Orbital Corporation Ltd · ASX:OEC
Orbital — Shareholder Meeting (November 2020)
20 slides from Orbital's shareholder meeting presentation, Nov 13, 2020
Slide 1: 2020 Annual General Meeting
2020 Annual General Meeting 13 November 2020
Slide 2: Business of Meeting Resolutions
Orbital Corporation Limited Business of Meeting Resolutions © 2020 Orbital Australia Pty Ltd 2
Slide 3: Item 2. Financial Statements & Reports
Item 2. Financial Statements & Reports “To receive and consider the Financial Report, Directors’ Report and Auditor’s Report for the year ended 30 June 2020.” Further information: • Representatives from PricewaterhouseCoopers, the Company’s auditor, are present to answer any questions. • Please note
Slide 4: Item 3. Remuneration Report
Item 3. Remuneration Report Resolution “To adopt the Remuneration Report for the year ended 30 June 2020.” FOR AGAINST OPEN 35,678,598 99.43% 100,411 0.28% 102,606 0.29% Further information: • The Remuneration Report can be found at pages 7 to 15 of the 2020 Annual Report. • The Board unanimously re
Slide 5: Item 4. Re-election of Mr Kyle Abbott
Item 4. Re-election of Mr Kyle Abbott Resolution “That, for the purposes of ASX Listing Rule 14.5, article 9.3 of the Company’s constitution and for all other purposes, Mr Kyle Abbott be re-elected as a Director.” FOR AGAINST OPEN 36,080,899 99.69% 8,536 0.02% 102,606 0.28% Further information: • Th
Slide 6: Item 5. Approval of Employee Incentive Plan
Item 5. Approval of Employee Incentive Plan Resolution “That, the Company’s Employee Incentive Plan summarised in the Explanatory Notes (“Employee Incentive Plan”), the grant of Performance Rights and/or Options (each an “Incentive”) under the Employee Incentive Plan and any resulting issue of Share
Slide 7: Item 6. Issue of LTI Performance Rights to Mr Todd Alder
Item 6. Issue of LTI Performance Rights to Mr Todd Alder under the Employee Incentive Plan Resolution “That, for the purposes of ASX Listing Rule 10.14, Part 2D.2 of the Corporations Act (including sections 200B and 200E of the Corporations Act) and for all other purposes, Shareholders approve the i
Slide 8: Item 7. Additional Capacity to Issue Securities
Item 7. Additional Capacity to Issue Securities Resolution “That, for the purposes of ASX Listing Rule 7.1A and for all other purposes, Shareholders approve the issue of equity securities (as defined in the ASX Listing Rules, “Equity Securities”) of up to 10% of the issued capital of the Company (at
Slide 9: Chairman's Address Mr John Welborn
CHAIRMAN’S ADDRESS Mr John Welborn
Slide 10: CEO's Presentation
2020 Annual General Meeting CEO’s Presentation 13 November 2020
Slide 11: What we do
What we do World leader in the design and manufacture of integrated engine systems for tactical unmanned aerial vehicles (UAVs) © 2020 Orbital Australia Pty Ltd Images: Insitu’s Integrator UAV (left) and ScanEagle3 UAV (right) 11
Slide 12: Year in review
Year in review FY20 revenue $33.8M – Top end of revenue guidance Designated primary engine supplier to Insitu Inc. (a Boeing Company) Second of five engine models into production for Insitu, third engine model in development New engine development contracts with Northrop Grumman and one of Singapore
Slide 13: Financial highlights
Financial highlights FY20 FY21 REVENUE $33.8M Driving sustainable growth top end of guidance ($25M to $35M) 50 EBITDA $4.2M* 45 Revenue 40 transition to sustainable underlying earnings 35 guidance $40M- 30 NPAT $1.9M* 25 20 commitment to ongoing profitability $50M 15 10 Cash & Cash Equivalents $8.7M
Slide 14: Growing our Tier 1 client base
Growing our Tier 1 client base Delivering customer diversification Long Term Agreement Signed in 2016 Supplying flight critical Expanded in 2018 components since SINGAPORE Primary Supplier in 2020 2013 DEFENCE 5 engine models COMPANY powering Insitu’s entire fleet April 2020 of tactical UAVs March 2
Slide 15: Insitu LTA & Primary Supplier
Insitu LTA & Primary Supplier Building our existing relationships To power Insitu’s Orbital UAV was designated Insitu’s primary engine supplier for the entire UAV fleet 5 engine models covered by the Long TermAgreement in March 2020 Status: Status: 3. ScanEagle2 1. Status: 4. Development timeline TB
Slide 16: Market opportunities
Market opportunities Capturing global growth opportunities United States Army Future Tactical UAS Program Replacement of 4 companies currently participating Shadow 200 Tactical UAV in FTUAS capabilities assessment: Further timeline* Request for Information released end 2020 Decision made end 2021 Lo
Slide 17: Market opportunities
Market opportunities Supporting Sovereign Industrial Capability • $270 billion to be invested in defence capabilities over next decade • $2 billion identified for ISR and tactical UAV programs Orbital UAV is supporting Insitu Pacific on its LAND129 proposal Minister for Defence, Senator the Hon Lind
Slide 18: FY21 outlook
FY21 outlook Two engines in Third engine production in production H2 FY21 Targeting additional new customer contracts and Engine development work underway for involvement in Northrop Grumman and Singapore defence company Defence UAV programs Revenue guidance of $40M-$50M © 2020 Orbital Australia Pty
Slide 19: Corporate overview
Corporate overview Capital Structure As at 12 November 2020 Focused on shareholder value Fully Paid Ordinary Shares 77.6M • Year-on-year revenue growth • Transition to sustainable underlying earnings Closing share price $1.25 • Commitment to ongoing profitability • Strong balance sheet to fund growt
Slide 20: www.orbitaluav.com
ORBITAL Ready to fly... www.orbitaluav.com in ¥