Veris Limited · ASX:VRS
Veris — OTOC — Shareholder Meeting (November 2013)
20 slides from Veris's shareholder meeting presentation, November 2013
Slide 1: Annual General Meeting Presentation November 2013
For personal use only Annual General Meeting Presentation November 2013
Slide 2: Highlights
Highlights For personal use only OTOC = Infrastructure Services Revenue FY2013 $ 113,934,000 EBITDA FY2013 $ 10,946,000 13.7% EBIT FY2013 $ 7,697,000 6.3% Net Assets at 30/06/2013 $ 22,007,000 71.5% Cash at 30/09/2013 $ 6,176,000 57.3% Page | 2
Slide 3: FY2013 in Review | Strategic Priorities
FY2013 in Review | Strategic Priorities For personal use only Business FY2013 FY2014 Diversification Achievements Priorities • Mitigate structural shift in demand in North-West Safety – 100% LTI free resources market • Positioning the • Generate recurring Profit growth – EBIT business to respond
Slide 4: FY2013 Highlights
FY2013 Highlights • OTOC Limited Brian Mangano (Chief Financial Officer) For personal use only • OTOC Limited Lisa Wynne (Company Secretary) KEY APPOINTMENTS • OTOC Australia David Russell (General Manager) • Whelans Australia Brett Goodridge (General Manager) • Communications Nedi Nheu (Head of Dep
Slide 5: OTOC Share Price Performance
OTOC Share Price Performance “OTOC’s share price has performed strongly since the 2012 AGM” For personal use only 180.0 Introduction of 2 new OTOC ASX Small Ordinaries institutional shareholders who now own 9.1% 160.0 140.0 120.0 Rebased (100 = 30 Nov ember 2012) Perpetual became substantial shareho
Slide 6: Group Structure
Group Structure “OTOC is an infrastructure services group with a diversified offering” For personal use only Resources Government Town Communications Facilities Surveying Mapping Infrastructure Infrastructure Planning Mining Oil and Gas FY13 focus areas FY14 focus areas Page | 6
Slide 7: Health, Safety and Environment FY2012/13
Health, Safety and Environment FY2012/13 For personal use only OTOC Australia Performance Growth Outstanding HSE Performance • 1.6 Million hours Lost Time Injuries Free • TRIFR decreased 27% since last FY • Personnel hours maintained Certification • Federal Safety Accreditation Achieved • ISO 9001:2
Slide 8: Health, Safety and Environment FY2012/13
Health, Safety and Environment FY2012/13 For personal use only Outstanding HSE Performance • Over 1 Million hours Lost Time Injuries Free • Increased personnel hours • TRIFR remains below industry Average Certification • AS/NZS 4801:2001 Maintained • ISO 9001:2008 Maintained Continuous Improvement I
Slide 9: Divisional Performance | OTOC Australia
Divisional Performance | OTOC Australia For personal use only OTOC Australia $160 $8.0 • FY2013 Rev enue $84.8m, EBI T $6.5m $140 $6.8 $7.0 • Lower revenue due to industry-wide slow down in $6.5 resources work in the North-West $120 $6.0 • EBI T margin increased from 5.1% to 7.6%, reflecting $5.0 $1
Slide 10: Divisional Performance | Whelans Australia Surveying
Divisional Performance | Whelans Australia Surveying For personal use only Whelans $35 $3.5 • Rev enue up 11.8% to $29.2m and EBI T up 7.2% to $2.9m $2.9 $30 $2.7 $3.0 • Consistent revenue and earnings, from div ersified client base (200 plus) in resources, oil and gas and civil construction sectors
Slide 11: Balance Sheet
Balance Sheet For personal use only September Qtr FY2013 FY2012 Operating Cash Flow $m 1.2 7.9 0.9 Cash $m 6.2 3.9 4.0 Shareholder and Director Loans $m 0.7 1.4 2.7 Other Loans and Bank Ov erdraft $m Nil Nil 0.7 Equipment/HP Finance Facilities (draw n)1 $m 9.7 7.4 6.6 Bonding facility $m 22.0 15.0 1
Slide 12: Whelans Australia
Whelans Australia For personal use only • Whelans is a leading Western Australian consultancy in the provision of surv eying, mapping and specialist spatial services, and town planning. • Head office in Perth and a strong regional network with offices in strategic centres of Karratha, Broome, Kununu
Slide 13: Entry into Government Sector
Entry into Government Sector For personal use only • OTOC Australia has leveraged its remote construction abilit y to secure work in the Commonwealth Government construction sector. • Diversifies OTOC’s earnings and order book and provides exposure to a significant growth sector. • Initial $28.7m co
Slide 14: Organic Growth – Creation of Facilities Division
Organic Growth – Creation of Facilities Division For personal use only • OTOC Australia offers facilities solutions currently for mining companies, located in North- West Australia. • OTOC sees this as a growth business as clients seek to reduce capital expenditure and mov e items off balance sheet.
Slide 15: Organic Growth – Communications
Organic Growth – Communications For personal use only • OTOC Australia prov ides specialised communications serv ices, which includes IT, network, data, internet and infrastructure management, telephony, v ideo on demand, entertainment and help desk. • Communications is a strong-margin business, wit
Slide 16: FY2014 and Pipeline
FY2014 and Pipeline For personal use only • Brockman 4 underpins first half revenue • $10m variation awarded in September quarter RESOURCES • Active tender pipeline in North-West resources market INFRASTRUCTURE • OTOC is well placed to capitalise given reduced competition in this market • Nauru Stag
Slide 17: Order Book and Pipeline
Order Book and Pipeline For personal use only • Q1 revenue $39.4m and a strong order book for the balance of the financial year. • Whelans has had a successful quarter featuring new contract awards in addition to regular recurring revenue and existing contracts in addition to increased property deve
Slide 18: FY2013 Summary
FY2013 Summary For personal use only Key Senior Management Appointments 100% LTI free Diversification of the Business Successful entry into Government sector Creation of Facilities and Communications divisions EBIT margin increased from 4.8% to 6.7% Strengthened Balance Sheet and Net A
Slide 19: Disclaimer
Disclaimer For personal use only This Document should not be considered as an offer or inv itation to subscribe for or purchase any securities in OTOC Limited (“OTOC” or “The Company”) or as an inducement to make an offer or inv itation w ith respect to those securities. No agreement to subscribe fo
Slide 20: For personal use only
BSOtOC OTOCLIMITED.COM.AU