Veem Ltd. · ASX:VEE
Veem — ShareCafe Hidden Gems Webinar (October 2023)
11 slides from Veem's conference presentation, Oct 6, 2023
Slide 1: ShareCafe Hidden Gems Webinar: Exclusive Worldwide Agreement to Commercialise Sharrow Propeller
For personal use only SHARECAFE “HIDDEN GEMS” WEBINAR Exclusive, Worldwide Agreement for VEEM to Commercialise Revolutionary Sharrow Propeller Design for Inboard VEEM LTD Powered Vessels INVESTOR PRESENTATION MARCH 2020 6 October 2023 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: Who is VEEM?
Who is VEEM? • Commenced in 1968. Listed on ASX 2016. For personal use only • Headquartered in Perth, Western Australia, with a 14,700 sqm purpose-built fabrication and manufacturing facility, including Australia’s largest non-ferrous foundry. • Approximately 200 staff in Australia, including gradua
Slide 4: What has been Agreed?
What has been Agreed? • Agreement signed with Sharrow Engineering for VEEM and Sharrow to partner together to design Sharrow propellers for inboard For personal use only powered vessels • VEEM will then exclusively manufacture and sell the SHARROW by VEEM range of propellers worldwide for inboard po
Slide 5: Why is this Important
Why is this Important • The Sharrow Propeller™ was invented by Gregory Sharrow in 2012 and is cited as the first major advancement in propeller technology For personal use only since the 1830s. • Its design has solved the most basic problem of rotary propulsion. Specifically, tip cavitation and vort
Slide 6: Why did Sharrow Choose VEEM?
Why did Sharrow Choose VEEM? For personal use only • VEEM is currently the world leader in high-performance fixed pitch propeller manufacturing. It has achieved this standing over years of refining its designs and its processes for casting and machining the perfect propeller. A VEEM propeller is a p
Slide 7: Where will these be made? Expansion Plans?
Where will these be made? Expansion Plans? • VEEM will be initially manufacturing the SHARROW by VEEM propellers at its plant in Western Australia which has capacity for 450 to 500 propellers a month. Initially these are expected to be For personal use only taken up by demand from boat manufacturers
Slide 8: What is the Target Market and Pricing?
What is the Target Market and Pricing? • Target market is propellers below 5 metres in diameter used for inboard vessels. For personal use only • The main volumes VEEM is targeting initially are in the 30 – 90 feet (10 – 30m) range where there are premium production yacht manufacturers who the Compa
Slide 9: What's next?
What’s next? For personal use only Investors can expect updates from the Company around the following milestones: 1. Completion of VEEM’s acceptance testing of the performance of the Sharrow design on the VEEM test vessel. Testing is expected to be done in the coming weeks with results in December 2
Slide 10: Q&A
For personal use only Q&A 10
Slide 11: Contact VEEM LTD
This ASX announcement was authorised for release by VEEM Managing Director, Mark Miocevich. For personal use only Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich David Rich Jonas Fitzgerald Managing Director CFO MARCH Investor 2020 Relations +61 8 9455 9355 +61 8 9455 9355 jonas.fitzgerald@lgc