Verbrec Evolution Engineered

Operational overview by Service Line The Verbrec Legacy Verbrec continues to reinforce its core competencies as recognised experts in each of its six specialty areas and has over $45m work in hand as at end January 2021. We expect work in hand to increase between now and the end of FY21, assuming commodity prices hold firm and deferred projects are awarded LOGICAMMS ASSET MANAGEMENT CT COMPETENCY TRAINING A DIVISION OF LOGICAMMS LOGICAMMS ICAM DIGITAL INDUSTRY OSD PIPELINES A DIVISION OF LOGICAMMS Exceeded internal expectations despite the impact of lower oil & gas prices and reduced sell rates offered to some long-standing clients. Continued to develop opportunities in WA, a major area of future growth Some clients reluctant to attend face-to-face courses. Rolled out remote learning, virtual reality and e-learning. Training delivered in new markets including NT and NZ Ongoing execution of control system upgrades for major water utility companies throughout Australia. Some COVID induced productivity impacts experienced which remain subject to notice of delay and variations (totaling up to $2m) Some delays seen in award of new projects and deferral by asset owners of ad-hoc integrity works Creating and Transforming Assets LOGICAMMS POWER LogiCamMS C PROCESS PLANT Secure, cost-effective and robust power solutions including system design and modeling that are code compliant and tailored to client's requirements Solid first half, contributed largest % of revenue of all service lines and planning expansion into SA and WA to Build a Smarter Future verbrec evolution engineered

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