Veem Ltd. · ASX:VEE
Veem — ASX Small & Mid-Cap Conference 2024
12 slides from Veem's conference presentation, Mar 27, 2024
Slide 1: ASX Small & Mid-Cap Conference - VEEM Ltd
For personal use only ASX SMALL & MID-CAP CONFERENCE 27 March 2024 VEEM LTD INVESTOR PRESENTATION MARCH 2020 PRINCESS YACHTS
Slide 2: Disclaimer
DISCLAIMER THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT FORWARD-LOOKING STATEMENTS This document, including the information contained in this disclaimer, is not a prospectus, product disclosure statement or other Certain statements, beliefs and opinions contained in this document, par
Slide 3: Who is VEEM?
Who is VEEM? • Commenced in 1968. Listed on ASX 2016. For personal use only • Headquartered in Perth, Western Australia, with a 14,700 sqm purpose- built manufacturing facility, including Australia’s largest non-ferrous foundry. • Approximately 200 staff in Australia, including graduates and apprent
Slide 4: Gyrostabilisers
Gyrostabilisers • A VEEM gyrostabilizer is a ship stabilizing technology that uses a powerful gyrostabilizer with patented control technology for vessels over 24m in length. For personal use only • VEEM commenced development of large gyrostabilizers for marine vessels in 2011. • VEEM holds the domin
Slide 5: Propulsion
Propulsion • VEEM has been selling inboard propellers since 1989 and released the high-technology VEEM range internationally in 2001. For personal use only • VEEM operates the world’s most advanced monobloc propeller facility with 24/7 lights off operation producing approximately 5,000 propellers pe
Slide 6: Propulsion – SHARROW by VEEM
Propulsion – SHARROW by VEEM • The Sharrow Propeller was invented by Greg Sharrow in 2012. • For personal use only Tip cavitation and vortices have been eliminated, or significantly reduced, offering incredible performance gains over traditional propellers. • Spectacular impact on the outboard motor
Slide 7: Defence
Defence • Cornerstone of VEEM’s business since 1987. • VEEM supplied highly sophisticated critical components to ASC for the Collins Class For personal use only submarines during the initial build and continues to supply all through-life replacements . • VEEM is currently manufacturing blades and hu
Slide 8: Engineering Products and Services
Engineering Products and Services For personal use only • VEEM’s traditional business since 1968 has been foundry-led, precision engineered capability that enables VEEM to provide specialist solutions for customers. • With WA’s dominant Mining industry, demand remains strong today. • Repair of rotat
Slide 9: 1HFY24 Results Summary
1HFY24 Results Summary • VEEM’s revenue for the half-year was $37.5m (up 37% on 1HFY23) with total activity (Sales + change in WIP) of $39.7m (up 24% of 1HFY23) on the back of increased job hours. For personal use only • EBITDA and NPAT were $6.9m and $3.5m, up 65% and 92% respectively on 1HFY23. •
Slide 10: Outlook – Marine Products
Outlook – Marine Products Gyrostabilisers: • Sales and orders from Strategic Marine and others as well as recent leads and enquiries highlight that the commercial market for gyrostabilisers is now understanding the value a For personal use only VEEM gyro can deliver in terms of operational, HSE and
Slide 11: Outlook – Non-Marine Products
Outlook – Non-Marine Products Defence: • Defence revenue expected to remain strong with deliveries under the Collins Class submarine full cycle docking to continue for the rest of FY24. For personal use only • Other defence work for a number of different prime contractors, including Austal, is also
Slide 12: Contact VEEM LTD
This ASX announcement was authorised for release by the Managing Director of VEEM Limited. For personal use only Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich David Rich Jonas Fitzgerald Managing Director CFO MARCH Investor 2020 Relations +61 8 9455 9355 +61 8 9455 9355 jonas.fitzgerald@lgca