onlyuseFY22 Half-YearResults Presentation ersonal

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Verbrec At-a-Glance

3 Industries

Resources

Energy

Infrastructure

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14 Locations

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727 Team Members (452 FTEs)

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FY22 Half-year Results Presentation

3 Services

  • Asset Management
  • Digital Industry

▪ Power

  • Pipelines
  • Process Plant
  • High Risk
  • Hazardous Area
  • Asset Management
  • Pipeline Operations
    • Pipeline & Compressor Station Operations
    • Cathodic Protection
    • Leak Surveys
    • Pipeline Integrity

First Half Operating Highlights

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Zero harm

$60.6Million

Revenue

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for H1FY22 up 27% from PCP

$86.2Million

Work-in-hand

at record levels, up from $45M 12mths prior

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Projects

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transforming energy towards net zero with contract value totalling $18.4M

$6.1Million

Increase in contract value

(including milestone payments) on poor performing legacy projects

First

Commercialised technology product

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StacksOn™ - Live at two BHP Iron Ore sites & implementing at a further two

Launched

Verbrec Academy

Emerging Leaders Program; Project Management & Grad Development Program

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FY22 Half-year Results Presentation

FY22 Half-yearResults Presentation

First Half Financial Performance

  • Revenue up 27% on PCP
  • Underlying EBITDA up $2.6M from second half of FY21 and $0.9M from PCP
  • Impact on EBITDA from poor performing legacy projects decreased $2.3M from H2FY21

Six months to 31 Dec

Six months to 30

Six months to 31 Dec

2021

June 2021

20202

Revenue

$60.6M

$49.8M

$47.6M

Underlying Gross Margin %1

34.8%

33.7%

36.2%

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Statutory Gross Margin %

29.0%

22.0%

33.3%

Underlying EBITDA1

$5.6M

$3.0M

$4.7M

Statutory EBITDA

$1.7M

($2.9M)

$3.2M

Underlying EBITDA Margin %1

9.3%

6.1%

9.9%

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Statutory EBITDA Margin %

2.9%

(5.8%)

6.8%

Net Profit/(Loss) After Tax

$(1.1M)

($4.9M)

$0.4M

EPS - basic (cents)

(0.5)

(2.4)

0.2

Cash at end of Period

$6.0M

$8.3M

$11.1M

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1 Underlying margins are statutory margins adjusted for legacy poor performing projects and non-recurring expenses 2 Restated with previously capitalised ERP implementation costs now expensed

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Verbrec Ltd. published this content on 27 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2022 22:31:00 UTC.