Austal Limited · ASX:ASB

Austal — Shareholder Meeting (November 2024)

19 slides from Austal's shareholder meeting presentation, Nov 1, 2024

  1. Slide 1: FY2024 Annual General Meeting

    FY2024 Annual General Meeting 01 November 2024 Paddy Gregg, Chief Executive Officer 1. Welcome to FY2024 AGM 1

  2. Slide 2: Situational Summary

    Situational Summary Clearing the slip for launch • Delivered on EBIT- middle band of guidance range • Department of Justice/ SEC resolution allows focus on future growth • Relationship with Customers in the US and Australia very strong Transition coming to fruition • Looking back 3 years- life after

  3. Slide 3: Key Facts

    1 > 13 Ships Ordered 29 > 45 $1.572M > $1,469 M Ships under construction or Revenue scheduled 19 > 7 $2.5B > $12.7B Ships delivered Order Book (incl $8.9 B options) FY2021 > FY2024 Key Facts 35 > 67 5,500 >4,258 Vessels under Sustainment Employees Contracts 5 Shipyards in 4 Countries 8 Service Centr

  4. Slide 4: Order Book & Future

    Order Book & Future T-AGOS VIRGINIA + FORD CLASS COLUMBIA CLASS ECCPB & GCPB OCSV ELEVATORS MODULES OPC LANDING CRAFT (MEDIUM) EPF LCU LANDING CRAFT (HEAVY) EMS T-ATS 130m ROPAX FERRY (MOU) 4 GENERAL PURPOSE FRIGATE 71m ROPAX FERRY 66m SAILING CARGO TRIMARAN 1. Significant growth in order book on co

  5. Slide 5: Financial Highlights

    5 © Copyright 2024 Austal, All Rights Reserved FY2024 Financial Highlights 5

  6. Slide 6: Group Results Summary relative to FY23

    Group Results Summary relative to FY23 TOTAL REVENUE ORDER BOOK (inc. options, excluding SSA) (7.3)% +$1.1bn $1,469m $12.7bn OPERATING CASH FLOW NET CASH CASH $(99.8)m $(45.8)m $(5.7)m $3.9m @ year end $173.5m @ year end $(13.0) m $234m current $396m current EBITDA EBIT NPAT +$68.8m +$61.3m +$28.7m

  7. Slide 7: Austal USA - Pipeline

    Austal USA- Pipeline © Copyright 2024 Austal, All Rights Reserved 7 1. The profile of Austal USA’s ship build program is shown in the chart. 7

  8. Slide 8: Austal Australia – Pipeline & Opportunities

    Austal Australia – Pipeline & Opportunities © Copyright 2024 Austal, All Rights Reserved 8 1. The profile of Austal Australia’s potential ship build program is shown in the chart. 2. Minister for defence industry in Australia announced Austal will build 2 more ECAPES. Australian Government has also

  9. Slide 9: Long term investment proposition

    Long term investment proposition $M Group EBIT with EBIT Margin $ Austal Share Price $5 $160 $130 16.0% $115 $121 $4 $3.41 $120 $93 12.0% $3.23 $3.31 $63 $3 $2.37 $2.49 $80 $56 8.0% $2.05 8.4% $1.80 $40 7.3% 4.0% $2 6.3% 4.6% 5.0% $(5) 3.8% $1 $0 0.0% (0.3%) $0 ($40) (4.0%) FY2018 FY2019 FY2020 FY20

  10. Slide 10: Guidance FY2025

    Guidance FY2025 EBIT Guidance for FY25 is $80m Key drivers include: • Record order book of $12.7 billion • Increased orders anticipated through the SSA • Increased volume of work in Asia • T-ATS REA progress • A weakening US$ could reverse the tailwinds experienced in FY24 • We are still working to

  11. Slide 11: Business Overview

    11 © Copyright 2024 Austal, All Rights Reserved FY2024 Business Overview 11

  12. Slide 12: On time, on budget.

    THE EVOLUTION CONTINUES Eight Evolved Cape-class Patrol Boats in less than five years ADV Cape Otway (314) March 2022 ADV Cape Peron (315) August 2022 ADV Cape Naturaliste (316) November 2022 ADV Cape Capricorn (317) February 2023 ADV Cape Woolamai (318) June 2023 ADV Cape Pillar (319) October 2023

  13. Slide 13: Expanding Shipbuilding- Up to US$300m

    Final Assembly 2 Expanding Shipbuilding- Up to US$300m Mobile Yard Module Manufacture 3 US$450m Submarine Industrial Base US$152m • Invest in facilities for current and future shipbuilding programmes and additional submarine module capacity • Resolution of DoJ matters enables finalisation of funding

  14. Slide 14: Support

    Support We set a target of $500m revenue by FY27 and are tracking well against this: • Our addressable market grows in US and Australia as the number of Austal-built ships increases • Investment in San Diego growth opportunity when the floating dock is commissioned • This is taking longer than antic

  15. Slide 15: Austal Technology

    Austal Technology Austal historically focused on shipbuilding, moved into and grew support, and is now growing in technology. Future opportunity in AUKUS pillar 1 (Sub modules) and pillar 2 (Technology) In the US: In Australia: Additive Manufacturing (AM) is a force multiplier PBAT project has succe

  16. Slide 16: Strategic Outlook

    Strategic Outlook 1. Record order book in the US with Australia set to follow through Strategic Shipbuilding Agreement. Positive momentum with Henderson Defence Precinct announcement. 2. Underlying business performing, remedy start-up challenges 1. Issues on T-ATS and AFDM confined to those programs

  17. Slide 17: PBAT Video – First Sea Trials

    PBAT Video – First Sea Trials 17

  18. Slide 18: Disclaimer

    Disclaimer Paddy Gregg, Chief Executive Officer Telephone: +61 8 9410 1111 For further information visit www.austal.com Disclaimer This presentation and any oral presentation accompanying it has been prepared by Austal Limited (“Austal”). It should not be considered as an offer or invitation to subs

  19. Slide 19: ASX:ASB austal.com

    ASX:ASB austal.com End © Copyright 2024 Austal, All Rights Reserved 19

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