ALS LIMITED — Annual Report 2009

May 25, 2009

Campbell Brothers Limited

Investors Overview - Full Year 2008 09

All Financials Exclude the Gain Made in 2007-08 on the Sale Campbell Brothers’ Shareholding in CCI Holdings Limited

• Greg Kilmister (Managing Director)

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March 2009 Full Year Snapshot (pre unusual items)

REVENUE

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1000 250
31 [st] March 2009
19%
900 225
800 200 $920m
700 175
600 150
EBITDA
500 125
31 [st] March 2009
44%
400 100
$202m
300 75
200 50
NPAT
100 25
31 [st] March 2009
49%
0 0
FY05 FY06 FY07 FY08 FY09
$106m
Revenue EBITDA NPAT
Revenue (AUD million)
EBITDA & NPAT (AUD million)
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- Full Year Results (Excluding Unusual Items) Overview

		Mar 08		Mar 09	Change
Revenue ($m)		772		920	19%
EBITDA ($m)		139.9		202.3	45%
Profit before tax ($m)		102.0		150.7	48%
Net profit after tax ($m)		71.3		106.2	49%
Wtd. ave. number of shares	51,972,000		52,598,000		1.9%
Earnings per share (c)	137.1		201.9		47%
Full Year Dividend (c)	95		100		5%
Number of employees (FTE)	5866		5717		(3)%
Safety Statistic – LTIFR	6		4

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Compliance and Risk Program

Group LTIFR

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• Achieved LTIFR of 4 across the Group

• Total of 362 days lost versus 875 days in the previous year

• Reduced workers compensation premiums by 11% in Australia

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• Strong audit program measuring the effectiveness of compliance and risk management controls

• Energy audits produced savings of $140,000 in Australia

• Waste management targeted through 2008-10

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Maintenance of Strong Historical Growth

Growth 40% 37% 51% 38% 49%

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Funding Strength

CBL DEBT FACILITIES SUMMARY at March 2009	CBL DEBT FACILITIES SUMMARY at March 2009	CBL DEBT FACILITIES SUMMARY at March 2009	CBL DEBT FACILITIES SUMMARY at March 2009	CBL DEBT FACILITIES SUMMARY at March 2009	CBL DEBT FACILITIES SUMMARY at March 2009
$AUD million	Nov-09*	May-10	Nov-10	Nov-11	Total
Committed Drawn Mar 09	200 171	60 0	30 0	120 96	410 267
Available	29	60	30	24	143
* refinanced in May 09

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15.8x
14.3x
14.0x
13.2x
10.5x
7.5x
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Note: Underlying EBITDA interest cover based on net interest

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- Group Segment Performance 2008 09

ALS Laboratory Group Campbell Chemical Reward Distribution Group

ALS Group Campbell Chemicals Reward Distribution Revenue $629 million $164 million $133 million

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ALS Laboratory Group Overview

			Mar 2008		Mar 2009		Change
	Revenue	$468 million		$629 million			34 %	a
	EBITDA	$135 million		$187 million			39%	b
	EBITDA Margin	29%		30%				b
	EBIT	$112 million		$156 million			39%	a

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Focus of the new Strategic Plan 2007

Company estimates

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ALS Revenue Growth

Consistent Long-term History of Growth

Environmental Minerals Tribology Coal Food

Africa Asia Australia Europe North America South America

Revenue 1999-00 Revenue 2004-05 Revenue (E) 2009-10

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- - ALS Mineral Division 2008 09 cf 2007 08

• revenue

• Strong growth globally although softening in the market from Oct 08 in some regions, and all regions by Dec 08

• African growth very strong on the back of further mobile prep lab deployment

• Asia coming off a low base

• All regions successfully diversifying into bulk commodities

• North America impacted by restructuring costs

• Australia, South America & Africa particularly strong performance

• Europe impacted by start-up operations in Spain and Finland

• Asia improving and now breaking even

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- - ALS Environmental Division 2008 09 cf 2007 08

• North America impacted by acquisition of Datachem in October 08

• Australian growth through market segment diversification

• Europe focus on internal systems to improve margin versus revenue growth

• Asia impacted by acquisition of IQA in Thailand and strong growth in Singapore

• North America impacted by restructuring costs in Canada and integration costs of Datachem. Expect significant improvement in 2009-10

• Australia showed marginal decrease in a highly profitable business

• Europe showed significant improvement following rectification of historical issues in Czech Republic

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- - ALS Coal & Tribology Division 2008 09 cf 2007 08

• Coal Australia benefited from market share growth and global contracts

• Tribology Australia benefited from global contracts

• Food business small but growing in Asia & Europe

• Coal Australia benefited from cost control initiatives, new capital and better operating systems

• Tribology Australia benefited from LIMS enhancements and increased volumes

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Campbell Chemicals

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Full Year Results

o Cleantec Chemicals

– Food Hygiene remains strong

– Laundry and Chemical Hygiene businesses merged under a new General Manager

– Pricing pressure

o Panamex Pacific

• Challenging trading conditions throughout the Pacific

• Brand expansion and new agencies continuing

– Increase in market share

Revenue up 7.5% to $164 million

EBIT down 18% to $7.9 million

o Deltrex

– Very strong performance

• Focus on higher margin products

• – Increase in market share

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Reward Distribution

o Market Conditions

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– Impacted by economic downturn – Have exited low margin sectors – Strong price competition for corporate contracts

o Restructuring Initiatives

• Closed most regional warehouses in Victoria

• Reduced SKUs from 38,000 to 28,000

• Customer service significantly improved

o Future

Full Year Results

Revenue down 9% to $133 million

EBIT down 26% to $3.4 million

• New warehouse at Yatala (SEQ) to replace Brisbane & Gold Coast

• Revenue growth

• Improve purchasing practices

• – Improve margins

• – Target health sector

15

THANK YOU

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