Slide 1: Investor Presentation FY21 Half-Year Financial Results
Investor Presentation FY21 Half-Year Financial Results 25 February 2021
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: What we do
What we do World leader in the design and manufacture of integrated engine systems for tactical unmanned aerial vehicles (UAVs) © 2021 Orbital Australia Pty Ltd Images: Insitu’s Integrator UAV (left) and ScanEagle3 UAV (right) 3
Slide 4: Tactical UAV market
Tactical UAV market Tactical UAV Production US$15.7Bn* © 2021 Orbital Australia Pty Ltd *World Military UAV Profile & Forecast 2020-21, Teal Group Corporation 4
Slide 5: Corporate overview
Corporate overview Capital Structure As at 24 February 2021 Our Financial Focus • Year-on-year revenue growth Fully Paid Ordinary Shares 77.66M • Transition to sustainable underlying earnings • Commitment to ongoing profitability Closing share price $0.825 • Strong balance sheet to fund growth Marke
Slide 6: At a glance
At a glance Half-year revenue of $19M (2019: $11.4M ) Primary engine supplier to Insitu Inc. (a Boeing Company) Two of five engine models in production for Boeing-Insitu, third engine model in development Engine development contracts with Northrop Grumman and one of Singapore’s largest defence compa
Slide 7: FY21 Half-Year Financials
FY21 Half-Year Financials © 2021 Orbital Australia Pty Ltd 7
Slide 8: Profit & Loss
Profit & Loss For the half-year ended 31 December 2020 $ million FY21 H1 FY20 H1 Revenue 19.0 11.4 • Year-on-year revenue growth Gross Profit 7.5 4.2 • Improved operating performance Overheads (7.0) (6.1) • Net loss includes unrealised Operational Profit1 0.6 (1.9) foreign exchange loss of $2.4M & U
Slide 9: Balance sheet
Balance sheet As at 31 December 2020 $ million FY21 H1 FY20 H1 Total current assets 25.3 24.8 • Cash, term deposits and Total non-current assets 11.0 13.1 trade receivables of $12M Total assets 36.3 37.8 (2019: $13.6M) Total current liabilities 14.8 12.9 • Sufficient working capital to Total non-cur
Slide 10: Cash flows
Cash flows For the half-year ending 31 December 2020 $ million FY21 H1 FY20 H1 Net cash from (5.0) (2.9) • Increased inventory holdings operating activities Net cash from $12.1M (2019: $9.4M) to (1.0) (0.3) support H2 ramp-up1 investing activities Net cash in (0.7) 1.7 • $0.4M capex on Australia fin
Slide 11: Outlook & Growth Strategy
Outlook & Growth Strategy © 2021 Orbital Australia Pty Ltd 11
Slide 12: Revenue guidance FY21
Revenue guidance FY21 Targeting Revenue of $30M - $40M in FY21 Continued sale of propulsion systems Additional customer under Boeing-Insitu Long Term Agreement development programs © 2021 Orbital Australia Pty Ltd 12
Slide 13: Delivering on the Boeing-Insitu Long Term Agreement (LTA)
Delivering on the Boeing-Insitu Long Term Agreement (LTA) Orbital UAV is Boeing-Insitu’s primary engine supplier. To power Insitu’s The current LTA includes the manufacture of 5 different engine models. entire UAV fleet Status: Status: 3. ScanEagle2 1. Status: 4. Development timeline TBD Integrator™
Slide 14: Customer diversification
Customer diversification Primary engine supplier to power Delivering flight critical Insitu’s entire fleet of UAVs components since 2013 SINGAPORE DEFENCE COMPANY Contract to design and develop a hybrid New engine design & development propulsion system for the next generation of contract with one of
Slide 15: Our unique service offering Tactical UAV
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 © 2021 Orbital Australia Pty Ltd 15
Slide 16: Next steps
Next steps Hood River Third engine production line USA operational (Boeing-Insitu) Perth Accelerated customer diversification Australia © 2021 Orbital Australia Pty Ltd 16
Slide 17: Todd Alder / Ian Donabie contact details
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