Investor Presentaiton
FY14 Financial Results - Segment Review
Group Result:
The inconsistent business conditions flagged in February 2014 continued through to June 2014
Australian mines are still producing at record levels, which is expected to lead to increased orders,
as current constrained spending on equipment normalises to higher levels of spending
The next stages in the capital allocation cycle for miners are likely to be based on productivity
gains, which positions Austin very well due to our products being custom made and specifically
designed to provide productivity improvements
Overseas operations reported similar cost-cutting behavior from their customers which contributed
to the lower than expected results in the second half of FY14
Some indications that we are past the bottom of the cycle as we are seeing an increased volume
of enquiries as well as higher dollar value enquiries coming through
There were tax changes in Chile, which allow a deduction for goodwill in certain circumstances,
taken up for the first time in FY14
austinengineering LTD
www.austineng.com.auView entire presentation