Austin Engineering Limited · ASX:ANG
Austin Engineering — Investor Presentation (November 2023)
16 slides from Austin Engineering's investor presentation, Nov 29, 2023
Slide 1: Mid Period Update
Mid Period Update For personal use only November 2023
Slide 2: Building differentiation in the short and medium-term
Building differentiation in the short and medium-term For personal use only Financials continue to strengthen Opex-driven market Order book is remains strong delivering growth globally Austin 2.0 is delivering margin growth P2 www.austineng.com
Slide 3: H1 FY24 guidance re-confirmed
H1 FY24 guidance re-confirmed NPAT Revenue For personal use only $10m - $12m $120-140m ~ double yoy ~14% up yoy. Cashflow Order Intake Zero net debt Strong order flow predicted in FY24 across all regions, including Perth P3 www.austineng.com
Slide 4: Our 40-year journey
Our 40-year journey Brisbane, Australia Perth, Australia Casper, USA La Negra, Chile Batam, Indonesia Global Operation Worldwide Mackay, Australia Batam/La Negra For personal use only 1982 2004 2007 2009 2011 2017 2022 2022 2023 Aus ti n is founded Acqui red JEC Acqui red Westech Acqui red Conymet C
Slide 5: Australia returning to profit - strong order book building
For personal use only Australia returning to profit - strong order book building. Tray manufacturing moved to Mainetec Mackay Austbore operating well. Batam. Australia focused on is at capacity. mining buckets. P5 www.austineng.com
Slide 6: N. America growth success requires capacity expansion
N. America growth success requires capacity expansion – Wyoming state US$20m grant and loan package awarded. For personal use only 100 90 80 75.3 70 66.7 N. America A$M Revenue 60 50 40 35.7 30 20 10 0 21 22 23 24(F) P6 www.austineng.com
Slide 7: Project is driving Hub Batam to record levels
Project 30 is driving “Hub Batam” to record levels – market forecasts suggest further growth likely For personal use only 90 80 70 60 A$M REVENUE 50 43 40 30 28.2 20 15.8 10 0 21 22 23 24(F) P7 Financial Years www.austineng.com
Slide 8: Batam-driven cost reductions have been game changers
Batam-driven cost reductions have been “game changers” For personal use only WATER TANK DIPPER BUCKET TRUCK TRAY P8 www.austineng.com P8
Slide 9: Global Strategy
For personal use only Global Strategy P9 www.austineng.com
Slide 10: Revenue growth strong - market analysis indicates much more can be achieved
Revenue growth strong - market analysis indicates much more can be achieved 350 89% For personal use only Retention 300 258 11% 250 A$M REVENUE 198 203 200 150 33% 56% 100 50 0 21 22 23 24(F) FY24 is for comparison purposes only and should not be regarded as formal guidance P 10 www.austineng.com
Slide 11: Product diversity mix is improving aided by Mainetec
Product diversity mix is improving aided by Mainetec – key to further growth For personal use only 16% 13% 16% FY22 29% FY23 $203 $258m 58% 68% Truck Bodies Buckets and other products Repairs and Maintenance P 11 www.austineng.com
Slide 12: Austin 2.0 moves to the next phase of building on the product and manufacturing base
Austin 2.0 moves to the next phase of building on the product and manufacturing base with renewed sales focus Customer Focus Sales Teams For personal use only Marketing Investment 3 Product 2 Manufacturing Leadership 1 Leadership P 12 www.austineng.com
Slide 13: Product Leadership
Product Leadership OUR LIGHTEST OUR BEST For personal use only EVER TRUCK TRAY EVER BUCKET P 13 www.austineng.com
Slide 14: We are building defendable competitive advantage
We are building defendable competitive advantage For personal use only www.austineng.com
Slide 15: What can we expect next
What can we expect next Australia margin back to target run For personal use only rate by fy end. Order book strength. Batam & USA manufacturing expansion driven by strong growth. AustBuy will contribute as a significant profit centre. Strong cashflow will be a feature of the business. FY24 forecast
Slide 16: design matters | austineng.com
For personal use only design matters | austineng.com www.austineng.com
Austin Engineering — Investor Presentation (November 2023) on 6ix