Slide 1: Annual General Meeting 20 October 2021
For personal use only Annual General Meeting 20 October 2021
Slide 2: Acknowledgement to Country
For personal use only Acknowledgement to Country We acknowledge the Traditional Custodians of the land on which we meet today, we acknowledge the Whadjuk people of the Noongar nation and pay our respects to the Elders past, present and emerging. 2
Slide 3: Veris Limited – company structure
For personal use only Veris Limited – company structure OUR INDUSTRIES Veris Australia is a leading Aqura Technologies is an spatial data services business. industry leader in the provision of Property Infrastructure Government innovative technology solutions. OUR SERVICES Engineering survey Industr
Slide 4: Veris Limited Financials
For personal use only Veris Limited Financials 4
Slide 5: Veris Limited – FY21 financial dashboard
Veris Limited – FY21 financial dashboard $m FY20 FY21 % mvmt Group P&L For personal use only • Continued strong growth in revenue from Aqura coupled Veris Australia revenue 74.8 77.4 +4% with solid revenue growth by Veris Aust in spite of the COVID-impacted operating environment. Aqura Technologies
Slide 6: Veris Australia FY21 results
Veris Australia FY21 results $m FY20 FY21 % mvmt For personal use only Veris Australia revenue 74.8 77.4 +4% Underlying EBITDA 0.8 7.4 +806% EBITDA Margin % 1.1% 9.6% • Solid revenue growth by Veris Aust in spite of the COVID-impacted operating environment including regular snap lockdowns and string
Slide 7: Aqura Technologies FY21 results
Aqura Technologies FY21 results For personal use only $m FY20 FY21 % mvmt Aqura Technologies revenue 19.3 22.1 +15% Underlying EBITDA 1.0 1.6 +49% EBITDA Margin % 5.4% 7.0% • Strong revenue growth in spite of operations being impacted by continued COVID-restrictions (impacting staff movements, proje
Slide 8: Veris Australia
For personal use only Veris Australia 8
Slide 9: Who we are
Who we are Veris Australia is a leading provider of spatial data services. For personal use only Engineering Digital & Property Planning and Survey Spatial Survey Urban Design Civil construction and 3D scanning, digital & Land surveying, Due diligence, structure engineering survey spatial data captu
Slide 10: Veris today – what we have implemented
Veris today – what we have implemented Through FY21 we have implemented significant cost efficiencies and have made investments for our growth strategy for the future. For personal use only Cost rationalisations and Investment in strategy efficiencies Internal Financial Built an Key Account Technolo
Slide 11: COVID-19: Staff wellbeing and COVID impacts
COVID-19: Staff wellbeing and COVID impacts Staff Wellbeing For personal use only Providing flexibility and support to our people in challenging times Flexible work Additional leave for arrangements vaccine uptake Mental Health Care packs for staff in awareness and extended lockdowns check-ins COVID
Slide 12: Areas of progress
For personal use only Areas of progress Increase on Increase in Increase in Regional Gross Margin Revenue per hour Contributions 10% 15% Relative compared Compared to FY19 FY21 to FY19 & FY20 Reduction in Increase in utilisation Share of revenue overheads despite COVID from key clients $7.2m 39% FY2
Slide 13: Leading, evolving and expanding our business to a trusted spatial data business
Leading, evolving and expanding our business to a trusted spatial data business For personal use only The profitable base To be sustainable, Our strategy surveying business we need a professional pivots us towards the provides a platform for services approach, that is delivery of value through growt
Slide 14: Delivering on our strategy – Digital & Spatial
Delivering on our strategy – Digital & Spatial High value spatial data service offering For personal use only ▪ High-quality, ▪ Securely store the fit-for-purpose data data for the client ▪ Efficient, rapid capture ▪ Make the data easily and processing. accessible. Growth ▪ Enable our clients to ▪ M
Slide 15: Delivering on our strategy - 3SiDe
Delivering on our strategy - 3SiDe 3SiDe is our secure cloud-based data delivery and visualisation platform. It allows users to easily For personal use only access, interrogate and download 3D data from the cloud to desktop through a web browser Problem Most users don’t have the technical skills to
Slide 16: Delivering on our strategy - Vantage
Delivering on our strategy - Vantage Vantage is a web-based GIS portal that efficiently manages data during the planning and construction For personal use only phases of greenfield projects. Problem It’s difficult for developers to access, manage and visualise the vast amount of data required during
Slide 17: Delivering on our strategy – 3SiDe + Vantage = DaaS
Delivering on our strategy – 3SiDe + Vantage = DaaS ▪ The tools are about easy, For personal use only secure access to spatial data. ▪ The unique aspect of spatial data is that it is visual - Its value is commonly represented in maps and 3D models. ▪ Our DaaS enables people to draw value from the da
Slide 18: Delivering on our strategy - Innovative, end-to-end spatial solutions
Delivering on our strategy - Innovative, end-to-end spatial solutions We are already unlocking the power of these solutions on a portfolio of current projects. For personal use only Cliff Stability Modelling and Tunnel Monitoring Paradise Gorge Landslide Visualisation Monitoring South Australia NSW
Slide 19: Delivering on our strategy – Wumara Group
Delivering on our strategy – Wumara Group Veris has established an Alliance with Wumara Group - a majority Indigenous owned land For personal use only and construction surveying company. The Alliance provides opportunities to: ▪ Work together to assist in closing the gap between Indigenous and non-I
Slide 20: Delivering on our strategy – Employer Brand Identity
Delivering on our strategy – Employer Brand Identity Our people are the heart of our business. When clients come to us to deliver their projects, they don’t For personal use only just get one of us or even some of us, they get all of us – our collective knowledge, expertise and effort. We are commit
Slide 21: Delivering on our strategy – Key Account Focus
Delivering on our strategy – Key Account Focus Our focus on key accounts is already starting to deliver results, with a Key Account Management For personal use only Program established and aligning the business to clients who see value in the national presence and multi-disciplinary expertise of Ver
Slide 22: Strategic focus - areas of new investment
Strategic focus - areas of new investment to support our growth pathway For personal use only We have positioned the business for sustained success and built the foundations for future growth with investment in key areas. Sectors Geographies Capability Technology Annual General Meeting 2021 22
Slide 23: Veris Australia Outlook
For personal use only Veris Australia Outlook 23
Slide 24: Market outlook
Market outlook Veris is well positioned in key markets that have a positive growth outlook. For personal use only Growth in greenfields Increased investment residential and strata in major projects as Industry at a Glance 3 developments as well as significant market fundamentals budgets for sustaini
Slide 25: Veris Australia pipeline
Veris Australia pipeline We have a strong, committed and identified pipeline of work. For personal use only Despite the current economic uncertainty due to COVID-19, our secured forward workload is in excess of $45m. In addition to our forward workload, we anticipate ongoing project variation and di
Slide 26: Veris Australia Summary
Veris Australia Summary FY21 has been a year of challenge and progress for Veris Australia. For personal use only ▪ Restructure and rebuild is having an impact despite the challenging operating environment, demonstrating the strength of our strategy and approach. ▪ Significant financial progress bei
Slide 27: Aqura Technologies
For personal use only AQURA Technologies 27
Slide 28: Company snapshot
Company snapshot Aqura Technologies is focused on the development and delivery of high-performance technology solutions leveraged to the digital transformation thematic driven by advanced productivity, safety and For personal use only employee wellbeing. National Presence FIFO Staff Industrial Compl
Slide 29: Track record and outlook
For personal use only Track record and outlook Revenue Growth Work in Hand & Pipeline 22.4M 65.0M ▪ Current WIH $9.4m at the 19.4M commencement of FY22. 14.7M ▪ Healthy, unsecured project 12.4M pipeline has a weighted 16.0M value of over $81m. 6.2M 6.7M 9.4M ▪ Contract awards on the back of the Aqur
Slide 30: Strategy execution
Strategy execution Aqura has delivered exceptional organic growth since inception in 2016, with our business model focused on delivering high-performance technology & telecommunications solutions. For personal use only Industrial Private Blue Chip Transition to an Clear roadmap for Network Leaders C
Slide 31: Recent contract awards
Recent contract awards Private 4G LTE For personal use only Pilbara Network North Queensland Private LTE Network Successfully Private 5G Enabled LTE Network Design, Supply & Install Delivered Design, Supply & Install & Village CAN award. Pilbara Complete Access Networks Design, Supply & Install Pert
Slide 32: Aqura 5G platform
Aqura 5G platform While Private 4G/LTE still has a long product lifecycle ahead, Aqura are focussed on emerging market opportunities, Aqura’s expertise and execution models are ideally placed to lead the For personal use only emerging market for private 5G. 5G Networks Opportunity Benefits to Custom
Slide 33: Company pipeline
Company pipeline Aqura’s quality service offering with it’s blue chip customer base has resulted in repeat projects due to the quality and value proposition of it’s product solutions. For personal use only Infrastructure Mining Oil & Gas Defence Aged Care & Utilities ▪ Digital adoption in the mining
Slide 34: Summary
Summary ✓ Unique technological design and execution capabilities and experience within a strong internal workforce. For personal use only Market-leading skill-set ✓ Acknowledged as industry telecommunications leaders within industrial private 4G and emerging 5G networks. High-performance ✓ Market-le
Slide 35: Veris Limited
For personal use only Veris Limited 35
Slide 36: Demerger update
Demerger update On 12 August 2021 Veris announced it’s intention to Demerge Aqura Technologies via For personal use only a separate ASX listing. Why the Demerger: • The Demerger will simplify the Group structure. • Better positions both Aqura and Veris Australia for growth via direct access to capit
Slide 37: Q&A
For personal use only Q&A 37
Slide 38: Disclaimer
For personal use only Disclaimer This Document should not be considered as an offer or invitation to subscribe for or purchase any securities in Veris Limited (“Veris” or the “Company”) or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for