1H 2013 Earnings Presentation

Driving Cost and Efficiencies Improve Synergies: Products & Drilling Services BOART LONGYEAR Consolidate Maintenance Groups • • • • Over 40% reduction in employees New costing process Implementing models to reduce downtime & increase productivity Global coverage Elimination of duplicate sites Consolidate Supply Chain Groups • • • • Over 30% reduction in employees Consistent controls on inventory Reduction in inventory Over 30% of stocking locations will be consolidated 1H 2013 Earnings Presentation 21

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