Veem Ltd. · ASX:VEE
Veem — Non-Deal Roadshow (March 2025)
16 slides from Veem's roadshow presentation, Mar 18, 2025
Slide 1: Roadshow Presentation
For personal use only ROADSHOW PRESENTATION 18 MARCH 2025 VEEM LTD INVESTOR PRESENTATION 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 other Past performance information in this document is given for illustration purposes o
Slide 3: Our products and markets
Our products and markets World’s best technology with large target markets, using automation and robotics to manufacture efficiently in Australia For personal use only Propulsion Gyrostabilisers Defence Engineering • World’s best performing propellers • Only major supplier of large gyros • Defence s
Slide 4: Demonstrated long-term growth, just not linear
Demonstrated long-term growth, just not linear Half Yearly Revenue Trend Since Listing 45,000,000 1H FY25 Revenue For personal use only 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - 1H FY17 2H FY17 1H FY18 2H FY18 1H FY19 2H FY19 1H FY20 2H FY20 1H FY21 2H
Slide 5: 1HFY25 Revenue: Gearing up for a busy second half
1HFY25 Revenue Gearing up for a busy second half For personal use only 1HFY25 1HFY24 Revenue Revenue 1HFY25 comments. A$mil. A$mil. Propulsion 14.3 16.1 Big backlog in 1HFY24. Large contracts delayed to 2HFY25. Gyrostabilisers 3.3 5.0 Strategic Marine orders pulled forward into FY24 – new clients wo
Slide 6: Looking ahead
Looking ahead All products firing with strong long-term prospects For personal use only 2HFY25 and beyond comments Propulsion High visibility with orders in hand well ahead of prior period. Acceleration plan agreed. Sharrow target is 75 vessels in 12 months. Some revenue in Sharrow Propellers FY25,
Slide 7: 1HFY25 Highlights
1HFY25 Highlights For personal use only Revenue Total Activity1 EBITDA $33.6m Revenue, $34.5m EBITDA and NPAT down $3.9m and on the prior year due to raw materials (Guidance $3.4m-$4m) freight cost increases, general staff shortages and COVID impact (Guidance $33m-$35m) on customers, suppliers and s
Slide 8: Executive Summary
Executive Summary • VEEM 1HFY25 result at upper end of guidance released to the market in December. • 2HFY25 is expected to have increased revenue and margins. For personal use only • Agreement signed with Sharrow Engineering for the acceleration of the rollout. • Gyro sales for the half-year were $
Slide 9: Financial Results
For personal use only FINANCIAL RESULTS VEEM LTD INVESTOR PRESENTATION MARCH 2020 PRINCESS YACHTS
Slide 10: 1HFY25 Profit
1HFY25 Profit Gearing up for a busy second half For personal use only • Work in Progress +$0.9m for $34.5m of activity for 1HFY25 1HFY24 1HFY25. A$mil. A$mil. • ASC revenue –in between year for re-fits. FY24 was very high at $16m. Revenue 33.6 37.5 • Engineering products and services revenue +22%. M
Slide 11: Balance Sheet
Balance Sheet Continued investment in product and process development 31 Dec 2024 30 June 2024 For personal use only • Cash on hand of $0.3m at 31 Dec 2024 (30 June 2024: A$mil. A$mil. $0.2m) • Bank facilities renewed on existing terms with overdraft Current Assets 39.6 39.3 increased to $4m. Non-Cu
Slide 12: Cash Flow
Cash Flow Solid cash flow in 1HFY25 expected to improve in 2HFY25 For personal use only • Cashflow from operations was $1.8m (1HFY24: $3.6m) on lower revenue and margins in 1HFY25. 1HFY25 1HFY24 A$mil. A$mil. • Cashflow expected to improve in 2HFY5 due to improved EBITDA generation. Cash flow from o
Slide 13: Statutory EBITDA and cash flows
Statutory EBITDA $3,932k Cash Flows Less AASB 16 leases $1,019k Adjusted EBITDA $2,913k Investing 84 • Property plant & equip. $622k 214 (620) • Development costs $483k 400 For personal use only (1,045) 2,913 (1,105) (1,120) 539 259 Adjusted EBITDA Income tax refund Interest paid Investing cash flow
Slide 14: Outlook
For personal use only OUTLOOK VEEM LTD INVESTOR PRESENTATION MARCH 2020 PRINCESS YACHTS
Slide 15: Outlook: Accelerating Growth: A Stronger 2HFY25 and Beyond
Outlook Accelerating Growth: A Stronger 2HFY25 and Beyond For personal use only Propulsion Gyrostabilisers Defence Engineering • Momentum from FY24 to continue • Attendance during Europe and US • New orders anticipated from ASC in • Demand for the traditional with increased orders on hand. boat show
Slide 16: Contact VEEM LTD
This ASX announcement was authorised for release by the Managing Director of VEEM Limited. For personal use only Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich Tino Kapfumo Jonas Fitzgerald Managing Director Chief Financial Officer MARCH 2020 Investor Relations +61 8 9455 9355 +61 8 9455 9355