Veem Ltd. · ASX:VEE
Veem — Investor Presentation (October 2017)
22 slides from Veem's investor presentation, Oct 9, 2017
Slide 1: Investor Presentation October 2017
For personal use only Investor Presentation October 2017
Slide 2: Disclaimer
Disclaimer For personal use only THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT This document, including the information contained in this disclaimer, is not a prospectus, product disclosure statement or other disclosure document and does not constitute, or form any part of, an offer to
Slide 3: Overview
Overview For personal use only Established and highly regarded industry leader VEEM is a Perth based high-technology specialist manufacturer of premium marine propulsion and gyro- stabilisation systems Passionate about design and engineering excellence An industry leader with an outstanding brand an
Slide 4: Corporate Overview
Corporate Overview For personal use only Capital Structure Share Price Chart ASX Code VEE $0.70 7.0 Issued Capital 130.0m $0.68 6.0 Market Capitalisation at 52.5c $68.3m $0.66 $0.64 5.0 Net Debt as 30 June 2017 $7.4m $0.62 Last Price Enterprise Value $75.7m 4.0 Volume $0.60 Board $0.58 3.0 Brad Mioc
Slide 5: Our Business
For personal use only OUR BUSINESS
Slide 6: Where we came from?
Where we came from? For personal use only For a long time, partly due to our location and markets, VEEM was a manufacturer of anything and everything. VEEM has supplied to: Boeing and Airbus (B737, A320 components) CERN Large Hadron Collider (radiation shields) precision hull valves to submari
Slide 7: Our skills
Our skills For personal use only As a result we had developed a wide capability and capacity of engineering skills including: Detail engineering design Hydrodynamics 3D modelling Programming Electronics High compliance casting - Produce over 250 types of alloys. CNC machining Robotic
Slide 8: Business History
Business History For personal use only 2012 Continuing our story 2005/6 New workshops Fast loop combining Osborne manufacturing Park into Canning process Vale implemented four year $30m LCS contract 2016 with Austal Conquest Ships secured Propellers 2000 2006/7 released 1987 Propeller Interceptor Qu
Slide 9: What and Who are we now?
What and Who are we now? For personal use only Eventually we realised that we are really a Manufacturer of Sophisticated Marine Products. To build on that - we have taken a two-prong approach to meet the needs of the growing local and international superyacht, commercial, naval and recreational sect
Slide 10: Marine Propellers
Marine Propellers For personal use only Advanced parametric modeling system Robotically produced NiBrAl castings: 1 or 100 at the same marginal cost Fully CNC machined precision propellers From 0.5m to 4.6m diameter Current production 3,000 units pa, capacity for over 6,000 units pa. Cav
Slide 11: Conquest Propellers
Conquest Propellers For personal use only Conquest Propeller have been developed to specifically meet the demands of the replacement propeller market Since the release of Conquest in 2016, VEEM has been actively engaging propeller distributors around the world Current number of dealers and stock
Slide 12: Propulsion Packages
Propulsion Packages For personal use only Sales update FY2018 Completed $700,000 Won contracts won totalling $3.5 million Tendered $11.4 million shaft lines 12
Slide 13: Gyroscopic Stabilisers
Gyroscopic Stabilisers For personal use only VEEM Gyros are initially designed and packaged for the superyacht industry to reduce vessel roll which increases comfort and vessel operational VEEM Gyros are designed for fatigue and long life using relevant VEEM Gyro Range international and European s
Slide 14: Gyroscopic Stabilisers
Gyroscopic Stabilisers For personal use only VG120 sea trials on MY Tango after installation in November 2016 61% roll reduction was achieved with the VG120 was turned on Wider operational area opened up for the MY Tango due to roll management Guest transfer to and from the tender is faster, s
Slide 15: FY17 Financial Result
For personal use only FY17 FINANCIAL RESULT
Slide 16: FY17 Financial Result
FY17 FINANCIAL RESULT For personal use only FY17 was a very significant year for Prospectus FY16 FY17 Forecast Variance Forecast FY17 VEEM Ltd. This was the first financial year trading as an ASX listed public Operating Revenue $41.37m $38.08m $46.77m (18.6%) company. EBITDA $8.45m $7.80m $7.84m (0.
Slide 17: Market Update – October 2017
For personal use only MARKET UPDATE – OCTOBER 2017
Slide 18: Market Update: VEEM Gyros
Market Update For personal use only Solid progress made already in FY18 VEEM Gyros Traction and engagement with key OEMs: Westport Yachts to be commissioned early 2018 Van de Valk Yachts VEEM Gyro specified in next build Damen Shipyards Oil & gas industry supplier integrating Gyros into
Slide 19: Market Update cont.
Market Update cont. For personal use only Solid progress made already in FY18 Defence Final negotiations of three year ASC supply contract with component order for scheduled docking to occur before end of the financial year Awarded $2.8m Pacific Patrol Boat shaft line contract over 5 years VEE
Slide 20: Gyroscopic Stabilisers Sales and Production update
Gyroscopic Stabilisers For personal use only Sales and Production update VG1000 - completion of final design, completion of detail drafting and commencement of production in March 2018 VG 120 and VG 260 in production Engineering evaluation underway to create a heavy duty series and a superyach
Slide 21: Continued Strategy and Drivers for Growth
Continued Strategy and Drivers for Growth For personal use only Strategy Drivers for Growth VEEM has strong capability and sees specific growth Sales and Marketing via third party distributors and opportunities in: agents high-end marine propulsion equipment (propellers and shaft lines) for the
Slide 22: Summary
Summary For personal use only Total world domination in the marine propulsion and gyro-stabilisation markets Traction and engagement with key OEMs and installed Gyros meeting technical expectation VEEM test vessel sent to Europe for 12 months to carry out trials for boat yards and trade shows.