Slide 1: FY26 Results Presentation
VEEM LTD FY26 RESULTS INVESTOR PRESENTATION PRESENTATION MARCH 2020 27 AUGUST 2026 PRINCESS YACHTS
Slide 2: Disclaimer
DISCLAIMER THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT FORWARD-LOOKING STATEMENTS This document, including the information contained in this disclaimer, is not a prospectus, product disclosure Certain statements, beliefs and opinions contained in this document, particularly those reg
Slide 3: Agenda
AGENDA 1. 1HFY26 Highlights 2. Executive Summary 3. Financial Results 4. Operational Highlights 5. Outlook 6. Q&A 3
Slide 4: FY26 Highlights
FY26 HIGHLIGHTS REVENUE TOTAL ACTIVITY1 EBITDA $51.7m $54.2m $3.6m (Guidance $50m – $52m) (Guidance $3.25m – $3.75m) Cash Net Debt Undrawn Facilities $9.4m $1.2m $7.5m Operating EBITDA Final Cashflow Margin Dividend $4.8m 6.9% Nil 1. Total Activity = Sales + change in WIP 4
Slide 5: Executive Summary
EXECUTIVE SUMMARY • VEEM’s revenue for FY26 was $51.7m (upper end of guidance) down on $68.6m in FY25 due to lower gyro sales and delay in receiving ASC orders. • EBITDA for FY26 was $3.6m down on $9.1m in FY25 and at the upper end of guidance provided. • Cashflows from operations were strong at $4.
Slide 6: Our Products and Markets
OUR PRODUCTS AND MARKETS World’s best technology with large target markets, using automation and robotics to manufacture efficiently in Australia PROPULSION DEFENCE GYROSTABILISERS ENGINEERING • World’s best performing propellers • Defence supplier for over 30yrs • Only major supplier of large gyros
Slide 7: Financial Results
VEEM LTD INVESTOR PRESENTATION MARCH 2020 FINANCIAL RESULTS PRINCESS YACHTS
Slide 8: FY26 Profit
FY26 PROFIT FY26 – A transition year laying the foundation for higher future revenue and profitability Most significant reduction in revenue vs FY25 was Gyro (-$9.5m) however Gyro Mark III expected to spur sales into FY27 as units become available across the range. FY26 FY25 % Change Defence was dow
Slide 9: Balance Sheet 30 June 2026
BALANCE SHEET 30 JUNE 2026 Strong balance sheet post capital raising and profitable 2HFY26 $13.1m net proceeds of capital raising strengthened balance sheet and 30 June 30 June provided platform for investment into defence. 2026 2025 % Change A$mil. A$mil. The Company held cash on hand of $9.4m at 3
Slide 10: Cash Flow FY26
CASH FLOW FY26 Underlying business underpins solid cash flow Cashflows from operations of $4.8m (FY25: $2.9m) were strong as a result FY26 FY25 of commencement of the next phase of the ASC contract. % Change A$mil. A$mil. Cash flows from 4.8 2.9 +66% operations $14.0m (before costs) raised via the i
Slide 11: Net Debt – FY26
NET DEBT – FY26 Capital raising significantly reduces net debt Net debt1 reduced by $12.5m after adding $2.4m in hire purchase liabilities and asset finance facilities for the purchase of PPE. 30 Jun 26 30 Jun 25 A$mil. A$mil. $13.1m net proceeds received from capital raising conducted during the ha
Slide 12: Operational Highlights
VEEM LTD INVESTOR PRESENTATION OPERATIONAL MARCH 2020 HIGHLIGHTS PRINCESS YACHTS
Slide 13: Propulsion
PROPULSION Propulsion (non defence) sales of $24.9m in FY26 were down 7% on FY25 with the recovery in the marine market seen in 2HFY26 remaining sustained into Q1FY27. The new world beating VEEM Extreme propellers and shaft lines were launched to limited key customers with significant enquiries rece
Slide 14: Defence
DEFENCE Defence revenue of $12.3m in FY26 was down 21% on FY25 largely as a result of the delay in receipt of ASC orders until late in 1HFY26 which began delivery in 2HFY26 and drove significantly increased Defence revenue in 2HFY26 ($8.6m) vs 1HFY26 ($3.8m) and will remain strong in 1HFY27. VEEM co
Slide 15: Gyrostabilisers
GYROSTABILISERS Revolutionary, next generation Mark III gyro launched in FY26. Key features include: • No scheduled maintenance - New oiling system (Patent pending) eliminates seals and also results in 20% less power usage. • 20% additional reduction in power consumption – Achieved via custom low fr
Slide 16: Gyrostabilisers: Mark II vs Mark III
GYROSTABILISERS Mark II vs Mark III – Simpler - Better Mark II vs Mark III pictured at recent Indian Ocean Defence and Security Conference – Perth – 26-28 May 2026 16
Slide 17: Engineering Products and Services
ENGINEERING PRODUCTS AND SERVICES Engineering products and services revenue (excluding defence) of $14.3m in FY26 was down 14% on FY25 as skills in 2HFY6 were redirected to higher demand defence work. VEEM’s traditional engineering business focuses on foundry-led, precision engineered products, incl
Slide 18: Factory Extension
FACTORY EXTENSION Construction of factory extension complete and hand over in June 2026 (~1,000m2). 3 CNC machines delivered with installation & commissioning under way and due for completion in September 2026. Capacity exists beyond the current 3 machines for continued expansion of machines and equ
Slide 19: Outlook
VEEM LTD INVESTOR PRESENTATION MARCH 2020 OUTLOOK PRINCESS YACHTS
Slide 20: Outlook – Propulsion & Defence
OUTLOOK – PROPULSION & DEFENCE PROPULSION DEFENCE • Global demand for propellers expected to continue to increase. • Defence remaining strong as orders received from ASC continue to be delivered into FY27. • Monitoring impact of Middle East conflict. • Continued qualification work as part of entry i
Slide 21: Outlook – Gyro & Engineering
OUTLOOK – GYRO & ENGINEERING GYROSTABILISERS ENGINEERING GENERAL • Mark III marketing and availability to drive sales in FY27. • Steady demand expected to continue. • Benefits of reduced overhead flowing. • Growth expected in existing commercial and recreational sectors. • 3D printing to reduce cost
Slide 22: OSA
OSA VEEM
Slide 23: Corporate Overview
CORPORATE OVERVIEW Corporate Snapshot VEE Share Price History ASX Code VEE 2.0 2,500,000 1.8 Share Price (26 August 2026) $0.57 1.6 2,000,000 1.4 Market Capitalisation (26 August 2026) $83.6m 1.2 1,500,000 Share Price Vol. 1.0 Shares on Issue 147m 0.8 1,000,000 0.6 0.4 500,000 Substantial Shareholde
Slide 24: Contact
CONTACT VEEM LTD INVESTOR PRESENTATION Mark Miocevich Tino Kapfumo Trevor Franz MARCH 2020 Managing Director CFO & Co Sec Investor Relations +61 8 9455 9355 +61 8 9455 9355 Trevor.franz@lgcapital.com.au +61 406 882 736 @VEEM_Ltd VEEM_Ltd This ASX announcement was authorised for release by the Managi