Austin Engineering Limited · ASX:ANG

Austin Engineering — FY2008 Earnings Presentation

16 slides from Austin Engineering's earnings presentation, Aug 18, 2008

1. Slide 1: Full Year 2008 Presentation

   For personal use only Austin Engineering Full Year 2008 Presentation August 18, 2008

2. Slide 2: FY2008 Highlights - Another Record Performance

   FY2008 Highlights - For personal use only Another Record Performance ƒ Revenue up 85% to $106m ƒ EBIT up 133% to $17.05m, in line with earnings guidance issued in July 2008 ƒ EPS up 99% to 24.7cps ƒ Full year dividend up 88% to 7.5cps ƒ Record results driven by strong demand for the company’s produc

3. Slide 3: Financial highlights for FY2008

   Financial highlights for FY2008 For personal use only FY2008 FY2007 Increase $m $m % Revenue 106.34 57.50 85% EBITDA 18.86 8.46 123% EBIT 17.05 7.31 133% PBT 16.40 7.10 131% NPAT 11.54 4.98 132% Basic earnings per share (cents) 24.73 12.45 99% Final dividend per share (cents) 6.5 3.5 86% Total annua

4. Slide 4: Track record of growth: Revenue

   Track record of growth For personal use only 9 Revenue growth achieved through strong demand for products and services 9 Revenue includes full year of contribution from Austbore and seven months of Westech 9 Revenue growth of 30% across existing Queensland and WA operations 9 Improved NPAT result re

5. Slide 5: Track record of growth: EBIT and NPAT

   9 Significant EBIT and NPAT Track record of growth For personal use only volume increase from increased revenue 9 High levels of capacity utilisation throughout the year resulted in greater efficiencies 9 Improved margins from consolidation into product- line manufacture and increased exposure to re

6. Slide 6: Track record of growth: EPS and DPS

   Track record of growth For personal use only 9 Increased EPS and DPS performance flowing from underlying increased revenues, profitability improvements and solid business fundamentals Five Year Chart

7. Slide 7: Austin's balance sheet

   Austin’s balance sheet For personal use only 9 Net asset growth of 70% over the year 9 Continued strong, positive cash balances 30 June 2008 30 June 2007 Increase 9 Increased property asset $m $m % base following acquisition Working capital 12.14 7.88 54% of Westech and completion Property, plant an

8. Slide 8: Austin's cashflow

   Austin’s cashflow For personal use only 9 Solid operational cash flow in the year of $13.5m 9 Ongoing benefit of advance progress FY2008 FY2007 $m $m payments from customers 9 $5.7m expended on Operating cashflow 13.48 3.67 capital programs to Capex cashflow (5.67) (1.44) expand capacity and improve

9. Slide 9: Operational review - Perth

   Operational review - Perth For personal use only ƒ Record revenue and productive activity in the year ƒ High level of activity for dump truck bodies, excavator buckets and associated equipment manufacture from WA mining sector ƒ Benefits of second workshop leased in September 2007 and associated 65%

10. Slide 10: Operational review - Brisbane

    Operational review - Brisbane For personal use only ƒ Significantly improved business and operating conditions during the year ƒ High level of activity throughout the year with much higher levels of capacity utilisation ƒ Customer base successfully expanded ƒ Increased and successful marketing of We

11. Slide 11: Operational review - Westech

    Operational review - Westech For personal use only ƒ Operations successfully and easily integrated into Austin’s existing management and operational structures ƒ High level of activity since acquisition, with a solid and consistent manufacturing activity base ƒ Operating result ahead of expectations

12. Slide 12: Operational review - Mackay

    Operational review - Mackay For personal use only ƒ Revenue and contributions from the Kaldura operation significantly impacted by major flooding in the Central Queensland coalfields over January and February 2008 ƒ Three months of lost revenue and profit contribution experienced by Kaldura, due to

13. Slide 13: Operational review - Middle East

    Operational review - Middle East For personal use only ƒ Busbar manufacture project for Sohar Aluminium Smelter completed on time and to the customer’s exacting standards ƒ Four year maintenance contract worth a minimum of US$4m awarded to the joint venture for the repair of anode stems for the Soha

14. Slide 14: Outlook

    Outlook For personal use only ƒ Record work in hand with order book now stretching into FY2010 ƒ Further increases in all key financial measures forecast for FY2009 ƒ Market conditions across all locations expected to remain very strong as the resources business sector continues to maintain and expa

15. Slide 15: World's largest non-OEM designer and manufacturer of mining dump truck bodies

    For personal use only World’s largest non-OEM designer and manufacturer of mining dump truck bodies For more information please visit www.austineng.com.au

16. Slide 16: Disclaimer

    Disclaimer For personal use only Austin Engineering Limited has made every effort to ensure the accuracy of information contained in this presentation. This presentation has been prepared by Austin Engineering based on information available to it at the date of this presentation. No responsibility o

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