Slide 1: FY2017 Results Presentation
For personal use only FY2017 Results Presentation August 2017 Veris invite you to join a conference call at which, Managing Director, Adam Lamond and CFO, Brian Mangano will be presenting these results. Call details are as follows: Date: 17 August 2017 Time: 11:15am AEST Duration: Approximately 60 M
Slide 2: Veris is a national professional services business
For personal use only Veris is a national professional services business in surveying, planning, urban design and geospatial services Slide 2
Slide 3: Executive Summary
Executive Summary For personal use only – Group EBITDA $9.8m – Strong second half – Professional Services revenue $66.8m, up 40% FY17 Results – Professional Services EBITDA $9.4m, up 16%, including partial contribution from new acquisitions in FY2017 – Cash $14.6m, net cash $3.0m – Full year dividen
Slide 4: Financial Results
For personal use only Financial Results Slide 4
Slide 5: FY17 Results
FY17 Results For personal use only Professional Services revenue increased 40% to $66.8m and corresponding EBITDA increased 16% to $9.4m. Group revenue fell 11%. The infrastructure construction division (OTOC Australia) completed its largest project (Nauru) in FY17 and will be discontinued. $m FY17
Slide 6: Segment Analysis
Segment Analysis For personal use only Surveying Professional Services OTOC Australia Infrastructure (Construction) $70 $66.8 $80 $73.0 $60 $70 $47.8 $60 $50 $50 $41.1 $40 $40 $30 $30 $20 $20 $9.4 $12.5 $8.1 $10 $10 $4.2 $0 $0 FY16 FY17 FY16 FY17 Revenue $m EBITDA $m Revenue $ EBITDA $ – Strong perf
Slide 7: 1H vs. 2H Results
1H vs. 2H Results For personal use only Surveying Professional Services OTOC Australia Infrastructure (Construction) $40 $37.3 $30 $25.5 $35 $29.5 $25 $30 $20 $25 $15.6 $20 $15 $15 $10 $10 $5.9 $3.5 $5 $3.0 $5 $1.2 $0 $0 1H 2H 1H 2H Revenue $m EBITDA $m Revenue $m EBITDA $m – 2H FY17: Survey revenue
Slide 8: Cash Flow and Balance Sheet
Cash Flow and Balance Sheet For personal use only Sufficient cash and undrawn facilities to fund national surveying strategy and additional acquisitions Cash Flow Balance Sheet $m FY17 FY16 $m FY17 FY16 Cash flow generated from operations 7.0 16.4 Cash 14.6 13.0 Net interest & tax (0.6) (0.6) Hire P
Slide 9: Corporate Directory
Corporate Directory For personal use only Capital Structure Summary Share price (ASX: VRS) $0.16 Ordinary shares 325.7m • Strong second half EBITDA and Revenue Market capitalisation $52m • Significant increase in professional services revenue Cash (30-June-17) $15m • High second half cash conversion
Slide 10: Disclaimer
Disclaimer For personal use only 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
Slide 11: Thank you
For personal use only Thank you Adam Lamond Managing Director – Perth Level 12, 3 Hasler Road T 08 9317 0600 Locked Bag 9 F 08 9317 0611 Osborne Park WA 6017 veris@veris.com.au Australia veris.com.au Slide 11