Slide 1: 1H16 Financial Results Presentation
For personal use only 1H16 Financial Results Presentation 15 February 2016 1
Slide 2: 1H16 Key Metrics
1H16 Key Metrics For personal use only AMC Oil & Gas and Imdex’s share in VES are now classified as Assets Held for Sale. • 1H15 result of $22.1m includes profit on sale of remaining investment in SEH, together with provisions in relation to the product containment incident, as announced to the mark
Slide 3: 1H16 Revenue
1H16 Revenue For personal use only Discontinued operations includes AMC Oil & Gas Oil & Gas R&D now forms part of minerals product development – continuing operations 3
Slide 4: 1H16 Normalized EBITDA
1H16 Normalized EBITDA For personal use only Discontinued operations includes AMC Oil & Gas 4 EBITDA comparatives excludes the contribution from VES to allow ease of comparison
Slide 5: 1H16 EBITDA Segment Result
1H16 EBITDA Segment Result For personal use only * Oil & Gas R&D now forms part of minerals product development – continuing operations ** At 30 June 2015 VES was reclassified to Assets Held for Sale 5
Slide 6: Balance Sheet
Balance Sheet For personal use only * Bank loans of $54m (fully drawn) les borrowing costs / warrants / foreign exchange revaluation of $13.9m ** Excludes Assets Held for Sale (includes AMC Oil & Gas and 30.65% of VES) 6
Slide 7: Working Capital Management
Working Capital Management For personal use only * Includes the final settlement payment for the product containment incident and the balance of costs associated with the FY15 impairment and provisioning. ** Includes interest and other financing costs. 7
Slide 8: Operational Overview
For personal use only Operational Overview 8
Slide 9: Minerals – Update and Strategy
Minerals – Update and Strategy For personal use only Financial 1H16 revenue increased 4% to $74.5m (1H15: $71.3m) Update 1H16 EBITDA increased 17% to $14.2m (1H15: $12.1m) Increased rentals and revenues Operational Decrease in exploration expenditure in key markets – increase in low-risk drilling Up
Slide 10: Minerals Revenue – Regions
Minerals Revenue – Regions For personal use only Gaining market share in the Americas 10
Slide 11: Minerals – Barometer
Minerals – Barometer For personal use only Number of Instruments on Rent – 1H16 Average up 6% on 1H15 Seasonal factors: April / May 2015 change over from winter to summer drilling programme in North America; December – January traditional holiday shutdown Customer Project Phase Commodity Principally
Slide 12: Reflex HUB – increasing efficiencies
Reflex HUB – increasing efficiencies For personal use only 12
Slide 13: Oil & Gas – Update and Strategy
Oil & Gas – Update and Strategy For personal use only 1H16 revenue of $16.8m (1H15: $30.1m) 1H16 EBITDA loss of $2.3m (1H15: a loss of $1.0m*) Divestment of oil and gas assets Strategy Proceeds will be applied to debt reduction and working capital Progress on AMC Oil & Gas – global M&A firm, Simmons
Slide 14: Summary
Summary For personal use only 1H16 minerals revenue increased by 4% and EBITDA increased by 17% Progressing divestment of oil and gas assets Proceeds will be applied to debt reduction and working capital 1H16 & Key Areas Heightened focus on improving and growing the minerals business of Focus Focusi
Slide 15: Appendices
For personal use only APPENDIX Appendices 15
Slide 16: Company Snapshot
Company Snapshot For personal use only Corporate Information Share Register – Dec 2015 Analysis of top 75% of shareholders as at 31 December 2015 ASX Listed IMD Share Price (31 Dec 2015) A$ 0.20 Institutional Investors Issued Shares m 248.6 Market Cap (31 Dec 2015) A$m 49.7 Directors, Employees & Ca
Slide 17: Global Business
For personal use only Global Business
Slide 18: Business Overview – Minerals
Business Overview – Minerals For personal use only Product / service Downhole instrumentation Drilling fluids & chemicals offerings In field geoanalysis Solids removal units Data collection & management software Geoscientific data analysis software Target markets Drilling contractors Drilling contra
Slide 19: The REFLEX Story
For personal use only The REFLEX Story
Slide 20: The REFLEX Story
For personal use only The REFLEX Story
Slide 21: The REFLEX Story
For personal use only The REFLEX Story 21
Slide 22: The REFLEX Story
For personal use only The REFLEX Story 22
Slide 23: The REFLEX Story
For personal use only The REFLEX Story 23
Slide 24: REFLEX – Blue Chip Customers
REFLEX– Blue Chip Customers For personal use only 24
Slide 25: SRU Growth Drivers and Benefits
SRU Growth Drivers and Benefits For personal use only Unique sump-less technology Increasing adoption of the SRU technology in the US and Europe Increasing environmental regulation & awareness Increasing focus on reduction of cost, increasing drilling efficiency and improving safety of personnel Red
Slide 26: 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