Veem Ltd. · ASX:VEE
Veem — Euroz Rottnest Island Conference 2020
18 slides from Veem's conference presentation, Mar 12, 2020
Slide 1: Investor Presentation - Euroz Rottnest Island Conference
For personal use only VEEM LTD VEEM INVESTOR LTD PRESENTATION INVESTOR PRESENTATION MARCH 2020 EUROZ ROTTNEST ISLAND CONFERENCE MARCH 2020 Princess Yachts
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT PAST PERFORMANCE For personal use only This document, including the information contained in this disclaimer, is not a prospectus, product disclosure statement or Past performance information in this document is given for illustr
Slide 3: VEEM Introduction
VEEM Introduction PRECISION MARINE TECHNOLOGY DISRUPTOR WITH 50+ YEARS EXPERIENCE & For personal use only WORLD-CLASS WA-BASED MANUFACTURING FACILITIES VEEM develops Significant cross- Track record of and manufactures selling potential of disrupting niche marine gyrostabilizer gyro tech to existing
Slide 4: 1H FY20 Financial Highlights
1H FY20 Financial Highlights For personal use only Steady $4.6M 3% 261% Transition for financial range of large performance VEEM Gyros GYRO ORDERS INCREASE from design to GYRO SALES Profit after on hand, with $3.4m to in revenue manufacturing Gyro sales up to $2.1m tax of $0.9m be delivered in to $2
Slide 5: Stabilization and propulsion
Stabilization and propulsion For personal use only Propulsion Fully CNC (computer numerical control) machined over every sq mm of the surfaces, ensuring faster, smoother and quieter performance. The only commercially available propellers manufactured in this manner. Propellers are now a precision ma
Slide 6: Successful Sale of World's Largest Gyro for Damen Shipyards
Successful Sale of World’s Largest Gyro for Damen Shipyards For personal use only VEEM has just completed the world’s largest gyrostabilizer for Europe’s second largest ship builder, Damen Shipyards. Damen builds more than 175 vessels annually and is active across the entire spectrum of maritime ind
Slide 7: Significant addressable market – awareness increased, uptake expected
Significant addressable market – awareness increased, uptake expected following successful VG1000 SD sale to Damen Shipyards For personal use only Currently, VEEM is Significant opportunity the only player operating to use developed in the large gyro technology for smaller market, with primary vesse
Slide 8: Superyacht Market Snapshot
Superyacht Market Snapshot Data source: SuperYacht Times For personal use only Current order book of 737 vessels# represents a target market of over US$273M for Gyro Sales . Expected fleet growth of 2.5% (CAGR) next five years. Vessel Size Operating Fleet Order Book# VEEM Gyro (length) Total Vessels
Slide 9: Gyro's expected to be the driving force
Gyro’s expected to be the driving force For personal use only $3.34m orders for delivery in FY20 on Sales of VEEM Gyros hand, including first VG1000 SD for Damen Shipyards 3.34 2.09 FIRST VG145 AND VG260 SOLD 0.98 1.03 SALE OF FIRST VG120 0.58 0.42 0.46 0.01 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19
Slide 10: VEEM – a global leader in the propulsion market
VEEM – a global leader in the propulsion market A recognised global market leader in marine propulsion For personal use only VEEM has a global patent on Despite being a key As an innovative propeller VEEM utilises patented the Interceptor pitch component in boats and manufacturer, VEEM has pattern-l
Slide 11: Robust precision engineering business provides platform for growth
Robust precision engineering business provides platform for growth For personal use only Underpinning VEEM’s high-growth gyros and Core engineering business We have built a propulsion products is a is profitable, with long-term specialised business that Solid year-on-year robust, high-end agreements
Slide 12: VEEM is building on over 50 years' history at the cutting edge
VEEM is building on over 50 years’ history at the cutting edge of precision marine technology For personal use only Quality System accreditation and IPS workshops Successful sea Integrated SS acquired Conquest implementation trials with Operations Foundry and New workshops VEEM Ltd Propellers of ERP
Slide 13: World-class manufacturing facilities
World-class manufacturing facilities For personal use only VEEM’s purpose-built workshops are state-of-the-art and cover The company’s plant and equipment is approximately 14,500m2 (including the sophisticated and heavily utilizes new gyro facility officially opened 6 CNC and robotic technology. Mar
Slide 14: Board & Management
Board & Management For personal use only David Rich – Mark Miocevich – Brad Miocevich – Chief Financial Officer Managing Director Non-Executive Chairman and Joint Company Secretary David is an experienced public company Mark Miocevich is responsible for the overall Brad Miocevich was responsible for
Slide 15: Board & Management
Board & Management For personal use only Ian Barsden – Non-Executive Director Ian is a member of Chartered Accountants Australia and New Zealand and is a former partner of HLB Mann Judd Accountants, Business and Financial Advisers (Perth division). He brings over 30 years’ experience in the accounti
Slide 16: VEEM – reaching its inflection point
VEEM – reaching its inflection point For personal use only Market acceptance of the Product development is Precision VEEM will continue to VEEM gyro range has focused on a engineering, defence cement itself as the market accelerated through a systematic, long-term view and propulsion work will leade
Slide 17: Corporate Overview
Corporate Overview For personal use only Corporate Snapshot 12-month Share Price Performance ASX Code VEE 4 $0.70 Millions Share Price $0.50 3.5 $0.60 Market Capitalisation $65m 3 $0.50 Shares on Issue 130m 2.5 $0.40 2 $0.30 1.5 $0.20 1 Substantial Shareholders 0.5 $0.10 Miocevich Family 61.54% 0 $0
Slide 18: Contact VEEM LTD
For personal use only Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich MARCH 2020 David Rich Simon Hinsley Managing Director CFO Investor & Media Relations +61 8 9455 9355 +61 8 9455 9355 +61 401 809 653 simon@nwrcommunications.com.au Princess Yachts