Slide 1: General Meeting Presentations
5 August 2005 The Manager Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 Dear Sirs GENERAL MEETING PRESENTATIONS The Company will hold a General Meeting at 11am in Perth, today, Friday 5 August 2005. The Chairman’s Address and Managing
Slide 2: Chairman's Presentation
CHAIRMAN’S PRESENTATION Ladies and Gentlemen, at this meeting shareholders will be asked to consider the proposed acquisition of the business, related assets and intellectual property of Samchem and Iscosa. The purchase price is approximately AUD $7 million and will be satisfied 50% in cash and 50%
Slide 3: Imdex Limited General Meeting - The Imdex Strategy
Imdex Limited Welcome to the General Meeting of Shareholders to consider the Samchem acquisition 5 August 2005 imdey ae THE IMDEX STRATEGY Transform a diverse local company into a focused global company providing “drilling products & services” to the oil & gas, mining, water well and civil industrie
Slide 4: The Business of Samchem
THE BUSINESS OF SAMCHEM ¢ Background ¢ Operations ¢ Production ¢ Research & Development ¢ Strategic Value e Financial Contribution ¢ Consideration BACKGROUND Major manufacturer & supplier of drilling fluids and services s Established mining, oil & gas markets a South African based - large market sha
Slide 5: Operations
OPERATIONS Largest supplier of drilling fluid chemicals to mining industry in Africa Specialises in drilling foams and biodegradable lubricants Strong business in South Africa Exports to many countries in Africa and overseas Key management in place and continuing 30+ employees transferring with the
Slide 6: Production
PRODUCTION ¢ Production facility in Johannesburg ¢ Facility has been extensively re- developed over last 3 years e Spare capacity to be utilised in line with growth plans RESEARCH & DEVELOPMENT
Slide 7: Research & Development and Strategic Value
RESEARCH & DEVELOPMENT e Technical expertise ¢« Strong R&D function e Aim to become the central R&D facility for Imdex STRATEGIC VALUE Structure & manufacturing facility in South Africa * Region as a whole — significant for Imdex’s core business Enhances Imdex’s R&D capability Sd Upside from clay &
Slide 8: Financial Contribution and Consideration
FINANCIAL CONTRIBUTION « Samchem’s revenue for FYO5 was Rand 44.3m (A$8.7m). Iscosa’s clay chemicals added a further Rand 4.1m (A$780k) ¢.EBIT ~.FY05: Rand 6.1m (A$1.2 m). Clay chemicals Rand 1.1m (A$190k) * EBIT approx 14% of revenue ¢ Similar levels expected for FY06 CONSIDERATION e Purchase price
Slide 9: Australia's global Drilling Products & Services Company
Australia’s global “Drilling Products & Services” Company - a service provider to the natural resources industries