ALS LIMITED — Annual Report 2008

May 27, 2008

Campbell Brothers Limited Investors Overview – - Full Year 2007 08

All Financials Exclude the Gain Made on the Sale of Campbell Consumer Products and Campbell Brothers’ Shareholding in CCI Holdings Limited

• Greg Kilmister (Managing Director) 1

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March 2008 Full Year Snapshot (pre unusual items)
FY08 772
REVENUE
FY07 663
31 [st] March 2008
FY06 523 16%
FY05 436
$772m
CAGR 21.0% over 3 years
FY08 140
EBITDA
FY07 107
31 [st] March 2008
FY06 73
31%
FY05 57 $140m
CAGR 35.0% over 3 years
FY08 71
NPAT
FY07 52
31 [st] March 2008
FY06 34 38%
FY05 25
$71m
CAGR 41.8% over 3 years
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- Full Year Results (Excluding Unusual Items)

Overview

		Mar 07	Mar 08	Change
Revenue ($m)		663	772	16%
EBITDA ($m)		108.3	139.9	29%
Profit before tax ($m)		77.1	102.0	32%
Net profit after tax ($m)		51.6	71.3	38%
Wtd. ave. number of shares	51,560,000		51,972,000	1%
Earnings per share (c)	100.2		137.1	37%
Full Year Dividend (c)	70		95	36%
Number of employees	4,862		5,866	21%
Safety Statistic – LTIFR	7		6

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Maintenance of Strong Historical Growth

Growth 20% 40% 37% 51% 38% 80 140 70 120 60 100 50 80 40 60 30 40 20 20 10 0 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Year End March First Half Second Half EPS H1 EPS H2

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Corporate Pulse

Compliance

•Group LTIFR at 6.0

•Internal Auditor appointed

•Global rollout of OHS&E standards

2008 2007 2006 2005

Group LTIFR

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0 2 4 6 8 10 12 14

•Group Information Security Manager appointed

•Global insurance program put in place saving > $1.5 million per annum Organisation Development

•Executive Profiling Campaign commenced

• •Incentive based remuneration reviewed and updated

•Succession planning further developed and formalised

• •Significant increase in budget for development programs for senior staff •Focus on internal communication and staff retention Information Technology

• •3 million dollar upgraded disaster recovery project is 50 percent completed

• •Significant budget increase for further development of MIS

• •New global environmental LIMS project

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- Group Segment Performance 2007 08

Revenues

EBIT

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1%
19%
ALS Laboratory Group
Campbell Chemical
Reward Distribution Group
20% 60% Other
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3%
8%
89%
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ALS Group Campbell Chemicals

Reward Distribution

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Revenue $468 million $153 million $146 million
Revenue Growth cf. Previous Year
Rew ard Distribution -1% 9%
Campbell Chemical 10%
ALS Laboratory Group 25% 12%
-5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0%
% Organic Growth % Acquired Growth
6
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- Revenue Geographic Spread

ALS Group

Campbell Chemicals Reward Distribution

Australia Asia North America South America Europe Africa

Australia

Pacific Australia Pacific

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ALS Laboratory Group Overview

		Mar 2007		Mar 2008		Change
Revenue	$342,150,000		$468,044,000			37 %	a
EBITDA	$98,332,000		$135,856,000			38%	b
EBIT	$79,468,000		$112.488,000			42%	a

New Laboratories Added

Significant Capacity Upgrades

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- Mineral Exploration Expenditure Australia

Exploration Expenditure per Quarter in Australia

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600
Other
500 Diamonds
Coal
400
Uranium
300
Iron Ore
200 Gold
Base Metals
100
0
Quarter
Calendar Year on Year Exploration Expenditure by Mineral
Source – Australian Bureau of Statistics
17% 2004
$500
2005
2006
2007
$400
58% 70% 49% Growth Rate 07/06
$300
86% -3% 125% 60% 17% -34%
$200
$100
$-
Gold Iron Ore Nickel/Cobalt Copper Silver/Lead/Zinc Coal Uranium Other Mineral Sands Diamonds
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Sep-88 Jun-89 Mar-90 Dec-90 Sep-91 Jun-92 Mar-93 Dec-93 Sep-94 Jun-95 Mar-96 Dec-96 Sep-97 Jun-98 Mar-99 Dec-99 Sep-00 Jun-01 Mar-02 Dec-02 Sep-03 Jun-04 Mar-05 Dec-05 Sep-06 Jun-07
AUD$ million
Million
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ALS Strategic Direction

o Margin up from 23.2% to 24.0% o Focus on core competitive advantages

o Restructured along Divisional lines – Minerals

– Environmental

– Coal

– Tribology

– Food

o Significant pipeline of new laboratory locations and capacity increases o Development of next generation LIMS

Global Testing Markets

(Total Market AUD$66 Billion) Trade Assurance Metals & (Government), 1.5 Minerals, 1.5 Consumer Goods, Environmental, 7.0 8.5 Life Sciences Automotive, 9.5 (Food), 5.0 Oil, Gas & Chemicals, 2.5 Life Sciences Marine, 3.5 (Pharma, Bioanalytics), 5.0 Agro - Commodities, 1.5

Industrial Services, 21.0 Company estimates

o “Partnership” arrangements with major clients

o Continue to look for “appropriate” acquisitions

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Reward Distribution

o Market Conditions

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Full Year Results

Revenue up 8% to $146 million EBIT down 16% to $4.6 million

• Impacted by weather

• – Impacted by smoking bans

• – Impacted by discretionary spend

o Restructuring Initiatives

• Central accounting system implemented

• Central warehousing system implemented

• Rationalised stock holdings

• – New management team in place

• – Regional warehouses rationalised

o Future

– Improve purchasing practices – Focus on customer service – Improve margins – Diversify markets targeted

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Campbell Chemicals

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Full Year Results Revenue up 9.8% to $153 million EBIT up 25% to $9.7 million Margin increase to 6.3% from 5.6%

o Cleantec Chemicals – Food Hygiene remains strong – Laundry and Chemical Hygiene businesses merged – Developing a presence in New Zealand

– Refurbished Sydney plant o Panamex Pacific

– Improved trading conditions throughout the Pacific – Brand expansion and new agencies

– Significant margin improvement – Focus on French Territories o Deltrex

– Highly competitive market – Agricultural sector strong – Focus on higher margin products

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THANK YOU

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