Veem Ltd. · ASX:VEE
Veem — NWR Virtual Small Cap Investor Conference 2020
17 slides from Veem's conference presentation, Mar 26, 2020
Slide 1: VEEM Ltd Investor Presentation
VEEM LTD VEEM INVESTOR LTD PRESENTATION INVESTOR PRESENTATION MARCH 2020 NWR VIRTUAL SMALL CAP INVESTOR CONFERENCE 26 MARCH 2020 Princess Yachts
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT PAST PERFORMANCE This document, including the information contained in this disclaimer, is not a prospectus, product disclosure statement or Past performance information in this document is given for illustration purposes only an
Slide 3: VEEM Introduction
VEEM Introduction PRECISION MARINE TECHNOLOGY DISRUPTOR WITH 50+ YEARS EXPERIENCE & WORLD-CLASS WA-BASED MANUFACTURING FACILITIES VEEM develops Significant cross- Track record of and manufactures selling potential of disrupting niche marine gyrostabilizer gyro tech to existing marine markets and and
Slide 4: Stabilization and propulsion
Stabilization and propulsion Propulsion Fully CNC (computer numerical control) machined over every sq mm of the surfaces, ensuring faster, smoother and quieter performance. The only commercially available propellers manufactured in this manner. Propellers are now a precision machined part, not a han
Slide 5: Successful Sale of World's Largest Gyro for Damen Shipyards
Successful Sale of World’s Largest Gyro for Damen Shipyards VEEM has just completed the world’s largest gyrostabilizer for Europe’s second largest ship builder, Damen Shipyards. Damen builds more than 175 vessels annually and is active across the entire spectrum of maritime industries. VEEM Gryo Sta
Slide 6: Significant addressable market
Significant addressable market – awareness increased, uptake expected following successful VG1000 SD sale to Damen Shipyards Currently, VEEM is Significant opportunity the only player operating to use developed in the large gyro technology for smaller market, with primary vessels. competition coming
Slide 7: Superyacht Market Snapshot
Superyacht Market Snapshot Data source: SuperYacht Times Current order book of 737 vessels# represents a target market of over US$273M for Gyro Sales . Expected fleet growth of 2.5% (CAGR) next five years. Vessel Size Operating Fleet Order Book# VEEM Gyro (length) Total Vessels* 1 Jan 2020 Model** C
Slide 8: Gyro's expected to be the driving force
Gyro’s expected to be the driving force $3.34m* orders for delivery in FY20 on Sales of VEEM Gyros hand, including first VG1000 SD for Damen Shipyards 3.34* 2.09 FIRST VG145 AND VG260 SOLD 0.98 1.03 SALE OF FIRST VG120 0.58 0.42 0.46 0.01 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 * Not
Slide 9: VEEM – a global leader in the propulsion market
VEEM – a global leader in the propulsion market A recognised global market leader in marine propulsion VEEM has a global patent on Despite being a key As an innovative propeller VEEM utilises patented the Interceptor pitch component in boats and manufacturer, VEEM has pattern-less molding and adjust
Slide 10: Robust precision engineering business provides platform for growth
Robust precision engineering business provides platform for growth Underpinning VEEM’s high-growth gyros and Core engineering business We have built a propulsion products is a is profitable, with long-term specialised business that Solid year-on-year robust, high-end agreements and provides a strong
Slide 11: $9M Submarine Component Contract with ASC
$9M Submarine Component Contract with ASC VEEM has secured a $9 million order from ASC for specialised submarine components as part of the maintenance program for the Collins Class submarines. Award of the contract demonstrates the strong base of recurring demand for VEEM’s highly specialised defenc
Slide 12: VEEM is building on over 50 years' history
VEEM is building on over 50 years’ history at the cutting edge of precision marine technology Quality System accreditation and IPS workshops Successful sea Integrated SS acquired Conquest implementation trials with Operations Foundry and New workshops VEEM Ltd Propellers of ERP System Damen Commence
Slide 13: World-class manufacturing facilities
World-class manufacturing facilities VEEM’s purpose-built workshops are state-of-the-art and cover The company’s plant and equipment is approximately 14,500m2 (including the sophisticated and heavily utilizes new gyro facility officially opened 6 CNC and robotic technology. March 2020) Key facilitie
Slide 14: COVID-19 Impact
COVID-19 Impact Defence work Revenue and All facilities Order book Minimal remains on earnings remain fully currently impact on track guidance operational full supply withdrawn Best practice hygiene chain New $9 million contract and safety measures Only a small with ASC for Currently performing are
Slide 15: VEEM – reaching its inflection point
VEEM – reaching its inflection point Market acceptance of the Product development is Precision VEEM will continue to VEEM gyro range has focused on a engineering, defence and cement itself as the market accelerated through a systematic, long-term view propulsion work will leader in the production of
Slide 16: Corporate Overview
Corporate Overview Corporate Snapshot (24 March 2020) 12-month Share Price Performance ASX Code VEE 4 $0.70 Millions Share Price $0.445 3.5 $0.60 Market Capitalisation $58m 3 $0.50 Shares on Issue 130m 2.5 $0.40 2 $0.30 1.5 $0.20 1 Substantial Shareholders 0.5 $0.10 Miocevich Family 61.54% 0 $0.00 P
Slide 17: Contact
Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich MARCH 2020 David Rich Simon Hinsley Managing Director CFO Investor & Media Relations +61 8 9455 9355 +61 8 9455 9355 +61 401 809 653 simon@nwrcommunications.com.au Princess Yachts
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