Imdex Ltd · ASX:IMD

Imdex — Macquarie Australia Conference 2012

21 slides from Imdex's conference presentation, May 2, 2012

  1. Slide 1: ASX cover letter: Macquarie Australia Conference Presentation

    For personal use only 2 May 2012 Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sir/Madam Macquarie Australia Conference Presentation Please find attached the Macquarie Australia Conference Presentation release to be presented in Sydney today. Yours fa

  2. Slide 2: Imdex Limited Macquarie Australia Conference

    For personal use only Imdex Limited Macquarie Australia Conference Sydney – 2 May 2012 Providing Innovative Drilling Fluids and Advanced Down Hole Instrumentation Worldwide Macquarie Conference – 2 May 2012 1

  3. Slide 3: 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

  4. Slide 4: Overview

    Overview For personal use only  ASX listed industrial company (ASX: IMD), head office in Perth, WA  Market cap over $500 million; included in S&P/ASX 200 Index  Global operations – presence in all major mining regions, niche oil & gas markets (fluids), global oil & gas (instrumentation/services)

  5. Slide 5: Structured to meet client needs

    Structured to meet client needs For personal use only Providing Innovative Drilling Fluids and Advanced Down Hole Instrumentation Worldwide Macquarie Conference – 2 May 2012 4

  6. Slide 6: Key points

    Key points For personal use only  Record result for nine months to 31 March 2012  Combined revenue of $206.5 million, up 42% on pcp of $145.1m  Combined EBITA of $54.1 million, up 63% on pcp of $33.2m  Investing in organic expansion of drilling fluids business globally  Regionalised structure/c

  7. Slide 7: Revenue

    Revenue For personal use only Combined revenue * ($m) (Unaudited) 205.2 206.5 142.0 137.0 134.3 (Unaudited) FY08 FY09 FY10 FY11 9 mths to Mar 12 *Combined revenue includes Imdex share of DHS JV revenues (excludes other income and discounted operations) Providing Innovative Drilling Fluids and Advanc

  8. Slide 8: EBITA

    EBITA For personal use only EBITA * ($m) 54.1 48.1 (Unaudited) 38.8 (Unaudited) 24.5 20.7 FY08 FY09 FY10 FY11 9 mths to Mar 12 *Combined revenue includes Imdex share of DHS JV revenues (excludes other income and discounted operations) Providing Innovative Drilling Fluids and Advanced Down Hole Instr

  9. Slide 9: Minerals division

    Minerals division For personal use only Revenue * ($m)  9 months to 31 177.7 180.3 March 12 - up 44% on pcp  9 months 125.0 revenue > FY11 108.8 111.3  Further growth (Unaudited) (Unaudited) expected (Unaudited) Europe Asia Pacific Americas Africa FY08 FY09 FY10 FY11 9 mths to Mar 12 *Combined re

  10. Slide 10: Reflex rental fleet

    Reflex rental fleet For personal use only JUN 08 SEP 08 DEC 08 MAR 09 JUN 09 SEP 09 DEC 09 MAR 10 JUN 10 SEP 10 DEC 10 MAR 11 JUN 11 SEP 11 DEC 11 MAR 12  Seasonal low in Dec 11 above pre GFC peak  Strong bounce back followed  Reflex rental fleet should continue to win market share with the relea

  11. Slide 11: Oil & Gas division

    Oil & Gas division For personal use only Combined revenue * ($m)  9 months to 31 March 12 up 30% on pcp  Includes $4.4m from DHS JV. 28.0 27.5 US business performing strongly; 26.3 international „start up‟ expanding 23.0 into Latin America  AMC impacted by rig delays, 17.0 weather conditions and

  12. Slide 12: Solids Removal technology

    Solids Removal technology For personal use only Traditional drilling fluid sumps No sumps – fully enclosed system  Solids removal and fluid property management  Small environmental site footprint  Reduced site set up and remediation costs. Quicker to mobilise  Reduced water consumption  Less we

  13. Slide 13: Reflex EZ-Gyro

    Reflex EZ-GyroTM For personal use only  State of the art north seeking gyro  Underground operations, inside drill rods and casing  Transfers data to simple hand held device – no need for laptops  Eliminates the need for service provider or technician onsite  Aiming to release to the market in 1

  14. Slide 14: Reflex Smart Barrel

    Reflex Smart Barrel recovers core through deviated section Core recovered For personal use only 30 m, 5 g/t Au Ore body Ore body Corrected Uncorrected Main Ore Corrected Main Ore Uncorrected Path Path body Path body Path Current practice using Reflex Smart Barrel down hole motor Providing Innovative

  15. Slide 15: DHS Energy Services (incl. Vaughn)

    DHS Energy Services (incl.Vaughn) For personal use only  Third largest global provider in the US$400m-US$500m O&G down hole survey market  Strongly performing business in US onshore O&G market, representing approximately one third of the global market  Building international business, based in th

  16. Slide 16: Key business drivers & outlook

    Key business drivers & outlook For personal use only Mineral exploration Robust commodity prices. Exploration activity & spend estimated spend at unprecedented levels Client rig utilisation % Full drill rig utilisation levels in some regions – Central/West Africa, Latin America Level of tool rentals

  17. Slide 17: Estimated global exploration spend (non-ferrous)

    Estimated global exploration spend 22.5 (non-ferrous) (US$Bn) 20.8 For personal use only 20.0 20.4 19.3 18.2 18.0 17.1 13.2 11.5 10.4 7.5 7.7 5.2 5.1 4.6 3.5 3.7 3.5 2.5 2.9 2.8 2.6 2.2 1.9 2.4 93 94 95 96 97 98 99 2000 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 Source: Metals Economics G

  18. Slide 18: Gold discoveries v spending

    Gold discoveries v spending For personal use only  Despite spending increase, # of world class discoveries (>2m ozs) declined markedly (Number of discoveries)  10-14 years from discovery to (US $ m) production for the average gold project 90 91 92 93 94 95 96 97 98 99 ‘00 01 02 03 04 05 06 07 08 0

  19. Slide 19: Copper discoveries v spending

    Copper discoveries v spending For personal use only  # of world class copper discoveries (>0.5m tonnes) declined markedly in recent years despite massive increases in (Number of discoveries) expenditure  Discovery to production for the (US $ m) average copper project is 20 years 90 91 92 93 94 95

  20. Slide 20: Oil & Gas supply & demand

    Oil & Gas supply & demand For personal use only  Explosion in E&P capex from $130bn to $545bn between Oil production (million bbl/d). Oil price $/bbl 140 600 550 2000 to 2011 120 500  Up to $600bn in 2012 (E&P expenditure in $billions) 450 100 400  Driven by: 350 80  high prices 300 60 250  the

  21. Slide 21: Summary

    Summary For personal use only Financial results:  Record revenue and profit levels; 9 months to March 12 > FY11  Minerals business performing well and delivering strong margins  Robust mining tool rental numbers to March 12 and further increases expected in 4Q12  Strong balance sheet with comfor

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