Slide 1: Introduction to Orbital
Introduction to For personal use only Orbital March 2012 ORBITAL Pg 1
Slide 2: Disclaimer
Disclaimer For personal use only 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
Slide 3: Today's Key Messages
Today’s Key Messages • Who we are – 1) Innovators 2) Systems for Engines 3) Alternative Fuels Applications For personal use only • Crude oil price volatility and fuel security moving markets to alternative fuels more attractive. • The evolution of increasingly tougher engine emissions standards will
Slide 4: Corporate Profile
Corporate Profile Products Corporate (as of 13th March 2012) For personal use only • Engine and Vehicle Management Systems Formed/Listed 1973/1989 • Specialised Electronics and Software • Alternative Fuels Systems (LPG, CNG, LNG) ASX/NYSE AMEX Code OEC/OBT • FlexDI (through Synerject JV) Shares on i
Slide 5: Orbital's Vision
Orbital’s Vision “Leader in Specialised For personal use only Engine and Vehicle Systems” Small Engines Transport Mining Alcohol LPG CNG/LNG Gasoline HCNG Kerosene Diesel Hydrogen FlexDI - Alternative Fuels Integration, Development and Application Expertise Engineering Services ORBITAL Pg 5
Slide 6: Business Segments
Business Segments Business For personal use only ORBITAL Unit ALTERNATIVE FUELS Sector Automotive (LPG), Non Auto EMS EMS (Auto, non- Non Auto EMS HD Trucks (NG) Global Supplier Auto), R&D Applications • LPG Supply • Supply of DI • Services to the • Royalties and – Ford and PI global engine licence
Slide 7: Business Segments
Business Segments Business ORBITAL For personal use only Unit ALTERNATIVE FUELS Brand Names US$121m Revenue* A$14m (Pro-rata A$51.4m) A$10m A$1m Staff 43 217 53 2 Customers • OAS • Facilities • Facilities • Office – Sydney – USA (2) – Perth – Perth • Sprint Gas – China (2) • Offices Locations – Aust
Slide 8: Financial Summary - Half Year ended Dec 2011
Financial Summary - Half Year ended 31 Dec 2011 Income Statement Dec 2011 Dec 2010 Balance Sheet Dec 2011 Jun-11 #039;000 #039;000 For personal use only #039;000 #039;000 Alternative Fuels Revenue 7,028 2,717 Cash and Term Deposits 5,358 6,874 Segment Result 137 (396) Receivables 4,795 6,841 Inventory 6,778 4,3
Slide 9: Orbital's Potential Markets
Orbital’s Potential Markets Global Motorcycle Market Aust. HD Truck Fleet* For personal use only * Articulated, > 60 tonne GCM (Gross Combined Mass) 60 50 50 40 Units (Millions) Units ('000's) 40 30 30 20 20 10 10 0 0 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 Source: Yamaha Fact Re
Slide 10: Market Drivers
Market Drivers Ford Falcon EcoLPi - Fuel Costs per 100 km only $16 Fuel Cost Assumption West Texas Int Crude $14 ULP Cost cent/litre 141.9 LPG cost cent/litre 68.5 160 $12 Crude Oil Cost Costs to $10 Diesel cost cent/litre 146.9 140 Cost AU$/100 km Customer $8 120 US$/Barrel $6 100 use $4 80 $2 60 $
Slide 11: Changing Global Attitude to Alternative Fuels
Changing Global Attitude to Alternative Fuels • Fuel/Crude Oil price drives market For personal use only • Fuel Security • Government policy changes – Alternative Fuels – lower CO2 • LPG infrastructure CO2 Savings Automotive Liquid LPG Up to 14% • LNG infrastructure development Automotive CNG Up to
Slide 12: Synerject – Non-Auto EMS Supplier
Synerject – Non-Auto EMS Supplier For personal use only 42:58 joint venture of Orbital and Continental Automotive • Largest global EMS supplier in non auto market. 14th year of operation • Headquarters in Virginia, USA; Facilities in USA, China, France, Offices in Italy, Taiwan • US$125.9m revenue i
Slide 13: Synerject – Non-Auto EMS Supplier
Synerject – Non-Auto EMS Supplier For personal use only Key Points • Consistent sales growth, notwithstanding that many of Synerject’s markets are still challenged by the aftermath of the global financial crisis. • Introduced efficiencies and improved EBIT margins. Record result in the latest half y
Slide 14: Alternative Fuels
Alternative Fuels Alternative Fuels – Market Driven by cost, CO2 reduction and Fuel Security For personal use only • OAS – Develops and Supplies Liquid LPG systems to the auto industry • OCS - Develops and Supplies Dual Fuel LNG Systems for truck industry; Engine System Development for Ethanol and N
Slide 15: Alternative Fuels – Today's business
Alternative Fuels – Today’s business For personal use only • Orbital Autogas Systems (OAS) has developed and supplies “Liquid” LPG injection systems to Ford Australia, Holden Special Vehicles (HSV) and to the aftermarket. • OAS aftermarket system is branded “Liquid” denoting liquid versus vapour inj
Slide 16: Orbital Consulting Services (OCS)
Orbital Consulting Services (OCS) OCS provides Fee for Service consulting to the global engine and vehicle OEM’s, suppliers For personal use only and Government. The OCS business also acts as an ‘incubator’ for EMS opportunities and recent developments in the UAS and transport (LNG) sectors may lead
Slide 17: Closing Messages
Closing Messages • Orbital is a leader in fuel injection technology. For personal use only • The price of oil and fuel security are making alternative fuels increasingly appealing. • Increasingly tougher emissions requirements will promote the use of alternative fuels. • Orbital has proven product i
Slide 18: Thank You
For personal use only Thank You Orbital Corporation Ltd 4 Whipple St, Balcatta West Australia 6021 Ph +61 8 94412311 Fax +61 8 94412345 Web: //www.orbitalcorp.com.au ORBITAL Pg 18