Slide 1: FY14 Results Presentation
For personal use only FY14 Results Presentation August 2014 1
Slide 2: Agenda
For personal use only Agenda 2
Slide 3: FY14 – overview
FY14 – overview For personal use only • Challenging market conditions in minerals sector continued throughout FY14 • Positive signs of improvement were evident during 4Q14 o Month-on-month increases in Minerals revenue from 3Q14 o 21% increase in the number of REFLEX rental instruments on hire from
Slide 4: FY14 key metrics
For personal use only FY14 key metrics 4
Slide 5: Combined revenue $204.6m
Combined revenue $204.6m For personal use only Includes share of VES JV revenue $21.1m (FY13: $16.6m) 5
Slide 6: Normalised EBITA/EBITDA
Normalised EBITA/EBITDA For personal use only Includes 30% equity accounted VES International JV NPAT. Strong EBITDA margins in the JV of 37% (FY13: 31%). Imdex share of result impacted by amortization , depreciation and tax charges. 6
Slide 7: Financial Review
For personal use only Summary and Outlook Financial Review 7
Slide 8: FY14 EBITA segment result
FY14 EBITA segment result For personal use only The FY14 result includes profit on partial sale of investment in SEH ($24.1m), one-off balance sheet adjustments ($18.2m) , together with costs and provisions relating to product containment incident ($9.1m) 8
Slide 9: Balance sheet
For personal use only Balance sheet 9
Slide 10: Working capital management
Working capital management For personal use only • $2.9m of cash generated from $2.8m of EBITA loss • Working capital release due to improvements in stock and debtor levels 10
Slide 11: Operational Review – Minerals Division
For personal use only Summary and Outlook Operational Review – Minerals Division 11
Slide 12: Minerals Division
For personal use only Minerals Division 12
Slide 13: Revenue base - Minerals
Revenue base - Minerals For personal use only 13
Slide 14: Minerals Division highlights
Minerals Division highlights For personal use only • Continued product development during the cycle • Expansion of customer base, together with greater exposure to resource companies and the production phase of the mining cycle • Increased exposure and capabilities within non mining applications, in
Slide 15: Unique sumpless technology
Unique sumpless technology For personal use only 15
Slide 16: The REFLEX HUB
For personal use only The REFLEX HUB 16
Slide 17: Seamless & integrated
Seamless & integrated For personal use only 17
Slide 18: REFLEX HUB customers positive
REFLEX HUB customers positive For personal use only 18
Slide 19: The REFLEX competitive advantage
The REFLEX competitive advantage For personal use only 19
Slide 20: REFLEX Barometer
REFLEX Barometer For personal use only •Monthly reductions from July 12 peak to December 13 reflecting cyclical slowdown •Up month-on-month for last 3 months, reflecting bottom of cycle •The typical seasonal shut down is throughout December and January 20
Slide 21: Operational Review – Oil & Gas Division
For personal use only Summary and Outlook Operational Review – Oil & Gas Division 21
Slide 22: Oil & Gas Division
For personal use only Oil & Gas Division 22
Slide 23: Oil & Gas Division highlights
Oil & Gas Division highlights For personal use only • New CEO of AMC Oil & Gas appointed • Record revenue levels for Oil & Gas, reflecting ongoing investment in the development of the Division – 39% of combined revenue • Further investment in equipment, working capital and talented personnel to supp
Slide 24: VES JV
For personal use only VES JV 24
Slide 25: VES joint venture
For personal use only VES joint venture 25
Slide 26: Robust oil and gas market
Robust oil and gas market For personal use only 26
Slide 27: Outlook & Summary
For personal use only 27 Outlook & Summary
Slide 28: FY14 operational summary
FY14 operational summary For personal use only • Development during minerals cycle maintained product leadership and competitive advantage • Positive signs of improvement evident during 4Q14 • Diversified customer base and revenue generated by new technologies • Increasing number of SRUs on hire • B
Slide 29: FY15 – the outlook is positive
FY15 – the outlook is positive For personal use only • Evidence of increasing activity and growing optimism for Minerals Division • Increased interest in new technologies, provides an attractive platform for further revenue growth through FY15 and beyond • Alignment with customers focused on maximis
Slide 30: FY15 – key areas of focus
FY15 – key areas of focus For personal use only • Investing in Imdex’s oil and gas business to accelerate growth • Marketing new technologies to new and existing customers globally • Increasing annuity revenue streams via REFLEX HUB • Supporting customers to increase the productivity and efficiency
Slide 31: The growth phase
For personal use only The growth phase 31
Slide 32: Appendix
For personal use only APPENDIX 32 Appendix
Slide 33: Business overview
For personal use only Business overview
Slide 34: Minerals growth opportunities FY15
Minerals growth opportunities FY15 For personal use only 34
Slide 35: SRUs – what are the benefits?
SRUs – what are the benefits? For personal use only 35
Slide 36: SRUs – quantifying the benefits
SRUs – quantifying the benefits For personal use only 36
Slide 37: REFLEX HUB increasing efficiencies
REFLEX HUB increasing efficiencies For personal use only 37
Slide 38: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Imdex Limited (“the Company”). It contains general 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 purport to be complete. Th