Advanced Braking Technology Limited · ASX:ABV
Advanced Braking Technology — Shareholder Meeting (November 2018)
24 slides from Advanced Braking Technology's shareholder meeting presentation, Nov 29, 2018
Slide 1: CEO Presentation – AGM November 2018
ADVANCED BRAKING For personal use only TECHNOLOGY CEO PRESENTATION AGM NOVEMBER 2018 1
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation is prepared by Advanced Braking Technology Limited (ABN 66 099 107 623) (ABT, the Company or the Issuer) to provide summary information about ABT. ABT is an Australian public company listed on the Australian Securities Exchange (ASX). Statements in
Slide 3: Content
. CONTENT ➔ Product Strategy For personal use only ➔ Financial Outlook ➔ Our Journey – The Next 18 Months ➔ Our Transformation and Vision ➔ Rear View Mirror & Lessons Learned ➔ Strategic Pillars and Key Initiatives November 2018 All Rights Reserved © www.advancedbraking.com | www.terradurabrakes.com
Slide 4: Content
. CONTENT ➔ Product Strategy For personal use only ➔ Financial Outlook ➔ Our Journey – The Next 18 Months ➔ Our Transformation and Vision ➔ Rear View Mirror & Lessons Learned ➔ Strategic Pillars and Key Initiatives November 2018 All Rights Reserved © www.advancedbraking.com | www.terradurabrakes.com
Slide 5: Product Strategy: Failsafe
• Core business: Proven Failsafe brakes PRODUCT continue to enjoy strong market reception. For personal use only STRATEGY • Long-term patent coverage in key global FAILSAFE markets. • Both domestic and global inquiries about additional applications. • A new driveline product is in early stage develo
Slide 6: Product Strategy: Terra Dura
• Several domestic and global Terra Dura© trials successfully concluded. PRODUCT For personal use only • In trials under extreme mining conditions, however, STRATEGY difficulties with the polymer housing design were TERRA DURA© experienced. • Currently available technology not able to produce parts
Slide 7: Content
. CONTENT ➔ Product Strategy For personal use only ➔ Financial Outlook ➔ Our Journey – The Next 18 Months ➔ Our Transformation and Vision ➔ Rear View Mirror & Lessons Learned ➔ Strategic Pillars and Key Initiatives November 2018 All Rights Reserved © www.advancedbraking.com | www.terradurabrakes.com
Slide 8: Financials: Start of FY19
. FINANCIALS Solid start to FY19. For personal use only ➔ START FY19 ➔ October sales of just over $800k the 2nd largest monthly revenue in CY19. ➔ October year-to-date Total Revenue up 9% over PY. ➔ Continued strong demand for trusted and proven Failsafe brakes. ➔ Broad range of mining customers. Ne
Slide 9: Financials: Outlook and Measures
FINANCIALS OUTLOOK AND MEASURES For personal use only . ➔ Overhead cost reductions for the balance of FY19. ➔ Consolidation of application projects portfolio is likely to result in savings. ➔ Near-term focus on the proven Failsafe range. ➔ Measures to further expand Failsafe customer base aimed at d
Slide 10: Content
10 . CONTENT ➔ Product Strategy For personal use only ➔ Financial Outlook ➔ Our Journey – The Next 18 Months ➔ Our Transformation and Vision ➔ Rear View Mirror & Lessons Learned ➔ Strategic Pillars and Key Initiatives November 2018 All Rights Reserved © www.advancedbraking.com | www.terradurabrakes.
Slide 11: Our Journey: The Next 18 Months
Where do Our Transformation OUR JOURNEY we want to and Vison For personal use only be? THE NEXT 18 MONTHS Where are we? Lessons Learned What are the key Strategic Pillars enablers? What do we need to do to Key Initiatives get there? 11 November 2018 All Rights Reserved © www.advancedbraking.com | ww
Slide 12: Content
. CONTENT ➔ Product Strategy For personal use only ➔ Financial Outlook ➔ Our Journey – The Next 18 Months ➔ Our Transformation and Vision ➔ Rear View Mirror & Lessons Learned ➔ Strategic Pillars and Key Initiatives November 2018 All Rights Reserved © www.advancedbraking.com | www.terradurabrakes.com
Slide 13: Our Transformation and Vision
OUR TRANSFORMATION AND VISION IP-BACKED PRODUCTS FOR GLOBAL APPLICATIONS For personal use only From … To … A single product line Multiple product lines Niche market (underground mining) Mass market (harsh environments) An order taker Innovative solution provider A domestic focus A global leader High
Slide 14: Content
14 . CONTENT ➔ Product Strategy For personal use only ➔ Financial Outlook ➔ Our Journey – The Next 18 Months ➔ Our Transformation and Vision ➔ Rear View Mirror & Lessons Learned ➔ Strategic Pillars and Key Initiatives November 2018 All Rights Reserved © www.advancedbraking.com | www.terradurabrakes.
Slide 15: Rear View Mirror: Progress and Achievements
REAR VIEW MIRROR PROGESS AND ACHIEVEMENTS For personal use only SUPPLY CHAIN SALES & MARKETING Release of overseas low-cost source for Sales and marketing structures strengthened. casting parts and machining operations. New processes and tools deployed (CRM, Supply chain function established. strate
Slide 16: Rear View Mirror: Lessons Learned
REAR VIEW MIRROR LESSONS LEARNED For personal use only Delayed Product Failed Lack of Clear General Launches Applications Strategy Observation Examples Garbage Truck, Trailer, Shifts in product, Terra Dura© Retail sector, geography Strategy requires Our Lessons Deficiencies in Limited recognition of
Slide 17: Content
17 . CONTENT ➔ Product Strategy For personal use only ➔ Financial Outlook ➔ Our Journey – The Next 18 Months ➔ Our Transformation and Vision ➔ Rear View Mirror & Lessons Learned ➔ Strategic Pillars and Key Initiatives November 2018 All Rights Reserved © www.advancedbraking.com | www.terradurabrakes.
Slide 18: Strategic Pillars: Our Path to Profitability
STRATEGIC PILLARS OUR PATH TO PROFITABILITY For personal use only Profitability Create Build Drive Sustainable Organisational Innovation Growth Capability Purpose Vision Values 18 November 2018 All Rights Reserved © www.advancedbraking.com | www.terradurabrakes.com
Slide 19: Key Initiatives: Create Sustainable Growth
KEY INITIATIVES CREATE SUSTAINABLE GROWTH For personal use only Create options for genuinely new business Related Diversification: M&A Develop new Terra Dura Re-design JV opportunities On-road Driveline Licensing ‘Bolt-on’ products Extend the core Failsafe Adjacent markets Brakes • Immediate • Targe
Slide 20: Strategic Pillar: Create Sustainable Growth
STRATEGIC PILLAR CREATE SUSTAINABLE GROWTH For personal use only New markets and extended product lines increase ABT’s addressable market* $20m $200m+ Australia Failsafe Brakes Mining Australia, Europe, Canada, Chile Failsafe, Terra Dura©, On-road driveline brake Mining, adjacent markets, transport
Slide 21: Key Initiatives: Drive Innovation
KEY INITIATIVES DRIVE INNOVATION For personal use only Electrification of vehicles Safety and OH&S • Precise project scope definition* Initiative • Stringent project management** Effective and Efficient Engineering • Regular failure mode reviews* Product • Decoupling of R&D and application work** Le
Slide 22: Key Initiatives: Build Organisational Capability
KEY INITIATIVES BUILD ORGANISATIONAL CAPABILITY For personal use only • Structured approach to strategy management via Strategy Map* Build • Strategy performance management via Strategy Balanced Scorecard* Framework • Board leading an ongoing interactive process* • Engage Supply Chain • New engineer
Slide 23: Summary
ADVANCED BRAKING TECHNOLOGY SUMMARY For personal use only LONG-TERM STRATEGY AND PURPOSE FORMULATED KEY INITIATIVES STRONG IP FOR FUTURE SUCCESS DEPLOYED FOCUSED MID-TERM UNDIMINISHED GROWTH STRATEGY GROWTH PROSPECTS AND GO-TO-MARKET 23 November 2018 All Rights Reserved © www.advancedbraking.com | w
Slide 24: Thank You – Questions & Answers
For personal use only THANK YOU QUESTIONS & ANSWERS 24
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