Austin Engineering Limited · ASX:ANG
Austin Engineering — Shareholder Meeting (November 2011)
16 slides from Austin Engineering's shareholder meeting presentation, Nov 25, 2011
Slide 1: For personal use only
For personal use only
Slide 2: Agenda
Agenda For personal use only » Chairman’s address » Managing Director’s address » Questions on Managing Director’s address » AGM formalities » Close and opportunity to meet over refreshments
Slide 3: 2011 Review and Achievements
2011 Review and Achievements For personal use only » Record revenue and profit result for the group despite some disappointing results from Chilean and Hunter Valley operations » Higher overall activity levels across the group’s operations during the year » Expanded geographical, product and service
Slide 4: Revenue, EBIT and Dividend Growth
Revenue, EBIT and Dividend Growth Revenue ($m) EBIT¹ ($m) For personal use only 250 35 CAGR FY07-FY11: 33% CAGR FY07-FY11: 45% 30 200 25 150 20 204 15 32.01 100 179 26.51 144 10 21.60 50 106 17.05 58 5 38 49 7.31 0 2.02 2.68 0 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY05 FY06 FY07 FY08 FY09 FY10 FY11 Div
Slide 5: Financial Results - FY 10/11
Financial Results - FY 10/11 For personal use only » Improved overall business conditions compared to the previous year FY10/11 FY 09/10 $m $m Change » Higher period-on-period activity levels across almost all of the group’s operations, notably in Australia Revenue 203.72 144.01 +41% » Middle East j
Slide 6: Balance Sheet and Cash Flow
Jun 11 Jun 10 Balance Sheet and Cash Flow $m $m Change For personal use only Working capital -4.52 13.86 » Balance sheet strength utilised in the period to support business growth plans Property, plant and 53.67 30.27 equipment +77% » Reduction in net working capital level due to receipt of $18m of
Slide 7: Business Update - Australia
Business Update - Australia Queensland: Brisbane: For personal use only » Workload on hand is already at budgeted levels for the complete current financial year, with the first half of FY 12/13 now beginning to fill up » Maintaining improved levels of productivity and operating margins » Expected to
Slide 8: Business Update - Australia (Western Australia)
Business Update - Australia Western Australia: For personal use only Perth: » Excellent forward work-loading until October 2012 » Strong second half FY11/12 expected » First order received from the world’s largest miner for new truck bodies » Very high level of tendering activity » Introduction of n
Slide 9: Business Update - Americas
Business Update - Americas North America - Westech, Wyoming: For personal use only » First half of FY11/12 above internal budgets but overall activity levels still below longer-term averages » No real signs of a sustained increase in market activity in North America » New clients based in North Amer
Slide 10: Business Update - Middle East and Indonesia
Business Update - Middle East and Indonesia Oman - Masco joint venture, Sohar: For personal use only » Underlying four-year (to 2012) maintenance contract performing at good levels » Excellent operating margins » New tender for the next major aluminium smelter project - Emal Stage 2 - expected to be
Slide 11: New Chile 'La Negra' Facilities
New Chile ‘La Negra’ Facilities For personal use only
Slide 12: New Colombia and Indonesia Facilities
New Colombia and Indonesia Facilities For personal use only Above: New workshop on Batam Island, Indonesia Above and Below: New workshop in Barranquilla, Colombia Below: JEC bodies awaiting delivery to Indonesian customer
Slide 13: Existing Operations and Expansion Plans
expansion plans - 2010 to 2012 Existing Operations and Expansion Plans For personal use only
Slide 14: Expansion Plans Update
Expansion Plans Update For personal use only Peru: » Following the award of the major equipment supply contract with Xstrata in June 2011, Austin is committed to having an operation to provide maintenance and other services in the region. Negotiations are currently underway with a potential acquisit
Slide 15: Summary and Outlook
Summary and Outlook For personal use only » Continue to establish and grow Austin as the premier supplier of products and the service of those products across the world » Further introduction of new and advanced product ranges will open up new markets, revenue and profit streams » Continuing diversi
Slide 16: For personal use only
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