HY22 Results – Media Release & Presentation

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


25 August 2022
Delivered upon first half expectations and reaffirm full year forecast
Ventia Services Group Limited (Ventia) today announced its financial results for the six months to 30
June 2022 (HY22).
Ventia Group Chief Executive Officer, Dean Banks said: “Ventia today announced statutory net profit
up 163.2% percent to $105.0 million a nd pro forma NPATA up 13.6%, delivering a dividend of 7.47
cents per share. The statutory result was driven by business growth and a one-off recognition of
historic tax losses, which were realised via the finalisation of the ATO tax audit in April 2022.”
• Maintained safety focus; continued positive trajectory with TRIFR
1
down 29.4%
• Proforma revenue grew 8.7% on the pcp
2
, demonstrating resilience of essential services
• Pro forma EBITDA of $203.3 million, up 7.7% at a consistent margin of 8.1%
• Work in hand increased to $17.3 billion, up 38.0% on the pcp
• Prudent cash focus delivered pro forma operating cash flow conversion of 87.3%
3

• HY21 dividend payout of 75% of pro forma NPATA
4
, 7.47 cents per share, franked 80%
• FY22 prospectus forecast reaffirmed
“Today’s result reflects the strength of our diversified and resilient portfolio. The demand for essential
infrastructure services is accelerating and combined with our pursuit of service excellence have
delivered pro forma EBITDA and NPATA growth of 7.7% and 13.6% respectively.
“Our strong market position and strategic long-term relationships have driven Work in Hand of $17.3
billion, up 38.0%, with a diverse spread across our sectors. The large new contract wins such as
Sydney and Western Harbour Tunnel and Transpower, demonstrate clients seeking Ventia’s specialist
capability, robust systems and governance, combined with compelling value. We remain confident of
achieving our target of ~$18 billion Work in Hand for FY22. To achieve this, we will continue to focus
on our strategy to redefine service excellence, while listening to the voice of our customers.
“Macro market conditions have been challenging in the first half of 2022, with severe weather events,
faster than expected inflation and some of the tightest labour markets seen historically. Pleasingly,
these conditions have not impacted the demand for essential services. Ventia’s robust portfolio has
enabled the business to strategically navigate the macro conditions with minimal business impact.”


1
TRIFR - Total recordable injury frequency rate, calculated as the total number of recordable injuries, divided by hours worked in millions
2
PCP – Prior Corresponding Period (30 June 2021)
3
Operating cash flow represents EBITDA plus any non-cash share payments, less changes in Net Working Capital. Operating cash flow conversion is
operating cash flow divided by EBITDA expressed as a percentage
4
For the period 19 November 2021 to 31 December 2021

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


Safety and Sustainability
Ventia’s Total Recordable Injury Frequency Rate (TRIFR) improved markedly to 3.93 compared to
5.57 in HY21, a 29.4% reduction. This has been achieved through disciplined application of our safety
system, higher uptake of our early intervention program and increased investment in our frontline
management training.
In March Ventia released its first sustainability report, with reference to both the Global Reporting
Initiative and Task Force on Climate-related Financial Disclosure guidelines. The report demonstrates
our commitment to operating sustainably, assessing the impact of our business and measuring
improvement over time. We have set ambitious goals and will report against these periodically, to
create a lasting and positive legacy for people and the planet.
Dividends and Balance Sheet
The robust financial result, strong cash flow conversion and focus on cash backed profits, allowed the
Board to declare an interim dividend of 7.47 cents per share, franked 80%, payable on 7 October
2022. This payment represents a payout of 75% of pro forma NPATA for the six months to 30 June
2022.

Our credit metrics and balance sheet continue to strengthen, with our interest cover ratio increasing to
13.3x from 12.3x as at 30 June 2021. Our leverage ratio also improved with a decline to 1.5x, or 0.4x
compared to 30 June 2021.
Ventia’s proactive capital management approach has delivered high cash conversion and improving
credit metrics over the half. This cash focused approach, combined with the business’ low capital
requirements (~1% of revenue), means that the business has operated efficiently since inception. On
30 June 2022, the business has liquidity of $634 million, with available cash of $234 million and an
undrawn revolving facility of $400 million, providing financial flexibility.

Our liquidity and financial flexibility, together with a solid operating cash flow and prudent debt profile,
supports our ability to adequately fund our stable and growing dividend profile.
Outlook
Ventia expects future growth to be driven by accelerating demand for essential services and our
qualified pipeline of opportunities. Ventia’s strategy to Redefine Service Excellence, will continue to
set us apart. We will constantly seek ways to raise the bar for our customers in a safe and sustainable
way.
Today, Ventia reaffirmed its FY22 key pro forma prospectus forecasts of:
• NPATA guidance of $171.8 million
• Revenue of $4,942.6 million; and

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


• EBITDA of $408.6 million
Ventia’s business fundamentals and clear strategy provides confidence in the business outlook and in
delivering long-term value to shareholders.
Market briefing
Ventia will provide a market briefing at 10.45am (AEDT) today, 25 August 2022. The market briefing
will be webcast via the Ventia website at ventia.com.

This announcement was authorised by the Ventia Board.

-Ends-

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.

---

Dean Banks – Group Chief Executive Officer
Stuart Hooper – Chief Financial Officer
HY22 Results
Presentation

This presentation is in summary form and is not
necessarily complete. It should be read together
with the Company’s Half Year Report 2022 lodged
with the ASX on 25 August 2022.
This presentation contains information that is based on projected
and/or estimated expectations, assumptions or outcomes.
Forward-looking statements are subject to a range of risk
factors. Ventia cautions against reliance on any forward-looking
statements, particularly in light of the current economic climate
and the significant volatility associated with large scale tender
projects.
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. Ventia will not be liable for the correctness
and/or accuracy of the information, nor any differences between
the information provided and actual outcomes, and reserves
the right to change its projections from time to time. Ventia
undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date of
this presentation, subject to disclosure obligations under the
applicable law and ASX listing rules.
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.
Disclaimer
1
HY22 RESULTS PRESENTATION

Acknowledgement of Country and Mihi
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.
2
HY22 RESULTS PRESENTATION

Performance highlights for HY22
1. TRIFR – Total recordable injury frequency rate – calculated as the total number of recordable injuries, divided by hours worked in millions.
Safety performance
improved, TRIFR
1
down
29.4% compared to
30 June 21 (down 9.0%
on 31 December 21)
Work in Hand of $17.3b,
up 38.0% compared to
30 June 21 (up 3.1% on
31 December 21)
Pro forma Revenue up
8.7%, pro forma EBITDA
up 7.7% and pro
forma NPATA up 13.6%
compared to HY21
Maintained EBITDA
margin, whilst
navigating weather,
COVID-19, inflation and
labour availability
On track to hit key FY22 prospectus forecast metrics
Pro forma Revenue
delivered 50.8% of
FY22 forecast
50.8%
Pro forma EBITDA
delivered 49.8% of
FY22 forecast
49.8%
Pro forma NPATA
delivered 49.6% of
FY22 forecast
49.6%
3
HY22 RESULTS PRESENTATION

1. Results shown above are pro forma. 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 22-23 of this presentation for statutory to pro forma NPATA reconciliation and pro forma consolidated statements of profit or loss.
Pro forma HY22 as at 30 June 2022
1
ON TRACK FOR FY22 FORECAST
ON TRACK FOR FY22 FORECAST
ON TRACK FOR FY22 FORECAST
ON TRACK FOR FY22 FORECAST
ON TRACK FOR FY22 FORECAST
Delivered on half year expectations and on track to hit full year forecast
TOTAL REVENUE
$2,510.0m
8.7% on HY21
EBITDA
$203.3m
7.7% on HY21
EBITDA MARGIN
8.1%
0.1 ppts on HY21
N PATA
$85.2m
13.6% on HY21
CASH CONVERSION RATIO
87.3%
10.7pp on HY21
WORK IN HAND
$17.3b
38.0% on HY21
ON TRACK FOR FY22 FORECAST
ON TRACK FOR FY22 FORECAST
ON TRACK FOR FY22 FORECAST
ON TRACK FOR FY22 FORECAST ON TRACK FOR FY22 TARGET
ON TRACK FOR FY22 FORECAST
4
HY22 RESULTS PRESENTATION

Diversified and resilient portfolio offering consistent group performance
Defence & Social InfrastructureTelecommunicationsInfrastructure ServicesTransport
Work in Hand
AS AT 30 JUNE 2022
$6.3b$1.5b$4.7b$4.8b
Total revenue
HY22 PRO FORMA
$1.1b
17.4% on HY21
54% of FY22 forecast
$0.6b
18.4% on HY21
58% of FY22 forecast
$0.6b
5.2% on HY21
41% of FY22 forecast
$0.3b
9.3% on HY21
49% of FY22 forecast
EBITDA
HY22 PRO FORMA
$75.1m
19.4% on HY21
55% of FY22 forecast
$74.4m
6.0% on HY21
56% of FY22 forecast
$53.7m
9.7% on HY21
40% of FY22 forecast
$19.0m
2.2% on HY21
52% of FY22 forecast
5
HY22 RESULTS PRESENTATION

Strategically navigating current market headwinds
• Total revenue up by 8.7%,
illustrating minimal impact of weather
• The flexible and capital light nature of our
work enables us to pivot to alternate tasks
during weather events
• Reallocation of resources from across the
business in response to severe weather
1
• Recruited approximately 2,700 roles
in HY22
• Attrition for 12 months to 30 June 22 was
23%, up 3pp from HY21
• Net hirer of
100+ in HY22
• Sick leave has increased by 0.7pp to 3.0%
compared to HY21 – in-house recruitment
capability supporting temporary
workforce needs
• As an essential services provider,
Ventia ensured no material work was
postponed and service quality was
maintained through pandemic
• Contracts secured in 2021 successfully
mobilised
• More than 96% of HY22 revenue has an
inflation or price escalation mechanism
•
13 Enterprise Agreements successfully
negotiated in 2022 with an average wage
increase of 3% p.a. and tenure of 3 years
•
25% of Ventia's 118 Enterprise Agreements
locked in until the end of 2023
Weather eventsLabour availabilityCOVID-19Inflation
1. See client focused story on page 17.6
HY22 RESULTS PRESENTATION

Contracted revenue protected by escalation mechanisms
• Average contract tenure of 5.5 years
(
7.2 years with extension options)
• Price escalations built into
99% of contracts
awarded over the last 6 months
•
76% of HY22 revenue via Government clients,
24% via private clients
Schedule of rates• Contracts that have a combination of unit pricing and variable volume of
works (typically based on work activities or number of client assets maintained
– with the ability to remeasure work volumes over time)
• Overheads are often paid as a fixed monthly component of the fee
Cost reimbursable• Contracts that are structured to pass the actual costs through to the client
plus a margin
Fixed price• Contracts that have a fixed price (subject to variations) for an agreed outcome,
meaning that Ventia is paid for a proportion of works as they are performed,
where the overall price is fixed and is not affected by the cost of delivery
• Progress payments by the client are made either monthly or as a lump sum
once a completed milestone has been reached
Indexation
Indices used vary by contract and include CPI, WPI, ‘basket of goods’ indices, wage indices or specific
goods indices
Annual review
Contracts which have provision for an annual review of costs and inflation
Cost reimbursable
Contracts that are structured to pass the actual costs through to the client plus a margin
Short term or panel arrangements
Short term are contracts of 12 months or less. Panel arrangements relate to specific projects that are
short term and individually priced taking into account the prevailing market conditions at the time of
the tender
1. For example panel quoted work.
HY22 revenue by contract profile ($2.5b)HY22 revenue by escalation mechanism ($2.5b)
Schedule of Rates 78%
Cost Reimbursable 11%
Fixed Price 11%
Indexation 64%
Annual Review 21%
Cost reimbursable 11%
Short term or panel arrangement
1
4%
7
HY22 RESULTS PRESENTATION

Work in Hand $17.3b, after securing $3.1b of work in HY22. On track for target of ~$18b by Dec 22
Continued bid success underpins future growth
Whole of Australian Government
Commonwealth Government
(Department of Finance)
Leasing and facilities management
services to 39 Government entities
across over 650 properties.
$270M OVER 2 YEARS
Awarded April 22
Grid Maintenance Project Services
Transpower NZ
Operating, maintaining and providing
specialist services to New Zealand’s national
electricity grid.
$300M NZD OVER 5 YEARS
Awarded June 22
Western and Sydney Harbour Tunnel
Transport for NSW
End to end asset management services, including
engineering, operations, maintenance, environmental
management and other infrastructure services.
$450M OVER 15 YEARS
Awarded June 22
Integrated Facilities Management
Austin Health
24/7 facilities maintenance services and
minor capital works ensuring continuous
operation of vital assets.
$202M OVER 10 YEARS
Awarded June 22
Western Road Corridor Maintenance
Auckland Transport
Providing reactive, routine and programmed
maintenance and renewal activities across the
network, in both urban and rural geographies
urban and rural geographies.
$220M NZD OVER 5 YEARS
Awarded August 22
Asset Maintenance Services
NSW Land and Housing Corporation (LAHC)
Delivering more than 350,000 programs of
work annually in ~ 60,000 homes across
Sydney, Newcastle and Hunter Valley.
$185M OVER 18 MONTHS
Awarded June 22
8
HY22 RESULTS PRESENTATION

DividendsPro forma NPATA
1
($ millions)
Sustainable dividend growth providing attractive returns for shareholders
1. Net Profit after tax excluding the impact of amortisation of acquired intangibles.
FY19
101.5
146.8
119.5
171.8
49.6%
of FY22
forecast
FY21FY20FY22
NPATA (actual) NPATA (forecast)
75% pro forma NPATA
Paid out in FY21 and HY22
Future target payout ratio of 60-80%
of pro forma NPATA
80% franked
Interim dividend will be
partially franked
7 October 2022
Dividend payable
7.47 cents
Interim dividend for HY22
per share declared
9
HY22 RESULTS PRESENTATION

Financial results
Ventia is a finalist for the ACOMM Diversity & Inclusion award for our
partnership with Australian Spatial Analytics (ASA), an organisation dedicated
to training and employing remarkable young spatial analysts with autism.
Members of the ASA team last year commenced with our Queensland
Telecommunications business to undertake design work on the nbn project.
10
HY22 RESULTS PRESENTATION

Successful focus on delivery of cash backed profits
$ millions, pro formaHY21 HY22
Total revenue 2,309.52,510.0
Expenses (2,120.7)(2,306.7)
EBITDA188.8203.3
Non cash share based payments3.8–
Changes in net working capital(47.9)(25.8)
Operating cash flow
1
144.7177.5
Operating cash flow conversion
2
76.6%87.3%
Lease payments(38.4)(37.8)
Capital expenditure(5.5)(15.8)
Acquisition of subsidiary–(3.3)
Cash flow before financing and tax100.8120.6
Net financing costs (14.9)(15.5)
Free cash flow before tax and
dividends
85.9105.1
1. Operating cash flow represents EBITDA plus any non-cash share payments, after changes in Net Working Capital.
2. Operating cash flow divided by EBITDA expressed as a percentage.
Statutory profit in HY22 of $105.0m, up 163.2% on the HY21.
ATO audit concluded successfully in April 2022. As a result,
Ventia has recognised $117.5m in statutory historic tax losses.
Total capex has increased by $10.3m from the prior year due to increased
investment in capital assets to support both existing and new contracts.
Capex is expected to remain at less than 1% of revenue.
SAP integration completed in April 2022, on time and budget, delivering
decommissioning of 22 systems and 30% reduction in annual IT costs. Single integrated
suite of systems enabling an efficient enterprise-wide operating model.
$ millions, pro forma HY21HY22
Total capital expenditure5.515.8
Capital intensity0.2%0.6%
(Total capital expenditure / Total revenue)
11
HY22 RESULTS PRESENTATION

Pro forma EBITDA ($m) and EBITDA Margin (%)
Pro forma EBITDA performance demonstrates business progression
• Increased services revenue and management of
cost base underpins EBITDA growth and margins
• HY22 margin of 8.1% expected to be relatively
stable through FY22, driven by growth in lower
margin facilities management revenue in our
D&SI sector offset with growth in higher margin
telecommunications revenue
• HY22 EBITDA of $203.3m, an increase on HY21
of 7.7%
• Key drivers of HY22 EBITDA growth were new
contracts, particularly nbn Node to Premise
(N2P), Across Government Facilities Management
Agreement (AGFMA) and Sydney Road Asset
Performance Contract (SRAPC) and increased
volumes in existing contracts
FY2020
7.7%
$354.5
FY2021
8.3%
$379.9
500
300
100
HY22 margin,
8.1%
$408.6
FY2022
400
200
0
EBITDA 2H22 forecast EBITDA EBITDA Margin
FY2019
7.3%
$351.5
49.8%
of FY22
forecast
12
HY22 RESULTS PRESENTATION

• Credit metrics and balance sheet continue to strengthen
• Leverage Ratio
1
and Interest Cover Ratio improved 0.4 and 1.0 times respectively over the 12 months to
30 June 2022
• Strong financial flexibility with $634m of cash and undrawn facilities
• Cash focus combined with the business’ low capital requirements delivers a sustainable efficient operation
• 40% of term loan interest rate hedged over the medium term (3 years)
Strong balance sheet with financial flexibility
30 June 2022 metrics ($ millions)
Cash on hand234.2
Undrawn revolving
credit facility
400.0
Total liquidity634.2
Term loan750.0
Lease liabilities130.4
Total debt880.4
Net debt246.2
Total debt facilities1,150.0
Credit ratingS&P: BBB– (stable outlook)
Moody’s: Baa3 (stable outlook)
CovenantsLeverage ratio
1
<3.25x
(pro forma 1.5x as at 30 Jun 22)
Interest cover ratio >4x
(pro forma 13.3x as at 30 Jun 22)
Pro forma Leverage Ratio
1
, improved 0.4x since HY21
3
2
1
HY20HY20HY22HY22
2.2
1.5
HY21HY21
1.9
Pro forma Interest Cover Ratio, improved 1.0x since HY21
15
12
9
10.7
13.3
12.3
1. Calculated as Net Debt/bank adjusted EBITDA.13
HY22 RESULTS PRESENTATION

Outlook
Ventia has agreements in place with both
CareerTrackers and CareerSeekers to facilitate refugee,
asylum seeker and indigenous placements every year.
Throughout 2021 Ventia placed 11 indigenous students
and 8 mid-career refugees across the business.
14
HY22 RESULTS PRESENTATION

Sustained growth in essential services underpinned by market tailwinds
Estimated addressable market size
across Australia and New Zealand ($b)
1,2,3
Demand drivers
Size and growth of asset base
• $248b of spend allocated to government infrastructure spending nationally, over four years to FY24
4

• Total defence spending expected to increase 7.4%
5
Population growth
• Population growth has slowed as a result of COVID-19, expected to recover to pre-COVID levels by
2024-25
6
Technology, adoption and outsourcing
• State and local government outsourcing rates continue to increase
• We have seen a 23% increase in client bids requesting digital capabilities as a service
Energy transition
• Arcadis
7
global study estimates Australia needs to spend $165 billion on clean energy projects over
the next 8 years to create a pathway to net zero by 2050
• Australia has one of the largest interconnecting electrical systems in the world. Rapid grid
upgrades are required to T&D infrastructure to ensure an efficient transition to renewable energy
and storage
1. BIS Oxford Economics (2021). Refers to the financial years ended 30 June.
2. Refer to the prospectus for further information on the methodology BIS Oxford Economics used to estimate the addressable market.
3. Numbers presented in current prices (nominal value).
4. https://infrastructure.org.au/budget-monitor-2021-22/
5. https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview202223/DefenceOverview
6. https://population.gov.au/sites/population.gov.au/files/2022-04/2022-23_budget_overview.pdf
7. https://www.arcadis.com/en/knowledge-hub/perspectives/global/2021/energy-transition.
Telecommunication Transport Infrastructure Services Defence and Social Infrastructure New Zealand
FY2021
0
10
30
60
20
40
70
50
80
FY2023FY2022FY2024FY2025
62.0
9.2
64.7
5.5
22.5
22.0
5.5
67.7
72.3
10.2
76.9
6.0
28.7
25.8
6.2
FY2021-2025
CAGR: 5.5%
15
HY22 RESULTS PRESENTATION

Making progress on our sustainability targets
Targets
• Committed to Science Based Targets initiative to set emission
reduction and net zero targets
• 100% renewable energy by 2030 (electricity)
• 100% EV and hybrid light vehicle fleet by 2030


Progress
• HY22 greenhouse gas emissions reduced by 7%, with a 14%
reduction in emission intensity
• On track to submit SBTi targets by HY23
• In HY22, 67 hybrid light vehicles, first hydrogen car and hybrid
excavator added to fleet. An additional 79 hybrid vehicles are on order
• Diesel usage reduced by 12% and vehicle idling time reduced 14%
Targets
• Aligned to HESTA 40:40 Vision commitment
• 40% female participation in senior management and all employees
• Retain Reconciliation Australia’s Elevate RAP
1
status



Progress
• Women in senior management increased to 35%
• Elevate RAP
1
– Expression of Interest accepted by Reconciliation
Australia and progressed to Peer Review
• Indigenous business spend of $63m in HY22 (4.2% of total spend).
Up 15.1% on HY21
Targets
• Compliance with the ASX Corporate Governance Principles
and Recommendations
• All significant suppliers compliant with Ventia’s Code of Conduct
• Maintain and improve systems and processes to prevent modern
Slavery within our diverse businesses throughout Ventia and our
supply chains
Progress
• 57% Independent Directors on Board, up from 50%
• Modern Slavery statement lodged June 22
• Active member of Infrastructure Sustainability Council Modern
Slavery Coalition to drive industry awareness and change
• VenSec, automating our governance, with digital requests for bond
and bank guarantees
Environment Social Governance
1. Reconciliation Action Plan.
16
HY22 RESULTS PRESENTATION

Differentiating through our strategy to 'Redefine Service Excellence'
“

We value the delivery of consistent service by Ventia and
the steps taken in extra-ordinary conditions, including the
pandemic and some of NSW’s largest weather events.”
– MARK BYRNE, NSW LAND AND HOUSING CORPORATION
“

Ventia’s IoT deployment has delivered key efficiency gains
in our maintenance operations, it has also reduced risk to
patients and staff.”
– LOUISE BISHOP, CENTRALALLIANCE
“

Ventia are problem solvers and drive a culture of
continuous improvement.”
– ALLISON NORRIS, DEPARTMENT OF DEFENCE
Client FocusedInnovationSustainability
Tenant satisfaction ratings consistently exceed 90%
Record breaking rain and widespread flooding in NSW saw
an immediate response from Ventia, training and temporarily
redeploying 150 employees from across the business into call
centre and field operative roles to provide round the clock critical
incident support.
Call volumes to our Ventia Operations Centre increased by 160%,
and work orders were up by 148% as residents sought urgent repairs
and assistance.
Our teams rose to the challenge to help tenants in desperate
need of essential services, responding to calls and supporting
in-field site inspections.
Up to 60% cost reduction through remote monitoring
Ventia IoT protects $135m critical client assets
Ventia has over 40,000 IoT sensors installed on critical assets across
ANZ, which is an increase of 76% since 2020.
Our internal capability for sensor design, installation and operation
allows us to increase momentum with an additional 40,000 sensors
planned for deployment in the next 12 months.
IoT sensors detect and respond to changes in an environment.
They collect and share data enabling real time and automated
decision making.
15 tonnes of combat uniform diverted from landfill
A sustainable reprocessing solution for the Australian Defence
Force has been implemented throughout all 31 Defence National
Clothing Stores.
Ventia partnered with Veolia and Shred-X Secure Destruction for
uniform processing using a recycling system that converts textiles to
biofuel, significantly reducing waste to landfill.
The successful trial proved the new approach to managing uniforms
at end of life enabling the achievement of Defence’s environmental
and sustainability targets, as well as the national rollout.
17
HY22 RESULTS PRESENTATION

People are at the heart of our success
78%
Highly motivated
employees with
engagement at
30%
Female participation
+100
Net hirer over
6 months to 30 June
29%
Safety performance
improved over HY21
200
Healthy Mind
ambassadors
+35,000
Flexible workforce
(employees and
subcontractors)
Indigenous Workforce
4.8%
Workforce of indigenous descent
+150
First Nations people have been
employed in HY22 across Australia and
New Zealand with support from TRECCA
1
Our dedicated Indigenous Employment team (pictured) aims to
grow the number of Indigenous men and women employed by
Ventia. They provide pastoral care to new recruits, with a focus on
eliminating the employment gap.
1. TRECCA is Ventia's in house team responsible for recruitment, mentoring and pastoral care of indigenous employees.18
HY22 RESULTS PRESENTATION

HY22 performance provides a platform to reaffirm FY22 forecast
FY22 key pro forma prospectus forecasts reaffirmed
EBITDA of
$408.6m
Total revenue of
$4,942.6m
NPATA guidance of
$171.8m
Demand for
essential services
forecast to grow
We have a resilient and
diversified business with
increasing momentum
Differentiating through
our strategy to Redefine
Service Excellence
Positioned to deliver
cash backed profits
and sustainable
dividend growth
19
HY22 RESULTS PRESENTATION

Q&A
Ventia has been named as the third most attractive place to work
in New Zealand in the 2022 Randstad annual employment survey.
More than 4,000 members of the public responded to the survey
and rated Ventia highly for being financially healthy, offering
interesting job content and fostering a pleasant work atmosphere.
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HY22 RESULTS PRESENTATION

Appendix
Ventia has recently taken delivery of a second-generation model
Mirai hydrogen vehicle, one of only 20 in Australia, for its Western
Roads Upgrade project team in Victoria. The vehicle is estimated to
reduce carbon emissions by more than seven tonnes compared to
a petrol-fueled car.
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HY22 RESULTS PRESENTATION

Statutory N PAT to pro forma N PATA reconciliation
Commentary
• Broadspectrum pro forma adjustments excludes the gain on sale of APP Corporation
• Broadspectrum transaction and integration costs excludes transaction and integration costs
relating to the acquisition of Broadspectrum and the sale of APP Corporation
• Amortisation excludes Ventia accelerated amortisation of brands and software retired post
integration of Broadspectrum
• Offer related costs excludes IPO related costs which were expensed
• Listed public company costs includes incremental costs that are incurred as a listed company
• Ventia shareholder fee excludes Ventia’s previous shareholder fee structure which is no longer in
place following the IPO
• Remuneration changes excludes the previous Executive Incentive Plan and includes Ventia’s new
share-based payment plan which was implemented in HY22
• Interest expense adjustments excludes costs associated with legacy debt arrangements and
includes interest on the New Banking Facilities
• Income tax adjustments applies a pro forma tax rate of 30%
HY21
$m
HY22
$m
Statutory NPAT39.9105.0
Operating expense adjustments (pre-tax)
Broadspectrum pro form adjustments(24.7)–
Broadspectrum transaction and integration costs28.85.5
Amortisation13.25.8
IPO related costs0.8–
Listed public company costs(4.4)–
Ventia shareholder fee1.5–
Remuneration changes(1.5)–
Total operating expense adjustments (pre-tax)13.811.3
Interest expense adjustments37.0–
Income tax adjustments(23.2)(39.5)
Total adjustments27.7(28.2)
Pro forma NPAT67.576.8
Amortisation of acquired intangibles (after tax)7.58.4
Pro forma NPATA75.085.2
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HY22 RESULTS PRESENTATION

Pro forma consolidated statements of profit or loss
$ millions
HY21
$m
HY22
$m
Change
%
Total revenue2,309.5 2,510.0 8.7%
EBITDA 188.8 203.3 7.7%
EBITDA %8.2%8.1%(0.1ppts)
Depreciation (51.9) (51.7)(0.4%)
Amortisation of software (14.9)(14.3)(4.0%)
EBITA 122.1 137.312.4%
EBITA %5.3%5.5%0.2ppts
Amortisation of acquired intangibles(10.8) (12.0)11.3%
EBIT 111.3 125.312.6%
Net finance costs (14.9) (15.5)4.3%
Profit before tax 96.5 109.813.7%
Tax expense (28.9)(33.0)14.2%
N PAT 67.5 76.813.7%
Amortisation of acquired intangibles (after tax) 7.5 8.4 12.0%
N PATA 75.0 85.213.6%
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HY22 RESULTS PRESENTATION