Slide 1: Presentation to US Institutional Investors
For personal use only Leading the World in the Design and Construction of High Speed Aluminium Vessels Presentation to US Institutional Investors June 2010
Slide 2: Agenda
Agenda For personal use only • Austal facts • Austal Australia • Austal USA • S Summary 2
Slide 3: Austal facts
For personal use only Austal facts 3
Slide 4: Austal Facts
Austal Facts For personal use only • Largest g aluminium shipbuilder p in the world,, founded over 20 yyrs ago g • Global customer base • Designed and built more than 200 vessels including; – Revolutionary warship for the US Navy – Patrol Boats for the Australian Navy and Coast Guard – High speed fe
Slide 5: Austal Facts
Austal Facts For personal use only • Listed on the Australian Stock Exchange in 1998 (Stock Code: ASB) • Shipyard locations: Henderson, Western Australia Mobile, Alabama, USA • Employees: 975 in Henderson 1 500 in 1,500 i MMobile bil • Product Base: Passenger and vehicle-passenger ferries, coastal c
Slide 6: Recent Financial Results
Recent Financial Results For personal use only AUD $M H1 2010 FY 2009 FY 2008 Revenue $ 221.0 $ 500.4 $ 626.1 EBIT $ 21.1 $ 1.5 $ 52.6 Net profit after tax $ 15.5 $ 9.2 $ 52.3 EPS 8.5 cents 5.0 cents 28.3 cents Cash balance $ 72.0 $ 93.0 $ 258.9 NTA $ 249.1 $ 235.7 $ 218.7 • 2009 results impacted by
Slide 7: Over $1.3B Currently Under Construction
Over $1.3B Currently Under Construction For personal use only • 1 x 107m vehicle ferry for Virtu Ferries (Malta) • 1 x 113 113m vehicle hi l fferry ffor N Nordic di FFerry SServices i (D (Denmark) k) • 4 x 41m passenger ferries for NIDCO (Trinidad and Tobago) g Speed • 3 x 103m Joint High p Vessel (
Slide 8: Global Market, Global Reach
Global Market Global Reach For personal use only 8
Slide 9: Austal Australia
For personal use only Austal Australia 9
Slide 10: Austal Australia
Austal Australia For personal use only • Mature business which seeded the Group’s global operations and holds the Group’s substantial patented intellectual property • Focus is on the global commercial ferry market and non US defence vessels • Large L vehicle h l passenger fferries (80 metres to 125
Slide 11: Service Business
Service Business For personal use only • Expect p to build revenue to circa $60M pa by 2012. Delivered $26M in H1 2010, up from $7M in FY 09 • Operations now established in Egypt, Trinidad d d & Tobago, b Oman, Hong Kong, Darwin and Spain. • Announced multi-year contracts this fiscal year: • Egyptia
Slide 12: Australian facilities
Australian facilities For personal use only Austal Image Austal Ships 12
Slide 13: Austal USA
For personal use only Austal USA 13
Slide 14: Austal USA
Austal USA For personal use only • Formed in 2000 and delivered its first vessel in 2002 • Strategy was to develop a production capability in the US ultimately targeting the US defence sector • Strategy S has h b been successful f l and dAAustall h has b been awarded: d d • contracts to construct 2
Slide 15: Mobile, AL facilities
Mobile, AL facilities For personal use only 15
Slide 16: Joint High Speed Vessel (JHSV)
Joint High Speed Vessel (JHSV) For personal use only • The US Department p of Defence’s high g speed p Theatre Support Vessel • JHSV 1 under full construction, delivery December 2011 • JHSV 2 and d 3 ffullll construction t ti awarded d d JJanuary 2010 • Options for a further seven vessels • Long lea
Slide 17: Joint High Speed Vessel (JHSV)
Joint High Speed Vessel (JHSV) For personal use only • US Navy’s N ’ current 30 30-year shipbuilding h b ld plan calls for up to 41 JHSVs • US Army also calling for 12 JHSVs • Austal-built Hawaii Superferry recently used in Haitian relief effort demonstrated capability of this vessel type • Substant
Slide 18: Joint High Speed Vessel (JHSV) Build Schedule
Joint High Speed Vessel (JHSV) For personal use only JHSV Build Schedule: FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 JHSV 1 = Vessels currently under contract JHSV 2 = Options remaining to be exercised JHSV 3 JHSV 4 Long lead materials procurement
Slide 19: Littoral Combat Ship
Littoral Combat Ship For personal use only 127m Littoral 127 L l Combat C b Ship Sh (LCS 2) USS Independence departed Austal USA on 26 March 2010 • LCS 4, USS Coronado, approximately 25% complete. With design now mature, production costs are running 30% less than LCS 2. Delivery is scheduled for lat
Slide 20: LCS overview
LCS overview For personal use only (2) H-60 H 60 (Deck Strength (1) H-53) Med Cal Gun 20
Slide 21: Littoral Combat Ship Status
Littoral Combat Ship Status For personal use only LCS Build Schedule: FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 LCS 4 (Coronado) = Vessel currently under contract LCS 5 LCS 6 = 10 vessel award if Austal wins LCS 7 LCS 8 LCS 9 LCS CS 10 LCS 11 LCS
Slide 22: United States Navy Order book potential
United States Navy Order book potential For personal use only FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 LCS 4 (Coronado) JHSV1 = LCSs currently under contract LCS 5 JHSV 2 = JHSVs currently under contract LCS 6 JHSV 3 = JHSV options remaining to
Slide 23: Summary
For personal use only Summary 23
Slide 24: Summary
Summary For personal use only • Proven business that continues to deliver growth opportunities though international expansion and diversification • Current visibility and predictability of earning streams is unparalleled in Austal’s history • With JHSV program Austal today is the sole suppler of a v
Slide 25: Trading in USD for US investors
Trading in USD for US investors For personal use only Austal ADR shares trade on the U.S. OTC market under the following information: I Issuance off ADRs ADR Broker's DTC account Instructions to receive the DRs - credit of DRs • Symbol AUTLY - debit of fee • CUSIP 05211M105 • Ratio 1ADR : 10 ORDs BN
Slide 26: Questions?
For personal use only Q ti ? Questions? 26
Slide 27: Appendix
For personal use only Appendix 27
Slide 28: Hull forms
For personal use only Hull forms 28
Slide 29: Product Overview
Product Overview For personal use only Commercial Vehicle / Pax Commercial Passenger g Defence Leisure
Slide 30: Product Overview – Hull forms
Product Overview – Hull forms For personal use only Trimaran Catamaran Monohull 30
Slide 31: Construction Experience
Construction Experience For personal use only Total Vessels Constructed 221 Patrol Boats / Naval 71 Commercial 143 Private 7 Hull Types: yp Monohull 83 Catamaran 134 Trimaran 4 Completed, under construction and on order as at May 2010. 31
Slide 32: The Journey
For personal use only The Journey 32
Slide 33: The Austal Journey
The Austal Journey For personal use only 1988 • Commenced operations with a vision to build high quality commercial vessels for the international market. 1989 • First delivery of “Spoil Sport”, a 30 metre live aboard dive vessel. 1990 • Acquires waterfront facilities in Henderson for construction of
Slide 34: The Journey – Cont.
The Journey – Cont. For personal use only 1996 • Opens regional office in Tokyo, Tokyo Japan. Japan 1998 • Entered the p patrol boat market securing g an order for eight g Bayy Class vessels for the Australian Customs Service. • Listed on the Australian Stock Exchange. • Acquires Image Marine. 1999
Slide 35: The Journey – Cont.
The Journey – Cont For personal use only 2005 • Delivery of Austal’s first trimaran, “Benchijigua Express”. • General Dynamics is awarded the contract for the US Navy’s Littoral Combat Ship (LCS). Austal is the LCS seaframe designer and builder. builder 2006 • Austal USA is fully acquired by Austal
Slide 36: The Journey – Cont.
The Journey – Cont For personal use only 2009 • US Navy orders second Austal Littoral Combat Ship (LCS) • Austal USA opens new modular manufacturing facility • Construction of first Austal Joint High Speed Vessel commences 2010 • First Austal LCS joins US Navy Fleet • Austal A t l Awarded A d d cont
Slide 37: Investor Relations contact
Investor Relations contact For personal use only Richard Simons – Chief Financial Officer Telephone: + 61 8 9410 1111 For further F f th information i f ti www.austal.com 37