Advanced Braking Technology Limited · ASX:ABV
Advanced Braking Technology — Shareholder Meeting (October 2010)
22 slides from Advanced Braking Technology's shareholder meeting presentation, Oct 26, 2010
Slide 1: Presentations to be delivered at the 2010 AGM
For personal use only 26th October 2010 AUSTRALIAN STOCK EXCHANGE LIMITED Electronic Lodgment PRESENTATIONS TO BE DELIVERED AT THE 2010 AGM Appended are copies of the Chairman’s Address and the CEO’s and CFO’s presentations to be delivered to Shareholders at the Company’s 2010 Annual General Meeting
Slide 2: Chairman's Address to the 2010 Annual General Meeting
26th October 2010 For personal use only Chairman's Address to the 2010 Annual General Meeting My name is David Humann and I am the Chairman of your Board of Directors. Welcome to all of you to our 2010 Annual General Meeting of Shareholders. Please participate in the meeting and ask questions during
Slide 3: Chairman's Address (continued)
Ken Johnsen will give a more detailed presentation on the business and its progress after I have completed my statement. I believe, as far as Australia is concerned, the so called "global financial crisis” is behind us. It seems confidence has returned to the mining and oil and gas industries and th
Slide 4: Annual General Meeting Agenda
For personal use only Light Vehicles Garbage Trucks Service Trucks Concrete Trucks Annual General Meeting 26th October 2010 Agenda • Chairman’s Address • Formal Business • CEO’s Report • CFO’s Report • Questions and Answers Slide 2 1
Slide 5: Chairman's Address / Formal Business
For personal use only Chairman’s Address Mr David Humann Chairman Advanced Braking Technology Ltd Slide 3 FORMAL BUSINESS Slide 4 2
Slide 6: Proxies
Proxies For personal use only Resolution For Discretion Abstain Against Total 1 39,149,369 3,993,976 0 1,483,085 44,626,430 2 40,632,454 3,993,976 0 0 44,626,430 3 39,882,454 3,993,976 0 750,000 44,626,430 4 39,149,369 3,993,976 0 1,483,085 44,626,430 5 39,867,454 3,993,976 0 765,000 44,626,430 Slid
Slide 7: Overview of Technology / Value Proposition
For personal use only Overview of Technology Patented Sealed Integrated Braking System Single rotor enclosed in an oil filled housing. Rear brake fitted with fail-safe feature. Slide 7 Value Proposition SIBS offers: • Reduced vehicle maintenance costs • Reduced vehicle downtime • Reduced brake tempe
Slide 8: ABT's Product Applications and Customers
For personal use only ABT’s Product Applications Slide 9 ABT’s Customers Slide 10 5
Slide 9: ABT's Business Model
For personal use only ABT’s Business Model • Engineered in Perth • Manufactured in Thailand (wholly owned) • Direct sales in Australia • Resellers in Canada and South Africa • High value high margin products • Development income provides contribution to reduce overheads and enables new products Slid
Slide 10: Year's Highlights
For personal use only Year’s Highlights • Proof of Concept Sign off Garbage Truck Brake • Post GFC recovery – particularly in Australia • Mining sales deliver positive contribution • Increased product diversity – eg Agi brake accounted for 25% of Brake sales • Strong growth in spare part sales – rep
Slide 11: Global Opportunity
SIBS at Work!! For personal use only City of Swan Slide 15 Global Opportunity Bermuda Detroit GARBAGE IS GLOBAL Boston New York Slide 16 8
Slide 12: Garbage Truck Project
For personal use only Garbage Truck Project Proof of Concept Sign Off March 2010 What does this mean? The concept design has been tested to prove that it meets all intended functional and performance requirements and is ready for final “production validation”. Production validation means; That produ
Slide 13: Garbage Truck Pre Production Contract
Garbage Truck For personal use only Pre Production Contract signed July 30th, 2010 • $2 million contribution to Production Validation phase • Production representative parts will be tested on a fleet of 5 trucks as a final sign off ahead commencement of production • Other bench and truck will fully
Slide 14: Mining Sector
For personal use only Mining Sector • Prime driver for SIBS in the mining sector is improved vehicle safety. • Reduced wear and enclosed design contributes to a safer braking system • Focus on improved mine vehicle safety is creating the demand for a wider product offering and diversified product ra
Slide 15: Mining Sector Historical Sales
For personal use only Mining Sector Historical Sales MINING SALES Other Income $5,000 GFC $4,000 Sales - Engineering and Fitting $000's $3,000 Sales - Spares $2,000 $1,000 Sales - Brakes $0 2006 2007 2008 2009 2010 • Spare Parts sales account for 40% of mining revenue Slide 23 Mining Sector Agi Brak
Slide 16: Agi Brake - Commercial Release
For personal use only Agi Brake - Commercial Release Trucks fitted with base design Current Applications • Isuzu • Concrete trucks (Agi) • Sterling • Explosive trucks • Mack • Water trucks – similarly Variants designed and fitted to loaded to Agi • Hino (several model) Future Applicability • Isuzu (
Slide 17: SIBS II and Current Priorities
For personal use only SIBS II New Product Features - Landcruiser • Improved servicing – Replaceable wheel end – External wear indicator • Upgraded Specification – Higher grade fluid handling hoses and fittings • Improved operator interface – Audible and visual indicators of brake status Slide 27 Cur
Slide 18: Conclusion
For personal use only Conclusion • Business growth continues • Mining providing positive contribution • Cash position solid • Garbage truck development in final stage and will is allow Company to enter global and recession proof market • Indicators point to a strong performance this year • Premature
Slide 19: Income Statement and Balance Sheet
For personal use only Income Statement 09/10 08/09 $’000 $’000 Revenues from trading activities 4,452 3,524 Revenues from other activities 227 210 Total revenue 4,679 3,734 Total expenses (6,240) (5,978) Loss before tax (1,561) (2,244) Income tax expense / R&D rebate 295 298 Loss after Tax (1,266) (
Slide 20: Revenue from Trading Activities
For personal use only Revenue from Trading Activities $5,000 $4,500 $4,000 $3,500 $3,000 Brake sets $'000 $2,500 Parts $2,000 Engineering $1,500 $1,000 $500 $0 2005 2006 2007 2008 2009 2010 Financial years Slide 33 Losses - historical perspective 5000 4500 4000 3500 3000 $'000 2500 2000 1500 1000 50
Slide 21: Conclusion and Questions
For personal use only Conclusion • Strong sales performance • Customer focused marketing team • Increasing product diversification • Product improvement on-going • High realisable value in inventory • Virtually no debt • Solid base to expand sales and service Slide 35 Questions Slide 36 18
Slide 22: For personal use only
For personal use only www.advancedbraking.com Email: info.perth@advancedbraking.com Phone: +61 (0) 8 9273 4800 Fax: +61 (0) 8 9201 9986 Slide 37 19
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