Korvest Ltd. · ASX:KOV

Korvest — Investor Presentation (October 2006)

25 slides from Korvest's investor presentation, Oct 10, 2006

1. Slide 1: Korvest Ltd Investor Presentation

   KORVEST LTD Investor Presentation Ric Gros Managing Director korvest galvanisers

2. Slide 2: Financial Highlights

   Financial Highlights 2006 2005 % Change Revenue 40,870 32,162 + 27.1 EBIT 5,590 3,999 + 39.8 EBT 5,978 4,433 + 34.9 PBT 4,122 3,061 + 34.7 EPS 48.4 36.1 + 34.1 DPS 25.0 21.0 + 19.0 Cash from 17 2,662 - 99.4 Operations Prior year adjusted for Impact of AIFRS adoption korvest galvanisers

3. Slide 3: Share Price

   Share Price q é ) , i n | das aes tid a el Ce ee na Hs aR a E Bed l ! PS se BE be 2 he Marne $3 Alabs Be, Feber Su et si S ea coe ae et korvest galvanisers

4. Slide 4: ROA

   ROA $4.12 22.1% 16.3% 17.3% T3.4% korvest galvanisers

5. Slide 5: Incorporated in 1970 as Kia Ora Investments Ltd

   * Incorporated in 1970 as Kia Ora Invesiments Lid — Main activities — maintaining share registers and providing managerial services for mining companies and share trading * 1973 purchased 33% share in Eglinton Galvanising works * 1979 changed name to Korvest Ltd + 1980 Korvest purchased remaining %

6. Slide 6: History cont.

   History cont. * 1980-2000 — Acquired and disposed of many businesses — Industrial doors, grilles and remote controls — General jobbing sheet metals — Air diffusion equipment — Fire Dampers and Stove Flues — Power Generation Equipment — Office Storage Systems * 1983 consolidated into premises at Kilb

7. Slide 7: Korvest today

   Korvest today Korvest Galvanisers Hot Dip Galvanisers and Grating Products www.korvest.com.au EzyStrut - — (2 Cable and Pipe Support Syste korvest galvanisers

8. Slide 8: Ezy-Strut

   Ezy-Strut } ¢ Leading manufacturer of cable and pipe support systems used throughout commercial and industrial buildings, infrastructure and mining « Products include — Channel — Fasteners — Cantilever Brackets — Accessories — Tray Systems — Steel & Aluminium Cable Ladders — Covers korvest galvanise

9. Slide 9: Products

   Products korvest galvanisers

10. Slide 10: Customers

    Customers ¢ Electrical Wholesalers — Hagemeyer (L & H) — Rexel — MM Electrical * Electrical Contractors—ProjectWork — Adelaide Airport Project 2 — Lane Cove Tunnel — Hail Creek — LNG korvest galvanisers

11. Slide 11: Competitors

    Competitors * Unistrut ©» | ._. ¢ Phoenix ¢ Kounis (WA) *Cabac ¢ Flexistrut 2 korvest galvanisers

12. Slide 12: Strong infrastructure, mining and non residential commercial activity

    * Strong infrastructure, mining and non residential commercial activity providing high growth in most states « Margins impacted by steel prices but managed to date « Customer service focus driven « Further product range diversification providing growth opportunities | * Investment in inventory and w

13. Slide 13: Mal

    Mal korvest galvanisers

14. Slide 14: Korvest Galvanising

    Korvest Galvanising : * Operates one of Australia’s largest baths — 14m long, 2.2m deep, 1.6m wide — Holds 300t of molten zinc * Manages a small spinning shop to galvanise castings, washers, nuts - & bolts * Fabricates grating products and supplies stanchions and other a grating accessories : korves

15. Slide 15: What is Galvanising?

    What is Galvanising? * A process that is applied to steelwork so that the product is:- — Corrosion protected — More durable — Has a superior finish — Has prolonged performance korvest galvanisers

16. Slide 16: Product is dipped in a series of chemical baths

    * Product is dipped in a series of chemical baths and then rinsedas_ —_| follows:- : — Caustic — to clean the steel of grease, strip paint etc — Pickle — Hydrochloric acid used to take away all rust. — Flux — Zinc Ammonium Chloride that coats the steel to assistin _ the Galvanising process — Zinc ba

17. Slide 17: Customer brings product in

    ¢ Customer brings product in ¢ Product is loaded onto jigs korvest galvanisers

18. Slide 18: _— a ei

    _— a ei korvest galvanisers

19. Slide 19: korvest galvanisers

    korvest galvanisers

20. Slide 20: ile

    ile i korvest galvanisers

21. Slide 21: Product is fettled

    * Product is fettled — to remove any excess zinc, uneven surfaces, touch ups ¢ Product is ready for collection by customer korvest galvanisers

22. Slide 22: Customers

    Customers | * Steel Fabricators ¢ Structural Builders / Construction groups * Wineries * Hills group companies °° OEMS - ETSA (Stobie poles) , korvest galvanisers

23. Slide 23: Competitors

    Competitors : * Adelaide Galvanisers = * GB Galvanizing (Vic) ¢ Industrial Galvanisers * Paint ¢ Powder Coating korvest galvanisers

24. Slide 24: Galvanising Situation Analysis

    Galvanising- Situation —_ Analysis | ¢ Heavily impacted by increasing zinc prices ¢ Large investment in plant to increase capacity and drive l productivity improvements ¢ Further product diversification a growth opportunity ¢« Customer service focus driven korvest galvanisers

25. Slide 25: Centralised accounting and administration functions

    ¢ Centralised accounting and administration functions for both divisions ¢ Centralised Engineering and maintenance resources across Kilburn site * Focussing on acquisition and growth opportunities korvest galvanisers

Korvest — Investor Presentation (October 2006) on 6ix