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Company Presentation

1 October 2008For

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1Company PresentationOctober 2008

Disclaimer

This Corporate Update is not a disclosure document nor does it constitute the provision of financial product advice.

None of Brandrill Limited (“Brandrill”), its related bodies corporate, officers, employees and advisors makes or gives any representation, warranty or guarantee in relation to this Corporate Update (whether orally, in document form or in any form whatsoever) (“Information”) to the recipient of this Corporate Update (“Recipient”) or any of its related bodies corporate, officers, employees and advisors or any other person.

The Information is provided expressly on the basis that the Recipient will carry out its own independent inquiries into the Information and make its own independent decisions about the affairs, financial position or prospects of Brandrill. Brandrill reserves the right to update, amend or supplement the Information at any time in its absolute discretion (without incurring any obligation to do so.)

This Corporate Update and the Information contains certain statements which may constitute “forward-looking statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements.

No representation or warranty, express or implied, is made by Brandrill that the material and Information contained in this Corporate Update will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of Brandrill, its officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the material andInformation contained in this Corporate Update and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any material or Information in this Corporate Update or any error or omission therefrom. Brandrill accepts no responsibility to update any person regarding any inaccuracy, omission or change in Information in this Corporate Update or any other information made available to a person nor any obligation to furnishthe person with any further information.

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Agenda

2007 / 2008 Highlights

Business Background

The Future

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HighlightsHighlights

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2007/08 Highlights

Financial Results– Very strong growth in both operating revenues and profits reflecting operational

improvements, market conditions and acquisitions– Confirmation of profitability and strong cash generation of Brandrill platform

Operational– Enhanced operational platform with improved and more diversified workforce and

equipment base. – Increase in employees from 457 to 691 and rigs from 73 to 98 (at 30 June 2008)

Corporate– Acquired complementary exploration drilling and truck body businesses to leverage

management expertise and client base– Balance sheet strengthened post year end by placement to raise $11.25 million

Outlook– Strong profitable growth expected to continueFor

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Financial Performance

67% increase in EBITDA, 82% growth in EBITA, 36% growth in NPAT

+36%$8.1 $11.0 NET PROFIT

+82%$10.1$18.4 EBTA

+67%$20.8$34.7 EBITDA

+36%$123.8 $168.1 Gross revenues

(%)2006-072007-08$M

0.0

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2005 2006 2007 2008

Year Ending 30 June

A$m

0.0%

3.0%

6.0%

9.0%

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15.0%

EBIT

Mar

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(%)

EBIT

EBIT MarginBrandrill has now delivered a strong track record. Since December 2004 when we emerged from restructuring.

– 300% growth in revenues and 700% increase in EBIT

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Market Pricing

425.4 million shares and 20 million options on issue, implying market enterprise value of $126 million

At current price and consensus broker forecasts, Brandrill is trading on low multiples*:

– 5.5x PER– 2.9x EV/EBITDA– 4.6x EV/EBIT* Based on consensus broker

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Sep-06

Nov-06Jan-07Mar-0

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Volume (m) Share Price (A$)

At MarketFully

Diluted

Current Share price A$ $0.19

- 52 week high A$ $0.39

- 52 week low A$ $0.16

Shares outstanding m 425.4 445.4

Market capitalisation A$m 80.8 81.9 Net Debt* A$m 45.1 42.4

Enterprise Value A$m 126.0 124.3

* 30 June 2008 (adj for Placement)

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BusinessBackgroundBusinessBackground

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Overview

Brandrill is a resource sector service company providing services to the mining industry across the exploration, development and production stages

DT-Hi Load• Emerging business selling innovative lightweight truck bodies for

off road, mining haul trucks• Leverage off Brandrill’s mining expertise and industry knowledge

Drilling• Core business supplying drilling services including drill and blast,

RC – exploration rigs• Integration of production and exploration with total fleet of 102

drill rigs in September 2008 with total replacement value in excess of $180 million

• Core business areas include hard rock, coal, civil and exploration

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Drilling Business

Excellent 2008 performance with EBITA of $21 million on sales of $154 million– Brandrill has capitalised on strong market position in Western Australian hard rock

and eastern states coal fields - in excess of 50% of revenue is currently sourced from iron ore and coal

– Hard Rock remains strong, and coal and civil activity has increased

– Margins have been maintained on the back of improved productivity

– Exploration has provided very solid margins and has performed to expectations

Strong ongoing performance from all areas

Volume driven business with no direct exposure to commodity price

Ability to switch rigs between customers and sectors to increase utilisation

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Drilling Business

Increased diversification of revenue– Civil increase from 9% to 24% of

drilling revenue– Revenue from new exploration

sector now 11%– Coal increased from 11% to 13%

Expanded and improved asset and employee base

– Employees increase from 225 at 2005 to 691 at 2008

– Drill rigs increased from 53 in June 2005 to 98, including 8 exploration rigs, at June 2008

– $32.1m spent on equipment (new and rebuilds) in 2008, with $28.4m spent in prior year

0

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2004 2005 2006 2007 2008

Year Ending 30 June

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RC RigsDrill RigsEmployees (LHS)

11%

24%

9%

13%

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28%

45%

24%35%

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2007 2008Year Ending 30 June

Port

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OtherHardrockIron Ore

Coal

Civil

Exploration

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Drilling Business

Good diversification by geography, customer and commodity, with particular strengths in important iron ore and coal markets Key Clients

• HWE / BHP Billiton• NRW / Rio Tinto• Downer EDI• BGC• Leighton• Macmahon• Thiess• Talison Minerals• Ensham Resources• BMA• AngloCoal

QLD CoalEnshamGerman CreekSth Walker CreekDawsonSarajiHail Creek

Sunrise Dam (Au)Greenbushes (Ta)

NSW CoalDrayton

Wodgina (Ta)

Sinclair (Ni)

Karratha Pluto LNG (civil)FMG/Christmas Creek (civil)Van Oord Dampier (civil)

Area C BHPB (Fe)Hope Downs (civil)Mesa A (Fe)Brockman 4 (civil)Coobina (Cr)

Windarling/Koolyanobbing (Fe)

Prominent Hill (CuAu)

Key commodities• Iron Ore• Coal• Gold• Copper• Tantalum

• + general civil projects

Strange Drilling:Mt Keith (Ni)Solomon Project (Fe)Mt Karara (Fe)Wiluna (Au)

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DT-Hi Load

Brandrill acquired 70% interest in Australian operations in October 2007

– Kits imported from Chile, assembled at Forrestdale, Western Australia with potential to move to full local production

– Exclusive rights for Australia and Asia Pacific Region

DT-Hi Load bodies offer very material advantages– The lighter patented bodies allow more ore to be carried by

the same truck, offering 15% greater productivity and fuel and tyre savings

DT bodies are widely accepted in South America, with Australian market acceptance now being witnessed

2008 EBIT of $1.9m from sales of $13.0 million, although this was skewed to the first half with second half break-evenF

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DT-Hi Load Established Base

141 truck bodies in use in Australasia across a range of commoditiesOver 700 elsewhere

East Coast CoalEnsham – 8Blackwater – 10 Goonyella – 10 Callide – 3

GoldSunrise Dam – 3Superpit - 5

NickelRocky’s Reward - 18

TantalumWodgina - 1

PNG GoldHidden Valley - 20

Iron OreKoolan Island – 13Koolyanobbing – 27

Iron Ore Savage River - 15

Users include• BHP Mitsubishi Alliance• Australian Bulk Minerals• BGC• Downer-EDI• Golding Contractors• Harmony Gold• AngloCoal

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The FutureThe Future

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Large levels of projected expenditure, particularly in iron-ore and coal (mainly in WA and Queensland), support ongoing demand for Brandrill’s services

Growth Opportunities

Value of Advanced Projects by Commodity

New Capital Expenditure

Source ABARE

Source ABARE

Source: ABARE

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DrillingDespite global credit issues the outlook for Brandrill’s drilling service remains strong.

Brandrill revenue is based on production volumes not commodity prices– Ongoing strong iron ore and coal global demand to maintain and grow current

production levels– East coast coal industry growth driven by ongoing strong demand and rail and port

infrastructure de-bottlenecking

While exploration may temper, any adverse impact will not be great– Less than 10% of total revenue – Focussed on the less volatile brown fields work including resource definition and in

pit RC drilling – Half the fleet engaged in the robust iron ore sector

80% of budgeted 2008/09 revenue is contracted

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DT- Hi Load

Increasing local acceptance. Following trial periods, orders have been received for prompt delivery:

– 5 bodies for gold producer, including service contract with potential to change over remaining fleet in the medium term

– 4 bodies for WA earth moving contractor

New customer interest remains high with trials to commence with coal and iron ore producers with operations in WA and Queensland

Potential with major OEM truck supplier

Assuming these are successful and orders flow then DT-Hi Load will look to move to full local manufacture

Local production will improve manufacturing and marketing flexibility, reduce delivery periods and working capital intensity, and enhance margins. Funding will be from internal resourcesF

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Balance Sheet

Brandrill predominantly uses equipment financing to fund acquisition of new plant and equipment

– Equipment leases have fixed interest rates and amortisation schedule – Lease costs are priced into Brandrill’s contract rates– Strong operating cashflows provide good lease service coverage (EBITDA/Interest of ≈8.0x)

Undrawn multi-option facility of $6.5 million

No other material financial debt obligations

Equity has been used to pursue growth outside of core business areas– 2007 capital raising to fund acquisition of DT-Hi Load and Strange– 2008 August placement further strengthened balance sheet to pursue organic growth

Gearing of 62% debt to equity– $45 million net debt at 30 June 2008 (adjusted for placement of $11.3 million)

Funding for any move to full local DT-Hi Load manufacture from release of working capital currently tied up in surplus stock

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SummarySummary

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Summary

Established track record of profitable growth

Good operational and corporate platform with strong established position in growth markets

Market guidance of 30% growth in drilling revenues to $200 million at similar margins

Low market valuation provides opportunity for re-rating

Upside from DT-Hi Load

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