Envirosuite (EVS) AGM 2024 summary

Opening remarks and agenda

• Meeting opened at 10:00 A.M. with a quorum present; new CFO and auditor introduced.

• CEO Jason Cooper, CFO Emma Stepcic, and Non-Executive Director Eric Winsborrow led the AGM, with Director of Marketing & Communications Jeremy Gaedtke also present.

• Colby Manwaring chaired the meeting, highlighting the experienced board and executive team aligned for the next phase of growth.

• Shareholders could ask questions and vote via digital platform; results to be lodged with ASX post-meeting.

Board and executive committee updates

• Emma Stepcic welcomed as CFO, bringing international experience and focus on financial insights; CFO since November 2024 with expertise in finance, compliance, and business transformation.

• Eric Winsborrow up for election as director, valued for global mining, technology, digital strategy, and Silicon Valley experience.

• Colby Manwaring, Non-Executive Chair, brings global technology leadership and M&A experience.

• Board composition evolved to support growth and strategic direction, with alignment and experience in driving profitability.

Financial performance review

• FY24 revenue reached $59.4m, with ARR at $61.1m and gross margin at 52.5%.

• Industrial business grew 25% in FY 2024, adding AUD 5.7 million in new ARR; low churn expected in FY 2025.

• Aviation business added AUD 2.2 million ARR in FY 2024; strong project sales and renewals.

• Americas region led with $25.7m ARR; 77% of YTD wins from expansion and scale.

• Organisational restructure in March 2024 delivered cost and operational synergies; strategic run-off of legacy low-margin contracts completed.