Slide 1: Sustainability Report Presentation ASX cover letter
IMDEX LIMITED | ABN 78 008 947 813 216 Balcatta Rd, Balcatta WA 6021 Australia PO Box 1262, Osborne Park WA 6916 Australia +61 8 9445 4010 imdexlimited.com 15 September 2022 For personal use only Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sir / Mad
Slide 2: 2022 Sustainability Presentation
For personal use only 2022 Sustainability Presentation IMDEX ESG COMMITTEE Classification | Restricted
Slide 3: Forward Looking Statements
Forward Looking Statements For personal use only THIS PRESENTATION MAY CONTAIN CERTAIN ‘FORWARD-LOOKING STATEMENTS’ AND RESULTS OR TRENDS TO DIFFER MATERIALLY, INCLUDING BUT NOT LIMITED TO PROJECTIONS PROVIDED BY OR ON BEHALF OF IMDEX LIMITED (IMDEX). FORWARD RETENTION OF KEY BUSINESS RELATIONSHIPS,
Slide 4: IMDEX is a leading global mining-tech company
For personal use only IMDEX is a leading global mining-tech company. We enable clients to find, define and mine orebodies with precision and at speed. 3
Slide 5: ESG Committee
ESG Committee For personal use only Ms Sally-Anne Layman Mr Paul House Mr Paul Evans Mr Shaun Southwell Ms Michelle Carey Non-Executive Director CEO CFO COO Chief of Product Management and Marketing Ms Naz West Ms Kiah Grafton Mr Michael Tomasz Ms Kym Clements Ms Sarah Moredoundt Global QHSE Manager
Slide 6: Presentation Overview
For personal use only Presentation OUR INDUSTRY SUSTAINABILITY CHALLENGE & OPPORTUNITY Overview OUR PURPOSE & OUR ESG APPROACH OUR ESG FOCUS AREAS FY22 HIGHLIGHTS AND FY23 TARGETS SUMMARY 5
Slide 7: Decarbonisation and net zero goals
A genuine Decarbonisation and net zero goals commitment to Reaching a tipping point For personal use only decarbonisation is being driven from all corners CONSUMER BEHAVIOUR GOVERNMENT POLICY of our global Consumers are increasingly Governments are mandating economy. demanding sustainable change thr
Slide 8: Industry Opportunity
Industry Opportunity INCREASING DEMAND FOR MINERALS USED IN CLEAN ENERGY TECHNOLOGY For personal use only Lithium financing up 256.7% YOY in 2021 Lithium financing* Lithium carbonate CIF Asia price “…S&P expects copper demand will jump from 25 million tonnes in 2021 to 2,500 25,000 50 million tonnes
Slide 9: More Mines Needed
More Mines Needed TO DELIVER LONG-TERM DEMAND FOR CRITICAL MINERALS For personal use only NATURAL SYNTHETIC LITHIUM COBOLT NICKEL GRAPHITE GRAPHITE NUMBER OF NEW NUMBER OF NEW NUMBER OF NEW NUMBER OF NEW NUMBER OF NEW MINES / PLANTS MINES / PLANTS MINES / PLANTS MINES / PLANTS MINES / PLANTS NEEDED
Slide 10: Mining Industry Challenge
Mining Industry Challenge For personal use only IN ADDITION TO THE CHALLENGE OF ADDRESSING OVERALL SUPPLY FROM NEW OPERATIONS, MINING ALSO HAS THE TWIN CHALLENGES OF MAKING ITS EXISTING OPERATIONS MORE EFFICIENT AND SUSTAINABLE IN THEIR OWN RIGHT “The mining sector is currently responsible for 4% –
Slide 11: John Doerr quote on net-zero transition
For personal use only “A plan is not a guarantee. A timely transition to a net-zero future is no sure thing… With the right tools and technology, with precision-honed policies, and most of all with science on our side, we still have a fighting chance.” – JOHN DOERR 2021 (Speed & Scale) 10
Slide 12: Our Purpose and ESG Approach
For personal use only Our Purpose and ESG Approach 11
Slide 13: Mining is essential to modern life
For personal use only “We believe mining is essential to every aspect of modern life. Our opportunity, indeed our responsibility, is to change the global minerals industry forever.” – PAUL HOUSE, IMDEX CEO 12
Slide 14: ESG Inside and Outside of IMDEX
ESG Inside and Outside of IMDEX For personal use only Inside IMDEX Outside IMDEX The practices that we can Leverage our research and control to ensure we are setting development capabilities to the right targets and enhance the sustainability of continuously improving for our our clients’ operations
Slide 15: Our ESG Objectives and Focus Areas
Our ESG Objectives and Focus Areas For personal use only OUR OUR MATERIAL OUR ACCOUNTABLE COMMITMENT TOPICS LEADERSHIP Ensuring a Safe and Health, Safety & Wellbeing, Inclusive Global People Diversity & Inclusion Kiah Grafton Workplace People & Culture Chief of People Driving the Sustainability Tech
Slide 16: People: FY22 Highlights and FY23 Targets
For personal use only People FY22 Highlights and FY23 Targets Photo by David Flores – IMDEX Country Manager – Argentina 15
Slide 17: People
People For personal use only OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • LTIFR of 0.77 improved from 1.85 • Improve HSE engagement by Ensuring Health, Safety • Improved safety engagement as a leading indicator 5% and achieve LTIFR below 0.77 & Wellbeing a Safe and Diversity & •
Slide 18: Refreshed IMDEX Values
Refreshed IMDEX Values For personal use only Forever We go Together We’re curious. beyond. we thrive. global game changers. We believe in shaping the We are passionate about creating We are a global team of Our rich global experience and diverse future of mining through the positive customer experie
Slide 19: Our Employee Value Proposition
Our Employee Value Proposition For personal use only Reflecting business Tangible and intangible An environment that requirements, strategic offerings that represent supports engagement milestones and market IMDEX’s brand and support and productivity. practices. wellbeing and development. Formal and
Slide 20: Innovation: FY22 Highlights and FY23 Targets
For personal use only Innovation FY22 Highlights and FY23 Targets 19
Slide 21: Innovation
Innovation For personal use only OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • Released IMDEX OMNI™ sensor • Formalise sustainability Drive the Technology and next generation IQ- LOGGER™ considerations in stage gate development process Solutions, Sustainability Thought • Released
Slide 22: Sustainability Benefits of Our Integrated Product Offering
Sustainability Benefits of For personal use only Our Integrated Product Offering DRILLING OPTIMISATION PRODUCTS ROCK KNOWLEDGE SENSORS REAL-TIME DATA AND ANALYTICS 21
Slide 23: Commitment to Technology Leadership
Commitment to Technology Leadership For personal use only TOTAL R&D SPEND* ($m) DISCIPLINED R&D 35 20% CAPITAL ALLOCATION 19% 18% 30 HORIZON 1 - Developing the next generation of our existing 17% product suite to maintain and grow our core market (impacting 16% revenues in current year) 25 15% 14% H
Slide 24: Our Product Development Process
Our Product For personal use only DISCIPLINED STAGE GATE DEVELOPMENT PROCESS Development Process PROJECT ENGINEERING COMMERCIAL PILOT END CONCEPT PRODUCTION PLANNING PROTOTYPE PROTOTYPE PRODUCTION OF LIFE “Our products are Concept Requirements Detailed design Commercial Minor product Full production
Slide 25: Sustainability Benefits of IMDEX Mining Technologies
Sustainability Benefits of IMDEX Mining Technologies For personal use only 24
Slide 26: Precision Mining and Automation
Precision Mining and For personal use only Automation Lock in Sustainable Improvement 25
Slide 27: Precision Mining and Our MINEPORTAL Software
Precision Mining and Our MINEPORTALTM Software For personal use only GRANULAR DATA TO SUPPORT MWD VISUALISATION IN MINEPORTAL PRECISION MINING OVERLAID WITH AUTO BUILT BLOCK-MODEL 26
Slide 28: Thought Leadership and External Memberships
Thought Leadership For personal use only and External Memberships We embrace the cooperative process to optimise the global mining industry and regularly contribute to industry events, publications and research projects. During “The commercialisation of home-grown innovation like the IMDEX FY22 we p
Slide 29: Environmental: FY22 Highlights and FY23 Targets
For personal use only Environmental FY22 Highlights and FY23 Targets Photo by David Flores – IMDEX Country Manager – Argentina 28
Slide 30: Environment
Environment For personal use only OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • Introduction of recyclable plastic • Develop an Environmental Contribute Climate packaging for fluids • Improved waste management at Policy • Measure baseline GHG Resilience, to a Low Operational new
Slide 31: Low Operational Emissions
Low Operational For personal use only Emissions 30
Slide 32: Materials and Packaging
Materials and Packaging For personal use only • Drilling Optimisation fluid products are principally made from natural products and less than 5% contain hydrocarbons • Drilling Optimisation products are available in recyclable cardboard and plastic pails (recycling code 2). • All recyclable componen
Slide 33: Sustainability Benefits of Our Solids Removal Units
Sustainability Benefits of Our Solids Removal Units For personal use only • Reduces water consumption, mud usage and cartage costs • Reduces wear and tear on drill components • Improves bit-on-bottom time • Eliminates the costs of digging sumps • Improves on-site health and safety, reducing slips an
Slide 34: Society: FY22 Highlights and FY23 Targets
For personal use only Society FY22 Highlights and FY23 Targets 33
Slide 35: Society
Society For personal use only OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • Economic value retained • Meet internal earnings Support Sustainable $71.2m growth targets Earnings Growth • Developed a Community • Implement Procurement Economic Local Support & Engagement Policy for re
Slide 36: Sustainable Earnings Growth
Sustainable Earnings Grow FY22 REVENUE GROWTH BY REGION For personal use only Sales in 100+ countries Economic value retained in FY22 $71.2m up 28% on pcp Tax strategy reviewed annually to ensure compliance and contributions in 22% countries we operate in 39% 70% of procurement budget from significa
Slide 37: Local Support & Engagement
Local Support & Engagement For personal use only 36
Slide 38: Governance: FY22 Highlights and FY23 Targets
For personal use only Governance FY22 Highlights and FY23 Targets 37
Slide 39: Governance
Governance For personal use only OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • Updated Modern Slavery • Refresh Sustainability Policy Uphold Corporate Statement • ESG Committee to become Governance & • Strengthened customer and sub-committee of Audit, Risk Ethical and Risk suppli
Slide 40: Anti-Corruption and Training
Anti-Corruption and Training For personal use only 39
Slide 41: Summary
For personal use only Summary 40
Slide 42: Summary
Summary For personal use only • We have made progress with our sustainability journey and are focusing on our own footprint to contribute towards net zero • Demand for critical metals for clean energy presents a significant opportunity • The mining industry is focusing on greater efficiencies to sup
Slide 43: Tony O'Neil, Anglo American quote
For personal use only "We need to get to the point where society views mining as necessary for the wellbeing of its own existence." – TONY O’NEIL, ANGLO AMERICAN 42
Slide 44: Thank you
Thank For personal use only you. For further information, please contact Kym Clements Investor Relations Officer kym.clements@imdexlimited.com