Austin Engineering Limited · ASX:ANG
Austin Engineering — Shareholder Meeting (November 2013)
13 slides from Austin Engineering's shareholder meeting presentation, Nov 22, 2013
Slide 1: Annual General Meeting
Annual General Meeting Perth, 22 November 2013 \, engineeringu ~ SS
Slide 2: 2013 Annual General Meeting Agenda
For personal use only 2013 Annual General Meeting Agenda » Commencement of meeting at 10:00am » Chairman’s address » Managing Director’s address and presentation » Questions on Managing Director’s address and presentation » AGM formalities » Close and opportunity to meet over refreshments
Slide 3: FY 12/13 Highlights
For personal use only FY 12/13 Highlights » Resilient financial performance for the year against a background of changing market conditions » Busy first half offset by lower activity levels in the second half, particularly for business units exposed to coal mining operations » Total revenue of $289m
Slide 4: Revenue, EBITDA and Dividend Development FY07-FY13
Revenue, EBITDA and Dividend Development FY07-FY13 Revenue EBITDA ($m) For personal use only CAGR FY07-FY13: 28% CAGR FY07-FY13: 35% 350 60 300 50 250 40 21.0 132 200 165 2H 30.2 1H 2H 30 150 113 18.7 1H 85 20 16.6 100 77 10.7 63 157 30.1 11.0 125 10 50 28 95 91 17.0 19.9 67 4.6 13.1 12.4 29 43 7.9
Slide 5: FY 12/13 Financial Results
For personal use only FY 12/13 Financial Results » Business conditions more variable than the previous year FY 12/13 FY 11/12 » Better utilisation of productive capacity in the first half offset by $m $m % Change reduced activity in the second half Revenue 288.8 290.1 - » Additional full-year revenu
Slide 6: FY 12/13 Balance Sheet and Cash Flow
FY 12/13 Balance Sheet and Cash Flow June 13 June 12 For personal use only » Equity up 22%, being mainly derived from the NPAT result for the year $m $m balanced by the payment of the final FY 11/12 and interim FY 12/13 Working capital 26.7 9.7 dividends » Net tangible assets per share up 61% from 5
Slide 7: Business Update - Australia
Business Update - Australia East Coast: For personal use only » Coal industry continues to be subdued with miners and mine operators focusing on controlling costs and deferring cash expenditure » Preventative maintenance is being delayed and normal repair and maintenance of equipment is only being u
Slide 8: Business Update - Americas
Business Update - Americas North America - Westech: For personal use only » Coal markets remain quiet with miners being very cautious with equipment expenditure » Continuing and increasing deliveries into the Canadian Tar Sands region » Successful sales leads into Mexico with the first order secured
Slide 9: Business Update - Indonesia and Middle East
Business Update - Indonesia and Middle East Indonesia: For personal use only » Coal industry very quiet, no significant orders for equipment received in recent periods » Awaiting the outcome of a potential order for the supply of dump truck bodies » Diversification into oil and gas-related work is c
Slide 10: New Bank Facilities
For personal use only New Bank Facilities » New principal banking facilities are in the process of being implemented, with a move to a three-bank syndicated arrangement targeted to be completed over the next four weeks » Syndication process was well-supported by three of Australia’s leading banks »
Slide 11: Outlook
For personal use only Outlook » Current market conditions remain very subdued but mining production levels are being maintained and in some cases increased » Continued deferral of maintenance and replacement of equipment is not sustainable and will lead to renewed demand in the near future » Current
Slide 12: Snapshot of Austin's Principal Products
For personal use only Snapshot of Austin’s Principal Products Westech “Flow Control” Dump Truck Body JEC “Modular Design” Dump Truck Body JEC Underground Dump Truck Body Excavator Buckets Tyre Handlers Water Tanks and Service Modules
Slide 13: For personal use only
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