Advanced Braking Technology Limited · ASX:ABV
Advanced Braking Technology — Investor Presentation (September 2022)
31 slides from Advanced Braking Technology's investor presentation, Sep 15, 2022
Slide 1: FY22 – Full Year Investor Update
FY22 – Full Year Investor Update Thursday 15th September 2022 Presented by Andrew Booth, CEO Authorised by the Board of Advanced Braking Technology 1 © ADVANCED BRAKING TECHNOLOGY
Slide 2: Disclaimer
Disclaimer The material contained in this presentation sets out general background information It does not constitute or contain an offer or invitation to All state me nts, othe r than state me nts of historical fact, includ e d sub scrib e for or p urchase any se curitie s nor d oe s it constitute
Slide 3: We believe in safety – it is central to everything we do
WE BELIEVE IN SAFETY – IT IS CENTRAL TO EVERYTHING WE DO Through embracing ‘Safety Principles’ in everything we do, we aspire to create prosperity for everyone that is touched by our business. We aim to produce and sell innovative braking solutions with the commitment to promoting sustainable busine
Slide 4: Company Overview
Company Overview We make high performing brakes that protect our customers people, the environment and assets operating in rugged, high-risk environments. 4 © ADVANCED BRAKING TECHNOLOGY
Slide 5: Company Overview
• Designed, developed, tested and manufactured in Australia Company • >20 years original manufacturer of sealed wet Overview brake technology Innovative braking solutions that p rote ct p e op le , asse ts and the e nvironme nt Heavy duty braking solutions to the mining, defence, waste management an
Slide 6: Customers and end users
Customers and end users ABT continues to grow its blue chip customer base 6
Slide 7: Safety & Sustainability is at our Core
Safety & Sustainability is at our Core Brakes in 40+ Countries & planned further expansion of global footprint 7 © ADVANCED BRAKING TECHNOLOGY
Slide 8: Executive Management Team
Executive Management Team Andrew Booth Angela Godbeer David Newcombe Chief Executive Officer Chief Financial Officer Engineering Manager More than 15 years Strategic Leadership in Sig nificant exp e rie nce in ASX liste d 20 Ye ars exp e rie nce in g lob al e ng ine e ring Australia and Asia in b ot
Slide 9: FY22 Highlights
FY22 Highlights • Sustained double-digit revenue growth • Record year-on-year sales growth, • Positive cash flow from operations for the year • Growing our export sales and international partners and deepening our valuable blue chip customer relationships • 2025 roadmap which includes both organic a
Slide 10: Full Year Results Overview
Full Year Results Overview Demonstrated results across key metrics EBITDA Product Sales Margin Net Profit Positive trend 45.1% Positive trend continuing continuing Operating Sales Cash Balance Substantially $11.09m debt free $1.739m +12.5% on previous year $1.41m at 30 June 2021 10
Slide 11: Operating sales by quarter
Operating sales by quarter Q4 FY22 Sales up 10% on pcp Operating sales by Quarter 3.5 3 3.03 2.74 2.67 2.69 2.5 2.62 2.54 $AUD (m) 2.27 2.28 2.22 2.13 2 2.02 2.04 1.91 1.67 1.5 1.55 1 0.5 0 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY2
Slide 12: ABV Revenue Model
ABV Revenue Model Re ve nue Sp lit Revenue Model 47% ABT is an Original Equipment Manufacturer of Sealed Failsafe Brake Systems. 53% Revenue Model = New Brake Sales and Installation + Spare Parts and Consumables Trail Revenue Split Product Sales 53% vs Recurring 47% Product Recurring Recurring Reven
Slide 13: Market Overview
Market Overview
Slide 14: Diggers Insight
Diggers Insight “High inflation and interest rates climbing means the F22 frenzy of activity isn’t continuing.” • Demand for Battery metals provides a springboard for growth • for Miners which will breath new life into commodities once deemed unattractive (IE: Nickel, copper, cobalt, graphite, vanad
Slide 15: Global Demand Analysis & Opportunity Outlook 2030
Global Demand Analysis & Opportunity Outlook 2030 • The global underground mining market is anticipated to grow ~18% CAGR 2022 - 2030 • Rapid industrialisation in developing nations • And increasing implementation of IoT are the factors boosting market growth. = increasing demand for metal, minerals
Slide 16: And So For ABT This Means…
And So For ABT This Means… Underground Mining Expansion benefits from the ‘Rare Earths Hedge’ Versus other Commodities • ABT Must Champion ESG • Lead with Safety • Complimented with Environmental • Sealed with Governance (IRR) • Driving closer more strategic engagement with mining operators • Engage
Slide 17: Helping our customers address their ESG goals
Helping our customers address their ESG goals ABT Sealed Integrated Brake Solutions (SIBS), address all aspects of ESG providing solutions for where the environment and safety is paramount. 17 © ADVANCED BRAKING TECHNOLOGY
Slide 18: Value proposition
Value proposition Product portfolio providing solutions to a number of identified problems Problems identified ABT solution Customer benefits 1. Damage suffered to OEM braking Enclosed and sealed braking • Significantly improved safety for both people systems operating in harsh systems and equipment
Slide 19: Product and Customer Overview
Product and Customer Overview 19
Slide 20: Current core products
Current core products Product solutions for a range of situations Failsafe Driveline Brakes Fully Sealed With Failsafe Driveline Brakes Terra Dura ® Fully Sealed Failsafe Capability For Durability 20
Slide 21: New Product Development Blueprint
New Product Development Blueprint • ABT is focused on strategic growth opportunities and is currently assessing key initiatives to drive scale, revenue diversification and enhance innovation • This includes innovative development which leverages technology, autonomous, design and the diversification
Slide 22: ABT Heavy Vehicle SIBs
ABT Heavy Vehicle SIBs Problems requiring a solution ABT Solution Damage suffered by OEM braking systems in Sealed / enclosed ABT brake (SIBS) harsh off-road environments; strike impact and dust ingress High frequency Maintenance and Parts ABT Brakes offer extended Life and Replacement Maintenance r
Slide 23: Inorganic Strategy delivers Growth and Diversification
Inorganic Strategy delivers Growth and Diversification ABT’s Corporate Development Strategy for Inorganic Growth will deliver: 1. Revenue diversity and growth 2. Added technical capability 3. Organisational scale and operating leverage 4. Returns for shareholders 23
Slide 24: Strategy and Outlook
Strategy and Outlook 24
Slide 25: ABT 2022 - Foundation for Growth
ABT 2022 - Foundation for Growth • Financial Strength • Sustainable Profitability • IP Using SIBs Design • Blue Chip Customer Base • ABT Team • International Market Growth • Strong Supplier Base • Scalability • Strong supportive Key Investors/Shareholders 25
Slide 26: Strategy
Strategy By 2023 Generate material growth in both revenues and earnings by offering innovative safety and braking solutions to a global customer base LEVERAGE DISTRIBUTION DIVERSIFY INNOVATION GROWTH ORGANISATIONAL CAPITAL our existing supplier products, through CAPABILITY ALLOCATION networks, produ
Slide 27: ABT 2025 Strategic Horizon
ABT 2025 Strategic Horizon The foundations for growth are now in place Horizon 3 = Scale • Product and vehicle applications for commercial use off and on-road • Engineering and Manufacture of Brake Safety Systems in global proximity to market/customer demand • Solutioning for zero emission heavy veh
Slide 28: For further information, please contact:
For further information, please contact: Corporate Mr. Andrew Booth CEO T: +61 (0) 8 9302 1922 Investors Ms. Kaitlin Smith Company Secretary T: +61 (0) 8 9302 1922 28
Slide 29: Compliance
Compliance The material contained in this presentation has been approved for release by the Board of Advanced Braking Technology Limited
Slide 30: Appendices
Appendices 30
Slide 31: Board and Management Team
Board and Management Team Dagmar Parsons David Slack Adam Levine Mark Lindh Non-Executive Chair Non-Executive Director Non-Executive Director Non-Executive Director Andrew Booth Angela Godbeer CEO Chief Financial Officer 31
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