Austin Engineering Limited · ASX:ANG
Austin Engineering — Shareholder Meeting (November 2020)
12 slides from Austin Engineering's shareholder meeting presentation, Nov 27, 2020
Slide 1: Austin Engineering Limited FY2020 Annual General Meeting
Insert title Austin here Engineering Limited For personal use only Insert description FY2020 here Meeting Annual General 27 November 2020 www.austineng.com
Slide 2: Managing Director's Address
Managing Director’s Address For personal use only Peter Forsyth Austin Engineering Limited AGM | November 2020 www.austineng.com P2
Slide 3: Strong earnings in unprecedented global crisis
Strong earnings For personal use only In unprecedented global crisis $13.8m $20.2m $26.1m Operating Sale of assets Reduction in cash flows net debt 2% $8.0m $1.5m Increase in sale Underlying Statutory Net Profit of products Net Profit Indian Ocean – Indonesia to Queensland Austin Engineering Limited
Slide 4: One Austin – our people
One Austin – our people For personal use only 1,248 27% reduction Austin staff and labour To head count with no hire contractors impact to earnings 13% reduction 29% reduction Total Reportable Injury Lost Time Injury Frequency Rate = 14 Frequency Rate = 5 www.austineng.com P4
Slide 5: COVID-19 Impacts
COVID-19 Impacts For personal use only Temporary reduction in new product demand in Asia-Pacific No government support Sustained reduction in new accessed in Australia product demand in the Americas US Government support Heavy impacts to contributing A$2.5 million* Colombia operation to earnings lea
Slide 6: Market Update
Market Update For personal use only Equipment sales have been impacted Source: CNBC Revisions to CAPEX across market Source: GlobalData Plc Austin Engineering Limited AGM | November 2020 www.austineng.com P6
Slide 7: Impacts on Austin
Impacts on Austin For personal use only • Our products are subject to wear and need to be replaced periodically. Repairing can elongate time between purchases • As we bring new products to market, we see customers choosing to upgrade fleets with newer technology truck bodies versus repairing older e
Slide 8: FY2021 Outlook
FY2021 Outlook For personal use only Group Outlook: • Our outlook is similar to that communicated in August 2020 and there is no change to our guidance, although it is expected that there will be a higher weighting of earnings H2. On an underlying basis we expect NPAT from continuing operations for
Slide 9: FY2021 Outlook by Region
FY2021 Outlook For personal use only Outlook by Region: • Strong start to APAC. Continued new orders wins supporting production into H2. It is the largest contributor to group earnings and the FY2021 outlook has improved since our last update • North America is likely to record a loss in the H1 FY20
Slide 10: Primed for growth – Our Vision
Primed for growth For personal use only Our Vision To be the market leader in providing loading and hauling solutions to the mining industry. To provide the best solution for clients’ specific needs across a broad product range supporting open-cut and underground applications. To put the needs of th
Slide 11: Primed for growth – Today and next three years
Primed for growth For personal use only In the next three Today years • Short-term revenue dip on restructure of non- • Increased market share in existing markets and performing businesses and contracts products • Global market share in above-ground truck bodies • Substantial increase in revenues fr
Slide 12: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Austin Engineering Limited (ABN 60 078 480 136) (“Austin” or the “Company”). The information in this presentation should be read in conjunction with Austin’s continuous disclosure announcements. The information is of a general n
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