Verbrec Ltd · ASX:VBC
Verbrec — Shareholder Meeting (November 2024)
35 slides from Verbrec's shareholder meeting presentation, Nov 29, 2024
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 For personal use o
Slide 3: Board of Directors & CEO
Verbrec Board of Directors & CEO Philip Campbell Non-Executive Chairman Phillip joined Verbrec in October 2019 and is an experienced independent non-executive director on publicly listed and private company boards. His executive experience includes MD and CEO roles in a range of manufacturing and en
Slide 4: How to ask questions
Verbrec Annual General Meeting 2024 How to ask questions For personal use only • To ask a written question select the Q&A icon • Select the topic your question relates to from the drop- down list • Type your question in the text box and press the send button • Type your question in the text box and
Slide 5: How to vote
Verbrec Annual General Meeting 2024 How to vote For personal use only • When the poll is open, select the vote icon at the top of the screen • To vote, select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “click here to change your vote” at any tim
Slide 6: Chairperson's Address to Shareholders
For personal use only Chairperson’s Address to Shareholders 6
Slide 7: Core markets and purpose
3 400 Team Members For personal use only CORE MARKETS ENERGY MINING INFRASTRUCTURE servicing 3 Australia TRANSITION MARKETS GAS MARKET SUSTAINABLE ELECTRIFICATION / ENERGY STORAGE New Zealand Papua New Guinea TRANSITION MINING Pacific Islands Through strong relationships built on 1 trust, Verbrec en
Slide 8: Safety: Zero Harm, Always
LTIFR MTIFR TRIFR FY17 0 2.39 3.59 FY18 0 1.45 4.35 FY19 0 0 0 For personal use only FY20 0 0 0 FY21 0 0 0 FY22 0 4.35 8.70 Safety FY23 FY24 0 0 1.20 0.00 6.02 4.58 Zero Harm, Always 684 46 8 LEADERSHIP HAZARD YEARS CONVERSATIONS REPORTS SINCE LAST LOST SUBMITTED TIME INJURY 8
Slide 9: FY2024 Financial Commentary
FY2024 Financial Commentary Change Financial Highlights FY2024 FY2023 to PCP For personal use only ✓ Highest EBITDA and NPAT since FY2015. Revenue $93.4 m $109.9 m (15.1) % ✓ Highest profit margins since the merger of OSD and Gross Profit $33.4 m $26.9 m 24.2 % LogiCamms in 2019. Gross Margin 35.8 %
Slide 10: Strategy
For personal use only Strategy RELATIONSHIP CLIENTS BEST PEOPLE, GREAT TEAMS BUILD CAPABILITY CLIENT DELIVERY Be the provider of choice for Growing a Culture around the Embracing new technologies Deliver on our promises, on our Chosen Clients best people and teams and skills critical to becoming tim
Slide 11: CEO's Address to Shareholders
For personal use only CEO’s Address to Shareholders 11
Slide 12: Verbrec's Partnership Model
1 Verbrec’s Partnership Model 2 Adding value to every stage in the lifecycle of an asset CONCEPT AND FEASIBILITY ENGINEERING CONTRUCTION OPERATIONS END OF LIFE For personal use only 1 2 3 4 5 EARLY VALUE-ADD CONSTRUCTION AND OPERATIONS & END OF LIFE & ENGAGEMENT ENGINEERING COMMISSIONING MAINTENANCE
Slide 13: How We Create Value
HOW WE CREATE VALUE: FULL LIFE CYCLE SERVICES Providing services across the full life cycle of an asset, from concept to commissioning and beyond. For personal use only SUSTAINABLE FOCUS Enabling energy transition through capability driven engineering and training services, aligned with client and g
Slide 14: Growth
For personal use only Growth ORGANIC GROWTH GEOGRAPHIC EXPANSION ENERGY TRANSITION STACKSON Leveraging our capability and the Aligned with the current trend and StacksOn functionality continues to be Verbrec in FY2024 made progress in talent of our people, by focusing on the needs of our Relationshi
Slide 15: Add Value, Reduce Risk: contract mix
FY2023 39.5% For personal use only 60.5% FY2024 Add Value, Reduce Risk 28.3% 71.7% Reimbursable, Operations & Maintenance and Training Fixed and Mixed 15
Slide 16: Our valued Relationship Clients
Our valued Relationship Clients For personal use only Infrastructure & Defence Mining & Minerals 20 KEY ACCOUNTS 43 MULTI-YEAR PANEL AGREEMENTS 14 Energy & Utilities Energy & Utilities MULTI-YEAR OPERATIONS CONTRACTS
Slide 17: Revenue from Panel / O&M Agreements
FY2023 39.8% For personal use only 52.7% 7.5% Revenue from Panel FY2024 / O&M Agreements 42.8% 46.3% 10.9% Multi-year Panel Agreement Revenues Multi-year O&M Agreement Revenues 17 Other Project Revenues
Slide 18: Verbrec Outlook
Verbrec Outlook Tender Win Rate Weighted Tender Win Rate Weighted Forward Forward Pipeline (multi-year): Pipeline (FY2025 remainder): $141.3 million $69.9 million For personal use only made up of: made up of: • Reporting as at 31 October 2024. • Repeatable revenue is unsecured Opportunity Pipeline O
Slide 19: Repeatable Revenue
Verbrec Repeatable Revenue Verbrec Operations & Maintenance Verbrec Panel Agreements Additional Services For personal use only Multi-year operations and maintenance contracts. $16.7 million Verbrec have 43 multi-year panel agreements in place with Relationship Clients. For each $1.00 in contracted s
Slide 20: Sustainable Focus Areas
For personal use only Sustainable Focus Areas 20
Slide 21: Sustainable Focus Areas
For personal use only Sustainable Focus Areas ELECTRIFICATION & ENERGY GAS MARKET TRANSITION SUSTAINABLE MINING WATER SECURITY STORAGE • Addressing the need for gas firming • Verbrec assists and advises our • Verbrec provides our expertise and • Verbrec is guiding and delivering and renewables rich
Slide 22: The Evolving Energy Landscape
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 For pe
Slide 23: Verbrec is already Capturing the Opportunity
Verbrec is already Capturing the Opportunity 17.9% Mining For personal use only Our awarded contracts are already moving into our Sustainable Focus Infrastructure & Areas Defence 59.7% 22.4% Energy, Manufacturing & Chemical Energy, Manufacturing & Chemical Mining Infrastructure & Defence 3.0% 17.7%
Slide 24: Verbrec Project Highlights
For personal use only Verbrec Project Highlights 24
Slide 25: Broadlands Biogas Upgrade Facility
First Renewables announced that the First For personal use only Renewables Biogas to Pipeline Upgrade Facility at Ecogas’ Organics processing facility in Reporoa, New Zealand is now in production. Broadlands Biogas Verbrec provided the front-end and detailed design engineering services for this land
Slide 26: First major long-term operations and maintenance contract in WA
Verbrec’s Operations & Maintenance business provides full life-cycle services for project delivery from inception through procurement, For personal use only construction and commissioning, specialising in First major long-term ongoing operations and maintenance of client assets and pipelines. Verbre
Slide 27: Australia's largest onshore gas pipeline FEED project
For personal use only Verbrec specialises in innovative engineering and project delivery solutions to clients – through our Australia’s largest technical specialities, including Automation & Control, Power, Process Plant and Pipelines. onshore gas Verbrec’s engineering team have been recently pipeli
Slide 28: Competency Training's international presence
For personal use only Competency Training provides a range of hazardous area, high voltage, electrical and renewable energy courses and qualifications to help clients, and their employees advance in the Competency mining, resources, oil, gas, construction and engineering industries. Training’s growi
Slide 29: Efficiency for BHP with StacksOn
StacksOn is the digital twin of choice for smarter For personal use only and more efficient stockyards. StacksOn is a digital twin for stockyards enabling on-spec product in challenging conditions, whilst increasing throughput and reducing downtime. Efficiency for BHP BHP Iron Ore are using StacksOn
Slide 30: Business of the Meeting
For personal use only Business of the Meeting 30
Slide 31: Resolution 1: Adoption of the Remuneration Report
Verbrec Annual General Meeting 2024 Resolution 1: Adoption of the Remuneration Report For personal use only Ordinary Resolution “That for the purposes of section 250R(2) of the Corporations Act, the remuneration report contained in the Director’s report for the year ended 30 June 2024 be adopted by
Slide 32: Resolution 2: Re-election of Mr Phillip Campbell
Verbrec Annual General Meeting 2024 Resolution 2: Re-election of Mr Phillip Campbell as a Director For personal use only Ordinary Resolution “That, for the purposes of Listing Rule 14.4 and 14.5, and clause 9.2 of the Company’s constitution, Mr Phillip Campbell, being a Director and Chairman of the
Slide 33: Resolution 3: Amendment to Rights Plan Rules
Verbrec Annual General Meeting 2024 Resolution 3: Amendment to the prior approval of Verbrec Limited Rights Plan Rules For personal use only Ordinary Resolution “That, for the purposes of Listing Rule 7.2, Exception 13 and for all other purposes, the amendments to the prior approval of Verbrec Limit
Slide 34: Resolution 4: Termination Benefits
Verbrec Annual General Meeting 2024 Resolution 4: Termination Benefits For personal use only Ordinary Resolution “That, for the purposes of sections 200B and 200E of the Corporations Act, and all other purposes, approval is provided for the giving of all benefits to any current or future persons who
Slide 35: Q&A and Meeting Close
Verbrec Annual General Meeting 2024 For personal use only Q&A and Meeting Close Company Enquiries Investor Relations Media Enquiries Mark Read Joel Voss Joel Voss Chief Executive Officer Company Secretary Company Secretary Mark.Read@verbrec.com Investors@verbrec.com Investors@verbrec.com 3535