Slide 1: Brokers Presentation cover letter to ASX
For personal use only 17 August 2007 Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sir/Madam Brokers Presentation I attach a copy of the presentation to be made to Brokers today and next week. Yours faithfully Imdex Limited Paul
Slide 2: IMDEX Limited FY07 Full Year Results
For personal use only IMDEX Limited “Australia’s Global Drilling Products & Services Company” FY07 FULL YEAR RESULTS August 2007
Slide 3: Imdex company overview
For personal use only Imdex is a Perth based, ASX listed company supplying drilling products and services to the mining, oil & gas, water well and civil industries globally. Imdex has two operating divisions globally: Drilling fluids and chemicals Drilling products (down-hole instrumentation) and se
Slide 4: Record trading results delivered for FY07
For personal use only Record trading results delivered for FY07 Buoyant conditions experienced in resources and energy sectors - we anticipate these conditions will continue Strong contributions from all businesses including acquisitions Full and final recovery of $1.1m cash from the RTE/Imdex Joint
Slide 5: Acquisitions of three down-hole surveying companies
For personal use only Expansion of the Group continued in FY07 with the acquisition of three down-hole surveying instrument companies: Reflex, Sweden Chardec, UK Flexit, Sweden (1 August 06) (1 August 06) (1 May 07) $25.4m $17m $22m August 2007
Slide 6: Post June 2007 acquisitions
For personal use only Post 30 June 2007, 2 acquisitions and a 3rd scheduled for 1 October 2007 PolyDrill, Canada – acquisition effective 1 July 07 (cost A$3.5m) Suay Energy Services, Kazakhstan – acquisition of 75% effective 1 July 07 (cost A$0.5m) Southernland, Chile – acquisition proposed 1 Octobe
Slide 7: Highlights
HIGHLIGHTS For personal use only up 153% up 79% up 69% up 60% up 44% 1.5 cents Final fully EBITA Earnings franked Operating (normal Net Profit Operating per share dividend Revenue operations) after Tax cash flow (8.7 cents) per share August 2007
Slide 8: Group structure
GROUP STRUCTURE For personal use only IMDEX LIMITED Drilling Fluids & Drilling Products & Chemicals Division Services Division Australian Suay Southern Samchem Mud Polydrill * Surtron Reflex Chardec Flexit Energy * land ^ Company * - From 1 July 2007 ^ - From 1 October 2007 August 2007
Slide 9: Global reach – regional expertise
GLOBAL REACH – REGIONAL EXPERTISE For personal use only Major Operational Locations Other Operations Europe Germany Sweden Kazakhstan Switzerland Mongolia Turkey UK Vallentuna (Sweden) Timmins Calgary East Sussex (UK) Almaty (Kazakhstan) China Indonesia Laos Malaysia New Zealand Congo Papua New Guin
Slide 10: Results summary
RESULTS SUMMARY For personal use only 2007 2006 2005 Year ended 30 June $000’s $000’s $000’s Revenue 119,340 66,792 40,051 79% 67% 1% EBITDA 30,196 14,414 6,889 Sales up 109% 109% 630% by 79% EBIT 22,398 11,983 5,499 87% 118% 272% Net Profit after Tax 13,518 7,984 4,172 69% 91% 213% Operating Cash F
Slide 11: Revenue by segment
REVENUE BY SEGMENT For personal use only 2007 2006 % Year ended 30 June $000’s $000’s Change Drilling Fluids & Chemical 62,353 41,689 50% Drilling Products & Services 56,139 25,023 124% Sales up Other* 848 80 by 50% and 124% Total Revenue 119,340 66,792 79% * -comprises interest earned by corporate
Slide 12: Fluids & Chemicals
FLUIDS & CHEMICALS For personal use only Segment revenue of $62.4m (up 50% on prior period) Segment EBITA up 82% on prior period Comprises: Australian Mud Company and Samchem Will also include PolyDrill (North America), Suay (Caspian Sea region) and Southernland (Latin America) in FY08 Servicing min
Slide 13: Products & Services
PRODUCTS & SERVICES For personal use only Segment revenue of $56.1m (up 124% on prior period) Segment EBITA up 235% on prior period Comprises: Surtron, Reflex (now includes Ace Drilling), Chardec and Flexit Geophysical Logging concentrated in the high growth iron ore industry in Pilbara region of We
Slide 14: Balance sheet
BALANCE SHEET For personal use only 2007 2006 Strong cash position $000’s $000’s Cash 15,271 6,421 Significant uplift in total assets Receivables 27,806 18,798 due to acquisitions Inventory 13,839 9,707 Financial assets 16,056 4,500 Increase in debt levels, however, gearing at 35% Property, plant &
Slide 15: Imdex snapshot
IMDEX SNAPSHOT For personal use only Current share price 107¢ Number of shares 181.30M Market capitalisation $193.99M EBITDA $30.20M Depreciation ($4.37M) EBITA $25.83M Amortisation ($3.43M) EBIT $22.40M NPAT $13.52M Basic earnings per share 8.74¢ Earnings per share growth 44% Ian Burston Chairman B
Slide 16: Outlook
OUTLOOK For personal use only Imdex is becoming the fourth global player in drilling fluids behind M-I (Schlumberger/Smith International), Halliburton and Baker Hughes Imdex is supplying market leading technology in down hole instrumentation to global markets Global mining expenditure continues to i
Slide 17: Global exploration spend
GLOBAL EXPLORATION SPEND For personal use only Estimated Exploration Spend Worldwide (Non Ferrous) US$ Billions Budgeted mineral $9.0 exploration expenditure was a record US$7.1B $8.0 in 2006. Forecast up $7.0 again in 2007 $6.0 $5.0 Exploration in non mature markets $4.0 growing fast $3.0 $2.0 Dema
Slide 18: Global spend – region & type
GLOBAL SPEND – REGION & TYPE For personal use only Worldwide Exploration Budgets* Worldwide Exploration Budgets* by Region 2006 (%) by Stage 2006 (%) Pacific / United Latin SE Asia States America Minesite Australia 4% Grass 8% 24% 18% roots 11% 39% 16% 19% Africa 18% 43% Canada Late Stage Rest of Wo
Slide 19: Imdex closing slide
For personal use only IMDEX is an Australian global Drilling Products & Services Company a service provider to the natural resources industries