Veem Ltd. · ASX:VEE
Veem — Euroz Hartleys Rottnest Conference 2021
14 slides from Veem's conference presentation, Mar 11, 2021
Slide 1: VEEM Ltd Investor Presentation
VEEM LTD VEEM INVESTOR LTD PRESENTATION VEEM GYROS MARCHPRESENTATION 2020 EUROZ HARTLEYS ROTTNEST CONFERENCE 10 MARCH 2021 PRINCESS YACHTS
Slide 2: Disclaimer
DISCLAIMER THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT Past performance information in this document is given for illustration purposes only and should not be relied upon as This document, including the information contained in this disclaimer, is not a prospectus, product disclosure
Slide 3: VEEM Core Businesses
VEEM Core Businesses Today’s focus Engineering Products and Gyrostabilizers Services Propulsion Defence VEEM Gyros are the major VEEM’s original core business In simple terms VEEM VEEM has a long history growth business within VEEM. still generates reliable profits manufactures the world’s as a supp
Slide 4: VEEM Gyros – The Four Pillars are in Place
4 VEEM Gyros – The Four Pillars are in Place Sales & Marketing Global Supply Chain Production Capability Engineering & Design
Slide 5: Engineering & Design
Engineering & Design Commenced in 2011 with the purchase of a local company Halcyon. The inventor Paul Steinmann is still with us today. First gyro installed 2015 and fitted to a superyacht in Sydney Six models designed over three frame sizes covering a range of monohull vessels from 70 tons to 3000
Slide 6: Production Capability
Production Capability 4,000m2 dedicated gyro assembly hall that can handle up to $100m of gyros per annum. This includes large cranes, storage and a significant hydraulic driven gyro test rig for each frame size. A dedicated team of experienced trades people has been assembled for the gyro program a
Slide 7: Global Supply Chain
Global Supply Chain Ability to source components at or around world’s best pricing and quality. Ability to have multiply supply sources to guarantee supply. Natural hedge on ~55% of the costs of a gyro through purchases in USD. All sales in USD. Dedicated procurement team in place with the back up a
Slide 8: Sales & Marketing
Sales & Marketing Initially the marketing effort had to be focused on educating the industry players on what the gyro was and could do. Part of this was taking the VEEM boat to Europe. Sale of VEEM Gyros ($m) $4.0 Second phase was to be able to work with ship builders to help them integrate a gyro i
Slide 9: Significant Supply Agreement with Damen Shipyards
Significant Supply Agreement with Damen Shipyards VEEM signed a three-year frame agreement with Damen Shipyards for the supply of VEEM Gyros. Damen sells 175 small ships per year, including 20 FCS vessels. They are the largest small ship builder in the world and the second large shipbuilder in Europ
Slide 10: Summary Gyro Outlook – Sales Trend Expected to Continue
Summary Gyro Outlook – Sales Trend Expected to Continue With the Damen supply agreement Superyacht market Additional stabilization enhances the Defence take-up is expected to already in place, the rapid adoption of take-up of the product is commercial argument for installing a mature over a longer p
Slide 11: VEEM Gyro Customers – Who's Who of Prestige Shipbuilders
VEEM Gyro Customers – Who’s Who of Prestige Shipbuilders New gyro facility running as designed. Estimate can handle up to $100m of orders per annum. Now building to plan and not order, to increase efficiencies. 11
Slide 12: Outlook – Traditional VEEM Core Businesses
Outlook – Traditional VEEM Core Businesses PROPULSION DEFENCE ENGINEERING PRODUCTS & SERVICES • Expected to grow due to increased • FY2021 will be a solid year for defence • Continuing to bid on work across the demand globally. with the bulk of the $9 million submarine country where utilisation of t
Slide 13: Corporate Overview
Corporate Overview 12-MONTH SHARE PRICE PERFORMANCE Corporate Snapshot 2 Millions $1.00 ASX Code VEE 1.8 1.6 Share Price (5 Mar 2021) $1.00 $0.80 1.4 Market Capitalisation (5 Mar 2021) $130m 1.2 $0.60 Shares on Issue 130m 1 0.8 $0.40 Substantial Shareholders 0.6 0.4 $0.20 Miocevich Family 61.54% 0.2
Slide 14: Contact VEEM Ltd
Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich David Rich Simon Hinsley Managing Director CFO MARCH Investor 2020Relations & Media +61 8 9455 9355 +61 8 9455 9355 +61 401 809 653 simon@nwrcommunications.com.au @VEEM_Ltd VEEM_Ltd PRINCESS YACHTS