20 April 2023: MA Moelis Australia: Envirosuite Limited (Buy): "Mar'23 4C: ARR broadly flat due to Aviation churn, 4Q pipeline remains strong"

That's the first page. Click here to access the full report.

Disclosure: I hold EVS shares here in my Strawman.com virtual portfolio and also in one of my real life portfolios.

This video was recorded and posted on YouTube on 25-Nov-2021. It discusses the value proposition that Envirosuite provides for Airports globally:

Our software is increasing airspace tolerance everywhere I EVS Aviation - YouTube

"We've been committed to improving community relations through better airport environmental management for over 30 years. As the world’s leading supplier of solutions and services for airport noise management, we understand that accurate data integrity and noise measurement is essential for airports to demonstrate compliance with local regulations and provide precise information to maintaining trust within the community."

"EVS Aviation offers world leading, comprehensive airport environmental management software. Our flagship ANOMS software provides deep analytics on top of rich datasets, deliver insights that reduce environmental impact, while improving operational efficiency."

"EVS Aviation provides solutions for airports to transparently communicate environmental exposures and management activities to communities. Our software enables airport teams to work directly with all stakeholders to build trust and airspace tolerance."

"Harness powerful insights to help you maximise capacity utilisation of your airport infrastructure and reduce operational costs such as decreasing runway occupancy or optimising pavement maintenance and de-icing procedures."

Learn more:

➤https://envirosuite.com/platforms/avi...

Connect with us:

➤LinkedIn: https://www.linkedin.com/company/envi...

➤Twitter: https://twitter.com/envirosuite_ltd?s=21

➤Facebook: https://www.facebook.com/envirosuite/

About Envirosuite:

Envirosuite (ASX:EVS) is a global leader in environmental intelligence spanning more than 15 countries and is a trusted partner to the world’s leading industry operators in aviation, mining & industrial, waste and water. Our proprietary software combines leading-edge science and innovative predictive technology with industry expertise to produce actionable insights, allowing customers to optimize their operations, whilst remaining compliant and managing their environmental impact.

Click here or on the link near the top of this straw to watch the video.

Disclosure: I hold EVS shares both here and IRL. My thoughts are that airports should be getting on with implementing software suites like this now, while things are quieter due to the pandemic and travel/border restrictions, rather than wait until they are super-busy when all restrictions are removed. It's a similar situation to the one that Catapult (CAT) have described where sports teams globally are using the downtime (suspension/deferral of leagues and matches) to use Catapult's gear and analytics to make changes to training schedules and support individual players more to enable them to outperform when things get back to normal and matches/games are back on.

Of course, this video only describes one division of Envirosuite, their Aviation division, and EVS are so much more than that, however it's good, as a shareholder, to get some perspective on what they offer and what their selling points are.

Click here or on the link near the top of this straw to watch the video.

11-Feb-2022: Sequoia: Envirosuite Limited (EVS) – Initiation of Coverage: "Emerging leader in Environmental Intelligence (EI) software"

evs-sequoia-initiation-110222.pdf

Prepared by Wayne Sanderson – Head of Research @ Sequoia -

email: [email protected]

Phone: +61 3 8548 3314

• Wayne says EVS is a "BUY (High Risk)"
• 12-mth Target Price: (AUD) $0.23
• Share Price (AUD): $0.195
• 12-mth Price Range: $0.087 - $0.245
• Forecast 24-mth Capital Growth: 17.9%
• Forecast 24-mth Dividend Yield: 0.0%
• 24-mth Total Shareholder Return: 17.9%
• Market cap ($m): 244.6
• Net debt (net cash) ($m) (Dec 21e): (17.2)
• Enterprise Value ($m): 227.4
• Gearing (Net Debt/ Equity): n/a - Net cash
• Shares on Issue (m): 1,254.5
• Options / Perf rights on Issue (m): 99.3
• Sector: IT /Software
• Average Daily Value Traded ($): $274,000
• ASX 300 Weight: n/a 

Click on the link for the full report from Sequoia.

Disclosure: I hold EVS IRL and here.

Australian Mining Review (Feb 2022): A step-change in Environmental Monitoring

"We sat down with Envirosuite to discuss their latest solution, EVS Omnis, to learn about their latest solution for Noise and Vibration Control and Air and Water monitoring."

Click on the link at the top to get a full page display of this.

Click here to watch the video (skip through the ads).

Disclosure: I hold EVS shares IRL and here.

9:16am. 04-Nov-2021. @jwrostagno27 has already provided the details of this morning's announcement from EVS, however I just wanted to highlight that Aeroqual also has the United States Environmental Protection Agency (EPA) as a customer, which is very significant, since they set the bar for Environmental compliance in the US, and do the testing and enforcement of the laws. The full announcement by EVS can be read here.

I note that they appear to have released the same announcement twice - once at 7:56am and again at 8:41am, so I'm linking there to the second of those - in case there is any difference between them.

While an MoU is just a letter of agreement, rather than any sort of binding contract, this is still positive news for EVS and shouldn't do their share price any harm at all. They continue to have good momentum - since those 9 cps levels in June, they closed yesterday at 22.5 cps, so that's 150% up from 9c. Not bad in less than 5 months.

Disclosure: I hold EVS here and in RL.

24-Sep-2021:  If somebody wanted to liquidate (sell) 80 million shares on-market, it would not be all at the same price, and it would have a serious effect on the buy/sell spread, and would move the share price substantially.  I therefore assume that this was a block trade that was executed between yesterday's close and today's open, and added into the history for today.  A quick check reveals that is was indeed processed by the system at 9:18am this morning, before the market opened, so was a block trade done outside of market hours.  And all at 16c/share, for $12.8m.  There are only two subs (substantial holders) listed with that quantity of shares, being National Nominees and Macquarie Group.  Macquarie Group did hold exactly 80m shares, so we shall see in the coming 2 business days during which time the seller must lodge a "ceasing to be a substantial shareholder" notice. 

The upside of that is that there was someone, or a consortium of someones that was willing to buy 80m EVS at 16 cps for $12.8m.  You would assume they value the company higher than that.

If it was a single buyer, we should see a notice from them lodged as well.  80m shares is 6.7% of the company.  If the 80m was bought by two or more different buyers then we may not see any notices from the buyers because each of them may hold less than 5%, but we will know who sold when they lodge their notice, because they've just sold 6.7% of EVS.

26-Feb-2021:  FY 21 Half Year Results Presentation   plus   Half Yearly Report and Accounts  (click on the correct announcement from the list under "Company Announcements" on the EVS website - which is where those links will take you.)

Also:  Appointment of new CEO following retirement of Peter White

I'll leave the commentary to Andrew (Strawman) as he follows this company a LOT more closely than I do.  I do hold EVS in one of my RL portfolios and they are also one of the larger positions on my Strawman.com scorecard/portfolio.

I do not see anything particularly nasty in the numbers or in the immediate retirement of Peter White.  With the current COO taking over as the new CEO, it seems like an orderly transition.  

13-July-2020:  New Envirosuite (EVS) Company Video

"Envirosuite would like to present to you our new company video where we highlight our offering in Environmental Intelligence.  The video has been produced to mark the successful end of our integration with EMS Brüel & Kjær after acquiring the company in January 2020.  

"As we move into FY21, we have undertaken an extensive rebranding and messaging exercise to integrate both companies and strengthen our core product messaging with a focus on our powerful offerings in ‘Environmental Intelligence’. "

What is Environmental Intelligence?

"Environmental Intelligence harnesses the power of big data, artificial intelligence and analytics to produce real-time visualisations, predictive modelling and actionable insights that enable companies, governments and communities to make fast, confident decisions that optimise operational and environmental outcomes. 

"We look forward to bringing you more Envirosuite highlights and news in the coming months."

WATCH THE VIDEO

04-June-2020:  EVS June 2020 Company Presentation

27-March-2020:  Material win in China - Smart Water Solution

Just to book-end the week, one on Monday, and this one on Friday.

17 January 2020:  ASX Announcement by EVS of massive acquisition (of EMS Brüel & Kjaer Holdings)

Envirosuite to acquire EMS Brüel & Kjaer Holdings Pty Ltd

Key Highlights (excerpts) continued - see "#Jan 2020 EMS Acquisition" straw for the bulk of the details concerning this acquisition.

...continued...

New Shareholders

On completion of the Transaction, Macquarie will hold approximately 8% of EVS shares on an undiluted basis which will make Macquarie the largest single EVS shareholder.  This percentage would increase to approximately 14% if all options on issue (including those to be granted to Macquarie) are exercised.  Macquarie has a right to a nominee on the EVS board (“Board”), subject to completion of the Transaction.

On completion of the Transaction, Macquarie and EVS will enter into a two-year Referral Agreement under which Macquarie will procure certain introductions and/or referrals from the Macquarie Capital Business Group (being that part of the business carried out within Macquarie Group Limited, its holding companies and its and their subsidiary companies known as “Macquarie Capital”).  The Board believes that gaining such a strategic shareholder will help accelerate EVS’s global expansion significantly.

Spectris will hold approximately 1% of EVS shares on an undiluted basis (approximately 0.9% of EVS shares on a fully diluted basis).

17 January 2020:  ASX Announcement by EVS of massive acquisition (of EMS Brüel & Kjaer Holdings)

Envirosuite to acquire EMS Brüel & Kjaer Holdings Pty Ltd

Key Highlights (excerpts)

• EVS to acquire EMS - a leading global environmental noise solutions provider 
• The combination of Air Quality, Noise and Waste and Wastewater creates a comprehensive and world class environmental technology platform
• The acquisition provides scale and opens new industry and geographic distribution channels for the expanded solution offering
• The Transaction is expected to complete at the end of February 2020, and is subject to shareholder approval
• Acquisition funding secured after the successful completion of an underwritten institutional placement to new and existing investors

Envirosuite Limited (“EVS” or “the Company”)  (ASX: EVS) is pleased to announce that it has signed a binding agreement to acquire all of the share capital of EMS Bruel & Kjaer Holdings Pty Ltd (“EMS”) (“Transaction”). EMS is a leading global environmental technology group, headquartered in Melbourne, with over 400 customers in 40 countries and approximately 200 staff. EMS specialises in environmental noise and vibration monitoring and is the recognised market leader in addressing airport noise globally.

The underwritten institutional placement (“Placement”) to new and existing institutional and sophisticated investors will, on settlement, raise gross proceeds of A$70 million. Bell Potter Securities acted as sole Lead Manager and Underwriter for the Placement.

Transaction Details

EVS will purchase EMS, on a cash-free, debt free basis, from its shareholder group, comprising the majority shareholders Macquarie Corporate Holdings Pty Ltd (“Macquarie”) and Spectris Group Holdings Limited (“Spectris”), as well as the EMS founders whose nominees hold a minority shareholding.

EVS has agreed to a total consideration pursuant to a share sale agreement of:

• $70m cash, to be paid net of EMS debt and subject to a working capital adjustment, to Macquarie as at 50% and Spectris as to 50%;
• 80m new EVS shares, with 25m shares to be issued to Macquarie, 10m shares to be issued to Spectris, and 45m shares to be issued to the minority shareholders; and
• 95m options over EVS shares, to be granted as follows:
  • 75,000,000 options to Macquarie with an exercise price of $0.20 per share and an exercise period of three years from the date of grant; and
  • 20,000,000 options to nominee entities of the EMS founders, with an exercise price of $0.25 per share and an exercise period of three years from the date of grant.

In addition, EVS has agreed as part of the Transaction to issue to Macquarie 55m EVS shares as consideration pursuant to a referral agreement to be entered into subject to and on completion of the Transaction as set out below.

All consideration shares are subject to a twelve-month escrow period.  Any shares issued  pursuant to the exercise of consideration options will be escrowed for the balance of the twelve months from the date of option grant.

The consideration shares and consideration options to be issued by EVS as part of the Transaction consideration are fixed in number and not subject to recalculation at completion of the Transaction.

Completion of the Transaction is subject to applicable EVS shareholder approvals, including for the issue of the consideration shares and options.

Funding arrangements, including Share Purchase Plan

The $70m cash component of the Transaction consideration will be funded via the Placement, pursuant to which 350m EVS shares will be issued to institutional and sophisticated investors at $0.20 per share and which is underwritten by Bell Potter Securities.  

The Company will seek to raise an additional amount of approximately $5.5m via a placement of approximately 27.8m EVS shares at $0.20 per share to institutional and sophisticated investors including directors Hugh Robertson and Chairman David Johnstone (subject to shareholder approval), members of the EVS management team and their networks.

This placement will be managed by EVS directly (not underwritten) and the proceeds will be used to fund costs associated with the Transaction.

The Company also today announces a Share Purchase Plan (SPP) providing each shareholder the opportunity to subscribe for up to $30,000 worth of EVS shares at a price of $0.205 per share. The price has been set as close to the Placement share price as the rules for SPPs allow, being a share price that is no less than 80% of the volume weighted average price of EVS shares in the 5 trading days leading up to the date of this announcement. The SPP funds will be provisioned for additional working capital to support the integration and growth of the combined group.

A notice convening a general meeting of EVS will also be released today seeking the approval of EVS shareholders to resolutions pertaining to the Transaction and the funding arrangements.

--- continues in "#new shareholders" straw (due to 5,000 character limit on individual straws) ---