Taylors buy recommendation, page-3

This is a very well constructed and well considered research report and well worth the read. Highly recommended.

The Company should get approval to use this report in its IR program.

Key takeaways:

1. Management aligned with shareholders thru significant shareholdings and LTIP;
2. EGL should be a major beneficiary of the ESG tailwinds;
3. Solid core businesses should deliver FY22 EBITDA $3.8-$5m; and
4. EGL has significant upside thru EGL Water and EGL Waste.

A rare mix of core revenue and earnings augmented by significant upside potential in the form of a patented PFAS solution, exposure to rare earth and battery metal refineries, and low risk entry into the waste recycling market.

These attributes make EGL a prime candidate for the burgeoning ESG investment sector where EGL should focus its IR program.

IMO
DYOR

Clare