ALS LIMITED — Investor Presentation 2011

Jul 6, 2011

Richlands Site Presentation 7 July 2011

Paul McPhee, Group General Manager, Coal Wayne Williams, General Manager - Australia/Asia Pacific, Minerals

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Company
History
Soap & Chemical
Listed on ASX Modern Era
Company Established
1863 1952 1980 2011
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Campbell Brothers Limited – Today

• Listed on the Australian Stock Exchange

• Market Capitalization AUD$3.1 billion (EV AUD$3.5 billion post Stewart Group)

• Annual Revenues AUD$1billion+

• 10,000 Staff (post Stewart Group)

• Operations in 53 countries on 6 continents

• Conservative Funding – 12% gearing (29% post Stewart Group)

• Strong dividend stream

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Campbell Brothers Structure

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ALS Laboratory Group accounts for >95 percent of Campbell Brothers total earnings

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Genuine global market focus

Leveraging latest technology

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Servicing large, multinational, resource companies Outperforming its competitors

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Superior service quality and turnaround times

Stewart Group acquisition

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Geochemical: immediate geographic access Metallurgical: accelerated global rollout Inspection: new service offering leveraging ALS global footprint

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ALS Global Footprint

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Sweden
Norway Russia
Finland
Germany Denmark
Netherlands
Canada United Kingdom
Poland
Ireland
Kazakhstan
Romania Mongolia
Czech Republic Spain
Italy Kyrgyzstan
USA Portugal China
Turkey
Saudi Arabia
Mexico Taiwan
Laos
Mali
Hong Kong
Columbia Burkina Faso Thailand
Ghana
Malaysia Singapore
Ecuador
Brazil Tanzania
Peru Zambia Indonesia Fiji
Bolivia
Namibia
New Caledonia
Chile South Africa
Australia
Argentina
New Zealand
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ALS Growth Strategy

T esting

I nspection

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C ertification

TIC Market Drivers:

1. Economic Growth & Trade

2. Outsourcing

3. Regulatory Requirements

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• Global Exploration

• True client focus: efficiency, quality and speed of service

• Australian floods and Japan catastrophes minimal impact

• Investing in new Coal sites:

Coal Division EBIT Performance

• Gladstone, Australia 2008

• Newcastle, Australia 2008

• Lithgow, Australia 2008

• Richmond, Canada 2009

• Gunnedah, Australia 2009

• Witbank, South Africa 2010

• Collie, Australia (acquired) 2010

• Lephalale, South Africa 2010

• Emerald, Australia 2011

• Richlands, Australia 2011

• Bowen (Abbot Point), Australia 2011

• Anglo Central Laboratory, Witbank, South Africa 2011 (Outsourced to ALS Naledi (Proprietary) Limited)

• Ulan Bator, Mongolia 2011 (Stewart Group)

• Rotterdam, Netherlands 2011(Stewart Group)

• Moscow, Russia 2011 (Stewart Group)

• Mackay, Australia 2012 (approved)

Largest coal testing contract in Australia!

Largest coal testing contract in the world!

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Sponsoring innovation, automation and standardisation across all sites

Actively pursuing new markets and extended services

Tier 1 clients:

• BHP/BMA

• Rio Tinto (incl. Global borehole core contract) Xstrata (incl. 3yr + 2yr option)

• Vale

• Anglo American (incl. 7yr + 2yr option)

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• Largest coal testing facility in the world

• 9,625m[2] under roof

• 28,400m[2] land

• Ample capacity for growth

New Richlands facility (Brisbane, Queensland)

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• Superseding Ipswich site

• Integrated process automation

• Analytical laboratory operating since April 2011

• Physical testing laboratory undergoing fit-out: operational August 2011

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	2011 2010 Change
Revenue EBITDA EBIT	$334mn $205mn 63% $127mn $68mn 87% $112mn $53mn 111%

Overview

• Significant market recovery post GFC

• Business model allowed quick response to rapid increase in demand

• Acquisition of Ammtec strategically important

• Focus on increasing capacity ahead of demand

• New long-term strategy put in place

• Broad based technical service provider

• Integrated service offerings

EBIT Margin – Minerals Division

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40%
30%
20%
10%
0%
2011 2010
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Business Model

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• Hub and spoke concept

• Readily scalable

• Achieve economies of scale or reduction in cost base

• Global Systems

• Provides ability to move samples to spread load and maximise asset utilisation

• Truly integrated network of laboratories

• Global LIMS platform

• Unique advantage

• Seamless to clients regardless of where the client is located or where samples are submitted

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Integrated Service Offering

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Core Cutting Analytical
Quantitative
Core Digital
Photography Mineralogy
Webtrieve
GEO Metallurgy
• Work index
• Grindability
• Geo Physics
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Core Photography – Analytical Data Integration

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Major Capacity Upgrades

• Current sample flows at all time record levels

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Outlook

• Favorable market conditions for the next few years

• Globalisation of metallurgical services

• Major capacity upgrades in various regions

• Johannesburg

• Santiago

• Antofagasta

• Perth

• Kalgoorlie

• Focus on value added services to clients

  • Core photography

  • Data modeling

  • Enhanced geochemical packages

  • Transparent QC client tools

  • Robotics in metallurgical business

• Burkina Faso

• Adelaide (metallurgical)

• Vancouver (metallurgical)

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• Stewart Group value add

• Geochemical: immediate geographic access

• Metallurgical: accelerated global rollout

• Inspection:

  • new service offering

  • leveraging ALS global footprint

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Thank You

Questions?