Imdex Ltd · ASX:IMD

Imdex — FY2020 Earnings Presentation

32 slides from Imdex's earnings presentation, Aug 17, 2020

  1. Slide 1: FY20 Results Presentation

    IMDEX For personal use only FY20 Results Presentation CONFIDENTIAL PROPERTY OF 17 AUGUST 2020 © IMDEX LIMITED PAUL HOUSE – CHIEF EXECUTIVE OFFICER PAUL EVANS – CHIEF FINANCIAL OFFICER & COMPANY SECRETARY

  2. Slide 2: We are a leading global Mining-Tech company

    We are a leading global Mining-Tech company. For personal use only We develop drilling optimisation products and cloud-connected sensors to provide real-time rock knowledge and quality data. Together they enhance decision making and sustainable operations across the mining value chain – from the dri

  3. Slide 3: A leading global Mining-Tech company

    A leading global Mining-Tech company For personal use only 4 YEAR REVENUE CAGR FY20 EBITDA MARGIN BALANCE SHEET – Outperforming 13.0% 23.3% STRONG NET CASH minerals industry POSITION market growth 4 YEAR EBITDA CAGR INCLUDING AASB16 $32.2m Investing in core and exciting new 24.0% UP 38% ON PCP AS AT

  4. Slide 4: How we provide real-time rock knowledge and quality data

    How we provide real-time rock knowledge and quality data For personal use only • Drilling • Downhole survey productivity and ........ 1.33 Rock sensors . rig alignment Drilling Knowledge • Core orientation technologies Optimisation Sensors and gamma logging • Automated and technologies remote drilli

  5. Slide 5: Why real-time rock knowledge is important

    Why real-time rock knowledge is important For personal use only Rock knowledge is an We enable the timely delivering MANY $1BN MINING understanding of location, of quality data, giving clarity INVESTMENT DECISIONS ARE texture, grade and mineralogy. on the nature of the rock to MADE HAVING SAMPLED ON

  6. Slide 6: FY20 Highlights

    FY20 Highlights For personal use only FINANCIAL OPERATIONAL RECORD REVENUE • Continued to strengthen quality of rental fleet. Average monthly rental rate up 8% on FY19 FOR THE 9 MONTHS THROUGH TO MARCH • Completed Flexidrill acquisition to support Drilling Optimisation offering and acquired AusSpec

  7. Slide 7: FY20 Financial Review

    FY20 FINANCIAL REVIEW For personal use only PAUL EVANS IMDEX CFO & COMPANY SECRETARY 7

  8. Slide 8: Key Metrics

    Key Metrics For personal use only $m FY20 FY20 FY19 Including AASB 16 Excluding AASB16 Excluding AASB16 VAR Revenue 237.7 237.7 243.7 -2% EBITDA (excl $3.6m gain on VES sale) 54.4 48.0 52.3 -9% EBITDA margin % 23.3 20.2 20.1 - NPBT 29.1 30.7 37.4 -18% NPAT 21.8 22.9 27.6 -17% EPS (cents) 5.64 5.94 7

  9. Slide 9: Revenue by Region

    Revenue by Region For personal use only 13.0% — 4 YEAR CAGR • Record revenue for the 243.7 9 months through to March 237.7 218.5 218.5 • 4Q20 revenue impacted by COVID-19 176.2 • COVID-19 business disruption 143.3 stabilised late April • Continued to strengthen quality of rental fleet. Average month

  10. Slide 10: EBITDA & EBITDA Margin %

    EBITDA & EBITDA Margin % For personal use only 24.0% — 4 YEAR CAGR 52.3 54.4 including AASB 16 • Sustained investment in R&D 48.0 in line with growth strategy excluding AASB 16 42.4 • Benefited from digital transformation 31.5 • Ongoing focus on streamlining operations 20.3 and managing costs 1 1 in

  11. Slide 11: Reconciliation of EBITDA

    Reconciliation of EBITDA For personal use only 3.0 5.5 54.4 52.4 STRONG 9.6 0.9 EBITDA CONVERSION TO OPERATING CASHFLOW UP 31% ON FY19 EBITDA Working Other Tax Finance Cash from (including AASB 16) Capital Costs Operations $m 11

  12. Slide 12: Balance Sheet

    Balance Sheet For personal use only $m 30 JUNE 2020 30 JUNE 2019 Cash 38.3 29.5 Receivables 43.5 54.7 Inventory 41.2 37.1 CASH Fixed assets 79.6 39.4 $38.3m 1 83.6 59.5 UP 29.8% Intangibles 2 Other assets / deferred tax 31.9 39.0 ON PCP TOTAL ASSETS 318.1 259.2 Payables 26.9 25.3 INTERIM FULLY-FRANK

  13. Slide 13: ESG

    ESG For personal use only FY20 ACHIEVEMENTS “IMDEX is proud of its role in improving the ESG Established ESG Committee position of its clients within the mining industry. We are committed to both our disclosure of ESG Undertook climate change gap analysis based on TCFD related risks and opportunitie

  14. Slide 14: Update on Operations

    UPDATE ON OPERATIONS For personal use only PAUL HOUSE IMDEX CEO 14

  15. Slide 15: Our Market and the Impact of COVID-19

    Our Market and the Impact of COVID-19 For personal use only Evolution of COVID-19 Government Mandated Restrictions on Mining Regions Evolution of COVID-19 Government Mandated Restrictions on Mining Regions Asia Pacific Apr-20 May-20 Jun-20 Jul-20 Aug-20 North America Apr-20 May-20 Jun-20 Jul-20 Aug-

  16. Slide 16: Update on Growth

    UPDATE ON GROWTH For personal use only PAUL HOUSE IMDEX CEO 16

  17. Slide 17: Consistent Growth Strategy

    Consistent Growth Strategy PRODUCTS For personal use only PRODUCTS Growing our Three pathways to growth core business by DRILLING Acquire PRODUCTIVITY Acquire enhancing technical TECHNOLOGIES IMDEX MINING TECHNOLOGIES BuildBuild leadership, technical NEW (INC COREVIBE™, (INC BLAST DOG™ Collaborate C

  18. Slide 18: Ongoing R&D to Expand Core Business

    Ongoing R&D to Expand Core Business For personal use only DRILLING IMDEX 58% OF TOP 100 PRODUCTS / TECHNOLOGIES NEW PRODUCTIVITY MINING CLIENTS ARE CONNECTED TO IMDEXHUB-IQ™ TECHNOLOGIES TECHNOLOGIES UP FROM 49 AT JUNE 19 MARKET 70% OF TOP 100 ONGOING R&D EXISTING EXTENSION CORE CORE BUSINESS BUSINE

  19. Slide 19: Premium Drilling Optimisation Technologies

    Premium Drilling Optimisation Technologies For personal use only Client Benefits Progress Update DRILLING IMDEX COREVIBE™ • High frequency energy pulse • Full pipeline of trials assisted drilling for wireline coring • COVID-19 interruption, discretionary PRODUCTS / TECHNOLOGIES NEW PRODUCTIVITY MINI

  20. Slide 20: IMDEX Mining Technologies – BLASTDOG

    IMDEX Mining Technologies – BLASTDOG™ For personal use only METS Ignited project - optimising blasting outcomes based on high-resolution 3D DRILLING IMDEX PRODUCTS / TECHNOLOGIES NEW PRODUCTIVITY MINING TECHNOLOGIES TECHNOLOGIES ONGOING R&D MARKET material models and material tracking in pit Top 50

  21. Slide 21: Strategic Acquisition – AusSpec

    Strategic Acquisition – AusSpec For personal use only AusSpec enhances IMDEX’s rock AusSpec co-founder Dr Sasha Pontual knowledge offering with spectral is the world-leading spectral mineralogy mineralogy and AI technologies expert. Dr Pontual and AusSpec personnel joined the IMDEX team. aiSIRIS is

  22. Slide 22: Outlook & Key Points

    OUTLOOK & KEY POINTS For personal use only PAUL HOUSE IMDEX CEO 22

  23. Slide 23: Positive Growth Outlook

    Positive Growth Outlook For personal use only Solid underlying industry fundamentals remain Major and intermediate resource companies – strong balance sheets and focused on replacing reserves New discoveries under cover and at depth – more drilling and the need to shorten development times Resource

  24. Slide 24: Positioned to Deliver Attractive Returns

    Positioned to Deliver Attractive Returns For personal use only Strong balance sheet and position Compelling opportunities for to deliver recurring revenue long-term revenue and earnings Strong cash flow from operations growth for core business and market extension Market leading patent protected Est

  25. Slide 25: For personal use only

    For personal use only 25

  26. Slide 26: 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

  27. Slide 27: Appendices

    For personal use only Appendices

  28. Slide 28: Our Optimised Drill Site

    Our Optimised Drill Site For personal use only 3rd party software Satellite technology REPORTING EDUCATION & TRAINING DRILLING TECHNOLOGIES Daily Drill Report Online learning COREVIBE™ XTRACTA™ STRUCTURAL IN-FIELD GEOANALYSIS aiSIRIS MAGHAMMER™ AMC BOS™ Sample IQ-LOGGER™ preparation IMDEX ioGAS™ (An

  29. Slide 29: Company Snapshot

    Company Snapshot For personal use only SHARE REGISTER CORPORATE INFORMATION AT 30 JUNE 2020 ANALYSIS OF TOP 50 SHAREHOLDERS AS AT 24 JULY 2020 ASX listed IMD Institutions 69.07% Share price $ 1.11 Employees, directors & company related parties 2.51% Issued shares m 388.1 Private shareholders 5.05% M

  30. Slide 30: IMDEX Board

    IMDEX Board For personal use only Committed to driving sustainable growth Ms Sally-Anne Layman Mr Kevin Dundo Mr Anthony Wooles Mr Ivan Gustavino Non-Executive Director Non-Executive Director Non-Executive Chairman Non-Executive Director

  31. Slide 31: Executive Leadership Team

    Executive Leadership Team For personal use only Paul House Paul Evans Shaun Southwell Mathew Regan Michelle Carey CEO CFO & Company Chief Operating Chief Corporate Global Manager – IMDEX Secretary Officer Shared Services Product Development Dave Lawie Tim Price Kylie Panckhurst Kiah Grafton Derek Lo

  32. Slide 32: Established Global Business

    replace with Timaru Established Global Business For personal use only STRONG MARKET PRESENCE ON Smithers - Canada East Sussex - UK Rastede - Germany 70% OF MINERAL Vancouver - Canada Timmins - Canada Amsterdam - Netherlands DRILLING PROJECTS Salt Lake City - USA San Luis Obispo - USA GLOBALLY Phoeni

Imdex — FY2020 Earnings Presentation on 6ix