Refinancing Presentation
Pro Forma Expenditure & Headcount Profiles
(US $M)
Expenditure Bridge
Expecting to have removed over $650mm
of expenditures since LTM June 2012
$2,500
$2,109
$2,000
$1,702
$1,500
$(297)
$(35)
$1,452
$(75)
$(35)
$(90)
$(125)
$1,000
Actual Expenditure
Reduction: $407
$500
Additional Pro forma
Expenditure Reduction: $250
$-
LTM June 2012
Variable
Fixed
Capex
LTM June 2013
Full Impact of Full Impact of Full Impact of
$70M Reduction $90M Reduction $50M Capex Plan
Pro Forma
■ Variable ■Fixed
■Capex
Headcount Bridge
12,000 ~11,400
Expecting to have reduced over
5,400 heads since June 2012
10,000
8,000
~7,100
(3,500)
N/A
(800)
6,000
(> 725)
< 6,000
N/A
(>375)
4,000
Headcount Reduction: ~4,300
2,000
Additional Headcount
Reduction: > 1,100
0
June 2012
Variable
Fixed
Capex
June 2013
Variable
Fixed
Capex
Pro Forma
■Variable Fixed
BOART LONGYEAR
13
Refinancing Presentation - October 2013View entire presentation