Veem Ltd. · ASX:VEE
Veem — Euroz Conference March 2019
23 slides from Veem's conference presentation, Mar 12, 2019
Slide 1: Euroz Conference Presentation March 2019
For personal use only Euroz Conference Presentation March 2019
Slide 2: Disclaimer
Disclaimer For personal use only THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT This document, including the information contained in this disclaimer, is not a prospectus, product disclosure statement or other disclosure document and does not constitute, or form any part of, an offer to
Slide 3: Lets talk about bells....
Lets talk about bells.... For personal use only VEEM recently cast the biggest swinging bell in the southern hemisphere – 6.5 tonnes.
Slide 4: Overview
Overview For personal use only Established and highly regarded industry leader VEEM is a Perth based high-technology specialist manufacturer of premium marine propulsion and gyro- stabilisation systems Passionate about design and engineering excellence An industry leader with an outstanding br
Slide 5: Company Overview
Company Overview For personal use only The VEEM Board VEEM Key Management VEE Brad Miocevich Bruce Bell ASX Code Chairman Commercial Manager Mark Miocevich Managing Director & CEO Steven Vidakovic $0.56 Ian Barsden Business Development Manager- Share Price Non Executive Director Tracy Caudwell Mike
Slide 6: Our Business
For personal use only OUR BUSINESS
Slide 7: VEEM Propellers
VEEM Propellers For personal use only World’s most advanced CNC fixed pitch propellers able to operate at higher speeds - up to 54 knots. VEEM patented “Interceptor” pitch changing technology. World’s most advanced fixed pitch propeller manufacturing facilities – now up to 4.6m in diameter. Ro
Slide 8: Conquest Propellers
Conquest Propellers For personal use only Conquest Propeller have been developed to specifically meet the demands of the replacement propeller market Since the release of Conquest in 2016, VEEM has been actively engaging propeller distributors around the world. Current number of dealers and stoc
Slide 9: Propulsion Packages
Propulsion Packages For personal use only Shaftlines packages now moving into commercial phase. New software to auto calculate, design and draw shaft lines completed and in use. Software provides minimal cost designs for shaft lines to all major surveying authorities. Working on new high effic
Slide 10: Gyroscopic Stabilisers
Gyroscopic Stabilisers For personal use only VEEM Gyros are designed and packaged to reduce vessel roll which increases comfort and vessel operational performance in all sea conditions. VEEM Gyro Range Size Model Torque Boat size (approx. per 1 unit) Small VG120SD 120k Nm 25 to 30m Small VG145SD 145
Slide 11: FY18 Financial Result
For personal use only FY18 FINANCIAL RESULT
Slide 12: FY18 & 1HFY19 Financial Result
FY18 & 1HFY19 FINANCIAL RESULT For personal use only FY18 was another productive year for VEEM Ltd. Due to the cyclical nature of the submarine refit FY18 1HFY19 program, revenue for FY2018 was impacted by lower sales in this area, however other sales in the Operating Revenue $40.71m $20.37m Compa
Slide 13: Market Update
For personal use only MARKET UPDATE
Slide 14: Market Update: VEEM Gyros
Market Update For personal use only Solid progress made already in FYTD VEEM Gyros $3,350,000 orders currently in hand. Successful sea trials of VG260SD sea trials on Damen FCS 7011 in the Netherlands. First VG1000SD ordered by Damen Ships, delivery December 2019. Gyro design and development
Slide 15: Market Update: VEEM Gyros (cont.)
Market Update For personal use only Solid progress made already in FYTD VEEM Gyros (cont.) Steve Vidakovic re-commenced at VEEM Jan 2019, to anchor international marine sales team. New gyro assembly hall commenced in Canning Vale, completion June 2019. Increased exposure in the US market in Ma
Slide 16: Market Update cont.: Defence and Propulsion
Market Update cont. For personal use only Solid progress made already in FYTD Defence Full cycle submarine docking valve orders are due in the next 12 months. Pacific Patrol Boat shaft line won, tender process underway with Future Frigate and new Subs. Fin ride control work load is strong for
Slide 17: Continued Strategy and Drivers for Growth
Continued Strategy and Drivers for Growth For personal use only Strategy Drivers for Growth VEEM has strong capability and sees specific Sales and Marketing via third party growth opportunities in: distributors and agents VEEM’s High-end marine propellers and shaft lines Continuous research an
Slide 18: Summary
Summary For personal use only Total world domination for marine propulsion and gyro stabilization Traction and engagement with key OEMs growing, Gyro sales increasing. Gyros continue to meet technical expectation. Defence component remains strong – PPB contract award, Future Frigate, submarine
Slide 19: Appendices
For personal use only APPENDICES
Slide 20: Where we came from?
Where we came from? For personal use only For a long time, partly due to our location and markets, VEEM was a manufacturer of anything and everything. VEEM has supplied to: Boeing and Airbus (B737, A320 components) CERN Large Hadron Collider (radiation shields) precision hull valves to submari
Slide 21: Our skills
Our skills For personal use only As a result we had developed a wide capability and capacity of engineering skills including: Detail engineering design Hydrodynamics 3D modelling Programming Electronics High compliance casting - Produce over 250 types of alloys. CNC machining Robotic
Slide 22: Business History
Business History For personal use only 2012 Continuing our story 2005/6 New workshops Fast loop combining Osborne manufacturing Park into Canning process Vale implemented four year $30m LCS contract 2016 with Austal Conquest Ships secured Propellers 2000 2006/7 released 1987 Propeller Interceptor 20
Slide 23: What and Who are we now?
What and Who are we now? For personal use only Eventually we realised that we were a Manufacturer of Sophisticated Marine Products with one unique VEEM product that we were selling globally. This recognition led us to developing more marine products to build our future on. Products like VEEM gyros,