1H 2013 Earnings Presentation

Operations (US $M) Drilling Services 1H 2012 1H 2013 % Change Revenue 817 538 -34% EBITDA 177 84 -53% 22% 16% EBITDA as a % of Revenue Products Revenue IEBITDA¹ EBITDA as a % of Revenue 1H 2012 1H 2013 % Change Cost: Global actions flowing through P&L Utilisation: At early 2009 levels Markets: Recent key wins - Chile, Saudi Arabia, Democratic Republic of Congo Price: Expect increasing pressure in 2H through 2014 Categories: Exploration slow, underground strong, water well flat Global Utilisation: Continues to decrease • Price: 1H stable, down less than 1% 282 181 -36% • • 68 22 -68% 24% 12% 1 Does not include restructuring and impairment charges BOART LONGYEAR Categories: Surface exploration slow, underground steady Backlog: Slightly above 2009 record low levels New products: Selective R&D investment continues including underground drill control interface and quiet rock drill 1H 2013 Earnings Presentation 18

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