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
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
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.
Original documenthttp://phx.corporate-ir.net/external.file?t=2&item=o8hHt16027g9XhJTr8+weNRYaV9bFc2rMd0Q/AXw4zuqBkUm18lhS2pRRhqzppqCos96RPm493u5spjEj/ywNViAcZ9tVtrOJVjErvHyr4AvO5q6A4gWE0Oa/FAYRAz81B/GOXAccFXw+QkTC8SikQ==&cb=636080191312632529
Public permalinkhttp://www.publicnow.com/view/C74D891A857994F86AC0A607F2AEB9140688B428