EVZ LIMITED — AGM Information 2020

Nov 19, 2020

==> picture [193 x 108] intentionally omitted <==

==> picture [193 x 108] intentionally omitted <==

==> picture [193 x 108] intentionally omitted <==

==> picture [194 x 108] intentionally omitted <==

==> picture [194 x 108] intentionally omitted <==

EVZ LIMITED AGM Presentation FY2020 20 November 2020

==> picture [134 x 51] intentionally omitted <==

| 1 |

Chairman’s Address

I would like to commence my address by thanking you as shareholders for your continued support in a difficult period for all Australians, as well as for EVZ. The directors and management of EVZ are committed to adapting the company to new market conditions and opportunities and returning to profit in the 2021 financial year.

In 2019-20 the EVZ group had a difficult first half year but recovered with a profitable second half year which reduced the full year consolidated EBITDA loss to $0.4M. Sales revenue declined in FY2019 due to the impact of the COVID-19 pandemic and the already embarked on focus on several large projects in the liquid fuel storage sector.

Our bank, CBA continues to support the company, and in July this year we extended our existing CBA banking facility on similar terms through to 31 October 2021.

COVID-19 impacts on project delivery timelines and restrictions around customer site access, peaked in April and May before returning to conditions more closely aligned to normal operations from mid-June 2020.

Our largest business, Brockman Engineering successfully completed the major Victorian crude tank project during the second half of the 2020 financial year. This was Brockman’s largest project to date with collateral benefits of increased skills and management systems as a long-term benefit. Brockman’s second half profit reversed the disappointing first half loss.

Brockman continues to be a lead player “in the news” petrochemical tank sector, as well as municipal water tank construction, maintenance and piping fabrication.

==> picture [134 x 51] intentionally omitted <==

| 2 |

Chairman’s Address (cont.)

Syfon Systems continues to be the leading syfonic roof storm water drainage company in Australia and Malaysia. While still producing a profitable operating performance in the 2020 financial year, its Malaysian business was impacted by international travel and movement restrictions within the country itself in response to the COVID-19 pandemic. The Malaysian business has since rebounded in the 2021 financial year. Syfon remains committed to expanding in other selected Asian economies as it continues a progressive geographic expansion strategy.

TSF Power is steadily growing specialist skills capability and reach for its power generation breakdown and maintenance services. The 2020 financial year divisional loss was due to the combined impact of COVID-19 and costs involved in better locating the New South Wales operation while growing and maintaining its skilled technical team. TSF Power has returned to profitability in the 2021 financial year.

==> picture [134 x 51] intentionally omitted <==

| 3 |

==> picture [485 x 51] intentionally omitted <==

----- Start of picture text -----

Micron Smart Manufacturing, Penang
Syfon Project Name
----- End of picture text -----

==> picture [143 x 45] intentionally omitted <==

==> picture [20 x 13] intentionally omitted <==

----- Start of picture text -----

| 49 |
----- End of picture text -----

==> picture [131 x 44] intentionally omitted <==

==> picture [134 x 51] intentionally omitted <==

CEO Business Review

FY20 In Review

COVID-19

Managing the adaptation of the business to operate safely and profitably in the presence of COVID-19 was challenging but achieved in all our offices and work sites. Altona Crude Tank

The Altona Crude Tank was all financial claims were project successfully completed, settled during the FY20 period.

Continuous Improvement

Continuous improvement in our risk management procedures, finance function, skills growth and technical capability positions EVZ strongly for FY21.

The commitment and manner in which our people have stepped up to meet the challenges of 2020 has been remarkable. The strength of the leadership teams and support given by our delivery teams has enabled EVZ to meet the challenges brought forward by the global pandemic and close out FY20 safely and deliver a return to profit in FY21.

New continue to come our a base to and our value as a project opportunities way providing growing develop business.

| 5 |

Yarra Valley Water Mernda Tank

==> picture [241 x 57] intentionally omitted <==

==> picture [168 x 48] intentionally omitted <==

| 6 |11 |

CEO Business Outlook

FY21 Priorities

Health and Safety

Safety is always our top priority; we have improved our performance year on year and our the Protection of our successfully managed way through global pandemic. people and the community is foremost in our thoughts and actions.

Risk Management

risk of the contracts we execute to ensure we deliver a Improved management highquality technical and financial outcome across all delivery models.

Creating Value

Creating value for our clients and shareholders through offering innovative technical and delivery models. Cash management and debt retirement agenda will continue to improve balance sheet flexibility.

We continue to build our capabilities and the culture of success, making selective key appointments in recent times to support the stable and managed expansion of our businesses in our market sectors.

==> picture [134 x 51] intentionally omitted <==

| 7 |

CEO Business Outlook

FY21 Opportunities

Australia’s Fuel Security

Brockman is well positioned to benefit from the Federal Government’s fuel security capital investment program and Viva’s Geelong Energy Hub development.

Energy Diversification

Further diversification and increased utilisation of renewable and energy biogas biomethane increase the need for services provided by TSF Power.

Asian Economic Strength

In the world after the pandemic, south east Asia is best placed to maintain and increase economic growth supported our businesses through the new build of social and economic infrastructure.

As we look to the future, we remain confident the world will continue to need to liquid fuel, diversified energy systems and the construction products we create. We also recognise the changing nature of the communities in which we live and are ready to lead and adapt as trends emerge.

==> picture [134 x 51] intentionally omitted <==

| 8 |

Contract – Viva Geelong Refinery Tank Maintenance

==> picture [241 x 57] intentionally omitted <==

==> picture [168 x 48] intentionally omitted <==

| 9 |10 |

Health & Safety

• has on

• Safety performance steadily improved year year.

• Total Recordable Rate is Injury Frequency (TRIFR)

• now just 1.49.

• reinforced focus on safe

• Continuously improving work procedures, job safety analysis and worker training.

• Maintained of zero recordable incidents and target

• zero harm to our people.

• COVID-19 health and rolled out safety campaign

• to ensure our and the are people community

• protected.

==> picture [146 x 32] intentionally omitted <==

----- Start of picture text -----

Safety Performance
2017 - 2020
----- End of picture text -----

==> picture [414 x 270] intentionally omitted <==

----- Start of picture text -----

14.00
12.35
12.00
11.70
10.00
8.00
7.38
6.86
6.00 5.97
4.00
2.60 2.95
2.00
1.49
-
2017 2018 2019 2020
TRIFR LTIFR
----- End of picture text -----

==> picture [134 x 51] intentionally omitted <==

| 10 |

| 1 10 |

==> picture [168 x 48] intentionally omitted <==

COVID-19

EVZ adapted to working in the COVID-19 impacted workplace and community, during the year the group businesses endured:

• Work and labour restrictions on construction sites slowing progress of works.

• Temporary business shutdown in Malaysia to comply with government imposed ”Movement Control Order”

• Clients limiting access to sites for health and economic purposes.

• Supply chain inertia preventing timely delivery of engine parts to clients.

• In response to the COVID-19 pandemic our adaptation strategy included:

• ü Proactive labour management procedures to protect all staff, client representatives and the community connected with our activities.

• ü Operations management to match daily work fronts access to efficient resource deployment.

• ü Innovative service delivery method to “get the job done” in the prevailing conditions.

==> picture [168 x 168] intentionally omitted <==

==> picture [155 x 153] intentionally omitted <==

==> picture [134 x 51] intentionally omitted <==

| 12 |

Syfon Project Name

==> picture [143 x 45] intentionally omitted <==

==> picture [134 x 51] intentionally omitted <==

| 1 380 |

FY20 Annual Result

	FY20	FY19
Revenue from ordinary activities	$66,224,710	$78,042,293
EBITDA	($445,815)	$2,887,673
Profit before finance costs and income tax	($2,037,772)	$2,140,373
Profit from ordinary activities before tax	($2,759,936)	$1,728,418
Profit from ordinary activities after tax	($2,751,440)	$1,624,975
Earnings per share (cents / share)	(2.86)	1.74

==> picture [134 x 51] intentionally omitted <==

| 14 |

~~Australia 108, Melbourne~~ Syfon Project Name

==> picture [143 x 45] intentionally omitted <==

==> picture [131 x 44] intentionally omitted <==

==> picture [134 x 51] intentionally omitted <==

| 1 29 50 |

FY20 Revenue Analysis

REVENUE DISTRIBUTION

==> picture [83 x 15] intentionally omitted <==

----- Start of picture text -----

REVENUE
----- End of picture text -----

==> picture [655 x 344] intentionally omitted <==

----- Start of picture text -----

$77.7M H2 TSFP
11%
H2 $66.2M
Syfon
32% Brockman
57%
H1
H1
FY2019 FY2020
----- End of picture text -----

NOTES

FY20 consolidated revenue reduced from FY19 due to later than expected commencement of Hastings Terminal Expansion project.

COVID-19 impact in H2 also a factor in lower than forecast sales and revenue.

SE Asian revenue growth delayed due to international travel and movement restrictions.

Australia’s Fuel Security Review entered public consultation phase seeking submissions from private sector for additional bulk storage.

Capital expenditure in liquid fuel sector may be deferred in line with short term reduced fuel sales during COVID 19 lockdown.

==> picture [134 x 51] intentionally omitted <==

| 16 |

FY20 Result Analysis

EBITDA DISTRIBUTION

==> picture [309 x 310] intentionally omitted <==

----- Start of picture text -----

TSFP
-2%
Brockman
-34%
Syfon
64%
----- End of picture text -----

EBITDA REGION

==> picture [227 x 311] intentionally omitted <==

----- Start of picture text -----

Asia
56%
----- End of picture text -----

==> picture [176 x 300] intentionally omitted <==

----- Start of picture text -----

Australia
44%
----- End of picture text -----

NOTES

H2 EBITDA profit an improvement following disappointing half year result.

Major Victorian crude tank project completed successfully during H2 including resolution of all commercial matters.

COVID-19 extended some project timelines and created unexpected site access limitations during H2.

COVID-19 impact moderated by access to Jobkeeper Payment Scheme.

Investment in capacity, skills and capabilities for planned expansion and growth at TSFP absorbed operating profit.

==> picture [134 x 51] intentionally omitted <==

| 17 |

FY20 Operations Analysis

==> picture [183 x 15] intentionally omitted <==

----- Start of picture text -----

DEBT FINANCE COST
----- End of picture text -----

REVENUE SECTOR

==> picture [627 x 335] intentionally omitted <==

----- Start of picture text -----

$471k
$412k
Building
Sector
38%
Energy &
Water Infra
62%
FY2019 FY2020
----- End of picture text -----

NOTES

Bank Facility Agreement extended with current provider on same terms until 31 Oct 2021.

Improved year end cash balance at $5.9M.

Cash balance at year end reflects settlement of Crude Tank project negotiated claims.

Positive cash flow for full year $3.1M.

Increase in debt finance cost attributable to short term project funding and bonding costs.

Sector revenue increasing in energy and infrastructure sector as TSF Power expands into waste gas market.

==> picture [134 x 51] intentionally omitted <==

| 18 |

==> picture [407 x 21] intentionally omitted <==

----- Start of picture text -----

Melbourne Water Bald Hill Tank
----- End of picture text -----

==> picture [241 x 57] intentionally omitted <==

==> picture [168 x 48] intentionally omitted <==

| 1924 |

Brockman Engineering - Outlook

• Brockman is well to benefit from Federal placed

• Government’s to Australia’s Fuel needs. response Security

• The capital build program is expected to proceed in FY21 to increase on shore diesel storage by up to 40%.

• The of the Hub upcoming development Geelong Energy by

• Viva Energy will provide additional project work to support our locally based team in Geelong.

• New fuel terminal for the planned developments private

• sector and of Defence remain active as Dept opportunities

• Australia’s need for improved fuel distribution and demand increases.

• Maintain COVID-19 health and worker safety protection

• procedures whilst delivering outcomes.

==> picture [206 x 48] intentionally omitted <==

==> picture [313 x 383] intentionally omitted <==

----- Start of picture text -----

BROCKMAN REVENUE
55
50
45
40
35
30
25
20
H1
15
10
5
0
FY16 FY17 FY18 FY19 FY20 FY21
----- End of picture text -----

==> picture [134 x 51] intentionally omitted <==

| 20 |

Hastings Fuel Terminal Expansion

==> picture [241 x 57] intentionally omitted <==

==> picture [168 x 48] intentionally omitted <==

| 2 16 |

Syfon Systems - Outlook

• is the first choice for roof in

• Syfon drainage systems Australia and Asia, confirming our increased market share since acquisition of Ultraflow in 2019.

• is the leader in to the

• Syfon providing systems support building and construction of additional warehousing and distribution centres to support growth in online shopping.

• Government of new infrastructure will funding public

• underpin the Australian construction sector.

• SE Asia economic rebound will enhance growth growth

• opportunities in the region.

• Investment in construction automation will improve margins and worker safety.

==> picture [157 x 48] intentionally omitted <==

==> picture [312 x 383] intentionally omitted <==

----- Start of picture text -----

SYFON REVENUE
25
20
15
10 H1
5
0
FY16 FY17 FY18 FY19 FY20 FY21
----- End of picture text -----

==> picture [134 x 51] intentionally omitted <==

| 22 |

Syfon Project Name

==> picture [143 x 45] intentionally omitted <==

==> picture [134 x 51] intentionally omitted <==

| 2 1037 |

TSF Power - Outlook

• in the renewable

• Expansion biogas power generation market.

• TSFP national service a differentiator for capability property

• portfolio owners and operators seeking to centralise single source contract procurement.

• NBN and data centre growth in critical power requirements driving greater need for TSFP services.

• New for from 1 supplier agreements engine spare parts

• December 2020 providing direct access to a wider range of high value componentry.

• to biomethane conversion in

• Biogas technology growth Australia.

==> picture [121 x 42] intentionally omitted <==

==> picture [313 x 384] intentionally omitted <==

----- Start of picture text -----

TSF POWER REVENUE
8.0
7.0
6.0
5.0
4.0
3.0
H1
2.0
1.0
0.0
FY16 FY17 FY18 FY19 FY20 FY21
----- End of picture text -----

==> picture [134 x 51] intentionally omitted <==

| 24 |

==> picture [134 x 51] intentionally omitted <==

| 2530 |

Important Notice

This presentation has been prepared by EVZ Limited for professional investors. The information contained in this presentation is for information purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular need of any particular person.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in the presentation. To the maximum extent permitted by law, none of EVZ Limited, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault.

In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.

Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance.

The distribution of this document is jurisdictions outside Australia may be restricted by law. Any recipient of this document outside Australia must seek advice on and observe such restrictions.

==> picture [193 x 109] intentionally omitted <==

----- Start of picture text -----

| 10 |
----- End of picture text -----

==> picture [194 x 108] intentionally omitted <==

==> picture [194 x 108] intentionally omitted <==

==> picture [193 x 108] intentionally omitted <==

==> picture [193 x 108] intentionally omitted <==

www.evz.com.au

==> picture [194 x 108] intentionally omitted <==

==> picture [194 x 108] intentionally omitted <==

==> picture [193 x 108] intentionally omitted <==

==> picture [193 x 108] intentionally omitted <==

==> picture [193 x 108] intentionally omitted <==