Austal Limited · ASX:ASB
Austal — Bell Potter Emerging Leaders Conference 2025
15 slides from Austal's conference presentation, May 28, 2025
Slide 1: Austal - Bell Potter Conference
Austal- Bell Potter Conference 28 May 2025 For personal use only Paddy Gregg Chief Executive Officer 1
Slide 2: Company history and background
For personal use only Company history and background OUR STORY GUR BUSINESS TODAY = ; $14.28 1988 $2.18 $1.5B Perth, Western Australia ‘With a vision to build high quality commercial vessels for the international market Austal commenced operations in Perth, WA in 1988. MARKET ORDERBOOK (INCL. OPTION
Slide 3: For personal use only
For personal use only • • • • • • • 3
Slide 4: High quality orderbook at record high with more growth coming
High quality orderbook at record high with more growth coming • The majority of the orderbook is from US steel shipbuilding programmes & expansion into submarine modules • Australia is set to follow with the Strategic Shipbuilding Agreement providing continuous naval shipbuilding efficiencies • Comm
Slide 5: Austal USA - Strong and long pipeline of work
Austal USA - Strong and long pipeline of work Provides certainty of revenue (assuming all options exercised) For personal use only 5
Slide 6: Austal Australia – Pipeline and opportunities
Austal Australia – Pipeline and opportunities Strategic Shipbuilder Agreement being negotiated For personal use only 1. LC-M; LC-H; GPF and LOSV are currently subject to conclusion of the Strategic Shipbuilder Agreement with the Commonwealth Department of Defence. 6
Slide 7: Expanding Shipbuilding - Up to US$300m
Final Assembly 2 Expanding Shipbuilding - Up to US$300m Module Manufacture 3 Mobile, AL Shipyard US$450m Submarine Industrial Base US$152m For personal use only • Invest in facilities for current and future shipbuilding programmes and additional submarine module capacity • Austal has received a lett
Slide 8: FA2 enhances our steel manufacturing capability
For personal use only FA2 enhances our steel manufacturing capability PROJECT OVERVIEW New assembly building, waterfront improvements and a new ship lift ‘system to assemble and service large vessels New assembly bay will enable erection of large steel modules for the Navy and Coast Guard ships - Of
Slide 9: Construction of a new manufacturing facility for submarine modules
Construction of a new manufacturing facility for submarine modules is funded by General Dynamics Electric Boat • • • • For personal use only • 9
Slide 10: Outlook
For personal use only Outlook 10
Slide 11: Strategic Outlook
Strategic Outlook Record Order Book in the US Underlying business Significant investment in with Australia aiming to follow performing ahead of facilities for growth and setting through Strategic Shipbuilding expectations as we come up the shipyard for future Agreement. Greater contract through the
Slide 12: Long term investment proposition
Long term investment proposition $M Group EBIT with EBIT Margin $ Austal Share Price $5 $160 $130 8.4% $115 Guidance $4 $3.60 $120 $121 8.0% $3.23 $80 7.3% $3 $2.37 $2.49 $80 $56 $2.05 6.3% 5.0% $1.80 $2 $40 4.6% $(5) 3.8% 2.0% $1 $0 $0 ($40) (0.3%) (1.0%) FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 H
Slide 13: Guidance FY2025
Guidance FY2025 With the orderbook plus potential future projects based on Government announcements Austal is nearing the end of a transition period and start of the execution period, with years of growth ahead. Updated EBIT Guidance for FY25 to not less than $80m at H1 results Key drivers include:
Slide 14: Disclaimer
Disclaimer This presentation and any oral presentation accompanying it has been prepared by Austal Limited (“Austal”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in Austal or as an inducement to make an offer or invitation with respect to those
Slide 15: Further Information
Further Information Paddy Gregg, Chief Executive Officer Telephone: +61 8 9410 1111 www.austal.com For personal use only ASX: ASB austal.com End 15
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