AVADA GROUP LIMITED — AGM Information 2022

Nov 13, 2022

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AVADA GROUP LIMITED

Annual General Meeting 14 November 2022

Important notice and disclaimer

This document dated 14 November 2022 has been prepared by AVADA Group Limited (ACN 648 988 783) (the Company) and is provided for information purposes only. It contains summary information about the Company and its activities and is current as at the date of this document. It should be read in conjunction with the Company’s periodic and continuous disclosure announcements filed with the Australian Securities Exchange, available at www.asx.com.au.

This document does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in the Company nor does it constitute financial product advice. This document is not a prospectus, product disclosure statement or other offer document under Australian law or under any other law. This document has not been filed, registered or approved by regulatory authorities in any jurisdiction.

The information contained in this document is not intended to be relied upon as advice or a recommendation to investors and does not take into account the investment objectives, financial situation, taxation situation or needs of any particular investor. An investor must not act on the basis of any matter contained in this document but must make its own assessment of the Company and conduct its own investigations and analysis. Investors should assess their own individual financial circumstances and consider talking to a financial adviser, professional adviser or consultant before making any investment decision.

By reading this document you agree to be bound by the limitations set out in this document. No representation or warranty, express or implied, is made as to the accuracy, reliability, completeness or fairness of the information, opinions, forecasts, reports, estimates and conclusions contained in this document. To the maximum extent permitted by law, none of the Company and its related bodies corporate, or their respective directors, employees or agents, nor any other person accepts liability for loss arising from the use of or reliance on information contained in this document or otherwise arising in connection with it, including without limitation any liability from fault of negligence.

Certain statements in this document constitute forward looking statements and comments about future events, including the Company's expectations about the performance of its business. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward looking statement. Subject to any continuing obligations under applicable law the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements in this document to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any such statement is based.

This document contains unaudited financial information for the Company that has been prepared by the Company’s management.

This document may not be reproduced or published, in whole or in part, for any purpose without the prior written consent of AVADA Group Limited

Authorised for release by the Board of Directors of AVADA Group Limited

Past performance is not indicative of future performance and no guarantee of future returns is implied or given. Nothing contained in this document nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of the Company.

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AVADA Group Limited – 2022 Annual General Meeting Page 2

via https://meetings.linkgroup.com/AVDAGM22

Board of Directors

Lance Hockridge Daniel Crowley Ann-Maree Jo Willoughby Robert Robertson Cazzolli N O N - E X E C U T I V E M A N A G I N G C H A I R M A N D I R E C T O R & C E O D I R E C T O R D I R E C T O R D I R E C T O R

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AVADA Group Limited – 2022 Annual General Meeting Page 4

Chairman’s Address Lance Hockridge

Managing Director and CEO’s Address Dan Crowley

FY22 highlights

C O M P L E T I O N O F A C Q U I S I T I O N S A N D L I S T I N G O N A S X

D E L I V E R I N G O N T H E S T R AT E G I C P L A N

U N A U D I T E D P R O F O R M A E B I T D A $ 1 2 . 6 M V S F Y 2 1 O F $ 1 1 . 5 M

O N G O I N G

I M P L E M E N TAT I O N O F S Y N E R G I E S A N D I N T E G R AT I O N

G R O W I N G T H E F L E E T A N D T E A M T O M E E T D E M A N D

C O N T I N U I N G T O S E C U R E K E Y C O N T R A C T W I N S A N D E X T E N S I O N S

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AVADA Group Limited – 2022 Annual General Meeting Page 7

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AVADA overview
TRAFFIC
VEHICLES CONTROLLERS DEPOTS
QLD 660 1,217 19
NSW 168 472 7
`
VIC 131 358 1
TOTAL 959 2,047 27
Active employees
AVADA Group Limited – 2022 Annual General Meeting Page 8
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Competitive advantages

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Scale enables allocation and sharing of people and vehicles.

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Improved efficiencies and operational performance through the use of technology.

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Safety and operational processes are assured by effective management processes and monitoring.

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Group-wide procurement and cost monitoring.

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Ability to deliver the service platform through the existing brands or as a group.

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AVADA Group Limited – 2022 Annual General Meeting Page 9

Financial performance

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REVENUE GROWTH - FY
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GROSS PROFIT & GROSS MARGIN %
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AVERAGE REVENUE PER VEHICLE
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$180
$170
$160
$150
$140
FY19A FY20A FY21A FY22A
Average revenue per vehicle ($000s)
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EBITDA & EBITDA %
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AVADA Group Limited – 2022 Annual General Meeting Page 10

Acquisition Summary and Strategy

Further acquisitions to meet strict criteria, including:

D E C E M B E R 2 0 2 1 A C Q U I S I T I O N O F F I V E T R A F F I C M A N A G E M E N T C O M PA N I E S

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Accretive earnings and cash flow profile

Diversity of geography and client base

A U G U S T 2 0 2 2 C O N S T R U C T A C Q U I S I T I O N A N I M P O R TA N T F I R S T S T E P

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Strong track record of operations and strong independent branding

Scale to existing operations through bolt-on acquisitions

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AVADA Group Limited – 2022 Annual General Meeting Page 11

Our clients and pipeline opportunities (selection)

Infrastructure pipeline (4-Year Horizon)

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QLD PROJECT	VALUE ($)
Cross River Rail	$5.4bn
Network maintenance (Qld Gov.)	$4.7bn
Gateway Motorway and Bruce Highway	$2.1bn
Coomera Connector	$1.5bn
Rockhampton Ring Road	$1.1bn
Gold Coast Light Rail (Stage 3)	$1.0bn

NSW PROJECT	VALUE ($)
Sydney Metro West	$12bn
M6 Extension (Stage 1)	$2.7bn
Greater Western Highway Upgrade	$2bn
Sydney Gateway (early construction)	$1bn
Parramatta Light Rail (Stage 1)	$0.5bn
Sydney Road Asset Performance	$0.3bn p.a.

$110bn of federally funded infrastructure projects to be delivered within the next decade, in addition to state and council funded projects

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AVADA Group Limited – 2022 Annual General Meeting

Page 12

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Some softness experienced from weather interruption and additional public holidays (Sydney’s wettest year)

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Volumes are at expected levels and businesses are near capacity during dry periods

Trading update & business outlook

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Wage and price increases negatively impacted margins early in the September quarter – offset by agreed rate increases, with margins returning to expected levels

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Outlook is positive with high demand being seen and expected across all regions throughout the remainder of FY23

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Integration of the operations continues with additional specialist resource added to accelerate this process

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AVADA Group Limited – 2022 Annual General Meeting Page 13

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People
AVADA Group Limited – FY22 Results Page 14
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ABN 57 648 988 783

Contact Us

AVADA Group Limited Suite1, Level 2 116 Ipswich Road Woolloongabba QLD 4102 T 1300 321 995 E contact@avadagroup.com.au

avadagroup.com.au

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avadagroup.com.au ABN 57 648 988 783