Ventia Services Group Limited logo

Ventia Investor Day

Investor Presentation15 November 2022VNTIndustrials

Ventia Services Group Limited
ABN 53 603 253 541


Level 8, 80 Pacific Highway

North Sydney NSW 2060

AUSTRALIA


ventia.com

ASX and NZX Release



16 November 2022


Ventia Investor Day

Ventia Service Group Limited (ASX: VNT) will today be holding its Investor Day.

Please find attached the presentation materials.

The Investor Day will commence at 8:30am (AEDT) at the Light House Gallery, Australian National

Maritime Museum, 2 Murray Street, Sydney.

Copies of the presentation will also be available on Ventia’s website at www.ventia.com/investor-

centre.


This announcement was authorised by the Disclosure Committee.



For further information, please contact:


Investors Media

Chantal Travers Sarah McCarthy

General Manager Investor Relations General Manager Brand, Marketing & Communications

chantal.travers@ventia.com sarah.mccarthy@ventia.com

+61 428 822 375 +61 400 993 542

About Ventia

Ventia is a leading essential infrastructure services provider in Australia and New Zealand, proudly providing the services that

keeps infrastructure working for our communities. Ventia has access to a combined workforce of more than 35,000 people,

operating in over 400 sites across Australia and New Zealand. With a strategy to redefine service excellence by being client-

focused, innovative and sustainable, Ventia operates across a broad range of industry segments, including defence, social

infrastructure, water, electricity and gas, resources, telecommunications and transport.

VENTIA INVESTOR DAY | 2022
Redefining Service Excellence

Ventia Investor Day

16 November 2022

VENTIA INVESTOR DAY | 2022VENTIA INVESTOR DAY | 2022
Disclaimer

2

This presentation contains summary information about Ventia Services

Group Limited (ACN 603 253 541) and its related bodies corporate

(together, Ventia) and does not purport to be complete. It should be read

in conjunction with Ventia’s Half Year Report 2022 lodged with the ASX

on

25 August 2022 and other announcements filed with the Australian

Securities Exchange (ASX) available at www.ventia.com.au.

This presentation contains forward-looking statements. While Ventia has prepared

this information based on its current knowledge and understanding and in good

faith, there are risks and uncertainties involved which could cause results to differ

from projections.

Nothing in this

presentation should be construed as either an offer to sell or

solicitation of an offer to buy or sell Ventia shares. Investors should not place undue

reliance on the forward-looking statements.

To the maximum extent permitted by law, Ventia gives no representation,

warranty

or other assurance in connection with, and disclaims all responsibility for, the

accuracy and completeness of the forward-looking statements, whether as a result

of new information, future events or otherwise.

This presentation may include non-IFRS financial information. The non-IFRS

financial information is unaudited and

has not been reviewed by Ventia’s external

auditors. This document is not intended to be relied upon as advice to investors or

potential investors and does not take into account the investment objectives,

financial situation or needs of any particular

investor.

VENTIA INVESTOR DAY | 2022VENTIA INVESTOR DAY | 2022
Ventia would like to respectfully acknowledge the

Traditional Owners and Custodians of country

throughout Australia and their connection to land, sea

and community. We pay our respect to them, their

cultures and to their Elders past, present and emerging.

He tautoko te ahurea i ngā kawa me ngā tikanga o ngā

Iwi whānui o Aotearoa, me ka kawa me ka tikaka o ka

Iwi whānui o Te Waipounamu. We recognise and

celebrate the culture of manawhenua in Aotearoa and

Te Waipounamu where our teams respect local Iwi

and communities across the country.

3

Acknowledgement of Country and Mihi

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9:00 - 9:20Welcome & overviewDean Banks

9:20 – 9:30Financial overviewStuart Hooper

9:30 – 9:45TelecommunicationsMark Ralston

9:45 – 10:00TransportDavid McPadden

10:00 – 10:40Q&A

10:40 – 11:00Break

11:00 – 11:10People & SafetyJodie Blake

11:10– 11:25 Infrastructure ServicesTim Harwood

11:25 – 11:40Defence & Social InfrastructureDerek Osborn

11:40 – 11:50 Digital ServicesKaren O’Driscoll

11:50 – 12:30Q&A

12:30 – 12.35Closing commentsDean Banks

12:35 – 2:00Lunch & showcase

4

Agenda

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I have learned through my experiences that mental health is not biased. It can affect the

most confident and experienced person, all the way through to reserved and introverted

personalities. The triggers can be minor in my view, but to the person dealing with the

situation it seems insurmountable.Just listening to the person becomes very important.

- Edward Djundja, Ventia Contract Manager and Healthy Minds Champion

TOTAL RECORDABLE INJURY

FREQUENCY RATE (TRIFR)

1

12 months rolling to 30 June 22

TRIFR REDUCTION

In the 12 months to 30 June 22

1. Total number of recordable injuries, divided by hours worked in millions

It is our licence to operate

3.9329%

5

Safety & health is our #1 promise

VENTIA INVESTOR DAY | 2022
Ventia overview

6

Dean Banks

Group Chief

Executive Officer

VENTIA INVESTOR DAY | 2022VENTIA INVESTOR DAY | 2022
A leading infrastructure services provider

A trusted partner to our clients across Australia and New Zealand

~2,300 employees

~13% revenue

~950 employees

~6% revenue

~2,100 employees

~15% revenue

~4,800 employees

~23% revenue

~950 employees

~11% revenue

~50 employees

~1% revenue

~3,000 employees

~20% revenue

~1,700 employees

~12% revenue

Our footprint

2,3

TOTAL REVENUE

FY22F

1

$4.9b

PROJECT SITES ACROSS

AUSTRALIA & NEW ZEALAND

400+

OF REVENUE FROM

REGIONAL & RURAL AREAS

40%+

7

1. FY22 forecast per Prospectus dated 26 October 2021

2. Employee headcount by geography at 30 June 2022

3. Revenue split by geography for HY22

4. Includes extension options

7

100+7+ years

average maximum

contract tenure

4

clients

10+

client relationships of

more than 15 years

Client relationships

VENTIA INVESTOR DAY | 2022VENTIA INVESTOR DAY | 2022
A diverse portfolio

Expert capabilities leveraged across our four operating sectors

1.Pro forma services revenue, excludes other income

Transport Telecommunications

Defence & Social

Infrastructure

Sector

HY22

Revenue%

1

22%10%23%45%

8

Infrastructure

Services

8

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Differentiating through our strategy

Our strategy is to Redefine Service Excellence

9

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Committed to sustainability

•Committed to ScienceBased Targets

initiative to set emission reduction

and net zero targets

•100% renewable electricity by 2030

•100% EV and hybridfleet by 2030

•Aligned to HESTA 40:40 Vision commitment

•40% female participation in senior

management andall employees

•Retain Reconciliation Australia’s Elevate

RAP status

•Compliance with the ASX Corporate

Governance Principles and Recommendations

•All significant suppliers compliant with our

Supplier Code of Conduct

•Maintain and improvesystems and processesto

prevent modern slavery within our diverse

businessesandsupply chains

Creating a lasting and positive legacy for people and planet

10

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20.1

23.6

29.9

25.0

27.8

37.8

6.3

7.4

8.2

12.5

9.2

11.8

64.0

64.5

63.0

68.0

73.5

77.5

82.4

87.8

FY19FY20FY21FY22FY23FY24FY25FY26

An attractive market outlook

Market growth supported by industry tailwinds

11

Outsourced Maintenance Services addressable market size

Australia & New Zealand (AU$bn)

1

Market drivers

Size and growth of the asset base

Exposure to mega trends, including energy

transition

Telecommunications

Transport

Infrastructure Services

Defence & Social Infrastructure

FY22 –FY26 CAGR: 6.6%

1. BIS Oxford Economics (2022) Refers to the financial years ended 30 June. Numbers presented in current prices (nominal value).

Population growth

Increasing outsourcing rates

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Key messages

12

Differentiated through our people who bring our

strategy to Redefine Service Excellence to life

An attractive market outlook underpinned by

our bid success

Focus on cash backed profits to yield sustainable

dividend growth

A leading essential infrastructure services provider

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Stuart Hooper

Chief Financial

Officer

13

Financial overview

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309.8

289.7

308.4

322.7

373.7

87.5%

82.4%

87.0%

84.9%

91.4%

60%

70%

80%

90%

100%

110%

120%

100

150

200

250

300

350

400

FY18FY19FY20FY21FY22F

100.0

101.5

119.5

146.8

171.8

0

20

40

60

80

100

120

140

160

180

200

FY18FY19FY20FY21FY22F

Track record of financial performance

4,754.5

4,803.8

4,591.9

4,557.4

4,942.6

3,000

3,500

4,000

4,500

5,000

5,500

FY18FY19FY20FY21FY22F

Pro forma Total Revenue ($m)Pro forma EBITDA and Margin ($m/%)

354.1

351.5

354.5

379.9

408.6

7.4%

7.3%

7.7%

8.3%8.3%

4%

5%

6%

7%

8%

9%

10%

11%

12%

13%

250

270

290

310

330

350

370

390

410

FY18FY19FY20FY21FY22F

1.FY22 forecast per Prospectus dated 26 October 2021

2.FY22 target per HY22 results presentation

Pro forma NPATA ($m)

Pro forma Operating Cash Flow and Cash

Flow Conversion ($m/%)

1

1

1

1

12.5

11.8

13.1

16.8

18.0

31-Dec-1831-Dec-1931-Dec-2031-Dec-2131-Dec-22

14

On target to deliver prospectus forecast

Work in hand ($bn)

2

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64%

21%

11%

4%

78%

11%

11%

A stable and resilient business

Client and revenue profile provides protection

1.Revenue by client type, contract profile and escalation mechanism reflects HY22 pro forma total revenue

2.Panelarrangements relate to specific projects that are short term and individually priced, taking into accountthe prevailing market. conditions at the time of the tender

Revenue by

contract profile

1

Revenueby

escalation mechanism

1

Fixed cost

Cost Reimbursable

Schedule of rates

Short term or

panel arrangement

2

Cost Reimbursable

Annual Review

Indexation

15

76%

24%

Private

Public

Revenue by

client type

1

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Capital light business model

Maintenance Capital Expenditurerelates to capital investments required to replenish or replace

existing plant and equipment, software and licences.

Growth Capital Expenditure relates to capital investments made to deliver new contracts, support a

material expansion of existing contracts and to reduce Ventia’s cost base.

Capital Expenditure ($m)HistoricalForecast

Pro forma BasisFY18FY19FY20FY21FY22

Maintenance21.215.615.127.033.6

Growth21.345.014.99.37.4

Total capex42.560.630.036.341.0

Total Revenue4,754.54,803.84,591.94,557.44,942.6

Capex as a % of revenue0.9%1.3%0.7%0.8%0.8%

Capex targeted to remain less than 1% of totalrevenue

16

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Investment grade balance sheet

Pro forma Leverage Ratio

1

, improved 0.4x since HY21

Interest coverage headroom of more than 13x

Net debt / EBITDA metric at 1.5x

Significant liquidity with >$600m in cash and

undrawn debt facilities

Interest cost risk mitigated, with 40% of

interest hedged for three years

9

12

15

HY20HY21HY22

Pro forma Interest Cover Ratio, improved 1.0x since HY21

10.7

12.3

13.3

1

2

3

HY20HY21HY22

2.2

1.9

1.5

17

Expected natural deleveraging as EBITDA grows

1. Calculated as Net Debt / bank adjusted EBITDA

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Disciplined capital allocation

Business investment to generate

organic growth

Targeted investment to support organic growth that

meets our internal hurdles

Annual dividends to shareholders

Dividends aligned to growing earnings – 60-80%

payout ratio of NPATA

Fund bolt on acquisitions

Acquire businesses that add capability, scale or

provide access to new markets and have attractive

returns

Capital Management tool kit

Consider the most accretive capital management tools

for the management of excess cash, while maintaining

a commitment to an investment grade rating

18

Focus on delivering cash backed profits and reliable and growing dividends

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Financial outlook

Strong forecast

market growth

Market CAGR

Average revenue

growth

Revenue targeted

to grow faster

than market

High conversion of

profits into

dividends

Diligent focus on

cash backed

profits

Growing

shareholder

dividends

Cash flow

conversion

NPATA

payout ratio

Annual distribution

aligned with earnings

growth

6.6%7-10%80-95%60-80%

19

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Mark Ralston

Group Executive -

Telecommunications

Telecommunications

20

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Telecommunications

Revenue

$0.6b

HY22 pro forma

(58% FY22 forecast)

EBITDA

$74.4m

HY22 pro forma

(56% FY22 forecast)

Work in hand

$1.5b

As at 30 June 2022

Employees

~2,000

As at 30 June 2022

Differentiators

Diverse service

offering across Telco

and ICT Networks

#1 Telecommunications

infrastructureprovider in

Australia & New Zealand

Expert in-house design,

build and maintain

capabilities

Long term client

relationships

24/7 monitoring and

management of critical

networks and assets

National scale

including regional

andremote locations

21

Fixed Networks

Wireless & Special

Coverage Solutions

Operations &

Services

VENTIA INVESTOR DAY | 2022
Fixed Networks

Fibre networks completedor contracted by Ventia

Fibre connections completed by Ventia

Proposed new fibre networks

~50,000km

of fibre designed, installed

and commissioned

WELLINGTON

Fixed fibre networks and connections

~6 million

premises connected to

fibre networks

A new wave

of proposed fibre network

builds

Telstra Intercity capital fibre build

Ventia was selected for this contract due to their geographic scale, technical

expertise and track record in managing nationwide program rollouts.

Their approach to delivery partnership, which focuses on operational

excellence, will support Telstra in its ambitionto deploy new fibre technology.

- Dean Jones, Design & Construction Executive, TelstraInfraCo

22

A leader in the design and build of major fibre networks

AUCKLAND

VENTIA INVESTOR DAY | 2022
Wireless and special coverage solutions completed by Ventia

Completed wireless and special coverage projects

Supporting Sydney Football Stadium redevelopment

11,000+

greenfield carrier

sites

300+

satellite base stations

currently being deployed

800+

in-building coverage

solutions completed

23

Wireless & Special Coverage Solutions

Track record in major wireless projects and special coverage solutions

VENTIA INVESTOR DAY | 2022
Telecommunication assets currently managed by Ventia

Telecommunication assets managed

36,000+

battery systems

managed

2,000+

commercial solar

systems managed

40,000+

telco facilities

under management

~1m

smart electricity

meter upgrades

Vector smart electricity meter upgrades

24

Operations & Services

~1.5 million assets managed across Australia and New Zealand

VENTIA INVESTOR DAY | 2022
Sustainable

A commitment to people, the environment and the communities we work in

We ledthe design and construction of

the first inner-urban community battery

in Australia, in partnership with the Yarra

Energy Foundation.

Ventia partners with Australian Spatial

Analytics (ASA) who are dedicated to

training and employing young people

with autism. We have supportedthe

employment of ten ASA analysts.

During flooding on Australia’s east coast

this year, technicians who were deployed

to restore nbn services, then remained to

support impacted communities with the

clean-up.

25

VENTIA INVESTOR DAY | 2022
12.5

11.4

9.0

9.2

10.2

10.9

11.2

11.8

FY19FY20FY21FY22FY23FY24FY25FY26

Market outlook

Market tailwinds as data demands drive network investment

26

Outsourced Telecommunications addressable market size

Australia & New Zealand (AU$bn)

1

Market drivers

Continued growth in data demand

Network resilience and energy transition

1. BIS Oxford Economics (2022). Refers to the financial years ended 30 June. Numbers presented in current prices (nominal value)

2. 2020 Defence Strategic Update

Investment in national fibre builds

Further investment in wireless infrastructure

FY22 –FY26 CAGR: 6.3%

Telecommunications

Private networks e.g. $20bn Defence ICT

investment in the next decade

2

VENTIA INVESTOR DAY | 2022
Our Strategy

To be the most client focused, innovative and sustainabletelecommunicationspartner

Fixed Networks

Leverage our track record and expert

capabilities todeliver network

augmentation and build projects for existing

and new clients

Wireless & Special

Coverage Solutions

Support our clients in the delivery of

wireless networks, including 5G

deployment and special coverage solutions

Operations &

Services

Combineinnovation with network and

asset management experience to deliver

efficiencies and improveend customer

service levels for our clients

27

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Summary

28

Long term client relationships

Expert, in-house capabilities across

telecommunications network infrastructure

Market tailwinds as data demands drive network

investment

#1 Telecommunication infrastructure services

provider in ANZ

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David McPadden

Group Executive -

Transport

29

Transport

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Transport

Essential services delivered

Roads

Motorways & TunnelsRail

Transport

Technology

Asset management

Control room

operations

Incident response

& recovery

Tunnel &

roadnetwork

maintenance

Minor capital

works & lifecycle

replacement

Intelligent

transport systems

30

Revenue

$0.3b

HY22 pro forma

(49% FY22 forecast)

EBITDA

$19.0m

HY22 pro forma

(52% FY22 forecast)

Work in hand

$4.8b

As at 30 June 2022

Employees

~1,000

As at 30 June 2022

VENTIA INVESTOR DAY | 2022
Client focused

Long term contracts with government agencies and blue-chip corporates

Sydney Roads Asset Performance Contract:

9+3+3yrs

Example contracts won in the past 2yrs with tenure of initial contract , extension options and value of initial contract.

North East Link:

25yrs | $1.4b

Auckland Transport West:

5+5yrs | NZ$220m

Sydney & WesternHarbour Tunnel:

15+10+10yrs |$450m

31

North East Link:

25yrs | $1.4b

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TfNSW is delighted to have appointed Ventia as the Asset

Manager for the Western Harbour Tunnel and Sydney Harbour

Tunnel.

Ventia's proposed solution, capability and demonstrated

commitment to safety, sustainability and social impact were

assessed as delivering the best value to the community

through this innovative new model.

- Peter Murphy, Transport for New South Wales (TfNSW)

Highlights

Initialtermwithtwo ten-year

extension options

Revenue ininitial termRelationship

with TfNSW

15yr~$450m+20yr

Improving whole of life outcomes for the Sydney and Western Harbour Tunnels

Building on our relationship with TfNSW

32

VENTIA INVESTOR DAY | 2022
Our end-to-end transport technology capabilitiessupport emerging client needs

Innovative

ABA100 Business Innovation 2022 Winner

The Australian Business Awards 2022

We at Brisbane Motorway Services are very grateful to be recognised for

the investment we have made into delivering innovative products to

reduce manual handling, improve situational awareness and isolate

operators in high-risk work zones. From autonomous recovery devices for

broken-downvehicles to new road safety symbols, we are creating a

visual canvas of safety initiatives.

- Brett Simpson, Road Operations Manager, Ventia

Project Aardvark autonomous

recovery vehicle

First electricTMA in AustraliaLong range acoustic device early

warningdetection systems

•Transport technology is an emerging

market

•Clients seeking technology that builds

assetcapacity

•Ventia has end-to-end intelligent transport

systemcapabilities

33

Examples

33

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Sustainable

Delivering sustainability outcomes for our clients and communities

•Achieved Infrastructure Sustainability

Council (ISC) ratings

•Joint Sustainability Governance Group with

Transurban

•Building asset resilienceandcapacity

Ventia is instrumental in supporting ConnectEast (EastLink) in maintaining

its 5 star ESG rating from GRESB¹ for the 7th consecutive year and achieved

an overall rating of 95%. As our valued partner, Ventia works closely with

EastLinkto support and enhance our environmental and sustainability

credentials.

- Charles Griplas, Chief Executive Officer and Managing Director,

ConnectEast Group on the 2022 GRESB

1

results for FY21

Western Roads Upgrade ISC

rating

Sustainability leadership ISC

Modern Slavery Coalition and ISC

Resilience Coalition

CareerSeekers& CareerTrackers

34

Examples

1. Global Real Estate Sustainability Benchmarking (Infrastructure Assessment)

34

VENTIA INVESTOR DAY | 2022
5.7

6.7

7.3

0.6

0.7

0.9

6.3

6.5

7.1

7.4

7.5

7.7

7.9

8.2

FY19FY20FY21FY22FY23FY24FY25FY26

Market outlook

Stable market growth aided by increasing size and age of transport infrastructure

35

Rail

Road

Market drivers

Strong government investment in

transport infrastructure

Size and age of the transport asset base

1. BIS Oxford Economics (2022). Refers to the financial years ended 30 June. Numbers presented in current prices (nominal value).

Increasing outsourcing rates

Population growth and increasing intensity of

road usage

FY22 –FY26 CAGR: 2.7%

Outsourced Transport addressable market size

Australia & New Zealand (AU$bn)

1

35

VENTIA INVESTOR DAY | 2022
Summary

Low risk business model with longterm contacts

Strong client relationships supported by recent

bid success

Leverage existing footprint to access adjacent

opportunities

Depth of capability and scale to meet client needs

36

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Jodie Blake

Group Executive -

People, Safety &

Culture

People & Safety

37

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Safety and health is our #1 promise

It’s our license to operate

With the Hazard 2020 Campaign highlighting ongoing issues with scaffolding safety, I’m

pleased to see Ventia’s proactive efforts in understanding the issues relating to scaffolding

and their leadership in taking immediate action.

- David Denny, Federal Safety Commissioner

Improving our safety

performance

TRIFR

1

reduction

in 12 months to

30 June 2022

HIPO

2

reduction

HY22 compared

to HY21

Building our

capability

Leading the way in safety across industry

1. Total Recordable Injury Frequency Rate

2. High Potential Incidents

3. Safety, Health, Environment & Quality

29%

30%

Industry specific

training courses

offered in 2022

SHEQ

3

training

course completions

in 2022

50+26,000+

38

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Our people are at the heart of our success

35,000+

Workforce

Employees

20,000+

Subcontractors

30%

Female

participation

4.8%

Aboriginal & Torres

Strait Islander

participation

1

20%+

Māori &

Pasifika

participation

2

50+

Graduates

150+

Aboriginal & Torres

Strait Islander

people employed in

HY22 with support

from TRECCA

3

280+

Trainees and

apprentices

1. Based on a Ventia employee survey. As a percentage of our Australian workforce.

2. Based on a Ventia employee survey. As a percentage of our New Zealand workforce.

3. TRECCA is Ventia's in-house team responsible for recruitment, mentoring and pastoral care of Indigenousemployees

15,000+

Flexibility, expertise and diversity in our workforce

39

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Retain and attract the best and brightest

Enhancing the Ventia value proposition through a range of initiatives

Career

development

330+ leaders

participating in

development programs

Mental

health &

connection

Internal

talent

marketplace

Competitive

remuneration

& benefits

program

In-house

recruitment

4,500+ hires YTD

including

successful

mobilisations

Temporary

labour access

Building

leadership

capability

Indigenous

initiatives

Elevate

Reconciliation

Action Plan

Gender

diversity

initiatives

Social

Partnerships

ABCN Mentoring,

Australian Spatial

Analytics

Community

Grants Program

$530k+ provided to

communities

Retaining

Attracting

Enhancing the

Ventia value

proposition

Specialised

recruitment

programs

40

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Managing employment relations

Visibility and proactive management support our employment relations outcomes

Visibility of employment

arrangements

Managing cost

escalation

•50% of employees covered by

Enterprise Agreements (EAs) and

Collective EAs

•118 EAs and Collective EAs, with 30

accounting for more than 80% of our

coveredworkforce

•13 EAs successfully negotiated in

HY22

•45% of workforce covered by EAs

are locked in for 2023

•Embedded contract price

escalation mechanisms

•Average EA wage increase of 3%

p.a. and tenure of 3 years in HY22

1

Proactive workforce and

union engagement

1. For enterprise agreement negotiated in HY22

41

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Summary

Safety and health is our #1 promise

Flexibility, expertise and diversity in our workforce

We retainand attract the best and brightest

Visibility and proactive management support our

employment relations outcomes

42

VENTIA INVESTOR DAY | 2022
Tim Harwood

Group Executive –

Infrastructure Services

Infrastructure

Services

43

VENTIA INVESTOR DAY | 2022
Infrastructure Services

Water

Electricity &

Gas

Industrial

Services

Rig & Well

Services

Environmental

Services

24/7 support for

11,000kms

of transmission line

for Transpower

Preventive andemergency

maintenance for water

utilities serving

~10 million residents

Completed

50%

of complex environmental

remediation projects in

Australia over the past 10

years

Drilled more than

507million metres

of wells since 2010

Provide maintenance for

24.5 million tonnes

of LNG production per year

Delivered

26,000

brownfield engineering

design and consulting

projects

Essential services delivered

Revenue

$0.6b

HY22 pro forma

(41% FY22 forecast)

EBITDA

$53.7m

HY22 pro forma

(40% FY22 forecast)

Work in hand

$4.7b

As at 30 June 2022

Employees

~4,000

As at 30 June 2022

44

VENTIA INVESTOR DAY | 2022
Business performance update

Actions in place to strengthen the Infrastructure Services portfolio

Recent challenges

Scope and commercial challenges on

a small number of contracts

Actions taken

Timing and availability of work under

panel agreements and shutdowns

Delays in award of new work

Enhanced the management team

Increasedfocus on commercial

management

Greater account focus to improve

insight into future works

45

VENTIA INVESTOR DAY | 2022
Solid foundation to build from

Future underpinned by long term client relationships and track record of renewals

WIH representing

3.9x

2021 revenue

>90%

renewal rate

Sydney Water

+9yrs

Transpower

+25yrs

5yr renewal

Yarra Valley

Water

+7yrs

2yr extension

BHP

+15yrs

INPEX

+5yrs

Energy

Queensland

+17yrs

New clients

secured in past 2 years

Examples of long term client relationships

Example clients, length of relationship and recent extensions / renewals

46

VENTIA INVESTOR DAY | 2022VENTIA INVESTOR DAY | 2022
•+25 year relationship with Transpower in New Zealand

•Delivering maintenance and specialist services

•Client focused approach and geographic scale supporting renewal for

a further 5 years in 2022

•Cross sell of telecommunications services

Secured four Transpower STAR Awards

Safety Innovation

Award

Future of Safety

Award

Frontline Leadership

Award

Team Safety

Award

The Ventia team have supported Transpower ... providing

highly skilled specialist electrical and telecommunication

services. Throughout this time, they have worked with us to

develop innovative solutions and technologies to support

working safely and sustainably in challenging conditions.

- Mark Ryall, General Manager Grid Delivery,Transpower

Long term partnership with Transpower

Delivering services to New Zealand’s national electricity grid

47

VENTIA INVESTOR DAY | 2022VENTIA INVESTOR DAY | 2022
•Significantgrowth in scope and scale of work throughout our 5

year relationship with INPEX

•Provide technical tradessupport for campaign maintenance,

turnaround and brownfield project activity

•50 Indigenousemployees (13% of onshore total), including 4

supervisor / co-ordinator roles

•A leading employer of apprentices in the NT (28), including 9

Indigenousapprentices at INPEX

INPEX andVentia (TRACE) are very proud to be supporting local

apprentices... Everyone from the contracting partners to our

apprentices have agreed this is a win-win situation – it is creating

additional capacity for local businesses and our apprentices are

learning life skills.

- Mark Wilson, Onshore Implementation Manager, INPEX

Developing talent with INPEX

Supporting local and Indigenousemployment

48

VENTIA INVESTOR DAY | 2022
5.4

6.6

8.6

12.8

12.2

17.6

1.8

3.4

4.6

4.0

4.5

5.5

1.0

1.2

1.5

25.0

25.9

25.2

27.8

29.8

31.4

34.3

37.8

FY19FY20FY21FY22FY23FY24FY25FY26

Market outlook

After remaining flat FY19-21, market growth accelerating due to increasing electricity investment

Resources & Industrial

Environmental

Electricity & Gas

Water

Oil & Gas

Market drivers

1. BIS Oxford Economics (2022). Refers to the financial years ended 30 June. Numbers presented in current prices (nominal value).

FY22 –FY26 CAGR: 8.0%

Enhancement of the regulated electricity

asset base

Transitioning industrial infrastructure

including remediation of legacy sites

Development and integration of new

energy generation

Ageing water infrastructure

Outsourced Infrastructure Services addressable market size

Australia & New Zealand (AU$bn)

1

49

VENTIA INVESTOR DAY | 2022VENTIA INVESTOR DAY | 2022
•SupportingEnergy Resources of Australiawith the rehabilitation of the Ranger Mine

site

•Installing more than 40,000 wick drains to accelerate the rehabilitation process

utilising a novel modular barge design

•Awarded a contract to drill directional wells to help manage the salt content of the

water

Throughout closure, we will transfer approximately 90 million tonnes of

waste rock material back into our remaining mined-out Pit 3 and plant

more than one million native trees and grasses.

- SharonPaulka, Manager Closure, Energy Resources of Australia

Supporting the industrial transition with innovative solutions

Innovation at Ranger Mine

50

VENTIA INVESTOR DAY | 2022
Summary

Diverse range of services provided to resources,

industrial and utilities clients

Actions in place to strengthen the Infrastructure

Services portfolio

Partnering with clients in their energy and

industrial transition to support growth

A solid foundation underpinned by client

relationships and track record of renewals

51

VENTIA INVESTOR DAY | 2022
Derek Osborn

Group Executive –

Defence & Social

Infrastructure

Defence & Social

Infrastructure

52

VENTIA INVESTOR DAY | 2022
Defence & Social Infrastructure

Defence

Social

Infrastructure

Local

Government

Property

Critical

Infrastructure

•Top 5 Prime contractor to

Australian Defence Force

•Manage 60,000+ social housing units

in NSW

•Support 39 Commonwealth Government

agencies across 650 properties

•Largest private firefighting unit in

Australia

•Support 4,600+ SA Government

locations

•Leading Government, health &

education facilities manager

~200 ~50%

of employees

in regional

& rural areas

sites across

Australia &

New Zealand

Prime services integrator for large and complex asset and infrastructure portfolios

Revenue

$1.1b

HY22 pro forma

(54% FY22 forecast)

EBITDA

$75.1m

HY22 pro forma

(55% FY22 forecast)

Work in hand

$6.3b

As at 30 June 2022

Employees

~8,000

As at 30 June 2022

53

VENTIA INVESTOR DAY | 2022
Delivering essential services for critical assets

Managing end-to-end programs, at scale, across the asset and operations lifecycle

WATER ASSETS

AIRFIELD

ELECTRICITY

TELECOMMUNICATIONS

FIREFIGHTING

SOLAR

LAND MANAGEMENT

MILITARY RANGE

SPORTING FACILITY

FUEL FACILITY

EDUCATION

HOUSING

OFFICE BUILDINGS

HEALTH

MARITIME

DIGITAL & DATA

54

Critical assets we manageEssential services delivered

Property services

Facilities management

Operational services

Program and project services

Energy security and sustainability

Asset management

VENTIA INVESTOR DAY | 2022
It is an absolute pleasure to work with Ventia on the Aspire Schools

project... Ventia’s client focus is clear in the way they collaborate with

us, with our school communities and with our communities to deliver

great results.

- Andrew Jones, Investment Director, AMP Capital

Focus on social licencedrives alignment with clients and supports bid success

•Social licence is a differentiator

•Long term client base knowledge,

trust andinsights

•Continued bid success and client

satisfaction

Client focused

Australian HR Institute Awards 2021& 2022,

Disability Employment Award finalist

TRECCA team supporting at the

Santos Aboriginal Power Cup 2022

Examples

55

VENTIA INVESTOR DAY | 2022
Innovative

Track record of delivering innovation in service delivery to improve client outcomes

Defence Innovator of the Year 2022

Defence Innovation of the Year 2020

Ventia are problem solvers and drive a culture of continuous

improvement. As an organisation, Ventia believes that innovation

isn’t the responsibility of a single sector or unit, but ensures that

every employee has opportunities to contribute game-changing ideas

that can lead to innovative solutions.

- Allison Norris, Director General Estate Services Delivery,

Department of Defence

56

•Single enterprise-widetechnology

platform

•Track record of delivering innovation

•Integrated capabilities

Austin Health IoT monitoring driving

increased asset availability

Defence Innovation Award Winners

Examples

VENTIA INVESTOR DAY | 2022
Sustainable

Large scale energy and environmental programs, delivered by our talented workforce

Asset Management Sustainability Award

for our LED energy solutions

Waste to Biofuel uniform recycling

The collaboration with Ventia saw us deliver an innovative solution for

textile destruction that will ultimately help us create a healthier

planet.

- Dale Manley, National Contracts Manager, Veolia

•Energy securityandemissions reduction

•Environmental, sustainability and waste

focus

•Award winning, talented and diverse

workforce

Examples

57

VENTIA INVESTOR DAY | 2022
Market outlook

Market growth driven by investment in defence, social infrastructure and the energy transition

16.9

19.6

24.8

3.3

4.0

5.1

20.1

20.8

21.7

23.6

26.0

27.6

29.0

29.9

FY19FY20FY21FY22FY23FY24FY25FY26

Defence

Social Infrastructure

Market drivers

1. BIS Oxford Economics (2022). Refers to the financial years ended 30 June. Numbers presented in current prices (nominal value).

FY22 –FY26 CAGR: 6.1%

Geopolitics driving

defence investment

Natural disaster and

humanitarian

response

Energy transition

Social infrastructure

investment post

pandemic

Population growth

and demographics

Ageing infrastructure

base

Increasing

outsourcing rates

Growing technology

expectations

Outsourced Defence & Social Infrastructure addressable market size

Australia & New Zealand (AU$bn)

1

58

VENTIA INVESTOR DAY | 2022
Summary

Prime services integrator to large and complex

asset and infrastructure portfolios

Delivering end-to-end programs, at scale, across

the asset and operations lifecycle

We differentiate through our strategy to Redefine

ServiceExcellence

Market growth driven by investment in defence,

social infrastructure and the energy transition

59

VENTIA INVESTOR DAY | 2022
Karen O’Driscoll

Group Executive –

Digital Services

Digital Services

60

VENTIA INVESTOR DAY | 2022
Single enterprise-wideplatform

We differentiate through our cloud based, scalable and robust platform

Flexible User Experience Layer

Client Portal, Sub-contractor Portal and Mobility Solutions

High Volume and

Maintenance Services

SAP-Click

HVS –SAP Extension

Velrada – Camp Management

Genesys Contact Centre Solution

Asset ManagementCapital Projects

NOVUS-CATS-P6

Works and Asset

Management

Work Management

Engine

Enterprise

Core Layer

Safety, Quality

& Compliance

VenSafe

VenCentral

Ventia Compliance

Management

Sales/Pipeline

Procurement

and Subcontractor

Management

HELIX Data Analytics Platform

API Integration Hub

Work Order Management Engine

SAP

Other

•Cloud based

•Automated and scalable

•Built-in intelligence

•Onshore support

•Client data protection

•Embedded security controls

Single enterprise-

wide platform

•Ease of use for clients,

subcontractors and employees

•Adaptable to client needs

Easy to use and

flexible front end

•Insights for real-time decision

making

•Internal and external data

collation

•Provision of analytics tools and

training academy

Data and analytics

platform

61

Field Mobile
Solution

5,000employees &

15,000

sub-contractors

Service

Request App

10,000 client users

IoT Devices

40,000 devices

1.4Bnmeasurements per

annum

Drones

50+ drone pilots with

2,000+hours of flight

experience

Real-time

transparency

for clients

Digital Twins

Defence Metabase

Real-time, visual

information to support

asset planning and

management

Real-time

operational

insights

Ventia Operations Centre

1.5m calls triaged &

managed per annum

Machine

Learning and AI

Sub-contractor

recommendation

engine

VENTIA

DATA ENGINE

Work orders

per annum

Assets under

management

4M

5M

Underpins a collaborative

outsourcing model

62

VENTIA INVESTOR DAY | 2022
Partnering to accelerate innovation

Finding smarter ways and continuing to evolve

The Ventia-verse

Simplifying and

personalising the

way we work

Satellite inspections

To reduce latency

of inspections

Acknowledgement of

Country app solution

Supporting our

commitment to Indigenous

inclusion

Artwork by: Monique Rennie, Outreach and Engagement Coordinator

63

VENTIA INVESTOR DAY | 2022
Summary

Scalable enterprise-wide platform enables growth

Flexible front end provides customer focus

Data and analytics platform drives performance

Partnering to accelerate innovation

64

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.