Orbital Corporation Ltd · ASX:OEC
Orbital — Shareholder Meeting (October 2013)
28 slides from Orbital's shareholder meeting presentation, Oct 22, 2013
Slide 1: 24th Annual General Meeting
For personal use only Orbital Corporation Ltd 24th Annual General Meeting 7th November 2012 25th Annual General Meeting Confidential Orbital Corporation Ltd 1
Slide 2: Agenda
For personal use only Agenda • Chairman’s Address • Chief Executive Officer’s Address • Formal Business • Questions and Answers • Poll Confidential Orbital Corporation Ltd 2
Slide 3: Chairman's Address
For personal use only Orbital Corporation Ltd 24th Annual General Meeting 7th November 2012 Chairman’s Address Confidential Orbital Corporation Ltd 3
Slide 4: Chairman's Highlights
Chairman’s Highlights • Consolidated revenue increased by 19% to $26.699 million For personal use only • The financial performance of the Company has significantly improved from a loss of $3.053 million last year to a statutory net profit of $0.364 million this year • On an operating basis, we made
Slide 5: CEO's Address
For personal use only Orbital Corporation Ltd 24th Annual General Meeting 7th November 2012 CEO’s Address Confidential Orbital Corporation Ltd 5
Slide 6: Key Deliverables Over the Past Year
Key Deliverables Over the Past Year 2013/14 Activities in FY13 Results For personal use only Strategy Implementation • “Systems Sales” up 67% • Transitioning from IP/Consulting to • Reducing reliance on Consulting Services revenue sales company • India Engineering JV MOU with UCAL • India JV • Cash
Slide 7: Revenue
For personal use only Revenue $26.488 million 19% on FY12 64% on FY09 HIGHEST TOP LINE REVENUE NUMBER IN 5 YEARS Confidential Orbital Corporation Ltd 7
Slide 8: Shift in Revenue Mix
For personal use only Shift in Revenue Mix Sale of Goods: $23.424 million 67% on FY12 274% on FY09 39% of Revenue in FY09 88% of Revenue in FY13 Confidential Orbital Corporation Ltd 8
Slide 9: Orbital Businesses
Orbital Businesses Business Consulting License & For personal use only System Sales Synerject JV Unit Services Royalty Liquid LPG; Non Auto EMS EMS (Auto, non- Non Auto EMS Sector Distribution; UAS global supplier Auto), R&D Applications System Sales Revenue Synerject Revenue Consulting Services Rev
Slide 10: Increased Spectrum of Specialised Services
For personal use only Increased Spectrum of Specialised Services Confidential Orbital Corporation Ltd 10
Slide 11: 2013 - Positives and Negatives
2013 - Positives and Negatives • Positives For personal use only • Positive turn around in underlying profit • Positive turn around in cash position vs FY12 • Underlying profit of $1.4m; cash $6.9 million (30th June) • System sales revenue increased 67% to $23.4m • Synerject JV continues to grow and
Slide 12: Strategy Overview and Implementation
For personal use only Strategy Overview and Implementation • Transitioning to product/systems • Engineering focused on new product development • Organic growth in systems and components sales • Growth by acquisition/partnership/merger • Continue to follow the Synerject model Confidential Orbital Cor
Slide 13: Strategy – Steps to date, and future planning
For personal use only Strategy – Steps to date, and future planning • Transitioning from IP/Consulting Company to System Sales Company Business Restructure to suit requirements Purchase SGA “RedbackTM” IP/Consulting stake – LPG UAS Engines Aftermarket Liquid LPG Distribution Release system release P
Slide 14: Outlook: LPG Systems
For personal use only Outlook: LPG Systems • Target continued increase in LPG Australia LPG Systems Market systems market share 140 60% • Remain profitable – match Indicative Orbital Group Market Share2 120 50% LPG System Sales ('000's units)1 operational costs to market demand 100 40% 80 • Well pos
Slide 15: UAS Market (Unmanned Aircraft Systems)
UAS Market (Unmanned Aircraft Systems): • Current UAS R&D and procurement market is around US$5.2b1 For personal use only • Projected to Reach US$11.6b by end of next decade1 • Orbital’s Market is “SUAS” (Small UAS): • new engine systems • replacement of existing engines • EMS • Potential to expand
Slide 16: Why Orbital for UAS? FlexDI
Why Orbital for UAS ? Flex DITM • Orbital’s “FlexDITM” For personal use only • Direct Injection • Best Tech for Heavy Fuel • Reliable Proven Technology • Cost Effective • Orbital Know-How • 2-stroke engine experts • 35 years experience • EMS expertise • Capable of clean sheet designs • Commercializa
Slide 17: Orbital's UAS Products and Services
Orbital’s UAS Products and Services What do we offer to the UAS market? For personal use only • Heavy Fuel Engines and Engine Management Systems • Consulting Engineering Services to UAS OE’s Orbital’s Unique Offering • Satisfies “One Fuel” policy • Unassisted cold start capability • Improved Range •
Slide 18: Outlook: UAV Engines and EMS
For personal use only Outlook: UAV Engines and EMS Global UAV Projected UAV Segment Opportunity Procurement Market1 $60 $6,000 $50 30% Market $5,000 Share Market Value ($ millions) $40 Value ($ Millions) $4,000 Large $3,000 $30 $2,000 Medium $20 15% Market Share $1,000 $10 Small $0 Micro $0 2013 201
Slide 19: Outlook – Overview
Outlook – Overview • Revenue Growth For personal use only • Potential new revenue streams • UAS Market – new markets / new customers • India JV – EMS and Engineering Services • Grow existing revenue streams • Liquid LPG systems – Continue to increase market share • UAS EMS – New Products • Sprint Ga
Slide 20: Formal Business
For personal use only Orbital Corporation Ltd 24th Annual General Meeting 7th November 2012 Formal Business Confidential Orbital Corporation Ltd 20
Slide 21: Item – Financial Reports
For personal use only Item 2 – Financial Reports • To receive and consider the financial statements for the year ending 30 June 2013 together with the directors’ report and the auditor’s report. Confidential Orbital Corporation Ltd 21
Slide 22: Resolution – Remuneration Report
For personal use only Resolution 1 – Remuneration Report • That the Remuneration Report for the year ended 30 June 2013 be adopted by the Company. Confidential Orbital Corporation Ltd 22
Slide 23: Resolution – Re-election of Director
For personal use only Resolution 2 – Re-election of Director • That Dr V Braach-Maksvytis who retires by rotation in accordance with article 9.3 of the Company's constitution and, being eligible, offers herself for re- election, be elected as a director of the Company. Confidential Orbital Corporati
Slide 24: Resolution – Long Term Share Plan – T. Stinson
For personal use only Resolution 3 – Long Term Share Plan – T. Stinson • That, in accordance with Listing Rule 10.14 and for all other purposes, approval is given for the issue of up to 1,165,000 fully paid ordinary shares in the Company, directly or indirectly, to Mr T D Stinson under the Company’s
Slide 25: Resolution – Approval of 10% Placement Facility
Resolution 4 – Approval of 10% Placement Facility For personal use only • That, pursuant to and in accordance with Listing Rule 7.1A and for all other purposes, shareholders approve the issue of equity securities up to 10% of the issued capital of the Company (at the time of the issue) calculated in
Slide 26: Questions
For personal use only Orbital Corporation Ltd 24th Annual General Meeting 7th November 2012 Questions Confidential Orbital Corporation Ltd 26
Slide 27: Poll
For personal use only Orbital Corporation Ltd 24th Annual General Meeting 7th November 2012 Poll Confidential Orbital Corporation Ltd 27
Slide 28: Thank You
For personal use only Orbital Corporation Ltd 24th Annual General Meeting 7th November 2012 Thank You Confidential Orbital Corporation Ltd 28