Imdex Ltd · ASX:IMD
Imdex — UBS Australasia Conference 2019
39 slides from Imdex's conference presentation, Nov 18, 2019
Slide 1: ASX cover letter: UBS Australasia Conference 2019
For personal use only 19 November 2019 Company Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sir/Madam UBS Australasia Conference 2019 Please find attached the UBS Australasia Conference 2019 Presentation to be presented later today. Yours faithfully Imdex Li
Slide 2: UBS Australasia Conference 2019
IMDEX presentation For personal use only UBS Australasia Conference 2019 CONFIDENTIAL – PROPERTY OF © IMDEX LIMITED NOVEMBER 2019 PAUL HOUSE – CHIEF OPERATING OFFICER PAUL EVANS – CHIEF FINANCIAL OFFICER & COMPANY SECRETARY
Slide 3: IMDEX at a Glance
IMDEX at a Glance A leading global Mining-Tech company For personal use only REVENUE CAGR FY19 EBITDA MARGIN STRONG NET CASH Outperforming 19% 21% POSITION market growth EBITDA CAGR $23.2m Exciting pipeline of STRONG COMPETITIVE new technologies 37% POSITION AS AT 30 JUNE 2019 FY17 – FY19 Compelling
Slide 4: What Our Technologies Do
What Our Technologies Do Enable successful cost-effective operations For personal use only We develop cloud-connected sensors and drilling optimisation products to improve the process of identifying and extracting mineral resources globally. Drilling Drilling 1.33 Accurate Accurate faster & smarter
Slide 5: IMDEX Technologies
IMDEX Technologies Applicable across the whole mining value chain For personal use only 1.33 Drilling Accurate faster & smarter subsurface data “faster It’s about drilling and smarter ........ . and knowing your rocks in real-time.” DR MICHELLE CAREY GENERAL MANAGER Receiving real-time IMDEX PRODUCT
Slide 6: IMDEX Integrated Solutions
IMDEX Integrated Solutions Strong competitive position For personal use only ASSAY GEOCHEMISTRY COMPREHENSIVE SATELLITE IMAGERY RANGE OF END-TO-END CONNECTED GEOPHYSICS SOLUTIONS STRONG IP 01 PROTECTION SURVEY 36 DATA 07 SPATIAL HIGH BARRIERS DATA TO ENTRY BLAST HOLE SENSOR DATA STRUCTURAL + DRILLIN
Slide 7: Record Quarterly Revenue
Record Quarterly Revenue Improving quality of rental offering For personal use only • Steady growth globally Revenue • Increasing recurring rental revenue 1Q20 up on 1Q19 • New technologies provide additional value to clients and Maintained gross margins generate higher rental rates • Increasing rev
Slide 8: Compelling Opportunities
Compelling Opportunities For personal use only 7
Slide 9: Strategy
Strategy Compelling opportunities for sustainable growth For personal use only • Growing our core business by enhancing technical DRILLING PRODUCTIVITY TECHNOLOGIES IMDEX MINING leadership, technical TECHNOLOGIES NEW (INC COREVIBE™, (INC BLAST DOG™) integration and increasing XTRACTA™ & PRODUCTS / T
Slide 10: Ongoing R&D Core Business
Ongoing R&D Core Business Connecting and enhancing our traditional technologies For personal use only DRILLING IMDEX “If I can get instantaneous information as I’m drilling the ground to understand 49% PRODUCTS / TECHNOLOGIES NEW PRODUCTIVITY MINING TECHNOLOGIES TECHNOLOGIES OF TOP 100 CLIENTS what
Slide 11: Drilling Productivity Technologies
Drilling Productivity Technologies Product Extension For personal use only Client Benefits Progress Update DRILLING IMDEX COREVIBE™ • High frequency energy pulse • Units on rent 1Q20 assisted drilling for wireline coring PRODUCTS / TECHNOLOGIES NEW PRODUCTIVITY MINING TECHNOLOGIES TECHNOLOGIES • Tri
Slide 12: Drilling Productivity Technologies: Product extension investment rationale
Drilling Productivity Technologies Product extension investment rationale For personal use only Attractive MAGHAMMER™ Strong industry Unique addressable initially targeting demand technologies coring rig market: high speed pre-collar for greater with strong IP COREVIBE™ ~1800* drilling through deep
Slide 13: Mining Technologies: Market Extension - Blast DOG
Mining Technologies Market Extension - Blast DOG™ For personal use only Co-development project with Orica – the world’s IMDEX largest provider of commercial explosives and innovative DRILLING PRODUCTS / TECHNOLOGIES NEW PRODUCTIVITY MINING TECHNOLOGIES TECHNOLOGIES blasting systems. Together we are
Slide 14: Mining Technologies - Blast DOG
Mining Technologies - Blast DOG™ Optimised blasting and material tracking 1 2 3 4 5 For personal use only Drilling Domaining Optimised Post-Blast Productivity & Analytics Blasting Metrics Processing Metrics PREDICTABLE FRAGMENTATION OF BLASTED GROUND CONTROLLED VIBRATION, DUST, FUMES AND HEAVE INCRE
Slide 15: Mining Technologies: Market extension investment rationale
Mining Technologies Market extension investment rationale For personal use only Substantial Strong demand Leverages Potential addressable for productivity existing to provide market, increases technology and substantial ~700 operating engineering additional mines expertise sustainable rental revenue
Slide 16: Orebody Intelligence
Orebody Intelligence IMDEX provides high-resolution geoscientific data For personal use only “working We’re excited to be in collaboration with IMDEX, our customers Anglo, Teck and the broader industry on this project, bringing together world- leading experience and expertise to revolutionise drill
Slide 17: Outlook & Summary
For personal use only Outlook & Summary 16
Slide 18: Positive Growth Outlook
Positive Growth Outlook A strong start to FY20 For personal use only Record 1Q20 revenue Resource companies – embracing – increasing activity reflected innovation and new technologies in IMDEX’s growing rental fleet to lower cost, increase safety and achieve greater productivity Major and intermedia
Slide 19: Summary
Summary Positioned to deliver attractive returns For personal use only Strong financial platform – Compelling opportunities for improving recurring revenue and sustainable revenue and earnings cash flow from operations, ability growth – core business and market to increase shareholder returns extens
Slide 20: For personal use only
For personal use only
Slide 21: Thank you
Thank you For personal use only THIS PRESENTATION HAS BEEN PREPARED BY IMDEX LIMITED (“THE COMPANY”). IT CONTAINS GENERAL FOR FURTHER INFORMATION 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 PUR
Slide 22: Appendices
For personal use only Appendices 21
Slide 23: Company Snapshot
Company Snapshot As at 30 September 2019 For personal use only SHARE REGISTER CORPORATE INFORMATION ANALYSIS OF TOP 50 SHAREHOLDERS ASX listed IMD Institutions 64.75% Share price $ 1.40 Employees, directors & company related parties 3.11% Issued shares m 388.1 Private shareholders 6.09% Market cap $
Slide 24: IMDEX Board
IMDEX Board Committed to driving growth strategy For personal use only Mr Bernie Ridgeway Ms Sally-Anne Layman Mr Anthony Wooles Mr Ivan Gustavino Mr Kevin Dundo Managing Director Non-Executive Director Non-Executive Chairman Non-Executive Director Non-Executive Director 23
Slide 25: Executive Leadership Team
Executive Leadership Team Successful track record For personal use only Bernie Ridgeway Paul Evans Paul House Mathew Regan Michelle Carey Managing Director CFO & Company Chief Operating Chief Information and Global Manager – IMDEX Secretary Officer Transformation Officer Product Development Dave Law
Slide 26: ESG
ESG Achievements & Areas of Focus For personal use only SAFETY SOCIAL • Improving safety performance • Implemented Supplier Code of Conduct to align with • Enhancing visible safety leadership IMDEX’s transparent, safe and ethical procurement practices • Improving systems and compliance • Enhanced an
Slide 27: Key Metrics
Key Metrics A strong financial platform For personal use only FY19 FY18 VAR $m $m $m Revenue 243.7 218.5 25.2 FY19 FINANCIAL PERFORMANCE (V FY18) 125.0 EBITDA 52.3 42.4 9.9 25.2 12% 23% 31% EBITDA margin % 21% 19% 2% NPAT 27.6 21.1 13.5 6.5 EPS (cents) 7.4 5.7 1.7 3.6 REVENUE EBITDA NPAT Operating c
Slide 28: Established Global Business
Established Global Business In all the key mining regions of the world For personal use only STRONG MARKET PRESENCE ON Smithers - Canada 70% OF MINERAL East Sussex - UK Rastede - Germany Vancouver - Canada Timmins - Canada Amsterdam - Netherlands DRILLING PROJECTS Salt Lake City - USA GLOBALLY San L
Slide 29: Clients & Industry Partners
Clients & Industry Partners Long-standing collaborative relationships For personal use only OUR CLIENTS Drilling contractors and resource companies globally INDUSTRY PARTNERS / DIRECTLY SUPPORTING LONG-STANDING THOUGHT LEADERSHIP MAJOR MINING COMPANIES DRILLING CLIENTS INDUSTRY PARTNERS Top 50 minin
Slide 30: IMDEXHUB-IQ
IMDEXHUB-IQ™ Enabling instantaneous information For personal use only TRADITIONAL PROCESS E-MAIL DBA / DBMS SQL 01 36 07 Sophisticated Transfered Input to Stored Survey data On-site computer to DBA database driller operable and managed geo-sensors 1.33 • Built-in validation at the time of data colle
Slide 31: New Discoveries
New Discoveries Deeper and under ground cover For personal use only INDUSTRY IS PROGRESSIVELY LOOKING UNDER DEEPER COVER OVER TIME 1900 1920 1940 1960 1980 2000 2020 0 500 Note: Size of the bubble refers to Moderate, Major and 1000 Giant discoveries Excludes satellite deposits within existing camps.
Slide 32: Deeper Drilling
Deeper Drilling Denver Gold Forum - September 2019 For personal use only “isOne of our aspirations 1. Looking Deeper in outcrop areas 2. Exporing under cover to grow our asset base, ideally “through the drill bit” by focussing on brownfield and greenfield exploration opportunities globally. ” NEWCRE
Slide 33: COREVIBE
COREVIBE™ Significant productivity gains for clients For personal use only TRADITIONAL DRILLING COREVIBE™ HIGH FREQUENCY 67 SHIFTS 47 SHIFTS PULSE ASSISTED DRILLING FOR UP TO 33% PRODUCTIVITY WIRELINE CORING IMPROVEMENT OPERATIONS 500m Minimises hole deviation with high penetration rates 1000m Reduc
Slide 34: XTRACTA
XTRACTA™ Significant benefits for clients For personal use only ALLOWS DRILLERS TO INSPECT OR CHANGE THE BIT No need to pull the rods to change bits EACH TIME THE CORE - the hole is always cased, maintaining hole integrity IS RETRIEVED Increase Reduce Risk Reduce Hole Drill Productivity of Injury De
Slide 35: MAGHAMMER
MAGHAMMER™ Significant productivity & safety benefits for clients For personal use only TRADITIONAL RC DRILLING MAGHAMMER™ ON DIAMOND DRILL RIG AIR POWERED WATER POWERED FLUID DRIVEN PERCUSSIVE Entire drill hole can be Significantly safer and zero dust generated DRILLING ON A completed with one rig
Slide 36: Drill & Blast Industry Challenges: Fragmentation
Drill & Blast Industry Challenges Fragmentation For personal use only UNDERGROUND OPERATIONS ABOVEGROUND OPERATIONS 35
Slide 37: Drill & Blast Industry Challenges: Structure
Drill & Blast Industry Challenges Structure For personal use only 36
Slide 38: Drill & Blast Industry Challenges: Fume
Drill & Blast Industry Challenges Fume For personal use only 37
Slide 39: Drill & Blast Industry Challenges: Manual, inefficient processes
Drill & Blast Industry Challenges Manual, inefficient processes For personal use only 38