Slide 1: 1H11 Investors Roadshow and Trading Update cover letter
For personal use only 21 March 2011 Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sir/Madam 1H11 Investors Roadshow and Trading Update Please find attached the 1H11 Investors Roadshow and Trading Update to be presented in Brisbane, Sydney and Melbourn
Slide 2: 1H11 Results Investor Roadshow & Trading Update
For personal use only Imdex Limited 1H11 Results Investor Roadshow & Trading Update 21 March 2011 1H11 Results Investor Roadshow & Trading Update – March 2011 1
Slide 3: Key Points
Key Points 1H11 - record half year performance For personal use only Trends ongoing into 2H11 Consistent revenue and EBITA improvement since 2H09 low Imdex benefiting from actions taken during GFC as industry dynamics improve Simplification of brands and regionalised structure delivering benefits Ma
Slide 4: Strong financial performance
Strong financial performance For personal use only Key indicator 1H11 1H10 Change Revenue $95.9m $58.4m 64% EBITA (excl non-operational items) $21.2m $7.5m 182% NPAT (excl non-operational items) $12.1m $2.9m 323% Operational cash flow $13.9m $4.6m 202% Gearing (net debt / capital) 18.4% 19.6% - Inte
Slide 5: Record revenue level achieved
Record revenue level achieved 120 For personal use only Revenue * ($m) 100 95.9 Minerals 80.3 80 75.9 72.9 69.1 60 57.9 56.7 58.4 45.9 40 20 O&G 0 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 * excludes other income & discontinued operations 1H11 Results Investor Roadshow & Trading Update – March 20
Slide 6: Record EBITA level achieved
Record EBITA level achieved EBITA * For personal use only 25 ($m) 21.2 19.8 20.0 20.0 20 15 13.2 12.2 10.1 10 7.5 5 4.5 0 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 * excludes discontinued operations and non-operational items 1H11 Results Investor Roadshow & Trading Update – March 2011 5
Slide 7: Minerals Division Revenue
Africa Minerals Division Americas Revenue * For personal use only 90 Europe ($m) 81.5 Asia Pacific 80 68.4 15% 63.5 64.7 70 61.4 26% 60 54.0 46.4 50 42.6 2% 40.5 40 57% 30 20 10 0 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 NB: Regional structure adopted 1 July 10 – Comparatives have been reconstru
Slide 8: Record mining tool rental fleet
Record mining tool rental fleet For personal use only Tools on Hire Jun 08 Jun 09 Jun 10 Aug 08 Dec 08 Aug 09 Dec 09 Aug 10 Dec 10 Feb 11 Apr 08 Oct 08 Apr 09 Oct 09 Apr 10 Oct 10 Feb 08 Feb 09 Feb 10 Significant growth from April 09 low point Seasonal slowdown over December - highlighted New record
Slide 9: Solids Control Technology
Solids Control Technology For personal use only Traditional drilling fluid sumps No sumps – fully enclosed system Solids removal and fluid property management Small environmental site footprint Reduced site set up and remediation costs Reduced water consumption Less wear and tear to drilling compone
Slide 10: Oil & Gas Division Revenue
Oil & Gas Division For personal use only 18 Revenue * 16.2 16 ($m) 14.4 14 11.8 11.9 12 11.1 10 9.3 8 7.7 6 3.9 4 3.3 2 0 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 * excludes other income & discontinued operations 1H11 Results Investor Roadshow & Trading Update – March 2011 9
Slide 11: DHSO (Lime Rock) Oil & Gas Services JV
DHSO (Lime Rock) Oil & Gas Services JV For personal use only DHSO an existing customer of Imdex Majority owned by Lime Rock 50:50 joint venture based in Dubai Contributions: DHSO – cash/clients Imdex – technology Imdex sells technology to the JV at cost + margin Initial target market the Middle East
Slide 12: Mud-Data Acquisition
Mud-Data Acquisition For personal use only Drilling fluids and chemicals Complementary to the current fluids & chemicals businesses Good strategic fit – footprint into Europe Strong markets – oil & gas, geothermal and civil industries Solids control and high quality equipment for oil & gas Potential
Slide 13: Increasing estimated global exploration spend
Increasing estimated global exploration spend (non-ferrous) (US$Bn) 22.5 For personal use only 20.4 20.8 19.0 19.3 18.0 17.1 16.0 13.2 11.5 10.4 7.5 7.7 5.1 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: Mckinsey analysis; Metals Economics Group; Boart Longyear Project
Slide 14: Summary
Summary Strong financial results delivered For personal use only 1H11 record revenue and profit levels 1.75 cents per share fully franked interim dividend Record mining tool rental numbers Strong balance sheet with comfortable gearing Strong growth trends continue in early 2H11 Growth initiatives Mu