Slide 1: FY2021 Results Presentation
Austin Engineering Limited FY2021 Results Presentation 25 August 2021
Slide 2: FY 2021 Key Facts
FY 2021 Key Facts $203.1M $135.3M 10 4 Revenue Truck body Locations across Manufacturing revenue six continents, sites across four including partners continents $90.0M 50+ years 1,104 Employees and Order book and Engineering and contractors committed work manufacturing (30 June 2021) mining equipmen
Slide 3: Key financials
Key financials Year-on Year change Revenue $203.1 m 6% EBITDA $21.4 m 8% UNDERLYING NPAT $9.6 m 1% Final Dividend 0.3 cps 0% Order book and committed work $90.0 m 2% P3 Austin Engineering Limited FY21 Results Presentation | August 2021 www.austineng.com
Slide 4: Financial Results
Financial Results Sam Cruickshank, Chief Financial Officer P4 Austin Engineering Limited FY21 Results Presentation | August 2021 www.austineng.com
Slide 5: Financial Performance: Normalised
Analysis of Financial Results Financial Performance: Normalised 30 June 30 June 2020 to 2021 12 months ending 2021 2020 % Change Revenue $M 203.1 216.0 (6)% Gross profit $M 55.4 56.8 (2)% Gross margin % 27.3% 26.3% 4% EBITDA $M 21.4 23.3 (8)% • Underlying NPAT of $9.6 million, exceeding stated guida
Slide 6: Financial Performance: Reconciliation Underlying to Statutory NPAT
Analysis of Financial Results Financial Performance: Reconciliation Underlying to Statutory NPAT Underlying NPAT provides a more accurate picture of Austin’s profitability from its operations going forward. The relevant comparative result in FY20 equated to $9.5 million. P6 Austin Engineering Limite
Slide 7: Cash Flow
Analysis of Financial Results Cash Flow Fiscal year ending • Operating cash flows impacted by: $M 30 June 2021 30 June 2020 • Working capital normalised from low level in Cash flows from operating activities pcp. driven by increased receivables, and NPAT (0.5) 5.2 Add: decreased revenues received in
Slide 8: Sector Analysis
Analysis of Financial Results Sector Analysis 30 June 30 June 30 June 30 June 30 June 30 June Asia-Pacific 2021 2020 North America 2021 2020 South America 2021 2020 Revenue (continuing operations) $M 138.3 116.7 Revenue (continuing operations) $M 35.7 66.4 Revenue $M 29.1 32.8 EBITDA (normalised) $M
Slide 9: Global Strategy
Global Strategy David Singleton, Chief Executive Officer and Managing Director P9 Austin Engineering Limited FY21 Results Presentation | August 2021 www.austineng.com
Slide 10: Global Strategy
Global Strategy To be a technology-led Australian leader in mining product manufacture Phase 3 (FY 2023/4) Technology and Innovation • Austin innovation and technology group formed 3 • Technology investment to produce mining equipment to improve operational efficiency, reduce site manning and reduce
Slide 11: Outlook
Outlook P 11 Austin Engineering Limited FY21 Results Presentation | August 2021 www.austineng.com
Slide 12: Outlook
Outlook Outlook Short term Medium term Guidance • Cost base optimisation • $6.5 million investment in • Austin does not expect to give full approaching 85% complete advanced manufacturing will year profit guidance until later in reduce costs from FY 2023 the year • Market remains strong in Asia onwa
Slide 13: Important Information
Important Information This presentation has been prepared by Austin Engineering Limited (ABN 60 078 480 136) (“Austin” or the “Company”). The information in this presentation should be read in conjunction with Austin’s continuous disclosure announcements. The information is of a general nature and h
Slide 14: Appendices
Appendices P 14 Austin Engineering Limited FY21 Results Presentation | August 2021 www.austineng.com
Slide 15: 1. Financial Results
1. Financial Results P 15 Austin Engineering Limited FY21 Results Presentation | August 2021 www.austineng.com
Slide 16: Financial Performance: Statutory
Analysis of Financial Results Financial Performance: Statutory 2020 to 2021 • $6.6 million impairments included: 12 months ending 30 June 2021 30 June 2020 % Change ▪ $3.9 million goodwill impairments for Revenue $M 203.1 216.0 (6)% Mackay businesses consolidation Gross profit $M 55.4 56.8 (2)% ▪ $1
Slide 17: Balance Sheet and Other Items
Analysis of Financial Results Balance Sheet and Other Items Increase in Net Debt to support working capital Final Dividend determined of 0.3 cps • Net debt increased to $10.7 million, primarily to support working capital • Final Dividend held at 0.3 cps, payable on 30 September 2021, Record date 10
Slide 18: Property Portfolio
Analysis of Financial Results Property Portfolio Austin owns several properties globally to conduct business. Three are currently marketed for sale in South America following recent business restructures in this region Property, Plant and Assets Held Carrying Values ($M) Equipment for Sale Property
Slide 19: 2. Sustainability
2. Sustainability P 19 Austin Engineering Limited FY21 Results Presentation | August 2021 www.austineng.com
Slide 20: Sustainability: Safety
Sustainability Safety Safety statistics Safety Leadership LTIFR TRIFR • During FY21 Austin rolled out the Critical Control Effectiveness 20.0 20.0 18.0 18.0 Monitoring Program (CCEMP) globally across all business units 16.0 16.0 Frequency rate • Group Critical Risk 'fact sheets’ were completed and d
Slide 21: Sustainability: People
Sustainability People Headcount Safety Leadership Growth in Communities 2,000 North America • Of our total global workforce (including labour hire) of 1,104 at 1 July 2021, 80% 1,800 of the workforce in each of our facilities globally is sourced from local South America 1,600 communities. Asia Pacif
Slide 22: Sustainability: Environment
Sustainability Environment Using the Austin Environmental Policy, we have begun to formulate guidelines for the assessment and management of climate-related risks and opportunities for mitigation at each of our global manufacturing operations. • Implemented technology to reduce scrap steel by improv