Austal (ASB) Company Presentation summary

Company background and operations

• Founded in 1988 in Perth, Austal has expanded to five shipyards across four countries, delivering over 380 ships globally.

• Major facilities in Australia, USA, Philippines, and Vietnam support both defence and commercial shipbuilding.

• Employs 4,324 people, with 51 ships under construction or scheduled as of H1 FY2025.

• Business segments include Defence, Commercial, and Support, with revenue primarily from milestone and sustainment payments.

• Global footprint enables modular production and cost leadership, especially in Asia.

Order book and key contracts

• Record order book of $14.2 billion as of December 2024, driven by US naval programs and Australian defence contracts.

• Major contracts include Offshore Patrol Cutter (OPC) and T-AGOS for US Navy and Coast Guard, and landing craft and frigates for Australia.

• Commercial highlight: awarded design and build of a 130m hydrogen-ready high-speed ferry.

• Order book exceeds total revenue for the last seven years, with $20 billion of potential work over the next 20 years.

Market outlook and growth drivers

• Global naval market expected to grow from €78B in 2024 to over €100B by 2033, led by Asia-Pacific.

• Defence spending is rising, with NATO and other governments prioritizing naval capability.

• Austal is positioned to meet demand for offshore patrol vessels, frigates, and amphibious ships.

• New technologies like modular design and digital asset monitoring are key to future growth.