EVZ LIMITED — Investor Presentation 2017

Nov 23, 2017

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2017 AGM Investor Presentation

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FY17 Highlights

IMPROVED BALANCE SHEET

Balance sheet rejuvenation completed. Equity raising and debt forgiveness concluded successfully.

CONTRACT RISK MITIGATION

Melbourne Airport Tri-generation Plant achieved Practical Completion. Defects liability period and contract closure due in December 2017.

GROWTH AGENDA

Revenue and earnings growth progressing to plan, work in hand steadily improving.

EARNINGS GROWTH

Increasing work in hand from recent project wins driving earnings growth in FY18.

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FY17 Financial Result

Revenue from ordinary activities $51,902,016 EBITDA $882,143 EBIT $87,074 Net profit before tax $5,403,095 Net profit after tax $3,609,689 Earnings per share (cents) 1.47

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EVZ Group Strategy

“Revenue and earnings growth are created by delivering value added services in selected market sectors.

Organic revenue growth will be augmented through infill acquisition of relevant high performing businesses that complement group capabilities.”

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Building & Bulk Fuel Building & Infrastructure Storage & Oil Infrastructure Targeting in Australia & Refining in SE Asia New Zealand Growth Sectors

Bulk fuel storage facility Building & construction expansion: sector growth 7-9 % pa - New terminal construction High rainfall in tropical - Refinery crude SE Asia benefits Syfon storage expansion product marketing. - Jet fuel farms Syfon Systems well Plant maintenance established in region, interventions, shut - since 1996. downs and turnarounds. Limited competition established in region. Tank construction, traceable pressure pipe, pressure vessel renewal. Plant maintenance.

Building & construction sector growth 3-4 % pa Established syfonic drainage industry Syfon Systems leading 70% market share. Transport and social infrastructure investment cycle beyond 2022

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FY18 SALES OUTLOOK BY DIVISION

FY18 Outlook

Work in hand growing steadily, currently $45M supporting profitable trading. Current progress in FY18 aligns with pre-equity raising assumptions.

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TSFM
10%
Syfon
Brockman
34%
56%
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SE Asia construction & building development sector offers abundant opportunities.

Fuel industry asset replacement and terminal facility expansion in Australia.

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Brockman Engineering

Mechanical services provider to the fuel industry:

• Bulk fuel storage tankage - High spec piping - Shutdown & turnaround events - Plant maintenance

• Growth opportunities - Refinery maintenance

• • LNG plant maintenance
• • Fuel terminal design & construction
• • Industrial plant capacity upgrades

Safe work and outcome focused team.

68% Work in Hand Forward Year Sales Coverage

26%

First Quarter YoY Sales Growth

$195M Live Tenders

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FUEL INDUSTRY STRATEGIC RATIONALE

Major asset ownership and use rationalisation phase concluded.

Additional capacity and operational efficiency improvement phase in progress.

New terminal feasibility and investment phase commencing.

Australia’s fuel usage growth:

• Land transport 2.9% pa - Air transport 5.9% pa

Market size:

Terminal projects currently planned - $400-500M Annual industry tankage capital investment - $250M Annual industry mechanical maintenance - $400M

OIL STOCK LEVELS INTERNATIONAL ENERGY SECURITY

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400
350
300
Aust oil IEA EPPD
250 stock deficit stock level
(3,020ML) (90 days)
200
150
100
47
50
0
Days Consumption
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Australia’s bulk fuel storage is 48%* below IEA EPPD treaty requirement.

Largest shortfall in the world requiring $1.2Bn capital investment to remedy.

IEA EPPD Treaty *BITRE Data 2005 - 2015

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Syfon Systems

Syfon Systems are specialist roof drainage engineers with extensive experience in major building projects in Australia and SE Asia.

73% Work in Hand Forward Year Sales Coverage

Current market share in Australia and Malaysia exceeds 75%. Growth opportunities: 15% - Geographic expansion to Vietnam, First Quarter YoY initially and Philippines and Earnings Growth Indonesia in future years. - Expansion of capabilities into manufacturing of HDPE pipe and component fabrication. $69M Live Tenders Safety focused international team.

15% First Quarter YoY Earnings Growth

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SE ASIAN GROWTH OPPORTUNITY

Characteristics of SE Asia construction market suited to Syfon Systems expansion.

• High rainfall

• Large project developments

• Iconic building design

• Limited competition, first mover advantage

• Industry transitioning from conventional drainage

• Ideally suited to pipe manufacturing expansion

Vietnam expansion initiative underway, permanent presence commencing early 2018.

Manufacturing centre for pipes and fitting components in Kuala Lumpur commencing mid 2018.

SE ASIA ECONOMIC GROWTH

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9.0
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0.0
Cambodia Indonesia Laos Malaysia Myanmar Philippines Singapore Thailand Viet Nam
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“Asia will continue to account for the largest share of the future global construction industry> Emerging markets of the Philippines, Malaysia, Vietnam and Indonesia, will invest heavily in new infrastructure projects, supported by private investment.”***

***Global Construction Intelligence Center 2017

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****ADB Data 2017-20

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TSF

Maintenance

Power Generation maintenance and operations support to the building and critical facility owners:

• Data centres - Communication networks - Major buildings - Critical healthcare facilities

• Growth opportunities - National network of technicians

• • Long term routine maintenance

• contracts base workload.

• • Power generation capacity upgrades
• • Reliability testing
• • Fuel system and environment audits

Safety focused team delivering power supply security

60% Work in Hand Annual Sales coverage

15%

First Quarter Increased YoY Sales

44% Recurrent Revenue

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Current & Recent Projects

EVZ project site location

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Geelong Refinery Tank 17 Tank 18 Tank 251 Term Maintenance Contract Brockman Engineering

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Image to be replaced Viva Newport Terminal Tank 29 Brockman Engineering 14

Esso Long Island Pt Hastings Tank 1301 Tank 1303 Tank 1306

Brockman Engineering

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Flinders Street Station Refurbishment

Syfon Systems

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Darling Harbour Live

Syfon Systems

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Coomera Shopping Centre Syfon Systems

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Skyrail South East Melbourne Syfon Systems

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Studio City Casino Macau

Syfon Systems

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MRT Kuala Lumpur

Syfon Systems

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KL118 Kuala Lumpur Syfon Systems

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IMPORTANT NOTICE

Disclaimer

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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www.evz.com.au

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