2012 FULL YEAR Results Presentation Investor Road Show May 2012
IMPORTANT NOTICE AND DISCLAIMER • This presentation has been prepared by Campbell Brothers Limited, ( CBL or the Company ). It contains general information about the Company’s activities as at the date of the presentation. It is information given in summary form and does not purport to be complete. The distribution of this presentation in jurisdictions outside Australia may be restricted by law, and you should observe any such restrictions. • This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of securities, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, securities in any jurisdiction. Neither this document nor anything in it shall form the basis of any contract or commitment. This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. • The Company has prepared this presentation based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. • This presentation includes forward-looking statements within the meaning of securities laws. Any forward- looking statements involve known and unknown risks and uncertainties, many of which are outside the control of the Company and its representatives. Forward-looking statements may also be based on estimates and assumptions with respect to future business decisions, which are subject to change. Any statements, assumptions, opinions or conclusions as to future matters may prove to be incorrect, and actual results, performance or achievement may vary materially from any projections and forward-looking statements. • Due care and attention should be undertaken when considering and analysing the financial performance of the Company. • All references to dollars are to Australian currency unless otherwise stated. 2
March 2012 Full Year Snapshot pre unusual items FY08 REVENUE FY09 FY10 31 st March 2012 27 FY11 % $1406mn FY12 0 250 500 750 1000 1250 1500 FY08 EBITDA FY09 31 st March 2012 FY10 57 % FY11 $374mn FY12 0 60 120 180 240 300 360 FY08 NPAT FY09 31 st March 2012 FY10 68 % FY11 $222mn FY12 0 40 80 120 160 200 240 FY08 FY09 FY10 FY11 FY12 Average USD:AUD (cents) 88 79 86 95 105 3
Full Year Results – Overview excluding unusual items Mar 12 Mar 11 Change Revenue ($mn) 1,108 +27% 1,406 EBITDA ($mn) 238 +57% 374 Profit before tax ($mn) 312 186 +68% Net profit after tax ($mn) 222.4 132.2 +68% Wtd. ave. number of shares 67,503,000 65,139,000 +4% Earnings per share (c) 329 203 +62% Full Year Dividend (c) 225 140 +61% Number of employees 12,101 8,936 +35% Includes full time, part time and casuals Safety Statistic – LTIFR 3.0 2.5 4
Maintenance of Dividend Policy $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 $2.00 $2.20 $2.40 2003 Maintaining Dividend Growth 2004 Year End March 2005 2006 2007 2008 2009 2010 2011 2012 Total dividend $2.25 - 68% payout ratio 5
Total Shareholder Return – last three year period Campbell Brothers Boart Longyear Core Laboratories Monadelphous Cardno Intertek Bureau Veritas MacMahon Orica Eurofins Clough Worley Parsons Ausenco SGS Transfield Services Servcorp Coffey -100% 0% 100% 200% 300% 400% 500% 600% 700% Total Shareholder Return (1st April 2009 to 31st March 2012) Source- Ernst & Young 6
ALS - New Divisional Structure - Four Global Divisions - Ten Business Streams 13% 7% 49% 31% Revenue by Division 7
ALS Group Full Year Snapshot Average USD:AUD (cents) REVENUE 88 79 86 95 105 31 st March 2012 39 1200 400 % $1192mn 350 1000 EBITDA & EBIT (AUD million) Revenue (AUD million) 300 800 250 EBITDA 31 st March 2012 54 600 200 % $385mn 150 400 100 200 EBIT 50 31 st March 2012 61 0 0 % $341mn FY08 FY09 FY10 FY11 FY12 Revenue EBITDA EBIT 8
Growth of non-Minerals Divisions Revenue EBITDA (incl ALS overheads) 1,400 400 Non-Mineral EBITDA margin 21% 21% 24% 20% 24% 23% 25% 350 1,200 300 AUD$ millions AUD$ millions 1,000 250 800 200 600 150 400 100 200 50 - - FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY06 FY07 FY08 FY09 FY10 FY11 FY12 Life Sciences Energy Industrial Minerals The non- Minerals revenue of ALS is now larger than ALS’ entire revenue only two years ago and the Minerals Division has been transformed from a geochemical only business in 2009 to a geochemical, metallurgical and inspection business in 2012. 9
ALS Group Revenue Performance Revenue by Geography FY11 Vs FY12 9% 6% 5% 7% Reported Growth 39% 1400 Australia 5% 5% Asia 1200 44% ALS Revenue AUD $million 46% Nth America 1000 Sth America 32% Africa 800 32% 5% Europe Constant Currency 4% Growth 46% 600 400 Revenue by Division FY11 Vs FY12 200 13% 0 FY 2011 Organic Acquired FX FY 2012 17% 7% Minerals 39% 8% 49% Life Sciences Energy Industrial 31% 36% 10
ALS Group Performance EBIT Margin (incl. ALS overheads) 40% 35% 30% 25% FY2011 20% FY2012 15% 10% 5% 0% Minerals Life Sciences Energy Industrial Revenue Growth Industrial Energy Life Sciences Minerals -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Organic Acquired FX Impact 11
Minerals Division Overview Acquisition (AUD$222mn) and integration of Stewart • 2012 2011 Change Group very successful Revenue $591mn $334mn 77% 16 new or refurbished laboratories completed • Successful introduction of CoreViewer TM EBITDA $234mn $127mn 84% • Expansion in central Asia • EBIT $215mn $112mn 92% Significant capacity increase in Kamloops • EBIT Margin 36.3% 33.4% +290bps metallurgical laboratory Pricing stabilised • r Outlook e Favourable market conditions through 2013 • v Geochemistry 14 new or refurbished laboratories planned • Metallurgy e New 7000 m 2 Santiago geochemistry and • Inspection n metallurgical laboratory to be operational by January Other u 2013 e High Pressure Acid Leach pilot plant to be installed • in Perth New hub laboratory in Ireland • Iron Ore Technical Centre to be built in Perth • Commissioning of new hub lab in Johannesburg by • July 2012 12
Life Sciences Division 2012 2011 Change Overview Revenue $361mn $308mn 17% Acquisition (AUD$40mn) and integration of • Columbia Analytical Services very successful EBITDA $96mn $82mn 17% Acquisition (AUD$40mn) of Eclipse and AMS • EBIT $78mn $66mn 18% completed in April 2012 Introduced mobile app for environmental clients • EBIT Margin 21.7% 21.5% +20bps Australian and Scandinavian markets strong • r e Australia Outlook v Asia Focus on expanding food/pharma revenues • e Nth America New food/pharma laboratories in Melbourne, Sydney • n Europe & Brisbane u Refurbish or new environmental laboratories in • e Brisbane, Sydney, Calgary, Singapore, Hong Kong, Kuala Lumpur, Jakarta * Includes a full year for CAS acquisition in North America Further development of air markets • New generation LIMS to be rolled out to all • laboratories over next two years 13
Energy Division Overview 2012 2011 Change Excellent year, far exceeding industry growth rates • Laboratory industry leading safety record; LTIFR = • Revenue $88mn $73mn 20% 2.4 EBITDA $26.6mn $19.9mn 34% Full commissioning of the new Brisbane laboratory – • the largest coal analytical laboratory in the world EBIT $23.7mn $17.2mn 38% New laboratories built in Emerald and Bowen • EBIT Margin 26.9% 23.6% +330bps New LIMS rolled out to all Australian laboratories • Successful integration of the anglo American Central • r Laboratory in South Africa and the Stewart Group laboratory in Mongolia e Australia v Asia e Outlook Nth America n • New “Energy Division” created to focus attention on Africa u oil and gas upstream opportunities • Further capacity build out of Brisbane laboratory e • Expansion into Indonesia underway with Mozambique, China and USA under consideration • New site with larger capacity being developed in Mongolia 14
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