Vysarn (VYS) Investor Update summary

Business overview and strategy

• Vysarn delivers integrated water, carbon, and environmental services across resources, urban, government, utilities, and agriculture sectors.

• Vertically integrated model enables end-to-end water solutions, positioning for significant growth opportunities.

• Board and management have extensive experience in industrial, environmental, and resource sectors.

Financial performance and growth

• FY24 operational revenue rose 16.8% to $75.9m, EBITDA increased 30.8% to $16.3m, and NPBT grew 54.9% to $11.0m.

• Net tangible assets increased 27.4% to $38.9m, with NTA per share up 26.3% to $0.095.

• Debt reduced by 70.7% to $2.8m, maintaining a net cash position.

• Three-year CAGR: operational revenue 43.3%, EBITDA 48.3%, NPBT 115.4%.

• Growth has been predominantly self-funded with minimal dilution (1.19% over five years).

Divisional performance

• All divisions delivered growth in FY24, with Pentium Water EBT up 48.9%, Pentium Hydro EBT up 24.4%, and ProEng EBT up 160%.

• Test Pumping division expanded fleet and secured new Tier 1 client, driving further earnings potential.

• Corporate overheads increased due to investment in water ownership projects and executive leadership.

• EBT margins improved from 15.4% to 19.2% (excluding head office costs).