Imdex Ltd · ASX:IMD
Imdex — 4th Annual Citigroup Micro-Cap Conference 2006
13 slides from Imdex's conference presentation, Apr 4, 2006
Slide 1: ASX cover letter for conference presentation
4 April 2006 The Manager Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sirs PRESENTATION I attach a copy of the presentation to attendees of the 4° Annual Citigroup Micro-Cap Conference today in Sydney. Yours faithfully Imdex Lim
Slide 2: Imdex Limited – Citigroup 4th Annual Micro-Cap Conference
IMDEX LIMITED “Australia’s Global Drilling Products & Services Company” citigroupl 4th Annual Micro-Cap Conference Sydney April 2006
Slide 3: Company Overview
COMPANY OVERVIEW. = Imdex is a Perth based listed company specialising in supplying drilling products and services to the mining, oil & gas, water well and civil industries in Australia and internationally "Market leader status in many of our disciplines « Rationalisation of the Group continued with
Slide 4: Drilling Fluids & Chemicals
DRILLING FLUIDS & CHEMICALS = Drilling Fluids are required to keep the hole open, cool and lubricate the drill bit and return cuttings to surface. =* Servicing mining, oil & gas, water & civil industries in Australia & internationally (Asia-Pacific, Sth America, Eastern Europe) . Acquisition of Samc
Slide 5: Drilling Products & Services
DRILLING PRODUCTS & SERVICES Services include: = Steering business (STIS) focused on CBM industry in Australia (CH4), USA, UK. Additional growth prospects in China & India = Geophysical Logging based in Pilbara for Iron Ore industry (BHP Billiton, Rio Tinto) ~ increased capacity & rates “a. Down-hol
Slide 6: Highlights for 1H06
HIGHLIGHTS for 1HO6 = Operating revenue up 38% = Net Profit up by 133% = Operating cash flow-up 83% i, Earnings per share up 124% to 2.59 cents per share = Interim fully franked dividend of 1 cent per share » Bank debt repaid = Robust cash position at 31 December 05 and strong ongoing cash flow “Aus
Slide 7: Sales Revenue
SALES REVENUE December 2005 $'000 December 2004 $'000 Qi* Q2 Half |increase} Q1* Q2 Half Drilling Fluids & Chemicals Australian Mud Company 6,269 7,589 13,858] 32% 5,889 4,571 10,459 Samchem . 2,569 1,924 4,493 Drilling Products & Services ~ Surtron . : 3,240 3,625 6,865] 53% 2,081 2,400 4,481 Ace D
Slide 8: Revenue & EBIT by Division
REVENUE & EBIT BY DIVISION Sales by Division Samchem 15% Australian Mud Company 45% Other Ace Drilling Supplies 16% 2 Drilling Fluids & Chemicals Segment EBIT by Division Samchem 5% Australian Mud Surtron Company 26% 44% Ace Drilling Supplies 25% Drilling Products & Services Segment “Australia’s Glo
Slide 9: Results Summary
RESULTS SUMMARY 2005 2004* % Half Year en 1 December ($' ; : alf Year ended 31 December ($'000) $000 $'000 Change Revenue 30,191 21,892 38% EBITDA 5,419 2,824 92% EBIT...: : 4,376 2,193 100% Net Profit after Tax 3,176 1,363 133% Operating Cash Flow 3,260 1,784 83% Earnings Per Share 2.59 ¢ 1.16 ¢ 12
Slide 10: Balance Sheet
BALANCE SHEET 31-Dec-05 | 30-Jun-05 $'000 $'000 Cash 4,694 103 Receivables ; 15,206 13,920 Inventory 9,060 8,356 Property, plant & equipment 8,042 5,890 Intangibles ; 4,141 12 Financial assets 1,400 1,475 Other.assets 710 577 Non current assets held for sale - 5,125 Total assets 43,253 35,458 Payabl
Slide 11: Imdex Snapshot
IMDEX SNAPSHOT Key Measures Current Share Price 44.00 ¢ Number of shares 139.43 m Market capitalisation 61.35 m EBITDA 5.42 m Depreciation & amortisation (1.04) m EBIT. 4.38 m NPAT 3.18 m Basic earings per share 2.59 ¢ Earnings per share growth 124% Dividend per share 1.00 ¢ Dividend yield 2% 103 la
Slide 12: Outlook
OUTLOOK = Global mining expenditure rising strongly and likely to remain strong after a number of years of under — investment = Continuing strong operating conditions in energy sectors ". Early months of 2H06 has continued momentum of 1H06 is Full year result forecast to be significantly above FY05
Slide 13: Global Exploration Higher
GLOBAL EXPLORATION HIGHER Estimated Exploration Spend Worldwide (Australia plotted separately) $6.0 + Forecast 8 £ Worldwide Spend ($US billions) PA PA N & Oo OQ 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 @ 1993 @ 1994 m 1995 @ 1996 @ 1997 @ 1998 B 1999 @ 2000 @ 2001 B 200
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