Austal Limited · ASX:ASB
Austal — Shareholder Meeting (November 2022)
25 slides from Austal's shareholder meeting presentation, Nov 23, 2022
Slide 1: Annual General Meeting FY2022
Annual General Meeting For personal use only FY2022 Paddy Gregg, Chief Executive Officer 23 November 2022 1. Welcome to FY2022 AGM 1
Slide 2: FY2022 Full Year - Key Facts
FY2022 Full Year - Key Facts For personal use only $1,429 M $3.0 B 26 9 5,000 SHIPS UNDER SHIPS REVENUE ORDER BOOK EMPLOYEES ($7 B with OPC CONSTRUCTION DELIVERED options) OR SCHEDULED 42 VESSELS UNDER 5 SHIPYARDS SUSTAINMENT CONTRACTS IN 4 COUNTRIES 8 SERVICE CENTRES IN 5 COUNTRIES 2 1. Significant
Slide 3: Financial Headlines FY2022
Financial Headlines FY2022 For personal use only $m FY2022 Change from PCP Revenue $ 1,429 m (9%) EBIT $ 120.7 m 5% NPAT $ 79.6 m (2%) Total Dividends Declared 8 ¢ per share - Operating Cash Flow $ 37.5 m (60%) 1 Net Cash $ 115.6 m (50%) 1. FY2021 excluded the notional debt of the CCPB 9 & 10 leasin
Slide 4: Financial Outlook
Financial Outlook For personal use only • Austal has secured a significant pipeline of work recently and the current macroeconomic environment is volatile, including residual impacts from COVID-19 • For this transition year as we move from established existing programmes through the design and long
Slide 5: News since FY22 Results
News since FY22 Results For personal use only • ASIC closure • 2022 ESG Report released, including GHG emission reduction targets • EPF13 trials completed • Coast Guard approval to proceed with OPC project despite protest from Eastern Shipbuilding • No new commercial orders • 3rd Evolved Cape-class
Slide 6: Molslinjen Express Launch Video
Molslinjen Express 5 For personal use only Launch Video Video of Express 5 in the Philippines 6
Slide 7: Business Overview
Business Overview For personal use only 7 A Guardian Class Patrol Boat being transported from Hope Valley Road to waterfront for launch. 7
Slide 8: Shipbuilding Contracts
Shipbuilding Contracts For personal use only • Pipeline of US Government and Commonwealth of Australia shipbuilding programs – aluminium and steel • Four ships awarded to Austal USA and two to Austal Australia in FY2022 • Recent awards valued at ~ US$3.7 Billion (including OPC options) OPC Cut metal
Slide 9: Expanding Shipbuilding
Expanding Shipbuilding For personal use only Light Amphibious Warship Future Frigate Australian ILMV for the Australian Army T-AGOS Large Unmanned Surface Vessel SMART Autonomous Solutions We have space to continue to expand our capacity in the US 1. We continue to expand our capabilities and produc
Slide 10: Enhancing Systems
Enhancing Systems With a growing range of digital products For personal use only + + LUSI • Vessel control & monitoring of • Machine learning to optimise • Fleet wide asset management all onboard equipment vessel performance & availability planning • Intuitive 3D interface • Recommendations in real-
Slide 11: Extending Support - Australia
Extending Support - Australia For personal use only Henderson, WA Darwin, NT Cairns, QLD Brisbane, QLD 1. Austal invested in refurbishing its Brisbane slipway in FY2022. 2. There is potential revenue growth in service work as more Guardian Class and Evolved Cape Class vessels are delivered. 11
Slide 12: Extending Support - USA
Extending Support - USA For personal use only Austal West Campus, Mobile, New Support Facilities Alabama, USA San Diego, California, USA 1. Austal successfully completed its acquisition of MGBW in San Diego in December 2021. 2. The Graphic shows where Austal would operate the floating dock we have o
Slide 13: Strategic Outlook
Strategic Outlook 1. Fundamentally delivering our growth and diversity plan For personal use only 1. Steel 2. Systems 3. Autonomy 4. Future Fuels 2. Significant success in winning steel work with orderbook ~$7 billion (OPC options included) 3. Much broader and deeper pipeline 1. Programs e.g. T-AGOS
Slide 14: OP60 Video
OP60 Video For personal use only Video #1 top be played – OP60 (Short) 14
Slide 15: Disclaimer
Disclaimer For personal use only Paddy Gregg, Chief Executive Officer Telephone: +61 8 9410 1111 For further information visit www.austal.com Disclaimer This presentation and any oral presentation accompanying it has been prepared by Austal Limited (“Austal”). It should not be considered as an offer
Slide 16: Resolution: Adoption of Remuneration Report
Resolution 1 For personal use only “That the Remuneration Report as set out in the Annual Report for the year ended 30 June 2022 be adopted.” Eligible proxies received : FOR AGAINST PROXY’S DISCRETION 230,073,928 1,556,284 755,209 99.01% 0.67% 0.32% 16
Slide 17: Resolution: Re-election of Sarah Adam-Gedge
Resolution 2 For personal use only “That Ms Sarah Adam-Gedge, being a Director of the Company who retires in accordance with Article 8.1(f) of the Company’s Constitution and, being eligible, is re-elected as a Director of the Company.” Eligible proxies received : FOR AGAINST PROXY’S DISCRETION 254,6
Slide 18: Resolution: Approval of Austal Limited Rights Plan
Resolution 3 For personal use only “That, for the purposes of ASX Listing Rule 7.2 exception 13(b) and for all other purposes, approval be given to the Austal Limited Rights Plan and for the grant of indeterminate rights, and further issues of Shares on vesting and exercise of such Rights, on the te
Slide 19: Resolution: Share Rights to Sarah Adam-Gedge
Resolution 4 For personal use only “That, subject to the passing of Resolution 2 above, pursuant to and in accordance with Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to $26,416 worth of Share Rights to Ms Sarah Adam-Gedge on the terms and conditions set out i
Slide 20: Resolution: Share Rights to Chris Indermaur
Resolution 5 For personal use only “That, pursuant to and in accordance with Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to $26,416 worth of Share Rights to Mr Chris Indermaur on the terms and conditions set out in the Explanatory Memorandum, and any issue of
Slide 21: Resolution: Share Rights to Giles Everist
Resolution 6 For personal use only “That, pursuant to and in accordance with ASX Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to $26,416 worth of Share Rights to Mr Giles Everist on the terms and conditions set out in the Explanatory Memorandum, and any issue o
Slide 22: Resolution: STI Deferred Equity Rights to Patrick Gregg
Resolution 7 For personal use only “That pursuant to and in accordance with Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of 149,153 Short Term Incentive Deferred Equity Rights for FY22 under the Austal Limited Rights Plan to Mr Patrick Gregg, on the terms and conditi
Slide 23: Resolution: LTI Rights to Patrick Gregg
Resolution 8 For personal use only “That pursuant to and in accordance with Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of up to 416,872 Long Term Incentive Rights under the Austal Limited Rights Plan for FY2023 to Mr Patrick Gregg on the terms and conditions set ou
Slide 24: Resolution: Issue of Shares to Patrick Gregg
Resolution 9 For personal use only “That pursuant to and in accordance with Listing Rule 10.14 and for all other purposes, Shareholders approve the issue of 41,831 Shares to Mr Patrick Gregg pursuant to the exercise of 41,831 vested LTI Rights (granted for FY2020) on the terms and conditions set out
Slide 25: End
End For personal use only ASX:ASB austal.com 25