EVZ LIMITED ersonal use only
EVZ LIMITED
Half Year Investor Update
1HFY2022
18 February 2022
| 1 |
EVZ is a leading provider of innovative engineering solutions
A leading provider of steel bulk storage | ||
tanks, pressure pipe networks & | ||
maintenance for chemical/water storage. | ||
only | ||
Recurring & Project Revenue | ||
ersonaluse | 57% of EVZ 1HFY22 Revenue | |
The leader in syfonic roof stormwater drainage systems in Australia, New Zealand & South-East Asia.
Project Revenue
31% of EVZ 1HFY22 Revenue
Provides technical, operations & maintenance support for the power generation & renewable energy industry.
Recurring Revenue
12% of EVZ FY22 Revenue
| 2 |
FY22 First Half Result
1HFY22 | 1HFY21 | ||
Revenue from ordinary activities | $28,985,081 | $29,772,774 | |
onlyEBITDA | $1,454,911 | $3,385,236 | |
use | |||
Profit before finance costs and income | $623,676 | $2,562,853 | |
tax | |||
Profit from ordinary activities before tax | $416,427 | $2,281,825 | |
ersonal | $407,660 | $2,271,965 | |
Profit from ordinary activities after tax | |||
Earnings per share (cents / share) | 0.42 | 2.36 | |
Net Operating Cashflow | $1,031,786 | $168,473 | |
| 3 | | |||
1HFY22 Earnings Stability
Revenue and underlying earnings were stable in 1HFY22 despite disrupted trading conditions including construction industry shutdowns and community lockdowns. New contracts and projects are commencing in 2HFY22 and FY2023.
Building the Pipeline
Backlog is predicted to increase by 190% to be in excess of $100M upon execution of the diesel tank contract with Viva Energy. Tendering and business activity has recently increased with sales revenue forecast to increase during FY2023 and beyond.
Syfon currently has record levels of revenue backlog and is positioned for growth as the industry and the community return to full activity levels post COVID.
Balance Sheet
Positive cashflow and further debt reduction were achieved during 1HFY22. Debt now at $0.9M to be amortised to zero by 30 September 2022. Net cash at half year close of $3.0M.
1HFY22 Result Snapshot
REVENUE
onlyuse | ||||||
H2 | $28.1M | |||||
ersonal | H1 | $29.7M | H1 | $29.0M | ||
FY2021 | FY2022 | |||||
REVENUE DISTRIBUTION
TSFP
12%
Syfon | Brockman |
32% | 56% |
REVENUE SECTOR
Building
Sector
38%
Energy &
Water Infra
62%
| 4 |
EBITDA DISTRIBUTION
TSFP
19%
Brockman
43%
Syfon
38%
EBITDA REGION
Asia 12%
Australia
88%
Record Backlog & Pipeline
o
onlyo useo ersonalo
Predicted revenue backlog is forecast to be $100M up 190% since 30 June 2021, upon execution of the Viva Energy diesel storage tank contract.
Syfon recently secured three projects in Penang, and a large multistorey office refurbishment in Melbourne Australia. Revenue backlog across the Syfon business is at record levels supporting growth in future periods.
TSF Power recently secured a renewable gas energy power installation project at Gippsland Water which will be completed in late FY2022.
Additional BADSP contracts will be awarded in the tank construction industry prior to 31 December 2022. The total new expenditure in this sector to be more than $450M in the next three years.
Millions
REVENUE BACKLOG
120
100
80
60
40
20
-
Mar 20 Jun 20 Sep 20 | Dec 20 | Mar 21 | Jun 21 Sep 21 Dec 21 Mar 22 | ||||||
Brockman | Syfon Aust | Syfon Asia | TSF Power | ||||||
| 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
EVZ Limited published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 22:27:21 UTC.
