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CEO’S AGM PRESENTATION NOVEMBER 30 TH 2004

CEO’S AGM PRESENTATION NOVEMBER 30 TH 2004. SIGNIFICANT CHANGES. IPO Conversion to public company Disappointing performance 1 st year Departure of Joint Managing Director Unification of company. THE WAY FORWARD. Review current operations Set strategic goals Consolidate resources

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CEO’S AGM PRESENTATION NOVEMBER 30 TH 2004

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  1. ITL LIMITED – ANNUAL GENERAL MEETING CEO’S AGM PRESENTATION NOVEMBER 30TH 2004

  2. ITL LIMITED – ANNUAL GENERAL MEETING SIGNIFICANT CHANGES • IPO • Conversion to public company • Disappointing performance 1st year • Departure of Joint Managing Director • Unification of company

  3. ITL LIMITED – ANNUAL GENERAL MEETING THE WAY FORWARD • Review current operations • Set strategic goals • Consolidate resources • Leverage synergy • Motivate management and staff • Achieve targets

  4. 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

  5. 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)

  6. 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

  7. ITL LIMITED – ANNUAL GENERAL MEETING EXISTING CORPORATE STRUCTURE

  8. ITL LIMITED – ANNUAL GENERAL MEETING PROPOSED CORPORATE STRUCTURE **Potential amalgamation in the future

  9. ITL LIMITED – ANNUAL GENERAL MEETING OUTLOOK • Difficult year expected • 1st 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

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