Slide 1: FY25 Full Year Results Investor Presentation
FY25 Full Year Results Investor Presentation Veris Limited - ASX:VRS August 2025 A fully integrated digital and spatial data advisory and consulting firm
Slide 2: Acknowledgement of Country
Acknowledgement of Country As we are located across 14 offices and perform our We respect and honour Aboriginal and Torres Strait Islander services at many locations, we acknowledge Aboriginal and Elders past, present and future. We acknowledge the stories, Torres Strait Islander peoples as the trad
Slide 3: 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 4: Veris (ASX:VRS): A fully integrated digital and spatial data advisory and consulting firm
Veris (ASX:VRS): A fully integrated digital and spatial data advisory and consulting firm Company Profile Our Services Our Values 450+ 14 Offices SPATIAL INSIGHTS & SOLUTIONS People across Australia ENGINEERING SURVEY Industry Sectors Transport Utilities Government PROPERTY SURVEY CONSULTING & ADVIS
Slide 5: Unlocking Exceptional Value in a $1B+ market
Unlocking Exceptional Value in a $1B + market Significant Market Our value Better Clients, Opportunity proposition Higher Value ▪ Current revenue: circa $100M ▪ Veris enables clients to capture, ▪ Focused on premium client ▪ Serviceable Addressable Market manage, and analyse complex segments with co
Slide 6: Our journey of transformation
Our journey of transformation 1 FY20 2 FY21-22 3 FY21-24 4 FY25 - current Save Stabilise Invest Transform - People - Digitally differentiated - Addressed under - Financial discipline performance - Technology - High margin, high - Efficiencies in value - Restructured operating model - Key client acco
Slide 7: Transform: Executing our Strategy
Transform: Executing our Strategy We’re transforming into a uniquely-positioned professional services firm that is: Digitally Anchored in Value-driven Diversifying differentiated spatial data Shifting from revenue Leveraging cutting- Building on our deep commoditised pricing Expanding beyond edge di
Slide 8: Transform: FY25 Strategy Highlights
Transform: FY25 Strategy Highlights Summary of key milestones, transformation outcomes, and progress against strategic priorities: Spatial Vision Acquisition and Building a Strategic M&A Pipeline Successful acquisition and integration of Spatial Vision to accelerate digital advisory capabilities and
Slide 9: Transform: FY25 Strategy Highlights (cont)
Transform: FY25 Strategy Highlights (cont) Strategic Pursuit of Higher-Value Projects Disciplined pursuit of new work shifted toward larger, higher margin strategic engagements, resulting in a 50% uplift in the value of new projects won in FY25. Investing in Talent and Employee Experience Veris cont
Slide 10: Strategic Acquisition - Spatial Vision
Strategic Acquisition - Spatial Vision Highlights Strategic Fit & Differentiation Strategic & Accretive Spatial Vision Strengths: Acquisition: Seamless integration ▪ 25+ years in GIS & spatial data. with full team engagement. ▪ Strong government and private sector footprint. ▪ Expertise in climate,
Slide 11: Digital Strategy Momentum
Digital Strategy Momentum Veris’ suite of proprietary cloud-based, AI enabled digital platforms allow clients to easily visualise and interrogate spatial data for their most important assets. Ro Ro Ro adS adS adS iDe iDe iDe Greenfields Live Virtual Asset Rapid 3D A Connected Virtual Asset Interacti
Slide 12: FY25 Financial Update
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Slide 13: FY25 Results Summary
FY25 Results Summary A significant turnaround in profitability and key financial metrics, backed by a strong cash position and order book. Revenue Profit before tax Gross Profit Margin Digital & Spatial share of revenue $97.2m $2.0m 36.5% 25% up from $92.6m up from loss of up from 32.6% up from 17%
Slide 14: Execution of Strategic Transformation Driving Profitability
Execution of Strategic Transformation Driving Profitability Veris P&L $M Highlights FY21 FY22 FY23 FY24 FY25 ✓ 5% revenue growth yoy. Revenue 77.4 92.4 100.9 92.6 97.2 ✓ Gross profit margin expansion continuing Gross Profit Margin % 28.9% 30.4% 31.4% 32.6% 36.5% ‒ Larger clients, higher value projec
Slide 15: High Value Projects. Stronger Margins. Strategic Investment
High Value Projects. Stronger Margins. Strategic Investment Revenue & Gross Profit Margin % 110 38.0% 36.5% 100 36.0% Highlights ✓ Larger clients, larger projects, less volume of projects Gross Profit Margin % 90 34.0% Revenue ($m) 80 delivering gross profit margin % expansion 32.6% 32.0% 70 31.4% ‒
Slide 16: Strong Cash Position Underpinning Strategic Growth
Strong Cash Position Underpinning Strategic Growth Improving Operating Cash Flow Conversion Cash Flow Conversion 110 10.0% 100 ▪ Improving cash flow from operations reflecting: Operating Cash Flow ratio % 9.0% 90 80 8.0% – Higher project margin delivery Revenue ($m) 70 60 7.0% – Strong focus on work
Slide 17: Balance Sheet Summary
Balance Sheet Summary Overview Balance Sheet Jun25 Jun24 ▪ Stable balance sheet and capital position Cash 16.6 16.1 – $16.6m cash balance. Debtors & WIP 20.3 18.6 ▪ Strong operational cashflow conversion resulted in P,P&E 8.0 8.9 increased cash balance after considering outlays in FY25 associated wi
Slide 18: Pipeline & Outlook
Ay Zs = veris Pipeline & Outlook
Slide 19: Pipeline
Pipeline A growing pipeline and secured forward workload exceeding $65M. The secured forward workload has increased to over $65 million, providing a strong foundation of committed work to be delivered over the medium to long term. Secured workload has been strengthened by significant project wins in
Slide 20: Outlook
Outlook Veris has a leading client base aligned to diverse industry sectors with a strong growth outlook. Property & Energy & Transport Government Utilities Defence Buildings Resources SAM* $220M $150M $280M $110M $100M $210M CAGR^ 9.5 - 11% 8 – 9.5% 7.5 – 8.5% 10 – 12% 14 – 16% 12 – 14% Key Clients
Slide 21: In summary
In summary Strong Turnaround Cash Strength Returned to profitability with $2.0M profit Robust cash balance of $16.6M. Positioned before tax, reversing FY24’s $4.4M statutory to support future initiatives and capital loss, whilst still investing in strategy. management flexibility. Continued Investme
Slide 22: Thank you
Thank you A fully integrated digital and spatial data advisory and consulting firm. Investor Presentation August 2025 For more information, please contact: Steve Harding CFO (08) 6241 3333 communications@veris.com.au veris.com.au Connect with us on LinkedIn