FY22 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


24 February 2023
Outperformance on key prospectus metrics and FY23 guidance
Ventia Services Group Limited (Ventia) today announced its financial results for the twelve months to
31 December 2022 (FY22) , delivering Revenue, EBITDA and NPATA growth, ahead of prospectus
forecast.
Ventia Group Chief Executive Officer, Dean Banks said: “Ventia’s pro forma NPATA of $179.6m, up
22.4%, and a final dividend of 8.28 cents per share reflect the full year benefit of new contracts,
increased productivity and our competitive value proposition. Statutory net profit was up materially to
$191.2m, including the benefit of one-off recognition of historic tax losses in the first half of FY22.”
Highlights
• Outperformance on key prospectus metrics
• Continued positive safety momentum with TRIFR
1
down 14.1%
• Pro forma Revenue of $5,167.5 million, up 13.4% on FY21
• Pro forma EBITDA of $419.8 million, up 10.5% with margin of 8.1%
• Work in hand increased to $18.0 billion, up 7.1%
• Prudent cash focus delivered pro forma operating cash flow conversion of 88.9%
2

• A Final Dividend of 8.28 cents per share, franked to 80%, results in a full year dividend of
15.75 cents per share

• Guidance - FY23 NPATA growth of 7-10% on FY22 pro forma NPATA
“We pride ourselves on the resilience of our portfolio and the ability to deliver stable and consistent
financial outcomes through the cycle, this year reinforced that perspective.
“Building on the solid momentum of FY21, Ventia is delivering our strategy to redefine service
excellence. This pursuit is accelerating our performance with great examples of new contracts which
demonstrate client focus, innovation, and sustainability. Our expert technical capability underpinned
the Square Kilometre Array Observatory contract win, a major diversification for our
Telecommunications sector. Whilst our digital and asset management capability was demonstrated
with the award of our innovative, interactive digital twin solution for Defence.
“This year we set ourselves the objective of securing $18.0 billion work in hand, creating a strong
future pipeline and supporting a high level of secured revenue for 2023. Today we delivered on that
target, growing work in hand 7.1% from our previous record of $16.8 billion, set last year.

1
TRIFR - Total recordable injury frequency rate, calculated as the total number of recordable injuries, divided by hours worked in millions
2
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

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


“Large new contract wins and renewals such as Sydney and Western Harbour Tunnels, Transpower in
New Zealand and the InterCity fibre build for Telstra InfraCo demonstrates clients seeking Ventia’s
specialist capability, robust systems, and compelling value proposition.
“Ventia is a business that has delivered sustainable growth through recent cycles. We see ongoing
opportunity for growth in all four business sectors. We are confident our strategy will continue to
deliver excellent outcomes for our clients and long-term value for our shareholders.”
Safety and Sustainability
Ventia’s Total Recordable Injury Frequency Rate (TRIFR) improved markedly to 3.7 compared to 4.3
in FY21, a 14.1% reduction. This has been achieved through many elements which include a focus
upon the positive leadership shadow cast and the effectiveness of our education programs to upskill
our diverse workforce.
Sustainability is a crucial component of our strategy. In 2022 we delivered an absolute emission
3

reduction of 10.6% across the business. We have more than doubled the number of hybrid or fully
electric vehicles in our fleet, with materially more on order. This year’s progress is a meaningful step
towards our target of 100% hybrid or electric light vehicles by 2030. We look forward to sharing more
details of our sustainability achievements in our Sustainability Report, which will be published in March
2023.
Dividends and Balance Sheet
The strong financial result, high cash flow conversion and focus on cash backed profits, allowed the
Board to declare a final dividend of 8.28 cents per share, 80% franked and payable on 6 April 2023.
This brings our total dividend to 15.75 cents per share, representing a payout of 75% of pro forma
NPATA for the twelve months to 31 December 2022.

Ventia’s diligent cash focus has delivered high pro forma cash conversion (88.9%) and an improved
leverage ratio (1.4x). Our interest cover ratio reduced marginally to 12.4x with the recent increases in
interest costs. On 31 December 2022, the business had a very strong liquidity position of $680 million,
including cash of $280 million and an undrawn revolving facility of $400 million.

Outlook
Dean Banks said: “Ventia’s Board and Management anticipate continued stable and considered
growth. We expect revenue and earnings momentum will remain as the demand for essential services,
underpinned by recent record infrastructure spend continues.

3
Combined scope 1 and scope 2 emissions

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


Ventia’s business fundamentals and differentiated strategy provides a strong business outlook. This
gives us confidence to today announce our 2023 guidance range for NPATA growth of 7 to 10 percent
compared to FY22 pro forma NPATA.”
Market briefing
Ventia will provide a market briefing at 11.00am (AEDT) today, 24 February 2023. 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.

---

FY22 Results Presentation
Dean Banks –Group Chief Executive Officer
Stuart Hooper –Chief Financial Officer

FY22 RESULTS PRESENTATION
1
Disclaimer
This presentation is in summary form and is not
necessarily complete. It should be read together
with the Company’s Full Year Report 2022 lodged
with the ASX on 24 February 2023.
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.

FY22 RESULTS PRESENTATION
2
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.

FY22 RESULTS PRESENTATION
3
A successful first year as a listed company
Financial Outperformance Success in Redefining Service Excellence
Client Focus
•Achieved $18.0b work in hand, up 7.1%
•85% client renewal rate
•$2.1b revenue secured from new clients
Delivered on prospectus commitments
•Revenue $5,167.5m, up 4.6% on prospectus
•EBITDA $419.8m, up 2.7% on prospectus
•NPATA $179.6m, up 4.5% on prospectus
Innovative
•Single enterprise technology platform complete
Sustainable
•10.6% emissions reduction
•TRIFR improvement of 14.1%
High cash conversion of 88.9%
•Operating cash flow $373.3m, in line with prospectus
Final dividend of 8.28 cents per
share, total of 15.75 for 2022

FY22 RESULTS PRESENTATION
4
Strong growth in operating performance delivered in FY22
TOTAL REVENUE
$5,167.5m
▲13.4% ON FY21
▲4.6% ON PROSPECTUS
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 of this presentation for statutory to Pro forma NPATA reconciliation and Pro forma consolidated statements of profit or loss
EBITDA
$419.8m
▲10.5% ON FY21
▲2.7%ON PROSPECTUS
NPATA
$179.6m
▲22.4% ON FY21
▲4.5% ON PROSPECTUS
EBITDA MARGIN
8.1%
▼0.2 PP ON FY21
▼0.2 PPON PROSPECTUS
CASH CONVERSION
RATIO
88.9%
▲4.0 PP ON FY21
▼2.5 PP ON PROSPECTUS
WORK IN HAND
$18.0b
▲7.1% ON FY21
Pro forma Financials

FY22 RESULTS PRESENTATION
5
Diversified and resilient portfolio underpins growth
FY22 pro forma revenue
$2.3b
▲22.8% on FY21, ▲10.7% on prospectus
EBITDA
$153.4m
▲19.2% on FY21, ▲12.9% on prospectus
Work in hand
$6.1b
Defenceand Social Infrastructure Infrastructure Services Telecommunications Transport
FY22 pro forma revenue
$1.2b
▼0.1% on FY21, ▼10.3% on prospectus
EBITDA
$112.6m
▼5.0% on FY21, ▼16.8% on prospectus
Work in hand
$5.4b
FY22 pro forma revenue
$1.1b
▲14.6% on FY21, ▲14.0% on prospectus
EBITDA
$141.1m
▲9.0% on FY21, ▲6.1% on prospectus
Work in hand
$1.6b
FY22 pro forma revenue
$0.5b
▲8.1% on FY21, ▲0.3% on prospectus
EBITDA
$38.8m
▲19.5% on FY21, ▲7.0% on prospectus
Work in hand
$4.9b

FY22 RESULTS PRESENTATION
6
Work in hand of $18.0b, up 7.1% in FY22
Design and construction of
radio telescope ▲
Square KilometreArray Observatory
$200M OVER 3 YEARS
Awarded Dec 22,
Telecommunications
Court and custodial
services ▲
Western Australian Government
$229M OVER 4 YEARS
Awarded Dec 22, Defence& Social
Infrastructure
▲Contract renewal
▲New work existing client
▲New client
FY22 RESULTS PRESENTATION
Gold Coast city water ▲
City of Gold Coast Council
$250M OVER 10 YEARS
Awarded Aug 22
Infrastructure Services
Western and Sydney
HarbourTunnel ▲
Transport for NSW
$450M OVER 15 YEARS
Awarded Apr 22
Transport
Western Road
Corridor Maintenance ▲
Auckland Transport
$220M NZD OVER 5 YEARS
Awarded Aug 22
Transport
Grid Maintenance
Project Services ▲
TranspowerNew Zealand
$300M NZD OVER 5 YEARS
Awarded May 22
Infrastructure Services
Whole of Australian
Government ▲
Commonwealth Government
(Department of Finance)
$270M OVER 2 YEARS
Awarded Apr 22, Defence& Social
Infrastructure
Inter-city fibreproject ▲
Telstra InfraCo
$125M OVER 3 YEARS
Awarded Aug 22,
Telecommunications
Design and construction of
radio telescope ▲
Square KilometreArray Observatory
$200M OVER 3 YEARS
Awarded Dec 22
Telecommunications
Court and custodial
services ▲
Government of Western Australia
$229M OVER 4 YEARS
Awarded Dec 22
Defence & Social Infrastructure
Whole of Australian
Government ▲
Commonwealth Government
(Department of Finance)
$270M OVER 2 YEARS
Awarded Apr 22
Defence & Social Infrastructure
Inter-city fibreproject ▲
Telstra InfraCo
$125M OVER 3 YEARS
Awarded Aug 22
Telecommunications

FY22 RESULTS PRESENTATION
7
Building on our strategy to Redefine Service Excellence
Innovative Client Focused Sustainable
We are currently installing 87,000 LEDs to reduce
energy and reactive maintenance costs. In
partnership with Defence the program will deliver
significant reduction in carbon emissions,
24,000+ tonnes in the first phase, with 29,000+
tonnes to follow in the second phase
Project on a Page delivers systematised,
standard and transparent reporting. This
provides an enhancedlevel of governance and
control. The insights and analytics delivered
underpin consistent client outcomes and rapid
risk assessment
Our expert capability differentiated Ventia and
assisted in the win of the new Square Kilometre
Array Observatory (SKAO) contract. The client said
“Ventia submitted an innovative proposal, offering
superior technical capability and best value for
money for the project”
Philip Diamond
Director-General, SKA Observatory
What’s Up? A program developed in partnership with the Federal Safety
Commissioner to raise awareness and increase the safety of working at height.
Ventia was commended for our proactive leadership and immediate action, this
is a great example of our people delivering an outcome for Ventia and a positive
influence on the wider industry
Health and Safety
WHAT’S UP?

8
Financial Results
FY22 RESULTS PRESENTATION

FY22 RESULTS PRESENTATION
9
Long term track record of consistent delivery
•Growing demand for Ventia’s
services
•Revenue increased 13.4% on FY21
•Delivering a consistent value
proposition for shareholders
•NPATA has grown at a CAGR of
21.0% over 3 years
•Demonstrating a clear focus on cash
backed profits
•Operating cash flow has increased by
a CAGR of 8.8% over 3 years
•Providing a solid platform for future
growth
•Work in hand has grown 15.1% CAGR
over 3 years
Pro forma Revenue and EBITDA Margin ($m/%)Pro forma NPATA and NPATA margin ($m/%)
Pro forma Operating Cash Flow and Cash Flow
Conversion ($m/%)
Work in hand ($b)

FY22 RESULTS PRESENTATION
10
Contracted revenue protected by escalation mechanisms
FY22 revenue by contract profile ($5.2b)FY22 revenue by escalation type ($5.2b)
Indexation
Indices used vary by contract and include CPI
1
, 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 noting prevailing market conditions at the time of tender
Diversified portfolio
400+ sites and 40% of our people working in regional and rural areas
Average contract tenure
5.4 years (7.1 years with extension options)
Price escalations
95% of FY22 revenue had an inflation or price escalation mechanism
Government contracting
77% of FY22 revenue via Government clients, 23% via private clients
1. 2022 CPI in Australia w as 7.8% and NZ 7.2%.

FY22 RESULTS PRESENTATION
11
Delivery of cash backed profits has unrelenting focus
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.
$ millions, pro formaFY21FY22
Total revenue4,557.45,167.5
Expenses(4,177.5)(4,747.7)
EBITDA379.9419.8
Non cash share based payments7.57.5
Changes in net working capital(64.7)(54.1)
Operating cash flow
1
322.7373.3
Operating cash flow conversion
2
84.9%88.9%
Lease payments(72.0)(71.5)
Capital expenditure(36.3)(34.4)
Acquisition–(15.7)
Cash flow before financing and tax214.4251.7
Net financing costs(30.4)(33.9)
Free cash flow before tax and dividends184.0217.8
Changes in working capital
Net working capital has increased by $54.1m primarily due to the roll off
of PPA provisions, this change remains inline with original expectations.
Refer to appendices for further details
Operating cash flow
Operating cash flow before interest and tax increased by $50.6m or
15.3% to $373.3m. This represents cash flow conversion of 88.9% of
EBITDA (an increase of 4.0 pp on FY21). The second half of 2022 cash
flow conversion improved to 90.4%
Acquisitions
$15.7m was paid for two bolt on acquisitions, Kordia Solutions Pty Ltd
($10.0m) and the assets of ATC Energy ($5.7m)
Net Finance costs
Net finance costs were higher in FY22 due to an increase in BBSY base
rate. The interest rate exposure on our term loan is 50% hedged, for the
next 2 years

FY22 RESULTS PRESENTATION
12
Strong financial flexibility, with good liquidity and material headroom
1. Calculated as Net Debt/bank adjusted EBITDA.
•Gearing level prudent with material headroom to covenants
•Cash focus and capital light operating model underpins operating cash flows. As at 31
December 2022 Ventia had $680 million of cash and undrawn facilities
•50% of term loan interest rate hedged over 2 years
Pro forma Leverage Ratio
1
improved 0.4 times over FY21Interest Cover Ratio more than 3x covenant
31 December 2022 metrics ($ millions)
Cash on hand280.0
Undrawn revolver400.0
Total liquidity680.0
Term loan750.0
Lease liabilities132.5
Total debt882.5
Net debt602.5
Total debt facilities1,150.0
Credit ratingS&P: BBB–(stable outlook)
Moody’s: Baa3 (stable outlook)
CovenantsLeverage ratio
1
<3.25x
(pro forma 1.4x as at 31 Dec 22)
Interest cover ratio >4x
(pro forma 12.4x as at 31 Dec 22)
Headroom to
covenant
Headroom to
covenant

FY22 RESULTS PRESENTATION
13
Sustainable dividend growth
8.28 cents
Final dividend for FY22 per share declared
Total dividend of 15.75 cents for FY22
Pro forma NPATA ($ millions) Dividends
75% pro forma NPATA
Future target payout ratio of 60-80%
of pro forma NPATA
6 April 2023
Dividend payable
80% franked
Final dividend will be partially franked
Guidance range
of 7-10% pro
forma NPATA
growth

FY22 RESULTS PRESENTATION
14
Disciplined capital allocation
Capex of $34.4m invested in
FY22. 0.7% of Revenue
1.Business investment to
generate organic growth
2.Annual dividends to
shareholders
3.Fund bolt on
acquisitions
4.Capital management
toolkit
Dividend of 15.75 cps paid to
shareholders in FY22,
75% payout of NPATA
Focus on opportunities that
develop new capabilities or
provide access to new markets
Management and the Board will
periodically consider future
capital management initiatives

15
Outlook
FY22 RESULTS PRESENTATION

FY22 RESULTS PRESENTATION
Market tailwinds expected to continue to accelerate business growth
1. BIS Oxford Economics (2022). Refers to the financial years ended 30 June.
Outsourced Maintenance Services
addressable market size
Australia & New Zealand ($b)
1
Large and
growing asset
base
Population
growth
Increasing
outsourcing
rates
Exposure to mega
trends, including
energy transition
Demand Drivers
1
Aging infrastructure
requires increased
maintenance and new
infrastructure
supports even further
maintenance services
demand
Contributes to
increased utilization
and need for
additional
infrastructure
As the world seeks to
halt climate change
businesses are
increasingly looking
for services and assets
which reduce their
carbon footprint
FY22 –FY26
CAGR: 6.6%
68.0
73.5
77.5
82.4
87.8
Sydney and Western
Harbour Tunnel
Expanded scope of
Austin Health
contract
Additional outsourcing
of 50% of South
Australian government
agencies -AGFMA
First community
battery in Fitzroy
North –Yarra Energy
Foundation
Outsourcing rates are
increasing as
organisations seek to
reduce costs and focus
on core activities
Recent contract win examples
16

FY22 RESULTS PRESENTATION
17
Key opportunities for FY23 and beyond
Leverage group wide capability
to expand Defence pipeline
Defenceand Social Infrastructure
Deliver energy transition solutions
to support client climate
ambitions
Infrastructure Services
Maintain market-leadership whilst
broadening capability to support
adjacent markets e.g. Defence and
Space
Telecommunications
Leverage capabilities and strategic
relationships to deliver further
growth in urban and Local
Government work
Transport
Accelerate cross-selling by leveraging enterprise capabilities and regional presence
Leverage enterprise-wide systems and operating platform
#1 provider of Defence
base services in Australia
#1 complex environmental services
remediation provider in Australia
#1 telecommunication infrastructure
services provider in ANZ
#1 provider of private
motorways and tunnels
servicing & maintenance in ANZ

FY22 RESULTS PRESENTATION
18
Ventia’s long term investment proposition
7-10%
Average revenue growth
Revenue targeted to grow
faster than market
80-95%
Cash flow conversion
Diligent focus on
cash backed profits
75%
Target NPATA payout ratio
High conversion of
profits into dividends
Annual distribution aligned with
earnings growth
Growing shareholder
dividend

FY22 RESULTS PRESENTATION
19
Platform in place for continued success in 2023
FY23 Guidance
Growth in NPATA of 7-10% compared to FY22 pro forma NPATA
Outperformed Revenue, EBITDA and NPATA
Strategy to deliver Service Excellence driving
superior results
Our markets remain strong and growing
Resilient and diversified business
Focused on long term strategic clients alongside
selective new opportunities
19

20
Q&A
FY22 RESULTS PRESENTATION

21
Appendix
FY22 RESULTS PRESENTATION

FY22 RESULTS PRESENTATION
22
Consolidated statement of financial position
$ millionsFY21FY22
Total current assets 923.71,147.2
Total non-current assets 1,757.71,711.8
Total assets 2,681.42,859.0
Total current liabilities 1,159.71,248.4
Total non-current liabilities 1,131.21,089.7
Total liabilities 2,290.92,338.1
Net assets 390.5520.9
Total equity 390.5520.9

FY22 RESULTS PRESENTATION
23
Pro forma consolidated statements of profit or loss
$ millionsFY21FY22
FY21 to FY22 %
variance
FY22 prospectus
forecast
Total Revenue4,557.45,167.513.4%4,942.6
EBITDA379.9419.810.5%408.6
EBITDA %8.3%8.1%(0.2pp)8.3%
Depreciation(108.7)(104.1)(4.2%)(105.4)
Amortisation of software(31.1)(25.2)(19.0%)(27.1)
EBITA240.1290.521.0%276.2
EBITA %5.3%5.6%0.3pp5.6%
Amortisation of acquired intangibles(22.1)(24.0)8.6%(23.3)
EBIT218.0266.522.2%252.9
Net finance costs(30.4)(33.9)11.5%(30.8)
Profit before tax187.6232.624.0%222.1
Tax expense(56.3)(69.8)23.9%(66.6)
NPAT131.3162.824.0%155.5
Amortisation of acquired intangibles (after tax)15.516.88.4%16.4
NPATA146.8179.622.4%171.8

FY22 RESULTS PRESENTATION
24
Statutory NPAT to pro forma NPATA reconciliation
$ millionsFY211H222H22FY22
Statutory NPAT19.5105.086.2191.2
Broadspectrumpro forma adjustments(24.6)---
Broadspectrum transaction and integration costs67.55.5-5.5
Amortisation32.75.8-5.8
Offer-related costs6.9---
Listed public company costs(5.5)---
Ventia shareholder fee2.5---
Remuneration changes(3.7)---
Total operating expense adjustments (pre-tax)75.811.3-11.3
Interest expense adjustments107.0---
Income tax adjustments(71.0)(39.5)(0.2)(39.7)
Total adjustments111.8(28.2)(0.2)(28.4)
Pro forma NPAT131.376.886.0162.8
Amortisation of acquired intangibles (after tax)15.58.48.416.8
Pro forma NPATA146.885.294.4179.6
Commentary FY22
•No pro forma adjustments made in 2H22, only
adjustment $0.2m income tax to arrive at prima
facie 30% tax rate
•Minimal pro forma adjustments made in 1H22
related to tail end of Broadspectrumacquisition
and the tax benefits associated with the
conclusion of the ATO audit
•FY23 expected to be a clean set of accounts
with no pro forma adjustments
•Broadspectrumtransaction and integration
costs of $5.5m. 1H22 pro forma excludes the
final integration costs relating to
Broadspectrum
•Amortisationof $5.8m. 1H22 proforma
numbers exclude accelerated amortisationof
brands and software retired post integration of
Broadspectrum
•Income tax adjustments of ($39.7m). The net
benefit relates primarilyto the finalisationof
the ATO tax audit in June

FY22 RESULTS PRESENTATION
25
Purchase price adjustments rolling off as expected
2022
Unfavourable
Contracts
$’m
Onerous
Contracts
$’m
Warranties &
contract claims
$’m
Other
$’m
Total
$’m
Carrying amount at start of
year
83.842.1100.424.8251.1
Movement:
Provision raised-0.733.76.741.1
Provisions used(20.2)(24.2)(29.2)(7.4)(81.0)
Reclassification-(3.0)3.0--
Effect of exchange rates(0.2)-0.2--
Carrying amount at end of year63.415.6108.124.1211.2
Provision commentary
FY22 expected to be the peak of PPA provision release. The
FY23 release is expected to be approximately half that of FY22.
80% of the PPA provision will roll off by 2025, with the
remaining 20% a small but long tail
Unfavourablecontracts
PPA Provisions used in the year $20.2m (FY21 $20.2m)
Onerous contracts
PPA Provisions used in the year $18.2m (FY21 $22.6m)
Non-PPA provisions used during the year (net) = $5.3m

FY22 RESULTS PRESENTATION
26
Single enterprise-wide platform
We differentiate through our cloud based, scalable and robust platform
Flexible User Experience Layer
Client Portal, Sub-contractor Portal and Mobility Solutions
Easy to use and flexible front end
•Ease of use for clients, subcontractors and
employees
•Adaptable to client needs
Data and analytics platform
•Insights for real-time decision making
•Internal and external data collation
•Provision of analytics tools and training
academy
Single enterprise-wide platform
•Cloud based
•Automated and scalable
•Built-in intelligence
•Onshore support
•Client data protection
•Embedded security controls
API Integration Hub
HELIX Data Analytics Platform
Procurement and Subcontractor Management
Sales/PipelineSafety, Quality &
Compliance
VenSafe
VenCentral
Ventia Compliance
Management
Work Order
Management Engine
Capital Projects
NOVUS-CATS-P6
Asset Management
High Volume and Maintenance Services
SAP -Click
HVS –SAP Extension
Velrada –Camp Management
Genesys Contact Centre Solution
Works and Asset
Management
Work Management
Engine
Enterprise
Core Layer
SAP
Other

FY22 RESULTS PRESENTATION
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Health and Safety is our number one priority
•14% improvement in total recordable injury frequency rate in FY21
•36% improvement in serious incident frequency rate in FY21
•Industry Recognition –
•National Safety Awards of Excellence Winner –BestManagement System
•Regulator partnership: What’s Up campaign Working at height campaign
•Winner, Best Young Health & Safety Professional, Australian Workplace
Health & Safety Awards