Slide 1: Brokers Presentation cover letter
6 September 2004 The Manager Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 BROKERS PRESENTATION Dear Sirs I attach a copy of the presentation to be made to brokers tomorrow in Melbourne and on Wednesday in Sydney. Yours faithfully Imd
Slide 2: What we do
Imdex Limited - FY04 Results Presentation: September 2004 What we do Key Management Strategy Worldwide Exploration Expenditure Current Operations: = oS) Australian Mud Company (i =o Surtran Technologies (Suntton) = Ace Drilling Supplies (Ace) te Imdex Minerals +5 Saudi Joint Venture a Financials: Pe
Slide 3: Divisional Revenue Performance
Imdex Limited - FY04 Results Presentation: September 2004 Divisional Revenue Performance O Vermicuiite 40.0 O Drilling Services @ Minerals Processing 35.0 @ Drilling Fluids, Tools and Equipment FY02 FY03 FY04 FYO2 Revenue excludes $4.85m from the Sais of AVI and $5.34m non pratit safes to Saudi JV I
Slide 4: Three Year Revenue and EBIT Trend; Key Management
Imdex Limited - FY04 Results Presentation: September 2004 Revenue Millions 345 - 340 - 335 330 325 320 315 310 $5 $04 increasing Three Year Revenue and EBIT Trend (underlying) mmm Total Revenue $39.8 y $4.5 —@—EBIT - pre adjustments ($0.29) + $4.0 + $3.6 + $3.0 + $2.6 + $2.0 + $1.5 p $4.0 + $6.5 + $
Slide 5: Strategy and Worldwide Exploration Spending
Imdex Limited - FY04 Results Presentation: September 2004 Transform a diverse local company int focused company providing drilling products & services to the oil & gas, mining, water well and Civil industries To provide a_ satisfac shareholders Ly Estimated Total Worldwide Exploration Spending {US$
Slide 6: Worldwide Exploration Spending by Region
Imdex Limited - FY04 Results Presentation: September 2004 Worldwide Exploration Spending by Region 2002- Y : 2003 ($US Millions) i HE Australie Canada United = Affics——Latin. —Paciie SE ResLof States Annies Asia Worl 2003 Exploration Spending - Top 10 Countries Argentina. ae Russia. 2% South Africa.
Slide 7: Australian Mud Company and Surtron Technologies
Imdex Limited - FY04 Results Presentation: September 2004 * 8 Upp chemicals and technical services to the mineral and gas, civil, water well, and horizontal direction industries increase in: EBIT in FY04 enjoys a substantial market share in Australia (80% in mining & water well) and exports‘to over
Slide 8: Ace Drilling Supplies
Imdex Limited - FY04 Results Presentation: September 2004 drilling consumables, down hole motors and ¢ hole cameras to the drilling industry in Australia 4, internationally Increased EBIT by 418% Experienced strong deman Management focused on sery Introduction of new produ:
Slide 9: Imdex Minerals and Saudi Joint Venture
Imdex Limited - FY04 Results Presentation: September 2004 operates a multi purpose industri: processing facility at Jandakot W.A, (on own tive main business units are: Toll Milling Custom Packaging Agricultural Products Sand/Gravel Packs Micaceous Iron Oxide (MIO) Problems experienced in FY04 stock/
Slide 10: Financials: Performance Summary and Balance Sheet
Imdex Limited - FY04 Results Presentation: September 2004 , EBITDA — pre adjustments Depreciation & amortisation ' Minerals = prior year write down | Minerals — current year write down — _ Saudi J/V write down i : Interest Taxation Receivables Inventories PPE Investment in Saudi Arabia Other Net Ass
Slide 11: Growth Strategy
Imdex Limited - FY04 Results Presentation: September 2004 Alliances Diversify into other markets in Australia and internationally Geographical Expansion New products Mergers & Acquisitions: industry = Australia and = tternationail os Expand sg work tn: Pilbara region of WA Offshore growth opportunit
Slide 12: Conclusion and FY05 outlook
Imdex Limited - FY04 Results Presentation: September 2004 Higher sales and improved marge expected to increase in EBIT of 25% in FY05 from underlying $4m in FY04 y Australian businesses strong and cue and imdex Minerals is being returned to profitability Imdex linked to resources/ Je Wh ey