Slide 1: 2006 General Meeting Presentation (ASX cover letter)
08 August 2006 The Manager Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sirs 2006 GENERAL MEETING PRESENTATION The Company will hold a General Meeting at 11am in Perth, today, Tuesday, 08 August 2006 The Meeting presentation is
Slide 2: Imdex Limited: General Meeting to consider acquisition of Reflex Holding AB
IMDEX LIMITED “Australia’s Global Drilling Products & Services Company” General Meeting to consider the acquisition of Reflex Holding AB 8 August 2006
Slide 3: Contents
CONTENTS « Company Overview - Imdex « The Chardec acquisition/synergies with Reflex « Reflex Operations = New Technology * Consideration * Worldwide Exploration Trends » Summary
Slide 4: Company Overview
COMPANY OVERVIEW = Imdex is a Perth based listed company specialising in supplying drilling products and services to the mining, oil & gas, water well and civil industries in Australia and internationally =" Market leader status in-‘many of our disciplines « Rationalisation of the Group continued wi
Slide 5: Chardec Consultants Limited
Chardec Consultants Limited =» Imdex completed the Chardec acquisition on 4 August 2006, effective 1 August =" Chardec provides Imdex with its own product development and manufacturing facilities « It facilitates expansion of intellectual property ownership = It delivers significant cost savings whi
Slide 6: Reflex Instrument
| INSTRUMENT | Na Let’s straighten things out!
Slide 7: Reflex Instrument
|REFLEX i INSTRUMENT We straighten things out... Reflex offers highly accurate surveying instruments that provide reliable information about the actual location and direction of drill holes. With Reflex products and support, companies all over the world are able to cut costs and increase profits in
Slide 8: Reflex product line
|REFLEX INSTRUMENT Reflex product line Reflex MAXIBOR ll, 2005
Slide 9: Why Reflex
Why Reflex Facilitates expansion of the Imdex range of products * Broadens the location in which Imdex currently operates Complements the existing Imdex business which is already the exclusive distributor in Australia and the Asian region for Reflex products Strengthens the skill base of Imdex, incl
Slide 10: Reflex's Areas of Operation
INSTRUMENT Reflex’s Areas of Operation * Head office is situated in Sweden * Operating subsidiaries are located in North America (Canada), South America (Chile) and Africa (South Africa) * Eighteen Agents provide Reflex with effective geographical coverage throughout the world
Slide 11: Reflex Instrument
|REFLEX @ INSTRUMENT ie NG
Slide 12: New Technology
New Technology * Existing Chardec range with the capability to further develop enhanced, leading edge products * Anew product is due to be released soon after the acquisition of Reflex and should occur in the first half of FY07 * A second new product, which should be a world first, is due to be rele
Slide 13: Consideration
Y REFLEX INSTRUMENT Consideration . Purchase price is A$25.4 million . The purchase price to be satisfied by cash at settlement of A$13 million with a further A$2 million on 31 January 2007. In addition, there is a Convertible Note with a face value of A$10.4 million . SMAFI have the right to conver
Slide 14: World Exploration Trends - Total
World Exploration Trends - Total Estimated Exploration Spend Worldwide (Australia plotted separately) $6.0 + _ $5.0 + @ oe Worldwide Spend ($US billions) n & o 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 1993 w 1994 w 1995 @ 1996 w 1997 w 1998 w 1999 @ 2000 wm 2001 w 2002 m
Slide 15: Summary
SUMMARY =» Global mining expenditure has risen strongly and likely to remain strong after a number of years of under investment «= Continuing, increased strong operating conditions in the energy sectors — significant under investment also — capacity constraints =. The Reflex and Chardec acquisitions