Imdex Ltd · ASX:IMD
Imdex — UBS Investor Presentation (June 2020)
36 slides from Imdex's conference presentation, Jun 22, 2020
Slide 1: ASX cover letter: UBS Investor Presentation
For personal use only 22 June 2020 Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sir/Madam UBS Investor Presentation Please find attached the UBS Investor Presentation to be presented later today. Authorised by Paul Evans Company Secretary Imdex Limit
Slide 2: UBS Investor Presentation
UBS For personal use only Investor Presentation CONFIDENTIAL – PROPERTY OF JUNE 2020 © IMDEX LIMITED PAUL HOUSE – CHIEF OPERATING OFFICER AND INCOMING CHIEF EXECUTIVE OFFICER PAUL EVANS – CHIEF FINANCIAL OFFICER & COMPANY SECRETARY
Slide 3: Presentation Overview
Presentation Overview For personal use only COMPANY OVERVIEW COVID19 EVENT – OUR RESPONSE AND OUR MARKET FUTURE INDICATORS AND OPPORTUNITIES HOW WE ARE GROWING OUR BUSINESS OUTLOOK AND SUMMARY 2
Slide 4: A leading global Mining-Tech company
COMPANY OVERVIEW For personal use only A leading global Mining-Tech company. Enabling successful and cost-effective operations, from exploration to production. 3
Slide 5: What Our Technologies Do
What Our Technologies Do Enable successful cost-effective operations For personal use only Drilling Accurate We develop faster & smarter 1.33 subsurface data cloud-connected • Drilling productivity and rig alignment technologies • Downhole survey sensors • Core orientation and gamma sensors and dril
Slide 6: IMDEX Integrated Solutions
IMDEX Integrated Solutions Strong competitive position - high barriers to entry For personal use only STRONG IP ASSAY PROTECTION GEOCHEMISTRY SATELLITE IMAGERY LEADING TECHNOLOGIES GEOPHYSICS END-TO-END 01 CONNECTED 36 07 SOLUTIONS SURVEY FIRST-MOVER DATA SPATIAL DATA ADVANTAGE BLAST HOLE GLOBAL SEN
Slide 7: Business Model
Business Model Revenue, client and geographic profile For personal use only AVERAGE REVENUE ESTIMATED COMMODITY PROFILE EXPOSURE DIRECTLY SUPPORTING MAJOR MINING 20% 33% 18% 25% 7% 50% 50% 43% COMPANIES AND 80% 24% 50% DRILLING CONTRACTORS GLOBALLY SALES EXPLORATION & AMERICAS Gold DEVELOPMENT WELL-
Slide 8: A Leading Mining-Tech Company
A Leading Mining-Tech Company Building solid and sustainable growth For personal use only CORE BUSINESS DRILLING CONSISTENTLY OUTPERFORMING PRODUCTIVITY MARKET CONDITIONS TECHNOLOGIES IMDEX MINING TECHNOLOGIES NEW (INC COREVIBE™, (INC BLAST DOG™) 1H17 - 1H20 XTRACTA™ & PRODUCTS / TECHNOLOGIES REVENU
Slide 9: Performance Update
Performance Update Strong growth YTD March 2020 For personal use only 1H20 3Q20 4Q20 STRONGEST DECEMBER AND STRONGEST MARCH REVENUE AND EARNINGS HALF-YEARLY REVENUE REVENUE ON IMPACTED IN 4Q20 BY COVID19 SEVEN CONSECUTIVE HALVES OF EBITDA GROWTH RECORD COVID19 BUSINESS DISRUPTION STABILISED – LATE A
Slide 10: COVID19 Event: Our Response and Our Market
For personal use only COVID19 EVENT Our Response and Our Market 9
Slide 11: Our Response
Our Response Two key commitments For personal use only Protecting our Protecting our People Business • Crisis Management Teams in frequent • No impact to supply chain contact with clients • Manufacturing and service levels maintained Au • Adhering to recommendations by WHO, Fe Cu to meet demand Gove
Slide 12: Our Market
Our Market Monitoring four key risks - current outlook positive For personal use only IMDEX COVID19 OPERATIONS CONTINUITY STATUS COVID19 FOUR KEY RISKS 1. Government mandated restrictions impacting exploration and mining 2. Company policy of clients 3. Response to secondary infections 4. Underlying
Slide 13: External Response
External Response What our clients are saying For personal use only Clients intend to sustain operations and are finding ways to keep operating Short-term focus on: - Continued safety of employees - Ensuring safe mobilization of teams - Ensuring supply and business continuity - Prioritizing near-min
Slide 14: Future Indicators and Opportunities
For personal use only FUTURE INDICATORS AND OPPORTUNITIES 13
Slide 15: Future Indicators
Future Indicators Fundamentals unchanged For personal use only S&P REVISED SHORT-TERM FORECAST FOR EXPLORATION The fundamentals underpinning IMDEX’s ACTIVITY IN DIRECT RESPONSE TO COVID19 - 9 APRIL 2020 business growth continue to be strong • CY20 DOWN ~29% ON CY19 (PREVIOUSLY UP 0% - 5%) The major
Slide 16: Heightened Opportunities
Heightened Opportunities Accelerating positive structural change For personal use only Demand for IMDEXHUB-IQ™ Training via online learning cloud-based technologies and platform IMDEX Academy software is increasing Solutions support clients to work Establishing new efficient remotely, efficiently, s
Slide 17: How We Are Growing Our Business
For personal use only HOW WE ARE GROWING OUR BUSINESS 16
Slide 18: Ongoing R&D Core Business
Ongoing R&D Core Business Connecting and enhancing our traditional technologies For personal use only DRILLING IMDEX 58 OF TOP 100 PRODUCTS / TECHNOLOGIES NEW PRODUCTIVITY MINING CLIENTS ARE CONNECTED TO IMDEXHUB-IQ™ TECHNOLOGIES TECHNOLOGIES UP FROM 49 AT JUNE 19 MARKET ONGOING R&D EXISTING EXTENSI
Slide 19: Drilling Productivity Technologies
Drilling Productivity Technologies Product Extension For personal use only Client Benefits Progress Update DRILLING IMDEX COREVIBE™ • High frequency energy pulse • Discretionary projects and assisted drilling for wireline coring trials currently on hold to limit PRODUCTS / TECHNOLOGIES NEW PRODUCTIV
Slide 20: The Optimised Drill Site
The Optimised Drill Site Delivering clients greater economic value For personal use only 3rd party software Satellite technology REPORTING EDUCATION & TRAINING DRILLING TECHNOLOGIES Daily Drill Report Online learning COREVIBE™ XTRACTA™ STRUCTURAL IN-FIELD GEOANALYSIS MAGHAMMER™ AMC BOS™ Sample IQ-LO
Slide 21: Mining Technologies: Market Extension - BLASTDOG
Mining Technologies Market Extension - BLASTDOG™ For personal use only IMDEX Optimising blasting outcomes based on high-resolution 3D material models and DRILLING PRODUCTS / TECHNOLOGIES NEW PRODUCTIVITY MINING TECHNOLOGIES TECHNOLOGIES ONGOING R&D MARKET material tracking in pit ONGOING R&D EXISTIN
Slide 22: Mining Technologies - BLASTDOG
Mining Technologies - BLASTDOG™ Optimised blasting and material tracking 1 2 3 4 5 For personal use only Drilling Domaining Optimised Post-Blast Productivity & Analytics Blasting Metrics Processing Metrics MORE EFFICIENT HAULAGE PREDICTABLE FRAGMENTATION CONTROLLED VIBRATION, DUST, INCREASED PROCESS
Slide 23: Mining Technologies: On track with development
Mining Technologies On track with development For personal use only IMDEX AMC BHS™ • STABLISES BLAST HOLES • REDUCES COSTLY RE-DRILLS • REDUCES DUST CURRENT TRIAL WITH IMDEX AMC BHS™ CURRENT TRIAL WITHOUT IMDEX AMC BHS™ 22 IMDEX BLASTDOG™ IMDEX AMC BHS™
Slide 24: BLASTDOG: Importance of total deposit knowledge
Mining Technologies - BLASTDOG™ Importance of total deposit knowledge For personal use only MINING VALUE CHAIN PRE-BLAST POST-BLAST HAULAGE COMMINUTION OUTPUT WASTE MILL DEPOSIT FRAGMENTATION MINIMISE ORE LOSS MINE TO MILL BLASTDOG™ > KNOWLEDGE EFFICIENCY AND DILUTION EFFICIENCY BENEFITS SIGNIFICANT
Slide 25: Outlook & Summary
For personal use only OUTLOOK & SUMMARY 24
Slide 26: Positive Growth Outlook
Positive Growth Outlook Solid underlying industry fundaments For personal use only Major and intermediate resource companies – Resource companies strong balance sheets embracing technologies to and focused on replacing find new ways of working reserves New discoveries under cover and at depth – Stro
Slide 27: IMDEX Today
IMDEX Today A stronger resilience business For personal use only More sophisticated product Increasing revenue from portfolio - IMDEXHUB-IQ™ resource companies - directly connected technologies and and indirectly software Exciting pipeline of new Increasing revenue from the technologies that enhance
Slide 28: Why IMDEX?
Why IMDEX? Positioned to deliver attractive returns For personal use only Strong balance sheet and Compelling opportunities for platform to delivery recurring long-term revenue and earnings revenue growth – core business and Strong cash flow from operations market extension Market leading patent pro
Slide 29: For personal use only
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Slide 30: Thank you
Thank you For personal use only THIS PRESENTATION HAS BEEN PREPARED BY IMDEX LIMITED (“THE COMPANY”). IT CONTAINS GENERAL FOR FURTHER INFORMATION 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 PUR
Slide 31: Appendices
For personal use only Appendices
Slide 32: IMDEX Board
IMDEX Board Committed to driving growth strategy For personal use only Mr Bernie Ridgeway Ms Sally-Anne Layman Mr Anthony Wooles Mr Ivan Gustavino Mr Kevin Dundo Managing Director Non-Executive Director Non-Executive Chairman Non-Executive Director Non-Executive Director
Slide 33: Executive Leadership Team
Executive Leadership Team Successful track record For personal use only Bernie Ridgeway Paul Evans Paul House Mathew Regan Michelle Carey Managing Director CFO & Company Chief Operating Chief Information and Global Manager – IMDEX Secretary Officer Transformation Officer Product Development Dave Law
Slide 34: Established Global Business
Established Global Business In all the key mining regions of the world For personal use only STRONG MARKET PRESENCE ON Smithers - Canada 70% OF MINERAL East Sussex - UK Rastede - Germany Vancouver - Canada Timmins - Canada Amsterdam - Netherlands DRILLING PROJECTS Salt Lake City - USA GLOBALLY San L
Slide 35: ESG Achievements & Areas of Focus
ESG Achievements & Areas of Focus For personal use only SAFETY & QUALITY GOVERNANCE & ECONOMIC • Improving safety performance • Developed Conflict of Interest Policy and process for • Enhancing visible safety leadership disclosing and managing conflicts • Improving systems and compliance • Annual em
Slide 36: External Response: What our clients are saying
External Response What our clients are saying For personal use only “ Of course, the immediate test-case in our ability to adapt with pace is Covid-19 related, but as I mentioned “ President and CEO Mark Bristow said operational and financial delivery were on plan despite the fact that the group’s p