Orica — Merger or Acquisition (April 2003)

5 slides from Orica's merger presentation, Apr 1, 2003

Slide 1: Acquisition of minority interests in Initiating Explosives Systems Pty Ltd
P } ORICA SD MINING SERVICES Acquisition of minority interests in Initiating Explosives Systems Pty Ltd
Slide 2: IES
IES e Largest Initiating Explosives Systems (IES) manufacturer in Australia - Manufacturing: Deer Park (Victoria) and Helidon (Queensland) - Products: Non-electric detonators, shock tube, cord, primers/boosters - 12.5M detonators pa - 16M metres of cord pa 3.2M Boosters e 230 employees e 70% Orica,
Slide 3: IES Financials and the transaction
be) ORICA PSUS WINING SERVICES IES Financials: e Sales $52M e EBIT $11M e Assets $30M e RONA >35% The transaction: e Purchase of Ensign Bickford’s 30% interest in IES e Acquisition price: $16M e Completion: April 2003
Slide 4: Why the acquisition makes sense for Orica: Strategic
be) ORICA FEES WINING SERVICES Why the acquisition makes sense for Orica Strategic e Australia Asia Mining Services: _ #1 position in explosives in Australia/Asia -~ exceeds Orica performance measures - track record of year on year earnings growth - “earned the right to grow” e 100% ownership of IES
Slide 5: Why the acquisition makes sense for Orica: Financial
SS) MINING SERVICES Why the acquisition makes sense for Orica Financial e EPS positive e Transaction exceeds RONA target « Efficiencies $1M + future benefits from global IS optimisation e Lowrisk value creation - full ownership of a quality business - efficiencies quickly realisable - under manageme