Slide 1: Imdex Limited FY17 Results Presentation
For personal use only Imdex Limited FY17 Results Presentation 1 // IMDEX LIMITED 21 August 2017 Bernie Ridgeway – Managing Director Paul Evans – CFO & Company Secretary © IMDEX LIMITED AUGUST 2017
Slide 2: We are a leading global METS company
For personal use only We are a leading global METS* company. Our solutions improve the process of identifying and extracting what is below the earth’s surface for drilling contractors and resource companies – we let clients know where it is and what it is…now. Our vision is to be the leading provide
Slide 3: FY17 Highlights
For personal use only FY17 Highlights • Increased revenue and earnings • Early stages of minerals industry upswing • Strong balance sheet • Increase of REFLEX instruments on hire • Successful capital raising • Continued to invest in R&D • $30 million Bankwest facility secured on attractive terms • C
Slide 4: Key Metrics ($million)
Key Metrics ($million) For personal use only $MILLIONS UNLESS INDICATED OTHERWISE FY17 FY16 VAR VAR% Revenue from continuing operations1 176.2 143.3 32.9 23% EBITDA from continuing operations 31.5 20.32 11.2 55% NPAT 3.63 -56.24 59.8 EPS (cents) 1.1 -23.1 24.2 Operating cash flow from continuing ope
Slide 5: Minerals Revenue by Region ($million)
Minerals Revenue by Region ($million) For personal use only 241.7 177.7 182.7 • FY17 revenue up 23% on pcp 176.2 143.3 • Increasing revenue trend across all 142.3 regions 125.4 • Business benefited from global presence and regional expertise • Uplift continues into FY18 5 // IMDEX LIMITED FY11 FY12
Slide 6: EBITDA ($million)
EBITDA ($million) For personal use only • Core business profitable throughout downturn • FY17 EBITDA up 55% on pcp • Additional investment in key personnel in 4Q17 83.6 • Focused on cost discipline while driving revenue growth 53.8 • EBITDA margin improvement 41.71 expected in FY18 while 31.5 increa
Slide 7: Balance Sheet & Working Capital ($millions)
Balance Sheet & Working Capital ($millions) For personal use only $MILLIONS UNLESS INDICATED 30 JUN 2017 30 JUN 2016 OTHERWISE Cash 19.4 13.0 31.5 (5.9) Receivables 41.5 28.8 (1.5) (3.4) Inventory 29.9 27.4 20.7 Assets held for sale1 - 3.2 Fixed assets 32.2 38.2 Intangibles 60.4 60.9 Other assets /
Slide 8: Global Business with Operational Leverage
Global Business with Operational Leverage For personal use only 8 // IMDEX LIMITED Imdex presence – map does not include distributors Mining industry hot spots
Slide 9: Market Update
For personal use only Market Update • Increased activity in the minerals sector – particularly in • Large resource companies – continuing to focus on Canada, Latin America, West Africa and Australia increasing efficiencies, cost reduction • Activity uplift initially associated with stronger gold pri
Slide 10: REFLEX Instruments on Hire
REFLEX Instruments on Hire (Number of units) For personal use only • As more rigs return to work, additional instrumentation is • Increased demand for and adoption of traditional survey and 10/ / IMDEX LIMITED required – all commodities core instrumentation, together with more recent technologies •
Slide 11: Market Update
Market Update For personal use only 11/ / IMDEX LIMITED Despite increased expenditure, gold and copper discoveries are not keeping up with production – grades decreasing, deeper, more complex ore bodies, more difficult and longer lead times to develop
Slide 12: Driving Sustainable Earnings Growth
Driving Sustainable For personal use only Earnings Growth • Growth of core business historically driven by cyclical upswing and the introduction of new technologies • Strategic positioning for sustainable earnings growth • FY18 investing in two-tiered strategy: • Organic – protect and grow core busi
Slide 13: Summary & Outlook
Summary & Outlook For personal use only • Strong performance in FY17 • Strategic positioning to achieve sustainable earnings • REFLEX instruments on hire at 30 June 2017 42% up on growth for shareholders 30 June 2016 • Solid balance sheet – ability to drive organic and • Activity within major mining
Slide 14: Appendices
For personal use only Appendices 14// IMDEX LIMITED
Slide 15: Imdex Board
Mr Anthony Wooles BCom, MBA (Finance) Imdex • • Non-Executive Chairman Appointed to the Board 1 July 2016 Board For personal use only Mr Bernard Ridgeway B.Bus (ACCTG) ACA • Managing Director • Appointed to the Board 23 May 2000 Mr Kevin Dundo BCom, LLB • Non-Executive Director • Appointed to the Bo
Slide 16: Company Snapshot
Company Snapshot For personal use only Corporate Information Share Register Analysis of top shareholders as at 30 June 2017 ASX Listed IMD Share Price (30 June 2017) A$ 0.76 Institutions Issued Shares m 367.5 Employee, Directors & Company Related Parties Market Cap (30 June 2017) A$m 279.3 Corporate
Slide 17: Global Leader in Exploration & Mining
Global Leader in Exploration & Mining For personal use only Scale and efficiency that comes from being the leading provider of subsurface Economies of scale intelligence solutions to the exploration and mining markets globally Leading brands and strong AMC and REFLEX are the world’s leading brands w
Slide 18: Simple Scalable Structure
Simple Scalable Structure For personal use only • Dominant within minerals industry – strong brands and market share • REFLEX − Downhole Navigation − Structural Geology − In-field Geoanalysis − Driller Operable Geophysics • AMC − Drilling Optimisation 18// IMDEX LIMITED
Slide 19: Leading Technologies & Solution Sets
Leading Technologies For personal use only & Solution Sets Our Strengths: • World-class R&D facilities and internal capabilities • Connectivity IMDEXHUB-IQ • Solutions for exploration, mining and development Client benefits: • Chain of custody 19/ IMDEX LIMITED • Quality data • Timeliness • Streamli
Slide 20: Imdex Solution Sets
Imdex Solution Sets For personal use only Our solution sets simplify the process of identifying and extracting what is below the earth’s surface for drilling contractors and resource companies. Together our technologies provide geological information in real-time supporting critical decision making
Slide 21: 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