HY23 Results – Media Release and 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 2023
Performance delivered; on track for top end of guidance range
Ventia Services Group Limited (Ventia) today announced its financial results for the six m onths to 30
June 2023 (HY23) , delivering greater than 10% growth in Revenue, EBITDA and NPATA.
Ventia Group Chief Executive Officer, Dean Banks said: “Ventia set out to achieve three broad goals
this half, to deliver on expectations both operational and financial, realise sustainable growth and
continue to create long term value for shareholders. I am pleased to report that we have delivered
against each of these goals. We have achieved solid performance and growth across all sectors. Our
renewal rate of 90%, work in hand of $17.5 billion and revenue from new projects of nearly $750
million are each an excellent leading indicator for the sustainability of our growth. And lastly, reporting
interim dividend growth of 11.2%, combined with full year guidance at the top end of the range, clearly
demonstrates the continued increasing trajectory of dividends the company has distributed since
listing.”
Highlights
• Strong business performance, with solid growth across all sectors
• Continued positive safety momentum with TRIFR
1
down 11.4%
• Revenue of $2,786.8 million, up 11.0% on HY22
• EBITDA of $225.1 million, up 10.7% with margin of 8.1%
• Work in hand increased to $17.5 billion, up 1.0%
• Prudent cash focus delivered operating cash flow conversion of 88.9%
2

• Interim Dividend of 8.31 cents per share, franked to 80%
• Guidance - FY23 NPATA growth of 7-10% on FY22 pro forma NPATA
“Ventia’s Statutory NPATA of $94.8m was up 11.3% on the prior corresponding period (pcp), which
underpinned our interim dividend of 8.31 cents per share (up 11.2%). This robust performance was
primarily driven by the full year benefit of new Telecommunications contracts, as well as scope
expansion, increased volumes and award of further minor capital works across all the sectors.
“We continue to make significant inroads embedding our strategy and putting service excellence at the
centre of everything we do. Ventia continues to broaden and strengthen existing relationships, while
exploring new markets and capabilities. This has been evidenced by some of the large contract wins
this period, such as the Defence Maintenance Contract and Yallourn, each demonstrating existing
Ventia’s specialist capability, robust systems, and compelling value proposition.

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.
*All prior corresponding period numbers are on a reported pro forma basis for HY22

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


“During this period, we have also seen new work awarded by strategic long-term clients such as
Transurban and NBN, for their Queensland road network and more Node to Premise work, which
leverages our strong asset management and expert capability. Pleasingly, we have made some
further inroads into new markets, for example in Telecommunications for the service of electric vehicle
charging stations nationally, and in Infrastructure Services, for maintenance services of the West
Wyalong solar farm, leveraging our emerging energy solutions capability.
“We see significant future opportunity across all four business sectors, underpinned by strong demand
drivers and mega trends. We are confident our strategy will continue to deliver service excellence for
our clients and long-term value for shareholders,” said Mr Banks.
Safety and Sustainability
Ventia’s TRIFR continued to improve, falling from 3.9 to 3.5 in HY23, an 11.4% reduction. There are a
series of progressive actions which have contributed to the continued positive safety trajectory, which
include deep leadership commitment, investment in front line training and greater focus on our critical
controls.
Our commitment to sustainability is clear. In 2023 we are working towards the submission and
verification of our Science Based Targets, which we expect to submit before the year’s end. Over the
half we delivered an absolute emission
3
reduction of 9.0% across the business through fleet transition
and the sale of Parklea. Across our fleet an additional 39 hybrid and electric vehicles have been
added with a further 110 currently on back order. We remain committed to our targets across
environment, social and governance and look forward to updating you on our metrics and progress at
the ful l year.
Dividends and Balance Sheet
The half year performance and high cash flow conversion allowed the Board to declare an interim
dividend of 8.31 cents per share, 80% franked and payable on 6 October 2023. This represents a
payout of 75% of pro forma NPATA for the six months to 30 June 2023.

Ventia’s diligent cash focus has delivered high cash conversion (88.9%) and an improved leverage
ratio (1.3x). Our interest cover ratio reduced to 10.4x with the recent increases in base rates and offset
by our hedged component. As at 30 June 2023, the business had a liquidity position of $721.0 million,
including cash of $321.0 million and an undrawn revolving facility of $400 million.




Outlook

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


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
continues, underpinned by market tail winds.
Ventia’s strong performance, robust business fundamentals and diligent risk focus gives us confidence
to update our 2023 guidance to the top end of the range for NPATA growth of 7 to 10% compared to
FY22 pro forma NPATA.”
Market briefing
Ventia will provide a market briefing at 11.00am (AEST) today, 25 August 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 Sam O’Connor
General Manager Investor Relations General Manager Enterprise Strategy
chantal.travers@ventia.com sam.oconnor@ventia.com

+61 428 822 375 +61 409 237 166


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.

---

HY23Results
Presentation
25 August 2023
Dean Banks: Chief Executive Officer
Stuart Hooper: Chief Financial Officer
Members of Ventia’s Lane
Cove Tunnel Incident
Response team

02
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.
A formal welcome to Larrakia land with a sunrise Saltwater
Ceremony at Lake Alexander, Darwin Northern Territory

0
1
2
3
4
5
FY21HY22FY22HY23
0
0.1
0.2
0.3
0.4
0.5
FY21HY22FY22HY23
03
Total Recordable Injury
Frequency(TRIFR)
Significant investment in frontline training,
paramount for the safety of our people
•397 front line leaders completed Safe for
Life training
•This in-house developed course is a finalist
in the 2023National Safety Awards of
Excellence
Improvement
of 11% on HY22
Serious Injury
Frequency Rate (SIFR)
Focus on critical controls has resulted
in further SIFR improvement
•26% ahead of target for Critical Risk
assurance
•Oursafe driver campaign resulted in an 8%
increase infive-stardrivers and a 5%
decrease in at risk driving behaviour
Improvement
of 39% on HY22
Safety is our
licence to operate
Continuing trajectory of
improvement in our
safety performance
HY23 Results Presentation

04
Key messages on HY23 performance
Delivering on
expectations
Solid performance
and growth acrossall
sectors
HY23 growth in revenue,
EBITDA and NPATA
1
greater than 10%
Realising
sustainable growth
Redefining service
excellence displayed in
renewal rate of 90%
2
$743m from new projects,
including continued success
in adjacent markets
Creating long-term
value for shareholders
On track for delivery
of NPATA guidance towards
top end of the range
11.2%
growth in
dividends
1
NPATA growth is calculated on pro forma NPATA in HY22
2
Renewal rate calculated by contract value over the half
HY23 Results Presentation

$14.0
$15.0
$16.0
$17.0
$18.0
HY22HY23
Positioned for continued sustainable growth
05
Work in Hand ($b)
Growth of 1.0%
Work in Hand as at 30 June 2023 $17.5 billion
•Target of above $18.0 billion for FY23
•Seeing some instances of delay with large tender decisions
pushed out with short-term extensions therefore likely
17.3
17.5
Work in Hand profile ($b)
Significant pipeline of future opportunities
•Profile demonstrates the long-term nature of our revenues, with average
contract tenure of 5 years or 7 years including extension options
•Weighted and qualified pipeline of opportunities more than $30 billion to
2026
9.1
3.6
4.8
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
2H23-20252026-20272028+
HY23 Results Presentation

06
Strong HY23
financial results
Tracking towards top
end of 7-10% NPATA
growth guidance range
for FY23
HY23 statutory financials
as at 30 June 2023
TOTAL REVENUE
11.0% on HY22
$2,786.8m
EBITDA
10.7% on HY22
$225.1m
EBITDA MARGIN
Stable on HY22
8.1%
NPATA
11.3% on HY22
$94.8m
CASH CONVERSION RATIO
1.6ppts on HY22
88.9%
WORK IN HAND
1.0% on HY22
$17.5b
* All prior corresponding period numbers
are on a reported pro forma basis for HY22
HY23 Results Presentation

07
Focus on serviceexcellence leading to renewals and new work
Defence & Social Infrastructure
Defence Equipment Maintenance –
renewal
•Contract value $393m over 5 years
•This contract includes the repair and
maintenance of some of Australia's
newest and most advanced equipment,
alongside a 24/7 nationwide operation
for vehicle and equipment recovery
Infrastructure Services
Yallourn –renewal
•Contract value $150m over 6 years
•Ventia’s scope includes maintenance
services comprising asset management,
planned routine and break-in
maintenance and shutdowns. Energy
Australia has been a valued client for
more than 20 years
Transport
Transurban QLD –new work
•Contract value $210m over 6 years, with
two 2-year options
•This contract expands Ventia's transport
services offering in Queensland.
Extending Ventia’s incumbency on open
roads and expanding our services to
include Brisbane tunnel network
Auckland council – extension
•Contract value $140m over 2 years
•This extension recognises the
improvement in our service offering. The
contract includes facilities management
services across the Tahi and Wha regions,
including asset management,
maintenance, cleaning and minor capital
works
Defence & Social Infrastructure
nbn, Node to Premise – new work
•Contract value $280m over 2.5 years
•This project extends Ventia’s long-term
relationship with nbn. It extends
Australia's digital backbone, providing
access to the highest speed tiers on the
nbnfixed line network for an additional
1.5 million premises
Telecommunications
Strengthening position in NZ roads
•Secured new five-year road maintenance
contract with Hauraki District Council
(approx. NZD$25m over five years)
•Successfully extended existing road
maintenance contract with Thames-
Coromandel District Council (approx.
NZD$28m over two years)
Transport
HY23 Results Presentation

Our strategy in action: Redefining Service Excellence
08
Client Focus
Repeat clients are the ultimate measure of success. This half, our
contract renewal rate has risen 10 percentage points to 90%,
demonstrating Ventia’s success in redefining service excellence.
We are listening to our customers, proactively responding to
feedback and delivering a compelling value proposition.
Renewal rate 90%
We have partnered with Ventia over many years to bring the best of Ventia to BlueScope, particularly initiatives
focused on safety, efficiency and sustainability. We look forward to continuing our partnership with Ventia.”
David Scott, General Manager Manufacturing, BlueScope
Innovation
Our PoPplatform delivers a transparent single source of truth
across all areas of the business, directly from the underlying
systems. Providing real time access to operational data, risk
scores, project financials and commentary from project directors.
We continue to evolve our best-in-class reporting framework,
which has resulted in breaking down silos, driving behavioural
change and leading to positive safety and financial outcomes.
Project on a page (PoP)
Sustainability
In partnership with Transurban, Ventia delivered Australia’s first
fully electric TMA. This custom-built vehicle creates a physical
buffer protecting road workers and motorists from potential
accidents. Ventia and Transurban are both committed to
achieving net zero emissions and improved safety outcomes.
The TMA is expected to save around 50 tonnes of greenhouse gas
emissions every year, the equivalent of removing 10 vehicles from
the road.
First electric Truck Mounted Attenuator (TMA)
HY23 Results Presentation

7.47 cents
8.31 cents
Paid
Declared
09
Strong interim dividend, demonstrates
consistent and reliable growth
Dividends
8.31¢
Interim dividend
for HY23 per
share declared
75%
Target payout ratio
of 60-80% of NPATA
NPATA
6th Oct
2023
80%
Interim dividend
will be partially
franked
FRANKED
Interim dividends paid and declared (cps)
Dividend
Growth
11.2%
Cents per share
HY22
HY23
Dividend
payable
HY23 Results Presentation

10
1.Net hirer, illustrates permanent workforce,
excluding casuals
Net hirer
1
over HY23
115 people870+ people
Increase in new
graduates (55% female)
50%
Banksia award for
Diversity and Inclusion –
Work in disability employment
1st
Women in Executive
Leadership team
38%
Supply Nation 2023 award for
Outstanding Impact and
Corporate Member of the year
People are at the heart
of our success
1st
Strategy Roadshow, Maritime
Museum, Sydney
New offices opened in
Melbourne and Auckland
supporting

Financial
Results
11
Ventia fire and rescue services team at RAAF base
Edinburgh, South Australia

Revenue growth across all sectors, Transport and
Telecommunications EBITDA outperforming
12
Defence &
Social Infrastructure
Drivers of the half year result
•Expansion in core markets, including a new
client in Victoria -the Department of Justice
•Retention and expansion of existing strategic
projects across Defence, Local Government
and Social
•Expansion of minor capital works for local
and state councils looking to improve their
facilities. Increased work volumes across
Auckland Council, City of Sydney, NSW
Housing and Mornington Shire Peninsula
Revenue $1.2b 5.5%
EBITDA $78.1m 4.0%
Work in Hand$5.7b 9.5%
Infrastructure
Services
Drivers of the half year result
•Strong demand for Rigs and Wells, with
new work underpinning higher rig
utilisation
•Growth in Energy Networks and
Renewables with new contracts awarded
and additional work in NZ following
extreme weather events
•Partially offset by a slowdown in our
water business due primarily to a
reduction of water production from the
Victorian desalination plant
Revenue $632.6m 13.1%
EBITDA $56.0m 4.3%
Work in Hand $5.0b 6.3%
Telecommunications
Drivers of the half year result
•New work and contract extension
continued to be awarded in HY23 from
existing customers
•Impact of new contracts mobilised in late
2022 including SKA Observatory
•Volumes across our portfolio were strong
in HY23, underpinned by our scale and
capability
Revenue $654.4m 12.7%
EBITDA $84.1m 13.0%
Work in Hand $1.9b 26.7%
Transport
Drivers of the half year result
•Successful mobilisation of Sydney
Harbour Tunnel and Auckland Transport
West contracts which commenced during
H2 2022
•Increased work volume in New Zealand
to support the community through storm
recovery activity
•Secured new material crushing and
screening works on Pilbara WA contract
that supports future road maintenance
and construction
Revenue $320.6m 27.3%
EBITDA $23.4m 23.2%
Work in Hand $4.9b2.1%
HY23 Results Presentation

Delivery of cash backed profits has clear focus
13
Clean HY23 result, no pro-forma adjustments to Statutory numbers
Increase primarily driven by higher minor capital works in
Electricity & Gas and new wireless contracts in Telco, these
projects are short term (less than 12 months). Inventory remains
relatively consistent at $48m.
Materials
Net finance costs have increased primarily due to the underlying
increase in cash rates (BBSY 0.28% in June 2022 to 3.77% in June
2023) flowing through tointerest payments on the term loans.
Net Finance costs
1.Pro forma adjustments were made in 2022 to adjust for the financial impact of the Broadspectrumacquisition
2.Operating cash flow represents EBITDA plus any non-cash share payments, after changes in net working capital.
3.Operating cash flow divided by EBITDA expressed as a percentage.
$ millionsHY22HY23Delta
Total revenue
2,510.02,786.811.0%
Total Expense
(2,313.7)
(2,563.3)10.8%
Labour
(921.1)
(994.7)8.0%
Subcontractors
(1,132.4)
(1,264.7)11.7%
Materials
(166.6)
(206.6)24.0%
Other
(93.6)
(97.3)4.0%
Proforma adjustment
1
5.5
--
Share of JV revenue
1.5
1.66.7%
EBITDA
203.3
225.110.7%
Changes in net working capital and other non-cash items
(25.8)
(24.9)(3.5%)
Operating cash flow
2
177.5200.212.8%
Operating cash flow conversion
3
87.3%88.9%1.6pp
Lease payments
(37.8)(35.5)(6.1%)
Capital expenditure
(15.8)
(16.4)3.8%
Acquisition
(3.3)
--
Cash flow before financing and tax
120.6
148.323.0%
Net financing costs
(15.5)
(26.8)72.9%
Free cash flow before tax and dividends
105.1121.515.6%
Revenue growth of 11.0% outperformed underlying market
growth of ~6.6% demonstrating an increase in overall market
share.
Revenue
Labour and subcontractors
Workforce costs have increased in line with topline growth, there
is a small shift in workforce mix towards subcontractors of 80 bps
(Labour 44.0%/Subcontractors 56%), due to underlying contract
mix.
HY23 Results Presentation

Strong financial flexibility, liquidity and material headroom
14
30 June 2023 metrics ($ millions)
Cash on hand321.0
Undrawn revolver400.0
Total liquidity721.0
Term loan750.0
Lease liabilities130.5
Total debt880.5
Net debt559.5
Total debt facilities1,150.0
Credit ratingS&P: BBB– (stable outlook)
Moody’s: Baa3 (positive outlook)
CovenantsLeverage Ratio
2
≤3.25x
(1.3x as at 30 Jun 23)
Interest Cover Ratio ≥4x
(10.4x as at 30 Jun 23)
•Leverage Ratio continues to improve, with material
headroom to covenants
Leverage Ratio
1
continues
to improve as EBITDA grows
1.9
1.6
1.3
0
0.5
1
1.5
2
2.5
3
3.5
HY21HY22HY23
Headroom
to covenant
Interest Cover Ratio more
than 2x covenant
12.3
13.3
10.4
0
2
4
6
8
10
12
14
HY21HY22HY23
Headroom
to covenant
1. Calculation methodology updated to reflect the bank covenant interest cover ratio, which uses net interest expense rather than total interest expense
2. Calculated as Net Debt/bank adjusted EBITDA.
•Interest costs have increased with base rates,
partially offset by hedging of term loan interest
1
HY23 Results Presentation

PPA provisions continue to reduce in line with expectations
15
•Provisions continue to roll off as expected,
with no increases to onerous or unfavourable
•Reduction in provisions is favourable to cash
conversion
•The FY23 release is expected to be approximately
half that of FY22
•~80% of the PPA provisions will roll off by 2025,
with the remaining ~20% a small but long tail
Provision commentary
•Provisions used in HY23 $2.0m
(HY22 $12.2m)
Onerous contracts
•Provisions used in HY23 $10.9m
(HY22 $11.2m)
Unfavourable contracts
Unfavourable contracts ($m)Onerous contracts ($m)
0
20
40
60
80
100
120
Dec
20
Jun
21
Dec
21
Jun
22
Dec
22
Jun
23
0
20
40
60
80
100
120
Dec
20
Jun
21
Dec
21
Jun
22
Dec
22
Jun
23
HY23 Results Presentation

Workforce is stabilising during challenging labour market
16
•As at June 2023, Ventia has over
15,700 employees, in addition to
over 20,000 subcontractors
•Attrition is stable, however higher
than historical levels, opportunity
for productivity gains if forecast
decline occurs
•Successfully re-negotiated four
Enterprise Agreements (EA),
representing 5% of industrial
agreements (87 active and ongoing)
•EAs have been agreed at an average
increase per annum of 3.6% over
the average 2.5 year term
EBASalaryModern AwardCollective AgreementPermanent Full-TimeCasualPermanent Part-Time
39%
41%
17%
3%
Employee workforce
salary type
73%
19%
8%
Total workforce
by employee type
•Ventia has a large workforce of
employees, casual labour and
subcontractors, which enables
flexibility in constrained labour
markets
•Subcontractor workforce has
increased to 56%, encompassing
a large and diverse regional
network which enables Ventia to
provide end to end service for our
clients
•Overtime has remained consistent
over a 12-month period, with no
material change from this time
last year or the historical average
HY23 Results Presentation

Outlook
17
Members of the Ventia corporate team participating
in a site visit on the City of Sydney contract

HY23 Results Presentation
18
Ventia’s long-term investment proposition
Revenue targeted to grow
faster than market
7-10%
Average revenue growth
High conversion of
profits into dividends
75%
Target NPATA
payout ratio
Diligent focus on
cash backed profits
80-95%
Cash flow conversion
Growing shareholder
dividend
Annual distribution
aligned with
earnings growth
Sydney Roads Asset Performance contract,
apprentice from the MuruMittigarprogram

Ventia has reduced scope 1 and 2 emissions 9.0% in HY23
Ventia’s reduction actions
•Fleet transition to hybrid, EV or hydrogen – 272
vehicles, with a further 110 on back order (inclusive of
back order 8.4% of total fleet)
•Trialling internal carbon price for new contracts and
capital investment decisions
Direct (Owned) Emissions
Ventia’s reduction actions
•Installing behind the meter solutions on our
facilities generating 109MWh over the period
•Purchasing renewable energy for our sites through
GreenPowerinitiative –solar + wind
Indirect (Purchased) Emissions
Ventia’s reduction actions
•Reducing waste and raw materials use through
innovative pavement and road solutions
•Strategy to motivate and incentivise our suppliers to
reduce emissions
Other Indirect (Purchased) Emissions
~9% SCOPE 1~1% SCOPE 2~90% SCOPE 3
ONSITE emissions direct combustion
OWNED equipment emissions
PURCHASED energyelectricity for heating/cooling
EMPLOYEE emissions travel, commuting
LEASED ASSETS emissions operations of leased assets
SUPPLY CHAIN emissionspurchased goods/services, sold
goods/services, material waste
HY23 Results Presentation
19

Significant future opportunity across all sectors
20
Defence & Social Infrastructure
•Increased scope and volume of existing
projects through strong customer
relationships and service delivery
excellence
•Retention and expansion of existing
projects – proven performance and
compelling value proposition leading to
renewals and extensions
•Expansion in core markets including
Social Infrastructure and Camp and
Village management
Infrastructure Services
•Growing demand for Australia’s resources
which is providing tailwinds for our Rigs &
Wells and Resources & Industrials
businesses
•Increase in transmission (+10,000km),
distribution and utility scale renewable
infrastructure is driving demand for our
Energy Networks and Renewables
business
Telecommunications
•A clear diversification strategy has been
defined. This includes extending our
offerings to existing clients and a broader
range of new telecommunications clients
•Using existing capabilities, diversification
into adjacent markets has been
successful with wins in Defence, Space
and Energy Solutions and continues to
present attractive growth opportunities
Transport
•Long-term transport contracts
established in key jurisdictions and
positioned to support our clients with
emerging work
•Opportunities to support and benefit
from cross-sell activity, such as energy
security investments in transport
infrastructure
HY23 Results Presentation

21
Affirming guidance in the top end of the range
Delivering on
expectations
Solid financial performance
with growth of more
than10% in Revenue,
EBITDAand NPATA
Realising
sustainable growth
Resilient and diversified
business and strong renewal
rate (90%), with robust risk
management
Creating long-term
value for shareholders
Delivering stable financial
returns toshareholders;
dividend growth consistent
with NPATA growth and
dividend policy
Growth in NPATA of 7-10% compared to FY22 pro forma NPATA
FY23 Guidance
HY23 Results Presentation

22
Disclaimer
•
This presentation is in summary form and is not necessarily complete. It
should be read together with the Company’s Half Year Report 2023 lodged
with the ASX on 25 August 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.
Confluence Water team at North Head Water
Resource Recovery Facility
HY23 Results Presentation

Thank you