RBS Morgans Institutional Conference Brisbane Paul McPhee Group General Manager, Energy Division 11 October 2012

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1 RBS Morgans Institutional Conference Brisbane Paul McPhee Group General Manager, Energy Division 11 October 212

2 13,+ staff, 35 locations, in 55 countries, on six continents 2

3 Commodity Price Cycles are inevitable. Corrections bring opportunities and create stronger industries. ALS is better positioned than ever to respond Superior client portfolios and broadening service streams underpin ALS long term growth

4 Price Indices (basis USD) Mineral and Metal Price Indices COAL_AUS COPPER }81.4% of Australia's current Mineral Exploration Expenditure GOLD IRON_ORE_SPOT Average Index price for Major Minerals Sources: World Bank Commodity Price Indices & Australian Bureau of Statistics

5 Price Indices (basis USD) 9 8 Mineral and Metal Price Indices Recent price falls are relatively modest in comparison Average Index price for Major Minerals 93% post-gfc Rise Still 33% above long term average % decline GFC 22% decline 212 Source: World Bank Commodity Price Indices

6 World Minerals Exploration Expenditure (MEGS) USDm Price impact on exploration expenditure uncertain but should be subdued 25, 2, Current (unrevised) forecast 15, 1, 5, Source: Mineral Economics Group Services (MEGS)

7 4, 3,5 3, 2,5 2, 1,5 Others Uranium Australian Minerals Exploration Expenditure Australian Financial Years AUDm Other Base Metals Copper Gold Iron Ore Coal 81% aimed at just 4 major commodities and 69% of total spend is targeting brownfield deposits 1, Source: Australian Bureau of Statistics (ABS)

8 Minerals Exploration Expenditure 4,5 4, 3,5 3, 2,5 2, 1,5 1, 5 Australian Exploration Expenditure Global Exploration Expenditure Australia tends to be more resilient throughout the price cycle , 2, 15, 1, 5, - Source: ABS & MEGS

9 4, 3,5 3, 2,5 2, 1,5 Others Uranium Australian Minerals Exploration Expenditure Australian Financial Years AUDm Other Base Metals Copper Gold Iron Ore Coal ALS Australia Revenue , Source: ABS So too has ALS Australian financial performances

10 4, 3,5 3, 2,5 2, 1,5 1, 5 Others Uranium Australian Minerals Exploration Expenditure Australian Financial Years AUDm Other Base Metals Copper Gold Iron Ore Coal ALS Global Revenue Source: ABS

11 4, 3,5 3, 2,5 2, 1,5 1, 5 Others Uranium Australian Minerals Exploration Expenditure Australian Financial Years AUDm Other Base Metals Copper Gold Iron Ore Coal ALS Australia EBIT Source: ABS

12 4, 3,5 3, 2,5 2, 1,5 1, Others Uranium Australian Minerals Exploration Expenditure Australian Financial Years AUDm Other Base Metals Copper Gold Iron Ore Coal ALS Global EBIT Source: ABS

13 3, World Minerals Exploration Expenditure (MEGS) ALS Limited Financial Years USDm 1,4 25, Global Exploration Expenditure 1,2 2, ALS Global Revenue 1, 15, 8 6 1, 4 5, Source: MEGS ALS has evolved beyond a mineral services company

14 3, World Minerals Exploration Expenditure (MEGS) ALS Limited Financial Years USDm 35 25, 2, Global Exploration Expenditure ALS Global EBIT , , 1 5, 5 Source: ABS The business has less volatile and more diversified earnings

15 Despite strong global mineral exploration expenditure, ALS s spectacular growth has relied less and less on minerals USDm Energy 7% Industrial 13% 25, Energy 5% Industrial 1% Minerals 49% Life Sciences 31% 1,2 2, 15, Energy % Industrial 2% Minerals 54% Life Sciences 4% 1, 8 1, Minerals 66% Life Sciences 32% 6 4 5, ALS Global Revenue ALS Global EBIT Global Exploration Expenditure

16 Similarly, World ALS Minerals evolving Exploration geographic spread Expenditure has made (MEGS) the Company less exposed to economic ALS Limited volatility Financial and Years USDm exchange rate movements 25, 2, 15, 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % Revenue by Region Sth America Nth America Europe Australasia Asia Africa EBIT by Region % 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % -1% 1,2 1, 8 6 1, 4 5, ALS Global Revenue ALS Global EBIT Global Exploration Expenditure

17 AUD$ millions AUD$ millions GROWTH OF NON-MINERALS DIVISIONS Revenue EBITDA (incl ALS overheads) 1,4 1, Non-Mineral EBITDA margin 21% 21% 24% 2% 24% 23% 25% 1, FY6 FY7 FY8 FY9 FY1 FY11 FY12 FY6 FY7 FY8 FY9 FY1 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 29 to a geochemical, metallurgical and inspection business in

18 ALS has strong credentials in navigating through the tougher times and consistently delivering shareholder value Price Index All Minerals Price Index Major Minerals Global Exploration Expenditure ALS Global Revenue ALS Dividend Per Share ALS Market Capital Sources: World Bank Commodity Price Indices, MEGS, RBS Morgans

19 TOTAL SHAREHOLDER RETURN ALS Limited Boart Longyear Core Laboratories Monadelphous Cardno Intertek Bureau Veritas MacMahon Orica Eurofins Clough Worley Parsons Ausenco SGS Transfield Services Servcorp Coffey -1% % 1% 2% 3% 4% 5% 6% 7% Total Shareholder Return (1st April 29 to 31st March 212) Source- Ernst & Young 19

20 Price cycles happen and, yes, exploration expenditure is price sensitive Corrections are healthy for these industries and ALS is well positioned to continue servicing the sector Current prices for major minerals remain way above long-term averages ALS financial performances demonstrate ALS has limited exposure to the more price sensitive commodities ALS has lowered its dependency on minerals exploration expenditure and geochemistry services and this strategy will continue to be pursued ALS has less exposure to any single region and has less currency risk Our Australian businesses provide high performance and portfolio balance ALS returns to shareholders have been consistently above peers and have not regressed over the past 1 years ALS remains poised to pursue further growth opportunities and income diversity

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