Imdex Ltd · ASX:IMD
Imdex — Macquarie Australia Conference 2022
36 slides from Imdex's conference presentation, May 4, 2022
Slide 1: Macquarie Australia Conference 2022 Presentation
4 May 2022 Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sir/Madam Macquarie Australia Conference 2022 Presentation Please find attached the Macquarie Australia Conference 2022 Presentation to be presented later today. Authorised by Michael Tomasz Com
Slide 2: Macquarie Australia Conference 2022
INIDEX Presentation Macquarie Australia Conference 2022 4 MAY, 2022 PAUL HOUSE - CEO ™ PAUL EVANS - CFO CN © IMDEX LIMITED
Slide 3: Forward Looking Statements
FORWARD LOOKING STATEMENTS THIS PRESENTATION MAY CONTAIN CERTAIN FORWARD-LOOKING STATEMENTS" AND PROJECTIONS PROVIDED BY OR ON BEHALF OF IMDEX LIMITED (IMDEX). FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY THE USE OF FORWARD LOOKING WORDS SUCHAS, ‘EXPECT’, ‘ANTICIPATE,, ‘LIKELY’, ‘INTEND
Slide 4: IMDEX is a leading global Mining-Tech company
IMDEX IS A LEADING GLOBAL MINING-TECH COMPANY. WE ENABLE CLIENTS TO FIND, DEFINE AND MINE OREBODIES WITH PRECISION AND AT SPEED.
Slide 5: Presentation Overview
Slide 6: Business Update
BUSINESS UPDATE
Slide 7: Strong Core Business in All Market Conditions
Strong Core Business in All Market Conditions IMDEX A STRONG FINANCIAL PLATFORM EBITDA margin expansion YOY Strong operational cash generation with ability to reinvest Net cash position People light, asset light OUTPERFORMING INDUSTRY GROWTH 5-year revenue CAGR 15% 5-year EBITDA CAGR 24% Core busine
Slide 8: Our Integrated Solutions
Our Integrated Solutions Drilling Optimisation Products Rock Knowledge Sensors Real-time Data and Analytics Our Drilling Optimisation suite of products enhance drilling productivity while improving safety and the impact on the environment Our best-in-class sensors originate critical data on the four
Slide 9: Our Integrated Rock Knowledge Engine
Our Integrated Rock Knowledge Engine Timely information for critical decision making }--> QUALITY DATA @------------ + Industry leading sensors * QA/QC at point of data collection + Digital workflows remove risk of human error * Aland machine learning remove human subjectivity REPRESENTIVITY @------
Slide 10: Our Opportunity to Provide Value Upstream
Our Opportunity to Provide Value Upstream IMDEX ays _ Rock __ Drilling = Knowledge Optimisation _ Sensors fa) . wht Real-time Data = and Analytics Applicable across whole mining awcen oN EXPLORATION RESOURCE PRE FEASIBILITY FRAGMENTATION MINING STOCK PILING PROCESSING DELINEATION AND BLENDING Opport
Slide 11: A Stronger Revenue Profile
A Stronger Revenue Profile IMDEX 4 SENSORS & SOFTWARE 4 PRODUCTION EXPOSURE 4 AMERICAS BROAD COMMODITY EXPOSURE 10% 20% 44% oy x 35% 34% - Se5 90% Pon 56% 41% 39% 47% 45% 3% FYI7 1H22 FY17 1H22 FY17 1H22 FY17 1H22 I SALES EXPLORATION & DEVELOPMENT iy AMERICAS EUROPE/ IB GoLD [mj IRON ORE (NEAR MINE)
Slide 12: Building On Our SaaS Revenue Model
Building On Our SaaS Revenue Model IMDEX za Real-time hi Data and — Analytics IMDEX SENSORS CONNECTED TO IMDEX HUB-IQ™ PREMIUM IMDEX HUB-IQ™ MODULES RENTAL PER MONTH RENTAL PER MONTH + SUBSCRIPTION FEES Access to real-time data Mineralogy and analytics for detailed alteration and geomet modellin; Ri
Slide 13: Customer Feedback
CUSTOMER FEEDBACK PROJECT ENGINEERING COMMERCIAL PILOT CONCEPT PRODUCTION END OF LIFE PLANNING PROTOTYPE PROTOTYPE PRODUCTION
Slide 14: Industry Update
INDUSTRY UPDATE 13
Slide 15: Around Our Grounds
Around Our Grounds IMDEX 3Q22 REVENUE GROWTH BY REGION ON PCP (UNAUDITED) NORTH AMERICA Strong client activity and demand, notably in Canada SOUTH AMERICA Increasing client activity and strong demand for fluids AFRICA Increasing client activity and increasing demand for fluids EUROPE Steady client a
Slide 16: Short-term Market Constraints
Short-term Market Constraints IMDEX IMDEX ESTIMATED RIG UTILISATION % AT APRIL 2022 LIMITED ACCESS TO MINE SITES CORING (SURFACE & UNDERGROUND) AND RC RIGS Trials of new products impacted, including the IMDEX Flexidrill technologies under development SKILLED LABOUR Client productivity impacted by av
Slide 17: Strong Industry Fundamentals Remain
Strong Industry Fundamentals Remain Strong commodity prices driven by increasing demand and diminishing reserves Increasing demand for battery metals Strong capital raisings across all commodities! Exploration spend profile is shifting? Increasing demand for secure real-time rock knowledge data and
Slide 18: Quotes on exploration investment needs
"Ten years ago, we were saying that the 15 to 20-year timeline was looking bleak. Now we're saying, 'Oh boy, in five to 10 years, things can get rough. “Investment needs to increase and it needs to increase beyond what we were spending during the last boom in exploration." KEVIN MURPHY S&P GLOBAL CO
Slide 19: Growth Strategy
GROWTH STRATEGY 18
Slide 20: Four Compelling Drivers
Four Compelling Drivers IMDEX 1. TECHNOLOGY LEADERSHIP Targeted R&D to win market share 3 IMDEX INTEGRATED SOLUTION SALES Optimised solutions for orebodies to maximise client value and IMDEX revenue earned CORE BUSINESS. MARKET EXTENSION NEW PRODUCTS, NEW PRODUCTS, 2 EXTENSION INTO MINING ” FA SENSO
Slide 21: Extension into Mining Production
Extension into Mining Production IMDEX DRILLING OPTIMISATION PRODUCTS * BHS isa higher margin fluid product to stabilise blast holes ¢ Further BHS trials are underway with underground commercial prototypes in Africa, Asia and Australia * Opportunities exist for surface applications with BHS ROCK KNO
Slide 22: Digital Transformation
Digital Transformation IMDEX OPTIMISING OUR COST TO SERVE, ENHANCING CUSTOMER EXPERIENCE AND BUILDING SCALABLE SYSTEMS DIGITAL 1.0 (FY19 - FY21)* DIGITAL 2.0 (FY22 - FY24)" Global digital revenue Global digital revenue platform for sensors platform for sales and software HRIS platform eCommerce capa
Slide 23: Focus Areas & Outlook
FOCUS AREAS & OUTLOOK
Slide 24: Key Focus Areas and Operational Initiatives
Key Focus Areas and Operational Initiatives IMDEX PROTECTING OUR PEOPLE AND DEVELOPING OUR TEAM ENSURING CONTINUITY OF SUPPLY AND SERVICE DELIVERY FUTURE-PROOFING OUR REVENUE PROFILE WITH INCREASED INVESTMENT IN IMT AND SOFTWARE A DISCIPLINED AND STRATEGIC REVIEW OF OUR OPERATIONS AND PRODUCT PORTFO
Slide 25: Outlook
Outlook IMDEX POSTIVE INDUSTRY FUNDAMENTALS REMAIN Strong growth drivers Pace of growth tempered by short-term constraints STRONG IMDEX CORE BUSINESS 3Q22 revenue (unaudited) up 29% on 3Q21 In a stronger position to respond to supply chain pressures and demand Well positioned to benefit from increas
Slide 26: Mining is essential to every aspect of modern life
“We believe mining is essential to every aspect of modern life. Our opportunity is to change the global minerals industry forever.”
Slide 27: Appendices
Appendices IMDEX’
Slide 28: Positioned to Deliver Attractive Returns
Positioned to Deliver Attractive Returns “ail STRONG CORE -----------------+ BUSINESS + Outperforming market growth + Strong financial platform +» Sustainable dividend policy +» Established global presence * World-class R&D and geoscience capabilities ¢ Unique product offering - Experienced leadersh
Slide 29: Our Board of Directors
Our Board of Directors IMDEX COMMITTED TO DRIVING SUSTAINABLE GROWTH Ms Sally-Anne Layman Mr Kevin Dundo Mr Anthony Wooles Mr Ivan Gustavino Ms Trace Arlaud Non-Executive Director Non-Executive Director Non-Executive Chairman Non-Executive Director Non-Executive Director 28
Slide 30: Executive Leadership Committee
Executive Leadership Committee Paul House Paul Evans Shaun Southwell CEO CFO Chief Operating Officer 4 John Hickey Dave Lawie Michael Tomasz Chief Technology Chief Geoscientist / IMDEX Officer Chief Technologist General Counsel - Mining Solutions Michelle Carey Chief of Product Management and Market
Slide 31: Our Established Global Business
Our Established Global Business IMDEX a 7 2 J a *e 1 as a Anse f a “et ait OPERATING IN a « + wake . if te of! ‘te aa rN ALL KEY MINING sritherd Con “4 ae ty ae REGIONS OF a East Sussex-UK * Rstede -Ger ‘a THE WORLD Vancouver - Cana a a wa” nm 4 a Salt Lake City - SALES IN San Luis Obispo - U. 100 j
Slide 32: Drilling technologies and services overview
3rd party software Satellite technology REPORTING EDUCATION & TRAINING DRILLING TECHNOLOGIES Daily Drill Report Online learning COREVIBE™ XTRACTA™ STRUCTURAL IN-FIELD GEOANALYSIS aiSIRIS MAGHAMMER™ AMC BOS™ Sample IQ-LOGGER™ preparation IMDEX ioGAS™ (Analysis) DIRECTIONAL DRILLING FLUID OPTIMISATION
Slide 33: Our Collaborative Ecosystem
Our Collaborative Ecosystem HISTORICAL OUR BUSINESS CURRENT LINEAR __ ------------- > MODELIS) -—— -------- - TRIPARTITE RELATIONSHIP STRENGHTHENING RELATIONSHIP RESOURCE RESOURCE COMPANIES COMPANIES 20% 100% of drilling of our revenue ! oo H ' companies currently comes : revenue comes fromresource
Slide 34: Why Real-time Rock Knowledge is Important
Why Real-time Rock Knowledge is Important IMDEX Rock knowledge is an | We enable the timely delivery MANY SBN MINING INVESTMENT understanding of location, | of quality data, giving clarity on DECISIONS ARE MADE HAVING texture, grade and mineralogy. the nature of the rock to allow 10 10 . tae SAMPAED
Slide 35: IMDEX Employee Value Proposition
IMDEX Employee Value Proposition IMDEX ‘ ‘ ' REMUNERATION ' BENEFITS ' WORKPLACE REFLECTING BUSINESS ' TANGIBLE AND INTANGIBLE ' AN ENVIRONMENT THAT REQUIREMENTS, STRATEGIC! OFFERINGS THAT REPRESENT H SUPPORTS ENGAGEMENT MILESTONES AND MARKET ' IMDEX'S BRAND AND SUPPORT ' AND PRODUCTIVITY PRACTICES
Slide 36: Exploration & Development
EXPLORATION & DEVELOPMENT MINING | DRILLING OPTIMISATION PRODUCTS co] ROCK KNOWLEDGE SENSORS REAL-TIME DATA & ANALYTICS