Austin Engineering Limited · ASX:ANG
Austin Engineering — Shareholder Meeting (November 2014)
11 slides from Austin Engineering's shareholder meeting presentation, Nov 21, 2014
Slide 1: AGM Presentation
AGM Presentation Friday 21 November 2014 For personal use only
Slide 2: Agenda
Agenda • Commencement of meeting at 10:30am For personal use only • Chairman’s address • Managing Director’s address and presentation • Questions on Managing Director’s address and presentation • AGM formalities • Close and opportunity to meet over refreshments
Slide 3: FY14 Overview
FY14 Overview • Full-year FY14 EBITDA of $15.2m, which was 70% lower than the FY13 For personal use only result, due to the significant reductions in capital and replacement spending in the mining sector globally • Banking covenants re-negotiated and met for June 2013 • Operations have remained focu
Slide 4: FY14 Revenue, EBITDA, Dividend Developments
For personal use only FY14 Revenue, EBITDA, Dividend Developments
Slide 5: FY14 Profit and Loss
FY14 Profit and Loss FY13 FY14 • FY14 results were directly impacted $m $m % Change by significant reductions in capital For personal use only Revenue: and replacement spending in the Australia 200.3 125.7 -37% mining sector globally Americas 78.7 79.5 1% Middle East 2.4 0.4 -83% • Operations have r
Slide 6: FY14 Balance Sheet & Cash Flow
FY14 Balance Sheet & Cash Flow • High levels of investment in facilities Jun-13 Jun-14 and acquisitions that commenced in $m $m For personal use only FY13, and completed in FY14, have Working Capital 26.7 33.9 provided more capacity and increased assets but have also increased debt Property, Plant &
Slide 7: Update: Australia
Segment Update Australia: For personal use only • Miners throughout Australia, to-date have continued on their program of cost reductions • Enquiry levels are much stronger than at the same time last year, in terms of both volume and value • We are forecasting 2H FY15 to be higher than 1H, with cust
Slide 8: Update: Americas
Segment Update Americas: For personal use only • American Mining Companies have followed the international trend in delaying expenditure as long as possible. • Canadian Tar Sands work has been a success for FY14 and is expected to continue • Positive inroads made in Mexico with several of the larger
Slide 9: Update: South America
Segment update • The restructure of Chile is complete with distinct manufacturing, equipment hire and For personal use only R&M businesses already providing a better focus and financial outcome for FY15. However, La Negra still needs more throughput • Clients have indicated that major tenders will b
Slide 10: Update: Asia and General
Segment update Asia: For personal use only • Indonesia will produce a good result for the first half due to a recent contract win • Stage two of this contract has been awarded to Austin. Stage two will complete in April 2015, and combined with stage one, this will result in an excellent profit resul
Slide 11: Outlook
Outlook • Austin is very well placed to meet the anticipated increase in replacement equipment • Focus on debt reduction through more efficient working capital management For personal use only (especially steel stocks), cash-flow improvements and sale of excess land in South America • South America
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