Austin Engineering Limited · ASX:ANG
Austin Engineering — Goldman Sachs JBWere Micro Cap Conference 2010
14 slides from Austin Engineering's conference presentation, May 28, 2010
Slide 1: Goldman Sachs JBWere Micro Cap Conference
austinengineerning.- ssGoldman Sachs JBWere Micro Cap Conference “(= 28 May 2010 (© For personal use MINING & EARTHMOVING PRODUCTS WESTECH —_—_————— CUSTOM MINING EQUIPMENT
Slide 2: About Austin
About Austin For personal use only ASX listed designer, manufacturer and provider of specialised mining products and services World’s largest non-OEM designer and manufacturer of mining dump truck bodies Other key product lines include excavator buckets, service modules, tyre handlers and other spec
Slide 3: Snapshot
Snapshot For personal use only Share price performance May 2009 to May 2010 Key FY09 financial data Revenue $179m EBIT $21.6m Net profit $14.8m EPS 31.39c Dividends per share (ff) 8.0c Dividend policy 25-40% payout ratio Board and executive team Peter Fitch Chairman Michael Buckland Managing Directo
Slide 4: For personal use only
AUSTIN ENGINEERING ie) BUILDING SUCCESS i, Be : Pro aan CUSTOM MINING EQUIPMEN
Slide 5: Key Business Drivers
Key Business Drivers For personal use only Niche market: Austin operates in a market with limited competition on a worldwide basis Competitors are fragmented and regional, with limited or no national/international presence Product and service capability: Proven JEC and Westech product ranges are rec
Slide 6: Key Business Drivers
Key Business Drivers For personal use only Product life cycles: Products are manufactured for new mines or mine expansion programs requiring new equipment Products also manufactured for mines where existing equipment (such as dump truck bodies) requires to be replaced after 3-4 years of operation Ca
Slide 7: Financial Results Snapshot FY05-HY10
Financial Results Snapshot FY05-HY10 For personal use only Revenue ($m) EBIT* ($m) 200 CAGR FY05‐HY10: 32% 24 CAGR FY05‐HY10: 54% 180 22 2H 20 2H 160 18 140 IH IH 9.5 85 16 120 14 100 12 10.1 80 10 63 8 60 6 12.1 28 95 4.0 11.0 40 23 67 4 7.0 20 23 43 2 26 29 1.5 0.5 2.7 3.3 15 0 0 FY05 FY06 FY07 FY
Slide 8: Financial Results Snapshot - HY09/10
Financial Results Snapshot - HY09/10 For personal use only Significantly improved business conditions in Australia in the first quarter of the FY 09/10 financial year and a return to normal conditions in the second HY 09/10 HY 08/09 quarter, leading to higher levels of activity $m $m Change Subdued
Slide 9: Balance Sheet Snapshot - HY09/10
Balance Sheet Snapshot - HY09/10 For personal use only Continued balance sheet strength reflecting underlying solid operational Dec 09 Jun 09 $m $m Change performance and profitability Working capital 10.84 7.89 +37% Balance sheet also strengthened with completion of $31m capital raising program in
Slide 10: Australian Operations
Australian Operations For personal use only East Coast: Largely services the key coal mining regions of Bowen Basin in Central Queensland and Hunter Valley in New South Wales Substantial workshop operations based in Brisbane and Mackay Activity in the region is solid, with further expansions of exis
Slide 11: American Operations
American Operations For personal use only North America: Westech has been an established and well-respected dump truck body manufacturer for over 40 years Focus on light to mid-light-weight tailor-made dump truck body designs with wide industry acceptance and proven capabilities The acquisition of W
Slide 12: Middle East Operations
Middle East Operations For personal use only Middle East operations established in 2005 and commenced in 2006 through a jv arrangement with Special Technical Services LLC (“STS”), a well- respected and established operator in the engineering and oil and gas business sectors in the region Principally
Slide 13: Outlook
Outlook For personal use only Australian markets continuing to show improvement, with high levels of tendering and enquiry activity for equipment needs in FY10/11 Expansionary programs to increase production and output likely to continue to gain pace, particularly in Australia and South America Busi
Slide 14: For personal use only
X AUSTIN ENGINEERING _B BUILDING SUCCESS sonal 7 WORLD’S LARGEST —NON-OEM DESIGNER AND MANUFACTURER OF MINING DUMP TRUCK BODIES
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