Slide 1: Introduction: busy time at Henderson shipyard
Good afternoon to everybody and thank you for attending today. This picture has been selected as the introduction slide because it gives a really good overview of what is happening down the road at Henderson. Our largest ever fast ferry. The first of the Guardian Class Patrol Boats. 2 Cape vessels i
Slide 2: Outlook guidance maintained
We continue to maintain the outlook guidance that we made during the full year results and is contained in that presentation. The key elements of that was guidance on revenue, USA shipbuilding margin, order intake and profitability in the non USA business. We have had a solid start to the year on al
Slide 3: FY2018 highlights, ships delivered and under construction
• >A$1.35 billion in revenue. • >A$3.4 billion order book. • >5,250 employees worldwide and growing. • 5th shipyard established (Vietnam). Ships delivered in FY2018 - 5 • 4 x USA – 3 x LCS and 1 x EPF. • 1 x Philippines – Hull 418 (FRS Halunder Jet). • Nil vessels delivered from Australia. Ships Und
Slide 4: New ships ordered (continued)
• 2 x Braveline 50 metre catamarans (H680, 681). • 2 x additional PPB-R (from 19 to 21 vessels). • 2 x Fred Olsen SA 117 metre Trimarans (H394, 395). • 1 x SNC Aremiti 49 metre catamaran (H421). • 1 x JR Kyushu 83 metre Trimaran (H396). • 1 x Blue Sea Jet 35 metre catamaran (AL002). • 4 x Xidao Dazh
Slide 5: Vessels built for operators in 12 countries
Austal is constructing a diverse range of defence and commercial vessels, including trimaran littoral combat ships, high speed military catamarans, and patrol boats - and passenger and vehicle passenger ferries for operators in 12 countries around the world including; • USA • Australia • South Korea
Slide 6: Business Priorities 2019
Business Priorities 2019 Develop US Market - FFG-X - EPF Variants Complete Philippines expansion and Vietnam establishment Henderson shipyards expansion Continued investment in product development
Slide 7: LCS deliveries and orders
• LCS Deliveries in FY2018 – 3 (LCS12, 14, 16). • LCS Orders in FY2018 – 1 (LCS30). • Funding for an additional 2 x LCS (LCS32 and LCS34) was announced Sept 2018 (so 3 in last 12 months effectively). • USFY19 budget signed into law in October 2018 includes 3 more LCS which we will be bidding for in
Slide 8: EPF deliveries and deployments
• EPF 9 City of Bismarck was delivered Dec 2017. • EPF’s 10, 11 and 12 under construction. • EPF13 long lead materials ordered (Contract US$57M received Oct 2018). • EPF’s deployed around the globe; • EPF1 Spearhead - USA • EPF2 Choctaw County – Bahrain • EPF3 Millinocket – Philippines • EPF4 Fall R
Slide 9: Delivery profile comparison
The attached delivery profile is a re production of data put together by one of the companies that analyses Austal. It shows how Austal has progressively improved the rate of delivery against reported data from our competitor and gives a good comparative. This is only one data point and may not be e
Slide 10: FFG-X frigate program
• Successor to the LCS program. • One of 5 companies / designs under consideration, announced 16 Feb 2018. • Austal believed to be the most economical (affordable) solution. • Proposals will be submitted 2019 for a contract award in 2020. • 20 ships to be purchased; 1 in 2020, 1 in 2021 and then 2 e
Slide 11: EPF Hospital Ship variant discussions
Austal USA discussing possibilities of an EPF Hospital Ship variant with USN; to provide medical services in austere coastal environments, intra-theatre operations and missions. Other EPF options under discussion with the US Navy. Original requirement when EPF was developed was circa 20 ships and wi
Slide 12: Philippines shipyard deliveries and construction
Delivered FY2018; • Hull 418 (Halunder Jet) to FRS. Recently delivered (FY2019); • H420 (Seacat) to VS Grand Ferries. Currently constructing; • 2 x 50 metre ferries for Braveline Taiwan. • 1 x 49 metre ferry for SNC Aremiti. • 1 x 109 metre ferry for Fjordline. New A$20m shipyard expansion underway,
Slide 13: VS Grand Ferries Seacat delivered
VS Grand Ferries ‘Seacat’ delivered Sept 2018 • First new passenger ferry to be operated in the Philippines that meets the highest ‘Pioneer’ standard under Bureau Veritas Class Certification. 12
Slide 14: Philippines shipyard expansion rationale
New expansion will treble shipbuilding capacity, including new 120 metre assembly bay. Largest Austal assembly bay outside of the USA capable of building our biggest ships both now and as conceived in the future. Revenue will rise from an average over the last few years of circa $30+m to over $100m.
Slide 15: Philippines Shipyard expansion
Philippines Shipyard expansion >>
Slide 16: Hull Fjordline
Hull 419 Fjordline • Under construction, plate cutting conducted 14 March 2018. • Will be the largest aluminium vehicle passenger ferry ever constructed in the Philippines and the largest vessel by volume ever built by Austal (succeeding the 109m Mols vessel now in build in Henderson). • When comple
Slide 17: New Vietnam shipyard in Vung Tau
Some months ago we announced the intention to build a new shipbuilding facility in Vietnam. Our rationale for this location was primarily based on the availability of a very experienced aluminium shipbuilding team several of whom have previously worked for Austal and have been building catamarans in
Slide 18: Aulong joint venture in China
Aulong joint venture with Jianglong Shipbuilding of Guandong • Delivered 42 metre ferry to Blue Sea Jet, China - January 2018. • 5 additional ferries under construction / scheduled. • 1 x 35 metre ferry for Blue Sea Jet. • 4 x 42 metre ferries for Xidao Dazhou Tourism Co Ltd. • Beibi Gulf. • Austal
Slide 19: Hull Express 4 for Molslinjen of Denmark
Hull 393 (Express 4) for Molslinjen of Denmark • Construction commenced 26 April 2017. • Rolled out 18 August 2018. • Launched 16 October 2018. • Largest (by volume) vessel Austal has built. • Capacity for over 1000 passengers, 425 cars, travelling at c 38 knots. PLAY Mols Lift + Rollout Video The o
Slide 20: Henderson activity and OPV program outcome
an 80m steel evolved Cape into the Philippines requirement and it is getting some very solid support. Austal could not have understood the preferred third party design for the OPV for RAN and were disappointed of course that the Fassmer vessel was deemed as unacceptable especially given that it woul
Slide 21: Trimaran for Fred Olsen SA
Hull 394 – the next big project at Henderson shipyard • 117 metre trimaran for Fred Olsen SA. • 2 x identical vessels to be built under contract valued at A$190million. • 2nd trimaran (H395) to be built at Austal Philippines. • Plate cutting for H394 conducted 20 August 2018. The Austal trimaran des
Slide 22: been so successful in shipbuilding for the past 30 years.
been so successful in shipbuilding for the past 30 years. 19
Slide 23: Pacific Patrol Boat Production Facility for Guardian Class
Pacific Patrol Boat Production Facility for Guardian Class • Constructing 21 x 39.5m steel hull patrol boats for the Commonwealth of Australia. • PPB#1 (Hull 521) launched May 2018, delivery scheduled for 30 November 2018. • PPB#2 (Hull 522) to be launched 26 November 2018. • PPB#3,4 (Hulls 523 and
Slide 24: Hull 521 first Guardian-class Patrol Boat
• Hull 521 (PPB-R#1) – First Guardian-class Patrol Boat constructed under Commonwealth of Australia’s Pacific Patrol Boat Replacement Program (PPB-R) - launched May 2018. • Construction commenced April 2017 at dedicated PPB-R shipbuilding facility at 51 Hope Valley Road, Naval Base Western Australia
Slide 25: on this program until the first vessel was delivered. Production productivity improvements have however
on this program until the first vessel was delivered. Production productivity improvements have however been excellent and a great credit to the operations team. The vessels are being built in a big facility in Naval Base about 10 minutes from Henderson in what is turning into a showcase for Austral
Slide 26: Disclaimer
Disclaimer David Singleton, Chief Executive Officer Telephone: +61 8 9410 1111 For further information visit www.austal.com Disclaimer This presentation and any oral presentation accompanying it has been prepared by Austal Limited (“Austal’). It should not be considered as an offer or invitation to