Slide 1: Investor Presentation FY20 Full Year Financial Results
Investor Presentation FY20 Full Year Financial Results 28 August 2020
Slide 2: Cautionary statement
Cautionary statement This presentation includes statements looking-forward that involve risks and uncertainties. These statements are based upon management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factor
Slide 3: Presentation summary
Presentation summary FY20 revenue $33.8M (FY20 revenue guidance $25M to $35M) Primary engine supplier to Insitu Inc. (a Boeing Company) Two of five engine models in production for Insitu, third engine model in development New engine development contracts with Northrop Grumman and one of Singapore’s
Slide 4: Statement on COVID-19
Statement on COVID-19 Like many businesses in Australia, the USA and around the Customers As an advanced aerospace manufacturer supplying global defence prime world, Orbital UAV is closely monitoring business risks contractors, our product demand remains unaffected by the COVID-19 outbreak presented
Slide 5: Business Overview
Business Overview © 2020 Orbital Australia Pty Ltd 5
Slide 6: What we do
What we do World leader in the design and manufacture of integrated engine systems for tactical unmanned aerial vehicles (UAVs) © 2020 Orbital Australia Pty Ltd Images: Insitu’s Integrator UAV (left) and ScanEagle3 UAV (right) 6
Slide 7: UAV landscape
UAV landscape Example: MQ-9 Reaper • Price per aircraft: $55 million - $65 million* • Payload: up to 1,700 kg Combat UAV • • Length: up to 11 m Wingspan: up to 20 m • Max endurance: 27 hours • Max altitude: 50,000 ft Example: ScanEagle3 CURRENT FOCUS • Price per aircraft: $3.5 million - $6 million p
Slide 8: Our unique service offering
Our unique service offering Tactical UAV Image: ScanEagle3, courtesy Insitu Inc. Fully assembled and mission ready propulsion systems Orbital UAV Others Time between overhaul 500 hrs ~50 hrs Cold start to launch 2 min >20 min x3 U.S. FAR33.49 endurance test Yes No © 2020 Orbital Australia Pty Ltd 8
Slide 9: What we delivered in FY20
What we delivered in FY20 New hybrid engine Appointment New Two engine models development contract of former Designated engine development in full production with leading aerospace U.S. Army Colonel Primary Supplier Status contract with large under Insitu and defence Keith Hirschman – by Insitu Sing
Slide 10: Our Tier 1 client base
Our Tier 1 client base Designated Primary Supplier Status Delivering flight critical for 5 engine models to power Insitu’s components since 2013 entire fleet of UAVs SINGAPORE DEFENCE COMPANY Contract to design and develop a hybrid New engine design & development propulsion system for the next gener
Slide 11: FY20 Financials
FY20 Financials © 2020 Orbital Australia Pty Ltd 11
Slide 12: Corporate overview
Corporate overview Capital Structure As at 30 June 2020 Our Financial Focus Fully Paid Ordinary Shares 77.5M • Year-on-year revenue growth • Transition to sustainable underlying earnings Closing share price $0.745 • Commitment to ongoing profitability Market Capitalisation $57.7M • Strong balance sh
Slide 13: Profit & Loss
Profit & Loss Revenue $33.8M Gross profit $13.3M Overheads ($13.0M) Other income (net) $3.9M EBITDA $4.2M Net profit after tax $1.9M © 2020 Orbital Australia Pty Ltd 13
Slide 14: Balance sheet
Balance sheet Total current assets $24.8M Total non-current assets $13M Total assets $37.8M Total current liability ($12.9M) Total non-current liabilities ($6.8M) Total liabilities ($19.7M) Net assets $18.1M © 2020 Orbital Australia Pty Ltd 14
Slide 15: Cash flows
Cash flows Net cash from operating activities $3.7M Net cash from investing activities ($0.6M) Net cash in financing activities ($1.3M) Net increase in cash $1.8M Cash & cash equivalents $8.7M © 2020 Orbital Australia Pty Ltd 15
Slide 16: Outlook
Outlook © 2020 Orbital Australia Pty Ltd 16
Slide 17: Revenue guidance FY21
Revenue guidance FY21 Targeting Revenue of $40M - $50M in FY21 Sale of propulsion systems New customer engineering under Insitu Long Term Agreement development programs Delivering improving earnings and profitability © 2020 Orbital Australia Pty Ltd 17
Slide 18: Delivering on the Insitu Long Term Agreement
Delivering on the Insitu Long Term Agreement Orbital UAV was designated Insitu’s primary engine supplier for the To power Insitu’s 5 engine models covered by the Long Term Agreement in March 2020 entire UAV fleet Status: Status: 3. ScanEagle2 1. Status: 4. Development timeline TBD Integrator™ Status
Slide 19: Business development
Business development Two engines in Third engine production in production H2 FY21 Engine development work underway for Targeting Northrop Grumman additional new customer contracts Engine development work underway and involvement in for and Singapore defence company Defence UAV programs © 2020 Orbita
Slide 20: Next steps
Next steps Supply Chain Security Hood River United States Supporting Sovereign Perth Defence Capabilities Australia U.S. Army FTUAS Program Defence UAV Programs ADF LAND129 Program © 2020 Orbital Australia Pty Ltd 20
Slide 21: Todd Alder www.orbitaluav.com Ian Donabie
Todd Alder Ian Donabie Managing Director / CEO www.orbitaluav.com Corporate Communications Manager +61 8 9441 2311 +61 8 9441 2165 contact@orbitalcorp.com.au idonabie@orbitalcorp.com.au