Veem Ltd. · ASX:VEE
Veem — Investor Presentation (September 2021)
20 slides from Veem's investor presentation, Sep 13, 2021
Slide 1: Capital Raising Presentation
VEEM LTD INVESTOR PRESENTATION MARCH 2020 VEEM LTD CAPITAL RAISING PRESENTATION 13 SEPTEMBER 2021 PRINCESS YACHTS
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER IMPORTANT: you must read the following before continuing. Not investment of financial product advice This presentation has been prepared by VEEM Ltd (ACN 008 944 009) (Company). It contains general information This presentation does not constitute financial product,
Slide 3: Executive Summary
Executive Summary VEEM is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defense industries. From a precision engineering background, over decades VEEM has developed it own
Slide 4: VEEM Gyro Strategy – Driving Growth
VEEM Gyro Strategy – Driving Growth Gyro sales are expected to continue to grow rapidly given the current strong level of orders, leads and enquiries and the huge potential market. VEEM is well positioned to dominate the identified potential large vessel stabilization market. VEEM’s strategy of buil
Slide 5: Outlook – Propulsion & Defence
Outlook – Propulsion & Defence PROPULSION DEFENCE • Expected to continue to grow due to increased demand • FY2022 will see the tail of the current submarine component globally. Many yards booked out to 2023-4. contract and the initial deliveries of the next full cycle docking • New key superyacht bu
Slide 6: Outlook – Forever Pipe & Engineering On-Demand
Outlook – Forever Pipe & Engineering On-Demand FOREVER PIPE ENGINEERING ON-DEMAND • Forever pipe is expected to continue to increase its • Continuing to bid on, and win, work across the country presence in domestic and overseas markets with an where utilisation of the Company’s foundry and expanded
Slide 7: Offer Details
Offer Details • $6m placement to institutional and sophisticated investors (Placement) • Approx. 5.1 million new ordinary shares to be issued representing 3.9% of VEE’s existing ordinary shares on issue (Placement Shares) Capital Raising • Placement Shares will rank equally with existing VEEM ordina
Slide 8: Corporate Overview – September 2021
Corporate Overview – 8 September 2021 Corporate Snapshot 12-MONTH SHARE PRICE PERFORMANCE 2.5 $1.60 Millions ASX Code VEE $1.40 2.0 Share Price $1.39 $1.20 $1.00 Market Capitalisation $181m 1.5 $0.80 Shares on Issue 130m 1.0 $0.60 $0.40 0.5 Substantial Shareholders $0.20 Miocevich Family 61.54% 0.0
Slide 9: Offer Timetable
Offer Timetable Event Date Trading Halt and Bookbuild Thursday, 9 September 2021 Record Date for Share Purchase Plan Friday, 10 September 2021 Announcement of completion of Placement and Sell Down Monday, 13 September 2021 Settlement of Sell Down Shares Wednesday, 15 September 2021 Settlement of Pla
Slide 10: Summary
Summary VEEM is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defense industries. From a precision engineering background, over decades VEEM has developed it own range of p
Slide 11: Appendices
VEEM LTD INVESTOR PRESENTATION MARCH 2020 APPENDICES PRINCESS YACHTS
Slide 12: FY2021 Financial Highlights
FY2021 Financial Highlights 01 Revenue of $59.5m up 34% on FY2020. 06 Healthy cash balance of $2.2m with unused overdraft of $3.4m and term debt of $7.2m (incl. HP). Sales of VEEM Gyros $7.4m, up 54% on FY2020. Current 02 orders in hand of $1.5m with stronger than ever leads and enquiries supporting
Slide 13: 2021 Full Year Financial Results Summary
2021 Full Year Financial Results Summary FY2021 FY2020 % Change A$mil. A$mil. Revenue 59.5 44.4 34% EBITDA# 10.2 7.5 36% Profit before Tax# 5.9 3.2 81% Net Profit after Tax (NPAT) 4.9 2.5 97% Earnings Per Share (EPS)(cents) 3.78 1.90 97% Cash Flow From Operations 6.3 6.0 6% Net Assets 36.6 32.6 12%
Slide 14: Highlights since Year End
Highlights since Year End Successful sea trials of a VG520/1000SD VEEM Marine Launch of the VEEM Marine brand combining VEEM’s gyrostabilizer on the privately owned MY Umbra, a Damen 60m gyrostabilization and propulsion products for the global market. explorer vessel off Fremantle, Western Australia
Slide 15: VEEM Gyro Potential Market Size $14.6bn - by Segment
VEEM Gyro Potential Market Size $14.6bn - by Segment Commercial Defence Superyachts Potential Market Size: Potential Market Size: Potential Market Size: Order book – US$0.7bn Order book – US$0.1bn Order book – US$0.3bn Fleet – US$9.6bn Fleet – US$1.4bn Fleet – US$2.5bn Refer to VEEM’s ASX Release of
Slide 16: Key Risks
KEY RISKS There are a number of risks that, either individually or in combination, may materially and (b) Loss of Key Customers adversely affect the future operating and financial performance of VEEM and the value of its VEEM operates on a purchase order basis with its customers. The loss of, or sig
Slide 17: Key Risks (Cont.)
KEY RISKS (Cont.) (e) Reliance on key personnel However, the mix of currencies in which VEEM pays its costs and earns its revenues is changing over time. As that mix changes, there may be a greater impact on profitability in Australian dollar The responsibility of overseeing the day-to-day operation
Slide 18: Key Risks (Cont.)
KEY RISKS (Cont.) INDUSTRY SPECIFIC (c) Failing to communicate the benefits of VEEM’s products to the market (a) Insurance risk The success of VEEM’s growth strategy, particularly in the commercial market for gyrostabilisers, is highly dependent upon securing customers and converting trial or pipeli
Slide 19: Key Risks (Cont.)
KEY RISKS (Cont.) GENERAL RISKS Climate change risk Share market conditions may affect the value of VEEM’s quoted securities regardless of VEEM’s The climate change risks particularly attributable to the Company include: operating performance. Share market conditions are affected by many factors suc
Slide 20: Contact
Contact VEEM LTD INVESTOR PRESENTATION Mark Miocevich David Rich Simon Hinsley Managing Director CFO MARCH Investor 2020 Relations & Media +61 8 9455 9355 +61 8 9455 9355 +61 401 809 653 simon@nwrcommunications.com.au @VEEM_Ltd VEEM_Ltd PRINCESS YACHTS