Vysarn (VYS) M&A Announcement summary

Deal rationale and strategic fit

• Acquisition of WWS expands Vysarn's sector exposure, revenue streams, and service capabilities in water services.

• WWS brings over 25 years of experience and a strong client base in mining, oil & gas, and industrial sectors.

• The deal aligns with Vysarn's strategy to offer a vertically integrated suite of water service offerings.

Financial terms and conditions

• Vysarn will acquire 100% of WWS for $7.5 million in cash, subject to adjustments for debt and working capital.

• The purchase will be funded through a mix of cash reserves and debt.

• The acquisition multiple is 3.27x FY2024 unaudited EBITDA.

• Expected to deliver over 20% EPS accretion based on FY2024 proforma NPAT.

Synergies and expected cost savings

• Immediate organic growth initiatives identified, including expanding wastewater treatment for the resource sector.

• Plans to increase recurring revenue via more wastewater rental units and develop municipal water treatment opportunities.