For personal use only Veris Limited (ASX : VRS) Presentation to - PowerPoint PPT Presentation

For personal use only Veris Limited (ASX : VRS) Presentation to Institutional Investors Hosted by Baillieu Holst 20 June 2018 Page | 1

Agenda For personal use only Description 1 Veris Strategy 2 Integration 3 Professional and Advisory 4 Surveying 5 Geospatial 6 Case studies 7 Investment Highlights Page | 2

Executive Team For personal use only – Founder and Managing Director of OTOC when it listed on the ASX in Adam MANAGING DIRECTOR 2011 and Managing Director of Veris since March 2017 Lamond – Strategic development of Veris as a national professional services firm – Experience in publicly listed companies in the professional services, Brian engineering/construction, technology and resource sectors, as a Chief CHIEF FINANCIAL OFFICER Mangano Financial Officer and Managing Director – Chartered Accountant with over 25 years experience – Founder of Elton Consulting. Trusted advisor to public, private and not-for- Brian profit sectors in city making, strategy, planning and human services. EXECUTIVE DIRECTOR Elton – Fellow of the Planning Institute of Australia and a Member of the Australian Institute of Company Directors. – Highly regarded leader in professional services surveying and geospatial Simon EXECUTIVE GENERAL sectors, including serving as General Manager of Fugro Clode MANAGER - SURVEYING – Outstanding track record of managing multinational businesses in Australia and Asia – Over 25 years in executive management roles in professional advisory Kim CHIEF EXECUTIVE services, NSW state government and local government ELTON CONSULTING Anson – Previously General Manager of Marrickville and Waverley Councils Page | 3

For personal use only Veris Strategy Adam Lamond Managing Director Page | 4

Introduction For personal use only To watch the introductory video to Veris follow these two steps: – visit veris.com.au – Click on the image shown here to the right Page | 5

Growth through acquisition For personal use only Veris is an ASX-listed professional services company with a market capitalisation of $73m and annualised professional services revenue approaching $125m Veris offers surveying, professional and advisory, and geospatial services National client base, and workforce approaching 700 employees Preferred investor exposure to the development cycle Formed from listing post Land and Urban Land and Urban, 3D scanning, Professional and advisory Infrastructure Emerson Stewart acquisition Infrastructure, Resources specialist consulting services 2016 2011 2012 2013 2014 2015 2017 2018 Land and Urban, Infrastructure, Strategy Formalised Civil, Process Infrastructure, Resources Resources Land and Urban and commences Land and Urban Infrastructure, Resources Page | 6

Acquisition Metrics For personal use only Veris has raised equity capital of $22m to fund acquisitions, with the balance being funded from operating cash flow Veris has a $25m acquisition facility with CBA; undrawn balance of $11m to fund future acquisitions Other Total Purchase $17.0m $9.5m $4.4m $4.0m $5.85m $5.0m $4.8m $16m $3.0m $68.95m Price Cash $13.0m $7.0m $2.2m $3.0m $3.85m $3.1m $3.8m $9.0m $3.0m $47.45m Shares $1.0m $2.5m $0.4m $0.4m $1.0m $0.5m - $3.0m - $9.0m Performance $3.0m - $1.8m $0.6m $1.0m $1.4m $1.0m $2.0m - $10.5m Deferred $2.0m $2.0m Page | 7

Markets For personal use only Commercial / Retail Residential / Communities Defence Agribusiness Industrial Tourism & Leisure Infrastructure Energy Mining & Resources Page | 8

Addressing the project cycle For personal use only Maximising exposure to the project development lifecycle Realising value from initial concept, through construction and during ongoing maintenance Page | 9

Veris Strategy For personal use only Professional and Advisory Surveying Geospatial Professional and Advisory Services are Surveying is a profession that involves examining and Geospatial Services relate to products, services and tools engaged to provide expert advice to businesses, recording the features of a piece of land or infrastructure in involved in the collection, integration and management of governments and not-for-profit organisations to order to create maps, plans, detailed descriptions and to geospatial data. Geospatial Services are prominent in many support them to make considered and informed decisions facilitate construction. areas. on policy, strategy, city-making and service delivery. – Focussed on strategy to delivery – Predominantly field based staff – Office based staff – Diverse skill base and workforce – Medium Capex requirements – Focus on making data accessible and turned into information – Degree qualified - often more than one – Moderate HSE risk – Asset Management focus – High Emotional quotient (EQ) required – Technical focus – Data Management focus – Communication and negotiation skills – Work on clients site – Application Development – Offices base close to CBDs and client offices – Low HSE risk – Low capital expenditure – Recurring billing for maintenance – Salary based – Low HSE risk Page | 10

Strategy – National Professional Services Business For personal use only Creating a national professional services business, with three pillars of growth Professional and Advisory Surveying Geospatial Market $2.0bn $3.0bn $2.0bn Size Veris $25m 1.25% $95m 3.2% $5m 0.3% annualised Revenue Veris $50m-$80m 2.5%-4.0% $150m 5.0% $70m-$100m 3.5%-5.0% Target Page | 11

National Operations For personal use only Survey & Geospatial $100m Professional and Advisory $25m Total $125m $4m 1 $20m 1 $18m 1 $14m 1 $1m 1 $39m 1 $27m 1 Page | 12 $2m 1 1 Estimated annualised figures for FY18, pro-forma for acquisition of Elton

For personal use only Integration Brian Mangano Chief Financial Officer Page | 13

By 30 June 18 we will have achieved our 9 Integration Objectives For personal use only       Page | 14

By 30 June 18 we will have achieved our 9 Integration Objectives For personal use only              Page | 15

Importance of Integration For personal use only Integration is pivotal in achieving our Vision to be an efficient national Professional Services Group. – Ability to provide end-to-end solutions across a project lifecycle – Integrate and enhance service capabilities – Develop new clients regionally and nationally – Culture that continues to attract and retain talent – Ability to service larger projects, a key differentiator to smaller/regional peers – Operational control and best practice – Operating cost savings – Enhanced margins – Quality and consistency Page | 16

Depth of Operational Management For personal use only Managing Director Executive Director Executive General Chief Executive Manager Directors x 4 Directors x 2 Regional Regional Regional Regional Communications and Directors x 2 Social Director Manager Manager Manager Manager Engagement Urban and Sustainability Business NSW/ACT VIC/TAS/SA NT/QLD WA Community Relations Regional Planning Strategy and Services Group Design Studio Policy Principals x 40 Associate Directors and Project Directors x 11 Professional Staff x 500 Professional Staff x 86 Page | 17

For personal use only Professional and Advisory Kim Anson Chief Executive – Elton Consulting Page | 18

Professional and Advisory For personal use only Our service areas include: Elton Consulting’s Professional and Advisory Services are Communications and engagement – engaged to provide expert advice to businesses, governments and not-for-profit organisations – support them to make considered and informed Community relations decisions on policy, strategy, city-making and service delivery. Urban and regional planning We work in partnership with clients to make a difference to cities and regions, communities and organisations. Social sustainability Strategy and policy Making a difference to cities and regions, Bid strategy and preparation communities and organisations. Design Studio Page | 19

Our Leadership Team For personal use only Deborah Palmer Brendan Blakeley Brett Cox Peter Whelan Rob Bennett Steve Rossiter Jenny Rachel Trigg Lee Geary Director Director Director Director Director Director Rudolph Director Director Communications Communications Social Communications Community Director Urban and Strategy Business and Engagement and and Relations Regional Sustainability Urban and and Policy Services Design studio Engagement Engagement Planning Regional Group Planning Page | 20

Recent Projects For personal use only – Sydney Modern – NSW Art – NSW ferry wharf upgrade – – Parramatta Community Wilton Junction rezoning Facilities – audit and needs Gallery program and infrastructure plan – Restart NSW – Inland Rail – Melbourne to – Googong rezoning and study – NSW Social Housing – Ivanhoe Estate Urban Brisbane development consents – Prince of Wales Hospital – Newmarket urban renewal consultation Renewal- Social housing – Western Sydney Airport – Herston Quarter Brisbane – The Heights redevelopment outcomes plan – Hornsby Council - quarry – The Bays Market District – Darwin – NT Planning Reforms reuse social sustainability study – Review SIA guidelines - State Significant Page | 21 Development