Ann: H1 FY22 Half Year Results - Investor Presentation, page-2

Overall the forward looking situation remains positive. Mega line on time and budget, OEMs progressing through engineering and continuing new contacts. Worse numbers compared with 21 due to removal of jobkeeper. COVID restrictions winding down across the world including staffing impact improving.

The discussed and now resolved issues with TB coating and resin are annoying it seems to reinforce the challenges and benefits of being first to take carbon wheels to high volume. The team can solve the issues and the issues will be there for any competitor to face (as well as a patent bank). Still anouther 6-12 months from a major SP re rate I think.