Envirosuite delivers strong FY22 half-year results with significant growth in EVS Omnis and Americas

We are pleased to announce that we have released our half-year results for the six months ended 31 December 2021 (1HFY22).

This is a strong interim financial result for the Company with an acceleration in the ARR growth rate versus FY21. It highlights strength in our Airports business as well as outstanding growth momentum in EVS Omnis and, in particular, in the Americas.

COVID restrictions globally are beginning to loosen which bodes well for EVS Aviation, along with the recent renewal of the key Airservices Australia contract, further underpinning our confidence in the outlook. Strong ESG tailwinds, especially in the US, and market acceptance by resources industry customers has resulted in robust ARR growth of 33.5% in EVS Omnis. In EVS Water, the funding the Company secured late in the Half has given us the firepower to expedite the growth in this high margin, pure SaaS business.

With our end markets in good shape across the business, EVS is set to continue to deliver strong growth in ARR.

Performance Highlights for 1HYFY22 include:

• Annualised Recurring Revenue (ARR) at $49.0 million, a 15.3% increase for the same period last year

• EVS Omnis ARR growth of 33.5%

• Americas ARR growth of 36.8%

• Half-yearly revenues increased 13.8% over the prior corresponding period (PCP) to $26.8 million

• Gross profit margin of 48.4%, 16.6% increase on PCP

• EVS Aviation ARR growth of 6.5% PCP and signed a 5-year contract renewal with key customer, Airservices Australia

• High margin, SaaS focused EVS Water business well placed for growth in coming 12 months post $10.5 million capital raise and strategic partnership with GHD signed November 2021

• Well-funded to accelerate growth with cash equivalents of $23.7 million

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