Astron Limited · ASX:ATR
Astron — Shareholder Meeting (November 2008)
24 slides from Astron's shareholder meeting presentation, Nov 27, 2008
Slide 1: Annual General Meeting 2008
ASIEN Astron Limited ACN 000 285 272 fal General Meeting 2008 Fs ya
Slide 2: Agenda
ASTReN AGENDA Introduction Gerry King Highlights 2008 Alex Brown Outlook 2009 Alex Brown Donald Update Ron McCullough Questions and Answers
Slide 3: Chairman's Introduction
Chairman’s Introduction A Year of Great Achievement ,Change, and Challenge ‘|| @All time record profit $112 million (including ||| sale profit) ||| @Net assets increased to $212M ($3.28/share) | | @ Astron’s Financial position is clearly ||| extremely strong ($186 million in cash) | | @Emphasis now
Slide 4: Highlights of a great year
Sale to Imerys @Cash @Currency effect @ Total revenue @ Net Profit @ Employees @ Earning/share @ Price/share @ Net asset/share Mit!|| @ASX Code @Website hlights of a great year - Finally completed A$ 186 million A$ v USD A$ 204 million A$ 112 million 50 A$ 1.78 A$ 1.73 A$ 3.28 ATR www.astronchem.com
Slide 5: Corporate Objectives and Strategies
ASIAN Corporate Objectives ¢ Earnings growth ¢ Strong dividend stream Strategies || «Focus on Core skills incl Research «Focus on Growth markets *Focus on China *Be Cost and Technology leader «Feedstock ownership *Better Customer relationships «Engage best people «Corporate acquisitions and JV’s
Slide 6: Business description
| | | | l | Business description HI{|||!} To design and build |/||||||| * an integrated chain of lower cost processes *to produce high technology superior finished metal and chemical products from Astron’s own large mineral sand resources Mineral sands -Titanium, silicon, aluminum, Zirconium, iron a
Slide 7: Financial highlights 2008
ASTFAN Financial highlights 2008
Slide 8: Revenue
Revenue ASTIN 104.7 140.3 151.2 184.0 204.2 2004 2005 2006 2007 & ASM 2008 = Revenue growth of 20 million =2008 Revenue is 79 for disc, 11 cont and 114 sale =2007 Revenue is 184 for disc
Slide 9: Net profit
Net profit 4 ASM =Net profit after tax of 112 million =Being profit on sale 115 & -3 other operations/provisions
Slide 10: Net asset
Net asset 211.9 “ ASM 947 98.0 718 a | 2004. 2005 2006 2007 2008 =Net assets per share $3.28 =Net assets exclude provisions of 7m TiO2 & 6m Gambia
Slide 11: Cash/marketable securities
ASIN Cash/marketable securities (asm) 185.6 ASM
Slide 12: Earnings per share (EPS)
ASIF=N Earnings per share (EPS) 1.8 “ASM
Slide 13: Share price
PSTN Share price 30 31 27 26 17 | i ASM 2008 2008 «= 2006-~Ss(2007'—S «2008 "Cash per share $2.87 «Net assets per share $3.28 (plus provisions)
Slide 14: Operating overview
008 operating overview First half result (discontinued business) @ Decline in revenue and margins @Effected by a Focus on Imerys sale Second half result @Effected by Imerys handover Focus @ Interest income less overheads and project expenses Rebuilding after sale completion @ Key staff and systems @
Slide 15: 2009 Outlook - Business
2009 Outlook - BusinesS™ "Rebuilding Key staff and systems «Continuing modest product trading and market development "Commercial opportunities will be evaluated for acquisitions in industries related to core competency "Reduced profit from Interest less continuing administration and expenses for pro
Slide 16: Outlook - China
ASTReN 009 Outlook - China @China’s economic growth will slow to forecast 8.0% @ Current Global economic crisis adds serious uncertainty @ China still considered a great future business location @ Likely big opportunities — to build and grow 4| @Astron has a great chance with its experience
Slide 17: Outlook - projects
009 Outlook - projects " @ Titanium base > 133 ha Industrial land »>Ti02 project approvals > Joint venture discussions ongoing @Research-New process pilot plants >Ti metal >» Rutile from Ilmenite > Zirpaque @Mineral sands mining and processing »Donald mining project - getting ready »Donald related p
Slide 18: Donald Update
For personal use only
Slide 19: For personal use only
For personal use only
Slide 20: Where are we?
ASTReN Where are we? EES finalised Mining Lease surveyed (18% of total resource) Mining methodology selected Wet Separation Plant design finalised Concentrator Upgrade Plant design finalised Minerals Separation plant design finalised (China)
Slide 21: Will it make money?
ASTIN Will it make money? Feasibility Study completed NPV $204 million Payback 4 years IRR 36%
Slide 22: What Next?
What Next? Federal Government Environmental approval Cultural Heritage Management Plan Work Plan Property acquisition Plant construction contract Mining contract Construction and Commissioning
Slide 23: When do we see product?
ASTReN When do we see product? First mine production January 2010 Saleable product from mine April 2010 Saleable product available in China July 2010
Slide 24: For personal use only
For personal use only