Austin Engineering Limited · ASX:ANG
Austin Engineering — Shareholder Meeting (November 2010)
17 slides from Austin Engineering's shareholder meeting presentation, Nov 26, 2010
Slide 1: Annual General Meeting 2010
For personal use only austinengineering» ANNUAL GENERAL MEETING 2010 BRISBANE, 26 NOVEMBER 2010
Slide 2: Agenda
agenda For personal use only » Chairman’s address » Managing Director’s address » AGM formalities » Close and opportunity to meet over refreshments
Slide 3: 2010 achievements
2010 achievements For personal use only » Record full year EBIT result of $26.5m, and NPAT of $19.3m, up 23% and 30% respectively » Full year dividend lifted to 9.5cps, up 19% » Improved efficiencies in Australian business units » Expansion into key South American mining market commenced in August 2
Slide 4: Financial results - snapshot FY05-FY10
financial results - snapshot FY05-FY10 For personal use only
Slide 5: Financial results - FY10
financial results - FY10 For personal use only » Overall revenue levels for the year down due to the after- effects of the GFC in the first half of the year » Higher capacity utilisation and the manufacture of larger series of dump truck bodies lifted underlying profitability for Australian operatio
Slide 6: Balance sheet - FY10
balance sheet - FY10 For personal use only » Strong balance sheet, reflecting $31m capital raising to fund the group’s expansion into South America and $13.7m of operating cash flow in the year » Increase in working capital due to more projects being undertaken on a payment-after delivery basis, but
Slide 7: Business update - Australia
business update - australia For personal use only Queensland Brisbane: » Excellent work-loading for the first half of FY11 although quieter than the second half of FY10 » Maintaining improved levels of productivity and operating margins » Second half FY11 workload continuing to grow and a very good
Slide 8: Business update - Australia
business update - australia For personal use only Western Australia Perth: » First half FY11 performance below pcp due to issues with steel and deliveries » Strong second half FY11 expected » Signing of 3-year contract (plus 2 year extension) with major miner in January 2011 for the supply of 40-60
Slide 9: Business update - Americas
business update - americas For personal use only North America - Westech, Wyoming: » First half FY11 above budget but overall activity levels still below longer-term averages » Improved production efficiencies now being realised » No real signs of a sustained increase in market activity » Increase p
Slide 10: Business update - Middle East
business update - middle east For personal use only Oman - Masco joint venture, Sohar: » Underlying four-year (to 2012) maintenance contract performing at good levels » Excellent operating margins » New tender for the next major aluminium smelter project - Emal Stage 2 - expected to be received in D
Slide 11: Expansion plans - 2010 to 2012
expansion plans - 2010 to 2012 For personal use only
Slide 12: Expansion plans - 2010 to 2011
expansion plans - 2010 to 2011 For personal use only Chile: La Negra: » Completion in May 2011 will allow production of Austin’s JEC range including water tanks, buckets and tyre handlers Calama: » Calama is situated amongst the majority of mines in Chile » Establishment of operations in the area wi
Slide 13: Expansion plans - 2010 to 2011
expansion plans - 2010 to 2011 For personal use only Indonesia - Batam Island: » First orders already received for the manufacture of dump truck trays for a key customer in the region, deliveries scheduled for December 2010 - January 2011 (Austin has leased a small area in Batam) » Setup of companie
Slide 14: Expansion plans - 2011 to 2012
expansion plans - 2011 to 2012 For personal use only Peru: » Peru follows Chile and Brasil in terms of mining activity and output » Peru, like Colombia, is experiencing a major expansion in its mining and resources industry sector » The country is the next logical South American expansion target for
Slide 15: Expansion plans - summary timelines
expansion plans - summary timelines For personal use only Significant growth for Austin expected from the beginning of FY11/12 onwards
Slide 16: Summary
summary For personal use only » Continue to establish and grow Austin as the premier supplier of products and the service of those products across the world » Further introduction of new and advanced product ranges will open up new markets, revenue and profit streams » Diversification into other pro
Slide 17: www.austineng.com.au
WWW.AUSTINENG.COM.AU Ajuo esn jeuosied JO5
Austin Engineering — Shareholder Meeting (November 2010) on 6ix