Veem Ltd. · ASX:VEE
Veem — Shareholder Meeting (November 2025)
20 slides from Veem's shareholder meeting presentation, Nov 27, 2025
Slide 1: Managing Director Presentation
AGM Presentation 26 November 2019 Managing Director Presentation Annual General Meeting 27 November 2025
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT This document, including the information contained in this disclaimer, is not a prospectus, product disclosure statement or other disclosure document and does not constitute, or form any part of, an offer to sell, or a solicitati
Slide 3: VEEM – Who we are
1. VEEM – Who we are 2. FY25 Summary 3. Defence 4. Propulsion 5. Gyrostabilisers 6. Engineering Products and Services 7. Corporate 8. Trading Update 9. Q & A 10. Appendices 3
Slide 4: Demonstrated long term growth – Defence and New Products will drive future
Demonstrated long term growth – Defence and New Products will drive future Annual Revenue Since Listing 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 $ 30,000,000 20,000,000 10,000,000 - FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 4
Slide 5: FY25 Summary – A Year of Consolidation
FY25 Summary – A Year of Consolidation • VEEM’s FY25 had a strong second half with increased revenue and profitability with FY26 expected to be the same. • Revenue was $68.6m with 2HFY25 revenue of $35.1m up 4% on 1HFY25 but FY25 FY24 FY25 was down 15% on FY24. A$mil. A$mil. • EBITDA was $9.2m with
Slide 6: Defence - FY25 Review
Defence - FY25 Review • Overall defence revenue was $15.6m, down $5.2m on FY24 due to the cyclical nature of the ASC contract noting ASC revenue was down $9.6m with other Defence revenue (up $4.3m) partially compensating. • 6 year- $65m contract signed with ASC (Announced 12 August 2025), revenue ex
Slide 7: Defence - Outlook
Defence - Outlook • Subsequent to signing the ASC contract, orders were slower to arrive than anticipated but have been begun to be received underpinning significant 2HFY26 revenue growth. • Post qualification for the Hunter Class Frigate Program, which is expected by end of 2025, manufacturing is a
Slide 8: Australia’s Largest Ever Defence Procurement Program
AUKUS Australia’s Largest Ever Defence Procurement Program Austal – Officially selected as Australia’s US Defence – HII & strategic shipbuilder. Northrop Grumman VEEM has supplied Only possible due to VEEM’s provide pathway into First contract signed proprietary high tensile material propulsion syst
Slide 9: Propulsion – FY25 Review & Outlook
Propulsion – FY25 Review & Outlook • Propulsion revenue continued to be strong in FY25 coming off a record year in FY24 which had a backlog to clear. Total propulsion revenue (incl Defence) was $35.0m compared to $35.3m for FY24. • Overall global demand for inboard powered marine vessels is expected
Slide 10: New Product Launch - VEEM EXTREME
New Product Launch -VEEM EXTREME World’s most efficient propulsion system - 18.1% more efficient! First contract signed with Manly Fast Ferries to supply six vessels. Only possible due to VEEM’s proprietary high tensile material Significant efficiency gains and and quality casting and machining rapi
Slide 11: Gyrostabilisers - FY25 Overview & Outlook
Gyrostabilisers - FY25 Overview & Outlook • In FY25 VEEM sold 13 gyros (FY24: 18) generating revenue of $9.6m (30 June 2024: $12.3m). • FY25 saw the introduction of new and repeat customers from both the commercial and recreational segment. • FY24 was particularly strong due to acceleration of the S
Slide 12: New Product Launch. Gyro – MARK III
New Product Launch. Gyro – MARK III 12
Slide 13: Engineering Products and Services FY25 & Outlook
Engineering Products and Services FY25 & Outlook • VEEM’s EP&S (excl defence) revenue for FY25 was $16.7m up $0.8m (+5%) on FY24 as demand remained strong and additional work used some capacity left by reduction in defence work. • Repeat orders in H2FY25 of complex work achieved the margins expected
Slide 14: Corporate
Corporate • VEEM successfully completed a $14m capital raising (before costs) subsequent to the end of the FY25 financial year. • $1m of the $14m in relation to the Miocevich Family participation is subject to shareholder approval at the AGM. • The proceeds will be used for working capital and to st
Slide 15: Trading Update – 1HFY26
Trading Update – 1HFY26 • 1HFY26 has been slower than anticipated due to a delay in receipt of ASC orders post signing the contract and security clearance delays for the Hunter class propeller project. The Company has begun to receive the ASC orders and this is expected to continue to the end of cal
Slide 16: A hy
A hy Wh
Slide 17: Contacts
ASX : VEE Contacts Mark Miocevich Tino Kapfumo Jonas Fitzgerald Managing Director CFO & Co Sec IR Consultant, Lancaster Grove Capital +61 8 9455 9355 +61 8 9455 9355 +61 427 104 488 Jonas.fitzgerald@lgcapital.com.au @VEEM_Ltd VEEM_Ltd
Slide 18: Appendices
Appendices
Slide 19: Corporate Summary
Corporate Summary Corporate Snapshot VEE Share Price History 2 2.5 Vol. - Million ASX Code VEE 1.8 Share Price (26 Nov 2025) $1.12 1.6 2 1.4 Market Capitalisation (26 Nov 2025) $163m 1.2 1.5 Shares on Issue (26 Nov 2025) 146.0 1 Net Debt (Pro-forma post capital raise) $0.6m 0.8 1 0.6 Substantial Sha
Slide 20: VEEM Extreme - Appendix
VEEM Extreme - Appendix • VEEM Extreme range launched which is VEEM’s most efficient propulsion package yet with up to 18.1% fuel efficiency gains. • VEEM Extreme propulsion package consists of VEEM propeller, twisted rudder and fully flow-aligned shaft line package including V and P bracket made in