IMDEX Limited

FY20 Financial Performance

RECORD 9 MONTH REVENUE THROUGH TO MARCH

  • INTERIM FULLY-FRANKED DIVIDEND OF 1.0 CPS

  • SPECIAL FULLY-FRANKED DIVIDEND OF 2.0 CPS FOLLOWING SALE OF VES

  • FINAL FULLY-FRANKED DIVIDEND OF 0.7 CPS

  • CONTINUED INVESTMENT IN LEADING TECHNOLOGIES TO DRIVE FUTURE GROWTH

  • ROBUST BALANCE SHEET WITH A STRONG NET CASH POSITION OF $32.2M - UP 38% ON FY19

FULL YEAR REVENUE

$237.7 m


FY19 $243.7m

EBITDA OF

$54.4 m

REVENUE BY REGION ($m)

  • Record revenue for the 9 months through to March
  • 4Q20 revenue impacted by COVID-19
  • COVID-19 business disruption stabilised late April
  • Continued to strengthen quality of rental fleet. Average monthly rental rate up 8% on FY19
  • Encouraging start to FY21. Improving rental fleet numbers and continued strong industry fundamentals

EBITDA ($m) & EBITDA MARGIN (%)

  • Sustained investment in R&D in line with growth strategy
  • Benefited from digital transformation
  • Ongoing focus on streamlining operations and managing costs

CASH FROM OPERATIONS ($m)

STRONG EBITDA CONVERSION TO OPERATING CASHFLOW UP 31% ON FY19

BALANCE SHEET ($m)

CASH $38.3m UP 29.8% ON PCP

$m 30 JUN 2020 30 JUN 2019
Cash 38.3 29.5
Receivables 43.5 54.7
Inventory 41.2 37.1
Fixed assets 1 79.6 39.4
Intangibles 2 83.6 59.5
Other assets / deferred tax 31.9 39.0
TOTAL ASSETS 318.1 259.2
Payables 26.9 25.3
Borrowings 6.1 6.3
Other liabilities, provisions and current tax 3 63.5 7.6
TOTAL EQUITY 221.6 220.0
     
ROE 10% 12%
ROCE 12% 15%
  1. Includes Lease assets of $36.5m.
  2. Intangible balance includes $25.5m of Flexidrill IP.
  3. Includes lease liabilities of $45.1m and deferred consideration for the purchase of Flexidrill of $14.7m.