Veem Ltd. · ASX:VEE
Veem — FY2021 Earnings Presentation
18 slides from Veem's earnings presentation, Aug 30, 2021
Slide 1: VEEM Ltd FY2021 Results & Outlook
For personal use only VEEM LTD INVESTOR PRESENTATION MARCH 2020 VEEM LTD FY2021 RESULTS & OUTLOOK AUGUST 2021 PRINCESS YACHTS
Slide 2: Disclaimer
DISCLAIMER For personal use only THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT PAST PERFORMANCE This document, including the information contained in this disclaimer, is not a prospectus, product disclosure Past performance information in this document is given for illustration purpose
Slide 3: FY2021 Highlights
FY2021 Highlights For personal use only 01 prior Strong revenue, EBITDA and NPAT result – up 34%, 36% and 97% respectively on year. The second and third VG1000SD VEEM Gyros were completed and delivered and have 02 since been successfully sea trialled as well as other deliveries to prestige European
Slide 4: FY2021 Financial Highlights
FY2021 Financial Highlights For personal use only 01 Revenue of $59.5m up 34% on FY2020. 06 Healthy cash balance of $2.2m with unused overdraft of $3.4m and term debt of $7.2m (incl. HP). Sales of VEEM Gyros $7.4m, up 54% on FY2020. Current 02 orders in hand of $1.5m with stronger than ever leads an
Slide 5: 2021 Full Year Financial Results Summary
2021 Full Year Financial Results Summary For personal use only FY2021 FY2020 % Change A$mil. A$mil. Revenue 59.5 44.4 34% EBITDA# 10.2 7.5 36% Profit before Tax# 5.9 3.2 81% Net Profit after Tax (NPAT) 4.9 2.5 97% Earnings Per Share (EPS)(cents) 3.78 1.90 97% Cash Flow From Operations 6.3 6.0 6% Net
Slide 6: Gyrostabilizer FY2021 Highlights
Gyrostabilizer FY2021 Highlights For personal use only Sales of VEEM Gyros $7.4m, up 54% on 2020. Sales for 2H 2021 were $3.8m, up 5% on 1H 2021. Current order book is $1.5m and the value Sales of VEEM Gyros ($m) of leads is more than double that at 30 June 2020. $4.0 Significant increase in higher
Slide 7: Gyrostabilizer FY2021 Highlights (cont.)
Gyrostabilizer FY2021 Highlights (cont.) For personal use only COVID-19 resulted in a general slowdown in European shipyards which has flowed on to vessel completions, gyro installations and commissioning. This in turn pushes out the customer experience and feedback and hence re-orders. Three year s
Slide 8: Highlights since Year End
Highlights since Year End For personal use only Successful sea trials of a VG520/1000SD VEEM Marine Launch of the VEEM Marine brand combining VEEM’s gyrostabilizer on the privately owned MY Umbra, a Damen 60m gyrostabilization and propulsion products for the global market. explorer vessel of Fremant
Slide 9: Outlook - Gyrostabilizers
Outlook - Gyrostabilizers For personal use only Gyro sales are expected to continue to grow rapidly given the current strong level of orders, leads and enquiries and the huge potential market. VEEM’s strategy of building to a production plan based on sales forecasts should appeal to the retrofit mar
Slide 10: Outlook – Propulsion & Defence
Outlook – Propulsion & Defence For personal use only PROPULSION DEFENCE • Expected to continue to grow due to increased demand • FY2022 will see the tail of the current submarine globally. Many yards booked out to 2023-4. component contract and the initial deliveries of the next • New key superyacht
Slide 11: Outlook – Forever Pipe & Engineering On-Demand
Outlook – Forever Pipe & Engineering On-Demand For personal use only FOREVER PIPE ENGINEERING ON-DEMAND • Forever pipe is expected to continue to increase its • Continuing to bid on, and win, work across the country presence in domestic and overseas markets with an where utilisation of the Company’s
Slide 12: Summary
Summary For personal use only VEEM is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defense industries. From a precision engineering background, over decades VEEM has devel
Slide 13: Appendices
For personal use only VEEM LTD INVESTOR PRESENTATION MARCH 2020 APPENDICES PRINCESS YACHTS
Slide 14: Corporate Overview
Corporate Overview For personal use only Corporate Snapshot 12-MONTH SHARE PRICE PERFORMANCE 2.5 $1.60 Millions ASX Code VEE $1.40 2 Share Price (27 Aug 2021) $1.31 $1.20 $1.00 Market Capitalisation (27 Aug 2021) $170m 1.5 $0.80 Shares on Issue 130m 1 $0.60 $0.40 0.5 Substantial Shareholders $0.20 M
Slide 15: VEEM Gyro Potential Market Size $14.6bn by Segment
VEEM Gyro Potential Market Size $14.6bn - by Segment For personal use only Commercial Defence Superyachts Potential Market Size: Potential Market Size: Potential Market Size: Order book – US$0.7bn Order book – US$0.1bn Order book – US$0.3bn Fleet – US$9.6bn Fleet – US$1.4bn Fleet – US$2.5bn Refer to
Slide 16: Successful Sea Trials on MY Umbra
Successful Sea Trials on MY Umbra For personal use only VEEM Marine’s third VG520/1000SD Gyrostabilizer, the world’s most powerful in- service marine gyrostabilizer, has been installed and commissioned on a privately owned 60m Damen YS 5009 exploration vessel Recent sea trials with the VG520/1000SD
Slide 17: VEEM Marine
VEEM Marine For personal use only The launch of VEEM Marine combines our VEEM Gyrostablizer and VEEM Propeller brands. VEEM has now arrived at the point where its customers will benefit from a single point of contact to take them on the journey from vessel concept to after-sales service. VEEM Marine
Slide 18: Contact VEEM LTD
For personal use only Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich David Rich Simon Hinsley Managing Director CFO MARCH Investor 2020 Relations & Media +61 8 9455 9355 +61 8 9455 9355 +61 401 809 653 simon@nwrcommunications.com.au @VEEM_Ltd VEEM_Ltd PRINCESS YACHTS