Orica Limited · ASX:ORI
Orica — Investor Presentation (October 2006)
19 slides from Orica's investor presentation, Oct 18, 2006
Slide 1: Minova, October 2006
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Slide 3: Business Snapshot
1. Bus MINOVA Business Snapshot * Global leader in specialty chemicals for use in strata support, ground consolidation and ventilation in underground mining and tunnelling — Key end markets are underground coal mining, underground metals mining and tunnelling — Market leader in most regions in which
Slide 4: Sales by End Market, Region and Product
1. Bus MINOVA + Major end market is underground coal mining (>50% market share), although increasing contribution from tunnelling 2005A Sales by End Market Underground metal mining 16% Underground civil engineering 15% Underground coal mining 69% Sales predominantly from Europe, US and Australia wit
Slide 5: Major Mining Countries serviced
1. ol a MINOVA | Major Mining Countries serviced @ Manufacturing sites Operations in all major mining regions {except South America) » 47 manufacturing facilities in 10 countries * Sails into more than 50 countries * Employees ~1200 peopie
Slide 6: Broad product range to service customer needs
Broad product range to service customer needs MINOVA Resin Capsules + Resin capsules along with steel bolts are used as primary roof support or as secondary support in combination with steel arches + Lokset@ is Minova's key brand for resin capsules, globally recognised for its reliability Injection
Slide 7: Minova product range: services, equipment, steel bolts
MINOVA Services + Specialist application services provided by Minova, mainly associated with resin injection and erection of ventilation seals in Australia Other A wide range of specialist products such as coatings and dust masks is also offered Application Equipment + Minova offers a wide range of
Slide 8: Wide product range, efficient manufacturing, strong brands
Wide product range Efficient manufacturing Strong brands
Slide 9: Minova management team
MINOVA Sandy Arbuthnot Chief Executive Mark Peter Piper Bell Finance Business Director Dev Ditector | Central Team Chief Executives
Slide 10: Regional Overview: Europe (excl Poland)
5. Regional Ove Europe (excl MINOVA Largest operating region representing 35% of sales (2005A) Locations Drill machines Resin capsules, injection materials, pumps @ Manufacturing sites Head Office ‘Steel bolts Overview * No 1 market position across all core products Present in Germany, Czech Republi
Slide 11: Regional Overview: Poland
5. Regional Ove Poland Significant operations representing 18% of sales (2005A) Locations Resin capsules / Xanthates, Resin capsules, injection materials, pumps, powders @ Manufacturing sites Overview No 1 market position across all core products ~80% of sales are to the coal mining industry Demand
Slide 12: Regional Overview: Russia
5. Regional Ove Growth market ~ currently representing 4% of sales (2005A) Locations Resin capsules. Resin capsules, powders, bolts ee @ Manufacturing sites Overview Operating since 1999 and has ~120 employees Minova has a 87.5% controlling stake in its Russian business No 4 market position across a
Slide 13: Regional Overview: USA
5. Regiona USA | Ove Significant operations representing 21% of sales (2005A) Locations Resin capsules @ Manufacturing sites Resin capsules, Powders Resin capsules: Overview * * Operating since early 1980's No 14 in resin capsules and powders Acquired Sandvik’s Mining Chemicals Division in August 20
Slide 14: Regional Overview: Australia
5. Reg Australia . Significant operations representing 15% of sales (2005A) Locations Injection Chemicats ye esin capsules, powders. @ Manufacturing sites Overview * . Operating in Australia since 1987 No 1 market position across all core products & services - Minova has a strong service business in
Slide 15: Regional Overview: South Africa
5. Regional Overview _ MINova South Africa _ Represents 8% of Minova sales (2005A) Locations Overview + Operating since early 1980's Resin capsules + No 1 in resin capsules and powders Cement capsules, powders + 75% of sales are to the metal mining industry * 25% of sales to the coal industry +* Roo
Slide 16: China expected to be a key growth region
China expected to be a key growth region Overview Locations . Injection resin, powders Resin capsules * ie @ Manufacturing sites Operations commenced in China through 55% owned JV in 2005 Business is still in early stage of development Targeting the ten most progressive mining companies in China Chi
Slide 17: Financial Snapshot
6. Financial Snaf MINOVA Excellent Ea . Minova has an outstanding track record of growing earings organically and Sales trend (2003A-2006F) through strategic acquisitions — Consistently strong operating margins 180 Sales CAGR: 18% — Projected EBITDA of ~£39m in FY2006" es iT — Established footprint
Slide 18: Regional Expansion
MINOVA Regional Expansion China, Russia & Tekflex to Kazakhstan Swedish ment Expansion tunnels Tunnelling in Europe Insulation shotcrete Phenolic resin Ventilation structures 18
Slide 19: Disclaimer
Disclaimer This presentation has been prepared by Orica Limited. The information contained in this presentation is for informational purposes only. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an i