Austal Limited · ASX:ASB
Austal — Macquarie Emerging Leaders Conference 2008
16 slides from Austal's conference presentation, Oct 15, 2008
Slide 1: Macquarie Emerging Leaders Conference
For personal use only Macquarie Emerging Leaders Conference October 2008 Mr John Rothwell AO Chairman
Slide 2: Overview
OVERVIEW For personal use only • Austal is a diversified shipbuilder based in Western Australia • Currently operates five shipyards located in Western Australia, Tasmania and Mobile, Alabama (USA) • Austal has delivered or has on order more than 228 vessels for customers around the world • In excess
Slide 3: Product Range
For personal use only Product Range
Slide 4: Financial Summary
Financial Summary For personal use only 2006 2007 2008 Revenue 389.0 543.6 626.1 EBIT 46.5 58.5 52.6 EBIT % 12.0% 10.8% 8.4% Profit before tax 49.6 63.7 70.8 Tax Expense -5.4 -17.9 -18.5 OEI 3.6 0.7 0 Net Profit 40.6 45.1 52.3 Basic EPS (cents) 22.4 24.4 28.3 (a) $ millions unless stated (b) No mino
Slide 5: 2007/08 Summary
2007/08 Summary For personal use only • Net Profit attributable to shareholders of $52.3 million • Fully franked dividend 13 cents per share up from 12 cents in 2007 • Final price submitted to US Navy for JHSV program (10 vessels) • Construction of phase l of the Modular Manufacturing Facility comme
Slide 6: Commercial Order Book
Commercial Order Book For personal use only • 1 x 107 metre vessel for Hawaii Superferry. • 7 x 48 metre vessels for Cotai Strip (Macau) • 2 x 88 metre vessels for Middle East • 2 x 69 metre vessels for Middle East • 2 x 48 metre vessels for New World Fast Ferries • 3 x 22 metre police boats for Que
Slide 7: Defence Order Book
Defence Order Book For personal use only • 6 x 30 metre patrol boats for Trinidad & Tobago • 1 x 127 metre Littoral Combat Ships for United States Navy
Slide 8: Status of LCS
Status of LCS For personal use only • LCS 2 scheduled for handed over to Navy early 2009 • US$1 billion approved in 2009 shipbuilding budget for LCS program • Expect Navy to award one vessel to both GD/ Austal and Lockheed Martin • Future awards will be fixed price incentive contracts • Current Navy
Slide 9: Littoral Combat Ship Christening Ceremony
Littoral Combat Ship Christening Ceremony For personal use only
Slide 10: Joint High Speed Vessel
Joint High Speed Vessel For personal use only • Austal USA prime contractor • Final proposal submitted to Navy 10 October 2008 • > US$140 million cost / ship • 3 bidders – Austal, Bath Iron Works & Bollinger • All 10 vessels awarded to one bidder over 5 years • Anticipate decision by early December
Slide 11: Growth Strategy
Growth Strategy For personal use only Australian Submarine Coast Guard Corporation Foreign Military JHSV Patrol Sales LCS Boats . Inter U.S natio nal Passenger/Car Ferries Defense Service & Maintenance l ia Liveaboards Revenue merc Service Service & Maint. JV’s Com Austal Cruise boats Through- Life
Slide 12: MMF Expansion
MMF Expansion For personal use only • Construction of phase I commenced in July 2008 with completion expected in July 2009 • Phase I consists of 350,000 sq ft of production facilities • US$70 million expansion with > US$35 million funded • Expansion will more than double capacity
Slide 13: Advanced Ship Building
Advanced Ship Building For personal use only • Modular construction showing reductions in labour hours • Resulting in better use of facility space and more throughput • Introduction of modular construction in Mobile on LCS expected to show much improved results • Production process better utilises s
Slide 14: Australian Submarine Corporation
Australian Submarine Corporation For personal use only • Austal’s experience with RAN Patrol Boats and LCS positions us well for the acquisition opportunity. • Sale likely to commence in 1st quarter of 2009. • Government currently determining required Australian ownership level. Will be a minimum of
Slide 15: Outlook
Outlook For personal use only • Congress approve 2009 Navy budget • LCS & JHSV programs make up 20% of future US Navy fleet. Awards in both programs expected this year • Commercial sales enquiries expected to pick up with fall in Australian dollar. • Construction of Modular Manufacturing Facility in
Slide 16: Investor Relations Contacts
Investor Relations Contacts For personal use only John Rothwell - Non Executive Chairman Greg Metcalf - Chief Financial Officer Telephone - +61 89 410 1111 For further information – www.austal.com