Slide 1: HY24 Results Presentation
HY24 Results Presentation Dean Banks: Chief Executive Officer Mark Fleming: Chief Financial Officer Pictured: Member of Ventia’s transport incident response team, Sydney (NSW)
Slide 2: Acknowledgement of Country and Mihi
HY24 RESULTS PRESENTATION 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
Slide 3: Safety is our licence to operate
HY24 RESULTS PRESENTATION Safety is our licence to operate Pictured: Eastern Distributor Sydney, Transport O&M TRIFR improvement of 1.1% on HY23 SIFR improvement of 68.2% on HY23 • All of us at Ventia are deeply saddened by the passing of a Transport colleague in March. Safety is our number one prio
Slide 4: Solid HY24 provides confidence for full year and beyond
HY24 RESULTS PRESENTATION Solid HY24 provides confidence for full year and beyond Delivering on Realising sustainable Delivering for expectations growth shareholders Renewal rate Interim dividend declared NPATA growth of 12.5% 93% 9.35¢ Delivering dependable and High renewal rate supports Strong div
Slide 5: Strong HY24 financial results
HY24 RESULTS PRESENTATION Strong HY24 Delivering NPATA growth of 12.5% financial results HY24 statutory financials as at 30 June 2024 Total Revenue EBITDA $3,082.5m $245.8m ▲ Increase of 10.6% on HY23 ▲ Increase of 9.2% on HY23 EBITDA Margin NPATA 8.0% $106.7m ▼ Decrease of 10bps on HY23 ▲ Increase
Slide 6: Continued bid success underpins future growth
HY24 RESULTS PRESENTATION Continued bid success underpins future growth Work in Hand $17.2 billion as at 30 June and renewal rate of 93% NBN ODM – On-Demand Business Defence Firefighting – National Deployment module (new contract) contract (expanded scope) Fixed networks - nbn Security and Estate Gr
Slide 7: Redefining Service Excellence is our strategy in action
HY24 RESULTS PRESENTATION Redefining Service Excellence is our strategy in action Client focus Innovation Sustainability Voice of the customer – interviews Cutting edge mobile coverage for large 2030 and 2050 net zero targets validated – conducted across 60+ customers venues 42% scope 1 and 2 reduct
Slide 8: Financial Results
HY24 RESULTS PRESENTATION Financial Results Pictured: Urandangi, QLD (Black spot on QLD NT boarder. Telecommunication team, through nbn, bringing the first mobile service to this remote community) 8
Slide 9: Continuing track record of financial performance
HY24 RESULTS PRESENTATION Continuing track record of financial performance Total Revenue ($m) EBITDA and Margin ($m/%) NPATA ($m) Up 23% since HY22 Up 21% since HY22 245.8 Up 25% since HY22 3,000 120 13% 2,800 225.1 240 12% 100 203.3 2,600 220 11% 2,400 200 10% 80 2,200 3,082.5 9% 8.0% 60 180 2,000
Slide 10: Financial performance illustrates consistent growth profile
HY24 RESULTS PRESENTATION Financial performance illustrates consistent growth profile Statutory HY24 result $ millions HY23 HY24 Delta EBITDA Total revenue 2,786.8 3,082.5 10.6% Contract revenue escalations have provided inflation protection Total expense (2,563.3) (2,837.4) 10.7% Share of JV profit
Slide 11: Performance demonstrates the benefit of a diversified portfolio
HY24 RESULTS PRESENTATION Performance demonstrates the benefit of a diversified portfolio Defence & Infrastructure Social Infrastructure Services Telecommunications Transport Revenue Revenue Revenue Revenue $1.3b ▲ 12.7% $630.2m ▼ 0.4% $782.3m ▲ 19.5% $341.4m ▲6.5% EBITDA EBITDA EBITDA EBITDA $89.0m
Slide 12: Delivering sustainable returns to investors
HY24 RESULTS PRESENTATION Delivering sustainable returns to investors Interim dividend rose 12.5% compared to HY23 Interim dividend declared, payout of 75% NPATA 25.2% growth Interim dividend for HY24 Cash Conversion2 Declared since HY22 cents per share declared1 9 8 Paid Paid 9.35¢ 90.7% Cents per
Slide 13: Opportunity to lengthen and diversify funding mix
HY24 RESULTS PRESENTATION Opportunity to lengthen and diversify funding mix Term Loan 30 June 2024 metrics ($m) Debt Maturity Profile 800 Revolver Cash on hand 363.6 600 Undrawn revolver 400.0 $ millions Total liquidity 763.6 400 Term loan 750.0 200 Lease liabilities 129.8 0 2024 2025 2026 2027 2028
Slide 14: Capital Allocation Framework
HY24 RESULTS PRESENTATION Capital Allocation Framework Focused on driving growth and sustainable shareholder returns Objectives Maintain financial Invest to grow Maximise total strength and flexibility core business shareholder returns Cash generative model: Organic growth: Sustainable distributions
Slide 15: Ventia has a track record of successful bolt-on acquisitions
HY24 RESULTS PRESENTATION Ventia has a track record of successful bolt-on acquisitions Kordia Solutions1 ATC Energy Landscape Solutions2 Year: 2021 Purchase price: $11.2m Year: 2022 Purchase price: $5.7m Year: 2024 Purchase price: $13.4m3 • Introduced new “In-Building Coverage” (IBC) • Expansion int
Slide 16: Outlook
HY24 RESULTS PRESENTATION Outlook Pictured: Ventia Electrician, Infrastructure Services Team – Rig and Well Services on QGC contract, a relationship we have had for more than 13 years 16
Slide 17: Market growth supported by industry tailwinds
HY24 RESULTS PRESENTATION Market growth supported by industry tailwinds Outsourced Maintenance Services addressable market size Australia & New Zealand ($b)1 Key demand drivers CAGR: 6.4% 100.4 94.4 Large and growing asset base 88.9 10.3 83.4 9.9 9.2 8.7 43.2 47.2 Population growth 39.9 36.7 11.9 12
Slide 18: What makes Ventia different – our competitive advantage
HY24 RESULTS PRESENTATION What makes Ventia different – our competitive advantage We are an essential infrastructure services provider, focused on Australia and New Zealand Our Strategy Our People Our Process Our Market Redefining Service People are at the heart of Robust risk and Operating in a res
Slide 19: Delivering on expectations, sustainable growth, long-term value
HY24 RESULTS PRESENTATION Strong HY24 result provides confidence for the full year 1. Delivering on expectations Consistent financial and operational growth 2. Realising sustainable growth Resilient and diversified portfolio within a strong and growing market 3. Creating long-term value for sharehol
Slide 20: Disclaimer
HY24 RESULTS PRESENTATION Disclaimer This presentation is in summary form and is not necessarily complete. It should be read together with the Company’s Half Year Report 2024 lodged with the ASX on 21 August 2024. This presentation contains information that is based on projected and/or estimated exp
Slide 21: Q&A
ventiaW Q&A
Slide 22: Diversified portfolio well protected
HY24 RESULTS PRESENTATION Diversified portfolio well protected Revenue by Revenue by Revenue by client type1 contract profile1 escalation mechanism1 9% 1% 25% 21% 21% 59% 19% 75% 70% Public Schedule of rates Indexation Private Cost Reimbursable Annual Review Fixed cost Cost Reimbursable Short term o
Slide 23: Sectors split by end market
HY24 RESULTS PRESENTATION Sectors split by end market Diversified and resilient portfolio provides consistent financial performance Defence and Social Infrastructure Telecommunications Transport Infrastructure Services 9% 13% 11% 8% 25% 41% 17% 50% 51% 36% 25% 25% 89% Defence Energy, Water, and Rene
Slide 24: High-quality Work in Hand of $17.2b
HY24 RESULTS PRESENTATION High-quality Work in Hand of $17.2b Pictured: Infrastructure Services Transmission and Distribution field technicians (NSW). Work in Hand ($b) down 1.5%1 on HY23 Work in Hand profile ($b) $19.0 $10.0 • Work in Hand $17.2b, half on half growth $8.0 subdued due to delays on l
Slide 25: Thank you
ventiaW Thank you