Veem Ltd. · ASX:VEE
Veem — H1 FY2022 Earnings Presentation
15 slides from Veem's earnings presentation, Feb 22, 2022
Slide 1: 1H FY22 Results Presentation (ASX Media Release)
ASX MEDIA RELEASE 22 FEBRUARY 2022 1H FY22 RESULTS PRESENTATION VEEM Ltd (ASX: VEE) (‘VEEM’ or ‘the Company’), manufacturer of disruptive, high-technology marine propulsion and stabilization systems is pleased to provide a copy of a presentation to be made by Managing Director Mark For personal use
Slide 2: 1H FY22 Results & Outlook
For personal use only VEEM LTD INVESTOR PRESENTATION MARCH 2020 VEEM LTD 1H FY22 RESULTS & OUTLOOK 22 FEBRUARY 2022 PRINCESS YACHTS
Slide 3: Disclaimer
DISCLAIMER For personal use only THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT PAST PERFORMANCE This document, including the information contained in this disclaimer, is not a prospectus, product disclosure Past performance information in this document is given for illustration purpose
Slide 4: 1H FY22 Summary
1H FY22 Summary For personal use only Propulsion sales were higher than the prior comparative period and the previous six months 01 as a result of the increased capacity generated through new machines and improved processes, and despite delays in the arrival and commissioning of the new machines. En
Slide 5: 1H FY22 – Gyro Summary
1H FY22 – Gyro Summary For personal use only Revenue from sales of gyrostabilizers was $1.6m for the period. COVID has delayed decision 01 making, particularly orders in the new build market, including the launch of the Damen FCS 7011 (delayed over 12 months). Production continued at a steady rate,
Slide 6: 1H FY22 Financial Results Summary
1H FY22 Financial Results Summary For personal use only 1H FY21 1H FY22 1H FY21 % Change Excl. Jobkeeper# A$mil. A$mil. Excl. Jobkeeper# A$mil. Revenue 26.3 28.4 28.4 -7% EBITDA 2.9 5.7 4.2 -31% Profit before Tax 0.3 3.5 2.0 -86% Net Profit after Tax (NPAT) 0.3 3.0 1.9 -83% Earnings Per Share (EPS)(
Slide 7: Outlook – Gyrostabilizers
Outlook – Gyrostabilizers For personal use only VEEM holds the dominant position as the only major supplier in the large marine gyrostabilizer market, which is estimated at US$1.1bn for new builds and US$13.5bn for retrofits (current fleet). Significant investment to date and ongoing development now
Slide 8: Gyrostabilizers – All Set to Go
Gyrostabilizers – All Set to Go … For personal use only Sales and Marketing Team Engineering & Product Design Production Capability Supply Chain and Procurement 7
Slide 9: Outlook – Propulsion & Defence
Outlook – Propulsion & Defence For personal use only PROPULSION DEFENCE • Demand expected to continue to grow due to increased • 2H FY22 will see the initial deliveries of the next full- demand globally. Many yards booked out to 2023-4. cycle docking (work already underway) along with • New key supe
Slide 10: Outlook – Hollow Bar & Engineering On-Demand
Outlook – Hollow Bar & Engineering On-Demand For personal use only HOLLOW BAR/FOREVER PIPE ENGINEERING ON-DEMAND • Sales of VEEM’s hollow bar product are expected to remain • Continuing to bid on, and win, work across the country steady with regular demand and reliable margins. where utilisation of
Slide 11: Summary
Summary For personal use only VEEM is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defence industries. From a precision engineering background, over decades VEEM has devel
Slide 12: Appendices
For personal use only VEEM LTD INVESTOR PRESENTATION MARCH 2020 APPENDICES PRINCESS YACHTS
Slide 13: Corporate Overview
Corporate Overview For personal use only Corporate Snapshot 12-MONTH SHARE PRICE PERFORMANCE 3.5 $1.60 Millions ASX Code VEE 3 $1.40 Share Price (21 Feb 2022) $0.88 $1.20 2.5 $1.00 Market Capitalisation (21 Feb 2022) $119m 2 $0.80 Shares on Issue 136m 1.5 $0.60 1 $0.40 Substantial Shareholders 0.5 $
Slide 14: VEEM Gyro Potential Market Size $14.6bn by Segment
VEEM Gyro Potential Market Size $14.6bn - by Segment For personal use only Commercial Defence Superyachts Potential Market Size: Potential Market Size: Potential Market Size: Order book – US$0.7bn Order book – US$0.1bn Order book – US$0.3bn Fleet – US$9.6bn Fleet – US$1.4bn Fleet – US$2.5bn Refer to
Slide 15: Contact VEEM Ltd
For personal use only Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich David Rich Simon Hinsley Managing Director CFO MARCH Investor 2020 Relations & Media +61 8 9455 9355 +61 8 9455 9355 +61 401 809 653 simon@nwrcommunications.com.au @VEEM_Ltd VEEM_Ltd PRINCESS YACHTS