Als Ltd. · ASX:ALQ
Als — Investor Day (July 2025)
79 slides from Als's investor day presentation, Jul 31, 2025
Slide 1: ASX release: 2025 Investor Days: Towards the lab of the future
asx release 31 July 2025 2025 Investor Days: Towards the lab of the future ALS Limited (ASX: ALQ) is holding its 2025 Investor Days event on Thursday 31 July and Friday 1 August. As part of the event, management will give a series of presentations which will be available to watch live and online. A
Slide 2: ALS Limited Investor Days • Management presentations
Title For personal use only ALS Limited Investor Days • Management presentations 31 JULY 2025 • PERTH, AUSTRALIA
Slide 3: Important notice and disclaimer
Important notice and disclaimer • This presentation has been prepared by ALS Limited, (ALS or the Company). It contains general information about the Company’s activities as at the date of the presentation. It is information given in summary form and does not purport to be complete. The distribution
Slide 4: Welcome
WELCOME For personal use only Michael Williams GROUP TREASURER, INVESTOR RELATIONS AND BUSINESS INTEGRATION DIRECTOR
Slide 5: Driving growth and innovation for over years
Driving growth and innovation for over 160 years Then Now For personal use only 4
Slide 6: Safety is at our core
SAFETY For personal use only is at our core Our values SAFE COMMITTED RESILIENT CARING CURIOUS HONEST 5
Slide 7: Leading in safety performance
Leading in safety performance Benchmark TRIFR ALS TRIFR Delivering safety ahead of industry benchmarks1 Benchmark LTIFR ALS LTIFR For personal use only 0.92 Total recordable injury frequency2 ALS TRIFR 0.31 ALS LTIFR Lost time injury frequency2 FY21 FY22 FY23 FY24 FY25 Health and safety is prioritis
Slide 8: Agenda
Agenda Welcome Michael Williams – Group Treasurer and IR Director Opening remarks Malcolm Deane – CEO and Managing Director ALS Roadmap to Win Heike Truol – Chief Strategy Officer For personal use only Unlocking value through digital innovation and AI Thibault Bonneton – Chief Digital & Information
Slide 9: Opening remarks
OPENING For personal use only REMARKS Malcolm Deane MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
Slide 10: A global leader in testing
A global leader in testing A$3bn A$515m 18.9% 22,000+ 450+ For personal use only FY25 REVENUE FY25 UNDERLYING EBIT1 FY25 UNDERLYING ROCE1 STAFF WORLDWIDE LABS WORLDWIDE Revenue contribution Revenue by geography Life Sciences Commodities 35% EMENA Food Minerals Pharmaceutical Industrial Materials 27%
Slide 11: Track record of shareholder value creation
Track record of shareholder value creation Revenue and EBIT ~14% Earnings per share Consistently For personal use only delivering Underlying revenue CAGR (FY21-25) $3bn 64 cps REVENUE $515m GROWTH $1.8bn $296m 38 cps ~208% Total shareholder return (FY21-25) 18.3% 19.1% vs ASX100 of 89%1 SHAREHOLDER
Slide 12: Building a resilient portfolio
Building a resilient portfolio FY21 FY25 For personal use only REVENUE A$1.8bn A$3.0bn Revenue CAGR PRIOR 4 YEAR CAGR % ~7% ~14% doubled REVENUE BY 12% Portfolio BUSINESS SEGMENT rationalisation 35% 36% focused on increasing Commodities 64% resilience and 53% growth Life Sciences Industrial 2% 2% RE
Slide 13: One team. One purpose. One ALS.
One team. One purpose. One ALS. For personal use only OUR OUR OUR OUR VISION MISSION PURPOSE VALUES To be the global To help our clients Making the Safe leader in the leverage the power world a better Resilient discipline of of testing and place through Curious scientific analysis data-driven insigh
Slide 14: Positioning for success
Positioning for success FUTURE For personal use only REVENUE Continue to grow organically at mid-high single digit REVENUE BY Evolve portfolio in line with strategy: BUSINESS SEGMENT 1 2 3 4 PROTECT EXPAND SELECTIVE & MANAGE & EXTEND OPPORTUNISTIC & MONITOR REVENUE BY GEOGRAPHY Continue to diversify
Slide 15: Delivering the lab of the future
Delivering the lab of the future STRATEGY For personal use only • Alignment to high-quality testing markets • Differentiated, high-margin work • Strategy execution through Roadmap to Win • Disciplined capital allocation via value creation framework STRUCTURE Aligning • Global footprint and hub and s
Slide 16: Next growth phase
Next growth phase For personal use only Strategy execution Focused capital Automation, data and AI Extend existing Roadmap to Win allocation opportunities competitive advantage 15
Slide 17: Leading ALS' future
LEADING ALS’ FUTURE For personal use only STUART DAYNA HEIKE THIBAULT MARK MALCOLM GRACE BRUCE TIM JOAO RICKARD HUTTON FIELD TRUOL BONNETON ZORBAS DEANE COILEY MCDONALD KILMISTER COTTA OLOFSSON Chief General Chief Chief Digital Chief CEO and Executive Executive Executive Executive Executive Financia
Slide 18: Roadmap to Win
ROADMAP For personal use only TO WIN Heike Truol CHIEF STRATEGY OFFICER
Slide 19: Refreshed strategy and capital allocation
Refreshed Where are strategy we today and capital allocation REFRESHED STRATEGY DISCIPLINED VALUE CREATION FRAMEWORK For personal use only Roadmap Underpinning to Win all growth and investment decisions Where to win Minimum PORTFOLIO FOCUS return hurdles How to win Focus on BUILDING DEEPER operating
Slide 20: Sharper focus: where we will win
Sharper focus: WHERE WE WILL WIN For personal use only 1 MARKET 2 PORTFOLIO 3 GROWTH POTENTIAL High volume and criticality Aligned to our ALS Size, share and incremental with leadership potential Operating Way opportunity Expand Protect & extend Selective & opportunistic Manage & monitor Description
Slide 21: Well positioned portfolio
Well Wherepositioned portfolio are we today 2% For personal use only Market participation HIGHER and position of 10% 14% businesses within ALS portfolio1 17% Investment area Expand More attractive, 53% Protect & less advantaged segments Strategic segments 37% Extend MARKET ATTRACTIVENESS Selective &
Slide 22: Targeted investment in resilient high-growth markets
Targeted investment in resilient high-growth markets Where we’ve Inorganic investment For personal use only ORGANIC AND INORGANIC Past two years been investing • York (Environmental, USA) • Wessling (Environmental, Europe) Organic investment Four key growth projects • Lima, Peru (Minerals) Investmen
Slide 23: Disciplined value creation framework
Disciplined value creation framework For personal use only Re-focused growth 1 aligned to strategic pillars and capital Organic and innovation led growth + Operational improvements + Cash generation + Disciplined M&A framework New Portfolio assessment Growth ambition Capital allocation 2 iterative a
Slide 24: Focused M&A framework
Focused M&A framework C For personal use only Strategic Operational Financial Based on Value add opportunity Minimum Return on Capital STRATEGY & CAPITAL Business understanding Employed (ROCE) of ALLOCATION FRAMEWORK Cultural alignment 15% Complementary to in the medium term regional footprint Fit i
Slide 25: Structured M&A approach
Structured M&A approach For personal use only SOURCING PROCESS GOVERNANCE Multi-pronged Dedicated Due Stage gate approach sourcing – with strong Diligence team – for approvals focus on regional centrally led, regionally relationships and resourced Risk assessment proactive market scanning Dedicated
Slide 26: Leveraged to meet market demand trends
Leveraged to meet market demand trends Industrial3 For personal use only Environmental1 Minerals2 Food1 Pharma1 Materials $10B in 2023 $8B in 2023 $9B in 2023 $33B in 2023 $83B in 2023 $14B by 2029 $10B by 2029 $12B by 2029 $48B by 2029 $137B by 2029 MARKET DEMAND DRIVERS CAGR 5-6% CAGR 4-5% CAGR 5-
Slide 27: Strategic growth priorities by business
Strategic growth priorities by business EXPAND AND PROTECT AND EXTEND SELECTIVE GROWTH For personal use only Industrial Environmental Minerals Food Pharma Materials Expand geographic Expand downstream, Establish regional Selective Establish leadership presence in key production exposed scale in sele
Slide 28: Healthy M&A Pipeline
Healthy M&A Pipeline For personal use only PRELIMINARY SCREEN 140+ targets have been reviewed over the past 18 months across all ALS business streams Breakdown of actively ACTIVELY EVALUATING INDUSTRIAL evaluating targets by MATERIALS High priority leads and active business stream discussions with t
Slide 29: Sharper focus — where we will win
Sharper focus — where we will win Our vision ‘To be the global leader ‘ihe discipline of scientific Prioritise poolysis0 Bu aa High-volume analytical testing ‘getier world for all and associated services in sectors and geographies where ALS can dovolop a compotitive advantago and market-leading resu
Slide 30: Unlocking value through digital innovation and AI
Unlocking value through DIGITAL For personal use only INNOVATION AND AI Thibault Bonneton CHIEF DIGITAL & INFORMATION OFFICER
Slide 31: Value through scaling automation, data and AI
Value through scaling automation, data and AI Industry shift Data leadership AI acceleration For personal use only Clients demand speed, Scale + data = From pilot data and integration digital advantage to platform Digital transformation is a priority to 450+ labs in 70+ countries our Capital investm
Slide 32: Our digital backbone
Our digital backbone LIMS mutualisation For personal use only UNIFIED LIMS • Unified proprietary LIMS PLATFORM ALREADY • Standardised processes COVERS MORE THAN • Cloud-based architecture 78% OF GROUP REVENUE Client digital solutions • Intuitive mobile apps and workflows • Real-time data and custom
Slide 33: Our selective 'big bets' for leaner operations
Our selective ‘big bets’ for leaner operations DIFFICULTY SCALE (1-5) HIGH ROI AUTOMATED AI-POWERED ROBOTICS & For personal use only VIRTUAL CUSTOMER AI ‘IN-LAB‘ WORKFORCE SERVICE Internal lab AI-powered Physical robotic knowledge assistant client reports “in-lab” Support AI customer Workflow functi
Slide 34: Early AI use cases demonstrate value for clients and ALS
Early AI use cases demonstrate value for clients and ALS AI use cases For personal use only MINERALS FOOD Numerical validation Computer vision • QC control lab task accelerated from 7.5 to 3 minutes 138% CONSISTENCY • Tens of thousands of petri dishes processed daily 80% AI SUPPORTED • Significant t
Slide 35: The smart lab journey: shaping the future of testing
The smart lab journey: shaping the future of testing SHORT TERM (act) MID TERM (think) MID-LONG TERM (think & act) For personal use only ROBOTICS AND AI ASSISTANTS AI AGENTS TRADITIONAL AI EXAMPLE USE CASES EXAMPLE USE CASES EXAMPLE USE CASES Time series analysis Regulatory assistant Robotic lab tec
Slide 36: Build once. Scale everywhere.
Build once. Scale everywhere. AI factory AI skills hub For personal use only USE CASES Lab agents | Regulatory assistants | Robots Cross-functional “AI ambassadors” program ALS INVESTS HEAVILY IN ENABLERS Knowledge management | Regulatory compliance AI fundamentals for every employee AI SKILLS Cultu
Slide 37: The 'Smart TIC' growth story
The ‘Smart TIC’ growth story GREATER INSIGHT SMARTER DECISIONS For personal use only • One of largest data sets in TIC • New AI labs in Lima, Sydney, • Standardised data from 450+ labs Bangkok, Prague • Real-time quality monitoring • Real-time mining insights through our eQMS • GenAI and AI ambassad
Slide 38: In summary
In summary Performance proven Growth positioned • 208% total shareholder • A$1.3b+ M&A pipeline For personal use only return (FY21-25) across strategic markets • Global safety leadership • Mid-high single digit with industry-beating metrics organic growth targeted Strategy executed Future leading •
Slide 39: Malcolm Deane, Heike Truol, Thibault Bonneton
For personal use only Malcolm Deane Heike Truol Thibault Bonneton Managing Director & Chief Strategy Chief Digital & Chief Executive Officer Officer Information Officer
Slide 40: Extending the ALS way through the mining value chain
Extending the ALS way through the MINING VALUE For personal use only CHAIN Bruce McDonald EXECUTIVE GENERAL MANAGER, MINERALS
Slide 41: The Minerals story
The Minerals story Unique competitive position through client-focused structure, geographic reach and global control system (LIMS) For personal use only Market megatrends align with ALS’ reputation, technical capability and growth strategy, for strong growth Opportunities to extend services downstre
Slide 42: A global business with seven hub lab locations
A global business with seven hub lab locations 7 HUB LABS 44+ 5,500+ >20m+ $851m For personal use only SERVED BY OVER COUNTRIES STAFF SAMPLES PROCESSED FY25 GLOBAL 80 SPOKES WORLDWIDE PER YEAR REVENUE (AUD) Major Sample Revenue Region hub lab prep labs (AUD) NORTH AMERICA Vancouver Canada 25 $252m S
Slide 43: Market fundamentals and our right to win
Market fundamentals and our right to win Resilience through the mining cycle positions us to capitalise on market improvements, increasing market share and expanding services For personal use only Key demand drivers ALS positioning The outcome • Innovation leader, trusted in testing FOR CLIENTS Ener
Slide 44: Growth opportunities within mining value chain midstream
Growth opportunities within mining value chain midstream MINING UPSTREAM MIDSTREAM DOWNSTREAM VALUE For personal use only CHAIN Exploration Feasibility Construction Mining & processing Logistics Marketing Closure Geochemistry MINERALS SERVICES Mine Production Testing Services Metallurgy Geoanalytics
Slide 45: Strategic growth and diversification of Minerals services
Strategic growth and diversification of Minerals services High performance methods and downstream services growing rapidly For personal use only Minerals revenue contribution FY25 Revenue CAGR FY22 – 25 Geochemistry exploration HPM 3% 28% Mine Production Testing Services 22% Metallurgy 8% Geoanalyti
Slide 46: Unlocking value beyond cyclical exploration spend
Unlocking value beyond cyclical exploration spend Strategic growth and diversification have reduced minerals services’ reliance on global exploration spending For personal use only Reduction in weighting of traditional Minerals revenue and underlying EBIT margin exploration testing over past five ye
Slide 47: Roadmap to Win: Minerals
Roadmap to Win: Minerals WINNING ASPIRATION GOALS For personal use only The most innovative and technically Grow market share across respected testing partner throughout the mining value chain the mining value chain, leading upstream market share, expanding Achieve a recognisable character of servic
Slide 48: Driving resilience through innovation in minerals
Driving resilience through INNOVATION For personal use only IN MINERALS Michele Ramshaw & Shawn Hood GENERAL MANAGER GENERAL MANAGER GLOBAL GEOCHEMISTRY GEOANALYTICS
Slide 49: Resilience through innovation
Resilience through innovation Hub and spoke model Built for data Driven by people For personal use only powers resilience leadership and insight Integrated global lab network Global consistency clients trust Innovation sparked by our teams Agile and scalable operations AI-ready, metadata-rich datase
Slide 50: High performance methods to face the changing landscape
High performance methods to face the changing landscape Increase spending1 For personal use only Grade US$200 BILLION THE CHALLENGE decline new ‘transition metal’ mining projects are required by 2030 to meet demand Electrification driven demand, Analysis suggests structural 50 NEW LITHIUM MINES unde
Slide 51: Automation in action
Automation in action Multi-element analysis improving testing performance For personal use only HUB AND 100% LIMS mutualisation SPOKE MODEL Standardised procedures & equipment AUTOMATION Mechanical Digital Reliable anomaly detection PRECISION & CONSISTENCY Useable across geographies AI ready 50
Slide 52: Geoanalytics – accelerating mining insights
Geoanalytics – accelerating Integrating data science, artificial intelligence and machine learning with geoscience mining insights expertise and proven processes to transform exploration and mining. For personal use only We enable clients to: Reduce the time for discovery and production Streamline a
Slide 53: Helping the world discover critical minerals
Helping the world discover critical minerals For personal use only CASE STUDY Western Australian Government-industry sponsored initiative using precompetitive geoscience data to discover critical minerals Initial results contribute new AI mapping and have already identified previously unknown insigh
Slide 54: Accelerating the identification of regions with mineral potential
Accelerating the identification of regions with mineral potential From isolated .. to integrated For personal use only Scale (km) 0 10 exploration AI exploration data layers .. smart targets Low High Geochemistry Expertise Geophysics Mapping MINERAL Smart targets POTENTIAL 53
Slide 55: Integrating information to deliver Core Intelligence
Integrating information to deliver Core Intelligence MINE SITE MINE DATA MINING INSIGHTS For personal use only Fusing quality data, Mining cross sections with Human input automation and Geoanalytics data products EXPERIENCE expert insight at Pyrite % operations level Site sensors RAPID DATA Pyritic
Slide 56: Greater insight and smarter decisions to support the mining industry
Greater insight and DATA DATA smarter decisions to VISUALISATION INTEGRATION support the mining For personal use only industry Transforming how geological Trusted data is created, shared and DECISION EFFICIENCY & digital partner applied across the global SUPPORT AUTOMATION mining value chain Expert-
Slide 57: Connecting data workflows down the mining value chain
Connecting data workflows down Global minerals leader: the mining value chain A$851m revenue, 44+ countries For personal use only Market leading: Geochemistry globally, metallurgy in Australasia Innovation accelerating: Generating savings and expanding services Technology leading: Geoanalytics acros
Slide 58: Minerals presenters
For personal use only Bruce McDonald Michele Ramshaw Shawn Hood Stuart Hutton Executive General Manager, General Manager, General Manager, Chief Financial Minerals Global Geochemistry Geoanalytics Officer
Slide 59: For personal use only
For personal use only
Slide 60: Life Sciences overview
Life Sciences overview Life Sciences delivers Life Sciences revenue contribution Life Sciences revenue For personal use only essential testing to FY25 FY21-25 % of Group revenue ensure environmental protection, ~20% 17.1% food safety, and Underlying Revenue Core EBIT margin excl. product quality and
Slide 61: Leading in environmental excellence
Leading in ENVIRONMENTAL For personal use only EXCELLENCE Tim Kilmister & Phillip Kennedy EXECUTIVE GENERAL STATE MANAGER MANAGER ENVIRONMENTAL ENVIRONMENTAL, QLD
Slide 62: Building momentum toward the lab of the future
Building momentum toward the lab of the future For personal use only Global business advantaged by scale and operating model Environmental segment underpinned by strong long-wave fundamentals Deliberate positioning choices to win Vision for the lab of the future building on existing momentum Priorit
Slide 63: A global leader in environmental testing
A global leader in environmental testing Primary 37 8,500+ 10m+ 17% $1,120m For personal use only focus COUNTRIES STAFF WORLDWIDE SAMPLES PROCESSED PER YEAR REVENUE GROWTH CAGR FY22 – 25 FY25 GLOBAL REVENUE (AUD) 8.4% ORGANIC Revenue by geography (AUD) Water Soil Air WORK PROGRAMS COMPREHENSIVE TEST
Slide 64: Leading with scale, client centricity and technology
Leading with scale, client centricity and technology Environmental testing market driven by longwave fundamentals, market growth mid-single digits, with ALS targeting high-single digit organic growth For personal use only DEMAND DRIVERS ALS CUSTOMER SEGMENTS MARKET DYNAMICS Compliance with evolving
Slide 65: Roadmap to Win: Environmental
Roadmap to Win: Environmental WINNING ASPIRATION GOALS For personal use only Build a sustainable, performance- An integrated, market-leading, driven culture global environmental testing platform that provides preferred Increase digitisation and leading solutions for clients – delivered digital solut
Slide 66: Market-leading network operating model
Market-leading network operating model HUB AND SPOKE Market segment driven by local Deliberate leadership position in target For personal use only environmental regulation markets; geographies, client segments and service offerings OPERATIONAL EXCELLENCE Global model with deep local market Standardi
Slide 67: Continued focus and investment into developing PFAS testing expertise
Revenue Continued focus and FY25 ~95% investment into developing Non-PFAS ~5% PFAS testing expertise PFAS For personal use only PFAS represents ~5% of Environmental revenue • Market leading PFAS capabilities in all Organic seven regions growth Environmental FY25 9.8% • Prioritised investment in capa
Slide 68: Innovation: Vision towards a lab of the future
Innovation: Vision towards a lab of the future For personal use only AI and data Robotics and automation Digital integration AI to drive operational efficiency and Larger process-based automation: ALS is a leader in digital integration, enhance customer experience. LHS (liquid handling system) enhan
Slide 69: Automation
Automation 1950 Today For personal use only 68
Slide 70: Client-side data integration a 'game changer'
Client-side data INNOVATION integration a CASE STUDY ‘game changer’ For personal use only ALS investing in dedicated Client Service Digital roles in all regions – aligned to client centric strategy and evolving digital needs. Collaboration has created a compelling “ The EQuIS leader for BP referred
Slide 71: Continuing to lead in Environmental
Continuing to lead in Environmental Supported by long-term structural drivers For personal use only Environmental is a priority growth area Ongoing market share expansion opportunities across major global economies ALS positioned to outperform the market : • Market share and leadership position • Ma
Slide 72: Malcolm Deane, Tim Kilmister, Phillip Kennedy
For personal use only Malcolm Deane Tim Kilmister Phillip Kennedy Managing Director & Executive General Manager, Environmental Manager, Chief Executive Officer Environmental Queensland
Slide 73: Investment proposition
INVESTMENT For personal use only PROPOSITION Stuart Hutton CHIEF FINANCIAL OFFICER
Slide 74: Q1 FY26 trading update
Q1 FY26 trading update ALS remains For personal use only focused on delivering top-tier services Group: on track to deliver 5-7% organic revenue growth and steady margin improvement in FY26 to customers Commodities: anticipate organic revenue growth at upper end of 5-7% range in FY26 consistently, s
Slide 75: Next growth phase
Next growth phase For personal use only Strategy execution Focused capital Automation, data and AI Extend existing Roadmap to Win allocation opportunities competitive advantage 74
Slide 76: Delivering the lab of the future
Delivering the lab of the future STRATEGY For personal use only • Alignment to high-quality testing markets • Differentiated, high-margin work • Strategy execution through Roadmap to Win • Disciplined capital allocation via value creation framework STRUCTURE Aligning • Global footprint and hub and s
Slide 77: Attractive investment proposition
Attractive investment proposition For personal use only Global business with diverse end markets, Strategically positioned to Leading global and/or regional hub and spoke model capture growth opportunities driving market share and margins in Minerals and services and customers from industry megatren
Slide 78: Executive leadership team
For personal use only Malcolm Deane Heike Truol Stuart Hutton Thibault Bonneton Managing Director & Chief Strategy Chief Financial Chief Digital & Information Chief Executive Officer Officer Officer Officer Mark Zorbas Bruce McDonald Tim Kilmister Chief People Executive General Executive General Off
Slide 79: ALS Limited Investor Day • Management presentations
Title For personal use only ALS Limited Investor Day • Management presentations 31 JULY 2025 • PERTH, AUSTRALIA