2024 AGM Address and Presentation

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23 May 2024

2024 Annual General Meeting

Ventia Services Group Limited (Ventia) is holding its Annual General Meeting (2024 AGM)
today at 10.00am on Thursday 23 May 2024 (AEST).

Please find attached:
 Chairman’s address;
 Group Chief Executive Officer’s address; and
 Accompanying presentation slides.

As previously advised, we are relying on technology to facilitate shareholder engagement
and participation in the 2024 AGM.

Shareholders can view the 2024 AGM live, ask questions verbally or via a live text facility
and cast votes at the appropriate times while the 2024 AGM is in progress by accessing the
online meeting platform from a computer, tablet or smartphone by visiting
https://meetnow.global/MNPMW7P

Shareholders will need to enter their SRN/HIN and postcode registered in their shareholding.
If you are an overseas Shareholder, please select the country of the registered holding from
the drop-down list. Appointed proxy holders will need to contact Computershare on +61 3
9415 4024 prior to the 2024 AGM to obtain login details.

Detailed instructions on how to join the 2024 AGM are set out in Ventia’s 2024 Notice of
Meeting which is available on Ventia’s website at https://www.ventia.com/investor-
centre/annual-general-meetings

This announcement was authorised by the Board.

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.



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

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Ventia Annual General Meeting
23 MAY 2024

Chairman’s Address

2023 has been another successful year for Ventia.

Ventia has incredible scale. On a daily basis we mobilise up to 35,000
people on over 400 worksites across Australia and New Zealand and
more than 40% of our people work in regional or rural areas.

We service over 100 clients and 75% of our revenue comes from
federal, state and local government clients.

By adhering to our purpose of making infrastructure work for our
communities, and our strategy of redefining service excellence, we have
achieved another year of strong financial performance.

We service our clients with a sharp focus on providing service
excellence and first-rate outcomes for our clients. In 2023 our client
renewal rate reached 87%, an improvement on the previous year.

We continue to broaden and strengthen our existing client relationships
and enhance our customer account plans. In 2023, our focus on service
excellence resulted in greater than 10% increase in spend from our 10
largest customers.

We believe that by listening to the voice of our customers, and delivering
a compelling value proposition, we can continue our strong renewal rate
through 2024 and beyond.

The spread of our workforce and resources provides diversity, stable
growth and through-the-cycle resilience, while our scale ensures we
have the capacity to meet demand from existing and new customers
across Australia and New Zealand.

Since inception, Ventia has demonstrated a steady and growing financial
track record. This has been achieved regardless of market conditions as
the graphs on this slide illustrate.

Our consistent top-line revenue growth, 25% since FY21, demonstrates
we are growing well above market, and that we continue to gain share.

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EBITDA increased by 22% since FY21, and our margins have remained
consistent, illustrating the stability and predictability of our business.

Our NPATA has grown 38% since 2021, providing increasing earnings
per share and dividends for our investors through leveraging our
enterprise-wide systems, people and processes.

This consistent performance has been achieved through a range of
macroeconomic conditions. Notwithstanding the pandemic, higher
inflationary pressures and a volatile labour market, Ventia’s portfolio has
demonstrated resilience.

Ventia’s limited concentration to any one client, geography or end market.
This, combined with the breadth and depth of our client relationships,
long-term contracts, and the in-built contract escalation mechanisms,
ensures our portfolio is well protected against volatility and changing
market conditions.

Dean will talk in more detail about our financial performance shortly.

Ventia is in an enviable position to capitalise on strong and improving
market trends. Some of these trends include:

 Firstly, growth of the very large asset base including new and
aging infrastructure. New infrastructure is a new asset for us to
maintain, whereas old infrastructure requires an increasing amount
of maintenance;
 Secondly, population growth means more people are using the
infrastructure. Both increasing urbanisation and the movement to
regional areas where 40% of our workforce resides, are tailwinds;
 Thirdly, the increasing trend to partnering represents an annual
increase in available tendered work from the public and private
sectors;
 And exposure to megatrends such as the Energy transition
presents opportunities for all four of our sectors, particularly in
Infrastructure Services with the provision of both behind and in-
front-of-the-meter technologies and subsequently the maintenance
of this technology for our clients.

Over the next five years BIS Oxford estimates our addressable market will
grow at greater than 5.5% CAGR, rising from $80 billion in FY24 to just
under $100 billion in FY28.

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Our Revenue for 2023 was $5.7 billion in a total addressable market of
$73 billion. This provides significant headroom for organic growth and with
that, sustainable returns to shareholders.

The company strategy is to Redefine Service Excellence. Your Board, and
management team are aligned in digitisation as a key enabler of that
strategy and potentially as a source of differentiation and future value for
Ventia.

Over the last few years, we have accelerated the transition to a cloud-first
model and commenced investing in our digital infrastructure, skills and
capabilities, while modernising and simplifying our systems. We believe
this digital focus will enhance our strategy and our differentiation.

We have also invested in cybersecurity. In July 2023 we experienced our
first significant cyber incident. The risk was quickly contained, and
additional measures were taken to further protect our clients, people and
investors.

Strong alignment and coordination between our Board and leadership
team led to a rapid and effective response, enhanced by strong
stakeholder management so that there was minimal impact on operations,
and importantly, no loss of data.

Since then, we have worked cohesively to integrate the detailed learnings
to further strengthen our resilience and better safeguard against future
threats.

Our digital core is the backbone of our company, and continues to
differentiate Ventia from our competitors, given its enterprise-wide reach
and enormous data capabilities.

Our digital journey is now one of Ventia’s highest priorities. Having the
right systems in place, and a digitally advanced culture makes us more
agile, resilient, competitive and adaptive to a fast-evolving digital world.

Over the next 5 years we are committed to creating a connected, secure
enterprise with a key focus on:

 Modernisation: to create a standardised and simplified digital
experience for clients and our people that is cloud-first, mobile,
automated and scalable;

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 Rationalisation of our application portfolio: to reduce the number of
applications and systems we have running;
 Innovation: leveraging new and emerging technologies such as AI
and Data and Analytics and connecting assets in the field to digital
twins to transform the way we deliver services;
 Resilience: building a cyber capability that protects us and our
clients’ interests against increasingly advanced, automated cyber-
attacks;
 Culture: investing in the digital skills of our entire workforce and
shifting to leaner and hyper-automated processes to simplify our
ways of working and makes Ventia a more fulfilling place to work
for all our colleagues.

To help shape our digital future and informed by our Board Skills Matrix, I
am pleased that Damon Rees joined our Board in July last year. Damon
comes to us with a long history of senior executive digital roles across the
highest levels of government and the private sector. He provides an
important set of skills for Ventia as we continue to invest in our digital
capabilities.

Looking at our progress on sustainability, in 2023 we submitted our
proposed targets to the Science-based Target initiative (SBTi).

We now have our short and long-term goals in place to achieve net zero
emissions by 2050 across scope 1, 2, and 3 emissions.

Concurrently, we are working towards achieving these targets in
harmony with our broader Environment, Social and Governance
objectives.

In 2023, we achieved a 5.5% reduction in our Scope 1 and Scope 2
emissions, this reduction was largely driven by a divestment and
increased use of renewable electricity across our sites.

As we work towards our goals of powering our electricity needs from
renewables, we increased solar generation in our workplaces and sourced
more GreenPower in our offices and depots. We continue to make
progress towards our objective of 100% renewable electricity by 2030.

We also introduced 154 hybrid and electric vehicles to our fleet in FY23,
resulting in 10% of our light vehicle fleet now being either hybrid or
electric.

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Gender diversity is a priority for the Board. As a signatory to the HESTA
40:40 vision, Ventia has made a formal commitment to achieve gender
balance in our Executive Leadership Team.

We hit this target in February, reaching 40% female participation in our
Executive Leadership Team and 43% female participation on our Board.

While we have had gender pay equity across our business for some time,
there is more we need to address to create true gender equity as
highlighted by WGEA.

Our 2023 Sustainability Report provides an outline of our SBTi and ESG
targets and more detailed commentary on the initiatives we are
undertaking to reach these targets.

In summary, 2023 was another strong year for Ventia. Our results reflect
the focus, risk discipline, reliability and stability of our business.

Our balance sheet is in a strong position to support both near and longer-
term growth opportunities. When combined with positive market trends
and a strong track record of successful execution, Ventia has a
meaningful platform from which to grow.

The robust financial and operational performance of our business in 2023
facilitated a 12.5% dividend increase on 2022, resulting in a total dividend
of 17.72 cents per share or a 75% payout ratio of NPATA, consistent with
previous years.

Dividends are important to many of our investors, and we continue to
commit to a sustainable and growing dividend profile.

On behalf of the Board, I want to thank our customers and the
communities we serve, our shareholders and the whole Ventia team.

Now over to our Group CEO and Managing Director, Dean Banks.

Thank you.

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CEO Address

Thank you, David.

Good morning and welcome to everybody attending our AGM today. My
name is Dean Banks. I’m proud and privileged to be the Group CEO of
Ventia.

FY23 was an outstanding year for Ventia. In FY23 our revenue grew by
9.8% to $5.7 billion. EBITDA was up 10.8% to $465m and our margin
increased to 8.2%.

NPATA of $202 million increased by 12.5%, exceeding the top end of our
guidance range.

Each sector positively contributed to delivering increased revenue and
EBITDA year-on-year, and as a Group, our earnings outpaced market
growth.

Cash flow will always be a key focus for Ventia. It’s the life blood of our
business. Pleasingly, our cash conversion continues to be high at 88.8%.

Our Work in Hand remained stable at $18.1 billion and our client renewal
rate continued to be strong at 87%.

Key wins and renewals in 2023 included contracts with the Department of
Defence, Auckland Council, NBN Co, Telstra and Transurban.

Our strategic client relationships also supported us in increasing our
cross-sell revenue by 48% year-on-year to $93 million.

These financial results reflect the continuous demand for the essential
services we perform.

Now let’s look briefly at each of our sector’s performance.

Defence and Social infrastructure (D&SI) is our largest sector accounting
for 41.6% of group revenue in 2023.

Revenue growth in D&SI increased by 2.4% to $2.4 billion. While this
growth was slightly subdued, it’s important to consider the 25% total
revenue growth across this sector over the past two years. 

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In FY23, there were some key renewals and extensions for D&SI
including the Defence Maintenance Contract (which I will discuss in
more detail shortly) and a 12-month extension of our Base Services
Contract with the Department of Defence.

Infrastructure services accounted for 23% of our group revenue in 2023
and achieved year-on-year revenue growth of 7.8% to $1.3 billion. This
growth was mainly driven by strong performance in our Energy, Water and
Renewables business and Rig and Well services.

Telecommunications contributed 24.2% of total group revenue in 2023
and increased by 21.3% year-on-year to $1.4 billion. This result was
driven primarily by higher contract volumes with existing customers such
as Telstra and NBN Co alongside the contribution from new contracts
such as the Square Kilometre Array Observatory (SKAO) project in
Western Australia.

Connectivity is more important than ever and demand for data and digital
infrastructure is driving network investment.

Our transport business contributed to 11.2% of our group revenue and
increased year-on-year by 22.7% to $637 million through a combination
of new contract wins and contract growth.

We have a diversified business operating in a market with a number of
positive demand drivers.

Turning to our strategy. 

Throughout 2023, we further embedded our strategy to Redefine Service
Excellence by being client focused, innovative and sustainable. Our
strategy has continued to build momentum across our business and
provides a solid roadmap for our future success.

I am pleased that our strategy is translating into great results, not only in
our financial performance, but also through industry recognition.

In 2023, we received the Dr Dean Jarrett Award from Supply Nation for
Outstanding Impact, recognising our work on social procurement.

Also in 2023, our Ventia Operations Centre (VOC) was recognised as
Customer Service Team of the Year by the Customer Service Institute of
Australia. Our VOC sits at the heart of our operations and provides 24/7

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support to more than 50 Ventia contracts. To demonstrate the scale of
our operations, the VOC managed 1.2 million calls in 2023.

These examples are a few of the many accolades that Ventia received,
which recognise our leadership, collective success and impact of our
business on the communities we serve.

Now, I want to drill down into each of our strategy pillars.

A good example of our client focused strategy at work is securing a
renewed and expanded Defence Maintenance Contract with the
Department of Defence, valued at approximately $393 million for the next
five years.

This contract involves the provision of essential maintenance and support
services to the Army, Navy and Air Force on 17 bases across Australia.

Ventia is responsible for repairing and maintaining some of Australia’s
newest and most advanced equipment.

Last year, Ventia’s employees took part in the Talisman Sabre military
exercise conducted in Darwin to work side by side with Australian military
personnel to provide maintenance support services.

This exercise included participation of 30,000 military personnel from 13
nations. This demonstrates our strategic partnership with Defence and the
importance of our work as a trusted advisor.

This contract was competitively tendered, and its award is testament to
our long-term strategic partnership with Defence.

Now onto innovation.

Innovation at Ventia is an important component of our strategy. An
innovative culture encourages our workforce to continuously explore
better ways of working.

At a recent in-house Pizza and Pitch Innovation event, a member of
Ventia’s incident response team pitched the idea to install a battery-
operated air-conditioning unit on a Ventia truck that keeps the air
conditioning running without the need to have the engine running.

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Ventia’s incident response teams are often required to wait for long
periods at emergency service events or other events and need to keep
the air conditioning idling to remain alert. This results in high fuel
consumption, greenhouse gas emissions and associated wear and tear of
our trucks.

Through collaboration with external partners, a functional solution was
developed and then installed via a pilot program.
The pilot has proven to be technically and operationally successful,
achieving a cost saving of up to $12,800 and emissions savings of 15
tonnes per annum from this single vehicle.
We will start scaling this across similar vehicles in our NSW fleet (of
which we have about 200) mid this year. Accounting for vehicle
differences and usage, our estimates indicate that this innovation could
deliver more than $250,000 in savings annually, in addition to the
significant reduction in diesel and associated emissions.

This is a great example of the types of efficiencies we can achieve via
employee engagement and implementation of new innovation ideas
across our business.

Moving now to our last strategy pillar.
I am proud to report that in February Ventia was first to market with an
industry-leading social value measure. In Australia, we are now starting to
measure the value of the non-financial impacts we have on society via a
leading Themes Outcomes and Measures methodology, or TOMs.
Inspired by the preeminent model in the UK which has significantly
improved the way social value is measured, TOMs will help Ventia
demonstrate the value of our initiatives. It will provide a benchmark under
which clients can compare and evaluate chosen partners' performance.
Quantifying social value demonstrates the socio-economic impact across
four key areas:
 Community – demonstrates social impact on individuals and
communities such as health, or education;
 Work – the social value generated for our employees;
 Economy – the overall economic benefit of a project such as
job creation or enhanced local business profitability;

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 Environment – such as our environmental impact and
resource efficiency.

Ventia is leading a Taskforce alongside the Social Value Portal to develop
a new common and comparable standard and framework for Australia and
New Zealand. To date, 35 organisations from across the private and
public sectors have joined the task force including some of our customers
and suppliers.

We are proud to be at the forefront of this social sustainability initiative
and we hope it will help shape the industry and deliver a positive impact
to society. 

People are at the heart of our success and it’s important that we create a
cohesive culture which is flexible, diverse and inclusive.

We have over 15,000 employees and over 20,000 sub-contractors. David
spoke about safety, and I want to reiterate that safety is our licence to
operate.

As David discussed, the sad passing of our employee, Daniel, earlier this
year was a huge loss for Ventia. Daniel was a dedicated employee of
Ventia for over 10 years and was a devoted father of two young children.
He was a valued member of the Ventia family. I personally visited the
family in NZ, and we continue to extend our support and deepest
sympathies to Daniel’s family, friends, and colleagues.

Any workplace fatality has a profound effect on us all and I just want to
pause a moment to honor Daniel.

This event serves as a reminder of the challenges of the work we do. It
reminds us that no matter how strong our commitment is to safety, there
is always more work to do. We are committed to learning lessons from
this incident and striving to improve our safety culture.

In addition to safety, we are also building a strong culture of diversity and
inclusion at Ventia. I am pleased to report that in 2023 we received the
Diversity and Inclusion Award for Ventia’s Disability Employment Program
from the Banksia Foundation. We also received re-accreditation of New
Zealand’s Rainbow Tick which recognises Ventia as a workplace that
understands and embraces gender diversity.

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We continue to take deliberate action to recruit women across our
workforce. Within our wider senior leadership team, we saw an impressive
six percentage point increase in women in Senior Management last year
progressing from 20.3% to 26.6%. A step in the right direction towards our
target of 40%.

We take deliberate action to address gender diversity at Ventia, including
the development of our new Women’s Participation Action Plan. This plan
is focused on developing opportunities for women to advance their career
and move into managerial or other senior roles.

One tool we use to measure engagement and employee feedback, is our
Have Your Say survey. In 2023, our engagement score remained
consistently high at 78%. Another encouraging metric from the survey was
that 86% of our employees feel well-connected to their teams and can
openly communicate with their leaders.

In October 2023, Ventia also proudly reaffirmed our commitment to
Aboriginal and Torres Strait Islander people in Australia by launching our
Stretch 2023-2026 Reconciliation Action Plan (RAP).

Our RAP sets our targets and actions for the next three years through to
August 2026, such as strengthening education and employment
outcomes for Aboriginal and Torres Strait Islander people. At the end of
2023 we employed 3.7% Aboriginal and Torres Strait Islanders in our
business.

The future of our business is exciting. We have a positive outlook for FY24
driven by our:
 High quality and diversified portfolio;
 Solid pipeline of opportunities;
 Strong demand drivers; and
 Long-term strategic partnerships.

Given this, I am pleased to be able to reaffirm our FY24 guidance range
of 7 to 10 per cent NPATA growth compared to FY23.
In conclusion, we continue to differentiate ourselves as we build on the
success of our strategy to Redefine Service Excellence, supporting high
levels of customer service and sustainable value to shareholders.
I would like to thank all our people at Ventia and the Board for their
stewardship, support and guidance.

Ventia
Annual General
Meeting 2024
Pictured: Members of Ventia’s transport incident response team, Sydney (NSW)
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HY23 RESULTS PRESENTATION
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Acknowledgement
of Country and Mihi
Ventia would like to respectfully
acknowledge the Traditional 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 andpresent.
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.
Ventia | AGM2024
Pictured: Ventia employee helping her niece get ready for the final dress
rehearsal before heading to Te Mana Kuratahi
Photo credit Tikarohia
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Procedural
items
Ventia | AGM2024
3

Safety is
our licence
to operate
Pictured: Ventia worker performing services at the Telstra Exchange in North Sydney, NSW
11.3%
▲ improvement
in TRIFR on FY22
62.1%
▲ improvement
in SIFR on FY22
2000+
Safe for Life frontline
leaders trained
Ventia | AGM2024
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20
implemented across
our business in FY23
safety
programs

Our Board of Directors
David Moffatt
Chairman
Dean Banks
Managing Director
and Group CEO
Anne Urlwin
Independent
Non-Executive Director
Jeff Forbes
Independent
Non-Executive Director
Damon Rees PSM
Independent
Non-Executive Director
Sibylle Krieger
Independent
Non-Executive Director
Lynne Saint
Independent
Non-Executive Director
Ventia | AGM2024
5

6
Chairman’s
address
Ventia | AGM2024
Pictured: Ventia’s Melbourne Office, Cremorne
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40%+
of our people work
in regional and rural areas
400+
Project sites throughout
Australia and New Zealand
35,000+
Workforce of employees
and subcontractors
A broad range of industry segments:
Defence and Social Infrastructure
Defence / Social Infrastructure /
Critical Infrastructure /
Local Government /
Housing and Community / Energy Solutions
Infrastructure Services
Resources /
Industrial and Environmental Services /
Energy, Water and Renewables /
Rig and Well Services
Telecommunications
Fixed Networks /
Wireless and Special Coverage Solutions /
Operations and Services /
Telecommunications New Zealand
Transport
Transport Operations Australia /
Transport Operations New Zealand /
Transport Infrastructure Solutions
Ventia | AGM2024
A leading essential services provider
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4,557.4
5,167.5
5,676.4
FY21FY22FY23
Up 25% since FY21
Total Revenue ($m)
Ventia | AGM2024
Consistent track record of financial performance
EBITDA and Margin ($m/%)
379.9
419.8
465.2
8.3%
8.1%
8.2%
FY21FY22FY23
Up 22% since FY21
146.8
179.6
202.1
FY21FY22FY23
NPATA ($m)
Up 38% since FY21
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5.5%
Compound Annual
Growth Rate (CAGR)
$80bn FY24 – $100bnFY28
Market Trends:
oSize and growth of the asset base
oPopulation growth
oIncreasing outsourcing rates
oExposure to megatrends, such as the Energy Transition
Market
Growth
Opportunities
Ventia | AGM2024
Pictured: Road maintenance contract on Sydney’s Eastern Distributor
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Ventia | AGM2024
Enhancing our
strategy,
shaping our
future
Pictured: Ventia’s Operations Centre (VOC) in Cremorne, Victoria
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In the next five years we are committed to:
Modernisation
Rationalisation
of our application
portfolio
Establishing
our platform
for Innovation
Building a
resilient
organisation
Developing our
digital culture

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40%
women on our Executive
Leadership Team
SBTi targets
submitted
Ventia | AGM2024
Pictured:West Wyalong Solar farm – operations and maintenance contract
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10%
of Ventia’s light fleet to
hybrid or electric vehicles
transitionparticipation
Sustainability
progress

Pictured: Transmission Gully, New Zealand where Ventia’s Transport team provides operation and maintenance works
Delivering
returns for our
shareholders
Ventia | AGM2024
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17.72¢
total dividend for FY23
12.5%
Increasein FY23 dividend
on FY22
75%
payout of NPATA

13
CEO’s
address
Ventia | AGM2024
Pictured: The Square Kilometre Array Observatory (SKAO) project, Inyarrimanha Ilgari Bundara (WA)
13

14
1.Percentage increase calculated using previously disclosed FY22 proforma comparative
FY23
Results
Pictured: M2 Motorway , Lane Cove Sydney
$5,676.4
Total Revenue
▲ Increase of 9.8% on FY22
$465.2m
EBITDA
▲ Increase of 10.8%
1
on FY22
$202.1m
NPATA
▲ Increase of 12.5%
1
on FY22
8.2%
EBITDA Margin
▲ Increase of 0.1pp
1
on FY22
88.8%
Operating Cash
Flow Conversion
1
$18.1b
Work in Hand
▲Increase of 1.0% on FY22
Ventia | AGM2024
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Ventia | AGM2024
Solid performance across our diversified portfolio
$2.4b
Revenue
▲ Increase of 2.4% on FY22
Defence &
Social Infrastructure
$1.3b
Revenue
▲ Increase of 7.8% on FY22
Infrastructure
Services
$1.4b
Revenue
▲ Increase of 21.3% on FY22
Telecommunications
$636.8m
Revenue
▲ Increase of 22.7% on FY22
Transport
41.6%
23.0%
24.2%
11.2%
% of total group revenue% of total group revenue% of total group revenue% of total group revenue
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Redefining
Service
Excellence
Redefining Service Excellence is our approach
to delivering service excellence for our
stakeholders.
We differentiate ourselves by being client focused,
innovative and sustainable. This is our blueprint for
success, brought to life by the pride and passion of
our people.
Ventia | AGM2024
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Pictured: Ventia delivers mechanical maintenance and support services through the Defence Maintenance Contract at RAAF Edinburgh (SA)
Ventia | AGM2024
Client Focused
Securing
the Defence
Maintenance
Contract
17
17
across Army, Navy
and Air Force
$393m
Secured in FY23 for the
next five years
Strategic partner
And highly skilled workforce
committed to Defence
Ventia provides essential maintenance and support
services to the Defence force
key defence
locations

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Pictured: Ventia TMA truck, the HVAC will be installed on Ventia’s diesel trucks
Ventia | AGM2024
Scalable
to 200 vehicles requiring
climate control across AU/NZ
Up to
$12,800
savings per vehicle annually
Innovative
Battery
powered
HVAC system
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Up to
15 t-CO
2
-e
saved per vehicle annually

Pictured: Ventia employees at World Environment Day Tree Planting Event
Ventia | AGM2024
Sustainable
First to Australian
market with Social
Value calculation
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Pictured: Ventia employees at the CEO Strategy Roadshow, Sydney (NSW)
People are
at the heart
of our success
26.6%
participation by women
on our Senior Leadership
Team in 2023
3.7%
Aboriginal and Torres Strait
Islander employees
in Australia in 2023
Ventia | AGM2024
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78%
employee engagement
from Have Your Say
survey in 2023

V E N T I A | 2 0 2 4
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Strong
demand
drivers
Solid
pipeline of
opportunities
Pictured: Auckland, New Zealand (where Ventia’s head office in NZ is based )
High quality
and diversified
portfolio
Ventia | AGM2024
Positive
outlook
for FY24
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Long-term
strategic
partnerships
FY24 Guidance reaffirmed - NPATA guidance of 7-10% compared to FY23

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Items of
business
Pictured: Members of Ventia's Transpower team, Wellington (NZ)
Photo by Michael Bradley
Ventia | AGM2024
22

Ventia | AGM2024
Proxies received
23
Total number of ASX-listed Ventia shares is 855,484,445
Ventia Services
Group Limited
Valid proxies
received
ForAgainstAbstain
Resolution 2
362564,140,46597.71%12,606,3652.18%17,853,419
Resolution 3a
362567,348,16895.29%27,410,0174.61%154,549
Resolution 3b
362541,413,35990.94%53,352,0578.96%152,318
Resolution 3c
362594,607,05099.88%121,7450.02%172,939
Resolution 4
362486,801,03084.81%86,570,90515.08%21,445,019
Resolution 5
362594,056,54499.84%361,5100.06%488,480

Ventia | AGM2024
Resolution 1: 2023 Annual Report
To receive and consider the Financial Report,
the Directors’ Report and the Auditor’s Report
for the financial year ended 31 December 2023.
There is no vote on this item.
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To consider and, if thought fit, to pass the following
resolution as a non-binding ordinary resolution:
To adopt the 2023 Remuneration Report for the financial
year ended 31 December 2023.
25
Ventia | AGM2024
Resolution 2: Adoption of the 2023 Remuneration Report

Ventia | AGM2024
Resolution 3: Election ofDirectors
3a: That Lynne Saint, who retires in accordance with Rule 8.1 of
the Company’s Constitution and, being eligible, be elected as a
Director of the Company.
To consider and, if thought fit, to pass
the following resolutions as ordinary
resolutions:
3b: That Anne Urlwin, who retires in accordance with Rule 8.1 of
the Company’s Constitution and, being eligible, be elected as a
Director of the Company.
3c: That Damon Rees, who seeks election in accordance with Rule
8.1 of the Company’s Constitution and, being eligible, be elected
as a Director of the Company.
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To consider and, if thought fit, to pass the following resolution as a
non-binding ordinary resolution:
That approval is given, for the purposes of ASX Listing Rule 10.14
and for all other purposes, for the Company to issue to the
Managing Director and Group Chief Executive Officer, Dean Banks,
Share Appreciation Rights and Dividend Equivalent Rights
pursuant to Ventia’s Long Term Incentive Plan (Plan)
on the terms outlined in the Explanatory Notes.
Issue of securities to the Managing
Director and Group Chief Executive Officer
under Ventia’s Long Term Incentive Plan
27
Ventia | AGM2024
Resolution 4:

Ventia | AGM2024
Resolution 5: Renewal of proportional takeover provisions
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To consider and, if thought fit, pass the following
resolution as a special resolution: “That the Company
renew the proportional takeover provisions contained in
rule 6 of the Company’s Constitution for a period of
three years from the date of this AGM”.
Notes: The Chairman intends to vote available proxies in
favour of this Resolution.

Questions?
29

Thank you
30

This presentation is in summary form and is not necessarily complete. It
should be read together with the Company’s Full Year Report 2023 lodged
with the ASX on 21 February 2024.
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
Pictured: Infrastructure Services Water team member
at a wastewater facility (NSW).
FY23 RESULTS PRESENTATION
31