Slide 1: FY22 Results Presentation
VEEM LTD INVESTOR PRESENTATION MARCH 2020 VEEM LTD FY22 RESULTS PRESENTATION 19 AUGUST 2022 PRINCESS YACHTS
Slide 2: Disclaimer
DISCLAIMER THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT PAST PERFORMANCE This document, including the information contained in this disclaimer, is not a prospectus, product disclosure Past performance information in this document is given for illustration purposes only and should not
Slide 3: FY22 in Review
FY22 in Review Revenues of $54m. Propulsion and engineering products and services were 01 strong in FY22. Defence reduced due to completed major contracts, gyro unit numbers steady, but revenue less. Revenue, EBITDA and NPAT down on the prior year due to raw materials and 02 freight cost increases,
Slide 4: FY22 Full Year Financial Results Summary
FY22 Full Year Financial Results Summary FY21 FY22 (Excluding Jobkeeper*) % Change A$mil. A$mil. Revenue 54.2 59.5 -9% EBITDA 6.1 8.7 -30% Profit before Tax 1.4 4.4 -68% Net Profit after Tax (NPAT) 1.3 3.8 -67% Earnings Per Share (EPS)(cents) 0.93 2.95 -67% Cash Flow From Operations 2.5 4.1 -38% Net
Slide 5: Gyrostabilizers
Gyrostabilizers • VEEM sold 12 gyros (in line with prior year) worth $5.5m in FY22 and had orders on hand of $1.3m at 30 June 2022. Current orders on hand is $2.4m. • VEEM maintains the dominant position as the only major supplier in the large marine gyrostabilizer market (est. US$1.1bn for new buil
Slide 6: Propulsion
Propulsion • Sales of propellers and shaft lines totalled $20.7 million for FY22, up 26% on FY21, on the back of very strong demand for recreational boating products globally. • New key superyacht builders added VEEM as a primary supplier, with some requesting possible long-term, volume-based contra
Slide 7: Defence
Defence • As expected, revenue from the defence sector was down 39% to $14.3 million in FY22, with revenue from both ASC ($7.2 million) and Austal ($4.7 million) lower on the prior year. • Deliveries for the next Collins Class FCD order ($9m) commenced in FY22 along with the normal levels of spares.
Slide 8: Engineering Products and Services
Engineering Products and Services • VEEM’s traditional engineering and industrial products business was a strong contributor to profits and margins with revenue of $8.4 million for the year, up 20% of FY21 (includes hollow bar, excludes defence). • This growth was due partly to strong demand from th
Slide 9: Outlook
Outlook • FY22 challenges have been met and dealt with and the Company is in a strong position with an existing robust core business. • VEEM Gyro product continues to improve and VEEM is the dominant player in the global marine market estimated at US$1.1bn for new builds and US$13.5bn for retrofits
Slide 10: Q&A
Q&A 10
Slide 11: Appendices
VEEM LTD INVESTOR PRESENTATION MARCH 2020 APPENDICES PRINCESS YACHTS
Slide 12: Corporate Overview
Corporate Overview Corporate Snapshot 12-MONTH SHARE PRICE PERFORMANCE $1.60 6 Millions ASX Code VEE $1.40 5 $1.20 Share Price (18 August 2022) $0.55 4 $1.00 Market Capitalisation (18 August 2022) $75m $0.80 3 Shares on Issue 136m $0.60 2 $0.40 1 $0.20 Substantial Shareholders $0.00 0 Miocevich Fami
Slide 13: FY21 Financial Results Reconciliation
FY21 Financial Results Reconciliation FY21 FY21 JobKeeper Audited Result Excluding JobKeeper A$mil. A$mil. A$mil. Revenue 59.5 - 59.5 EBITDA 10.2 1.5 8.7 Profit before Tax 5.9 1.5 4.4 Net Profit after Tax (NPAT) 4.9 1.1 3.8 Earnings Per Share (EPS)(cents) 3.78 0.83 2.95 Cash Flow From Operations 6.3
Slide 14: Contact VEEM LTD
Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich David Rich Ben Larsen Managing Director CFO MARCH Investor 2020 Relations & Media +61 8 9455 9355 +61 8 9455 9355 +61 439 789 842 benl@nwrcommunications.com.au @VEEM_Ltd VEEM_Ltd PRINCESS YACHTS