EVZ LIMITED — Interim / Quarterly Report 2011

Mar 20, 2011

EVZ LIMITED Investor Update

March 2011

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Financial Highlights
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1H11 significant turnaround from 2H10

• Revenue of $45.9m

• 2H10: $36.9m; 1H10: $40.1m

• EBIT of $1.6m

• 2H10: loss of $(0.6)m; 1H10: $1.9m

• NPAT of $0.8m

• 2H10: loss of $(0.8m); 1H10: $1.1m

• EPS of 0.37 cps

• 2H10: loss of (0.38) cps; 1H10: 0.51 cps

• Comfortable gearing, with net debt / equity ratio at 31 December of 16.7%

• 30 June 2010: 17.5%

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Business Highlights
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EVZ Engineering

Brockman/Danum Engineering

• Strong forward orders - $28m

• Recently won $5.6m Barwon Water contract

• Pricing in all States

• • Increased work flows from Shell and Alcoa

Merger:

• Brockman and Danum merging - current timeline 30 June 2011

• Consolidated offering

• “EVZ Engineering”

• Potential cost savings

• Focus on pipe spooling expertise as traditional Danum markets still depressed

• Timing in winning and/or commencement still an issue

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Business Highlights
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EVZ Engineering (continued)

National Engineering

• Slow traditional markets – depressed margins

• Alternative markets actively pursued:

• NSW mining / resources

• Recurring products

• Enhanced focus:

• Management restructure

• Driving recovery

• Work levels

• Product delivery

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Business Highlights
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EVZ Power

TSF Engineering

• Broad based customer portfolio – reduced Telstra reliance

• Enhanced delivery focus

• Pricing for year significantly up – approx $85m

• Horizontal integration in Power sector

• Equipment hire/rental

• Peak energy supply

• Continued growth in Maintenance division

• Melbourne office opened

• Sourcing competitively priced products offshore

• Co/Tri-generation opportunities

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Business Highlights
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EVZ Water

Syfon Systems

• Record forward orders

• Preferred supplier status

• Price/margins still extremely competitive – targeting increases

• WA market established and growing

• Pursuing growth opportunities in maintenance

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In Summary …
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• 1H11 saw significant turnaround from 2H10

• Group on budget to 31 December 2010

• Exposure to attractive growing markets

• Streamlined operations and greater controls over business units

• Comfortable gearing

• • Well positioned to continue building momentum to grow earnings

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Appendices
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1H11 RESULTS

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	EVZ Overview
Top 5 Shareholders:		Shares	%
•	UBS Nominees Pty Ltd	15,603,089	7.50
•	Powis Enterprises Pty Ltd	8,570,000	4.12
•	Cameron Richard Pty Ltd	6,863,413	3.30
•	McKern Superannuation Fund Pty Ltd	6,693,993	3.22
•	Merrill Lynch (Australia) Nominees Pty	5,100,000	2.45
	Ltd

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Board & Management
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Directors:

• M Findlay (Non-Executive Chairman)

• P Jones (Non-Executive Director)

• K Fagg (Non-Executive Director)

• G Burns (Non Executive Director)

Senior Management: A Powis (Chief Executive Officer)

I Wallace (Chief Financial Officer & Company Secretary) M Goddard (GM Brockman/Danum) A Bellgrove (GM Syfon Systems) A Green (GM TSF Engineering)

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Profit & Loss
Comparisons
6 months to 6 months to 6 months to
31/12/10 30/6/10 31/12/09
$’000 $’000 $’000
Revenue 45,862 36,940 40,103
EBITDA 2,152 (29) 2,398
EBIT 1,623 (572) 1,905
EBT 1,141 (1,074) 1,445
NPAT 774 (797) 1,057
EPS (cents) 0.37 (0.38) 0.51
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Balance Sheet
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As at 31/12/10 As at 30/6/10 $’000 $’000 Current Assets 25,389 24,585 Total Assets 63,076 62,445 Current Liabilities 15,637 24,156 Total Liabilities 24,565 24,560 Net Assets 38,511 37,885 Issued Capital 46,023 46,023 Total Equity 38,511 37,885 Net Debt to Equity 16.74% 17.50%

Cash Flow	Comparison	Comparison
	6 months to	6 months to	6 months to
	31/12/10	30/6/10	31/12/09
	$’000	$’000	$’000
Net cash provided by
operating activities	771	(757)	2,323
Net cash used in investing
activities	(489)	(208)	(598)
Net cash provided by
financing activities	658	(2,002)	(723)
Net increase/(decrease) in
cash held	940	(2,966)	1,001
Net cash on hand	4,750	3,810	6,776

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Disclaimer
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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.