Advanced Braking Technology Limited · ASX:ABV
Advanced Braking Technology — Shareholder Meeting (October 2012)
35 slides from Advanced Braking Technology's shareholder meeting presentation, Oct 23, 2012
Slide 1: Amended CEO & CFO Presentation to be Delivered at the 2012 AGM
For personal use only 23rd October 2012 AUSTRALIAN STOCK EXCHANGE LIMITED Electronic Lodgement AMENDED CEO & CFO PRESENTATION TO BE DELIVERED AT THE 2012 AGM Appended are amended copies of the CEO’s and CFO’s presentations to be delivered to Shareholders at the Company’s 2012 Annual General Meeting
Slide 2: Annual General Meeting Presentation 23rd October 2012
For personal use only Advanced Braking Technology Limited Annual General Meeting Presentation 23rd October 2012 Advanced Braking Technology | Microcap Conference Presentation
Slide 3: Agenda
Agenda For personal use only 1. Chairman’s Address 2. Formal Business 3. CEO’s Report 4. CFO’s Report 5. Questions and Answers Advanced Braking Technology | Microcap Conference Presentation
Slide 4: Chairman's Address
Chairman’s Address For personal use only Mr David Humann Chairman Advanced Braking Technology | Microcap Conference Presentation
Slide 5: Formal Business
For personal use only Formal Business Advanced Braking Technology | Microcap Conference Presentation
Slide 6: Proxies
Proxies For personal use only Accounts and Reports – receive and consider the financial report and the reports of the Directors and of the Auditor for the financial year ended 30 June 2012 PROXIES RECEIVED Resolution For Discretionary Abstain Against Total Adoption of 1 Remuneration 189,430,928 97,5
Slide 7: CEO's Report
CEO’s Report For personal use only Mr Ken Johnsen Chief Executive Officer Advanced Braking Technology | Microcap Conference Presentation 6
Slide 8: FY2012 Operational Highlights
FY2012 Operational Highlights For personal use only Key milestones delivered in 2012 Mining Mining → Transition to the improved SIBS® II version of Expand SIBS II features to all the light commercial vehicle brake across mining products various Landcruiser models Expand product range → Developme
Slide 9: Company Overview
Company Overview For personal use only › ABT is a developer, manufacturer and ABT is a Listed Company worldwide distributor of its on the ASX award-winning, patented Sealed Share Price $0.019 Integrated Braking System (SIBS®) Shares on Issue 1.1 billion › SIBS® is a fail-safe, enclosed “wet” braking
Slide 10: Vision and Strategy
Vision and Strategy For personal use only Vision: To be the industry leader in developing, manufacturing and distributing safe and efficient braking technology across multiple applications and sectors Strategy: › Pursue robust growth through: • Leveraging strong mining market positioning to provide
Slide 11: Investment Proposition
Investment Proposition For personal use only › Unique, proven and patent protected technology › Global market potential across multiple applications and sectors › Significant competitive advantages over alternative products › Compelling customer offering – “triple bottom line” benefits › Robust comm
Slide 12: Our Technology
Our Technology For personal use only Sealed Integrated Braking System (SIBS®) › Fully enclosed, single rotor, high speed wet brake › Incorporates fail-safe features › Designed for retro-fit or factory fit › Comprehensively patented Australian invention › Virtually wear and maintenance-free (unlike c
Slide 13: How Our Technology Works?
How Our Technology Works? For personal use only › Wet brake technology enables a cooler operating temperature, essential to longer lasting and safer braking systems › System encloses key components – the single rotor, brake callipers and brake pads – within a casing containing the SIBS® cooling flui
Slide 14: Blue Chip Customers
Blue Chip Customers For personal use only Advanced Braking Technology | Microcap Conference Presentation 13
Slide 15: Global Market Potential
Global Market Potential For personal use only “Breaking into a Mainstream Market by leveraging off the mine tough heritage” Advanced Braking Technology | Microcap Conference Presentation 14
Slide 16: Prime Target Market – Waste Sector
Prime Target Market – Waste Sector For personal use only Multiple customer “calls to action”: › Brakes are the second biggest expenditure after fuel for garbage truck fleet operators › Public desire for noise reduction › Global drive to reduce pollution Australian market: › Dynamic, recession-proof
Slide 17: Garbage Truck Brake
Garbage Truck Brake For personal use only › Multi year development program now complete › Commercial roll out set for CY2013 › Technical risk is very low: • ABT has significant experience and expertise with the associated technology • Long history of successful application • Extensive and successful
Slide 18: Garbage Truck Revenue Potential
Garbage Truck Revenue Potential For personal use only 200,000 Number of Garbage Trucks 180,000 160,000 140,000 120,000 100,000 New Refuse Trucks 80,000 Installed Fleet 60,000 40,000 20,000 - Australia Europe North Amercia Australia North America Annual sales 800 trucks Annual sales 20,000 trucks Ins
Slide 19: Compelling Customer Offering
Compelling Customer Offering For personal use only “Triple bottom line” benefits › Financial Savings: • Dramatically reduces frequency of brake overhauls from more than twice a year, to once every two years or longer • Reduces annual operating costs by up to $15,000 per truck • Customer payback on i
Slide 20: Customer's Endorsement
Customer’s Endorsement For personal use only The City of Swan is evaluating 2 trucks fitted with SIBS Its Mayor Mr Charlie Zannino stated in a press release last week: Extract – The trial has been so successful, the City is investigating the possibility of extending the use of the SIBS across other
Slide 21: Competitive Advantages
Competitive Advantages For personal use only › Significant product development investment – time and capital › Comprehensively patented technology for 10 years › No existing competition › Braking technology extensively proven in commercial application › ABT known as a reliable supplier in mining sec
Slide 22: Garbage Truck Brake Roll-Out
Garbage Truck Brake Roll - Out For personal use only 12/13 13/14 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Frozen Design First 10 sets under construction First Truck Built Subsequent/Sales Truck Builds Monitoring of First Sales in the Field Engangement with Waste Industry Ramp up
Slide 23: Further Applications
Further Applications For personal use only › Penetration into the garbage truck market provides an entry point into other “frequently stopping vehicles” › Buses – similar drivetrain to waste vehicles and can be easily adapted › Logging and similar heavy haulage trucks – with high brake demands › Mil
Slide 24: Established Presence in Mining Sector
Established Presence in Mining Sector For personal use only Australia: › Growing market share – currently 25% › Product improvement driving growth › SIBS® technology now standard in many vehicles, across many mining sites › Olympic Dam, Xstrata Zinc – George Fisher, BHP – Nickel West › SIBS® II curr
Slide 25: Significant Growth in Mining Sales
Significant Growth in Mining Sales For personal use only › Proven success in the mining industry › $1.33 million profit contribution in FY12 › Over 400% growth in brake sales over the past 6 years 7.0 6.0 5.0 $'s Million 4.0 Sales - Engineering and Fitting Sales - Spares 3.0 Sales - Brakes 2.0 1.0 0
Slide 26: Mining – Growth Drivers/Opportunities
Mining – Growth Drivers/Opportunities For personal use only Growth set to continue › Ongoing industrialisation of emerging economies led by China and India › Strong growth in new mine development › Expansion into surface mines with safety and productivity focus Increased Focus on Safety Regulations
Slide 27: Robust Commercial Model
Robust Commercial Model For personal use only Attractive business: › High margins similar to mining products › Highly scalable cost base with efficient fulfilment model Business model supports high long term RoI: › Benefits of offshore outsourced manufacturing › Low cost fulfilment model › Low capit
Slide 28: Current Outlook and Priorities
Current Outlook and Priorities For personal use only › Main focus for FY13 is the commercial roll out of the Garbage Truck Brake — All indicators suggest that there will be a strong demand — A progressive and controlled launch is planned › Mining sales will continue to play an important role in the
Slide 29: CFO Report
CFO Report For personal use only Chief Financial Officer Clare Madelin Advanced Braking Technology | Microcap Conference Presentation 28
Slide 30: FY2012 Financial Highlights
FY2012 Financial Highlights For personal use only • Total revenue +10% to $8 million • Mining sales generated $1.33 million profit – with sales up by 3% to $6.3 million (sales for first three quarters up by 17%) • Export sales +11%, represents c22% of total sales • Overall net loss of $123k is attri
Slide 31: Company Financial Performance
Company Financial Performance For personal use only Revenue Profit After Tax $ millions $ millions 9.0 1.0 8.0 0.5 7.0 0.0 6.0 5.0 -0.5 4.0 -1.0 3.0 -1.5 2.0 -2.0 1.0 0.0 -2.5 05/06 06/07 07/08 08/09 09/10 10/11 11/12 05/06 06/07 07/08 08/09 09/10 10/11 11/12 Advanced Braking Technology | Microcap C
Slide 32: FY12 Profit and Loss
FY12 Profit and Loss For personal use only Profit and Loss 2012 2011 $’000 $’000 Revenue Revenue from trading activities 6,299 6,631 Revenue from other activities 1,669 607 Total Revenue 7,968 7,238 Cost of sales (2,461) (2,179) Adjustment to prior period cost of sales - 141 Other expenses (6,882) (
Slide 33: Balance Sheet
Balance Sheet For personal use only Balance Sheet 2012 2011 Cash and Cash equivalents 2,925 2,737 Trade and other Receivables 797 1,194 Other current assets 3,064 1,829 Total current assets 6,786 5,760 Trade and other Receivables 31 30 Property, plant and equipment 1,162 734 Intangibles 3,625 2,572
Slide 34: Q&A
Q&A For personal use only Questions? Advanced Braking Technology | Microcap Conference Presentation
Slide 35: For personal use only
For personal use only www.advancedbraking.com info.perth@advancedbraking.com Phone: +61 8 9273 4800 | Fax: +61 8 9201 9986 Advanced Braking Technology | Microcap Conference Presentation
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