Imdex Ltd · ASX:IMD
Imdex — Euroz Securities Institutional Conference, Rottnest Island 2015
27 slides from Imdex's conference presentation, Mar 12, 2015
Slide 1: ASX cover letter: Euroz Rottnest Forum Presentation
216 Balcatta Road, Balcatta Western Australia 6021 PO Box 1262, Osborne Park Western Australia 6916 Tel: +61 (0) 8 9445 4020 Fax: +61 (0) 8 9445 4042 imdex@imdexlimited.com www.imdexlimited.com ABN 78 008 947 813 For personal use only 12 March 2015 Company Announcements Office ASX Limited Exchange C
Slide 2: Euroz Securities Institutional Conference, Rottnest Island March 2015
For personal use only EUROZ SECURITIES INSTITUTIONAL CONFERENCE Rottnest Island March 2015 1
Slide 3: Structured to meet client needs
Structured to meet client needs For personal use only
Slide 4: Global business – Located where our customers are
Global business – Located where our customers are For personal use only
Slide 5: 1H15 Results Overview
1H15 Results Overview For personal use only Market conditions in the minerals sector improved during 1H15 8.5% increase in the average number of REFLEX rental instruments on hire in 1H15 compared to the prior corresponding period Growing number of SRUs on hire, with further increases expected Increa
Slide 6: 1H15 Key Metrics
For personal use only 1H15 Key Metrics 5
Slide 7: Group Revenue
Group Revenue For personal use only Combined Revenue increased 12.3% to $114.4 million: Minerals Division 62%; Oil & Gas Division 38% - Inclusive of VES revenue of $13m (1H14: $9.7m). Includes 30% equity accounted VES NPAT. Strong EBITDA margins in VES of 36% (1H14: 36%). Signs of measured Minerals
Slide 8: Global Business Increasing Combined Revenue
Global Business Increasing Combined Revenue For personal use only 7
Slide 9: 1H15 EBITDA Segment Result
1H15 EBITDA Segment Result For personal use only The 1H15 result includes profit on sale of remaining investment in SEH ($14.2m), together with an additional amount provided for in relation to the product containment incident announced to the market on 13 March 2014 ($2.1m). 8
Slide 10: Balance Sheet
Balance Sheet For personal use only Sale of our remaining SEH investment in 1H15 VES investment increased due to strengthening USD Receivable increases due to increasing business and tougher collection environment 31 Dec 14 net debt $30.4m; reduced from SEH proceeds. Comfortable gearing 13.7% Invest
Slide 11: Minerals Division
Minerals Division For personal use only Increasing drilling activity during the period, particularly with the return of some brownfields expenditure by the major resource companies REFLEX Rental fleet barometer average +8.5% for 1H15 versus prior corresponding period Number of SRUs on hire increased
Slide 12: Minerals Division
Minerals Division For personal use only Minerals Division contributed 62% of the Company’s combined revenue 11% increase on the prior corresponding period. 11
Slide 13: Minerals Division – Revenue Base
Minerals Division – Revenue Base For personal use only Minerals revenue largely sourced from intermediate and major mining companies Majority of revenue from development and production projects Diverse mix of commodity exposures – largely gold/copper. Outside of seasonal shutdown, month-on-month inc
Slide 14: Mineral Exploration Expenditure – Non ferrous
Mineral Exploration Expenditure – Non ferrous For personal use only Non ferrous exploration expenditure reduced by >US$10bn over the last 2 years Back to 2007 levels Current activity largely driven by the Majors spending around existing projects (brownfield). In 2014, 39 Major companies accounted fo
Slide 15: The Reflex Story...
For personal use only The Reflex Story...
Slide 16: The Reflex Story...
For personal use only The Reflex Story...
Slide 17: The Reflex Story...
The Reflex Story... For personal use only 16
Slide 18: The Reflex Story...
The Reflex Story... For personal use only 17
Slide 19: The Reflex Story...
The Reflex Story... For personal use only 18
Slide 20: REFLEX HUB – Global customer base
REFLEX HUB – Global customer base For personal use only 19
Slide 21: SRU Growth Drivers & Benefits
SRU Growth Drivers & Benefits Increasing number of Solids Removal For personal use only Units (SRU) on hire due to: Unique sump-less technology Increasing adoption of the SRU technology in the US Increasing environmental regulation & awareness Increasing focus on reduction of cost, increasing drilli
Slide 22: Oil & Gas Division
Oil & Gas Division For personal use only Record revenue of $43.6 million up 14% on prior corresponding period (1H14: $38.2 million) During 1H15, continued investment in AMC Oil & Gas equipment, working capital and personnel Strong revenue and EBITDA performance by VES; EBITDA margins maintained at 3
Slide 23: Oil & Gas Division - Combined Revenue
Oil & Gas Division - Combined Revenue For personal use only 22
Slide 24: VES International
VES International For personal use only Imdex has 30% interest in VES Strong performance in 1H15. 2H15 will be more challenging Focus on continued development of InFlex technology (formerly Target INS). 23
Slide 25: FY15 outlook – cautiously optimistic
FY15 outlook – cautiously optimistic For personal use only Evidence of increasing activity. Cautious optimism for ongoing measured recovery in the Minerals Division Increased interest in new technologies provides a strong platform for further revenue growth through 2015 and beyond Alignment with cus
Slide 26: 2H15: Key priorities
2H15: Key priorities For personal use only Marketing new technologies to new and existing customers globally Increasing sustainable revenue streams via REFLEX HUB Continue to provide solutions to customers to increase the productivity and efficiency of their operations – increasing number of SRUs on
Slide 27: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Imdex Limited (“the Company”). It contains general background information about the Company’s activities current as at the date of the presentation. It is information given in summary form and does not purport to be complete. Th
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