Orbital Corporation Ltd · ASX:OEC
Orbital — Investor Presentation (February 2013)
15 slides from Orbital's investor presentation, Feb 28, 2013
Slide 1: Orbital Corporation Ltd Update February 2013
For personal use only UAS – The Business July 2012 Orbital Corporation Ltd Update February 2013 February 2013 Confidential Orbital Corporation Ltd 1
Slide 2: Strategy Overview and Implementation
For personal use only Strategy Overview and Implementation • Transitioning to a product/systems supply company • Reducing reliance on Consulting Services • Engineering focused on new products • Growing systems and components sales Confidential Orbital Corporation Ltd 2
Slide 3: Transition to a Systems Company
For personal use only Transition to a Systems Company Transition Model System Sales revenue • 2012 - Highest top line sales in 8 years Engineering, IP and other revenue • 2008 – 100% Consulting, IP & other • 2012 – 37% Consulting, IP & other Confidential Orbital Corporation Ltd 3
Slide 4: 1st Half FY13 Results - December 2012 Financial Summary
1st Half FY13 Results December 2012 Financial Summary For personal use only A$'000 Dec-12 Dec-11 System Sales Segment revenue 11,790 7,028 Segment result 1,289 137 Consulting Services Segment revenue 602 5,372 Segment result (1,359) (889) Royalties and Licenses Segment revenue 452 438 Segment result
Slide 5: New Products since 2008
For personal use only New Products since 2008 • FlexDITM UAS engine • Liquid LPG systems • LNG Dual Fuel (fleet trial) Confidential Orbital Corporation Ltd 5
Slide 6: Orbital's Unique Technologies and Systems
Orbital’s Unique Technologies and Systems FlexDITM In- Natural Gas DI Natural Gas Liquid Propane use only Cylinder Injection Systems Systems (LPG) Systems – – Multi Fuel Heavy Duty Auto - Industrial Auto Gasoline DI, DIESEL CNG (gas) Liquid LPG Spark Plug with air assist Spark Plug Spark Plug Schema
Slide 7: Business Sector Summary - Synerject
Business Sector Summary - 1 Synerject Revenue • Synerject For personal use only 150 125 – 6% revenue growth H1 US$'m 100 75 50 25 FY13 vs H1 FY12 - 1st Half FY09 FY10 Full Year FY11 FY12 FY13 – 7% improvement in Profit after Tax in same period Synerject Profit after Tax 10 – Improved efficiencies US
Slide 8: Business Sector Summary
Business Sector Summary - 2 Dec-12 Dec-11 • Consulting Services For personal use only $'000 $'000 – High Australian Dollar, and global financial situation Revenue 602 5,372 – Geographic Result (1,359) (889) • System Sales Dec-12 Dec-11 – UAS sales improvement $'000 $'000 – LPG businesses increasing
Slide 9: 1st Half FY13 Results - Cash Flow Summary
For personal use only 1st Half FY13 Results December 2012 Financial Summary A$'000 Dec-12 Dec-11 Operating cash flows (1,511) (3,733) Synerject dividend 445 709 (1,066) (3,024) Other Capex and Development costs (net) (180) (407) Financing cash flow (9) 1,916 Movement in Cash/Term Deposits (1,255) (1
Slide 10: Outlook
Outlook • Revenue Growth For personal use only – Potential new revenue streams in FY13 and beyond • UAS Market – new markets / new customers • Asia Natural Gas Systems opportunities – Existing revenue streams • Liquid LPG systems • UAS Engine and EMS Systems • Sprint Gas - LPG/CNG distribution busin
Slide 11: New Products - Overview
For personal use only New Products - Overview Confidential Orbital Corporation Ltd 11
Slide 12: UAS – Orbital's New Business
UAS – Orbital’s New Business Orbital’s Production UAS Engine UAS – Growth Market For personal use only • Light weight, up to 40% fuel economy UAS Flight Hours (USA)* improvement * Q4 2011 estimate • FlexDITM spark ignition of military spec 700 Flight Hours/Year ('000's) 600 kerosene fuels 500 • Supp
Slide 13: UAS Engine Development
For personal use only UAS Engine Development • Engine design for light weight and robustness; and for heavy fuel • Light weight and military specification components – ECU – Fuel Rail Assembly – Air Compressor – Fuel Pump – Exhaust System • Unique control algorithms • “Plug and Play” Line Replacemen
Slide 14: Liquid LPG Systems
LPG Liquid LPG Systems For personal use only • Suppliers of Liquid LPG systems to Ford Australia and aftermarket kits for popular vehicle models • Successful Ford EcoLPi production release - Winner of “Best Large Car under $60,000” award • Performance greater than the regular Source: http://tonto.ei
Slide 15: Thank You
For personal use only Thank You Small Engines Transport Mining Alcohol LPG CNG/LNG Gasoline HCNG Kerosene Diesel Hydrogen Leader in Specialised Engine and Vehicle Systems Contact Details: info@orbitalcorp.com.au Web: //www.orbitalcorp.com.au Confidential Orbital Corporation Ltd 15