1H 2013 Earnings Presentation
120%
100%
80%
60%
40%
20%
0%
40%
50%
60%
Dec-08
Feb-09
Apr-09
70%
...which continue to impact demand for
our services and products.
80%
Drilling Services Historical Utilisation
Jun-09
Aug-09
Oct-09
Dec-09
Feb-10
Apr-10
Jun-10
Dec-08
Feb-09
Apr-09
Jun-09
Aug-09
Oct-09
Dec-09
Feb-10
Apr-10
Jun-10
Aug-10
Oct-10
Dec-10
Feb-11
Apr-11
Jun-11
Aug-11
BOART LONGYEAR
Aug-10
2009 Utilisation Rates
Oct-10
Dec-10
Feb-11
Apr-11
Jun-11
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
•
•
% Utilised
Products Historical Order Backlog (Indexed to Jan-08)
Declining global utilisation rates
resulting in reduced demand for
products
Inventory in place to fill existing
customer demand
2009 Order Backlog
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13 1
1H 2013 Earnings Presentation 6
Decrease in utilisation driven by
market conditions
Excess capacity likely to create 2H
pricing headwindsView entire presentation