Investor Presentation
FY20 Full Year Financial Results
28August 2020
Cautionary statement
This presentation includes statements looking-forward that involve risks and uncertainties. These statements are based upon management's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, that could cause actual results to differ materially from such statements. Actual results and events may differ significantly from those projected in the forward-looking statements as a result of a number of factors including, but not limited to, those detailed from time to time in the Company's Annual Reports. Orbital UAV makes no undertaking to subsequently update or revise the forward-looking statements made in this presentation to reflect events or circumstances after the date of this release.
© 2020 Orbital Australia Pty Ltd | Front cover image shows Insitu Inc's ScanEagle3 | 2 |
Presentation summary
FY20 revenue $33.8M (FY20 revenue guidance $25M to $35M)
Primary engine supplier to Insitu Inc. (a Boeing Company)
Two of five engine models in production for Insitu, third engine model in development
New engine development contracts with Northrop Grumman and one of Singapore's largest defence companies
Maturing negotiations with additional Tier 1 defence companies
Targeted FY21 revenue guidance of $40M - $50M
© 2020 Orbital Australia Pty Ltd | 3 |
Statement on COVID-19
Like many businesses inAustralia, the USA andaround the world,Orbital UAV isclosely monitoring business risks presented bythe Coronavirus (COVID-19). The physical wellbeingandmental health ofallouremployees isapriority.
At our facilities in Perth, Western Australia and Hood River, Oregon we have implemented measures to minimise the risk of contracting and spreading the virus and are providing additional support where necessary.
Customers
As an advanced aerospace manufacturer supplying global defence prime contractors, our product demand remains unaffected by the COVID-19 outbreak and our development projects continue to progress as planned.
Suppliers
We continue to work closely with our global supply chain and logistics partners to ensure we are able to deliver on our production requirements. Contingency plans remain in place should our current channels of supply and delivery be impacted.
Measures include:
- Regular employee updates and the roll out of our Impact Implementation Plan;
- Adopting a working from home policy where possible;
- Implementing social distancing measures within all facilities;
- Providing additional resources such as hand sanitiser and cleaning equipment; and
- Communication of health and hygiene guidelines from relevant government agencies.
All measures are being taken to ensure government health guidelines in Australia and the USA are followed.
Production
Our sites in Australia and the USA remain fully operational and continue to manufacture as normal.
Perth - Western Australia entered Phase 4 of its COVID-19 recovery roadmap on 27 June 2020. All Perth-based employees have now returned to the facility while maintaining the necessary social distancing requirements.
Hood River - Hood River county in Oregon is currently in Phase 2 of the COVID-19 reopening plan and on the 'Watch List', as mandated by the State Government. Those Hood River-based employees not directly involved in the manufacture of product continue to work from home wherever possible. Those on site continue to adhere to the necessary health and safety measures and practice social distancing.
Orbital UAV will continue to support the public health effort to minimise the spread of COVID-19 and will provide further external updates where necessary.
© 2020 Orbital Australia Pty Ltd | 4 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Orbital Corporation Limited published this content on 28 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2020 22:17:09 UTC