Austal Limited · ASX:ASB
Austal — Macquarie Emerging Leaders Conference 2008
21 slides from Austal's conference presentation, May 13, 2008
Slide 1: Leading the World in the Design and Construction of High Speed Aluminium Vessels
For personal use only LEADING THE WORLD IN THE DESIGN AND CONSTRUCTION OF HIGH SPEED ALUMINIUM VESSELS MACQUARIE EMERGING LEADERS CONFERENCE – MAY 2008
Slide 2: Overview
OVERVIEW For personal use only Overview: AUSTAL LIMITED IS A PUBLICLY LISTED AUSTRALIAN COMPANY SPECIALISING IN THE DESIGN AND CONSTRUCTION OF ALUMINIUM COMMERCIAL AND DEFENCE VESSELS. Corporate Profile: Founded: 1988 Listed: Australian Stock Exchange 1998 (Stock Code: ASB) Revenue: 2004 AU$ 310 mil
Slide 3: Product Overview
PRODUCT OVERVIEW For personal use only Commercial Veh / Pax Commercial Passenger Defence Leisure
Slide 4: Yard Overview - Australia
YARD OVERVIEW - For personal use only AUSTRALIA Henderson Henderson Henderson Margate
Slide 5: Yard Overview - USA
YARD OVERVIEW - For personal use only USA Mobile, Alabama
Slide 6: Financial Performance
FINANCIAL For personal use only PERFORMANCE 1H2006 2H2006 1H2007 2H2007 1H2008 Revenue 167.8 224.6 250.5 295.4 333.7 EBIT 19.7 26.8 23.1 35.4 33.1 EBIT % 11.7% 11.9% 9.2% 12.0% 9.9% Profit before tax 19.6 30.0 25.8 37.9 42.2 Tax Expense 1.1 (6.5) (5.9) (12.0) (12.3) OEI 2.1 1.4 0.5 0.2 0.0 Net Profi
Slide 7: Current Order Book
CURRENT ORDER For personal use only BOOK • 107 metre vessel for Hawaii Superferry. • 127 metre Littoral Combat Ship for US Navy. • 2 x 88 metre vessels for undisclosed client. • 2 x 69 metre vessels for undisclosed client. • 2 x 65 metre vessels for Sultanate of Oman. • 7 x 48 metre vessels for Cota
Slide 8: LCS Update
LCS UPDATE For personal use only • Vessel launched in April 2008. • 75% complete when launched. • Handover of vessel to Navy late 2008. • GD/Austal and Lockheed vessels tested in 2009.
Slide 9: LCS Launch
For personal use only LCS LAUNCH
Slide 10: LCS on Drydock
For personal use only LCS ON DRYDOCK
Slide 11: LCS Dockside
For personal use only LCS DOCKSIDE
Slide 12: LCS Update
LCS UPDATE For personal use only • “313 ship fleet is the floor.” • “You can look at the shipbuilding plan and you can see that LCS is the major driver of the number, and it’s not just to drive the number higher” • “The fact is that we as a Navy do have a gap in what I call the green water. We’re re
Slide 13: Austal Trimaran
AUSTAL For personal use only TRIMARAN • Flight Deck – Larger. Able to operate two helicopters in high sea states – Significantly higher flight deck from the waterline – Accommodates larger helicopter • Largest internal volume – Greater internal volume for weapons, logistics, combat systems • Lightwe
Slide 14: LCS Update
LCS UPDATE For personal use only FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 Original 3 6 6 6 6 5 6 6 5 - 2009 1 2 3 3 4 6 6 6 6 6 Plan • Long range Navy plan shows continued commitment to 313-ship fleet and 55 ship LCS program. • 2008 budget - US$337 million (1 vessel) - Award by August 2008.
Slide 15: Joint High Speed Vessel
JOINT HIGH For personal use only SPEED VESSEL • Austal awarded US$3 million Preliminary Design contract in February 2008. • Contracts awarded to: - Austal, Bath Iron Works & Bollinger • Likely program timeline: July 2008 Complete preliminary design Sep 2008 Award detailed design and construction con
Slide 16: US Operations Expansion
US OPERATIONS For personal use only EXPANSION • Modular Manufacturing Facility to be built in two stages. • Stage one design underway, construction to commence Sept 2008. • Stage one expenditure up to US$70 million. • Stage one capacity - ability to build three LCS size vessels per year. • Funding s
Slide 17: Multi Role Vessel
MULTI ROLE For personal use only VESSEL • 80 - 90 metre trimaran • Large flexible RoRo mission / logistics deck • Multi mission helicopter capability • Systems packaged mission modules • Speed > 25 knots • Range 4,500 nautical miles at cruising speed
Slide 18: Leisure Market
LEISURE MARKET For personal use only • Standard line of vessels for both private & commercial leisure operations. • Range of vessels between 35 – 60 metres. • Range of cruise yachts, live aboard/dive vessels and adventure vessels from 8 – 80 passengers. • Leisure market remains strong despite recent
Slide 19: Australian Submarine Corporation
AUSTRALIAN SUBMARINE CORPORATION For personal use only • Austal teamed with General Dynamics (51/49) % basis. • Attraction to Austal; – Increased participation in Defence business. – Long term maintenance contract to service submarines (25 years). – Potential to build other defence vessels from ASC
Slide 20: Outlook
OUTLOOK For personal use only Australian Operations • Sales enquiries for passenger only commercial vessels remain strong. • Continued gains from Advanced Ship Building modular construction through reduction in labour hours. • Increasing interest in Multi Role Vessel. • Continued focus on building c
Slide 21: Investor Relations Contacts
INVESTOR RELATIONS For personal use only CONTACTS John Rothwell - Executive Chairman Greg Metcalf - Chief Financial Officer Telephone - +61 89 410 1111 For further information – www.austal.com