Imdex Ltd · ASX:IMD
Imdex — EUROZ Securities Institutional Conference, Rottnest Island 2016
34 slides from Imdex's conference presentation, Mar 17, 2016
Slide 1: Euroz Rottnest Forum Presentation (ASX cover letter)
216 Balcatta Road, Balcatta Western Australia 6021 PO Box 1262, Osborne Park Western Australia 6916 Tel: +61 (0) 8 9445 4020 Fax: +61 (0) 8 9445 4042 imdex@imdexlimited.com www.imdexlimited.com ABN 78 008 947 813 For personal use only 17 March 2016 Company Announcements Office ASX Limited Exchange C
Slide 2: EUROZ Securities Institutional Conference
For personal use only EUROZ Securities Institutional Conference Rottnest Island – March 2016 1
Slide 3: Our Vision
For personal use only Our Vision 2
Slide 4: Priorities for FY16
For personal use only Priorities for FY16 3
Slide 5: Restructuring for Minerals Growth
Restructuring for Minerals Growth For personal use only AMC Oil & Gas and our share of VES – classified as assets held for sale Heightened focus on improving and growing our minerals business Focusing on real-time and driller operated technologies Marketing Imdex solutions directly to resource compa
Slide 6: 1H16 Key Metrics
1H16 Key Metrics For personal use only AMC Oil & Gas and Imdex’s share in VES are now classified as Assets Held for Sale. • 1H15 result of $22.1m includes profit on sale of remaining investment in SEH, together with provisions in relation to the product containment incident, as announced to the mark
Slide 7: 1H16 Revenue
1H16 Revenue For personal use only Discontinued operations includes AMC Oil & Gas Oil & Gas R&D now forms part of minerals product development – continuing operations 6
Slide 8: 1H16 Normalized EBITDA
1H16 Normalized EBITDA For personal use only Discontinued operations includes AMC Oil & Gas EBITDA comparatives excludes the contribution from VES to allow ease of comparison 7
Slide 9: 1H16 EBITDA Segment Result
1H16 EBITDA Segment Result For personal use only * Oil & Gas R&D now forms part of minerals product development – continuing operations ** At 30 June 2015 VES was reclassified to Assets Held for Sale 8
Slide 10: Balance Sheet
Balance Sheet For personal use only * Bank loans of $54m (fully drawn) less borrowing costs / warrants / foreign exchange revaluation of $13.9m ** Excludes Assets Held for Sale (includes AMC Oil & Gas and 30.65% of VES) 9
Slide 11: Working Capital Management
Working Capital Management For personal use only * Includes the final settlement payment for the product containment incident and the balance of costs associated with the FY15 impairment and provisioning. ** Includes interest and other financing costs. 10
Slide 12: Operational Overview
For personal use only Operational Overview 11
Slide 13: Oil & Gas – Update and Strategy
Oil & Gas – Update and Strategy For personal use only Financial 1H16 revenue of $16.8m (1H15: $30.1m) Update 1H16 EBITDA loss of $2.3m (1H15: a loss of $1.0m*) Divest of oil and gas assets Strategy Proceeds will be applied to debt reduction and working capital AMC Oil & Gas – global M&A firm, Simmon
Slide 14: Minerals – Update and Strategy
Minerals – Update and Strategy For personal use only Financial 1H16 revenue increased 4% to $74.5m (1H15: $71.3m) Update 1H16 EBITDA increased 17% to $14.2m (1H15: $12.1m) Increased rentals and revenues Increase in lower-risk brownfields drilling Operational Update Some Juniors raising cash due to r
Slide 15: Minerals – REFLEX Barometer
Minerals – REFLEX Barometer For personal use only Number of Instruments on Rent – 1H16 Average up 6% on 1H15 Seasonal factors: April / May 2015 change over from winter to summer drilling programme in North America; December – January traditional holiday shutdown Customer Project Phase Commodity Prin
Slide 16: Technology Leadership
For personal use only Technology Leadership 15
Slide 17: Industry Collaboration
Industry Collaboration For personal use only 2 Imdex provides an innovative edge to industry collaboration initiatives, worldwide
Slide 18: Connected Solutions
Connected Solutions For personal use only © REFLEX 2016
Slide 19: Intelligent & Connected
Intelligent & Connected For personal use only REFLEX‐COMMAND/LIGHT Sub‐surface Intelligence © REFLEX 2016 Instrumentation that supplies data
Slide 20: Driller Operated Technologies
Driller Operated Technologies For personal use only REFLEX EZ-GYRO REFLEX EZ-GAMMA North Seeking Driller operable Easiest to use North Seeking gyro Less rig down time in market Real-time access to the Driller friendly gamma log at the drill rig Time and cost savings Immediate data approval RC and di
Slide 21: Workflows REFLEX EZ-GAMMA
Workflows REFLEX EZ-GAMMA For personal use only Your project information is visible anywhere, any time Geologist can view gamma logging data from the office, within minutes of completion of the gamma log, and make immediate decisions. Data uploaded to the secure, cloud based REFLEXHUB‐IQ No service
Slide 22: Structural Data – Complete Solution
Structural Data – Complete Solution For personal use only Audit Trail Core Orientation Validation using in‐field app Raw Structural Data Rapid, Accurate Structural Logging Validated © REFLEX 2016 Structural Data
Slide 23: AWD - Real-time 3D Geology
AWD - Real-time 3D Geology For personal use only
Slide 24: Continuing Evolution of REFLEX
Continuing Evolution of REFLEX For personal use only More than just the people you call for a drill hole survey or core orientation instruments © REFLEX 2016
Slide 25: REFLEX – Diversified customers (sample)
REFLEX– Diversified customers (sample) For personal use only Update 24
Slide 26: AMC Circulation Control System (CCS)
AMC Circulation Control System (CCS) For personal use only Minimises lost circulation, fluid use and environmental impact Lost circulation diminishes hole stability and core recovery, while increasing chemical use, water cartage, rotation torque and the overall cost of drill holes AMCs CCS – a seaml
Slide 27: Solids Removal Unit
Solids Removal Unit For personal use only BEFORE AFTER © REFLEX 2015
Slide 28: Summary
Summary For personal use only 1H16 minerals revenue increased by 4% and EBITDA increased by 17% Progressing divestment of oil and gas assets Proceeds will be applied to debt reduction and working capital Key Areas of Heightened focus on improving and growing the minerals business Focus Focusing on r
Slide 29: Appendices
For personal use only APPENDIX Appendices 28
Slide 30: Company Snapshot
Company Snapshot For personal use only Corporate Information Share Register – Dec 2015 Analysis of top 75% of shareholders as at 31 December 2015 ASX Listed IMD Share Price (31 Dec 2015) A$ 0.20 Institutional Investors Issued Shares m 248.6 Market Cap (31 Dec 2015) A$m 49.7 Directors, Employees & Ca
Slide 31: Our Growth Strategy
Our Growth Strategy For personal use only 30
Slide 32: Established Global Business
Established Global Business For personal use only
Slide 33: Minerals Revenue – Regions
Minerals Revenue – Regions For personal use only Gaining market share in the Americas 32
Slide 34: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Imdex Limited (“the Company”). It contains general background information about the Company’s activities current as at the date of the presentation. It is information given in summary form and does not purport to be complete. Th
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