Veris Limited · ASX:VRS
Veris — Investor Presentation (March 2022)
20 slides from Veris's investor presentation, Mar 1, 2022
Slide 1: H1 FY22 Results & Investor Presentation
H1 FY22 Results & Investor Presentation March 2022 Michael Shirley, CEO Steve Harding, CFO
Slide 2: Veris
Veris A strongly positioned, well capitalised, simplified pure-play spatial data services business Year-on-year Strong, Positioned for Fully funded Combining Clear, refined revenue, committed and sustained with strong core national strength and progressing earnings and identified success competency
Slide 3: Veris investment highlights
Veris investment highlights Planning National operating Professional Value platform services approach through data The national surveying, To be sustainable, we need a Our strategy pivots us towards Trusted spatial planning and digital and professional services the delivery of value through data bus
Slide 4: A solid foundation
A solid foundation Providing a platform for growth BY WE HAVE • addressing under • positioned performance ourselves to win • restructuring the • engaged staff and business the market • stabilising • a platform for growth operations that delivers on our spatial data business strategy. • developing a
Slide 5: Normalised EBITDA summary – FY20-22
Normalised EBITDA summary – FY20-22 Pre- COVID impacted HIGHLIGHTS COVID • Revenue growth of 9.4% compared H1 FY20 H1 FY21 H1 FY22 Growth to the pcp to $42.6m, despite the rate unprecedented level of uncertainty $m $m $m FY21-22 created by the COVID-19 pandemic Veris Aust Revenue 40.1 38.9 42.6 9.4%
Slide 6: Areas of financial performance
Areas of financial performance Overall performance Gross Margin Revenue per per hour hour Working Capital 25% 17% 80 70 60 FY19 - current FY19 – current 50 Days 40 30 20 Sydney Gross NSW Regional 10 Margin per hour contribution 0 30% 200% FY19 FY21 WIP Debt Dec19 – Dec21 Dec19 Contribution (13%) Dec
Slide 7: Areas of financial performance
Areas of financial performance Digital & Spatial Gross Margin Revenue Gross Margin Gross Margin per per hour comparison hour (NSW) 82% FY19 – FY21 50% Up on budget 44% Per hour higher than overall 50% Higher than base business QLD TAS Revenue Revenue Gross Margin Gross Margin Growth Growth per hour
Slide 8: Aqura sale – use of funds
Aqura sale – use of funds Funds from the sale of Aqura will allow Veris to continue to deliver on the plan for a sustainable profitable business including; Capital management Balance sheet to Technology and Continued strategies to enhance support business equipment investment in shareholder returns
Slide 9: Investment to support our growth pathway
Investment to support our growth pathway We have positioned the business for sustained success and built the foundations for future growth with investment in key areas. Technology Capability Geographies Sectors 9
Slide 10: Veris Australia platform
Veris Australia platform Our strategy is clear, refined and is progressing, with Sustainable Sustainable core elements of Profit Dividends the strategy showing results We will grow sustainably in a We will have a strong balance sheet We have a positive outlook measured and performed way allowing us
Slide 11: Appendix: Veris – national leader in spatial data services
Appendix Veris – national leader in spatial data services 11
Slide 12: Who we are and how we deliver solutions to clients
Who we are and how we deliver solutions to clients Veris Australia is a leading provider of spatial data services. Engineering Property Survey Survey Civil construction and Land surveying, cadastral engineering survey and consulting solutions for solutions for major urban renewal and infrastructure.
Slide 13: Veris Australia platform
Veris Australia platform 2019/2020 • Establishment of new Leadership Team • Internal efficiency and operational overheads • Financial discipline and project controls 2021/2022 • Key Account focus and growth • Technology and Capability Investment • Built an Employer Brand Identity • Indigenous Partic
Slide 14: Veris Australia has a leading client base
Veris Australia has a leading client base Property Infrastructure Mining and Defence Utilities Government Resources 14
Slide 15: Smarter decision-making through the power of spatial data
Smarter decision-making through the power of spatial data Veris are experts in all aspects of spatial data – from collecting measurements in the field to applying the latest 3D data capture, AI, analysis, modelling and visualisation technologies. • High-Quality fit-for purpose • Securely store the d
Slide 16: 3SiDe + Vantage = DaaS
3SiDe + Vantage = DaaS • The tools are about easy, 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 data through visualisations to extract insights witho
Slide 17: Innovative, end-to-end spatial solutions delivering value for our clients
Innovative, end-to-end spatial solutions delivering value for our clients We are already unlocking the power of these solutions on a portfolio of current projects. Cliff Stability Modelling Tunnel Paradise Gorge and Visualisation Monitoring Landslide Monitoring South Australia NSW Tasmania • First p
Slide 18: Veris Australia pipeline
Veris Australia pipeline We have a strong, committed and identified pipeline of work. Despite the current In addition to our Healthy, unsecured Strong focus on economic uncertainty forward workload, we project pipeline conversion of due to COVID-19, our anticipate ongoing has continued to identified
Slide 19: Disclaimer
Disclaimer This Document should not be considered as an offer or law, Veris and its officers, employees, related bodies corporate invitation to subscribe for or purchase any securities in Veris and agents (‘Associates’) disclaim all liability, direct, indirect or Limited (“Veris” or the “Company”) o
Slide 20: Contact us
Contact us Investor and Media Relations enquiries: Steve Harding Phone: (08) 6241 3333 Email: communications@veris.com.au Simon Hinsley Phone: +61 401 809 653 Email: simon@nwrcommunications.com.au