Slide 1: Austal Limited Investor Information Package
For personal use only Austal Limited Investor Information Package August 2007
Slide 2: 2007 Overview
For personal use only 2007 Overview • Return of large ferry orders from Hong Kong region • Award of 2nd Littoral Combat Ship • Purchase of shipyard in Tasmania to provide increased capacity • Acquired minority interest in Austal USA • Expansion of US workforce by 75% to over 1,000 employees • Secure
Slide 3: Financial Results
For personal use only Financial Results 2006 2007 Revenue 389.0 543.6 EBIT 46.5 58.5 EBIT % 12.0% 10.8% Profit before tax 49.6 63.7 Tax Expense -5.4 -17.9 Net Profit 44.2 45.8 Basic EPS (cents) 22.4 24.4 (a) $ millions unless stated Investor Information Package Slide 3
Slide 4: Australia vs US Revenue
For personal use only Australia vs US Revenue Australia vs US Revenue $ Millions 400 350 300 250 200 150 100 50 0 2003 2004 2005 2006 2007 Australia USA Investor Information Package Slide 4
Slide 5: Workforce
For personal use only Workforce Employees 1,600 1,400 1,200 1,000 800 600 400 200 - June 2004 June 2005 June 2006 June 2007 Australia USA Investor Information Package Slide 5
Slide 6: Vessels Completed in 2007
For personal use only Vessels Completed in 2007 • 88 metre vessel for City of Istanbul. • 59 metre private cruise vessel • 16 metre Bermuda Police Boat • 5 x 57 metre RAN Patrol Boats Above: Osman Gazi-1 – delivered to City of Istanbul in May • 107 metre vessel for 2007, on trials in Perth. Hawaii S
Slide 7: Current Orders - Commercial
For personal use only Current Orders - Commercial • 1 x 88 metre vessel for City of Istanbul. • 1 x 107 metre vessel for Hawaii Superferry. • 2 x 66 metre vessels for Sultanate of Oman. • 10 x 48 metre vessels for Cotai Strip (Macau) • 2 x 88 metre vessels for middle east Above: Hawaii Superferry de
Slide 8: Current Orders - Military
For personal use only Current Orders - Military • 2 x 57 metre Patrol Boats for Royal Australian Navy • 2 x 127 metre Littoral Combat Ships for United States Navy Investor Information Package Slide 8
Slide 9: Littoral Combat Ship
For personal use only Littoral Combat Ship Above: Initial LCS vessel under construction in Alabama Investor Information Package Slide 9
Slide 10: Littoral Combat Ship
For personal use only Littoral Combat Ship • Austal USA is the designer and builder in the General Dynamics consortium • Navy committed to LCS program and 313 ship fleet plan • Cancellation of Lockheed 2nd vessel • Future vessels likely to be awarded on a fixed price incentive basis • Down select to
Slide 11: Advanced Ship Building
For personal use only Advanced Ship Building • Construction of precisely sized modules prior to main assembly • Commenced on larger scale with 10 x 48 metre vessels for Cotai Strip (Macau) • Simplification of drawings assisting on production floor • Introduction of Ship Constructor design software s
Slide 12: Planned US Expansion
For personal use only Planned US Expansion • 100 acres of land acquired • Panel Construction Facility completed • Router Cutter & Fitout Facility (In progress) • 3rd large Erection Bay to accommodate 135 metre vessel • Modular Manufacturing Facility (Constructed in 2 phases) • Financial support from
Slide 13: Future Growth Prospects
For personal use only Investor Relations Contacts Future Growth Prospects
Slide 14: Joint High Speed Vessel
For personal use only Joint High Speed Vessel • Joint High Speed Vessel (JHSV) is an approved program by the US Army and Navy. • Over 100 metres in length and US$130 million each. • Concept similar to Westpac Express. • Sept 2007 - Request for proposal released. • Jan 2008 - Award preliminary design
Slide 15: Australian Submarine Corporation
Australian Submarine Corporation For personal use only • Austal teamed with General Dynamics (51/49) basis • Sale likely to be concluded in second half of 2008 • Sale on expected to be impacted by change of Federal Government • Attraction to Austal; – Increased participation in Defence business / co
Slide 16: Outlook
For personal use only Outlook • Contracts on hand at 30 June amounted to $765 million • Commercial sales enquiries continue to be strong • Increasing focus on building capability in defence programs • Expansion of Tasmanian workforce • Continued expansion of US workforce to accommodate LCS & JHSV pr
Slide 17: Investor Relations Contacts
For personal use only Investor Relations Contacts John Rothwell – Executive Chairman Greg Metcalf – Manager US Business Development Telephone: + 61 89 410 1111 For further information www.austal.com