Slide 1: Amended East Coast Roadshow 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 20 October 2014 Company Announcements Office ASX Limited Exchange
Slide 2: Investor Presentation October 2014
For personal use only Investor Presentation October 2014 1
Slide 3: Agenda
Agenda For personal use only • Overview • Business Overview – Minerals and Oil & Gas • Global Business • Financial Update 1Q15 • Operational Update 1Q15 • Technology Leadership • Oil & Gas Division • Summary • Appendices 2
Slide 4: Overview
Overview For personal use only • All key metrics up on pcp Financial (1Q15) • Margins stable (Unaudited) • Oil & Gas Division cash flow positive Operational • Minerals market – early signs of cycle upswing continuing • Oil & gas market – robust with substantial opportunities for year-on-year growth
Slide 5: Business Overview – Minerals
Business Overview – Minerals For personal use only Product / service offerings • Downhole instrumentation • Drilling fluids & chemicals • In field geoanalysis • Solids removal units • Data collection & management software • Geoscientific data analysis software Target markets • Drilling contractors •
Slide 6: Business Overview – Oil & Gas
Business Overview – Oil & Gas For personal use only Product / service offering • Drilling & completion fluids • Wellbore surveying services • Production chemicals • Inflex (formerly Target INS) • Fluid & waste management • Gyroflex survey tool • Solids control equipment Target markets • Eastern hemi
Slide 7: Global Business
For personal use only Global Business 6
Slide 8: Financial Update 1Q15
Financial Update 1Q15 For personal use only • Combined revenue $58.7m (1Q14: $53.3m: 4Q14: $49.9m)(1) • EBITA $2.7m(2) (1Q14: $2.4m(3); 4Q14: $3.2m loss(3)) • EBITDA $5.0m(2) (1Q14: $4.4m(3); 4Q14: $1.6m loss(3)) • Minerals Division revenue $36.6m (1Q14: $35.2m; 4Q14: $32.9m) • Oil & Gas Division re
Slide 9: Operational Update 1Q15
Operational Update 1Q15 For personal use only • REFLEX instruments on hire up 33% from 3Q14 • AMC SRUs on hire increasing – particularly Americas • REFLEX HUB – trend of increasing throughput • AMC Oil & Gas continuing to strengthen, generating positive cash flow from operations 8
Slide 10: Technology Leadership
For personal use only Summary and Outlook Technology Leadership 9
Slide 11: Technology Leadership
Technology Leadership For personal use only • Leading R&D capabilities & personnel • More technology for development/production phases of project life cycle • FY15 focus on marketing new technologies – UG / HP SRUs, EZ-Gyro, REFLEX TN14 & XRF • Strong pipeline of technology development 10
Slide 12: New REFLEX Technologies
New REFLEX Technologies For personal use only REFLEX EZ-Gyro • Driller operated north seeking gyro instrument • Highly accurate downhole surveying • Significant cost savings for resource companies TN14 Gyrocompass • Fast, accurate & simple to use • Significant advantages over current manual rig alig
Slide 13: REFLEX HUB – Enabling Step Change
REFLEX HUB – Enabling Step Change For personal use only 12
Slide 14: REFLEX HUB – Resource Customers
REFLEX HUB – Resource Customers For personal use only 13
Slide 15: SRU – Unique Sumpless Technology
SRU – Unique Sumpless Technology For personal use only 14
Slide 16: Oil & Gas Division
For personal use only Summary and Outlook Oil & Gas Division 15
Slide 17: Oil & Gas – Overview & Strategy
Oil & Gas – Overview & Strategy For personal use only • Robust market conditions • VES joint venture performing well • Revenue growth since FY10 • Drilling fluids, solids control & waste management markets forecast to grow +15% • Significant opportunities for year-on-year growth • Continued investme
Slide 18: VES Joint Venture
VES Joint Venture For personal use only • Third largest global supplier of downhole survey services • Broad customer footprint • Access to comprehensive market, leading technology & speed • Niche market – high barriers to entry • Clear path to increased market share • Significant organic growth oppo
Slide 19: Summary
Summary For personal use only • Market share through technological leadership • Diversifying customer base Strategy • Broad based & resilient business • Industry & geographic diversification • Continued product development to meet customer needs • Diversifying customer base Execution • Marketing new
Slide 20: Appendix
For personal use only APPENDIX Appendix 19
Slide 21: The REFLEX HUB
For personal use only The REFLEX HUB 20
Slide 22: REFLEX HUB – Key Drivers
REFLEX HUB – Key Drivers For personal use only FOR IMDEX FOR CONTRACTORS & RESOURCE COMPANIES Adds value to existing range of instrumentation Significantly enhances operational efficiency – simplifies workflows Enables new technology / product offerings – e.g. in Paperless solution – data collection
Slide 23: The REFLEX Competitive Advantage
The REFLEX Competitive Advantage For personal use only 22
Slide 24: Additional Financial Information
For personal use only Additional Financial Information 23
Slide 25: FY14 Key Metrics
For personal use only FY14 Key Metrics 24
Slide 26: Combined Revenue $204.6m
Combined Revenue $204.6m For personal use only Includes share of VES JV revenue $21.1m (FY13: $16.6m) 25
Slide 27: Normalised EBITA/EBITDA
Normalised EBITA/EBITDA For personal use only 26
Slide 28: Revenue Base - Minerals
Revenue Base - Minerals For personal use only 27
Slide 29: Oil & Gas Division
For personal use only Oil & Gas Division 28
Slide 30: Balance Sheet
For personal use only Balance Sheet 29
Slide 31: 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