Veris Limited · ASX:VRS
Veris — Investor Presentation (February 2022)
25 slides from Veris's investor presentation, Feb 1, 2022
Slide 1: Leading provider of spatial data services
Leading provider of spatial data services. Investor Update | Feb 2022 ASX:VRS
Slide 2: The Aqura sale transaction
The Aqura sale transaction The Aqura sale transaction delivers $30m cash consideration and represents the crystallisation of significant value for Veris and its shareholders. TRANSACTION PURPOSE USAGE • Sale of 100% of Aqura to Telstra • The Aqura sale is a compelling • This balance sheet strength P
Slide 3: Veris investment highlights
Veris investment highlights Fully Capital Sustained funded strength growth Strongly Differentiated positioned strategy 3
Slide 4: Veris
Veris Driving value through the power of spatial data. Aqura Technologies With over 530 personnel and 18 New leadership team Subject matter experts transaction delivers $30m office locations across driving strategy and best in spatial data services cash consideration and Australia, Veris combines fo
Slide 5: 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 6: Veris Australia has a leading client base
Veris Australia has a leading client base Property Infrastructure Mining and Defence Utilities Government Resources 6
Slide 7: Industry overview
Industry overview Survey and Mapping industry Many small-scale firms operating in specific locations or niche service markets. Market size of sector $3.0bn (IBISWorld) implying Veris Australia has a market share of~2.5%. Industry growth expectations are for 1.5% pa, a turnaround after five years of
Slide 8: Well positioned in key markets
Well positioned in key markets Property Infrastructure Defence Growth in greenfields $275 billion of public infrastructure $270 billion to be invested by the residential, urban renewal and projects set to be underway by 2023 – Australian Government over the strata developments as an almost 50% incre
Slide 9: 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 10: 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 2008 2011 2014 2015
Slide 11: Veris today
Veris today New leadership team driving strategy and best for business outcomes. Cost rationalisations and efficiencies Investment in strategy Internal Financial Built an Key Account Technology & efficiency and discipline and Leadership Indigenous Employer focus and Capability operational project te
Slide 12: Our pivot is accelerating our growth
Our pivot is accelerating our growth 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
Slide 13: Subject matter experts
Subject matter experts The Veris difference is it collects, holds and understands the data. Competitor’s siloed delivery model Spatial data business Surveying We collect, hold and E.g. Fyfe, Taylors understand the data Aerial Map Geographic reach and E.g. Aerometrex breath of expertise Data Storage
Slide 14: 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 15: Investing in leading edge technologies
Investing in leading edge technologies Aerial and mobile These transformative Veris is investing in When combined with LiDAR, Artificial technologies enable these leading-edge the long-standing Intelligence, Machine the rapid digitalisation technologies to capability of Veris in Learning and Digital
Slide 16: 3D data capture
3D data capture Recent investment made in state-of-the-art 3D data capture technology includes: Upgraded and Mobile laser Terrestrial laser Metrology and Hydrographic expanded fleet of scanning scanning engineering services unmanned aerial vehicles (UAVs) 16
Slide 17: 3SiDe – the full value of 3D data
3SiDe – the full value of 3D data 3SiDe is our secure cloud-based data hosting and visualisation platform. It allows users to easily access, interrogate and download 3D data from the cloud to desktop through a web browser. Problem Most users don’t have the data storage capacity nor the technical ski
Slide 18: Vantage – GIS web portal with single source of up-to-date data
Vantage – GIS web portal with single source of up-to-date data Vantage is our web-based GIS portal that efficiently manages data during the planning and construction phases of greenfield projects. Problem It’s difficult for developers to store, access, manage and visualise the vast amount of data re
Slide 19: 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 20: 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 21: Transformation
Transformation Fully funded Strongly positioned Capital strength Differentiated strategy Sustained growth • Veris is fully funded • A well capitalised, • $30m capital from • Pivot towards the • Strong progress with strong core simplified pure-play the sale of Aqura delivery of value transforming Ver
Slide 22: Summary overview
Summary overview Fully Capital Sustained funded strength growth Strongly Differentiated positioned strategy 22
Slide 23: Capital structure
Capital structure Corporate Snapshot Veris Australia ASX Code VRS FY21 FY20 Share Price (31 Jan 2022) $0.075 Revenue $77.4m $74.8m Market Capitalisation (31 Jan 2022) $39.2m Underlying EBITDA $7.4 $0.8m Shares on Issue 522.7m EBITDA Margin 9.6% 1.1% Substantial Shareholders Sherkane Group 17.0% Adam
Slide 24: 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 25: Contact us
Contact us Level 12, 3 Hasler Road Osborne Park, Western Australia 6017 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