Advanced Braking Technology Limited · ASX:ABV
Advanced Braking Technology — Microcap Conference (November 2012)
31 slides from Advanced Braking Technology's conference presentation, Nov 19, 2012
Slide 1: Advanced Braking Technology Investor Presentation November 2012
For personal use only Advanced Braking Technology Limited Investor Presentation November 2012 Advanced Braking Technology | Microcap Conference Presentation
Slide 2: 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 3: 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 4: 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 5: 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 6: 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 7: Blue Chip Customers
Blue Chip Customers For personal use only Advanced Braking Technology | Microcap Conference Presentation 7
Slide 8: 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 8
Slide 9: 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 10: 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 11: 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 12: 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 › Superior Operating Performance: • Brakes are virtually wear and maintenance-free,
Slide 13: SIBS brake fitted to an Iveco Acco axle
SIBS brake fitted to an Iveco Acco axle For personal use only SIBS Truck Brake Standard Brake Advanced Braking Technology | Microcap Conference Presentation 13
Slide 14: Customer benefits – financial
Customer benefits – financial For personal use only › Dramatically reduced brake wear - Brake pad/drum replacement interval typically extended from 6 months to more than 2 years. › Reduced tyre wear - Currently demonstrating 50% extra tyre life › Improved vehicle availability › Potential to reduce o
Slide 15: Fleet testing at the City of Swan
Fleet testing at the City of Swan For personal use only › Trucks operating in normal collection service: › Swan 1 at 850 hours + 220 hours (24/7 test track) › Swan 2 at 650 hours › SIBS oil changed at 500 hours › No major maintenance or repairs required › Average brake pad wear on Swan 2 is 0.04mm a
Slide 16: 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 17: Company Competitive Advantages
Company 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 mi
Slide 18: Garbage Truck Brake Roll-Out
Garbage Truck Brake Roll - Out For personal use only 12/13 13/14 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Frozen Design First 10 sets under construction First Truck Built Subsequent/Sales Truck Builds Monitoring of First Sales in the Field Engangement with Waste Industry Ramp up
Slide 19: 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 20: 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 21: 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 22: Mining Sales Drivers
Mining Sales Drivers For personal use only Advanced Braking Technology | Microcap Conference Presentation 22
Slide 23: 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 24: 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 25: Strong Board and Management Team
Strong Board and Management Team For personal use only Mr David Humann Mr Ken Johnsen Chairman Executive Director and CEO › Chartered Accountant, Certified › Over 31 years experience in the development Practicing Accountant , FAICD and licensing of advanced technology for the › Former MD of Price Wa
Slide 26: Major Shareholders
Major Shareholders For personal use only Number of Shares % of Issued Shares 1 Windpac Pty Ltd 73,399,750 6.64 2 Dasi Investments Pty Ltd 46,794,746 4.23 3 Mr Richard Palmer & Mrs Tracey-Ann Palmer <<Palmer Family Retire A/C> 32,500,000 2.94 4 M/S Tracey-Ann Palmer 25,144,893 2.27 5 M/S Richard Andr
Slide 27: 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 28: FY12 Profit and Loss
FY12 Profit and Loss For personal use only 2012 2011 $'000 $'000 Revenues from trading activities 6,299 6,631 Revenues 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 Amortisation of IP (199) (199) Bad and doubtfu
Slide 29: Balance Sheet
Balance Sheet For personal use only 2012 2011 $'000 $'000 Current Assets Cash and Cash equivalents 2,925 2,737 Trade and other Receivables 797 1,194 Inventories 2,225 1,773 Other current assets 839 56 Total current assets 6,786 5,760 Non Current Assets Trade and other Receivables 31 30 Property, pla
Slide 30: Current Outlook and Priorities
Current Outlook and Priorities For personal use only › Main focus for FY13 is the commercial roll out of the SIBS® 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 Co
Slide 31: For personal use only
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
Advanced Braking Technology — Microcap Conference (November 2012) on 6ix