Austin Engineering Limited · ASX:ANG
Austin Engineering — Shareholder Meeting (November 2008)
18 slides from Austin Engineering's shareholder meeting presentation, Nov 28, 2008
Slide 1: 2008 Annual General Meeting
For personal use only 2008 annual general meeting 28 November 2008 Melbourne
Slide 2: Agenda
agenda For personal use only Chairman’s address Managing Director’s address AGM formalities Close and opportunity to meet over refreshments 2008 annual general meeting
Slide 3: Snapshot
snapshot For personal use only Key 2008 financial data EBIT $17.05m Net profit $11.54m EPS 24.73c Annual dividend per share 7.5c Dividend payout ratio range 25-40% Board and executive team Peter Fitch Chairman Michael Buckland Managing Director Peter Pursey Non-Exec Director Eugene Fung Non-Exec Dir
Slide 4: Key achievements in FY 2007/08
key achievements in FY 2007/08 For personal use only Record results, with EBIT up 133% to $17.05m and NPAT up 132% to $11.54m from previous year Total annual dividend per share increased to 7.5c, up 88% from previous year Improved operational performance across the existing Australian business units
Slide 5: Key achievements in FY 2007/08
key achievements in FY 2007/08 For personal use only Further positioning and consolidation within the Australian market as a leading national provider of mining products and services Global market footprint, engineering capabilities and product range significantly strengthened through the acquisitio
Slide 6: Financial results overview FY 2007/08
financial results overview FY 2007/08 For personal use only Significant increases in volumes and performance: FY2007/08 FY2006/07 Increase $m $m % Significant EBIT and NPAT volume increases flowing from higher Revenue 106.34 57.50 85% revenue base, which includes a full EBITDA 18.86 8.46 123% year o
Slide 7: Financial results overview FY 2007/08: balance sheet
financial results overview FY 2007/08 For personal use only Significant balance sheet growth and strengthening: 30 June 2008 30 June 2007 Increase Tangible asset growth flowing from $m $m % quality business acquisitions and growth in operations Working capital 12.14 7.88 54% Continued strong, positi
Slide 8: Financial results overview FY 2007/08: cash flow
financial results overview FY 2007/08 For personal use only Strong operational cash flows and free cash resources: Strong operational cash flow in the FY2007/08 FY2006/07 year reflects improved underlying $m $m operational performance Operating cashflow 13.48 3.67 Ongoing benefit of advance progress
Slide 9: FY 2008/09 business update – Australian operations
FY 2008/09 business update – australian operations For personal use only Continuing high levels of activity and capacity utilisation to date across all operations Financial performance to date tracking as planned with strong operational cashflow High level of enquiries and tendering activity for the
Slide 10: FY 2008/09 business update – Australian operations
FY 2008/09 business update - australian operations For personal use only Demands on capacity - particularly tightening steel supplies and labour availability - successfully managed in order to meet customer delivery requirements Early signs of reductions in steel supply costs and increased labour av
Slide 11: FY 2008/09 business update – international operations
FY 2008/09 business update - international operations For personal use only Continuing high level of activity at Westech operations in Casper, Wyoming, over the first four months of current financial year Mining and resources business sector - and demand for Westech’s mining products and services -
Slide 12: FY 2008/09 business update – market analysis
FY 2008/09 business update - market analysis For personal use only Australian mining sector has experienced an unprecedented level of activity in recent years This has presented significant operational challenges to all participants in the mining services sector and led to an intensively competitive
Slide 13: Market position and points of differentiation
austinengineering - market position and points of differentiation For personal use only Niche market: Austin operates in a market with limited competition on a worldwide basis Industry players are fragmented and regional, with limited or no national/international presence Product and service capabil
Slide 14: Market position and points of differentiation
austinengineering - market position and points of differentiation For personal use only Sustainable business model: Proven productivity and profitability improvements from superior product designs Significant international market opportunities utilising the existing business strategy and model Finan
Slide 15: Business strategy
business strategy For personal use only Continued expansion of the Westech product range domestically and internationally Target further productivity, efficiency and margin improvements through coordinated procurement of key supplies on an international basis, investment in further automation and ma
Slide 16: South America – an area of immediate and particular focus
south america - an area of immediate and particular focus For personal use only Following recent meetings with the major mining companies the presence of Austin’s product range would be extremely well received and accepted in South America Discussions have commenced with an established and recognise
Slide 17: Outlook
outlook For personal use only High level of productive activity for current financial year FY 2008/09 with no signs of it abating Workload base for FY 2009/10 beginning to fill up Continuing high level of tendering and enquiry activity A number of large and significant projects actively being pursue
Slide 18: For personal use only
For personal use only World’s largest non-OEM designer and manufacturer of mining dump truck bodies For more information please visit www.austineng.com.au Disclaimer: Austin Engineering Limited has made every effort to ensure the accuracy of information contained in this presentation. This presentat
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