Boart Longyear : Investor Presentation June 2022

Boart Longyear

Helping Our Customers Safely

Uncover Reserves and Build

Extensive Orebody Knowledge

June 2022

Important Information and Disclaimer

IMPORTANT NOTICES & DISCLAIMER

This investor presentation (Presentation) has been prepared by Boart Longyear Group Ltd. (ARBN 652 848 103) (Boart Longyear or the Company). This Presentation contains summary information about Boart Longyear, its subsidiaries and their activities which is current as at the date of this Presentation, unless otherwise indicated. The information in this Presentation is of a general nature and does not purport to be complete, nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Boart Longyear. This Presentation should be read in conjunction with Boart Longyear's other periodic and continuous disclosure announcements which are available at www.asx.com.au or https://www.boartlongyear.com/. In accordance with ASX Listing Rule 15.5, Boart Longyear confirms that this Presentation has been authorised for release to ASX by the board of directors of Boart Longyear.

Not an offer

This Presentation is not a prospectus or product disclosure statement under the Corporations Act 2001 (Cth) (Corporations Act) or other offering document under Australian law, or any other law. This Presentation does not contain all the information that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act. This Presentation has not been lodged with the Australian Securities and Investment Commission (ASIC). This Presentation is for information purposes only and does not constitute an offer or invitation to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. The distribution of this Presentation may be restricted by law or regulation and you should observe any such restrictions imposed by applicable laws and regulations.

Not investment or financial product advice

This Presentation, and the information provided in it, does not constitute, and is not intended to constitute, investment or financial product advice (nor tax, accounting or legal advice). This Presentation should not be relied upon as advice to investors or potential investors and has been prepared without taking account of any person's individual investment objectives, financial situation or particular needs. Any investment decision should be made based solely upon appropriate due diligence. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek legal, accounting and taxation advice appropriate to their jurisdiction. Recipients of this Presentation are advised to consult their own professional advisers.

Future performance and projected financial information

This Presentation contains certain "forward-looking statements". Forward looking statements can often, but not always, be identified by the use of forward looking words such as "forecast", "estimate", "likely", "anticipate", "believe", "expect", "future", "project", "opinion", "opportunity", "predict", "outlook", "guidance", "intend", "should", "could", "may", "target", "plan", "propose", "to be", "foresee", "aim", "will" and other similar expressions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Actual results, performance or outcomes may differ materially from any projections and forward- looking statements and the assumptions on which those assumptions are based. You are strongly cautioned not to place undue reliance on forward-looking statements and neither Boart Longyear nor any of its directors, officers, employees, servants, advisers or agents assumes any obligation to update such information. Any forward-looking statements, as well as any other opinions and estimates, provided in this Presentation are based on assumptions and contingencies which are subject to change without notice and may prove ultimately to be materially incorrect, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance and may involve significant elements of subjective judgment, assumptions as to future events that may not be correct, known and unknown risks, uncertainties and other factors, many of which are outside the control of Boart Longyear . A number of factors could cause actual results, performance or achievements to vary materially from any forward-looking statements and the assumptions on which statements are based, including but not limited to the key investment risks set out in this Presentation. Except as required by applicable law or regulation, Boart Longyear undertakes no obligation to provide any additional or updated information or update any forward-looking statements, whether as a result of new information, future events or results or otherwise. Nothing in this Presentation will, under any circumstances (including by reason of this Presentation remaining available and not being superseded or replaced by any other presentation or publication with respect to Boart Longyear or the subject matter of this Presentation) create an implication that there has been no change in the affairs of Boart Longyear since the date of this Presentation. Neither Boart Longyear, nor any of its directors, officers, employees, servants, advisers or agents makes any warranty as to the accuracy of any forward-looking statements in this Presentation.

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Important Information and Disclaimer

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Past performance

Prospective investors should note that past performance metrics and figures (including past share price performance of Boart Longyear) in this Presentation are given for illustrative purposes only and cannot be relied upon as an indicator of (and provide no guidance as to) future Boart Longyear performance, including future share price performance. Any such historical information is not represented as being, and is not, indicative of Boart Longyear's views on its future financial condition and/or performance.

Effect of rounding

A number of figures, amounts, percentages, estimates, calculations of value and fractions in this Presentation are subject to the effect of rounding. The actual calculation of these figures may differ from the figures set out in this Presentation.

Financial Data

All references to dollars are to United States currency unless otherwise stated, and all financial results presented may not be audited.

Reliance on third party information

The information and views expressed in this Presentation were prepared by Boart Longyear and may contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. No responsibility or liability is accepted by Boart Longyear, its directors, officers, employees, servants, advisers or agents for any errors, misstatements in or omissions from this Presentation. You should make your own assessment in considering an investment in Boart Longyear and should not rely on this Presentation. In all cases, you should conduct your own investigations and analysis of the financial condition, assets and liabilities, financial position and performance, profits and losses, prospects and business affairs of Boart Longyear and its business, and the contents of this Presentation.

Disclaimer

No party other than Boart Longyear has authorised or caused the issue, lodgement, submission, dispatch or provision of this Presentation, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this Presentation. None of Boart Longyear's advisers, or any of their respective affiliates, related bodies corporate, directors, officers, partners, employees, servants, advisers and agents (each a Limited Party), have authorised, permitted or caused the issue, submission, dispatch or provision of this Presentation and none of them makes or purports to make any statement in this Presentation and there is no statement in this Presentation which is based on any statement by any of them. To the maximum extent permitted by law, Boart Longyear, its, affiliates and related bodies corporate, and their directors, officers, partners, employees, servants, advisers and agents, and each Limited Party (together, the Boart Longyear Parties) make no representation or warranty (express or implied) as to the accuracy, reliability, currency or completeness of this Presentation. To the maximum extent permitted by law, the Boart Longyear Parties exclude and disclaim all liability for any statements, opinions, information or matters (express or implied) arising out of, or contained in or derived from this Presentation, or for any omissions from this Presentation. Statements made in this Presentation are made only as at the date of this Presentation. The information in this Presentation remains subject to change without notice. Boart Longyear is under no obligation to correct, update or otherwise revise this Presentation.

Acknowledgement and agreement

By accepting, accessing or reviewing this Presentation, all recipients acknowledge and agree to the terms set out in this "Important Information and Disclaimer" section of this Presentation.

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Table of Contents

01

02

03

04

05

Company Overview

Key Investment Highlights

Industry Backdrop

Financial Overview

Appendix

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1 Company Overview