Veem Ltd. · ASX:VEE
Veem — Euroz Hartleys Industrials Forum 2024
13 slides from Veem's conference presentation, Nov 21, 2024
Slide 1: Euroz Hartleys Industrials Forum - Veem Ltd
For personal use only EUROZ HARTLEYS INDUSTRIALS FORUM 21 NOVEMBER 2024 VEEM LTD INVESTOR PRESENTATION MARCH 2020 This presentation has been approved for release to ASX by Managing Director, Mark Miocevich. PRINCESS YACHTS
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT This document, including the information contained in this disclaimer, is not a prospectus, product disclosure statement or other disclosure document and does not constitute, or form any part of, an offer to sell, or a solicitati
Slide 3: Who is VEEM?
Who is VEEM? • Designer and manufacturer of the world’s best marine propellers and stabilisation products for the global luxury motor yacht, fast ferry, For personal use only commercial workboat and defence industries. • Commenced in 1968. Listed on ASX 2016. Profits and dividends every year since l
Slide 4: Propulsion
Propulsion For personal use only • VEEM currently manufactures and sells the world’s best propellers through distributors and directly to OEMs around the globe. • VEEM is the only manufacturer to fully CNC machine all propellers in high volumes generating annual revenues of ~$30m. • VEEM continues t
Slide 5: Propulsion – SHARROW by VEEM
Propulsion – SHARROW by VEEM For personal use only • October 2023 VEEM signed agreements for VEEM and Sharrow to partner together to design and then VEEM exclusively manufacture and sell Sharrow propellers worldwide up to 5 metres in diameter for inboard vessels. • The award-winning Sharrow propelle
Slide 6: Propulsion – Outlook
Propulsion – Outlook For personal use only • Overall global demand for inboard powered marine vessels is expected to remain steady. • The outlook for VEEM’s propulsion business involves three growth areas: 1. VEEM’s traditional propeller business – growth in revenue from increased sales team and pro
Slide 7: Gyrostabilisers
Gyrostabilisers • VEEM holds the dominant position as the only major supplier in the large For personal use only marine gyrostabiliser market with significant barriers to entry. • Very large global market for commercial and recreational new builds and commercial retrofits. • Enquiries and orders sho
Slide 8: Defence
Defence • VEEM has ben a supplier of defence components for over 30 For personal use only years. FY24 Defence revenue was $21 million. • VEEM is developing demonstrator blades for BAE Systems Australia's Hunter Class Frigate Program under a $1.7m contract. Successful completion will confirm VEEM as
Slide 9: Engineering Products and Services FY24 & Outlook
Engineering Products and Services FY24 & Outlook For personal use only • VEEM’s traditional engineering business focuses on foundry- led, precision-engineered products, including custom designs and its own hollow bar products (e.g., Forever Pipe). • Over 250 alloys available. • Highly accredited ISO
Slide 10: Corporate
Corporate • VEEM has accepted the landlord’s offer to expand the facility at For personal use only Baile Rd by ~1,000m2. This allows room for expansion of propeller and other manufacturing (eg defence) capacity as required. • Management succession implemented with Trevor Raman being promoted from Ch
Slide 11: Summary
Summary • Global leader in marine propulsion and stabilisation. For personal use only • Strong record of profitability and cash flow generation. FY24 was an exceptional result (up 70%) with FY25 expected to generate a strong result, albeit potentially not as high as FY24 yet significantly stronger t
Slide 12: Q&A
For personal use only Q&A
Slide 13: Contacts
ASX : VEE For personal use only Contacts Mark Miocevich David Rich Jonas Fitzgerald Managing Director Company Secretary IR Consultant, Lancaster Grove Capital +61 8 9455 9355 +61 8 9455 9355 +61 427 104 488 Jonas.fitzgerald@lgcapital.com.au @VEEM_Ltd VEEM_Ltd