Verbrec Ltd · ASX:VBC
Verbrec — Shareholder Meeting (2024)
35 slides from Verbrec's shareholder meeting presentation, 2024
Slide 1: Verbrec - evolution engineered
OYverbrec evolution engineered
Slide 2: Disclaimer
Disclaimer 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 and competitive uncert
Slide 3: Board of Directors & CEO
Verbrec 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 en
Slide 4: How to ask questions
Verbrec Annual General Meeting 2024 How to ask questions • 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
Slide 5: How to vote
Verbrec Annual General Meeting 2024 How to vote • 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 cl
Slide 6: Chairperson's Address to Shareholders
Chairperson’s Address to Shareholders 6
Slide 7: 400 Team Members servicing Australia
CORE 3 400 Team Members MARKETS ENERGY MINING INFRASTRUCTURE servicing 3 Australia TRANSITION MARKETS GAS MARKET SUSTAINABLE ELECTRIFICATION / ENERGY STORAGE New Zealand Papua New Guinea TRANSITION MINING Pacific Islands Through strong relationships built on 1 trust, Verbrec enables a PURPOSE Sustai
Slide 8: Safety Zero Harm, Always
LTIFR MTIFR TRIFR FY17 0 2.39 3.59 FY18 0 1.45 4.35 FY19 0 0 0 FY20 0 0 0 FY21 0 0 0 FY22 0 4.35 8.70 Safety FY23 FY24 0 0 1.20 0.00 6.02 4.58 Zero Harm, Always 684 46 8 LEADERSHIP HAZARD YEARS CONVERSATIONS REPORTS SINCE LAST LOST SUBMITTED TIME INJURY 8
Slide 9: Financial Commentary
FY2024 Financial Commentary Change Financial Highlights FY2024 FY2023 to PCP ✓ Highest EBITDA and NPAT since FY2015. Revenue $93.4 m $109.9 m (15.1) % ✓ Highest profit margins since the merger of OSD and Gross Profit $33.4 m $26.9 m 24.2 % LogiCamms in 2019. Gross Margin 35.8 % 24.5 % 46.2 % ✓ Reduc
Slide 10: Strategy
Strategy RELATIONSHIP CLIENTS BEST PEOPLE, GREAT TEAMS BUILD CAPABILITY CLIENT DELIVERY Be the provider of choice for Growing a Culture around the Embracing new technologies Deliver on our promises, on our Chosen Clients best people and teams and skills critical to becoming time, on budget Verbrec’s
Slide 11: CEO's Address to Shareholders
CEO’s Address to Shareholders 11
Slide 12: Verbrec's Partnership Model
1 Verbrec’s Partnership Model 2 Adding value to every stage in the lifecycle of an asset CONCEPT AND FEASIBILITY ENGINEERING CONTRUCTION OPERATIONS END OF LIFE 1 2 3 4 5 EARLY VALUE-ADD CONSTRUCTION AND OPERATIONS & END OF LIFE & ENGAGEMENT ENGINEERING COMMISSIONING MAINTENANCE DECOMISSIONING Verbre
Slide 13: How We Create Value
HOW WE CREATE VALUE: FULL LIFE CYCLE SERVICES Providing services across the full life cycle of an asset, from concept to commissioning and beyond. SUSTAINABLE FOCUS Enabling energy transition through capability driven engineering and training services, aligned with client and government investment i
Slide 14: Growth
Growth ORGANIC GROWTH GEOGRAPHIC EXPANSION ENERGY TRANSITION STACKSON Leveraging our capability and the Aligned with the current trend and StacksOn functionality continues to be Verbrec in FY2024 made progress in talent of our people, by focusing on the needs of our Relationship Clients, enhanced, p
Slide 15: Add Value, Reduce Risk
FY2023 39.5% 60.5% FY2024 Add Value, Reduce Risk 28.3% 71.7% Reimbursable, Operations & Maintenance and Training Fixed and Mixed 15
Slide 16: Our valued Relationship Clients
Our valued Relationship Clients Infrastructure & Defence Mining & Minerals 20 KEY ACCOUNTS 43 MULTI-YEAR PANEL AGREEMENTS 14 Energy & Utilities Energy & Utilities MULTI-YEAR OPERATIONS CONTRACTS
Slide 17: Revenue from Panel / O&M Agreements
FY2023 39.8% 52.7% 7.5% Revenue from Panel FY2024 / O&M Agreements 42.8% 46.3% 10.9% Multi-year Panel Agreement Revenues Multi-year O&M Agreement Revenues 17 Other Project Revenues
Slide 18: Outlook
Verbrec Outlook Tender Win Rate Weighted Tender Win Rate Weighted Forward Forward Pipeline (multi-year): Pipeline (FY2025 remainder): $141.3 million $69.9 million made up of: made up of: • Reporting as at 31 October 2024. • Repeatable revenue is unsecured Opportunity Pipeline Opportunity Pipeline bu
Slide 19: Repeatable Revenue
Verbrec Repeatable Revenue Verbrec Operations & Maintenance Verbrec Panel Agreements Additional Services Multi-year operations and maintenance contracts. Verbrec have 43 multi-year panel agreements in place with $16.7 million Relationship Clients. For each $1.00 in contracted services under these mu
Slide 20: Sustainable Focus Areas
Sustainable Focus Areas 20
Slide 21: Sustainable Focus Areas
Sustainable Focus Areas ELECTRIFICATION & ENERGY GAS MARKET TRANSITION SUSTAINABLE MINING WATER SECURITY STORAGE • Addressing the need for gas firming • Verbrec assists and advises our • Verbrec provides our expertise and • Verbrec is guiding and delivering and renewables rich grid. clients to minim
Slide 22: Market Opportunity
The Evolving Energy Landscape Market Opportunity The Australian Energy Market Operator, in its 2024 Integrated System Plan predicts an annualised capital cost of all utility- scale generation, storage, forming and transmission infrastructure in the optimal development path has a present value of $12
Slide 23: Capturing the Opportunity
Verbrec is already Capturing the Opportunity 17.9% Mining Our awarded contracts are already moving into our Sustainable Focus Infrastructure & Areas Defence 59.7% 22.4% Energy, Manufacturing & Chemical Energy, Manufacturing & Chemical Mining Infrastructure & Defence 3.0% 17.7% 49.8% 55.9% Electrific
Slide 24: Project Highlights
Verbrec Project Highlights 24
Slide 25: Broadlands Biogas Upgrade Facility
First Renewables announced that the First Renewables Biogas to Pipeline Upgrade Facility at Ecogas’ Organics processing facility in Reporoa, New Zealand is now in production. Broadlands Biogas Verbrec provided the front-end and detailed design engineering services for this landmark Upgrade Facility
Slide 26: First major long-term operations and maintenance contract in WA
Verbrec’s Operations & Maintenance business provides full life-cycle services for project delivery from inception through procurement, construction and commissioning, specialising in First major long-term ongoing operations and maintenance of client assets and pipelines. Verbrec awarded its first mu
Slide 27: Australia's largest onshore gas pipeline FEED project
Verbrec specialises in innovative engineering and project delivery solutions to clients – through our Australia’s largest technical specialities, including Automation & Control, Power, Process Plant and Pipelines. onshore gas Verbrec’s engineering team have been recently pipeline FEED awarded the Fr
Slide 28: Competency Training's growing international presence
Competency Training provides a range of hazardous area, high voltage, electrical and renewable energy courses and qualifications to help clients, and their employees advance in the Competency mining, resources, oil, gas, construction and engineering industries. Training’s growing Competency Training
Slide 29: Efficiency for BHP with StacksOn
StacksOn is the digital twin of choice for smarter and more efficient stockyards. StacksOn is a digital twin for stockyards enabling on-spec product in challenging conditions, whilst increasing throughput and reducing downtime. Efficiency for BHP BHP Iron Ore are using StacksOn across their with Sta
Slide 30: Business of the Meeting
Business of the Meeting 30
Slide 31: Resolution 1: Adoption of the Remuneration Report
Verbrec Annual General Meeting 2024 Resolution 1: Adoption of the Remuneration Report 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 2024 be adopted by the Company” For Open
Slide 32: Resolution 2: Re-election of Mr Phillip Campbell as a Director
Verbrec Annual General Meeting 2024 Resolution 2: Re-election of Mr Phillip Campbell as a Director Ordinary Resolution “That, for the purposes of Listing Rule 14.4 and 14.5, and clause 9.2 of the Company’s constitution, Mr Phillip Campbell, being a Director and Chairman of the Company appointed as a
Slide 33: Resolution 3: Amendment to Rights Plan Rules
Verbrec Annual General Meeting 2024 Resolution 3: Amendment to the prior approval of Verbrec Limited Rights Plan Rules Ordinary Resolution “That, for the purposes of Listing Rule 7.2, Exception 13 and for all other purposes, the amendments to the prior approval of Verbrec Limited Rights Plan Rules,
Slide 34: Resolution 4: Termination Benefits
Verbrec Annual General Meeting 2024 Resolution 4: Termination Benefits Ordinary Resolution “That, for the purposes of sections 200B and 200E of the Corporations Act, and all other purposes, approval is provided for the giving of all benefits to any current or future persons who hold a managerial of
Slide 35: Q&A and Meeting Close
Verbrec Annual General Meeting 2024 Q&A and Meeting Close Company Enquiries Investor Relations Media Enquiries Mark Read Joel Voss Joel Voss Chief Executive Officer Company Secretary Company Secretary Mark.Read@verbrec.com Investors@verbrec.com Investors@verbrec.com 3535