Vysarn (VYS) Investor Presentation summary

Business overview and strategy

• Provides integrated water services and infrastructure across Australia, serving resources, government, utilities, urban, and agriculture sectors.

• Vertically integrated model supports national growth, with recent acquisitions expanding technology and advisory capabilities.

• Focuses on responsible water and environmental management, anticipating significant growth opportunities.

• Strategic goal to become a leading national provider, leveraging organic growth, acquisitions, and asset management.

• Board and management team with extensive experience in industrial, resource, and water sectors.

Financial performance and growth

• 1HFY25 operational revenue reached $41.02m, with EBITDA of $8.14m and NPBT of $5.24m, exceeding guidance.

• Strong operational cashflow of $14.81m improved cash position to $17.59m.

• Recent acquisitions (Waste Water Services and CMP Consulting Group) contributed positively to earnings.

• Targeting material earnings growth in 2HFY25, aiming for FY24 proforma NPBT run-rate of $19.29m.

• Market capitalisation as of March 2025 was ~$221.5m, with net cash of ~$15.83m.

Segment performance and outlook

• Industrial: Pentium Hydro and Test Pumping generated $26.0m revenue and $2.5m NPBT in 1HFY25; demand expected to rise in 2HFY25.

• Advisory: Pentium Water and CMP delivered $4.6m revenue and $0.9m NPBT; CMP provides a strong east coast presence and new contract wins.

• Technology: Project Engineering and Waste Water Services achieved $10.36m revenue and $3.24m NPBT; strong orderbook and national expansion plans.

• Asset Management: Advancing the Kariyarra Water Scheme, with geophysics identifying a 60km paleo channel and regulatory engagement ongoing.

• Two major growth drivers: East Coast water infrastructure boom and Pilbara water demand.