Slide 1: 2022 Sustainability Presentation
2022 Sustainability Presentation IMDEX ESG COMMITTEE Classification | Restricted
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
Slide 3: IMDEX is a leading global mining-tech company
IMDEX is a leading global mining-tech company. We enable clients to find, define and mine orebodies with precision and at speed. 3
Slide 4: ESG Committee
ESG Committee Ms Sally-Anne Layman Mr Paul House Mr Paul Evans Mr Shaun Southwell Ms Michelle Carey Non-Executive Director CEO CFO COO Chief of Product Management and Marketing Ms Naz West Ms Kiah Grafton Mr Michael Tomasz Ms Kym Clements Ms Sarah Moredoundt Global QHSE Manager Chief of People IMDEX
Slide 5: Presentation Overview
Presentation OUR INDUSTRY SUSTAINABILITY CHALLENGE & OPPORTUNITY Overview OUR PURPOSE & OUR ESG APPROACH OUR ESG FOCUS AREAS FY22 HIGHLIGHTS AND FY23 TARGETS SUMMARY 5
Slide 6: A genuine commitment to decarbonisation
A genuine Decarbonisation and net zero goals commitment to Reaching a tipping point decarbonisation is being driven from all corners CONSUMER BEHAVIOUR GOVERNMENT POLICY of our global Consumers are increasingly Governments are mandating economy. demanding sustainable change through clear choices and
Slide 7: Industry Opportunity: Increasing demand for minerals used in clean energy technology
Industry Opportunity INCREASING DEMAND FOR MINERALS USED IN CLEAN ENERGY TECHNOLOGY Lithium financing up 256.7% YOY in 2021 Lithium financing* Lithium carbonate CIF Asia price “…S&P expects copper demand will jump from 25 million tonnes in 2021 to 2,500 25,000 50 million tonnes in 2035; this can be
Slide 8: More Mines Needed
More Mines Needed TO DELIVER LONG-TERM DEMAND FOR CRITICAL MINERALS NATURAL SYNTHETIC LITHIUM COBOLT NICKEL GRAPHITE GRAPHITE NUMBER OF NEW NUMBER OF NEW NUMBER OF NEW NUMBER OF NEW NUMBER OF NEW MINES / PLANTS MINES / PLANTS MINES / PLANTS MINES / PLANTS MINES / PLANTS NEEDED NEEDED NEEDED NEEDED N
Slide 9: Mining Industry Challenge
Mining Industry Challenge IN ADDITION TO THE CHALLENGE OF ADDRESSING OVERALL SUPPLY FROM NEW OPERATIONS, MINING ALSO HAS THE TWIN CHALLENGES OF MAKING ITS EXISTING OPERATIONS MORE EFFICIENT AND SUSTAINABLE IN THEIR OWN RIGHT “The mining sector is currently responsible for 4% – 7% greenhouse- gas emi
Slide 10: A plan is not a guarantee (John Doerr quote)
“A plan is not a guarantee. A timely transition to a net-zero future is no sure thing… With the right tools and technology, with precision-honed policies, and most of all with science on our side, we still have a fighting chance.” – JOHN DOERR 2021 (Speed & Scale) 10
Slide 11: Our Purpose and ESG Approach
Our Purpose and ESG Approach 11
Slide 12: We believe mining is essential to every aspect of modern life
“We believe mining is essential to every aspect of modern life. Our opportunity, indeed our responsibility, is to change the global minerals industry forever.” – PAUL HOUSE, IMDEX CEO 12
Slide 13: ESG Inside and Outside of IMDEX
ESG Inside and Outside of IMDEX 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 our clients’ operations and the people and ou
Slide 14: Our ESG Objectives and Focus Areas
Our ESG Objectives and Focus Areas OUR OUR MATERIAL OUR ACCOUNTABLE COMMITMENT TOPICS LEADERSHIP Ensuring a Safe and Health, Safety & Wellbeing, Inclusive Global People Diversity & Inclusion Kiah Grafton Workplace People & Culture Chief of People Driving the Sustainability Technology Solutions, Mich
Slide 15: People FY22 Highlights and FY23 Targets
People FY22 Highlights and FY23 Targets Photo by David Flores – IMDEX Country Manager – Argentina 15
Slide 16: Ensuring a Safe and Inclusive Global Workplace
People OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • LTIFR of 0.77 improved from 1.85 • Improve HSE engagement by Ensuring Health, Safety • Improved safety engagement as a leading indicator 5% and achieve LTIFR below 0.77 & Wellbeing a Safe and Diversity & • Employee engagement u
Slide 17: Refreshed IMDEX Values
Refreshed IMDEX Values Forever We go Together We’re curious. beyond. we thrive. global game changers. We believe in shaping the We are passionate about creating We are a global team of Our rich global experience and diverse future of mining through the positive customer experiences that diverse and
Slide 18: Our Employee Value Proposition
Our Employee Value Proposition Reflecting business Tangible and intangible An environment that requirements, strategic offerings that represent supports engagement milestones and market IMDEX’s brand and support and productivity. practices. wellbeing and development. Formal and informal Programs aim
Slide 19: Innovation FY22 Highlights and FY23 Targets
Innovation FY22 Highlights and FY23 Targets 19
Slide 20: Drive the Sustainability of the Global Minerals Industry
Innovation OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • Released IMDEX OMNI™ sensor • Formalise sustainability Drive the Technology and next generation IQ- LOGGER™ considerations in stage gate development process Solutions, Sustainability Thought • Released next generation fully
Slide 21: Sustainability Benefits of Our Integrated Product Offering
Sustainability Benefits of Our Integrated Product Offering DRILLING OPTIMISATION PRODUCTS ROCK KNOWLEDGE SENSORS REAL-TIME DATA AND ANALYTICS 21
Slide 22: Commitment to Technology Leadership
Commitment to Technology Leadership TOTAL R&D SPEND* ($m) DISCIPLINED R&D 35 20% CAPITAL ALLOCATION 19% 18% 30 HORIZON 1 - Developing the next generation of our existing 17% product suite to maintain and grow our core market (impacting 16% revenues in current year) 25 15% 14% HORIZON 2 – Developing
Slide 23: Our Product Development Process
Our Product DISCIPLINED STAGE GATE DEVELOPMENT PROCESS Development Process PROJECT ENGINEERING COMMERCIAL PILOT END CONCEPT PRODUCTION PLANNING PROTOTYPE PROTOTYPE PRODUCTION OF LIFE “Our products are Concept Requirements Detailed design Commercial Minor product Full production Managed proposal read
Slide 24: Sustainability Benefits of IMDEX Mining Technologies
Sustainability Benefits of IMDEX Mining Technologies 24
Slide 25: Precision Mining and Automation
Precision Mining and Automation Lock in Sustainable Improvement 25
Slide 26: 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 26
Slide 27: Thought Leadership and External Memberships
Thought Leadership and External Memberships We embrace the cooperative process to optimise the global mining industry and regularly contribute to industry events, publications and research projects. During “The commercialisation of home-grown innovation like the IMDEX FY22 we participated in BLAST D
Slide 28: Environmental FY22 Highlights and FY23 Targets
Environmental FY22 Highlights and FY23 Targets Photo by David Flores – IMDEX Country Manager – Argentina 28
Slide 29: Contribute to a Low Emissions Future
Environment OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • Introduction of recyclable plastic • Develop an Environmental Contribute Climate packaging for fluids • Improved waste management at Policy • Measure baseline GHG Resilience, to a Low Operational new manufacturing facility
Slide 30: Low Operational Emissions
Low Operational Emissions 30
Slide 31: Materials and Packaging
Materials and Packaging • Drilling Optimisation fluid products are principally made from natural products and less than 5% contain hydrocarbons • Drilling Optimisation products are available in recyclable cardboard and plastic pails (recycling code 2). • All recyclable components of our rock knowled
Slide 32: Sustainability Benefits of Our Solids Removal Units
Sustainability Benefits of Our Solids Removal Units • Reduces water consumption, mud usage and cartage costs • Reduces wear and tear on drill components • Improves bit-on-bottom time • Eliminates the costs of digging sumps • Improves on-site health and safety, reducing slips and hazards • Increases
Slide 33: Society FY22 Highlights and FY23 Targets
Society FY22 Highlights and FY23 Targets 33
Slide 34: Support Economic Development and Our Local Communities
Society OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • Economic value retained • Meet internal earnings Support Sustainable $71.2m growth targets Earnings Growth • Developed a Community • Implement Procurement Economic Local Support & Engagement Policy for release in FY23 Policy t
Slide 35: Sustainable Earnings Growth
Sustainable Earnings Grow FY22 REVENUE GROWTH BY REGION Sales in 100+ countries Economic value retained in FY22 $71.2m up 28% on pcp Tax strategy reviewed annually to ensure compliance and contributions in 22% countries we operate in 39% 70% of procurement budget from significant local suppliers 21%
Slide 36: Local Support & Engagement
Local Support & Engagement 36
Slide 37: Governance FY22 Highlights and FY23 Targets
Governance FY22 Highlights and FY23 Targets 37
Slide 38: Uphold Ethical and Sustainable Business Practices
Governance OUR MATERIAL FY22 FY23 COMMITMENT TOPICS HIGHLIGHTS KEY TARGETS • Updated Modern Slavery • Refresh Sustainability Policy Uphold Corporate Statement • ESG Committee to become Governance & • Strengthened customer and sub-committee of Audit, Risk Ethical and Risk supplier due diligence proce
Slide 39: Anti-Corruption and Training
Anti-Corruption and Training 39
Slide 40: Summary
Summary 40
Slide 41: Summary
Summary • We have made progress with our sustainability journey and are focusing on our own footprint to contribute towards net zero • Demand for critical metals for clean energy presents a significant opportunity • The mining industry is focusing on greater efficiencies to support the transition to
Slide 42: We need to get to the point where society views mining as necessary
"We need to get to the point where society views mining as necessary for the wellbeing of its own existence." – TONY O’NEIL, ANGLO AMERICAN 42
Slide 43: Thank you.
Thank you. For further information, please contact Kym Clements Investor Relations Officer kym.clements@imdexlimited.com