Boart Longyear Ltd

Boart Longyear — Shareholder Meeting (May 2018)

19 slides from Boart Longyear's shareholder meeting presentation, May 23, 2018

  1. Slide 1: Annual General Meeting May 2018 – Melbourne

    LRTM 350e Drill Rig and FL262 Freedom™ Loader Annual General Meeting May 2018 – Melbourne

  2. Slide 2: Important Notice and Disclaimer

    Important Notice and Disclaimer  This presentation has been prepared by Boart Longyear Limited, ABN 49 123 052 728 (Boart Longyear or the Company). It contains general information about the Company’s activities as at the date of the presentation. It is information given in summary form and does not

  3. Slide 3: Chairman's Address

    Chairman’s Address Marcus Randolph

  4. Slide 4: Our Focus

    World’s leading provider… of drilling services, equipment and tooling  Tough, deep drill holes under difficult circumstances Our Focus  Innovative drilling products and data management  Safe, reliable, cost-efficient performance 4

  5. Slide 5: Global Drilling Services

    Global Drilling Services - Active Across all Mining Stages Stage Boart Longyear Service Offering FY 2017 Drilling Services Revenue by Stage  Surface coring Explore  Reverse Circulation ("RC") to get through overburden quickly  Rotary for water exploration  Surface coring Evaluate  Reverse Circu

  6. Slide 6: Advancing Drilling Equipment

    Advancing Drilling Equipment - Continuing to deliver a safer and more productive drill rig LF™160 Rig and MDR700 Mobile LF™350e Rig and FREEDOM™ Loader Drill Rig FREEDOM™ Loader (Surface Coring) (Underground Coring) (Surface Coring and Deep Hole exploration)  100% hands-free for safe and  Only mob

  7. Slide 7: Leading innovation in the industry

    Leading innovation in the industry - Continued focus on R&D through the cycle LongyearTM Bits XQTM Rods TruScanTM TruShotTM (Diamond Coring) (Deep-hole Drilling) (On-site Assay) (Down-hole Survey)  Patented new diamond  New patented thread  Proprietary onsite  Launching in 2018 bonding technolog

  8. Slide 8: FY 2017 Highlights

    FY 2017 Highlights - Improvement in operating performance and market outlook Continued Industry-leading Safety Performance  LTIR – 0.22 (2016 – 0.11) 1 Safety  TCIR – 1.62 (2016 - 1.41) 1  FOCUS: Clear, simple systems and processes Delivered productivity improvements across the organisation Perfo

  9. Slide 9: CEO's Address

    CEO’s Address 5 Jeff Olsen G LONGYEAR’ BOART

  10. Slide 10: Safety & Environment

    Safety & Environment - Leading safety performance focused on continuous improvement Total Incident Rates1 2.23 2.33 2.50 2.15 2.00 1.78 1.56 1.62 1.62 1.35 1.41 1.50 1.24 1.00 0.50 0.14 0.12 0.13 0.19 0.11 0.18 0.11 0.22 0.08 0.10 - Leading safety performance KPI’s FY 2008 FY 2009 FY 2010 FY 2011 FY

  11. Slide 11: Consolidated Results Summary: FY 2017

    Consolidated Results Summary: FY 2017 - Volume increasing along with continued operational improvements (US $M) Consolidated Revenue Bridge  Revenue increased $97M (15%), driven by volume increases across both Drilling Services and Products  Consecutive half on half increases in revenue since H120

  12. Slide 12: Completed Recapitalisation

    Completed Recapitalisation - Met objectives to reduce debt, improve liquidity and extend maturity (US $M) Reduced Debt  Significant reduction in debt and future PIK rates  Converted $196M into Equity,  Further $88M reduced to 1.5% PIK  Reduced Term Loan PIK rate to 8% (from 2019 onwards)  Expan

  13. Slide 13: First Quarter 2018

    First Quarter 2018 - Market improvement continues & well placed to capture our share (US $M) Total Company  Revenue - Increased $24M (15%), driven by volume 31-Mar-18 31-Mar-17 % Change increases across both Drilling Services and Products Revenue 188 164 15%  Statutory EBITDA – Increased $17M from

  14. Slide 14: Stronger Leading Indicators

    Stronger Leading Indicators - Significant improvement in key customer metrics and outlook  Mining industry debt ratings are improving Debt Ratios  Improved industry balance sheets will result in increased drilling activity for reserve / resource replenishment  Improvement of 99% in MSCI index sin

  15. Slide 15: FY 2018 Strategic Objectives

    FY 2018 Strategic Objectives - Build on the operational improvements delivered in 2017 Continue to be an industry leader Safety  Simplify safety systems and standards  Implement soft start hazard risk program  Expand onboarding program to include detailed technical training Remain focused on main

  16. Slide 16: Chairman's Conclusions

    TruScan™ Innovative Core Scanning Technology Chairman’s Conclusions Marcus Randolph

  17. Slide 17: Outlook for 2018 and Beyond

    Outlook for 2018 and Beyond  Forecast for global growth is >3%  Resource stock prices up 65% and junior equity raisings up 49% over the last 2 years.  Demand for our drilling products and services increased in 2017 for the first time since 2011.  Our revenue growth has benefitted from increased

  18. Slide 18: Questions?

    Questions? @ BOART LONGYEAR

  19. Slide 19: Footnote Disclosures

    Footnote Disclosures  Footnote 1: Per 200,000 work hours.  Footnote 2: Loss from Trading Activities, Adjusted Gross Margin, Adjusted Operating Loss, Adjusted SG&A, Adjusted EBITDA and Adjusted NPAT Loss are non-IFRS measures and are used internally by management to assess the underlying performanc

Boart Longyear — Shareholder Meeting (May 2018) on 6ix