Below is a cut and past from last years AGM presentation Refers...

Below is a cut and past from last years AGM presentation
Refers to considering maiden dividend in FY 2024.

I guess we are in FY2024 as of today ??????






FY23 Outlook and Budget
VYSARN LIMITED ASX:VYS8
Strong NPBT growth anticipated
▪ FY23 NPBT of $5.1m (up 25% from $4.1m in FY22).
▪ Tax benefits of $11.27m used to offset company tax
Record 2HFY23 anticipated
▪ Budgeted record 2HFY23 anticipated to be indicative of
potential earnings baseline performance going forward.
Capital management
▪ Given the fundamental nature of the business and
operations and subject to ongoing capital requirements,
the Board is considering a maiden dividend in FY24.
VYSARN LIMITED ASX:VYS
FY23 Outlook FY23 – Budgeted Earnings*
Pentium Hydro (Hydrogeological Drilling)
▪ Within the 1HFY23 period Pentium Hydro has been positioned to now
solely service tier-1 mining clients under multi-year, multi-rig contracts.
▪ Rigs will be deployed across BHP, FMG and Roy Hill Iron Ore.
▪ To achieve this, multiple rigs have had to be pulled from the field for
compliance upgrades in 1HFY23 to meet stringent BHP standards but will
in turn provide long-term deployment with increased margins.
▪ The strategic decision to upgrade rigs for BHP will:
o Negatively impact 1HFY23, resulting in softer earnings.
o Positively impact 2HFY23, resulting in budgeted record half and full
year earnings.*
Pentium Water (Consultancy)
▪ Earnings increasing beyond start up expectations and is providing access
to a wide spectrum of growth opportunities across the Company.
Pentium Test Pumping (Test Pumping)
▪ Utilisation and earnings strong under the contract with FMG, which will
continue to provide a reliable earnings contribution in FY23.
Project Engineering (Managed Aquifer Recharge)
▪ Acquisition settlement October 2022, will provide valuable earnings in
FY23 as disclosed on the ASX 5 October 2022.
Vysarn Concept Joint Venture (Fluid Containment Solutions)
▪ There are currently no budgeted earnings for FY23. An initial pipeline of
potential projects has been identified. An early project win and execution
may provide earnings upside in the period.
* Budget based on contracted work and full asset deployment in 2HFY23 with no significant rig downtime events such
as prolonged wet weather, major mechanical breakdowns, contract terminations and COVID lockdowns.
8
Group Contracts: Tier-1 Agreements
▪ Contracts with BHP, FMG and Roy Hill Iron Ore deliver:
o Long term and predictable asset deployment
o Increased 2HFY23 rates and improved margins
Pentium Hydro: Contribution of subsidiary record half
▪ Budgeted record 2HFY23 EBITDA of ~$6.1m (from
Pentium Hydro) anticipated to be indicative of baseline
earnings performance going forward (prior to earnings
growth initiatives – refer to slide 11)
Contribution of new business units
▪ New business units are positioned to reach budget,
whilst providing a robust platform for material earnings
growth going forward.