivering the LTI in 2025
Ventia | AGM2025 Delivering the LTI in 2025 Overview of LTI FY25 LTI Grant Performance category Performance period Weight FY25 Target Metrics Disclosed in Work in hand Tested as of 31 December 2025 33.33% retrospect in FY25 Remuneration Report Cash conversion ratio Three years preceding the grant ye
Slide 36: Resolution 3: Election of Directors
Ventia | AGM2025 Resolution 3: Election of Directors David Moffatt, Chairman, Ventia To consider and, if thought fit, pass the following resolution as an ordinary resolution: That David Moffatt, who retires in accordance with Rule 8.1 of the Company’s Constitution and, being eligible, be re- elected
Slide 37: Resolution 4: Grant of securities to Managing Director
Ventia | AGM2025 Resolution 4: Grant of securities to the Managing Director and Group Chief Executive Officer under Ventia’s Long Term Incentive Plan To consider and, if thought fit, to pass the following resolution as a non- binding ordinary resolution: That approval is given, for the purposes of A
Slide 38: Questions?
Ventia | AGM2025 Questions? 30
Slide 39: Thank you
ventiaW Thank you
Slide 40: Appendix: FY24 LTI Outcomes
Ventia | AGM2025 Appendix:)FY24 LTI Outcomes FY24 Performance Weighted Measure Target Weighting against measure outcome Comments Work in hand ($m) 20,908 33.3% Threshold Target Maximum 16.7% Work in hand performance was between threshold and target. Threshold Target Maximum Pro forma cash 92.5% 33.3
Slide 41: Disclaimer
Disclaimer This presentation is in summary form and is not necessarily complete. It should be read together with the Company’s Full Year Report 2024 lodged with the ASX on 19 February 2025. This presentation contains information that is based on projected and/or estimated expectations, assumptions o
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