External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

External broker reports(aggregated public sources)

Moelis Australia Ltd

We are an ASX-listed financial services firm specialising in asset management, lending, corporate advisory and equities. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Mar'23 ARR $56.2m (+15% pcp, -1% vs. Dec'22). 3Q ARR movement included:</li><li>Aviation (-$1.9m) as $0.9m of new wins (incl. Aena scope expansion &amp; new China- based customer) were offset by ~$3m churn (primarily 3 sites with the Department of Defense).</li><li>Industrial (+$1.1m) led by: waste facilities customers in the U.S. (driven by new federal “Environmental Justice” legislation) and continued growth in the mining sector.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mar'23 ARR $56.2m (+15% pcp, -1% vs. Dec'22). 3Q ARR movement included:Aviation (-$1.9m) as $0.9m of new wins (incl. Aena scope expansion &amp; new China- based customer) were offset by ~$3m churn (primarily 3 sites with the Department of Defense).Industrial (+$1.1m) led by: waste facilities customers in the U.S. (driven by new federal “Environmental Justice” legislation) and continued growth in the mining sector.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Envirosuite Limited - Mar'23 4C: ARR Broadly Flat Due to Aviation Churn

<ul><li>Ending ARR $56.9m (+16% pcp, +1% vs. MA est.). 1H23 ARR growth of $3.9m included: $2.5m Aviation, $1.3m Omnis, $0.1m Water.</li><li>Aviation delivered a record half of ARR sales (+14% vs pcp) including a 3yr contract with a national air navigation service provider for re-designing airspace.</li><li>Achieved adjusted EBITDA positive run-rate in the months of Nov &amp; Dec'22.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ending ARR $56.9m (+16% pcp, +1% vs. MA est.). 1H23 ARR growth of $3.9m included: $2.5m Aviation, $1.3m Omnis, $0.1m Water.Aviation delivered a record half of ARR sales (+14% vs pcp) including a 3yr contract with a national air navigation service provider for re-designing airspace.Achieved adjusted EBITDA positive run-rate in the months of Nov &amp; Dec'22.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Envirosuite Limited - Strong 2H Pipeline Provides Path to FCF Positive Run-Rate by Dec'23

<ul><li>Ending ARR $56.9m (+16% pcp, +1% vs. MA est.) 2Q ARR growth of $2.0m included: $1.4m aviation, $0.6m Omnis, $0.0m Water.</li><li>Aviation delivered a record quarter of ARR sales including 2 new airports and a 3yr contract with a national air navigation service provider for re-designing airspace.</li><li>Ending cash $11.9m (vs. MA est. $10.6m), implies $4.4m burn in 1H (2H22: -$7m). Management reiterated their target for positive EBITDA exit run-rate by Jun'23.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ending ARR $56.9m (+16% pcp, +1% vs. MA est.) 2Q ARR growth of $2.0m included: $1.4m aviation, $0.6m Omnis, $0.0m Water.Aviation delivered a record quarter of ARR sales including 2 new airports and a 3yr contract with a national air navigation service provider for re-designing airspace.Ending cash $11.9m (vs. MA est. $10.6m), implies $4.4m burn in 1H (2H22: -$7m). Management reiterated their target for positive EBITDA exit run-rate by Jun'23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Envirosuite Limited - Aviation Flies, While 2H Sales Pipeline Builds for Omnis & Water

<ul><li>ESG-software moving from ‘nice-to-have’ to ‘must-have’ for compliance + social licence to operate.</li><li>Rising government environmental regulation + accountability to local communities empowered by access to greater data/social media platforms.</li><li>Premium software offering with predictive-modelling capability across key environmental parameters (e.g. dust/noise/vibration/odour) tailored to local weather &amp; landscape conditions.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ESG-software moving from ‘nice-to-have’ to ‘must-have’ for compliance + social licence to operate.Rising government environmental regulation + accountability to local communities empowered by access to greater data/social media platforms.Premium software offering with predictive-modelling capability across key environmental parameters (e.g. dust/noise/vibration/odour) tailored to local weather &amp; landscape conditions.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Envirosuite (ASX:EVS) - Investment Summary

Australia

EnviroSuite Limited operates as an environmental sciences company. The Company provides environmental consulting, monitoring, predictive management, and automated reporting solutions through a management system that provides real-time monitoring and predictive modeling. EnviroSuite conducts its business worldwide.

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EnviroSuite (EVS AU)

Envirosuite Limited - Mar'23 4C: ARR Broadly Flat Due to Aviation Churn

Aviation (-$1.9m) as $0.9m of new wins (incl. Aena scope expansion & new China- based customer) were offset by ~$3m churn (primarily 3 sites with...

MA Moelis Australia

Envirosuite Limited - Strong 2H Pipeline Provides Path to FCF Positive Run-Rate by Dec'23

Aviation delivered a record half of ARR sales (+14% vs pcp) including a 3yr contract with a national air navigation service provider for re...

MA Moelis Australia

Envirosuite Limited - Aviation Flies, While 2H Sales Pipeline Builds for Omnis & Water

Ending ARR $56.9m (+16% pcp, +1% vs. MA est.) 2Q ARR growth of $2.0m included: $1.4m aviation, $0.6m Omnis, $0.0m Water.

MA Moelis Australia

Envirosuite (ASX:EVS) - Investment Summary

Rising government environmental regulation + accountability to local communities empowered by access to greater data/social media platforms.

MA Moelis Australia

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