Slide 1: Capital Raising Presentation
For personal use only Capital Raising Presentation Not for distribution or release in the United States or any other jurisdiction in which distribution would be unlawful September 2016 imdexlimited.com
Slide 2: Important Information & Disclaimer
Important Information & Disclaimer For personal use only Summary information This Presentation contains summary information about Imdex Limited (Company), its subsidiaries and their activities which is current as at the date of this Presentation. The information in this Presentation is of a general
Slide 3: Important Information & Disclaimer
Important Information & Disclaimer For personal use only Past performance Investors should note that past performance, including past share price performance and financial performance cannot be relied upon as an indicator of (and provides no guidance as to) future Company performance including futur
Slide 4: Company Snapshot
Company Snapshot For personal use only Corporate Information FY16 Overview ASX Listed IMD • Minerals business performed well – despite challenging market Share Price (31 August 2016) A$ 0.65 conditions Issued Shares m 248.6 • Sale and closure of AMC Oil & Gas – closure costs and VES Market Cap (31 A
Slide 5: Equity Raising
For personal use only Equity Raising 4 imdexlimited.com
Slide 6: Placement Overview
Placement Overview For personal use only • Placement of approximately 72.72m new ordinary Imdex shares (New Shares) in two tranches to sophisticated and professional investors to raise $40m (before issue costs) Size and Structure • Tranche 1 – 37.29 New Shares to raise $20.5m under existing placemen
Slide 7: Share Purchase Plan Overview
Share Purchase Plan Overview For personal use only • Share Purchase Plan (SPP) to raise up to a maximum of $5m (Cap) • Eligible Imdex shareholders with registered addresses in Australia, New Zealand and the United Kingdom will be Size and Structure invited to subscribe for up to $15,000 in ordinary
Slide 8: Raising Rationale, Strategy & Outlook
Raising Rationale, Strategy & Outlook For personal use only • Strengthen balance sheet via significant debt reduction • Improves ability to negotiate a traditional debt facility with lower interest cost Raising Rationale • EPS accretive • Re-set capital and corporate structure to leverage minerals c
Slide 9: Pro-Forma Balance Sheet
Pro-Forma Balance Sheet For personal use only $millions unless indicated otherwise 30 June 2016 Adjustment Pro-forma 30 June 2016 Net cash 13.0 1.7 14.7 Receivables 28.8 - 28.8 Inventory 27.4 - 27.4 Assets held for sale 3.2 - 3.2 Fixed assets 38.2 - 38.2 Intangibles 60.9 - 60.9 Other assets / deferr
Slide 10: Pro-Forma Key Metrics
Pro-Forma Key Metrics For personal use only A$m unless indicated otherwise FY16 Pro-forma FY16 VAR VAR% Cash 13.0 14.7 1.7 13% Net debt 31.2 5.9 -25.3 -81% Gearing (%) 21% 4% -17% -81% (ND / (ND + E)) Interest cover (times) 2.0 21 19 950% (normalized EBITDA / interest expense) • Capital raising stre
Slide 11: International Offer Restrictions
International Offer Restrictions For personal use only This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be o
Slide 12: International Offer Restrictions
International Offer Restrictions For personal use only New Zealand This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (the "FMC Act"). The New Shares are not being offered or sold in New Zealand (or allot
Slide 13: International Offer Restrictions
International Offer Restrictions Switzerland For personal use only The New Shares may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange ("SIX") or on any other stock exchange or regulated trading facility in Switzerland. This document has been prepared without r
Slide 14: Key Risks
Key Risks For personal use only Introduction There are a number of risks, both specific to the Company and of a general nature, which may, either individually or in combination, affect the future operational and financial performance of the Company and the value of its shares. The risks set out belo
Slide 15: Key Risks
Key Risks For personal use only Interest Rate Risks Interest rates may rise significantly which may impact terms of trade, working capital and finance costs in the Company’s future operations. Changes to Government Legislation and Policy including Taxation New legislation and changes to existing leg
Slide 16: Key Risks
Key Risks For personal use only Research and Development The Company will continue its on-going development of and research into new and existing products. The Company can make no representations that the continued development of existing and/or new products and/or services will be successful. There
Slide 17: Appendices
For personal use only Appendices 16 imdexlimited.com
Slide 18: For personal use only
For personal use only 17 Not for distribution or release in the United States or any other jurisdiction in which distribution would be unlawful imdexlimited.com
Slide 19: Established Global Business
Established Global Business For personal use only 18 Not for distribution or release in the United States or any other jurisdiction in which distribution would be unlawful imdexlimited.com
Slide 20: Refined Company Structure
Refined Company Structure For personal use only • 100% focused on core minerals business in FY17 – competitive advantages & differentiated position • Divestment of oil and gas assets – closure and disposal costs are largely limited to FY16 19 Not for distribution or release in the United States or a
Slide 21: End-to-End Solutions, Differentiator
End-to- End Solutions, Differentiator • SRUs • Assay While Drilling (AWD) • Advanced Drilling Fluids • EZ-Gamma For personal use only • Drilling Fluid Sensors & Management Systems • Real-time Drillhole • Geochemistry + Geophysical Data • Desktop Applications • ioGAS • EZ-NAV • Structural Software •
Slide 22: Diversified Clients Base (selection only)
Diversified Clients Base (selection only) For personal use only 21 Not for distribution or release in the United States or any other jurisdiction in which distribution would be unlawful imdexlimited.com
Slide 23: Minerals Barometer
Minerals Barometer For personal use only Average number of REFLEX instruments on hire Seasonal factors: April / May change over from winter to summer drilling programme in North America; December – January traditional holiday shutdown • REFLEX rental fleet – good lead indicator of market conditions
Slide 24: Imdex Board
Imdex Board For personal use only 23 Not for distribution or release in the United States or any other jurisdiction in which distribution would be unlawful imdexlimited.com