Imdex Ltd · ASX:IMD
Imdex — Macquarie Australia Conference 2024
37 slides from Imdex's conference presentation, May 7, 2024
Slide 1: Macquarie Australia Conference 2024 Presentation
7 May 2024 Company Announcements Office For personal use only ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2001 MACQUARIE AUSTRALIA CONFERENCE 2024 PRESENTATION Dear Sir/Madam Please find attached the presentation provided by IMDEX at the Macquarie Australia Conference 2024. Yours faithfu
Slide 2: Further Information / About IMDEX
Further Information Kym Clements IMDEX Investor Relations Officer For personal use only Mobile: +61 (0) 415 181 172 Email: kym.clements@imdexlimited.com ABOUT IMDEXTM IMDEX is a leading global Mining-Tech company, which enables successful and cost-effective operations from exploration to production.
Slide 3: Macquarie Australia Conference 7 May 2024
For personal use only Macquarie Australia Conference 7 MAY 2024
Slide 4: Forward Looking Statements
Forward Looking Statements THIS PRESENTATION MAY CONTAIN CERTAIN ‘FORWARD-LOOKING STATEMENTS’ AND RESULTS OR TRENDS TO DIFFER MATERIALLY, INCLUDING BUT NOT LIMITED TO For personal use only PROJECTIONS PROVIDED BY OR ON BEHALF OF IMDEX LIMITED (IMDEX). FORWARD- RETENTION OF KEY BUSINESS RELATIONSHIPS
Slide 5: Our purpose as a leading global mining-tech company
For personal use only Our purpose as a leading global mining-tech company is to efficiently and sustainably unlock the earth’s value. 3
Slide 6: Uniquely positioned to enable customers to find, define and mine orebodies
For personal use only We are uniquely positioned to enable customers to find, define and mine orebodies with precision, confidence and at speed. 4
Slide 7: Presentation Overview
Presentation Overview For personal use only PART ONE PART TWO MARKET UPDATE BUSINESSS UPDATE Today we will provide an Supply Demand Fundamentals Technology Leadership update on the market Commodity Prices Integrated Solutions outlook, our 3Q24 performance and our New Growth Initiatives Capital Raisi
Slide 8: Compelling long-term outlook driven by strong market fundamentals
For personal use only Compelling long-term outlook driven by strong market fundamentals
Slide 9: Supply Demand Imbalance
Supply Demand Imbalance SUPPORTING STRONGER COMMODITY PRICES GOLD SUPPLY CLIFF BIG SHORTFALL IN COPPER SUPPLY For personal use only Top 20 Global Gold Producers PREDICTED TO OPEN UP FROM 2027 Projected Production from Proven and Probable Reserves mn tonnes 50 Estimate 45 0 Millions of Tonnes of Ounc
Slide 10: The Need for Battery Metals Increases Supply Demand Imbalance
The Need for Battery Metals Increases Supply Demand Imbalance OVER THE NEXT 27 YEARS,THE WORLD WILL DEMAND NEARLY TWICE THE VOLUME OF COPPER THE WORLD HAS PRODUCED OVER THE LAST 3,000 YEARS For personal use only 1.4 billion 700 million tonnes of tonnes of Copper new Copper new Copper needed to reach
Slide 11: Key Commodity Prices Have Increased
Key Commodity Prices Have Increased GOLD AND COPPER REPRESENT ~75% OF EXPLORATION ACTIVITY For personal use only GOLD PRICE ($/OZ) COPPER PRICE ($/T) 2,100 2,050 8,600 COPPER PRICE ( US$ / T) GOLD PRICE (US$/OZ) 2,000 8,400 1,950 8,200 1,900 1,850 8,000 1,800 7,800 0 0 Oct 2023 Nov 2023 Dec 2023 Oct
Slide 12: Significant Capital Raisings Are Yet to Follow
Significant Capital Raisings Are Yet to Follow ‘GREEN SHOOTS’ ARE EVIDENT – PARTICULARLY FOR GOLD PROJECTS US$m No. For personal use only 900 350 800 300 March 24 global mining equity 700 raisings by volume up 39% on 250 600 Jan/Feb-24, but down 34% YoY 500 200 400 150 April 24 global mining equity
Slide 13: Global Exploration Budgets Are Yet to Follow
Global Exploration Budgets Are Yet to Follow BUDGETS ARE WELL BELOW 2012 HIGH For personal use only NON-FERROUS GLOBAL EXPLORATION BUDGETS 24 3,000 EXPLORATION BUDGET (US$B) AGGREGATE NONFERROUS NUMBER OF COMPANIES 21 2,500 18 WITH BUDGET 2,000 15 12 1,500 9 1,000 6 500 3 0 0 2021 2022 2023 2013 201
Slide 14: Current Drilling Activity Remains Subdued
Current Drilling Activity Remains Subdued ‘NEPALESE FLAT’ – UP AND DOWN PROJECT DRILLING ACTIVITY BY COMMODITY For personal use only S&P forecast global exploration budgets to be down ~5% for CY241 3Q24 mining activity (by reported drill holes) down ~28% on 3Q231 YTD mining activity (by reported dri
Slide 15: Customers are Echoing the Short-term Cost Pressures and Long-term Opportunities
Customers are Echoing the Short-term Cost Pressures and Long-term Opportunities For personal use only Globally, senior mining companies are well We are encouraged to see elevated activity funded and are maintaining, and in some levels returning in the coming months, regions expanding drilling progra
Slide 16: An Update Around Our Regions Today
An Around Update OurAround Regions Our Today Regions NEAR-TERM COST OUT PROGRAMS For personal use only NORTH • Activity on major exploration programs in USA and SOUTH • Drilling activity remains steady in copper and gold Canada resuming, albeit slower than expected projects, with lithium activity co
Slide 17: Summary
Summary COMPELLING LONG-TERM OUTLOOK For personal use only SUPPLY DEMAND TECHNOLOGY COMMODITY INTEGRATED CAPITAL RAISINGS COMPLEMENTARY GLOBAL EXPLORATION EXTENSION INTO FUNDMENTALS LEADERSHIP PRICES SOLUTION SELLING & EXPLORATION ACQUISITIONS ACTIVITY MINING BUDGETS PRODUCTION Significant need to r
Slide 18: 3Q24 Performance Update
For personal use only 3Q24 Performance Update
Slide 19: 3Q24 Revenue Update (unaudited)
31.0 3Q24 Revenue Update (unaudited) CONTINUING TO OUTPERFORM MARKET ACTIVITY YTD REVENUE $M 336.5 For personal use only Up 4% 296.2 53.2 5.2 3Q24 GROUP REVENUE ON 3Q23* 3Q REVENUE $M 247.7 (2% at constant currency) Up14% 101.1 97.4 5.2 17.0 81.9 247.7 291.0 283.3 YTD GROUP REVENUE ON PCP* (12% at c
Slide 20: Devico 3Q24 Revenue Update (unaudited)
31.0 Devico 3Q24 Revenue Update (unaudited) CONTINUING TO DELIVER REVENUE UP 11% ON PCP For personal use only 17 15.3 11% increase in Directional Drilling revenue, 8.3 9.2 including expansion in USA, Africa, and Australia 11% increase in sensor revenue including benefits 7 7.8 of leveraging the IMDE
Slide 21: Operational Highlights 3Q24
Operational Highlights 3Q24 HUB-IQ Connected ACTx TM NEXT GENERATION TECHNOLOGIES AND PROVIDING DRILLERS WITH A SAFER AND QUICKER DISCIPLINED PORTFOLIO MANAGEMENT CORE ORIENTATION SOLUTION For personal use only P R O V I D I N G G E O L O G I ST S W I T H A C C U R A T E , H I G H QUALITY AND AUDITA
Slide 22: Our growth strategy to continue outperformance
For personal use only Our growth strategy to continue outperformance
Slide 23: Growth Strategy
Growth Strategy DRIVING ABOVE-MARKET PERFORMANCE For personal use only Core Business New Business TECHNOLOGY TECHNOLOGY SOLUTION INTEGRATED DIGITAL COMPLEMENTARY IMT EXTENSION INTO LEADERSHIP LEADERSHIP SELLING SOLUTION SELLING BUSINESS UNIT ACQUISITIONS BUSINESS UNIT MINING Targeted R&D to maintain
Slide 24: Our Opportunity
Our Opportunity THE RISING COST ENVIRONMENT IS PROVIDING OPPORTUNITIES TO INTRODUCE SOLUTIONS THAT IMPROVE PRODUCTIVITY For personal use only We have a unique window within which to offer new technologies and integrated solutions that enhance productivity for customers Costs out Productivity in Mark
Slide 25: IMDEX enhances productivity throughout the mining value chain
IMDEX enhances productivity For personal use only throughout the mining value chain P R O D U C TI VI TY P RO D U C TI V ITY P RO D U C TI V ITY AT THE DRILL RIG AT T H E CO R E FA R M AT T H E B L A ST
Slide 26: IMDEX Customer Value Proposition
IMDEX Customer Value Proposition D R I V I N G P RO D U C TIV I TY For personal use only Quality Representivity Time Savings Leading sensors Data collection for every Actionable information metre drilled in real-time Directional drilling Repeatable Driller operable Drilling optimisation sensor-based
Slide 27: Integrated Solutions | Case Study
Integrated Solutions | Case Study S O U TH E R N A R I ZO N A D R I L L I N G P RO G R A M For personal use only AV. F E E T P E R S H I F T WIN WIN WIN • Increased metres and reserves for resource company • Increased revenue for same rig and labour costs for driller BEFORE AFTER IMDEX IMD • Full so
Slide 28: Integrated Solutions
31.0 Integrated Solutions WHAT SHARE OF EXPLORATION SPEND DOES IMDEX EARN TODAY AND WHAT IS OUR POTENTIAL? For personal use only IMDEX REVENUE FOR EVERY $100 NON-FERROUS GLOBAL SPENT ON EXPLORATION EXPLORATION BUDGETS $1.40 in 2018 US$12.8bn* in calendar 2023 $1.80 in 2023 >US$20bn* $4.00 – $8.00 in
Slide 29: Strong Track Record as a Growth Company
Strong Track Record as a Growth Company S&P EXPLORATION EBITDA BUDGETS REVENUE NORMALISED 1 For personal use only 411.4 122.6 ▲60% 12.8 ▲133% ▲289% 8.1 176.2 31.5 US$B $M $M CY17 CY23 FY17 FY23 FY17 FY23 • The drilling activity % uplift will be lower • Highlighting the continued investment • Highlig
Slide 30: Focus Areas – Investing in Growth
Focus Areas – Investing in Growth For personal use only PROTECTING INVESTING IN OUR INVESTING IN INVESTING IN OUR AND DEVELOPING CORE BUSINESS DIGITAL 2.5 NEW BUSINESS OUR PEOPLE GROWTH GROWTH Capability development including Devico integration and synergies Systems that optimise Additional installe
Slide 31: Why IMDEX will continue to deliver
Why IMDEX will continue to deliver AN UNRIVALLED COMPETITIVE ADVANTAGE For personal use only Ability to Established A Strong Outperforming Accelerate Global Client Financial Platform Industry Growth Organic Growth Network Marketing Leading World-Class R&D Enhancing Commodity Agnostic And Geoscience
Slide 32: Productivity. It's critical.
For personal use only Productivity. It’s critical. imdexlimited.com
Slide 33: Appendices
For personal use only Appendices 31
Slide 34: Directional Drilling | Case Study
Directional Drilling | Case Study G O L D P RO J EC T, C A N A DA For personal use only Total metres drilled with 5 pilot holes and 41 boreholes 22.3km Metres saved with directional drilling Drill holes 31.4km intersected mineralization Time saved with directional drilling at depths of Program time
Slide 35: Real-time Data & Analytics | Case Study
Real-time Data & Analytics | Case Study BA R R I C K I M P L E M E N T E D K R U X AC RO S S 4 CO N T R AC TORS A N D 2 8 R I G S I N S I G H TS S O LV E D ‘ D R I L L I N G K N OW L E D G E G A P ’, S U P P ORTI NG M I N E E X PA N S I ON P RO G R A M For personal use only Costs decreased 50% and m
Slide 36: Increasing Data Collection Efficiency | Case Study
Increasing Data Collection Efficiency | Case Study S O U T H E R N C R O S S G O L D ( S X G ) U S E D D A T A R O C K S O F T W A R E T O I N C R E A S E C O R E F A R M L O G GI N G S P E E D A N D E F F I C I E N C Y For personal use only SXG were able to log critical geological and geotechnical
Slide 37: IMDEX Mining Technologies – Solution Selling for Production
IMDEX Mining Technologies – Solution Selling for Production B U I L D I NG A N A D J A C E N T P R O D U C T P O R T F O L IO – B H S , B O L T , D E V I C O R E F E R E N C E G Y R O A N D B L A S T D O G For personal use only Drilling Planning Stock Piling & Blasting Mining Processing Blending Red