Ann: PWR Reports Strong Revenue and Profit Growth, page-7

Here’s some points I noted from the conference call…

- Government decision on a large Australian Defence program made in the next 2 weeks
- Looking at 20% growth in Motorsports for 2HFY
- Chasing organic growth over acquisitions
- Looking at manufacturing automation (Impact next FY)
- Make up shortfall of production over the next 4 months (due to Covid)
- February production back to normal
- Picking & choosing contracts in the OE sector
- Advanced stages in a couple of prototypes for OE. If programs are won it will be a very good kicker for the business
- Working on programs for EV for production in 2026 (Individual numbers on these programs are very high)
- ET (Emerging Technologies) revenue equal to motorsports in the next few years
- ET revenue $15-$16M FY22
- ET revenue $25-$30M FY23 (Approx)
- Opportunities are endless at the moment in ET