Orbital Corporation Ltd · ASX:OEC
Orbital — Shareholder Meeting (November 2021)
21 slides from Orbital's shareholder meeting presentation, Nov 16, 2021
Slide 1: 2021 Annual General Meeting
2021 Annual General Meeting 16 November 2021
Slide 2: Business of Meeting Resolutions
Orbital Corporation Limited Business of Meeting Resolutions © 2021 Orbital Australia Pty Ltd 2
Slide 3: Item 2. Financial Statements & Report
Item 2. Financial Statements & Report “To receive and consider the Financial Report, Directors’ Report and Auditor’s Report for the year ended 30 June 2021.” Further information: • Representatives from PricewaterhouseCoopers, the Company’s auditor, are present to answer any questions. • Please note:
Slide 4: Item 3. Remuneration Report
Item 3. Remuneration Report Resolution “To adopt the Remuneration Report for the year ended 30 June 2021.” FOR AGAINST OPEN 40,539,143 95.02% 1,774,521 4.16% 352,283 0.83% Further information: • The Remuneration Report can be found at pages 8 to 16 of the 2021 Annual Report. • The Board unanimously
Slide 5: Item 4. Re-election of Mr John Welborn
Item 4. Re-election of Mr John Welborn Resolution “That, for the purposes of ASX Listing Rule 14.4, article 9.3 of the Company’s constitution and for all other purposes, Mr John Welborn be re-elected as a Director.” FOR AGAINST OPEN 40,579,572 95.05% 1,736,632 4.07% 377,585 0.88% Further information
Slide 6: Item 5. Additional Capacity to Issue Securities
Item 5. Additional Capacity to Issue Securities Resolution That, for the purposes of ASX Listing Rule 7.1A and for all other purposes, Shareholders approve the issue of equity securities (as defined in the ASX Listing Rules, Equity Securities) of up to 10% of the issued capital of the Company (at th
Slide 7: Chairman's Address Mr John Welborn
Chairman’s Address Mr John Welborn © 2021 Orbital Australia Pty Ltd 7
Slide 8: 2021 Annual General Meeting CEO's Presentation
2021 Annual General Meeting CEO’s Presentation 16 November 2021
Slide 9: World leader in integrated engine systems for military drones
World leader in the design and manufacture of integrated engine systems for military drones* (* Tactical Unmanned Aerial Vehicles ‘UAVs’) © 2021 Orbital Australia Pty Ltd 9
Slide 10: 2021 highlights
2021 highlights FY21 revenue $31.2M Two new engine development programs with Textron Systems First prototype engine delivered to Textron Systems for flight testing Two engine systems delivered to Singapore customer for evaluation New MoU with Skyways, a pioneer in US Navy unmanned cargo transport Re
Slide 11: Financial highlights
Financial highlights Revenue • Revenue stability in FY21 50 45 40 • Significant progress on 35 30 A$M customer diversification 25 20 34 32 15 10 21 • Major development programs 5 12 14 15 commenced with potential to 0 FY16 FY17 FY18 FY19 FY20 FY21 FY22 boost future revenues Financial Year Positioned
Slide 12: Customer portfolio
Customer portfolio March 2020 SINGAPORE Engine design & • Long Term Agreement DEFENCE development contract with Signed in 2016 COMPANY one of Singapore’s largest • Expanded in 2018 defence companies • Primary Supplier in 2020 April 2020 Contract to design and develop a hybrid propulsion system for t
Slide 13: Boeing-Insitu
Boeing-Insitu Status of Boeing-Insitu Market Long Term Agreement 1. Increasing competition within tactical UAV market 1. 2. Production volumes Production transferred to downgraded in February 2021 Australia to drive efficiencies 2. U.S. military withdrawal from Afghanistan impacting near-term 3. Int
Slide 14: Textron Systems
Textron Systems 1. Engine development program & supply agreement1 2. Program to develop upgrades for existing fleet of UAV engines2 • Integration of an Orbital UAV core engine and • Upgraded engines are targeting increased engine control system into Textron Systems’ take-off power and improved real-
Slide 15: Full value proposition
Full value proposition Delivering customer benefits across our value proposition Modular Family Integrated of Engines Core Engines Sub-Systems Technology Modular approach offers customer flexibility and rapid Proprietary technology, Bespoke engines meet ‘Plug and play’ integrated system deployment.
Slide 16: Production line investment
Production line investment SINGAPORE DEFENCE COMPANY * * * For illustrative purposes only FY21 FY22 FY23 Successful $A6.5M equity raise to support contracted development programs © 2021 Orbital Australia Pty Ltd 16
Slide 17: Future market opportunities
Future market opportunities US & Australian Defence programs represent mid-term growth opportunities © 2021 Orbital Australia Pty Ltd 17
Slide 18: Supporting Sovereign Capability
Supporting Sovereign Capability Positioned to support Sovereign Industrial Capability Priorities (SCIPs) $2 billion identified for ISR & tactical UAV programs Collaboration with industry & university partners to support R&D opportunities Developing local supply chains to drive capability and efficie
Slide 19: Closing remarks
Closing remarks Continued execution on customer diversification strategy Delivering a growing tier 1 customer portfolio Strong State and Federal Government support to grow sovereign capability Growth opportunities nationally and globally Positioned for profitability in Financial Year 2022 © 2021 Orb
Slide 20: Corporate overview
Corporate overview Share Capital As at 15 November 2021 Our FY22 Objectives • Return to profitability Fully Paid Ordinary Shares 90.9M • Investment in new production lines Closing share price $0.50 • Generating positive operational cash flows • Deliver shareholder value Market Capitalisation $45.5M
Slide 21: www.orbitaluav.com
ORBITAL Ready to fly..." www.orbitaluav.com in ¥