Ventia Services : FY21 Results - Presentation

onlyRedefining Service useExcellence

personalCY21 Results Presentation

23 February 2022

ForDean Banks

Group Chief Executive Officer

Stuart Hooper

Chief Financial Officer

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DISCLAIMER

This presentation has been prepared by Ventia Services Group Limited (ABN 53 603 253 541) ("Ventia") in respect of ASX/NZX-listed Ventia ("VNT").

This presentation is not an offer or invitation for subscription or purchase of or a recommendation of securities. It does not take into account the investment objectives, financial situation and particular needs of the investor. Before making an investment in VNT, the investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances and consult an investment adviser if necessary.

Information, including forecast financial information, in this presentation should not be considered as a recommendation in relation to holding, purchasing or selling shares, securities or other instruments in VNT or any other entity. Due care and attention has been used in the preparation of forecast information. However, actual results may vary from forecasts and any variation may be materially positive or negative. Forecasts by their very nature are subject to uncertainty and contingencies, many of which are outside the control of VNT. Past performance is not a reliable indication of future performance. Amounts included in this presentation have been rounded off. Certain totals and calculations have been based on information that has not been rounded. Any discrepancies in totals and or percentage variances is due to rounding.

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ACKNOWLEDGEMENT OF COUNTRY AND MIHI

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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.

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CY21 PERFORMANCE HIGHLIGHTS

Successfully transitioned to life as a listed entity

• Safety performance improved with 28% reduction in TRIFR1
• Outperformance on key prospectus forecasts

1. Pro forma EBITDA of $379.9m is up $14.1m

1. Pro forma NPATA of $146.8 is up $7.0m

• 1. High pro forma cash conversion of 84.9%, underpins fully franked dividend
• Work in hand up 28% to $16.8b after securing $8.2b of work
• Investment grade balance sheet post refinancing
• Navigated COVID-19 (including labour availability) with minimal business impact
• Absolute emissions reduction of 10% achieved
• Strategy to Redefine Service Excellence launched

1. TRIFR - Total recordable injury frequency rate - calculated as the total number of recordable injuries, divided by hours worked in millions.

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KEY CY21 FINANCIAL RESULTS HAVE OUTPERFORMED PROSPECTUS

Pro forma CY21 as at 31 December 20211

TOTAL REVENUE	EBITDA
$4,557.4m	$379.9m
1% CY20	7% CY20
1% ON PROSPECTUS	4% ON PROSPECTUS

NPATA	CASH CONVERSION RATIO
$146.8m	84.9%
23% CY20	2.1 PPTS CY20
5% ON PROSPECTUS	0.2 PPTS ON PROSPECTUS

EBITDA MARGIN

8.3%

0.6 PPTS ON CY20

0.2 PPTS ON PROSPECTUS

WORK IN HAND

$16.8b

28% ON CY20

8% ON PROSPECTUS

(31 July 21)

1. Pro forma results are non-IFRS measures that are used by Management to assess the performance of the business. They have been calculated from the statutory measures by adjusting the results for the financial impact of the Broadspectrum acquisition, the IPO and related refinancing. Refer to Page 23-24 for statutory to Pro forma NPATA reconciliation and Pro forma consolidated statements of profit or loss