EVZ : Chairmans Address & Investor Presentation - FY2021

Chairman's Address

I would like to commence my address by thanking you as shareholders for your continued support in what has been a difficult period for all Australians.

onlyAs a result, the financial structure of the group has been strengthened and it is well placed to take advantage of the significant opportunities in its core markets across the 2022 Financial Year.

During the 2021 Financial Year the EVZ group returned profits across all of its operations in Australia and South East Asia.

The net profit for the Group for the year after income tax expense was $3,403,148 compared to a net loss after income tax expense in 2020 of ($2,751,440).

useThis financial result was achieved despite reduced sales revenue compared to the prior year due to the completion of

larger projects, and the slower commencement of new larger projects in the liquid fuels sector. The receipt of Jobkeeper during the period also enabled the group to retain its core work force, which will be key for future growth.

Borrowings were significantly reduced by $2.8M across the FY21 year. Term Debt at the date of this meeting now stands at

only $1.2M. Our bank, CBA, continues to support the company, and in June this year we extended our existing banking ersonalfacility on similar terms through to 31 October 2022 including continued quarterly repayments of the principal amount

which shall see the debt reduced to zero over the next 12 months.

Brockman Engineering enjoyed a profitable financial year with projects currently in progress remaining on schedule and on budget. Brockman continues to be a lead player in the petrochemical and water tank construction, maintenance, and piping fabrication sector.

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Chairman's Address (cont.)

Brockman is looking to grow its revenue in the 2022 financial year with larger tank project opportunities expected to

increase significantly aided by the Federal Governments "Boosting Australia's Diesel Storage Program" (BADSP) grant onlyallocations to major industry players across Australia.

Brockman is well positioned to use its competitive advantages of location, skills base, and relationships with major

industry companies to secure additional large contract wins during the 2022 financial year from both this grant funding scheme as well as other industry projects that proceed.

Syfon Systems continues to be the leading syfonic roof stormwater drainage company in Australia and South East Asia. useWhile still producing a profitable operating performance in the 2021 financial year, its Malaysian business was impacted by

international travel and movement restrictions within the country itself in response to the COVID-19 pandemic. Syfon remains committed to expanding in other key Asian markets to continue its progressive geographic expansion strategy.

TSF Power continues to grow its capability through a focus on skilled staff located and available in its identified markets and extended reach for its power generation breakdown and maintenance services. ersonal

In the 2021 financial year TSF Power produced a profit despite the impact of COVID-19.

TSF Power is well placed to further grow in revenue and profitability in the 2022 financial year.

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Chairman's Address (cont.)

Finally I would like to thank our CEO Scott Farthing and his management team for navigating us through another difficult year impacted by COVID-19 restrictions. Encouragingly, as we return to a more business as usual operating environment, we are starting to see an improvement in both our tendering activity and our contracted revenue backlog.

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