Austal Limited · ASX:ASB
Austal — Shareholder Meeting (November 2021)
17 slides from Austal's shareholder meeting presentation, Nov 11, 2021
Slide 1: Welcome to the FY 2021 AGM
For personal use only 1. Welcome to the FY 2021 AGM. I am Paddy Gregg the CEO at Austal. 2. I will be presenting in the same format with by giving a financial, then business overview and context. As always, I plan to present for no more than 20 minutes to allow time for questions. 3. It’s been a cha
Slide 2: Video: TTCG Capes Departure
For personal use only Upon direction / cue from Paddy - Play TTCG Capes Departure (Export) Video (Video 1) 2
Slide 3: FY21 results and orderbook overview
For personal use only 1. Revenue in FY21 delivered inline with guidance. 2. We are also working our way though the orderbook and while replacement is a key focus for us, let’s not overlook the fact that we have 29 ships under construction or scheduled. That is still a significant volume of work ahea
Slide 4: Financial results summary
For personal use only 1. These results demonstrate a really strong operational performance, and although revenue is reduced and impacted by FX, our earnings dropped by relatively smaller amount. 2. The one area that continues to receive maximum focus is replenishment of the orderbook and associated
Slide 5: For personal use only
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Slide 6: Major investments this year
For personal use only 1. Pictures of some of the major investments in this year 2. All drive growth opportunity for the future 3. Great examples of what we can do with the cash/ strong balance sheet 4. We are opportunities for growth of the support business in San Diego, and Henderson as part of the
Slide 7: Operational Highlights
Operational Highligh Ss Despite COVID-19 we have had a record year of ship deliveries + 5x Guardian class and &x ferries [Fred Olsen 1, JRK, TST Ferry, SGTM, 4 in China), 2x Patrol Boats to Trinidad, EPF 12 and LCS + Commissioned USS Mobile and christened USS Canberra. Facility expansion adding stee
Slide 8: Transition from LCS and steel investment
For personal use only 1. We are still in the forecast transition from LCS but we have delivered everything we said we would to ensure we make it through stronger and ready to grow in the future. 2. Steel investment is progressing to plan. 3. T-ATS steel hulled vessel directed to us by Navy 4. Strong
Slide 9: Opportunities and announcements since results
For personal use only 1. Lots of opportunities that we are well placed to execute, and some meaningful announcements since results 2. We are still in the forecast transition from LCS but we have delivered everything we said we would to ensure we make it through stronger and ready to grow in the futu
Slide 10: Strategy to 2050 and meta-trends
For personal use only 1. 2050 because the life of our vessels is 25-30 years 2. Our 10 year growth rate exceeds peers but still lacks scale 3. The makeup of our business has changed significantly but needs to keep changing to meet market demands and opportunities 4. 4 meta-trends drive this: regiona
Slide 11: ESG reporting
For personal use only 1. Austal made a significant investment in the quality and content of our ESG report this year. 2. This is an area that really matters to us and low emissions is a focus and opportunity for the future. 3. Austal has chosen to report scope 3 emissions (the emissions attributable
Slide 12: Volta electric ship concept
For personal use only 1. Launched in December and lots of interest. But Covid impacting commercial orders 2. Could be electric or hybrid with hydrogen or LNG 3. Could be other applications- ferry/ workboat or crew transfer/ fishing 12
Slide 13: Investing in R&D
For personal use only 1. Investing in R&D to be ready for the future 2. Focused on the product for more efficient operations 3. Looking at it from both an operation and maintenance perspective in both defence and commercial markets. 13
Slide 14: Summary and outlook
For personal use only 1. Great set of results with strong operational performance with challenges I’m confident we will overcome. 2. Our strong balance sheet has helped during Covid, and allows us to invest for what’s looks like an exciting future 3. We are a more diversified business now, establish
Slide 15: For personal use only
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Slide 16: Disclaimer and contact
Disclaimer Paddy Gregg, Chief Executive Officer Telephone: +618 9410 1111 For further information visit www.austal.com 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 subsc
Slide 17: For personal use only
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