Austin Engineering Limited · ASX:ANG
Austin Engineering — Shareholder Meeting (November 2019)
23 slides from Austin Engineering's shareholder meeting presentation, Nov 22, 2019
Slide 1: FY2019 AGM Presentation
Austin Engineering Limited FY2019 AGM Presentation 22 November 2019 www.austineng.com
Slide 2: Agenda
1. Commencement of meeting at 10:00am (AWST) 2. Chairman’s address and presentation 3. Formal business Agenda 4. Managing Director’s address and presentation 5. Questions 6. Close P2 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 3: Chairman's Address
Chairman’s Address Jim Walker Mount Keith Mine – Western Australia P3 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 4: Introductions
Chairman and Independent Jim Walker Non-Executive Director Managing Director Peter Forsyth Independent Chris Indermaur, Sy van Dyk Non-Executive Directors and David Singleton Introductions Chief Financial Officer Sam Cruickshank Company Secretary Sophie Raven Auditor Paul Gallagher (BDO) P4 Austin E
Slide 5: FY2019 Highlights
FY2019 Highlights • Operating and investing cash flow • Further strengthening of the Board surpluses totalling $26.1 million more • Restructure and sale of non-core than halved net debt from assets substantially complete $45.9 million at 30 June 2018 to $19.8 million at 30 June 2019 • Innovation, pr
Slide 6: Formal business of the meeting
AGM Formal business of the meeting www.austineng.com
Slide 7: Re-election of Mr Chris Indermaur as Non-executive Director
Resolution 1 Re-election of Mr Chris Indermaur as Non-executive Director To consider and, if thought fit, pass the following as an ordinary resolution: ‘ To re-elect Mr Chris Indermaur, in accordance with Listing Rule 14.4, who retires with effect from the end of the Annual General Meeting and, bein
Slide 8: Election of Mr David Singleton as Non-executive Director
Resolution 2 Election of Mr David Singleton as Non-executive Director To consider and, if thought fit, pass the following as an ordinary resolution: ‘ That Mr David Singleton, who retires after having been appointed as a Director of the Company on 15 April 2019, in accordance with rule 3.3 of the Co
Slide 9: Adoption of Remuneration Report
Resolution 3 Adoption of Remuneration Report To consider and, if thought fit, pass the following as a non-binding and advisory resolution: ‘ That the Remuneration Report for the year ended 30 June 2019 be and is hereby adopted’ Manner in which the security-holders directed proxy votes (as at proxy c
Slide 10: Approval for grant of performance rights to Mr Peter Forsyth, Managing Director
Resolution 4 Approval for grant of performance rights to Mr Peter Forsyth, Managing Director To consider and, if thought fit, pass the following as an ordinary resolution: ‘ That for the purposes of Listing Rule 10.14 and for all other purposes, approval be given for the grant of 3,151,515 Performan
Slide 11: Poll Procedure
Computershare Poll Procedure P 11 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 12: Managing Director's Address
Managing Director’s Address Peter Forsyth P 12 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 13: A strong FY2019
A strong FY2019 $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 P 13 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 14: One Austin – our people
One Austin – our people 1,719 22% Austin staff and labour Reduction from PCP hire contractors with no fall in earnings 16 6 Total Reportable Injury Lost Time Injury Frequency Rate Frequency Rate Austin Batam Facility – Indonesia P 14 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 15: Celebrating 50 Years
Celebrating 50 Years Austin Westech • Established 1969 • Worlds first light-weight truck body design • Outstanding innovation and manufacturing expertise • Highly regarded global brand name P 15 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 16: Innovation
Innovation Awards Two-piece excavator bucket Swedish Steel Prize • Austin placed 2nd in the prestigious Steel Prize held in Stockholm, Sweden for its two-piece excavator bucket • From the four nominated finalists, Austin won the People’s Choice award for its product, securing close to 50% of the vot
Slide 17: Anti Hang-up Ultima Body
Partnering for success Anti Hang-up Ultima Body Austin’s Perth Workshop, Western Australia P 17 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 18: Partnering for success
Partnering for success Austin’s Perth Workshop, Western Australia P 18 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 19: FY2020 Guidance
FY2020 Guidance FY2020 Normalised EBITDA of $24 to $28 million • Austin is on track to meet the guidance range provided in August 2019 of Underlying EBITDA of $24 to $28 million from continuing operations − currently expected to be towards the upper end of this range • First half FY2020 will be mate
Slide 20: Austin's Journey
Austin’s Journey FY2021 FY2016 FY2017 FY2018 FY2019 FY2020 and Beyond Survival Consolidation Growth P 20 Austin Engineering Limited AGM | November 2019 www.austineng.com
Slide 21: Questions?
Questions? www.austineng.com
Slide 22: Disclaimer
Disclaimer 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 nature and has been pre
Slide 23: Austin Engineering Limited
Innovation Update Austin Engineering Limited www.austineng.com www.austineng.com
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