Imdex Ltd · ASX:IMD

Imdex — Shareholder Meeting (October 2022)

40 slides from Imdex's shareholder meeting presentation, October 2022

  1. Slide 1: 2022 Annual General Meeting

    2022 Annual General Meeting ANTHONY WOOLES, CHAIRMAN PAUL HOUSE,CEO Classification | Restricted

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements THIS PRESENTATION MAY CONTAIN CERTAIN ‘FORWARD-LOOKING STATEMENTS’ AND RESULTS OR TRENDS TO DIFFER MATERIALLY, INCLUDING BUT NOT LIMITED TO PROJECTIONS PROVIDED BY OR ON BEHALF OF IMDEX LIMITED (IMDEX). FORWARD RETENTION OF KEY BUSINESS RELATIONSHIPS, ENVIRONMENTAL IMPACTS

  3. Slide 3: Our Board of Directors

    Our Board of Directors COMMITTED TO DRIVING SUSTAINABLE GROWTH Mr Anthony Wooles Ms Sally-Anne Layman Mr Ivan Gustavino Ms Trace Arlaud Mr Kevin Dundo Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Classification | Restricted 3

  4. Slide 4: FY22 AGM Agenda

    FY22 AGM CHAIRMANS ADDRESS AGENDA RESOLUTIONS & VOTING POLLING CEO ADDRESS CLOSE OF ANNUAL GENERGAL MEETING REFRESHMENTS Classification | Restricted 4

  5. Slide 5: Chairmans Address

    Chairmans Address Photo by David Flores, IMDEX Country Manager – Argentina Classification | Restricted 5 Los Andes Mountains , Argentina, 4500m above sea level

  6. Slide 6: FY22 Financial Highlights

    FY22 Financial Highlights 29% RECORD REVENUE 39% RECORD EBITDA 41% NPAT Up 26.5% on a constant currency basis Up 33.8% on a constant currency basis Effective tax rate 28.5% Strong demand in all regions Strong fixed cost leverage of our global network (FY22 $44.7m v FY21 $31.7m) (FY22 $341.8m v FY21

  7. Slide 7: FY22 Operational Highlights

    FY22 Operational Highlights 0.77 15%* 11.9 27% LTIFR IMPROVED EMPLOYEE SUSTAINALYTICS LOW ROCK KNOWLEDGE IMPROVED FROM 1.85 ENGAGEMENT RISK ESG RATING SENSORS ON HIRE Improved safety engagement as a leading Enhanced employee Released first Sustainability Report IMDEX HUB-IQTM connected indicator val

  8. Slide 8: FY23 Board Priorities

    FY23 Board Priorities PROTECT OUR GROW OUR STRATEGY PEOPLE CORE BUSINESS EXECUTION Safety engagement and performance Support strategy to invest in its core Achieving strategic milestones business product portfolio Mental health and total wellbeing Protect intellectual property Diversity BOARD CAPITA

  9. Slide 9: ESG Inside and Outside of IMDEX

    ESG Inside and Outside of IMDEX WE FOCUS ON ESG THROUGH TWO DISTINCT LENSES Inside IMDEX Outside IMDEX The practices that we can Leverage our research and control to ensure we are setting development capabilities to the right targets and enhance the sustainability of continuously improving for our o

  10. Slide 10: Resolutions and Voting

    Resolutions and Voting Photo by David Flores Classification | Restricted 10 IMDEX Country Manager – Argentina

  11. Slide 11: Adjournment of Annual General Meeting for Polling

    ADJOURNMENT OF ANNUAL GENERAL MEETING FOR POLLING 11 Classification | Restricted

  12. Slide 12: Resolution 1: Re-election of Ms Sally-Anne Layman

    Resolution 1 RE-ELECTION OF MS SALLY-ANNE LAYMAN That, for the purposes of ASX Listing Rules 14.5, Article 17.4 of the Constitution, and for all other purposes, Ms Sally-Anne Layman who retires from the office of Director at the end of the Meeting and being eligible, offers herself for re-election,

  13. Slide 13: Resolution 2: Remuneration Report

    Resolution 2 REMUNERATION REPORT That, for the purposes of section 250R(2) of the Corporations Act and all other purposes, the Directors’ and Executives’ Remuneration Report, included within the Directors’ Report, for the year ended 30 June 2022 be approved. For the motion 301,975,523 Against the mo

  14. Slide 14: CEO Address Paul House

    CEO Address Paul House Classification | Restricted 14

  15. Slide 15: IMDEX is a leading global mining-tech company

    IMDEX is a leading global mining-tech company. We are uniquely positioned to enable clients to find, define and mine orebodies with precision, confidence and at speed. Classification | Restricted 15

  16. Slide 16: Our Integrated Solutions

    Our Integrated Solutions • Drilling Fluids Our Drilling Optimisation DRILLING suite of products enhance • Solids Removal Units OPTIMISATION SALES AND drilling productivity while • Remote Fluid Testing Technologies PERFORMANCE PRODUCTS improving safety and the • Rig Alignment Technologies BASED RENTA

  17. Slide 17: Our Strong Financial Platform

    Our Strong Financial Platform REVENUE EBITDA EBITDA MARGIN% 14% 27%++ 5 YEAR 5 YEAR CAGR** CAGR (Comparable S&P CAGR 9%**) 218.5 243.7 237.7 264.4 341.8 42.4+ 52.3+ 54.4* 75.5*^ 104.9*^ 22.2++ 23.9++ 22.9 28.5 30.7 $m $m % FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 *

  18. Slide 18: Our Stronger Revenue Profile

    Our Stronger Revenue Profile SENSORS & AMERICAS BROAD COMMODITY SOFTWARE EXPOSURE ^ 10% 7% 42% 27% 24% 8% 15% 56% 34% 29% 30% 35% 58% 39% 47% 45% 50% 32% 44% 8% FY17 FY22 FY17 FY22 FY17 FY22 SALES IMDEX HUB-IQ™ CONNECTED AMERICAS EUROPE/ GOLD IRON ORE SENSORS & SOFTWARE AFRICA RENTAL & SAAS APAC CRI

  19. Slide 19: Our Strong Balance Sheet

    Our Strong Balance Sheet $m (unless indicated otherwise) 30 JUNE 2022 30 JUNE 2021 Cash 36.4 58.5 16.2% Receivables 73.3 58.2 RETURN ON EQUITY Inventory 57.1 41.5 Fixed Assets1 83.7 78.6 Intangibles2 97.8 92.9 19.3% Investment in an associate3 5.0 0 RETURN ON CAPITAL EMPLOYED Other Assets / deferred

  20. Slide 20: Our Strong Core Business Model

    Our Strong Core Business Model A STRONG FINANCIAL OUTPERFORMING ABILITY TO ESTABLISHED PLATFORM INDUSTRY GROWTH ACCELERATE GLOBAL CLIENT ORGANIC GROWTH NETWORK EBITDA margin expansion YOY 5-year revenue CAGR 14% Maintain technology leadership An unparalleled global footprint, present on 70% of sites

  21. Slide 21: Growth Opportunities

    Growth Opportunities Classification | Restricted 21

  22. Slide 22: Drivers to Deliver Our Strategy

    Drivers to Deliver Our Strategy NEW PRO DUCT S, NEW PRO DUCT S, NEW 1. TECHNOLOGY LEADERSHIP SENSO RS AND SENSO RS AND Targeted R&D to win market share SOFT W AR E SOFT W AR E PRODUCTS / TECHNOLOGIES 2. EXTENSION INTO MINING PRODUCTION Leverage into this adjacent market where it is the same ore body

  23. Slide 23: Extension into Mining Production

    2. Extension into Mining Production DRILLING OPTIMISATION PRODUCTS • BHS is a higher margin fluid product to stabilise blast holes • Further BHS trials are underway with underground commercial prototypes in Africa, Asia and Australia • First significant commercial contract signed in July with tier-1

  24. Slide 24: IMDEX Mining Technologies – Customer Value Offering

    IMDEX Mining Technologies – Customer Value Offering EXAMPLE DOWNSTREAM BENEFITS FOR IMPROVED RESOURCE STEWARDSHIP Drilling Planning Blasting Mining Stock Piling and Blending Processing INDUSTRY • Drill hole stability • Imprecise geology • Sub-optimal blasting • Fully capturing bulk mining • Optimal

  25. Slide 25: Precision Mining and Our MINEPORTAL Software

    Precision Mining and Our MINEPORTALTM Software GRANULAR DATA TO SUPPORT MWD VISUALISATION IN MINEPORTAL PRECISION MINING OVERLAID WITH AUTO BUILT BLOCK-MODEL Classification | Restricted 25

  26. Slide 26: The Size of the Opportunity

    The Size of the Opportunity BLAST DOG – A UNIQUE ROBOTIC LOGGING SERVICE BLAST DOG TM BUSINESS GROWTH PHASE 1 WHY ENTER THE MINING PRODUCTION MARKET? • Substantially larger than the exploration and development market and 1200 less subject to cyclical impact TAM • Embedded into operations and support

  27. Slide 27: An Update on our Key Industry Drivers

    An Update on our Key Industry Drivers Photo by David Flores – IMDEX Country Manager – Argentina Classification | Restricted 27

  28. Slide 28: Industry Driver: Supply and Demand

    Industry Driver: Supply and Demand DISCOVERY OF MAJOR COPPER DEPOSITS LACKING RESOURCE COMPANIES NEED TO INCREASE EXPLORATION TO SUSTAIN PRODUCTION AND ADDRESS DIMINISHING RESERVES STRONG DEMAND FOR ALL COMMODITIES HEIGHTENED DEMAND FOR CRITICAL METALS DRIVEN BY DECARBONISATION TARGETS Data as of 8

  29. Slide 29: Industry Driver: Commodity Prices

    Industry Driver: Commodity Prices PRICES REMAIN AT HISTORICALLY HIGH LEVELS. THESE LEVELS ARE SUPPORTIVE OF CONTINUED INCREASED EXPLORATION EXPENDITURE Data as of 22 September, 2022 Source: S&P Global Market Intelligence Classification | Restricted 29

  30. Slide 30: Industry Driver: Global Exploration Budgets

    Industry Driver: Global Exploration Budgets WORLD EXPLORATION TRENDS GLOBAL NONFERROUS EXPLORATION BUDGETS REMAIN 45% LOWER THAN THE PEAK LARGE AND MID-CAP RESOURCE COMPANIES CONTINUE TO INCREASE EXPLORATION BUDGETS, INCLUDING CY23 COMMITMENTS JUNIORS REPRESENT A SMALLER PORTION OF TOTAL SPEND Data

  31. Slide 31: Industry Driver: Exploration Funding

    Industry Driver: Exploration Funding JUNIOR AND INTERMEDIATE FINANCINGS, JULY 2020 -AUGUST 2022 LARGE AND MID-CAP RESOURCE COMPANIES ALL REMAIN WELL- FUNDED TO MEET THEIR COMMITTED PROGRAMS JUNIORS REMAIN WELL- FUNDED DESPITE SOME RECENT CONTRACTION IN CAPITAL RAISINGS Data as of 7 September, 2022 S

  32. Slide 32: FY23 Focus Areas & Outlook

    FY23 Focus Areas & Outlook Classification | Restricted 32

  33. Slide 33: FY23 Focus Areas

    FY23 Focus Areas PROTECT INCREASED INVESTMENT OUR PEOPLE IN IMDEX MINING AND DEVELOPING TECHNOLOGIES AND OUR TEAM SOFTWARE INVESTMENT IN OUR CORE BUSINESS MODEL INVEST IN DIGITAL 2.0 TO AND MAINTAIN OUR OPTIMISE COST BASE, DISCIPLINED APPROACH BUILD SCALE AND TO PRODUCT FURTHER ENHANCE DEVELOPMENT C

  34. Slide 34: Positive Start to FY23

    Positive Start to FY23 RECORD QUARTERLY REVENUE 1Q REVENUE AVERAGE SENSORS ON 105.9* HIRE UP 13% ON 1Q22 AND 86.8 9% on 4Q22 67.3 67.6 22%* 1Q23 ARPU INCREASED 61.4 1Q23 REVENUE ON 1Q22 54.6 (19% at constant currency) 3% OVER 2H22 SENSOR & SaaS 12%* REPRESENT 59% OF 1Q23 1Q23 REVENUE ON 4Q22 (10% at

  35. Slide 35: An Update Around Our Regions

    An Update Around Our Regions 1Q23 REVENUE GROWTH BY REGION (unaudited) NORTH AMERICA Increased drilling programs planned for CY23 in USA – focus on near mine operations. High demand for skilled labour contributing to rig fleet upgrade and renewal. Activity in Canada consistent with pcp. Some juniors

  36. Slide 36: Client Activity

    Client Activity DRILLING CLIENTS REPORT STEADY DEMAND “The slowdown in junior financing is offset by a desire from senior customers to continue growing their reserves, both in “The underlying demand in the market continues to be precious and base metals. With the prices of metals encouraging...the t

  37. Slide 37: Positive Outlook

    Positive Outlook A STRONG START LONG-TERM GROWTH TO FY23 DRIVERS ARE STRONG Record quarterly revenue, up 22% on 1Q22 Diminishing reserves Average sensors on rent up 13% on 1Q22 Demand heightened by decarbonisation targets Strong demand for IMDEX product portfolio Prices remain above levels to suppor

  38. Slide 38: My Sincere Thanks to A Talented Team

    My Sincere Thanks to A Talented Team “The value I place in our team’s work effort, intelligence, and ability to challenge each other makes for the most rewarding work Mr Paul Evans Mr Shaun Southwell Ms Michelle Carey environment I have CFO Chief of Product Management COO and Marketing ever known. I

  39. Slide 39: Thank you.

    Thank you. For further information, please contact Kym Clements Investor Relations Officer kym.clements@imdexlimited.com Classification | Restricted

  40. Slide 40: Results of FY22 Annual General Meeting

    Results of FY22 Annual General Meeting Resolution Details Instructions Given to Validly Appointed Number of Votes Cast on Resolution Proxies the Poll (where applicable) Result Resolution Resolution For Against Proxy’s Abstain For Against Abstain* Carried / Not Type Discretion Carried Classification

Imdex — Shareholder Meeting (October 2022) on 6ix