Veem Ltd. · ASX:VEE
Veem — Shareholder Meeting (November 2018)
22 slides from Veem's shareholder meeting presentation, Nov 28, 2018
Slide 1: AGM Presentation
AGM Presentation November 2018
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: Overview
Overview Established and highly regarded industry leader VEEM is a Perth based high-technology specialist manufacturer of premium marine propulsion and gyro- stabilisation systems Passionate about design and engineering excellence An industry leader with an outstanding brand and reputation, ce
Slide 4: Company Overview
Company Overview The VEEM Board VEEM Key Management VEE Brad Miocevich Les Kay ASX Code Chairman General Manager Mark Miocevich Bruce Bell Managing Director & CEO Commercial Manager $0.59 Ian Barsden Jamie Robinson Share Price Non Executive Director Business Development Manager- Mike Bailey Independ
Slide 5: Our Business
OUR BUSINESS
Slide 6: VEEM Propellers
VEEM Propellers World’s most advanced CNC fixed pitch propellers able to operate at higher speeds - up to 54 knots. VEEM patented “Interceptor” pitch changing technology. World’s most advanced fixed pitch propeller manufacturing facilities – now up to 4.6m in diameter. Robotically produced mol
Slide 7: Conquest Propellers
Conquest Propellers Conquest Propeller have been developed to specifically meet the demands of the replacement propeller market Since the release of Conquest in 2016, VEEM has been actively engaging propeller distributors around the world. Current number of dealers and stockists around the world
Slide 8: Propulsion Packages
Propulsion Packages Shaftlines packages now moving into commercial phase. New software to auto design and draw shaft lines completed and in use. Software provides minimal cost designs for shaft lines to all major surveying authorities. Working on new high efficiency drive system designs to com
Slide 9: Gyroscopic Stabilisers
Gyroscopic Stabilisers VEEM Gyros are designed and packaged to reduce vessel roll which increases comfort and vessel operational performance in all sea conditions. VEEM Gyro Range Size Model Torque Boat size (approx. per 1 unit) Small VG120SD 120k Nm 25 to 30m Small VG145SD 145k Nm 30 to 35m Medium
Slide 10: Gyroscopic Stabilisers
Gyroscopic Stabilisers $2,750,000 orders in hand for 2019 FYTD. Successful sea trials of VG260SD sea trials on Damen FCS 7011 in the Netherlands. Inventories of VG120SD and VG260SD built to cater for future demand. VG1000SD long lead time items in ordered. $530,000 of gyro sales during FY2
Slide 11: FY18 Financial Result
FY18 FINANCIAL RESULT
Slide 12: FY18 Financial Result
FY18 FINANCIAL RESULT FY18 was another productive year for VEEM Ltd. Due to the cyclical nature of the submarine refit FY18 FY17 program, revenue for FY2018 was impacted by lower sales in this area, however other sales in the Operating Revenue $40.71m $38.08m Company's traditional services resulte
Slide 13: Market Update
MARKET UPDATE
Slide 14: Market Update
Market Update Solid progress made already in FYTD VEEM Gyros Increased exposure in the US market in May 2018 with an agent Halo Iron works who have placed two orders FYTD. Third repeat order from Netherland’s shipbuilder Van Der Valk and further repeat engagement from three other customers. VEEM
Slide 15: Market Update cont.
Market Update cont. Solid progress made already in FYTD Defence Full cycle submarine docking valve orders are due in the next 12 months. Pacific Patrol Boat shaft line won, tender process underway with Future Frigate and new Subs. Fin ride control work load is strong for the next 24 months. Pr
Slide 16: Continued Strategy and Drivers for Growth
Continued Strategy and Drivers for Growth Strategy Drivers for Growth VEEM has strong capability and sees specific Sales and Marketing via third party growth opportunities in: distributors and agents high-end marine propulsion equipment (propellers and shaft lines) for the Continuous research
Slide 17: Summary
Summary Total world domination of sophisticated marine products Traction and engagement with key OEMs growing, Gyro sales increasing. Gyros continue to meet technical expectation. Defence component remains strong – PPB contract award, Future Frigate, submarine tendering. $640,000 Conquest pr
Slide 18: Appendices
APPENDICES | —
Slide 19: Where we came from?
Where we came from? For a long time, partly due to our location and markets, VEEM was a manufacturer of anything and everything. VEEM has supplied to: Boeing and Airbus (B737, A320 components) CERN Large Hadron Collider (radiation shields) precision hull valves to submarine builders ride con
Slide 20: Our skills
Our skills As a result we had developed a wide capability and capacity of engineering skills including: Detail engineering design Hydrodynamics 3D modelling Programming Electronics High compliance casting - Produce over 250 types of alloys. CNC machining Robotics Dynamic balancing
Slide 21: Business History
Business History 2012 Continuing our story 2005/6 New workshops Fast loop combining Osborne manufacturing Park into Canning process Vale implemented four year $30m LCS contract 2016 with Austal Conquest Ships secured Propellers 2000 2006/7 released 1987 Propeller Interceptor 2018 Quality System Expo
Slide 22: What and Who are we now?
What and Who are we now? Eventually we realised that we were a Manufacturer of Sophisticated Marine Products with one unique VEEM product that we were selling globally. This recognition led us to developing more marine products to build our future on. Products like VEEM gyros, Conquest, VEEM shaft l