2016 full year results David Singleton, Chief Executive Officer Greg Jason, Chief Financial Officer

29 August 2016

Financial
  • Revenue: $1.34 billion
  • EBIT: $(120.9) million
  • NPAT: $(84.2) million
  • Net cash: $51.7 million
  • Final dividend: 2.0 cents per share fully franked
  • US GZB Debt reduction: US$7.2 million
  • Order book: $3.4 billion, securing work through CY2021
Operational

  • Maturing major programs:

    • Drive LCS program down the learning curve

    • Cape Class Patrol Boats 9 & 10 in production at Henderson for Royal Australian Navy, delivery in FY2017 H2

    • HSSV for Royal Navy of Oman nearing completion following delivery of first vessel in May 2016

    • Two oil & gas support vessels to be delivered in FY2017 H1

    • 6 Armidale Class Patrol Boats now likely to come to Henderson for extensive remediation

    • Mols ferry will commence construction in April 2017 with a 15 month construction phase

    • PPB production commencing in FY2017 H2

Orders Capital

  • Pipeline:

    • Extension of US Navy programs (LCS & EPF)

    • Defence vessels to Middle East

    • Australian OPV contract to be bid with potential down selection in FY2017

    • Commercial ferry market strengthening with 5 ferries so far signed in CY2016 and more being bid

  • Cash: Continued cash generation

  • Debt: Further debt reduction planned

Austal Limited published this content on 29 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 August 2016 22:16:06 UTC.

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