Codan Limited · ASX:CDA
Codan — Shareholder Meeting (October 2008)
14 slides from Codan's shareholder meeting presentation, October 2008
Slide 1: Codan Shareholder Presentation: Minelab Overview
Codan Shareholder Presentation Minelab Overview October 2008 Peter P t ChCharlesworth l th General Manager - Minelab
Slide 2: Minelab Markets
Minelab Markets • The Minelab Metal Detection Market is NOT a TOY O market! a et • It is comprised of the Sophisticated Leisure Market and the Demining Equipment Market. • It is served by sophisticated equipment developers and manufacturers. • People P l make k money fromf products d t or lives li a
Slide 3: Minelab Products: Competitive Advantage
Minelab Products Competitive Advantage • Minelab detectors incorporate the most advanced metal detection technology in the world • The best detection depth across all soil types (benign to highly mineralised) • Minelab has: – 18 current Patents on Metal Detection Technology, out to 2028 – 4 more in
Slide 4: Metal Detection Business
Metal Detection Business Hand-held Metal detectors metal detectors for humanitarian for the hobbyist/ organisations outdoor enthusiast and military bodies and pprospector p for deminingg Minelab is a Member of the Codan Group of Companies
Slide 5: Minelab Consumer: Market Segment - Product
Minelab Consumer Market Segment - Product 2 Significant Market Segments – Gold – Coin, Treasure and Relics Addressable Add bl Market M k t ~ $200m+ Market Minelab is a Member of the Codan Group of Companies
Slide 6: Minelab Consumer: Market Segment - Geographic
Minelab Consumer Market Segment - Geographic Developing & Rest of World • Mixture of Gold and Coin and Treasure Markets • Strong Growth Market Australia • Gold prospecting accounts formost of the market, market given an abundance of USA gold deposits • Large gold and coin and • Growth Market treasur
Slide 7: Minelab Consumer: Gold Detector Market Segment
Minelab Consumer Gold Detector Market Segment • Customer profile – from professional and semi-professional prospectors to weekend hobbyists • A hobby/leisure h bb /l activity that h holds h ld the h potential to pay you back! • Growing market segment – “baby-boomers” baby boomers favourable demograp
Slide 8: Minelab Consumer: Gold Segment (cont.)
Minelab Consumer Gold Segment (cont (cont.)) • April 08 release of the GPX4500 resulted in HUGE demand for this premium machine. • Minelab dominates the high performance Gold Machine market; without peers in technology and performance. • Recently a customer with a new GPX4500 G 500 found ou d approx
Slide 9: Minelab Consumer: Coin and Treasure Market
Minelab Consumer Coin and Treasure Market • Minelab competes in the mid to high end Coin and Treasure Market • Minelab’s technology gy produces p the world’s most advanced Coin and Treasure machines • Not the Toy Market where price is the only discriminator Growth is aided by: – Developing country w
Slide 10: Minelab Countermine: Products
Minelab Countermine Products • Handheld Mine Detectors pp y • OEM Supply (for incorporation into the US Army HSTAMIDS programme) • Arrays y Minelab is a Member of the Codan Group of Companies
Slide 11: Minelab Countermine: Reason for the Market
Minelab Countermine Reason for the market • Legacy and Tactical Countermine Operations Minelab is a Member of the Codan Group of Companies
Slide 12: Minelab Countermine: Customers
Minelab Countermine Customers • Humanitarian Demining ~US$20M-$30M – UN – through the Mine Action Programme – Non-Government Organisation (NGO’s) • eg: HALO Trust (Princess Di’s supported charity) – Governments – Commercial Demining Companies • Defence/Military Customers – Countermine Operations – U
Slide 13: Minelab Countermine: Competitive Advantage
Minelab Countermine Competitive Advantage • Leading technology to find minimum metal Mines in mineralised soils • Test Reports – IPPTC (International Pilot Project for Technology Co-operation) Report Cambodia 2001 • Minelab rated best overall – STEMD (Systematic Test and Evaluation of Metal Detector
Slide 14: Minelab Summary
Minelab Summary y • Minelab has outperformed Codan’s acquisition expectations in the first 4 months of ownership. • Minelab is forecast to do equal q to or better than our acquisition expectations for 08/09. • There are significant synergies that will be unlocked over the next 12 months. • It is a G