Slide 1: Leading the World in the Design and Construction of High Speed Aluminium Vessels
For personal use only LEADING THE WORLD IN THE DESIGN AND CONSTRUCTION OF HIGH SPEED ALUMINIUM VESSELS
Slide 2: Annual General Meeting 2007
For personal use only ANNUAL GENERAL MEETING 2007 Mr John Rothwell AO Executive Chairman
Slide 3: Overview
OVERVIEW For personal use only • Austal is a diversified shipbuilder based in Western Australia • Currently operates five shipyards, located in Western Australia, Tasmania and Mobile, Alabama (USA) • Austal has delivered or has on order more than 200 vessels for customers around the world • In exces
Slide 4: Global Market
GLOBAL MARKET For personal use only Sweden Norway Germany Estonia Denmark UK Ireland Greece Milwaukee New York Portugal Turkey Miami Canaries Spain Japan Bahamas Kuwait French Caribbean Saudi Arabia China Mexico Hong Kong Venezuela Oman Hawaii Yemen Malaysia Singapore Maldives Indonesia Darwin New C
Slide 5: Financial Summary
Financial Summary For personal use only 2006 2007 Revenue 389.0 543.6 EBIT 46.5 58.5 EBIT % 12.0% 10.8% Profit before tax 49.6 63.7 Tax Expense -5.4 -17.9 Net Profit 44.2 45.8 Basic EPS (cents) 22.4 24.4 (a) $ millions unless stated
Slide 6: 2006/07 Highlights
2006/07 Highlights For personal use only • Net Profit attributable to shareholders of $45.1 million • Return of large ferry orders from Hong Kong region • Purchase of shipyard in Tasmania to provide increased capacity • Acquired minority interest in Austal USA • Expansion of US workforce by 75% to o
Slide 7: Vessels Completed in FY 2007
Vessels Completed in FY 2007 For personal use only • 88 metre vessel for Turkey • 59 metre private cruise vessel • 16 metre Bermuda Police Boat • 5 x 57 metre RAN Patrol Boats • 107 metre vessel for Hawaii Superferry. • 37 metre private vessel
Slide 8: Outlook
Outlook For personal use only • Contracts on hand at 30 June amounted to $765 million • Commercial sales enquiries continue to be strong • Increasing focus on building capability in defence programs • Expansion of Tasmanian workforce • Continued expansion of US workforce to accommodate LCS & JHSV pr
Slide 9: Commercial Order Book
Commercial Order Book For personal use only • 1 x 107 metre vessel for Hawaii Superferry • 2 x 65 metre vessels for Sultanate of Oman. • 10 x 48 metre vessels for Cotai Strip (Macau) • 2 x 88 metre vessels for Middle East • 2 x 69 metre vessels for Middle East • 2 x 48 metre vessels for New World Fa
Slide 10: Defence Order Book
Defence Order Book For personal use only • 1 x 57 metre Patrol Boat for Royal Australian Navy • 2 x 127 metre Littoral Combat Ships for United States Navy
Slide 11: Employees
Employees For personal use only Total Employees: 2400 approx. Australia and USA yards combined Employees 1,600 1,400 1,200 1,000 800 600 400 200 - June 2004 June 2005 June 2006 June 2007 Australia USA Australian Statistics: • 270 apprentices employed • 170 person design team • 235 employees on 457 V
Slide 12: Advanced Ship Building
Advanced Ship Building For personal use only • Construction of precisely sized modules prior to main assembly • Commenced on larger scale with 10 x 48 metre vessels for Cotai Strip (Macau) • Simplification of drawings assisting on production floor • Introduction of Ship Constructor design software s
Slide 13: USA Yard Overview
For personal use only USA Yard Overview -
Slide 14: Australia vs US Revenue
Australia vs US Revenue For personal use only Australia vs US Revenue $ Millions 400 350 300 250 200 150 100 50 0 2003 2004 2005 2006 2007 Australia USA
Slide 15: Planned US Expansion
Planned US Expansion For personal use only • 100 acres of land acquired • Panel Construction Facility completed • Router Cutter & Fitout Facility (in progress) • 3rd large Erection Bay to accommodate 135 metre vessel • Modular Manufacturing Facility (Constructed in 2 phases) • Financial support from
Slide 16: US Navy – Littoral Combat Ship
US Navy – Littoral Combat Ship For personal use only LCS-2 “Independence” under construction at Artist’s impression of the 127 metre Austal USA, September 2007 trimaran LCS
Slide 17: Status of LCS
Status of LCS For personal use only • Austal USA is the designer and builder in the General Dynamics consortium • First vessel 70% complete and launching in Feb 2008 • Navy committed to LCS program, which currently stands at 55 vessels • Cancellation of Lockheed 2nd vessel • Navy have asked GD/Austa
Slide 18: LCS
LCS For personal use only “The Littoral Combat Ship program remains of critical importance to our Navy providing mine warfare, anti-submarine and anti-surface warfare capabilities” Admiral Michael G. Mullen, US Chief of Naval Operations. Statement before the Senate Armed Services Sub Committee on Se
Slide 19: Future Growth Prospects
For personal use only Future Growth Prospects
Slide 20: Joint High Speed Vessel
Joint High Speed Vessel For personal use only • Joint High Speed Vessel (JHSV) is an approved program by the US Army and Navy • Over 100 metres in length and US$130 million each • Concept similar to “WestPac Express” • Sept 2007 - Request for proposal released • Jan 2008 - Award preliminary design (
Slide 21: Australian Submarine Corporation
Australian Submarine Corporation For personal use only • Austal teamed with General Dynamics (51/49) basis • Sale likely to be concluded in second half of 2008 • Change of Federal Government not expected to impact sale other than delay slightly • Government stated that ASC must be at least 51% Austr
Slide 22: For personal use only
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Slide 23: Leading the World in the Design and Construction of High Speed Aluminium Vessels
For personal use only LEADING THE WORLD IN THE DESIGN AND CONSTRUCTION OF HIGH SPEED ALUMINIUM VESSELS