Austin Engineering Limited · ASX:ANG
Austin Engineering — Shareholder Meeting (November 2021)
22 slides from Austin Engineering's shareholder meeting presentation, Nov 26, 2021
Slide 1: 2021 Annual General Meeting
2021 Annual General Meeting 26 November 2021
Slide 2: Format of Meeting
Format of Meeting 1. Chair’s Address 2. CEO & Managing Director’s Address 3. Formal Business - Financial Statements and Reports Discussions/Questions - Discussion of Resolutions and Voting - Questions . Closing a
Slide 3: Chairman's Address
Chairman’s Address Jim Walker
Slide 4: CEO & Managing Director Address
CEO & MANAGING DIRECTOR ADDRESS David Singleton
Slide 5: Annual General Meeting 2021
Austin Engineering | 26 November 2021 Annual General Meeting 2021
Slide 6: One of Australia's leading Mining Products groups
austin One of Australia’s leading Mining Products groups.
Slide 7: Welcome to Austin 2.0
Welcome to Austin 2.0 Drive to higher EBITDA margins through cost optimisation. Advanced manufacturing & processes to drive competitiveness & market share. Meet miners needs in decarbonisation, efficiency and safety through Innovation & Technology
Slide 8: Outlook: Austin 2.0 Strategy - Cost savings
Outlook —S austin Austin 2.0 Strategy 1. Three step strategy is delivering forecast 3) cost savings boas + ~90% of planned cost optimisation completed YTD. + Peru operations and Mackay workshop closed and facilities held for sale ( value ~$10m inc. excess facilities in Chile and Columbia) + Design a
Slide 9: Outlook: Advanced Manufacturing
Outlook Austin 2.0 Strategy 2. Implementation of Advanced Manufacturing is proceeding to 3) schedule + Board approvalreceived in June 2021 * Project plan completed and savings identified. + Perth facility implementation underw ay with initial capability in Q3 FY22. * Operational 4 (long) day w eekim
Slide 10: Outlook: Investment in Innovation and Technology
Outlook Austin 2.0 Strategy 3. Investment in Innovation and Technology paying dividends * Technology Hub willensure Austin leads in its fields. + New truck body designs deployed to overcome shipping logistics issues. + First sale made of new design to Central Asia. + Anti-hang-up body designed for m
Slide 11: Business Outlook
—S austin Business Outlook + Cost focus is delivering EBITDA margin increase as expected YTD EBITDA margins are ~ circa 13% (PCP ~7%) and expected to rise as revenue increases in H2 + H1 EBITDA forecast minimum of $10 million (FY21act. $6.3m) Current outstanding order book up ~ 9% on PCP Forecasting
Slide 12: Formal Business
Austin Engineering | 26 November 2021 12
Slide 13: Financial Report Discussion
Financial Report Discussion To receive and consider the Financial Statements and the reports of the Directors and the Auditor for the financial year ended 30 June 2021. 13
Slide 14: Adoption of Remuneration Report
Resolution 1 ADOPTION OF REMUNERATION REPORT 250R(2) of the Corporations Act: year ended 30 June 2021) be adopted.” To consider and, if thought fit, pass the following ordinary resolution under section “That the Remuneration Report (which forms part of the Directors’ report for the Note: The vote on
Slide 15: Adoption of Remuneration Report: Proxy Votes
Resolution 1 continued ADOPTION OF REMUNERATION REPORT For: 330,818,727 Against: 8,230,241 Abstain: 5,846,708 At the Proxies’ Discretion: 1,696,863 Total Proxy Votes: 346,592,539 15
Slide 16: Re-election of Chris Indermaur as Non-Executive Director
Resolution 2 RE-ELECTION OF CHRIS INDERMAUR AS A NON-EXECUTIVE DIRECTOR To consider and, if thought fit, pass the following as an ordinary resolution: “That Mr Chris Indermaur, who retires with effect from the end of the Annual General meeting in accordance with rule 3.6 of the Company’s constitutio
Slide 17: Re-election of Chris Indermaur: Proxy Votes
Resolution 2 continued RE-ELECTION OF CHRIS INDERMAUR AS ANON-EXECUTIVE DIRECTOR For: 333,519,040 Against: 4,566,820 Abstain: 6,809,816 At the Proxies’ Discretion: 1,696,863 Total Proxy Votes: 346,592,539 17
Slide 18: Approval to Issue Securities Under Performance Rights Plan
Resolution 3 APPROVAL TO ISSUE SECURITIES UNDER PERFORMANCE RIGHTS PLAN To consider and, if thought fit, pass the following as an ordinary resolution: “That for the purposes of Listing Rule 7.2 (exception 13) and for all other purposes, future issues of securities under the Performance Rights Plan,
Slide 19: Performance Rights Plan: Proxy Votes
Resolution 3 continued APPROVAL TOISSUE SECURITIES UNDER PERFORMANCE RIGHTS PLAN For: 329,918,945 Against: 14,837,663 Abstain: 187,330 At the Proxies’ Discretion: 1,648,601 Total Proxy Votes: 346,592,539 19
Slide 20: Issue of Options to David Singleton
Resolution 4 ISSUE OF OPTIONS TO DAVID SINGLETON To consider and, if thought fit, pass the following as an ordinary resolution: ‘That for the purposes of Listing Rule 10.14, Chapter 2E of the Corporations Act, Part 2D.2 (including sections 200B and 200E) of the Corporations Act, Listing Rule 10.19,
Slide 21: Issue of Options to David Singleton: Proxy Votes
Resolution 4 continued ISSUE OF OPTIONS TO DAVID SINGLETON For: 311,700,968 Against: 19,674,611 Abstain: 294,366 At the Proxies’ Discretion: 1,628,601 Total Proxy Votes: 333,298,546 21
Slide 22: Meeting Closed
MEETING CLOSED 2021 Annual General Meeting 26 November 2021 22
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