Slide 1: Broker and Shareholder Presentation
{ October 2003 The Manager Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 BY ELECTRONIC LODGEMENT Dear Sirs BROKER AND SHAREHOLDER PRESENTATION | attach a copy of the presentation to be made to brokers and shareholders today in Sydney
Slide 2: Imdex Limited: Australia's Leader in Drilling Products & Services
Slide 3: Imdex services the oil & gas, mining industries
imdex services the oil & gas, mining, industries world’s largest oil and gas region
Slide 4: Financial Controller
Financial Controller —
Slide 5: Imdex: translating improved performance
Imdex: a: ‘Translate the improved performance
Slide 6: Australia
AUSTRALIA -
Slide 7: Drilling Products & Services
Drilling Products & Services Leadership position in Australia, exporting to over 25 countries Sustainable, advantage based on Lomi
Slide 8: Australia's market leader in geophysical logging and surveying
_ Australia’s market leader in: >» Geophysical Logging __ > Down Hole Surveying _ * Directional Drilling (steering) _ division — new technology — CBM Sustainable, competitive advan age
Slide 9: Australian Operations
Slide 10: Joint Venture with Rashid Trading Establishment in Saudi Arabia
Joint Venture with the Rashid Trading Establishment (RTE) in Saudi Arabia (51% RTE/ 49% Imdex) Imdex Arabia Drilling Fluids, Chemicals & Services Saudi Arabia
Slide 11: Largest economy in the Middle East
Largest economy in the Middle East Stable Government 25% of the world’s proven oil reserves Australia’s 13" largest export partner — $2.4bn in 2002, growing strongly over the last 5 years No restrictions on repatriation o Profits, Dividends or Capital
Slide 12: Saudi Aramco
dpogaunll gSoljl Saudi Aramco Has over 20,000 km of oil & gas Exploration are vis 1.5m sq km
Slide 13: Saudi Aramco
Gypgauidl gSoljl Saudi Aramco Active exploration — more drilling fluids & chemicals Procured approx. US$5.6bn in goods & services in 2002 Has approximately 12,000 local vote promoting Saudi suppliers Aramco placed 90% of its purc importers/manufacturers in 2 Approximately 55,000 employees expatriate
Slide 14: Industry in KSA & the Middle East
industry in KSA & the Middle East | Current Saudi J/V Monthly Sales Projected Monthly Sale (Oct - Dec 03) Current Agreeme’ ts Joint Venture partner control UAE
Slide 15: Sales Revenue and earnings
Sales Revenue Other Revenue EBITDA A Depreciation/Amortisation _ EBIT Net Interest NPAT | $4.8m — AVI Proceeds, $5.5m w margin sales
Slide 16: Balance sheet
‘Cash & Receivables PPE Other Net Assets Interest Bearing Liabilities : Other Liabilities _ Equity No. Shares on Issue
Slide 17: 15% + in FY04
15% + inFYO4
Slide 18: Milestones to Monitor
Slide 19: Conclusion
Slide 20: Contact Details
Contact Details: www.imdex.com.au