Slide 1: Full Year Results 30 June 2006
Ansell Limited Full Year Results 30% June 2006 Doug Tough — Chief Execu Rustom Jilla — Chief Financia
Slide 2: Ansell 2006 Agenda
Ansell Ansell 2006 Agenda Review of Business/Keylssues_ -Doug Toug Review of Financials - Rustom Jilla The Future US dollars used in all slides unless
Slide 3: Mixed F'06 Results, Impacted by Raw Material Costs
Ansell. Mixed F’06 Results, Impacted by Raw Material Costs $M Sales _EPS-PreSPr f} +5% __US57.3¢ -5% AT6.9¢ -4% EBIT (Pre-SPT) ) -6% Dividend Profit Attributable A21¢ +24% Pre- SPT U -10% * F'06 PA post SPT costs is $86.7M and EPS is * F'05 adjusted for AIFRS, taking pre-SPT EPS fr
Slide 4: Head Winds and Upsides in F'06
Ansell. Head Winds and Upsides In F’06 Head Winds: Sharply higher latex costs (-$14M net EBIT impact) Exam glove pricing pressure A stronger USD, which impacted sales and EBIT to ales Advertising & promotions competition in U.S. retail condo Extra costs related to SuratThani plant detention Upsides:
Slide 5: Latex costs .... Perspective on cycles
Ansell Latex costs .... Perspective on cycles Malaysian ‘00 CC MYR (per wet kg) F 07 start price 7” was MYR 6.81 6.00 Latex Prices tim inF 05. __ +73% in F’06 5.00 4.00 3.00 2.00 1.00 | "86 87°88 89 90 91 92 93 94 96 96 97 98 99 Based on recent (6 — 7 year ) cycles, there was no reas increase in F06
Slide 6: Latex impact on Ansell
Ansell Latex impact on Ansell Its Proportionate Role: Sales of Products with Natural Rubber Lat SM. % of Total Occupational 57 13 Professional 227 79 Consumer 122 90 Total Sales 406 48% Total Gross Margins 149 47% Its Impact on Margins: Exams — Significant: Latex % of Cost High; Surgical —* Moderate
Slide 7: What are We Doing About Latex Increases?
Ansell. What are We Doing About Latex Increases? During F’06: Increased Selling Prices (with Modest Success) Exited some GPO Contracts (Exams) : Productivity Improvements at Plants, Overhead Cut: What we didn’t do, in view of “historic cycles” .... was forward For F07: Price increases on Exam and Ho
Slide 8: Occupational Business
Ansell Occupational Business 250% of Revenue and 56% of Segment EBIT $M F’0s F’06 HyFlex® 13.2 87.0 VOL+1/% Knitted 47.5 46.8 VOL -9%, ASP +9% Disposables 813 81.9 All Other 205.8 208.9 7 Sales 409.8 4246 +3.6% SegmentEBIT 61.0 60.7 Margin Erosion / EBIT/Sales 149% 143% Strategy: = Continued concept
Slide 9: Professional Business
Ansell Professional Business — 34% of Revenue and 27% of Segment EBIT $M F05 £06 Surgeons: Branded PF /0.1 71.7 EMEA and AP growth Powdered 65.3. 60.2 EMEA up, AM and AP down Synthetic 14.7 16.2 Strong volume growth; allre Other 3.6 41 PF 68.7 77.2 VOL+19%, ASP -6% Powdered 12.3 13.5 VOL +10% (EMEA
Slide 10: Consumer Business
Ansell Consumer Business on 16% of Revenue and 17% of Segment EBIT SM E05 F06 Condoms: Branded Retail 70.3 72.1 Jissbon $3.1M, EU +8 Bid / Public 31.5 Tenders up, AM Pub HHG 19.0 Other . 129 4Play & Supplements Sales 135.5 +7.5% Segment EBIT 17.9 US Retail M EBIT/Sales 13.2% Strategy: « Recover USA
Slide 11: Rustom Jilla, Chief Financial Officer – Financial Results
Rustom Jilla Chief Financial Offi : Financial Res
Slide 12: Total Shareholder Return
Total Shareholder Return F'04 F05 TSR 34% TSR 32% $10.04 oo Pode SS : eed ina e OeE 25 I 1 July 03 31 Dec 03 30 June 04 31 Dec 04 Dividends Al3¢ Total Shareholder Return (FSR) = Share Price appreciation plus : ‘
Slide 13: Impact of AIFRS on F'05
Ansell Impact of AIFRS on F’05 Operating’ Attributable” EPS* a) Profit (SM) US¢ | F'05 as Reported 93.9 68.8 41.1 AIFRS adjustments Goodwill amortisation 15.3 15.3 9.1 Defined Benefit Pension/Post Retirement Health Benefit Plans Share Based Payments Deferred lax F'05 as Adjusted for AIFRS No Free Ca
Slide 14: Latex Cost Graph ... Updated
Ansell Latex Cost Graph ... Updated $ : Malaysian R Malaysian ‘00 ource: Malaysian Ru MYR (per wet kg) 60 |. ne F'07 start price 6.00 _ Latex Prices was MYR 6.81 _ AT in F705 | : 5.00 | #73% in F'06 4.00 3.00 2.00 1.00 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 | = Seasonal supply driven pri
Slide 15: F'06 Profit & Loss
F’06 Profit & Loss $M Sales Operating EBIT . SPT Write down and Sale Costs : | ee es EBIT . sam \ +3.7% Interest & Borrowing Costs | Tax Minorities Profit Attributable: Pre SPT Post SPI Gross Margin : Sales Operating EBIT: Sales / | Armaricae = Higher cash balances and fixed rates on debt ® Tax expe
Slide 16: F'06 Balance Sheet
Ansell F’06 Balance Sheet $M 30 June 05 Fixed Assets 149.0 Goodwill & Intangibles 205.0 Other Assets/Liabilities (30.6) Investment in SPT 95.0 Working Capital * 168.8 Net Operating Assets 587.2 Net Interest Bearing Debt 111.9 Shareholders’ Funds 475.3 ROA % (excluding SPT ) ROE % (excluding SPT) Gea
Slide 17: F'06 Cash Flow
Ansell F’06 Cash Flow $M F'05 Operating EBIT (Excl SPI) 109.9 Depreciation 18.6 Working Capital (0.2) Jax Paid (12.3) Capital Expenditure (10.6) Interest Paid (Net) (10.9) Free Cash Fiow (FCF) Acquisitions Share Buy Backs Dividends Disposal of SPT Other (Increase) / Reduction in Net Debt
Slide 18: Portfolio Performance; Year On Year
Ansell. Portfolio Performance; Year On Year FY’06 SALES = FY’06 SEGMENT EBIT Occupational Professional Consumer Occupational Profession: Asia Pacifi EMEA Americas 242% mw From -2% to +2% mm Americas: Occupational margins hurt by mix. Professio margins. Continuing retail condom competitio EMEA: Sales
Slide 19: Ansell F'06 Financial Overview
‘Ansell. Ansell F’06 Financial Overview Ansell had a mixed performance but continues to have strong fundamentals: Sales were strong while EBIT was pulled down by latex Margins of “Non-latex” products, which account for 52% of sal remained strong The Balance Sheet is strong with low gearing and high
Slide 20: Doug Tough, Chief Executive Officer
Doug Tough Chief Executive Offic
Slide 21: Strategic Evolution
Ansell Strategic Evolution From meeting multi-year Segment EBIT commitment advancing Ansell Growth Strategy for F’07 and Bey: Methodology: Synthetic Surg Excite” AlphalEC™ Channels
Slide 22: Russia & CIS
Russia & CIS tional 750% ssional +377, Hmer 410% * Jissbon Acquisition — 10% Share of China Retail Condom market * China Occupational — New Ansell trading company initiated * Europe Emerging Markets - Strong Consumer & Occupational grow * India— Occupational distribution set up
Slide 23: F'07 Guidance
Ansell F’07 Guidance * EBIT Head Winds In F'07 - Latex expected to be a Net $10M Negative (assuming —! - $12M SG&A increase for “Growth” - R&D, Marketing, B Development, and Selling with revenue benefits mostly f FOG F’07 Increase in total ‘growth’ expenses +3% +8% + Positives Continued Top Line gro
Slide 24: Ansell Takeaway
Ansell Ansell Takeaway * Solid and steadily Growing company: — Organically — Geographically — Acquisitively + Cost components tightly managed * Diverse portfolio + Strong financial position with inves' back capability
Slide 25: iplewsure: baler
iplewsure: baler for worneny