Imdex Ltd · ASX:IMD
Imdex — Non-Deal Roadshow (October 2014)
36 slides from Imdex's roadshow presentation, Oct 17, 2014
Slide 1: Cover letter: East Coast Roadshow
216 Balcatta Road, Balcatta Western Australia 6021 PO Box 1262, Osborne Park Western Australia 6916 Tel: +61 (0) 8 9445 4020 Fax: +61 (0) 8 9445 4042 imdex@imdexlimited.com www.imdexlimited.com ABN 78 008 947 813 For personal use only 17 October 2014 Company Announcements Office ASX Limited Exchange
Slide 2: Investor Presentation October 2014
For personal use only Investor Presentation October 2014 1
Slide 3: Agenda
Agenda For personal use only 1Q15 SNAPSHOT BUSINESS OVERVIEW – MINERALS AND OIL & GAS OPERATIONAL UPDATE 1Q15 TECHNOLOGY LEADERSHIP REFLEX HUB OIL & GAS DIVISION SUMMARY APPENDICIES
Slide 4: 1Q15 Snapshot
1Q15 Snapshot For personal use only • Maintaining & gaining market share through technological leadership • Diversifying customer base – non-mining applications & resource companies Strategic • Building a broad based & resilient business & increasing annuity style revenue • Industry diversification
Slide 5: Business Overview – Minerals
Business Overview – Minerals For personal use only Product / service Downhole instrumentation Drilling fluids & chemicals offerings In field geoanalysis Solids removal units Data collection & management software Geoscientific data analysis software Target markets Drilling contractors Drilling contra
Slide 6: Business Overview – Oil & Gas
Business Overview – Oil & Gas For personal use only Product / service Drilling & completion fluids Wellbore surveying services offering Production chemicals Inflex (formerly Target INS) Fluid & waste management Gyroflex survey tool equipment Solids control equipment Target markets Oil & gas market –
Slide 7: Operational Update 1Q15
Operational Update 1Q15 For personal use only • AMC SRUs on hire increasing – particularly Americas • REFLEX HUB – trend of increasing throughput • REFLEX instruments on hire up 33% from 3Q14 • AMC Oil & Gas continuing to strengthen, generating positive cash flow from operations 6
Slide 8: Technology Leadership
For personal use only Summary and Outlook Technology Leadership 7
Slide 9: Technology Leadership
Technology Leadership Leading R&D capabilities & personnel For personal use only • • Continued product development through cycle – innovation through customer needs • FY15 focus on marketing new technologies – UG / HP SRUs, EZ-Gyro, REFLEX TN14 & XRF • Strong pipeline of technology development – FY1
Slide 10: SRU – Unique Sumpless Technology
SRU – Unique Sumpless Technology For personal use only 9
Slide 11: New REFLEX Technologies
New REFLEX Technologies For personal use only REFLEX EZ-Gyro • User-friendly driller operated north seeking gyro instrument • Highly accurate downhole surveying TN14 Gyrocompass • Fast & accurate • Significant advantages over current manual alignment system REFLEX XRF • Hand held instrument for on s
Slide 12: REFLEX HUB
For personal use only 11 REFLEX HUB
Slide 13: Enabling Step Change
Enabling Step Change For personal use only 12
Slide 14: REFLEX HUB Resource Customers
REFLEX HUB Resource Customers For personal use only 13
Slide 15: Oil & Gas Division
For personal use only Summary and Outlook Oil & Gas Division 14
Slide 16: Robust Oil & Gas Markets
Robust Oil & Gas Markets For personal use only 15
Slide 17: VES Joint Venture
VES Joint Venture For personal use only • Significant organic growth in FY15 & beyond • Niche market – high barriers to entry • Broad customer footprint • Clear path to increased market share • Access to leading technology – accuracy and speed • Comprehensive technology offering 16
Slide 18: Summary
Summary For personal use only • Maintaining & gaining market share through technological leadership • Diversifying customer base – non-mining applications & resource companies Strategic • Building a broad based & resilient business & increasing annuity style revenue • Industry diversification – incr
Slide 19: Appendix
For personal use only APPENDIX Appendix 18
Slide 20: SRUs – What Are The Benefits?
SRUs – What Are The Benefits? For personal use only 19
Slide 21: SRUs – Quantifying The Benefits
SRUs – Quantifying The Benefits For personal use only 20
Slide 22: The REFLEX HUB
For personal use only The REFLEX HUB 21
Slide 23: REFLEX HUB – Key Drivers
REFLEX HUB – Key Drivers For personal use only FOR IMDEX FOR CONTRACTORS & RESOURCE COMPANIES Adds value to existing range of instrumentation Significantly enhances operational efficiency – simplifies workflows Enables new technology / product offerings – e.g. in Paperless solution – data collection
Slide 24: The REFLEX Competitive Advantage
The REFLEX Competitive Advantage For personal use only 23
Slide 25: Additional Financial Information
For personal use only Additional Financial Information 24
Slide 26: FY14 Snapshot
FY14 Snapshot For personal use only • Maintaining & gaining market share through technological leadership • Diversifying customer base – non-mining applications & resource companies Strategic • Building a broad based & resilient business – increasing annuity style revenue • Industry diversification
Slide 27: FY14 Key Metrics
For personal use only FY14 Key Metrics 26
Slide 28: Combined Revenue $204.6m
Combined Revenue $204.6m For personal use only Includes share of VES JV revenue $21.1m (FY13: $16.6m) 27
Slide 29: Normalised EBITA/EBITDA
Normalised EBITA/EBITDA For personal use only 28
Slide 30: FY14 EBITA Segment Result
FY14 EBITA Segment Result For personal use only The FY14 result includes profit on partial sale of investment in SEH ($24.1m), one-off balance sheet adjustments ($18.2m) , together with costs and provisions relating to product containment incident ($9.1m) 29
Slide 31: Minerals Division
For personal use only Minerals Division 30
Slide 32: Revenue Base - Minerals
Revenue Base - Minerals For personal use only 31
Slide 33: Oil & Gas Division
For personal use only Oil & Gas Division 32
Slide 34: Working Capital Management
Working Capital Management For personal use only • $2.9m of cash generated from $2.8m of EBITA losses • Working capital release due to improvements in stock & debtor levels 33
Slide 35: Balance Sheet
For personal use only Balance Sheet 34
Slide 36: 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