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EVZ LIMITED — Capital/Financing Update 2022
Oct 6, 2022
64889_rns_2022-10-06_8e00f11f-7497-42ad-b72a-99026f3fc9d2.pdf
Capital/Financing Update
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7 October 2022
The Manager Market Announcements Office Level 4, North Tower, Rialto 525 Collins Street MELBOURNE VIC 3000
BROCKMAN SECURES CONTRACT FOR NEW LARGE WATER STORAGE RESERVOIR
EVZ Limited (ASX:EVZ 'the Company') a leading provider of innovative engineering solutions, is pleased to announce the securing of the contract to design and construct a new large water storage reservoir in Melbourne’s western growth corridor. The reservoir will be used on completion by Greater Western Water to augment the water supply to new residential and business communities in the Melton region.
Highlights
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EVZ’s Brockman Engineering has executed a contract with Aqua Metro Pty Ltd, for the design and construction of a thirty megalitre water storage tank at West Melton.
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• Total contract value of the contract is circa $11M: Work will commence on site in Q3FY2023 for completion in Q3FY2024.
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EVZ’s contracted backlog remains in excess of $100M. This contract, together with other new contract wins across the business, maintains the consolidated contracted backlog to over $100M.
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Elevated tendering activity. EVZ has seen a significant increase in tendering activity across the business in Q1 FY2023. All EVZ businesses remain well positioned to secure additional contracts expected to be awarded in remaining months of 2022.
Chief Executive Officer, Scott Farthing said,
“ We are excited by the opportunity to serve Aqua Metro and Greater Western Water develop new infrastructure for new residential and business communities in Melbourne’s western growth corridor. This contract win among others across our business maintains the momentum of success EVZ’s has accumulated in 2022. With a record backlog and strong balance sheet EVZ is well positioned to continue to organically grow our business as well as execute on value enhancing complimentary acquisitions."
For further information please contact.
Scott Farthing Chief Executive Officer EVZ Limited T: +61 9545 5288 M: +61 41111 7403 [email protected]
EVZ Limited ABN 87 010 550 357
115 | 838 Collins Street, Melbourne VIC 3008 Australia T: +61 3 9545 5288
About EVZ Limited
EVZ Limited is an industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of liquid fuels industry mechanical services including bulk tank design and construction, syfonic storm water and roof drainage, and distributed renewable power generation through subsidiaries, Brockman Engineering, Syfon Systems, and TSF Power. www.evz.com.au
115 | 838 Collins Street, Melbourne VIC 3008 Australia
EVZ Limited ABN 87 010 550 357
T: +61 3 9545 5288