Slide 1: Investor Presentation August 2005
oo a i — : AS SS i ao _ - _ - = = ~ - - - Hon - 19% & 22°¢ August 2005 ted Investor Presentat 18th im 2 Codan L
Slide 2: Contents
— oF oo = = = SS EN SRR oS SS o oo « Company Over Products . Oo oO ay See o s © o ee: ja) Oo 6 a Contents
Slide 3: Codan - The Company
Codan—The Co oO oO 3 (2) — Cc Oo oa € (e) oO c & Austral products Novemb isted In L
Slide 4: Design and Manufacture Operations
2 Cc Design and.manufactur ia Melbourne Austral Operations
Slide 5: Products
Ol as) o 5 -ad ions icrowa ite Communi ides value li ital M HE Radio D = Satel igi i Communicat Codan prov Products
Slide 6: Products
re Fe 2 Q © c a oO 3 7) 3 5 a o. ao) Se o G c © & oa = isa ts” bus © ADproxi Codan projec Products
Slide 7: Products
Products HE Baelics Oe. 300 km above earth Earth Long range commmurieations 0 - 5000 kms New Products and Investment for Growth
Slide 8: Products - HF Radio
Products HF Radio a oo am Radio transceivers, modems and accessories for land vehicle installed, base station and backpack applications Lo a ay LLL: ig ii i a : fs is a i New Products and Jivestnent for Growth
Slide 9: Excellent Radio, Lightweight
— 7 on =. & =| in = “| o fu 10 Excellent Rad — — ight Lightwe
Slide 10: Products - Satellite
Products C and Ku Band Satellite Transceivers, Block Up Converters and Solid State High Power Amplifiers for satellite communications earth stations 36,000 km New Products and Investment for Growth
Slide 11: ace
ace
Slide 12: Products - Digital Microwave Radio
Products Digital Microwave Radia Digital Microwave Radio (DMR) links for terrestrial communications including cellular telephone networks New Products and Investment for Growth
Slide 13: Codan 8800 Product Family
BOSS oS - = Se _ x = > tat e 3 3 -_ 3 ° ’ 2 = 2 * 5 s 3 ad S) ily — Indoor Unit Codan 8800 Product Fam
Slide 14: Codan Broadcast
B@ CODAN BROADCAST
Slide 15: Codan Broadcast
CODAN BROADCAST
Slide 16: Customer types
Customer types * Many government o ® = ¢ © — Cc © & ® Oo Sane 2 ee © = © md oo SS taria d and humani wo A ee oO - — . So
Slide 17: Financial Results - Revenue
inancial Resu Revenue HF Radio Com Satellite C F
Slide 18: Financial Results FY05: Operating Revenue
Financial Results FY 05: Operating Revenue $133.8 $ Million New Products and Investment for Growth
Slide 19: Total Revenue
a Total Revenue EBITDA Depreci ey, Co Gy ee ae ee ee
Slide 20: Financial Results - Currency Hedging
<_ _ rts—=—“‘“‘“‘“‘CéiésOOCO a -r,r——— a ihe 2 nancial Resu Hedged excha Strong Currency Heac ao. ci» F
Slide 21: Financial Results FY05: EBITDA
Financial Results FY05 EBITDA < 2 = wn 2004* IDES IMPAC1 OF PROPERTY SALE New Products and Investment for Growth
Slide 22: Financial Results FY05
Financial Results FY0S < 2 = vd | PORES IMUACT OF PROPERTY BALE New Products and Investment for Growth
Slide 23: Financial Results - Dividend
oS es ee: (7) g c cH & 2 S oS G 2 q s S a 3 2 19 2 o oo Q c 3 3 ° oF - © os & id capi ividend (cents) ancial Results ividend ings per.or d id April, fully fra a bk issue ai ae Interim Earn (on (p F D
Slide 24: Balance Sheet
F CURRENT ASSETS Cash Receivables inventories Other CURRENT A Investments t ipmen Property, Plan Non Equ
Slide 25: Maintaining Profit
— — oe oS . ined Prof inta Ma
Slide 26: Maintaining Profit After Tax
intain ine Prof t After Tax (e ined Profi an environmen ta In Ma {of = = < o) ® £ > 5 c ® = 5 5 D < se) = n a i NUE ae Cont d strong de from wi arising
Slide 27: Be of a oo oe ee ie a. o £ SI S cy “a
8 Be of a oo oe ee 5 ie a. o £ SI S cy 6 “a = tl
Slide 28: Continuous Growth
Tf th inuous grow Cont sales ¢ - SS oo a term has re over two ) ining Profit t manageme! x ta ium igen med via D
Slide 29: Maintaining Profit FY05
Naintaining Profit FYOS Maintenance of cumulative business performance above 15'% compound growth objective over the me NPAT Trend Smrillions 2006 2002 2003 2004 2005 Financial Years 2001 Actual — — 15% Compound Growth Business Objective | New Products and Investment for Growth
Slide 30: Capital Program
tal progra . capi Total oS SS — Expanded and Upgrade Infrastructure lee le
Slide 31: Capital Expenditure to Date
2 = * ture.to date z 0 = a bee 6 4 Total planned expend Expend Status Cap
Slide 32: = OS = =a
= OS = =a
Slide 33: New DMR Technology
S < be E Ss = Cap New DMR Technolog als — — ee — oe -— - 2S — — ~ oo — —
Slide 34: Codan 8800 - Outdoor Unit
Po Pc odan 8800 - Outdoor Unit 1 ei ly i Indoor Unit cee Codan 8800 Product Fam
Slide 35: Capital for Acquisitions
ion — — IS & V. = = (2) (ab) | aoe © Cc oO ww Cc i) ~~ oO + a cab) Q. e) Capital for Acqui:
Slide 36: Codan Broadcast
CODAN BROADCAST
Slide 37: — rerr—
oe : = Se — rerr— — oo |. oS . —
Slide 38: Excellent Radio, Lightweight
<a a = S. =| iI & * a oa 10 Excellent Radi d ight htwe 1g Li
Slide 39: ace
ace
Slide 40: Environment - General recovery
= S) s = = oO = o Oo G Q 2 oO) (ey) e 2) ns gd) ie —_ _ oO —_ O — ) oO fe e ironment . General recovery Env Cg _ ap
Slide 41: Communications
ions t ICa Commun ine a eo ” LY © wn ° whew’: whet: S © = a ae) ® > ® Ke)
Slide 42: Broadcast Products and Brand
= e) 2 = d market inue Broadcast Produ brand a» Cont
Slide 43: Continue Share Value
Ss =) ~ Sy 8 a oo oO ircu inue ia inted C share v Cont Pr
Slide 44: Growth opportunities
aS SS aS ® c > Q ne) © O Cc oO £ - o ro © 0) > Growth opportun
Slide 45: oe Se — ee oo .. — . oe ee
oe Se — ee oo .. — . oe ee