Capital (CAPD) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with introductions of board members, an outline of the agenda, and a slide presentation, including voting on resolutions and a Q&A session.

• Focus on delivering premium full-service solutions to high-quality clients, emphasizing integrated offerings across drilling, mining, laboratory, investment, and innovation pillars.

Financial performance review

• 2024 revenue guidance set at $355 million–$375 million, with MSALABS expected to contribute $50 million–$60 million and CapEx projected at $70 million–$80 million.

• Organization highlighted strong growth across its five business pillars, with new contract wins and expansion in drilling, mining, labs, investments, and innovation.

• Reported exceptional safety performance and robust margins, with continued focus on copper, gold, iron ore, and lithium sectors.

• Strong growth profile supported by robust balance sheet and tier-one client portfolio.

Board and executive committee updates

• Board members and executive team introduced, with roles and locations specified.

• Resolutions proposed to re-elect all current directors, including Anu Dhir, Alexander Davidson, David Abery, Michael Rawlinson, Jamie Boyton, Peter Stokes, Brian Rudd, and Catherine (Cassie) Boggs.