Slide 1: Imdex Limited 1H17 Financial Results
Imdex Limited 1H17 Financial Results 20 February 2017 For personal use only 1 / IMDEX LIMITED
Slide 2: For personal use only
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. Our technologies provide geological information in real-time or near real-time, supporting cr
Slide 3: 1H17 Overview
1H17 Overview For personal use only • Safety performance consistently better than industry • Divestment of AMC Oil & Gas benchmarks • Increased activity globally and ongoing demand for • Board renewal – Chairman Anthony Wooles (July 16) technologies and Non-Executive Director Sally-Anne Layman (Feb
Slide 4: 1H17 Key Metrics
1H17 Key Metrics For personal use only $MILLIONS UNLESS INDICATED OTHERWISE 1H17 1H16 VAR VAR% Statutory revenue 81.8 74.5 7.3 10% EBITDA 14.5 8.6 5.9 69% EBITDA from continuing operations 13.5 10.9 2.6 24% NPAT -9.8 1 -1.4 -8.4 -613% EPS (cents) -3.40 1 -0.58 -2.82 -486% Operating cash flow (prior
Slide 5: Balance Sheet & Working Capital
Balance Sheet & Working Capital For personal use only $MILLIONS UNLESS INDICATED OTHERWISE 31 DEC 2016 30 JUN 2016 Cash 16.8 13.0 Receivables 33.7 28.8 ($M) Inventory 26.7 27.4 14.5 (1.0) Assets held for sale - 3.2 (1.7) Fixed assets 33.7 38.2 Intangibles 61.0 60.9 (2.0) 9.8 Other assets / deferred
Slide 6: 1H17 Market Update
For personal use only 1H17 Market Update • Increased activity in the minerals sector – particularly • Miners and exploration companies have increased in Canada, Latin America, West Africa and Australia budgets for the next 12 months • Activity uplift initially associated with stronger gold • Mining
Slide 7: 1H17 Market Update
1H17 Market Update For personal use only Worldwide Exploration Budgets Calendar 2016 Customer Project Phase Commodity Principally mid –tier/major resource companies Balanced exposure to project phase Diverse mix – primary exposure to gold & copper Base Metals 31% 8% Majors 28% 22% Gold 35% 26% Mine
Slide 8: 1H17 Revenue by Region ($millions)
1H17 Revenue by Region ($millions) For personal use only 90 80 8.2 70 7.5 60 28.8 25.5 50 40 1H17 10% 30 32.9 30.6 20 8 / IMDEX LIMITED 10 10.9 11.9 0 1H16 1H17 Africa Americas Asia Pacific Europe
Slide 9: Key REFLEX Instruments on Hire
Key REFLEX Instruments on Hire (Number of units) For personal use only 3000 2500 20% 2000 1H17 1H16 1500 1000 500 0 • As more rigs return to work, additional instrumentation is • Demand increased for traditional survey and core required – all commodities instrumentation, together with more recent te
Slide 10: Leading Technologies
For personal use only Leading Technologies 10 / IMDEX LIMITED
Slide 11: Strategic Update
Strategic Update For personal use only • Maintain market leadership position and continue • Expand and diversify global client base – to innovate new exciting technologies resource companies, drillers and service companies • Leverage first mover advantage – cloud solutions, connectivity and establis
Slide 12: Summary & Outlook
Summary & Outlook For personal use only • Stronger balance sheet – ability to drive business growth • Early stages of a cyclical upswing with operational leverage • $30 million Bankwest facility in place with lower costs • Major, intermediate and junior companies well funded • Bain Capital facility
Slide 13: Appendices
For personal use only Appendices 13 / IMDEX LIMITED
Slide 14: Established Global Business
Established Global Business For personal use only 14 / IMDEX LIMITED
Slide 15: Imdex Solutions
Imdex Solutions For personal use only • Together REFLEX and AMC provide real-time sub surface intelligence solutions • Unique competitive advantage • First-mover advantage as industry leader • Sophisticated proprietary technologies • Clients – principally drilling contractors and resource companies
Slide 16: Diversified Client Base
Diversified Client Base For personal use only (sample only) 16 / IMDEX LIMITED
Slide 17: 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 18: 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