Austal Limited · ASX:ASB
Austal — Macquarie Australia Conference 2016
29 slides from Austal's conference presentation, May 6, 2016
Slide 1: Macquarie Australia Conference
Macquarie Australia Conference For personal use only David Singleton, Chief Executive Officer 6 May 2016
Slide 2: About Austal
About Austal For personal use only SHIPS SYSTEMS SUPPORT SHIPS SYSTEMS SUPPORT 2
Slide 3: Austal's Global Presence
Austal’s Global Presence For personal use only SHIPS SYSTEMS SUPPORT 3
Slide 4: Austal has a long history of vessel construction
Austal has a 28 year history of vessel construction For personal use only SHIPS SYSTEMS SUPPORT 4
Slide 5: Leader of high speed aluminium ferries
Leader of high speed aluminium ferries For personal use only SHIPS SYSTEMS SUPPORT 5
Slide 6: High speed transport
High speed transport For personal use only SHIPS SYSTEMS SUPPORT 6
Slide 7: Austal has been building patrol vessels for Australia
Austal has been building patrol vessels for Australia for 17 years For personal use only SHIPS SYSTEMS SUPPORT 7
Slide 8: New contract for patrol vessels now signed
New contract for 19 patrol vessels now signed For personal use only SHIPS SYSTEMS SUPPORT 8
Slide 9: High speed support vessel for the Royal Navy of Oman
High speed support vessel for the Royal Navy of Oman continues tradition of naval vessels For personal use only SHIPS SYSTEMS SUPPORT 9
Slide 10: Prime contractorship for classes of vessels for the United States Navy
Prime contractorship for 2 classes of vessels for the United States Navy For personal use only SHIPS SYSTEMS SUPPORT 10
Slide 11: Operations update
Operations update For personal use only MOBILE, ALABAMA, USA HENDERSON, WESTERN AUSTRALIA BALAMBAN, CEBU, PHILIPPINES SHIPS SYSTEMS SUPPORT 11
Slide 12: Overview shipbuilding programs
Overview shipbuilding programs For personal use only LCS EPF SHIPS SYSTEMS SUPPORT 12
Slide 13: Austal Henderson has completed Cape class patrol boats
Austal Henderson has completed 8 Cape class patrol boats, delivering at a rate of one 58m vessel every 9 weeks For personal use only Delivering on-time, on-budget multi-ship builds 2012 today 1 Keel laying Delivery 2 3 4 5 • Program extended with Cape 9 & 6 10 and Austal is ready to support a contin
Slide 14: Philippines operations delivers a lower cost base
Philippines operations delivers a lower cost base in an internationally competitive commercial market For personal use only SHIPS SYSTEMS SUPPORT 14
Slide 15: Oil and gas support vessels under construction
2 sophisticated oil and gas support vessels currently under construction For personal use only Large Crew Transfer Vessel 58m Large Crew Transfer Vessel 70m SHIPS SYSTEMS SUPPORT 15
Slide 16: Systems and Support is a key strategic focus for Austal
Systems and Support is a key strategic focus for Austal For personal use only SHIPS SYSTEMS SUPPORT 16
Slide 17: The Government's continuous shipbuilding plan
The Government’s continuous shipbuilding plan For personal use only Designer Build location Adelaide Submarine Adelaide Future Frigate Adelaide until 2020 Henderson after 2020 Offshore Patrol Vessel SHIPS SYSTEMS SUPPORT 17
Slide 18: The Government's continuous shipbuilding plan
The Government’s continuous shipbuilding plan For personal use only WHO WILL BE THE AUSTRALIAN SOVEREIGN SHIPBUILDER SHIPS SYSTEMS SUPPORT 18
Slide 19: Austal currently building ships as large as the future Australian requirement
Austal currently building ships as large as the future Australian requirement For personal use only SCALE : 1:1000 Current Austal designs in production Planned Australian programs LCS Australian Future Frigate* EPF Australian Future OPV* HSSV Australian PPB* Cape Class SHIPS SYSTEMS SUPPORT 19 *
Slide 20: Leader in modular manufacturing techniques for naval shipbuilding
Austal is a leader in the application of modular manufacturing techniques to naval shipbuilding For personal use only Conventional shipbuilding halls used for final assembly SHIPS SYSTEMS SUPPORT 20
Slide 21: PPB-R is a bridge to the OPV program
PPB-R is a bridge to the OPV program For personal use only PPB-R (Austal design) OPV (Offshore Patrol Vessel) • Demonstrates Austal’s capability in steel • Ensures Henderson remains Australia’s home of Patrol boat builds • De-risks the OPV program for both Government and Austal SHIPS SYSTEMS SUP
Slide 22: Australia's leading shipbuilding exporter
Austal is Australia’s leading shipbuilding exporter and the best bet for OPV and Frigate exports For personal use only Australian OPV Cape Class PPB-R Defence Frigate Defence Export Capes Additional Oman HSSV exports and other Patrol HSSVs Commercial New fast ferry Additional O&G fast crew boats mar
Slide 23: H1 FY16 overview: Financial
H1 FY16 overview For personal use only Financial Revenue: $747.4 million EBIT: $29.0 million NPAT: $16.8 million Net cash: $30.6 million Interim dividend: 2.0 cents per share fully franked Order book: $2.8 billion, securing work through CY2020 SHIPS SYSTEMS SUPPORT 23
Slide 24: H1 FY16 overview: Operational
H1 FY16 overview For personal use only Operational Maturing major programs: EPF stable with program extension orders to 12 ships recently placed LCS first of class issues continuing with margin under review 2 additional Cape Class vessels in production at Henderson HSSV for Oman nearing co
Slide 25: H1 FY16 overview: Outlook
H1 FY16 overview For personal use only Outlook Pipeline: Extension of US Navy programs Defence vessels to Middle East Australian Future Frigate and OPV Commercial ferry market showing signs of revival Cash: Strong cash generation and further debt reduction SHIPS SYSTEMS SUPPORT 25
Slide 26: Segment breakdown
Segment breakdown For personal use only ($m) Ships Systems Support Other1 Total Revenue 497.7 109.4 31.4 - 638.4 USA EBIT 27.4 0.8 3.3 (4.6) 26.9 EBIT Margin% 5.5 0.7 10.5 - 4.2 Revenue 78.8 - 26.8 - 105.6 Australia EBIT 8.8 - 3.5 (1.0) 11.3 EBIT Margin% 11.2 - 13.0 - 10.7 Revenue 15.1 - 1.2 - 16.3
Slide 27: Positive trend in net cash / (debt)
Positive trend in net cash / (debt) For personal use only A$ millions 100 Dec 2015 $31 M 50 Dec 2014 Cash Jun 2015 $7 M $(4) M - (Debt) (50) Jun 2013 Dec 2013 $(137) M $(100) M (100) Jun 2014 $(78) M (150) Dec 2012 $(101) M (200) Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 201
Slide 28: Questions
Questions For personal use only SHIPS SYSTEMS SUPPORT 28
Slide 29: Disclaimer
Disclaimer For personal use only 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 o