Ventia Investor Presentation

Ventia Services Group Limited
ABN 53 603 253 541

Level 27, 155 Miller Street
North Sydney NSW 2060
AUSTRALIA

ventia.com
ASX and NZX Release


4 May 2026

Ventia Investor Presentation
Ventia Services Group Limited (ASX: VNT) will today be holding an Investor Day.
In accordance with the ASX Listing Rules, attached is the presentation to be delivered by the
Managing Director and Group CEO and members of the Executive Leadership Team.
The briefing will be held in-person at Ventia’s Sydney office in North Sydney.
The presentation can also be accessed on Ventia’s website at www.ventia.com/investor centre
This announcement was authorised by the Ventia Board.

-Ends-

For further information, please contact:

Investors Media
Chantal Travers Jay Pleass
General Manager Investor Relations General Manager Government & Public Affairs
chantal.travers@ventia.com jay.pleass@ventia.com
+61 428 822 375 +61 412 623 578

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.

4 May 2026
2026
Investor Day

2
Disclaimer
This presentation contains summary information about Ventia Services Group Limited (ACN 603 253 541)
and its related bodies corporate (together, Ventia) and does not purport to be complete. It should be
read together with the Company’s 2025 Full Year Results and Annual Report lodged with the ASX on
19February2026 and other announcements filed with the Australian Securities Exchange (ASX) available
at www.ventia.com.au
This presentation contains information that is based on projected and/or estimated expectations,
assumptions or outcomes. While these forward-looking statements reflect Ventia’s expectations as at the
date of this presentation, they are not guarantees or predictions of future performance or statements of
fact. These statements involve known and unknown risks and uncertainties, which are beyond the control
of Ventia. Many factors could cause outcomes to differ, possibly materially, from those expressed in the
forward-looking statements.
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. Subject
to disclosure obligations under the applicable law and ASX listing rules, Ventia:
•makes no representation, assurance or guarantee as to 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; and
•undertakes no obligation to update any forward-looking statement to reflect events or circumstances
after the date of this presentation.
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 orneeds of any particular investor.
Pictured: Member of Ventia’s water team undertaking repair works in Victoria, Australia

3
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 and present.
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.
Pictured: Welcome to country ceremony at Ventia charity ball in Perth, Western Australia

Dean Banks
Managing Director and Group CEO
Welcome
andoverview
Pictured: Member of Ventia’s Transport team at our Leonard Road Depot in
Auckland, New Zealand

Track record of disciplined execution and financial delivery
Revenue Growth
34.8%
$6,141.1m in FY25
EBITDA Growth
1
40.1%
$532.1m in FY25
Strong share price growth since IPO in 2021
Sustained growth across key metrics (FY21-FY25)
5
Work in Hand Growth
31.5%
$22.1b in FY25
NPATA Growth
1
75.5%
$257.6m in FY25
1. EBITDA and NPATA are underlying results, excluding the one-off positive impact of the Toowoomba novation (TSRC)
$-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
20232024
20252026
2022

Addressable market opportunity
We are exposed to positive market tailwinds that present strong, scalable growth opportunities in four key areas
26.8
28.3
29.7
31.2
32.9
11.3
11.9
11.8
11.9
11.8
38.2
41.0
43.9
45.7
47.6
10.5
10.3
11.0
11.5
12.1
86.8
91.4
96.3
100.3
104.4
FY25FY26FY27FY28FY29
Outsourced Maintenance Services addressable market size
Australia and New Zealand ($b)
Note: Oxford Economics (2025) Refers to the financial years ended 30 June. Defence; subset of Defence and Social Infrastructure market, Energy and Water; subsets of Infrastructure Service market, Digital Infrastructure; inclusive of Telecommunications market as well as
Defence, Space and Data Centre markets
Four key growth areas
6
Defence
1
Digital infrastructure
2
Energy
3
Water
4
Defence and Social
Infrastructure
Telco
Infrastructure
Services
Transport

We continue to Redefine Service Excellence
Enhancing stakeholder outcomes and underpinning long-term value creation
7
Employee Engagement
2
63%
2026 survey launched
Supplier Satisfaction
3
69%
First Supplier Conference held in 2026
1.Customer - Have Your Say Survey – 2026
2.Employee – Have Your Say Survey – 2025
3.Supplier – Have Your Say Survey - 2025
83%
Customer Satisfaction
1
+7pt NPS YOY
+47% responses
received to 444
What our customers have told us:
Our customers expect us to be safe, always
Our people are our greatest asset
Leadership visibility is important and builds trust
They are seeking partnerships, not transactions

8
Key priorities for 2026
1.Excluding the one-off positive impact of the Toowoomba transaction in 2025
2.Buyback program committed across 2025 and 2026
Delivering on expectations
NPATA growth
7-10%
Strong cash generation
>90%
Realising sustainable growth
High renewal rates
>90%
EBITDA margin at
>8.5%
Creating shareholder value
Dividends
60-80%of NPATA
Growing buyback program target
$250m 2025-26
2
FY26 guidance – NPATA growth of 7-10%
1
Well positioned to deliver the next
phase of growth
Structural market tailwinds are driving
long-term demand

Mark Fleming
Chief Financial Officer
Financial
overview
Pictured: Inspection of assets at North Head treatment plant in New
South Wales, Australia

10
Sustained strong track record of performance
379.9
419.8
465.2
499.3
532.1
100
150
200
250
300
350
400
450
500
550
FY21FY22FY23FY24FY25
8.7%
8.2%
8.2%
8.1%
4,557.4
5,167.5
5,676.4
6,105.5
6,141.1
1,000
2,000
3,000
4,000
5,000
6,000
FY21FY22FY23FY24FY25
146.8
179.6
202.1
227.9
257.6
0
50
100
150
200
250
300
FY21FY22FY23FY24FY25
Total Revenue ($m)EBITDA
1
($m)
NPATA
1
($m)
1. FY21 and FY22 use pro-forma results and FY25 EPS is underlying, excluding TSRC
8.3%
15.4
19.0
22.2
25.7
30.3
0
5
10
15
20
25
30
35
FY21FY22FY23FY24FY25
EPS
1
(cents)

11
‘Through the cycle’
investment
proposition
Revenue targeted to grow
faster than market
5 - 10 %
Average revenue growth
High conversion of
profits into dividends
75%+
Target Dividend payout ratio
1
Net profit after
tax target
7 - 10 %
Average NPATA growth
Diligent focus on
cash backed profits
90%+
Cash flow conversion
1. Franking at the maximum amount practicable

12
Capital allocation framework
Maintain financial
strength and
flexibility
Invest to grow
core business
Maximise total
shareholderreturns
Cash generative model:
Cash conversion 90%+ and
capital-light business model
Organic growth:
Disciplined investment to
optimise and innovate within
our core business
Sustainable distributions:
Payout of 60-80%, franked
to maximum amount practicable
Capital management:
On-market share
buyback with excess capital
Strong credit profile:
Net debt / EBITDA of 1.0 – 2.0x
and maintain investment grade credit
rating
Bolt-on acquisitions:
Value accretive bolt-on
acquisitions consistent with
our strategy

13
1.8
1.4
1.2
1.0
1.3
0
1
2
3
FY21FY22FY23FY24FY25
Headroom
to covenant
Leverage
1
12.6
12.4
10.0
11.2
12.2
0
2
4
6
8
10
12
14
FY21FY22FY23FY24FY25
Headroom
to covenant
Interest Cover Ratio
2
250250250
400
0
100
200
300
400
500
2025202620272028202920302031
$ millions
Asian Term LoanRevolver (drawn)Revolver (undrawn)
Maintain financial
strength and flexibility
Debt Maturity Profile
13
Net Debt/EBITDA between 1-2x
Stable credit ratings (S&P BBB,
Moodys Baa2)
Interest cost mitigated, with
50% of interest hedged in FY26
Significant liquidity
Diversified funding sources
1.Calculated as Net Debt/bank adjusted EBITDA
2.Calculated as bank adjusted EBITDA/Interest Expense

14
Invest to grow core business
2021
2025
2022
2024
Kordia Australia $11.2 m
Lansol $13.4 m
ATC Energy $5.7 m
Powernet $19.6 m
Acquire and scale new capabilities that
complement our core services to deliver
broader and more integrated solutions
New geographies
Enhance our geographic footprint to increase
our market presence and scope of service
delivery
Valued customers
Strengthen our customer relationships by
deepening service offerings and supporting
strategic, long-term partnerships
New capabilities in specialist in-
building coverage
Scaled capabilities in high voltage
electrical works
Significant footprint expansion in
the Victorian Transmission and
Distribution market
Access to new customers in the
energy market
New end-to-end landscaping
capabilities
Strengthened customer
relationship with Auckland City
Council
New capabilities in design and
construction of substations
Strategic positioning in regional
NSW for Ventia in the energy
market
Strengthened customer
relationships in complex electrical
high voltage projects
Strengthened customer relationships
by deepening our service offering
New capabilities

15
Bought back to date
2
at an average price of $4.86 per share
Maximise total shareholder returns
1.Graph shows cents per share. Total dividend in FY25 is 23.25 cents per share, increasing 16.4% on FY24
2.The buyback program commenced in 2025. Total consideration (A$) as at 30 April 2026
3.TSR calculated as at 30 April 2026
Buyback programme upsized to
across 2025 and 2026
15.75
17.72
19.98
23.25
0
10
20
30
FY22FY23FY24FY25
Cents per share (cps)
Growing total dividends, up 47.6% since FY22
1
Top quartile total shareholder return (TSR)
$250m
$172m
25% per annum
Reliable and growing dividendsOn-market buyback commenced Increasing returns to shareholders
TSR delivered over the last five years
3
VNT L5Y: 25.4%
17.6%
57.1%
ASX100 - L5Y TSR p.a. Distribution
TSR per annum
Quartile
65%
45%
25%
5%
(15)%
25%
50%
75%

Key messages
16
Strong track record of consistent financial
performance
Pictured: XXX
Disciplined approach to capital allocation and
maintenance of balance sheet strength
Outlook for continued growth over the medium to
longer term
Pictured: Member of our Defence Base Services land management contract in Darwin, Australia

Sarah Palmer
Group Executive Telecommunications
Digital
Infrastructure
Pictured: Ventia telecommunications technician deploys nbn’s
trademark green fibre optic cable in Queensland, Australia

Telecommunications overview
Our track record is a strong foundation to capture Digital Infrastructure revenue
18
$1.7b
69% since 2021
FY25 Revenue
$208.2m
60% since 2021
FY25 EBITDA
12.4 %
FY25 EBITDA margin
Fixed Networks
Operations and Services
Wireless
47%
43%
10%
Telecommunications revenue
breakdown
We are the largest
telecommunications
infrastructure services
provider in Australia and New
Zealand
60%
Annuity Services Revenue
Digital Infrastructure is an expanding growth
segment that includes connectivity, compute
and storage and enabling infrastructure
Pictured: Fixed wireless monopole tower located in regional Victoria, Australia

Digital Infrastructure: The backbone of the Digital Economy
Connect
Fibre, Wireless, Subsea
Compute
Data Centres (DC), Edge
Enable
Power, Cooling, Civils
Operate
Operations and Maintenance (O&M),
Lifecycle services
Digital Infrastructure - the
physical assets required to
move, store and process
data securely and at scale,
including:
19

Our market
Digital Infrastructure extends beyond existing
Telecommunications, expanding our addressable
market into higher-growth segments
Core
Networks
Metro and
Regional Fibre
KEY:
Existing addressable
Accelerated growth
20
Interconnect Hubs
(exchanges, POIs
1
, Carrier POPs
1
)
Inter-exchange
Subsea Terrestrial
Fibre
Wireless
Small Cell
Satellite
Tower
DAS
1
Data
Centres
Modular DC
Colocation
DC
Hyperscale DC
Enterprise/
Gov DC
Inter-city Fibre
Access
Networks
Fixed Wireless
DC Connectivity
Fixed Access
Enterprise
1. Point of Interface (POI) – used to show the physical interface between two different carriers, Point of Presence (POP) – a physical location that houses data centre compute, storage and
networking infrastructure, Distributed Antenna System (DAS) – network of spatially separated antennas that distribute cellular signals

Growth pillar #3
Scale in high-growth digital infrastructure
• Data centre site preparation and internal fit-out
• O&M of critical assets
Growth pillar #1
Fortify the foundation
• Grow share of wallet with existing customers
• Selective expansion into new carrier partnerships
Our ambition is to be #1 Digital Infrastructure services
provider in Australia and New Zealand
Our growth plan
sees each pillar
build on the last,
expanding our
share of the
Digital
Infrastructure
market
$19.8b
FY30 Forecast
Market
21
$5.9b
2030 Forecast Market
FY26-30: 18% CAGR
$1.6b
2030 Forecast Market
FY26-30: 4% CAGR
$12.3b
2030 Forecast Market
FY26-30: 1% CAGR
Growth pillar #2
Extend into adjacent infrastructure
• Defence / Private Networks / Mission critical
• Leverage existing power and delivery capability
1
2
3

22
Data Centre services: Platform for Digital Infrastructure
Growth
0
1
2
3
4
5
6
202520262027202820292030
$2.6b
$5.9b
The Data Centre Services Addressable Market
Key Opportunities for Ventia
AI and High-
Performance
Compute
1
How we are best placed to win
Proven delivery of fibre networks, power infrastructure
and mission-critical facilities
Hyperscaler
Cloud expansion
2
Direct alignment of national scale, fibre construction and
O&M capability
Data Sovereignty
and National Security
3
Sovereign partner with Defence, Government and
critical infrastructure pedigree
Power Availability
and Energy Transition
4
Strength across power generation, distribution and
renewables is a key differentiator
Enterprise and
Government DC
Modernisation
5
Experience modernising facilities in legacy DC upgrades
and decommissioning activity
18%
Estimated Growth CAGR over the period
FY25-30
4%
Ventia has significant headroom to
increase in a rapidly growing market
Source: Ventia Analysis, Oxford Economics ANZ (2024), JLL Global Data Centre Outlook (2025/26). CBRE Australia’s Data Centres Oct 2024
Note: Addressable market covers Australia and New Zealand markets related to outsourced Data Centres services

23
Telstra Aura Network and Edge Data Centres
Building the backbone of Australia’s digital future
The Aura Network is enabling Australia’s digital future. This 14,000km ultra-high-capacity fibre network is designed
to be able to unlock opportunity and support Australia’s digital ambitions.
Customer Case Study
82
Telstra exchange sites upgraded by Ventia as
part of Project Aura’s rollout
13
New custom-built edge compute regional
and remote Data Centres
2,670km
of construction delivered by Ventia to date
of the 5,000km awarded to us
Fibre Backbone
High-capacity, low-latency fibre backbone
that hyperscalers need to scale cloud services
and data platforms.
Modular, Edge Data Centres
Ventia has supplied and installed custom-built
Edge Data Centres
Supporting growth in AI
Aura’s high-bandwidth network future-proofs
Australia by supporting AI-driven innovation
across sectors, accelerating digital
transformation.
Pictured: Ventia D9 dual fibre plough busy at work in regional NSW connecting major cities across
Australia to reliable, high-speed network routes

Key messages
24
Telecommunications remains the foundation
Pictured Fixed wireless monopole tower located in regional Victoria, Australia
Digital Infrastructure is the growth engine –
pulling through fibre, power and annuity O&M
Resilient earnings profile underpinned by long-term O&M
annuity services revenue

Mark Ralston
Group Executive Defence & Social Infrastructure
Defence
Pictured: Working on heavy armoured vehicles on the Defence
Maintenance Contract in Victoria, Australia

26
$2.4b
28% since 2021
FY25 Revenue
$204.6m
59% since 2021
FY25 EBITDA
8.5 %
FY25 EBITDA margin
Defence
Social Infrastructure
45%
55%
Defence & Social Infrastructure revenue
breakdown
Note: Social Infrastructure includes social housing, health, education, local government, justice and other government
segments
Supporting customers across
defence, state and local
Government, including
education, health, housing and
justice
$28b
Addressable market growing at a 5%
CAGR for the next 5 years
Ventia is a trusted strategic partner to
Government, with significant opportunity to
expand its service offering and customer base.
Defence & Social Infrastructure
overview
We deliver essential services to all levels of Government
Pictured: Defence Maintenance Contract workshop in Victoria, Australia

27
We have broad capabilities from Defence base services to
specialised solutions
Maritime Precinct
Management
Firefighting and
Emergency Response
Vehicle and Equipment
Acquisition
Digital Infrastructure
Projects
Environmental
Remediation
Property and Asset
Services
Fuel
Engineering
27
Living and Working
Services
Clothing
Services
Defence
Maintenance Contract

28
Our people are in the right place to support Defence
Property and Asset Services
Living and Working Services
Firefighting Services
Defence Maintenance Contract
Defence Clothing Services
Northern Force Posture
Major AUKUS and Maritime Investment
Ventia’s national capabilities:
Note: Image includes references that are not to scale.
2,600+ defence
personnel with deep
operational experience
Key Defence strategic initiatives:
Pictured: Ventia Living & Working Services staff at the Defence Accommodation Precinct Darwin (Top Left); Ventia team members supporting Talisman Sabre 2025 (Top Right); 2025 Prime Minister’s National Veteran Employment Awards (Bottom Right); Ventia Clothing Services staff, Northern Territory (Bottom Left)

29
Our addressable market in Defence is growing from $10b to $16b
Source: Ventia Analysis; Australian Government - Defence Integrated Investment Program 2024; Portfolio Budget Statements (PBS) 2025–26 Defence Portfolio
Note: Addressable market covers Australia and New Zealand markets related to outsource Defence services. New Zealand to >2% of GDP per the Defence Capability Plan released 7 April 2025
202520262027202820292030
$60b
Total
Total Defence
Spending 2025, $b
The Defence Addressable Market
$10b
$16b
Key Market Drivers
Ventia’s Addressable Market in Defence is estimated
to grow to ~$16bn p.a. by 2030, driven by Australia’s Defence
spending rising towards 3.0% of GDP by 2033-34, from ~2% currently
AUKUS and
Maritime
Estate Upgrades
and Remediation
Northern Force
Posture
Infrastructure
Resilience
2
1
43
~$1b FY25
revenue
(~10% share)

30
20182019202020212022202320242025
Our ambition is to be Defence’s #1 Partner
#10
#5
#3
#
ADM Top 40 Defence
Contractors Rank
~$500m
~$1bn
Ventia’s Defence
Revenue
1
1. As reported by Australian Defence Magazine - Top 40 Defence Contractors, for Ventia and related entities (incl. Broadspectrum) 2018-2025.
Defence Clothing Services
End-to-End Prime services
and life-cycle integration
Base Services
Transformation Living
and Working Services +
Property and Asset
Services to strategic
locations
Firefighting
and Emergency
Response extension
Fuel Support Services
contract
Engineering, supply
chain, and other
technical services
Project Land 8120
Vehicle acquisition,
modification and supply
to CASG
JP9101 Support to the
Defence High
Frequency
Communication
System
Defence Maintenance
for Defence vehicles,
instruments and
equipment
Examples of service and
scope expansion:

31
Property and Asset Services
Living and Working Services
Firefighting Services
Defence Maintenance Contract
Defence Clothing Services
Northern Force Posture
Major AUKUS and Maritime Investment
Ventia’s national capabilities:
Key Defence strategic initiatives:
Our capabilities and geography support the strategic priorities of
Defence
AMC CUF
HMAS Stirling
Major AUKUS and Maritime
Investment
Northern Force Posture
Note: Image includes references that are not to scale.

Australian Marine Complex – Common
User Facility
Ventia has held the operations and management contract for the Australian Marine Complex - Common User Facility
(AMC CUF) since mid-2022
Customer
Development WA
Ventia’s Role
•24-hour day to day operation
and management
•Business development and
marketing services
•Asset management services
•Facility management services
•Operator services
The AMC CUF is the proposed
location for the Henderson
Defence Precinct and is
essential to the growth of naval
work in Australia.
The Henderson Defence
Precinct will require ~$25
billion infrastructure
investment over the next
decade.
1
Poised for Growth
32
>65
Customers per year
Customer Case Study
6

Wharves
+ 1 floating dock
24hr
Operations and management
1. Source: Australian Government, Department of Defence – Henderson Defence Precinct fact sheet, accessed April 2026
Pictured: AMC CUF in Henderson, Western Australia

Key messages
33
We hold an ambition ... to be Defence’s #1 Partner
We have a track record of growth ... and strong market
tailwinds
We have the broad capabilities and sovereign workforce
that Defence requires ... and in the right places
These will support the strategic priorities of Defence ...
now and into the future
Pictured: Working on heavy armoured vehicles on the Defence Maintenance Contract in Victoria, Australia
Pictured: Ventia Social Housing team members at work in New South Wales, Australia

Prue Crawford-Flett
Group Executive Infrastructure Services
Energy and Water
Pictured: Inspection of assets at North Head treatment plant in New
South Wales, Australia

35
Providing multidisciplinary maintenance and sustaining capital works solutions to
owners and operators of critical infrastructure
Infrastructure Services overview
Australia and New Zealand are
entering their largest energy and
water renewal cycle in decades
$1.4b
17% since 2021
FY25 Revenue
$128.7m
9% since 2021
FY25 EBITDA
9.0 %
FY25 EBITDA margin
Resources
Water and Environment
Energy and Renewables
Engineering Services
35%
34%
29%
2%
Infrastructure Services
revenue breakdown
3.2 %
Existing Energy and
Water Market Share
35
Ventia has a clear opportunity to earn an
increasing share of growing demand, supported
by its well-established operating base.
Pictured: Transmission work near Port Augusta, South Australia

Energy

37
The Energy and Renewables Addressable Market
The Energy and Renewables market
The energy transition and asset renewal are driving long term demand across Ventia’s core capabilities
Source: Oxford Economics (2025)
Note: Addressable market covers Australia and New Zealand markets related to outsourced energy infrastructure services
202520262027202820292030
Total
Total Energy Market
2025, $b
$40b
$15.7b
$21.9b
CAGR (FY25-30) of
6.9%
Existing market share (FY25)
2.6%
Ventia has significant head room to grow

Key market drivers
38
Key Market Drivers
How we are best placed to win
Grid decarbonisation
1
Full substation upgrade capability and panel access
Battery Energy Storage
System (BESS) and renewable
integration
2
Highly technical and integrated requirements favour
in-house engineering capability and substation expertise
Data centre demand
3
Turnkey high voltage solutions, offering end to end delivery for
data centre connections
Execution capacity
4
ANZ reach with 1,000+ energy specialists with the
capability required to meet demand as volume increases
Pictured: Electricity distribution maintenance works in Victoria, Australia

39
Energy and Renewables: What we do and where we play
Specialist technical capability:
High voltage substation assets
Greenfield grid connections and
Brownfield upgrades /augmentation
Live line
Working on energised networks without
outages
BESS
Commissioning, integration and lifecycle
support
Engineering services
Specialist High Voltage engineering and
technical advisory
25%
YoY Revenue Growth (FY24-FY25)
90%
Contract renewal rate
30 years
Longest customer relationship
$407m
FY25 Revenue
% of
Infrastructure
Services FY25
Revenue
2.6%
Ventia Market
Share
29%

40
Strategic capability that outpaces our current market share
600+ Energy Specialists
across Australia
500+ Energy specialists
across New Zealand
Live Line services
10+ years experience in
Transmission
construction and
maintenance including
live line
Electranet
Renewables O&M
Solar Operations and
Maintenance - 107MW
West Wyalong
PCL
High Voltage Grid
Connection
Design and Construct of
electrical substations, high
voltage lines and civil works
Powerlink
Maintenance,
Construction and Asset
Management
Across 11,000km
of transmission
network
Transpower
Distribution O&M
Deliver maintenance
services, supporting energy
network operations
Western Power
Demand is growing faster than the number of credentialled operators. Ventia has the people and specialist capability to deliver.
BESS
Ventia completes Stage 1 ECI for the
125MW Stoney Creek BESS
Narrabri, New South Wales
Energy Vault

Water

42
The Water market
Non-deferrable investment in water infrastructure is driving sustained, long-term demand for Ventia’s capabilities
202520262027202820292030
Total
Total Water
Market 2025, $b
The Water Addressable Market
$19b
$10.9b
$13.6b
Key Market Drivers
Asset Renewal
Backlog
1
How we are best placed to win
Multi-year capital programs are underway, and our O&M
contracts position us well to secure this work
Population Growth
2
Ventia’s scale and reach across the East positions us directly in
the highest growth utility markets in Australia
Climate Resilience
3
Our asset management capabilities and deep knowledge of
customer infrastructure supports utilities in building more
resilient networks over time
NZ Water Reform
4
We are monitoring implementation and engaging with local
government and new entities to identify opportunities
Water growing
at 4.5% CAGR
over the period
FY25-30
At a ~4% market
share, we have
significant head
room to grow
Ventia’s Addressable Market
•Operations and Maintenance and low
risk capital works
•Excludes complex and major
water projects
Source: Oxford Economics (2025)
Note: Addressable market covers Australia and New Zealand markets related to outsourced water infrastructure services

43
Water: What we do and where we play
Specialist technical capability:
% of
Infrastructure
Services FY25
Revenue
4%
Ventia Market
Share
Network operations and
intelligent monitoring
24/7 operations with real-time monitoring
Brownfield capital delivery
Treatment plant upgrades, pump stations
and pipe renewal
Water and wastewater
treatment operations
drinking water, wastewater,
recycled water and biosolids
Water engineering and
asset management
Engineering, and asset management advisory
across the full asset lifecycle
32%
24%
YoY Revenue Growth (FY24-FY25)
96%
Contract renewal rate
10+ years
Longest customer relationship
$448m
FY25 Revenue

44
Long term water partnerships
44
Customer Case Study
•Long-term operations and
maintenance contract with one of
Australia's largest metropolitan water
utilities
•Four-year $220 million contract
commenced March 2025 to deliver
preventative, corrective and reactive
maintenance
Water and wastewater
treatment operations
Watersure JV
Network operations and
intelligent monitoring
Seqwater
Brownfield capital
delivery
Yarra Valley Water
•Joint venture with SUEZ operating
the Victorian Desalination Plant since
commissioning in 2012
•Services spanning 35 water
treatment plants, 95 pump stations
and 26 dams
•Electrical, mechanical and
instrumentation maintenance across
the full network
•Capacity to supply up to 150GL
of high-quality drinking water
annually
•24/7 operations and maintenance
across a complex, large-scale water
treatment facility
•Maintenance and capital works
delivered through a single integrated
relationship
•Treatment plant refurbishment and
infrastructure projects accessed
through operations and maintenance
Pictured: Undertaking maintenance for Yarra Valley Water in Melbourne, Victoria

Leverage growing energy and water capital programs to
expand operations and maintenance scopes
Expand renewables O&M as the asset base grows
across key markets
Invest in operational efficiency and technical
capabilities ahead of market demand
Deepen revenue within existing contract relationships as
market volumes increase
Key messages
45
Pictured: Electricity crew preparing work for Western Power in Perth, Western Australia

Derek Osborn
Group Executive Innovation and Transformation
Innovation and
Transformation
Pictured: Members of Ventia’s 24/7 Operations Centre in Victoria,
Australia

2.6m
work orders per annum
14,000+
suppliers connected
18b+
enterprise data rows processed
941k
operations centre calls
6,000+
users across 500+ sites (AU/NZ)
47
One digital core: one consistent experience
Ventia's platform underpins reliable execution across every contract, at scale, every day
9m+
assets under management
Note: Numbers all reference 2025 data points

•Trusted Partnership
•Twelve years
•One platform
•Compounding growth
•Disciplined execution
Star Property a Ventia partner since 2013
48
Our partnerships: together we go further
How Ventia's digital core enables subcontractors growth

// CONFIDENTIAL FOR DISCUSSION ONLY
49
VenIQ
Smarter Bids.
Every time.

// CONFIDENTIAL FOR DISCUSSION ONLY
AI Apprentice
Expert
knowledge.
Everywhere.

Modernise the core
Enterprise intelligence
AI from pilot to production
SAP S/4HANA upgrade
Predict and connect
Full predictive capability
Digital services revenue
New specialist partners
Touchless by design
AI-led operations at scale
Autonomous workflows
Predictive maintenance
Quantum ready
Post-quantum encryption
Sovereign data resilience
Autonomous cyber defence
Intelligent at scale
Platform revenue growing
Capability-driven partner
AI-enabled external revenue
51
Our digital ambition
Shaped by growth areas, customer demand and megatrends
NowNextLater

Leading the next generation
of infrastructure renewals

53
What once took decades now compounds inside a single
investment cycle
The curve to 2026What 2026 looks like from 2050
In exponential systems, extending the horizon can completely change what 'big' looks like
Note: Illustrative Moore's Law-style chart assuming compute doubles roughly every two years.
200020052010201520202025
Relative compute units
We are here
20002005201020152020202520302035204020452050
Relative compute units
We are here
2026

54
Technology exponentials landscape
Proven technologies that materially lift productivity and customer outcomes.
AI
Artificial
Intelligence
Int
Internet
XR
Extended
Reality
NrG
Sustainable
Energy
Drn
Drones
DAg
Digital
Agriculture
XFn
Exponential
Finance
XMd
Exponential
Medicine
Sp
Space
Mns
Moonshot
Thinking
ExO
Exponential
Orgs
ML
Machine
Learning
IoT
Internet of
Things
Vrt
Virtual Worlds
DMf
Digital
Trn
Nextgen
Transportatio
SyF
Synthetic Food
Blk
Blockchain
Bio
Biotechnology
Sat
Satellite
Networks
Agl
Agile
Methodology
Wrk
Future of Work
NN
Neural
Networks
Rbo
Robotics
Twn
Digital Twin
3DP
Additive
Printing
Bld
Nextgen
Construction
3Fd
Printed Food
Crp
Crypto
Currencies
Nro
Neuroscience
Ast
Asteroid Mining
Dsn
Design Thinking
Lrn
Future of
Learning
NCd
No-Code
Programming
Cld
Cloud
Computing
Nno
Nanotechnology
Cty
Smart Cities
DAO
Decentralized
Auton. Orgs
Wel
Human Wellness
Rpd
Rapid
Prototyping
NLP
Natural
Language Proc.
QC
Quantum
Computing
NFT
Non-Fungible
Tokens
Lng
Human
Longevity
Eth
Ethics
GnD
Generative
Design
xG
5G & Beyond
CSc
Cyber Security
GnE
Gene Editing
Aug
Augmented
Human
Active today
Working towards
Emerging consideration
Adapted from: Gary A. Bolles, Singularity University/Charrette LLC
AI
Artificial
Intelligence
Int
Internet
Drn
Drones
ML
Machine
Learning
IoT
Internet of
Things
Sat
Satellite
Networks
Agl
Agile
Methodology
Wrk
Future of Work
NN
Neural
Networks
Dsn
Design Thinking
Cld
Cloud
Computing
Rpd
Rapid
Prototyping
NLP
Natural
Language Proc.
Eth
Ethics
xG
5G & Beyond
CSc
Cyber Security
NrG
Sustainable
Energy
XFn
Exponential
Finance
ExO
Exponential
Orgs
Vrt
Virtual Worlds
DMf
Digital
Manufacturin
TrnBlk
Blockchain
Rbo
Robotics
Twn
Digital Twin
Bld
Nextgen
Construction
Lrn
Future of
Learning
NCd
No-Code
Programming
Cty
Smart Cities
GnD
Generative
Design
Aug
Augmented
Human
xG
5G & Beyond
eCm
Digital
commerce
AI
Artificial
Intelligence
Int
Internet
NrG
Sustainable
Energy
Drn
Drones
ML
Machine
Learning
IoT
Internet of
Things
Sat
Satellite
Networks
Agl
Agile
Methodology
Wrk
Future of Work
NN
Neural
Networks
3DP
Additive
Printing
Dsn
Design Thinking
Cld
Cloud
Computing
Wel
Human Wellness
Rpd
Rapid
Prototyping
NLP
Natural
Language Proc.
Eth
Ethics
xG
5G & Beyond
CSc
Cyber Security
AI
Artificial
Intelligence
Int
Internet
Drn
Drones
ML
Machine
Learning
IoT
Internet of
Things
Sat
Satellite
Networks
Agl
Agile
Methodology
Wrk
Future of Work
NN
Neural
Networks
Dsn
Design Thinking
Cld
Cloud
Computing
Rpd
Rapid
Prototyping
NLP
Natural
Language Proc.
Eth
Ethics
xG
5G & Beyond
CSc
Cyber Security
NrG
Sustainable
Energy
xG
5G & Beyond
eCm
Digital
commerce
XFn
Exponential
Finance
Sp
Space
Mns
Moonshot
Thinking
ExO
Exponential
Orgs
Trn
Nextgen
Transportatio
Blk
Blockchain
Bld
Nextgen
Construction
Printed Food
Lrn
Future of
Learning
NCd
No-Code
Programming
Cty
Smart Cities
GnD
Generative
Design
Aug
Augmented
Human
XFn
Exponential
Finance
ExO
Exponential
Orgs
Vrt
Virtual Worlds
DMf
Digital
Manufacturing
Trn
Nextgen
Transportation
Blk
Blockchain
Rbo
Robotics
Twn
Digital Twin
Bld
Nextgen
Construction
Lrn
Future of
Learning
NCd
No-Code
Programming
Cty
Smart Cities
GnD
Generative
Design
Aug
Augmented
Human
Inf
Inference

Key messages
One digital core, one consistent experience
Accelerating new technology straight to production
55
Our Partnerships, together we go further
Leading the next generation of infrastructure renewals
Pictured: Ventia Operations Centre in Victoria, Australia.

Thank you