Refinancing Presentation
Leverage our long-standing relationships
with the Majors
Customer
% of DS
Revenues¹
Length of
Relationship
Customer 1
12%
> 10
Customer 2
9%
> 60
Customer 3
8%
> 25
Customer 4
6%
> 25
Customer 5
5%
> 20
Overview of Customer Base
Majors/intermediates generate over 80% of Drilling
Services revenues
•
More stable exploration drilling budgets and
sufficient capital to drill through the cycle
Customers that have operations on nearly every
continent rely on BLY to provide services across the
globe
Revenue by Customer Type
Customer 6
5%
> 10
80%81%82%
Customer 7
4%
> 75
73%
63%
Customer 8
3%
> 10
Customer 9
2%
> 15
Customer 10
2%
> 20
Total Top 10
56%
18%
18%
13% 12% 13%
13%
10%
8% 6% 8%
1TTM June 2013 revenue of $1,237mm
Major/Intermediate
Junior
Non-Mining
-2009
■2010 ■ 2011
■ 2012
■TTM 6/30/13
BOART LONGYEAR" Refinancing Presentation - October 2013
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