Dyno Nobel (DNL) Investor Showcase 2024 summary

Strategic direction and transformation

• Ambition to double EBIT over the next 3–4 years and deliver above cost of capital returns, with a three-phase strategy: separation, transformation, and consolidation.

• Transformation program targets 40%-50% EBIT uplift by end of FY25, with ~$50 million EBIT gains already realized in FY24.

• Committed to separating explosives and fertilizer businesses to unlock value, reduce volatility, and enable strategic focus, with an update expected at full year results.

• Capital discipline is central, with a $1.4 billion capital return program underway, including buybacks and dividends, and strict investment criteria for new projects.

• Rebranding to Dyno Nobel Limited is planned to align with the explosives-focused strategy and global brand strength.

Market positioning and growth opportunities

• Holds dominant positions in Australia and North America, with strong growth targeted in LATAM, EMEA, and Africa, leveraging customer relationships and modular plant deployments.

• Strategy targets high-growth sectors such as copper, iron ore, and metallurgical coal, while managing the decline in thermal coal and focusing on energy transition minerals.

• Capital-light expansion model in emerging markets, using modular emulsion plants and technology-driven solutions to secure market share.

• Joint ventures and distributor partnerships provide agility and deep market access, especially in fragmented and regulated markets.

• Recent major account wins, such as a global partnership with AngloGold Ashanti, demonstrate success in new growth markets.

Technology, innovation, and customer value

• Proprietary technologies like Delta E, DigiShot, NobelFire, and wireless detonators drive tailored, efficient, and sustainable blasting solutions.

• Drill to Mill approach and automation optimize the mining value chain, delivering measurable productivity and cost benefits.

• Customer-centric innovation is validated by strong satisfaction scores and long-term contracts with major mining houses.

• Safety and sustainability are core values, with industry-leading standards and significant emissions reduction projects underway.

• Operational excellence initiatives, including automation and data analytics, have improved reliability, reduced costs, and enhanced supply chain resilience.