EVZ LIMITED — AGM Information 2024

Oct 31, 2024

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EVZ LIMITED Annual General Meeting

FY2024

1 November 2024

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Chairman’s Address

During the 2024 financial year, EVZ achieved notable revenue growth and an improvement in operating profit, despite facing the market challenges of scarcity of skilled labour and persistent inflation.

Consistent with recent years, all operations in Australia and South-East Asia, contributed to the overall result.

EVZ grew revenues by 7% to $119M and delivered an EBITDA of $4.9M. During the year we secured several notable project wins and expect to secure additional new contract appointments to ensure our diversified portfolio of businesses maintains momentum across all our industry sectors and geographies. As a result, for FY2025, the group expects to deliver stable revenues but with a focus on improving profitability, particularly in the Brockman business.

Building Products:

We achieved significant increases in both revenues and profits for the Building Products segment in FY24. All businesses within this segment improved their backlog of contracted work, which should facilitate further revenue growth in FY25.

Syfon Systems maintained its position as the leading siphonic roof stormwater drainage company in Australia and Southeast Asia. Syfon remains committed to expanding into other key ASEAN markets using appropriate business models for each location as part of its progressive geographic expansion strategy.

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Chairman’s Address (continued)

Tank Industries posted strong profits in its first full financial year of operation within the EVZ Group since its acquisition in January 2023. The business co-located with Syfon during the year and is benefiting from the Building Products group's strong senior management, systems, culture, and synergistic client base.

Energy and Resources:

Brockman Engineering increased its revenue but was unable to deliver the expected improvement in operating profit due to a few pandemic legacy projects being impacted by labour shortages and cost inflation. Brockman remains a leader in petrochemical and water tank construction, recurrent maintenance, and piping fabrication sectors. It will leverage its competitive advantages of location, skills base, and relationships with major industry companies to secure

additional large contract wins in the upcoming financial year. Brockman expects to stabilise its revenue and improve profit margin across its project portfolio in FY25.

TSF Power increased both revenue and operating profit during the FY24. The continued focus on technical excellence, industry knowledge, and skilled staff will enable continued growth in FY25 as it expands its exposure to the renewable gas power generation and standby power generation markets.

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EVZ LIMITED CEO Business Update

FY2024

1 November 2024

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FY24 Performance Highlights
Revenue EBITDA NPAT
$118,916,120 $4,906,295 $2,138,914
Up 7% Up 31% Up 48%
Earnings per Share Cash on Hand NTA / Share
1.77c $8.4M 17.2c
Up 48% Down 9% Up 13%
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Environmental, Social & Governance

EVZ Limited has recently released its first Annual ESG Report based on the outcomes in FY24.

The Annual ESG report will be released each November prior to the AGM. The report is published on the EVZ Limited website at https://evz.com.au/corporategovernance/

EVZ Limited’s ESG Framework is based on the Sustainable Accounting Standards Board (SASB) structure. The SASB Standards are widely recognised amongst global investors and other relevant ratings organisations providing a comparator across all industries and companies.

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Energy & Resources

Our Energy & Resources division comprises the businesses of Brockman Engineering & TSF Power forming a group of technical services specialists in the energy, water, mining and natural resources sectors. These sectors feature strongly in Australia’s economy and will continue to drive Australia’s GDP for decades to come as Australia maximises the use of our abundant natural resources and accelerates the energy generation transition to achieve a cleaner future. Population growth and urban expansion continues to drive the need for new water infrastructure projects that are becoming more representative in our diversified project portfolio.

The group has consolidated its growth during the financial year and is expected to continue to grow in coming periods. Investment in expanding the business geographic reach and improving our skilled capability coupled with an increasing market size is expected to drive further growth.

Recent project wins in the resource sector with Rio Tinto are testament to our strategy being implemented to plan.

We also plan to expand our offering to new segments and adjacencies through focusing on further business acquisitions in line with our energy and resources strategic plan.

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REVENUE - ENERGY & RESOURCES REVENUE BACKLOG - ENERGY & RESOURCES
90 80
80 70
70
60
60
50
50
40
40
30
30
20
20
10 10
0 -
FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
1HFY 2HFY Brockman TSF Power
7
Millions Millions
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Building Products

The Building Products division comprises the businesses of Syfon Systems Australia, Syfon Systems Asia & Tank Industries to create a group of water industry product technical specialists supplying the built and social infrastructure sectors.

The group has operating divisions servicing all Australian capitals in addition to operating in Malaysia, Vietnam and Indonesia. The built environment sector will continue to feature strongly as part of the economic development of new cities and enhancing existing urban communities to accommodate population across the region. Our building products business is directly exposed to both the Australia and

the Asian regions fast growing economies.

Revenue growth in this division has been strong during the financial year and is expected to continue growing in coming periods. Investment in expanding the business geographical reach into Indonesia and expanding our product range since the acquisition of Tank Industries has delivered improved contribution margins. We plan to continue the expansion of our service offering to new segments and adjacencies through focusing on organic and acquisitive of technically superior businesses as part of the strategic plan.

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REVENUE - BUILDING PRODUCTS REVENUE BACKLOG - BUILDING PRODUCTS
45 35
40
30
35
25
30
25 20
20 15
15
10
10
5
5
0 -
FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
1HFY 2HFY Syfon Aust Syfon Asia Tank Industries
8
Millions Millions
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Energy & Resources: Completed Project

Project Viva Strategic Storage Geelong, Victoria Client Viva Energy - Refinery Contract Value $66,500,000

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Project
Tun Razak Exchange
Kuala Lumpur, Malaysia
Client
WCT / Lend Lease
Contract Value
RM 12,500,000
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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.

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