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Verbrec Evolution Engineered

Refocussed Growth Strategy Achieved Successfully completed rebranding of LogiCamms to Verbrec and renewed the Board and Management Bolstered business development capability in key Australian markets Executed first strategic acquisition, Energy Infrastructure Management (EIM), as a bolt on to Verbrec's OSD Asset Service Line (refer announcements 29th/31st December 2020) Executed second strategic acquisition, acquired assets of Site Skills Group Pty Ltd (refer announcements 26 February 2021 and 12 April 2021) Reinforcement of our core capabilities across our six service lines through increased marketing efforts and appointment of technical service line leads Grow non-project-based revenue including commercialisation of technology products Significant portion of EIM's revenues come from long-dated Operations and Maintenance contracts StacksOnTM being deployed by global mining company The Board has adopted a Dividend Policy of 30% to 60% of NPAT¹ In-flight Bidding on several larger projects including EPC within our core capabilities Further bolt-on M&A opportunities being assessed 1. Subject to the Board's discretion taking into account the general business and financial conditions, current budgets and financial forecasts, working capital requirements, taxation position and future capital expenditure requirements. verbrec evolution engineered 11
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