Vertically integrated water services provider Vysarn (ASX: VYS) has signed off on a successful FY23 and provided shareholders with an upbeat outlook for FY24.
Vysarn’s vertically integrated model provides ‘end-to-end’ water services to various sectors including resources, urban development, government, utilities and agriculture.
Addressing shareholders at the AGM today, Vysarn managing director James Clement focused on the investment highlights for “a fundamentally driven company, solving critical water and environmental issues”.
Strong water thematic – Vysarn has positioned itself as a unique vertically integrated end-to-end provider of water services and technologies that aim to efficiently and responsibly manage water, the world’s most precious resource.
Pursuing horizontal ESG opportunities – structures established to pursue ESG opportunities in water ownership, water infrastructure, asset management, carbon farming, irrigated agriculture, mine repurposing and urban rehabilitation.
Clear demand-driving strategy – investment decisions are supported by clear demand and business development with tier-1 organisations across resources, urban development, government, utilities and agriculture.
Executing vertical integration strategy – Vysarn has transformed into a specialised water, environmental and carbon services provider to a broad spectrum of sectors and geographies. Strong balance sheet with net debt of $1.4 million and a $25 million acquisition facility.
Diversified revenue streams – Vysarn’s vertically integrated model provides valuable, diversified revenue streams that deliver a growing level of defensiveness to the company’s current earnings and growth profile.
Strong earnings growth – delivering strong year-on-year growth, with NPBT of $1.1 million in FY21, $4.1 million in FY22 and $7.1 million in FY23. Vysarn has established a platform to provide sustainable growth for shareholders.
Mr Clement flagged material year-on-year grow in FY24, “supported by the current run rate achieved in the first four months of operations”.
