Company News Summary | 10 May 2019

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Austal Releases Investor Presentation Dated May 2019

17:43:00 | Associate analysts

Original annuncemenet:NZ Investor Presentation 14&15 May 2019

Austal released presentation advising on the performance of the Company. The Company reported that the revenue is in the range $1.8bn to $1.9bn and 2 EPF vessels worth A$369m awarded since the half year. The Company has won all three competitions for LCS over the last 3 US Government financial years demonstrating the strong cost competitiveness that it has. The Company has received schedule protection funding from Trinidad and Tobago for 2 Cape vessels for delivery in mid 2020. Contract is not finalised and therefore provides no certainty that these vessels will be completed. The Company is working on the digitisation of control systems to improve fuel efficiency, ride and reliability amongst other things and are fitting these systems to ships right now.

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