Verbrec Ltd · ASX:VBC
Verbrec — Shareholder Meeting (November 2023)
42 slides from Verbrec's shareholder meeting presentation, Nov 29, 2023
Slide 1: Verbrec - evolution engineered
2 OYverbrec ) evolution engineered
Slide 2: Disclaimer
Disclaimer For personal use only This presentation contains certain statements and forecast provided by or on behalf of Verbrec Limited. Any forward-looking statements reflect various assumptions by or on behalf of Verbrec. Accordingly, these statements are subject to significant business, economic
Slide 3: 2023 Annual General Meeting
For personal use only 2023 Annual General Meeting Wednesday, 29 November 2023
Slide 4: Introduction & Meeting Open
For personal use only Introduction & Meeting Open Phillip Campbell
Slide 5: Board of Directors & CEO
Board of Directors & CEO Philip Campbell Non-Executive Chairman Phillip joined Verbrec in October 2019 and is an experienced independent non-executive director on publicly listed and private company boards. His executive experience includes MD and CEO roles in a range of manufacturing and engineerin
Slide 6: Procedural Matters
For personal use only Procedural Matters Phillip Campbell
Slide 7: How to ask questions
How to ask questions For personal use only • To ask a written question select the Q&A icon • Select the topic your question relates to from the drop-down list • Type your question in the text box and press the send button • Type your question in the text box and press the send button • To ask a verb
Slide 8: How to vote
How to vote For personal use only • When the poll is open, select the vote icon at the top of the screen • To vote, select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “click here to change your vote” at any time until the poll is closed Verbrec A
Slide 9: Chairperson's Address
For personal use only Chairperson’s Address Phillip Campbell
Slide 10: Verbrec at a glance
Verbrec at a glance Safety Zero Harm, Always For personal use only LTIFR MTIFR TRIFR 500+ 3 FY16 1.14 1.14 2.28 FY17 0 2.39 3.59 FY18 0 1.45 4.35 TEAM MEMBERS CORE FY19 0 0 0 MARKETS ENERGY MINING INFRASTRUCTURE FY20 0 0 0 ) FY21 0 0 0 FY22 0 4.35 8.70 FY23 0 1.20 6.02 30+ 1 Through strong relations
Slide 11: Chairperson's Address
Chairperson’s Address Changes to Management For personal use only Capital Raise Executive Remuneration & Board • Mark Read (CEO) joined Verbrec in • Placement and Entitlement Offer • Shareholder feedback on old March 2023 announced on 20 November 2023 performance rights plan • Richard Aden (CFO) joi
Slide 12: CEO's Address
For personal use only CEO’s Address Mark Read
Slide 13: Who is Verbrec
Who is Verbrec is a leading Engineering, Asset Management, Infrastructure, Training and Verbrec mining technology services provider, operating across the entire asset life-cycle. Our experienced team is recognised for its responsiveness and agility. We operate across multiple regions, including Aust
Slide 14: Services & Geographical Footprint
Services & Geographical Footprint For personal use only Engineering transformative solutions through full project and asset lifecycle. Verbrec Annual General Verbrec Meeting Investors 2023 Presentation 2023
Slide 15: Corporate Snapshot
Corporate Snapshot Capital Structure For personal use only ASX code VBC Market Cap (as at 31 October 2023) $20.0m Share price (as at 20 November 2023) $0.082 Shares on issue 221.5m Top 5 Shareholders Brian O’Sullivan 31.3% Thorney Investment Group 11.2% Candyblossom/Bloemhof P/L 9.9% GFNA Bartley Fa
Slide 16: Key Messages & Actions
For personal use only Key Messages & Actions Mark Read
Slide 17: Core Principles – Business Improvement
Core Principles – Business Improvement For personal use only Simplify, Protect the Core Client Focus Organic Growth & Risk Mitigation • Verbrec has market leading • Reintroduction of Key Account • 12 Key Clients generate over 40% of capabilities to draw upon Managers to ensure that we our Revenue •
Slide 18: Actions undertaken in last months
Actions undertaken in last 6 months What actions has VBC taken Impact to the business: Status Impact to EBITDA For personal use only Closure on non-profitable sites and Agreement signed for the sale of Completed $2.0M p.a. Sale of non-profitable Training business remaining non-profitable training si
Slide 19: Actions undertaken in last months
Actions undertaken in last 6 months What actions has VBC taken Impact to the business: Status For personal use only Review of StacksOn mining technology business Strategic review of the business and next steps to grow the asset Completed Strengthen Client relationship program Key Account Manager pos
Slide 20: First Quarter FY2024 Results
For personal use only First Quarter FY2024 Results Mark Read
Slide 21: Q1 FY2024 Indicative EBITDA Margin
Q1 FY2024 Indicative EBITDA Margin For personal use only FY2023 EBITDA Margin Indicative Q1 FY2024 EBITDA Margin Engineering (3.2 %) 7.3 % Training (10.7 %) 12.6 % * * Excludes divested training business Note: The above table has been provided for information only. The figures are indicative values
Slide 22: Strategic Initiatives & Growth Strategy
For personal use only Strategic Initiatives & Growth Strategy Mark Read
Slide 23: Enabling a sustainable future for Verbrec, our Clients and their Customers
“Enabling a sustainable future for Verbrec, our Clients and their Customers” To: Leading Energy Transition partner Pre-feasibility Study Of Mid-West For personal use only Shared Infrastructure Broadlands Biogas Upgrade Design Long Duration Battery Energy Storage Concept Studies From: Mid-tier Engine
Slide 24: The Changing Sustainable landscape
The Changing Sustainable landscape Electrification Gas Market Transition Green Commodities For personal use only • Need for Gas “firming” in renewables • Gas as a peaking fuel rather than a • Minimisation of Scope 3 emissions base load fuel • Higher grade commodities (magnetite) “rich” grid for “gre
Slide 25: AEMO 2022 Integrated System Plan
For personal use only *Source: AEMO 2022 Integrated System Plan (ISP) - Infographic
Slide 26: Gas Market Transition
Gas Market Transition For personal use only “In Australia’s National Electricity Market (which does not include Western Australia or the Northern Territory) the system services gas generation provides are crucial. But its overall contribution to the energy mix is anticipated to decrease over the com
Slide 27: Growth – Engineering
Growth – Engineering Key Initiatives & Focus Areas Immediate Projects to Target For personal use only • Support of Key Clients with their Changing Gas Market Transition Sustainable landscape • Engineer changes to Gas pipeline operations • Transition to and electrical economy with Biogas / • Engineer
Slide 28: Growth – Asset Management
Growth – Asset Management Key Initiatives & Focus Areas Immediate Projects to Target For personal use only • Geographical expansion – Multiple opportunities – Major Clients • Strengthen and grow in QLD & WA • Leverage off work being undertaken in QLD • Establish and grow presence in NZ & NT & SA • C
Slide 29: Growth – Infrastructure Services
Growth – Infrastructure Services For personal use only Key Initiatives & Focus Areas Immediate Projects to Target • The Infrastructure Services team is currently resource Additional O&M Contracts constrained • Verbrec designed and built key gas pipelines supplying key Australian Power Infrastructure
Slide 30: Growth – Competency Training
Growth – Competency Training Key Initiatives & Focus Areas Immediate Projects to Target For personal use only Growth Initiatives The growth of the IECEx Accreditation Program • IECEx Expansion (new partners, national and • International accreditation (5 years) for electrical industry international m
Slide 31: StacksOn 3D stockpile yard modelling application
StacksOn™ is a 3D stockpile yard modelling application that enables the visual tracking of material and grades in near real time For personal use only and in an intuitive way. Visibility = profitability StacksOn™ is in active use across a number of stockyards increasing throughput and reducing produ
Slide 32: The StacksOn Difference
The StacksOn Difference For personal use only StacksOn provides a solution for companies with stackers and • Addressing a fundamental issue reclaimers for their Stockpile management including mining and non-mining products both at Port and Mine/Facility in an innovative way • The StacksOn solution i
Slide 33: Growth - StacksOn
Growth - StacksOn Key Initiatives & Focus Areas Future Targets For personal use only Strong Iron Ore Client interest • StacksOn customers, include any companies with a bulk material quality management requirement. • Current contract with BHP for 26 machines with potential Domestically mining compani
Slide 34: Client Feedback - StacksOn
Client Feedback - StacksOn For personal use only Laura Tyler, BHP Chief Technical Officer, World Mining Congress 2023 “So our digital factories got to work and came up with the Product Variability program, which we’ve been using at West Australian Iron Ore. The technology used a Grade Adjustment Mod
Slide 35: Summary
Summary • Led by Mark Read an experienced Engineering Company CEO with a track record of building successful mid tier engineering firms (SKM, For personal use only Sedgman) Positioned to take advantage of growing • Initial review of operations post March 2023 CEO appointment has delivered a material
Slide 36: Business of the Meeting
For personal use only Business of the Meeting Phillip Campbell
Slide 37: Resolution 1: Adoption of the Remuneration Report
Resolution 1: Adoption of the Remuneration Report For personal use only Ordinary Resolution: “That for the purposes of section 250R(2) of the Corporations Act, the remuneration report contained in the Director’s report for the year ended 30 June 2023 be adopted by the Company.” Verbrec Annual Genera
Slide 38: Resolution 2: Re-election of Mr Matthew Morgan as a Director
Resolution 2: Re-election of Mr Matthew Morgan as a Director For personal use only Ordinary Resolution: “That, for the purposes of Listing Rule 14.4 and 14.5, and clause 9.2 of the Company’s constitution, Mr Matthew Morgan, being a Director of the Company appointed as an addition to the Board, who r
Slide 39: Resolution 3: Approval of the Verbrec Limited Rights Plan
Resolution 3: Approval of the Verbrec Limited Rights Plan For personal use only Ordinary Resolution: “That, for the purposes of Listing Rule 7.2, Exception 13, and for all other purposes, the Verbrec Limited Rights Plan (the Plan) and any grants of Rights (as defined in the Plan) issued under the Pl
Slide 40: Resolution 4: Increase of Placement Capacity
Resolution 4: Increase of Placement Capacity For personal use only Ordinary Resolution: “That, for the purposes of Listing Rule 7.1A, the issue of Equity Securities up to 10% of the issued capital of the Company (at the time of issue) calculated in accordance with the formula in Listing Rule 7.1A.2,
Slide 41: Q&A and Meeting Close
For personal use only Q&A and Meeting Close Phillip Campbell
Slide 42: For personal use only
For personal use only