November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING CEO’S AGM PRESENTATION NOVEMBER 30 TH 2004
November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING SIGNIFICANT CHANGES IPO Conversion to public company Disappointing performance 1 st year Departure of Joint Managing Director Unification of company
November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING THE WAY FORWARD Review current operations Set strategic goals Consolidate resources Leverage synergy Motivate management and staff Achieve targets
November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING REVIEW OF CURRENT OPERATIONS Goals Improve profitability of ITL Ensure ITL is positioned for growth Refocus & energise staff to achieve Timeframe End of February 2005
November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING PROGRESS TO DATE Consultation with key staff members Amalgamation of R&D Improved communication Recent ASX releases First regular newsletter New website (early December)
November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING PROGRESS TO DATE (2) Implementing new Financial Information System (FIS) Implementing new Inventory Control system Resolved patent litigation in Europe Simplifying corporate structure
November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING EXISTING CORPORATE STRUCTURE ITL Limited ITL Europe Ltd ITL US Inc. ITL Corporation P/L ITL Healthcare P/L Noble House Group P/L Cedrica ITL Asia Pacific S/B ITL Healthcare S/B ITL D&M P/L ITL NeedleGuard Pty Ltd Surgicare Pty Ltd
November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING PROPOSED CORPORATE STRUCTURE **Potential amalgamation in the future
November 30 th 2004 BILL MOBBS ITL LIMITED – ANNUAL GENERAL MEETING OUTLOOK Difficult year expected 1 st Quarter performance below expectations Costs higher than anticipated Restructuring costs Revenue is on target New contracts and renewals are occurring across the business Innovative Products Procedure Kits OEM