Slide 1: FY21 Full Year Results Presentation
19 Creative Street Wangara WA 6065 Telephone: +61 8 9302 1922 www.advancedbraking.com ASX ANNOUNCEMENT 13 September 2021 FY21 Full Year Results Presentation Advanced Braking Technology Ltd (ASX: ABV), the pre-eminent supplier of fail-safe brakes for commercial vehicles in Australia, today released i
Slide 2: For further information, please contact
For further information, please contact: Corporate Investors Mr. John Annand Stephanie Ottens Chief Executive Officer Market Eye T: +61 (0) 8 9302 1922 T: +61 (0) 434 405 400 www.advancedbraking.com E: stephanie.ottens@marketeye.com.au About Advanced Braking Technology Advanced Braking Technology Lt
Slide 3: Investor Update FY21 Full Year Results
Investor Update FY21 Full Year Results 1 © MARCH 2021 – ADVANCED BRAKING TECHNOLOGY
Slide 4: Company Overview
Company Overview ‘Protecting your brakes from the environment, protecting the environment from your brakes’ Over 20 years experience and the original manufacturer of sealed wet brake technology Designed, developed, tested and manufactured in Australia Heavy duty braking solutions to the mining, defe
Slide 5: We believe in safety – it is central to everything we do
WE BELIEVE IN SAFETY – IT IS CENTRAL TO EVERYTHING WE DO Through embracing ‘Safety Principles’ in everything we do, we aspire to create prosperity for everyone that is touched by our business. We aim to produce and sell innovative braking solutions with the commitment to promoting sustainable busine
Slide 6: Results Overview
Results Overview Strategy execution demonstrated through improvements across key metrics EBITDA Stable Gross Margin Net Profit $0.91m 46.3% $0.62m 40% increase on pcp 263% increase on pcp Sales Revenue Cash Balance Substantially $9.7m debt free $1.41m 16% increase on pcp $1.48m at 31 Dec 2020 4 © SE
Slide 7: Market Overview
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Slide 8: Growing global distribution and customer network
Growing global distribution and customer network ABT is well-positioned to take innovative solutions to market and capture additional business development opportunities globally Sales & Distribution network covering >16 countries >20 years experience and the original manufacturer of sealed brake tec
Slide 9: Value proposition
Value proposition The ABT product portfolio provides solutions to a number of identified problems Problems identified ABT solution Customer benefits Damage suffered to OEM braking Enclosed and sealed braking • Significantly improved safety for both people systems operating in harsh systems and equip
Slide 10: Product and Customer Overview
Product and Customer Overview
Slide 11: Current core products
Current core products Failsafe Driveline Brakes Fully Sealed With Failsafe Driveline Brakes Terra Dura ® Fully Sealed Failsafe Capability For Durability 9 © SEPTEMBER 2021 – ADVANCED BRAKING TECHNOLOGY
Slide 12: Current core products
Current core products Product portfolio suitable for a number of different applications ▪ Maximum safety 4WD brake ▪ Maximum safety driveline brake ▪ Exceptionally durable 4WD brake ▪ Fully enclosed wet brake design ▪ Contains all the safety features of ▪ Fully enclosed design protects equipped with
Slide 13: Product innovation
Product innovation ABT continues to innovate to secure new market opportunities across a range of industries Design, prototype testing and long-term Continuous improvement of original supply agreement with Thales Australia for design concept a hill-hold brake for use on the Hawkei • design review un
Slide 14: Customers and end users
Customers and end users ABT continues to grow its blue chip customer base 12 © SEPTEMBER 2021 – ADVANCED BRAKING TECHNOLOGY
Slide 15: Product, customer and industry diversification
Product, customer and industry diversification Sales by Industry (rolling 12 months) 13% Defence 3% 6% 9% Waste Management Civil Construction Defence 69% Fleet Mining Civil Construction Mining Services 13 © SEPTEMBER 2021 – ADVANCED BRAKING TECHNOLOGY
Slide 16: Pipeline Opportunities
Pipeline Opportunities Sales pipeline and forward order book remains strong Failsafe Terra Dura Civil Global Mining Other Construction Metal cover variant ”Terra Penetration into non-ABT Dura X” released to Failsafe mandated Defence: mine sites Hawkei Project market mine sites Failsafe mandated mine
Slide 17: Financial Performance
Financial Performance
Slide 18: Financial performance
Financial performance Continued positive net profit result • Solid increase in total revenue of $10.45 million, up FY21 FY20 Change 15% on previous corresponding period (pcp) • Operating Sales increased to $9.70 million, up 16% on Total Revenue $10.45m $9.08m 15% pcp with product sales margins stabl
Slide 19: Cash Flow performance
Cash Flow performance • Improved cash position of $1.41 million following ($m) FY21 FY20 three consecutive quarters of positive cashflow • Improved sales and focus on cost management Net cash from 1.21 0.24 • Cash balance broadly stable at $1.41 million operating compared to 31 December 2020 of $1.4
Slide 20: Improving financial position
Improving financial position $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 -$2,000 -$4,000 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Revenue from trading activites Net profit/loss from continuing operations 18 © SEPTEMBER 2021 – ADVANCED BRAKING TECHNOLOGY
Slide 21: Strategy and Outlook
Strategy and Outlook 19 SEPTEMBER 2021 – ADVANCED BRAKING TECHNOLOGY
Slide 22: Strategy
Strategy By 2023 Generate material growth in both revenues and earnings by offering innovative braking solutions to a global customer base DIVERSIFY products, GROWTH CAPITAL LEVERAGE our services, through organic ALLOCATION of existing product customers, and inorganic costs, resources, range and ind
Slide 23: A strong future
A strong future Recent progress to support our strategy Leadership team and internal capability strengthened Significantly improved financial position; increased sales and cost management Substantially debt free Cash flow and EBITDA positive and record net profit result achieved for FY21 Product inn
Slide 24: Outlook for FY22
Outlook for FY22 The foundations for growth are now in place • Continue to drive: o Innovation through Voice of Customer and identification of market gaps o Diversification by leveraging our current product offering to both existing and new customers across a range of industries • Assess organic and
Slide 25: Appendices
Appendices 23 © SEPTEMBER 2021 - ADVANCED BRAKING TECHNOLOGY
Slide 26: Board and Management Team
Board and Management Team Dagmar Parsons David Slack Adam Levine Mark Lindh Non-Executive Chair Non-Executive Director Non-Executive Director Non-Executive Director John Annand Paige Exley Chief Executive Officer Chief Financial Officer 24 © SEPTEMBER 2021 – ADVANCED BRAKING TECHNOLOGY
Slide 27: Corporate Overview
Corporate Overview ABT is substantially debt free with a supportive register Top 50 share registry breakdown Institional Investors HNW Investors Retail Investors Board and Management 25 © SEPTEMBER 2021 – ADVANCED BRAKING TECHNOLOGY
Slide 28: For further information, please contact
For further information, please contact: Corporate Mr. John Annand Chief Executive Officer T: +61 (0) 8 9302 1922 Investors Stephanie Ottens Market Eye T: +61 (0) 434 405 400
Slide 29: Disclaimer
Disclaimer The material contained in this presentation sets out general background information 27 © SEPTEMBER 2021 – ADVANCED BRAKING TECHNOLOGY