Slide 1: Results Clarification and Presentation for the Year Ended 30 June 2006
28 August 2006 Australian Stock Exchange Limited Company Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2001 BY ELECTRONIC LODGEMENT Dear Sirs RESULTS CLARIFICATION AND PRESENTATION FOR THE YEAR ENDED 30 JUNE 2006 Please find attached the 2006 Results Presentation to be made to bro
Slide 2: Segment Results clarification
The Revised Summary Table in full is attached to this announcement. Segment Results It was stated in the FY2006 Results Commentary that the Drilling Fluids and Chemicals Segment enjoyed revenue growth of 80% and earnings before interest and tax (EBIT) growth of 15%. Included in the Drilling Fluids a
Slide 3: Summary Financial Highlights for the Year Ended 30 June 2006
Imdex Limited Summary Financial Highlights for the Year Ended 30 June 2006 {Audited Results) Consolidated Year Ended Year Ended 30 June 2006 30 June 2005 $000 $000 Revenue from continuing operations 66,792 40,051 Revenue from Imdex Minerals: sold 1 July 2005 - 6,784 Total Revenue 66,792 46 835 — = C
Slide 4: Imdex Limited 2006 Results Presentation
IMDEX LIMITED 2006 RESULTS PRESENTATION “Australia’s Global Drilling Products & Services Company” August 2006
Slide 5: 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 wit
Slide 6: Highlights for FY06
HIGHLIGHTS for FY06 " Operating revenue up 43% = EBIT up by 77% on FY05 * NPAT strong at $8.0m, up 143% on last year = Earnings per share up 66% to 6.1 cents per share « Interim fully franked dividend of 1 cent per share and repeated at full year » Bank debt repaid at 31 December 2005 * Robust cash
Slide 7: Highlights for FY06
HIGHLIGHTS for FY06 * Continued globalisation of the Drilling Fluids & Chemicals business (Australian Mud Company and Samchem) saw revenue growth of 80% and EBIT growth of 91% * Drilling Products and Services (Surtron Technologies and Ace Drilling Supplies) revenue grew by 48% and generated EBIT gro
Slide 8: Results Summary
RESULTS SUMMARY # Revenue up by 2006 2005 2004 43% to $66.8m Year Ended 30 June $000's $000's $000's » FY06 NPAT up by Revenue 66,792 46,835 39,800 91% to $8.0m 43% 18% « EBIT increased to $12m in FY06 (+118%) includes: EBITDA 14,412 6,888 (1,300) 109% 630% EBIT 11,982 5,498 (3,200) 118% 272% Sasa v
Slide 9: Sales Revenue
SALES REVENUE 2006 2005 % Year Ended 30 June $000's $000's Change Drilling Fluids & Chemicals Australian Mud Company 31,386 23,171 35% Samchem 10,383 - - Drilling Products and Services Surtron Technologies 13,843 9,679 43% Ace Drilling Supplies 11,180 7,200 55% Other 6,784 Total Sales 66,792 46,835
Slide 10: Revenue & EBIT by Division
REVENUE & EBIT BY DIVISION Sales by Division Ace 17% Aust Mud Company Surtron 46% 24% Samchem 16% ~ Drilling Products and Services Division EBIT by Division Ace 26% >) Aust Wud | Company 49% Samchem 5% - Drilling Fluids and Chemicals Division
Slide 11: Balance Sheet
BALANCE SHEET 30-Jun-06 30-Jun-05 $ 000's $ 000's Cash 6,421 103 Receivables 18,798 13,918 Inventory 9,707 7,030 Financial assets 124 1,475 Property, plant & equipment 9,967 5,890 Intangible assets 3,219 12 Other.assets 4,512 533 Non current assets held for sale - 6,453 Total Assets 52,748 35,414 Pa
Slide 12: Reflex
REFLEX We straighten things out... Reflex offers highly accurate surveying instruments that provide reliable information about the actual location and direction of drill holes in mining, exploration and construction. The oil & gas industry is a significant target market.
Slide 13: Reflex Acquisition
REFLEX ACQUISITION * Acquisition cost: $25.4m = (i) 13.0m cash at settlement (paid) and $2.0m cash 31 January 2007 = (ii) $10.4m convertible note. Coupon rate 8% « Facilitates expansion of the Imdex range of products « Broadens the locations in which Imdex currently operates = Complements the existi
Slide 14: Reflex Product Line
REFLEX PRODUCT LINE Reflex MAXIBOR Il 2005 Reflex EMS, 1996 Reflex EZ Shot, 1998 Reflex EZ-AQ, 2001 Reflex EZ-AQ/EMS. 2001 ‘ Reflex EZ Dip, 2002
Slide 15: Reflex Worldwide
EFLEX WORLDWIDE cael ee ale Hy aes ii ies) so) Hide
Slide 16: Chardec Acquisition
CHARDEC ACQUISITION =" Acquisition cost: = GBP 6.815m (A$17m) payable as follows: = GBP 2.5m paid at settlement = GBP 2.180 31 July 2007 =» GBP 1.090 31 July 2008 "GBP 1.045 31 July 2009 = ..Chardec owns much of the IP for the existing Reflex range of products » Provides Imdex with its own product d
Slide 17: Investment in Sino Gas & Energy
INVESTMENT IN SINO GAS & ENERGY = Sino Gas & Energy (SGE) focused on becoming an energy company in China — China’s thirst for energy is insatiable » Attractive joint venture with Chevron - >5,500 km2 — Tight gas sands, conventional CBM. GIIP of approx. 8Tcf. Current TGS drilling program yielding pos
Slide 18: Looking Ahead
Looking Ahead =» Imdex linked to buoyant resources & energy sectors — precious metals, base metals, oil & gas, CBM and iron ore industries » Continued expansion for the AMC business globally including Mexico, Central and South America, Africa and Russia «.. Samchem trading better and well positioned
Slide 19: Looking Ahead
Looking Ahead » More aggressive sales growth for the existing Reflex range of products and the launch of new leading edge products onto the market = .Expansion of Chardec/Reflex products into oil & gas industry « Forecasting revenue growth of 45% with further EBIT margin improvement on FY06 * Strong
Slide 20: Imdex is:
IMDEX is: An Australian global Drilling Products & Services Company: a service provider to the natural resources industries