1H 2013 Earnings Presentation

1H 2013 Consolidated Overview (US $M) Revenue ADJUSTED¹ 1H 2012 1H 2013 % Change 1,099 719 -35% Revenue STATUTORY 1H 2012 1H 2013 % Change 1,099 719 -35% Gross Margin 312 134 -57% Gross Margin 312 134 -57% Gross Margin as a % of Revenue 28% 19% Gross Margin as a % of Revenue 28% 19% EBIT / Op Profit 149 8 -95% EBIT/Op Profit 148 (307) NMF EBIT/Op Profit % of Revenue 14% 1% EBIT/Op Profit % of Revenue 13% -43% EBITDA 209 80 -62% EBITDA 208 (235) NMF EBITDA as a % of Revenue 19% 11% EBITDA as a % of Revenue 19% -33% NPAT 98 (60) NMF NPAT 98 (329) NMF NPAT as a % of Revenue 9% -8% NPAT as a % of Revenue 9% -46% EPS (cents) 21.6 (13.3) NMF EPS (cents) 21.5 (72.5) NMF Cash from Operations 2 62 34 -45% Cash from Operations 2 61 16 -74% Net Debt ³ 3 373 564 51% Net Debt³ 373 564 51% Headcount 11,440 7,147 -38% Headcount 11,440 7,147 -38% Significant restructuring and impairment charges impact statutory results 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. 2 Before interest and tax payments 3 Excludes contingent liabilities relevant to determining bank covenant compliance. See footnotes #1 and #15 in the financial statements. BOART LONGYEAR 1H 2013 Earnings Presentation 11

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