1H 2013 Earnings Presentation
1H 2013 - Consolidated Results Summary
(US $M)
1,500
1,000
500
1,099
Revenue
719
0
1H 2012
1H 2013
EBITDA
300
208
200
100
0
(100)
(200)
(300)
1H 2012
98
100
0
(100)
(200)
(300)
(400)
1H 2012
• Sector-wide decline driven by reduced customer spend
• Stable demand for underground applications and products
Drill rig utilisation down ~25% year over year
(235)
80
00
1H 2013 (Statutory) 1H 2013 (Adjusted)'
Net Profit
• Further cost reductions announced and underway with
$90M of annual "run-rate" reductions to be realised in 2014
Approximately $297M of the $315M restructuring and
impairment adjustments were non-cash
• No interim dividend to be paid
(60)
(329)
1H 2013 (Statutory) 1H 2013 (Adjusted)1
BOART LONGYEAR
1 The income statement is presented on both a statutory and an adjusted basis. The adjusted measure
excludes the impact of $315M ($269M net of tax) of restructuring and related impairment charges, of
which US$297 million were non-cash. See appendix for reconciliation.
1H 2013 Earnings Presentation
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