Advanced Braking Technology Limited · ASX:ABV
Advanced Braking Technology — Shareholder Meeting (October 2012)
38 slides from Advanced Braking Technology's shareholder meeting presentation, Oct 23, 2012
Slide 1: Presentations to be delivered at the 2012 AGM
For personal use only 23rd October 2012 AUSTRALIAN STOCK EXCHANGE LIMITED Electronic Lodgement PRESENTATIONS TO BE DELIVERED AT THE 2012 AGM Appended are copies of the Chairman’s Address and the CEO’s and CFO’s presentations to be delivered to Shareholders at the Company’s 2012 Annual General Meetin
Slide 2: Chairman address to the 2012 Annual General Meeting
For personal use only 23 October 2012 Chairman address to the 2012 Annual General Meeting Good morning My name is David Humann and I am the Chairman of this meeting and of your board of Directors. I am advised that a quorum is present and therefore take pleasure in declaring this meeting open. I sho
Slide 3: Chairman address: business and results
BUSINESS: I will now present my address and then we’ll move through the statutory business of the meeting following which Ken Johnsen will provide you with an update in relation to the current activities of the Company. Clare Madelin will then present the financial results. I should like to begin by
Slide 4: Chairman address: safety and testing
are safe. These high level safety standards of course apply equally to our SIBS braking systems which are mainly supplied to the mining industry. Our thorough design and dynamometer and road testing under a wide range of conditions have proven our Garbage Truck brakes are safe under test and on road
Slide 5: A final word on our people
A final word on our people: In particular I acknowledge our CEO, Ken Johnsen , who must traverse and oversee a very wide spectrum of functions involving all aspects of the operations of the Company. These duties include; investor relations, marketing and customer contact, compliance of the company w
Slide 6: Annual General Meeting Presentation 23rd October 2012
For personal use only Advanced Braking Technology Limited Annual General Meeting Presentation 23rd October 2012 Advanced Braking Technology | Microcap Conference Presentation
Slide 7: Agenda
Agenda For personal use only 1. Chairman’s Address 2. Formal Business 3. CEO’s Report 4. CFO’s Report 5. Questions and Answers Advanced Braking Technology | Microcap Conference Presentation
Slide 8: Chairman's Address
Chairman’s Address For personal use only Mr David Humann Chairman Advanced Braking Technology | Microcap Conference Presentation
Slide 9: Formal Business
For personal use only Formal Business Advanced Braking Technology | Microcap Conference Presentation
Slide 10: Proxies
Proxies For personal use only Accounts and Reports – receive and consider the financial report and the reports of the Directors and of the Auditor for the financial year ended 30 June 2012 PROXIES RECEIVED Resolution For Discretionary Abstain Against Total Adoption of 1 Remuneration 189,430,928 97,5
Slide 11: CEO's Report
CEO’s Report For personal use only Mr Ken Johnsen Chief Executive Officer Advanced Braking Technology | Microcap Conference Presentation 6
Slide 12: FY2012 Operational Highlights
FY2012 Operational Highlights For personal use only Key milestones delivered in 2012 Mining Mining → Transition to the improved SIBS® II version of Expand SIBS II features to all the light commercial vehicle brake across mining products various Landcruiser models Expand product range → Developme
Slide 13: Company Overview
Company Overview For personal use only › ABT is a developer, manufacturer and ABT is a Listed Company worldwide distributor of its on the ASX award-winning, patented Sealed Share Price $0.019 Integrated Braking System (SIBS®) Shares on Issue 1.1 billion › SIBS® is a fail-safe, enclosed “wet” braking
Slide 14: Vision and Strategy
Vision and Strategy For personal use only Vision: To be the industry leader in developing, manufacturing and distributing safe and efficient braking technology across multiple applications and sectors Strategy: › Pursue robust growth through: • Leveraging strong mining market positioning to provide
Slide 15: Investment Proposition
Investment Proposition For personal use only › Unique, proven and patent protected technology › Global market potential across multiple applications and sectors › Significant competitive advantages over alternative products › Compelling customer offering – “triple bottom line” benefits › Robust comm
Slide 16: Our Technology
Our Technology For personal use only Sealed Integrated Braking System (SIBS®) › Fully enclosed, single rotor, high speed wet brake › Incorporates fail-safe features › Designed for retro-fit or factory fit › Comprehensively patented Australian invention › Virtually wear and maintenance-free (unlike c
Slide 17: How Our Technology Works?
How Our Technology Works? For personal use only › Wet brake technology enables a cooler operating temperature, essential to longer lasting and safer braking systems › System encloses key components – the single rotor, brake callipers and brake pads – within a casing containing the SIBS® cooling flui
Slide 18: Blue Chip Customers
Blue Chip Customers For personal use only Advanced Braking Technology | Microcap Conference Presentation 13
Slide 19: Global Market Potential
Global Market Potential For personal use only “Breaking into a Mainstream Market by leveraging off the mine tough heritage” Advanced Braking Technology | Microcap Conference Presentation 14
Slide 20: Prime Target Market – Waste Sector
Prime Target Market – Waste Sector For personal use only Multiple customer “calls to action”: › Brakes are the second biggest expenditure after fuel for garbage truck fleet operators › Public desire for noise reduction › Global drive to reduce pollution Australian market: › Dynamic, recession-proof
Slide 21: Garbage Truck Brake
Garbage Truck Brake For personal use only › Multi year development program now complete › Commercial roll out set for CY2013 › Technical risk is very low: • ABT has significant experience and expertise with the associated technology • Long history of successful application • Extensive and successful
Slide 22: Garbage Truck Revenue Potential
Garbage Truck Revenue Potential For personal use only 200,000 Number of Garbage Trucks 180,000 160,000 140,000 120,000 100,000 New Refuse Trucks 80,000 Installed Fleet 60,000 40,000 20,000 - Australia Europe North Amercia Australia North America Annual sales 800 trucks Annual sales 20,000 trucks Ins
Slide 23: Compelling Customer Offering
Compelling Customer Offering For personal use only “Triple bottom line” benefits › Financial Savings: • Dramatically reduces frequency of brake overhauls from more than twice a year, to once every two years or longer • Reduces annual operating costs by up to $15,000 per truck • Customer payback on i
Slide 24: Customer's Endorsement
Customer’s Endorsement For personal use only The City of Swan is evaluating 2 trucks fitted with SIBS Its Mayor Mr Charlie Zannino stated in a press release last week: Extract – The trial has been so successful, the City is investigating the possibility of extending the use of the SIBS across other
Slide 25: Competitive Advantages
Competitive Advantages For personal use only › Significant product development investment – time and capital › Comprehensively patented technology for 10 years › No existing competition › Braking technology extensively proven in commercial application › ABT known as a reliable supplier in mining sec
Slide 26: Further Applications
Further Applications For personal use only › Penetration into the garbage truck market provides an entry point into other “frequently stopping vehicles” › Buses – similar drivetrain to waste vehicles and can be easily adapted › Logging and similar heavy haulage trucks – with high brake demands › Mil
Slide 27: Established Presence in Mining Sector
Established Presence in Mining Sector For personal use only Australia: › Growing market share – currently 25% › Product improvement driving growth › SIBS® technology now standard in many vehicles, across many mining sites › Olympic Dam, Xstrata Zinc – George Fisher, BHP – Nickel West › SIBS® II curr
Slide 28: Significant Growth in Mining Sales
Significant Growth in Mining Sales For personal use only › Proven success in the mining industry › $1.33 million profit contribution in FY12 › Over 400% growth in brake sales over the past 6 years 7.0 6.0 5.0 $'s Million 4.0 Sales - Engineering and Fitting Sales - Spares 3.0 Sales - Brakes 2.0 1.0 0
Slide 29: Mining – Growth Drivers/Opportunities
Mining – Growth Drivers/Opportunities For personal use only Growth set to continue › Ongoing industrialisation of emerging economies led by China and India › Strong growth in new mine development › Expansion into surface mines with safety and productivity focus Increased Focus on Safety Regulations
Slide 30: Robust Commercial Model
Robust Commercial Model For personal use only Attractive business: › High margins similar to mining products › Highly scalable cost base with efficient fulfilment model Business model supports high long term RoI: › Benefits of offshore outsourced manufacturing › Low cost fulfilment model › Low capit
Slide 31: Current Outlook and Priorities
Current Outlook and Priorities For personal use only › Main focus for FY13 is the commercial roll out of the Garbage Truck Brake — All indicators suggest that there will be a strong demand — A progressive and controlled launch is planned › Mining sales will continue to play an important role in the
Slide 32: CFO Report
CFO Report For personal use only Chief Financial Officer Clare Madelin Advanced Braking Technology | Microcap Conference Presentation 27
Slide 33: FY2012 Financial Highlights
FY2012 Financial Highlights For personal use only • Total revenue +10% to $8 million • Mining sales generated $1.33 million profit – with sales up by 3% to $6.3 million (sales for first three quarters up by 17%) • Export sales +11%, represents c22% of total sales • Overall net loss of $123k is attri
Slide 34: Company Financial Performance
Company Financial Performance For personal use only Revenue Profit After Tax $ millions $ millions 9.0 1.0 8.0 0.5 7.0 0.0 6.0 5.0 -0.5 4.0 -1.0 3.0 -1.5 2.0 -2.0 1.0 0.0 -2.5 05/06 06/07 07/08 08/09 09/10 10/11 11/12 05/06 06/07 07/08 08/09 09/10 10/11 11/12 Advanced Braking Technology | Microcap C
Slide 35: FY12 Profit and Loss
FY12 Profit and Loss For personal use only Profit and Loss 2012 2011 $’000 $’000 Revenue Revenue from trading activities 6,299 6,631 Revenue from other activities 1,669 607 Total Revenue 7,968 7,238 Cost of sales (2,461) (2,179) Adjustment to prior period cost of sales - 141 Other expenses (6,882) (
Slide 36: Balance Sheet
Balance Sheet For personal use only Balance Sheet 2012 2011 Cash and Cash equivalents 2,925 2,737 Trade and other Receivables 797 1,194 Other current assets 3,064 1,829 Total current assets 6,786 5,760 Trade and other Receivables 31 30 Property, plant and equipment 1,162 734 Intangibles 3,625 2,572
Slide 37: Q&A
Q&A For personal use only Questions? Advanced Braking Technology | Microcap Conference Presentation
Slide 38: Contact details
For personal use only www.advancedbraking.com [email protected] Phone: +61 8 9273 4800 | Fax: +61 8 9201 9986 Advanced Braking Technology | Microcap Conference Presentation
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