TruScanTM Technology
2018 Results
February 2019
Jeff Olsen - Chief Executive Officer
Company Confidential - Unauthorized use or distribution prohibited. © 2019 Boart Longyear. All rights reserved.
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• This presentation has been prepared by Boart Longyear Limited, ABN 49 123 052 728 (Boart Longyear or the Company). It contains general information about the Company's activities as at the date of the presentation. It is information given in summary form and does not purport to be complete.The distribution of this presentation in jurisdictions outside Australia may be restricted by law, and you should observe any such restrictions.
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- Revenue up US$31 Million (4%), Adjusted EBITDA up $38 Million (87%)
Total Company - 2018
PERFORMANCE
VOLUMES 3
+12.5%
PRICE >2.0%
PROFITABILITY 2
US$ 38M
(2018 - US$81M)
OPERATING CASH FLOW
US$ 58M
(2018 - $4M)
FINANCIAL
RIG OPTIMISATION >9% additional shifts worked
PRODUCTIVITY +2%
Labour as % of Revenue
FACILITY FOOTPRINT 30% reduction
INVENTORY >5% reduction
OPERATING PERFORMANCE
Leading innovation in the industry
- Improving drill productivity and data collection
Geological Data ServicesLongyear™ Bits
• Launched full range Longyear™ Bits
• Yellow Bit achieved 938m (3,078ft)
(TruCore™, TruShot™, TruScan™)
• TruShot™ global rollout in 2018
• Doubled GDS revenues
• TruScan™ now at multiple customer sites
• 70% increase in sales
Drilling Rigs with FREEDOM™ Loader Hands-Free Rod Handling
• Demand for hands-free rod management increasing
• Doubled LF™160 production
• LF ™160 now available in Africa
XQ™ Coring Rods
• XQ ™ Coring Rods launched
• Successful drill depth of >3,000m
• Industry standard for "Tough" Holes
Drilling Services: 2018 Operations
Key Financials (US $M): | FY 2018 | FY 2017 | Change Fav / (Unfav) |
Revenue | 534 | 501 | 7% |
COGS | 448 | 429 | -4% |
SG&A | 26 | 30 | 15% |
EBITDA | 83 | 69 | 20% |
EBITDA as % of Revenue | 16% | 14% |
2018 Financial Highlights
VOLUMES - 9% Increase after eliminating FX and discontinued operations.
PRICING - Up >2% over 2017
EBITDA - Up 20% via volume and productivity increases
Revenue by Commodity
2018 Operating Highlights
SAFETY - Fewest Lost Time Injuries (4) and lost working days (127) since listing on ASX
OPERATING SHIFTS - Total shifts worked increased by >7%
PRODUCTIVITY - 2% Labour reduction as a % of Revenue
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Disclaimer
Boart Longyear Limited published this content on 26 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 February 2019 23:47:02 UTC