B o a r t L o n g y e a r G r o u p L t d .
Incorporated under the laws of Ontario, Canada Ontario Corporation No. 002854330 ARBN 652 848 103
For personal use only
ASX ANNOUNCEMENT (ASX:BLY)
31 January 2022
BOART LONGYEAR FILES FOURTH QUARTER 2021 APPENDIX 4C
Boart Longyear Group Ltd (ASX:BLY) (the Company or Boart Longyear) has provided its preliminary cash flow report for the quarter ended 31 December 2021. The Company's full-year financial statements are in the process of being audited by Boart Longyear's auditor Deloitte Touche Tohmatsu. The Appendix 4E and full-year financial statements are expected to be released on or around Friday, 25 February 2022.
Authorised for lodgement by:
Jeffrey Olsen, President and Chief Executive Office
About Boart Longyear
Established in 1890, Boart Longyear is in its 132nd year as the world's leading provider of drilling services, orebody-data-collection technology, and innovative, safe and productivity-driven drilling equipment. With its main focus in mining and exploration activities spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals, the company also holds a substantial presence in the energy, oil sands exploration, and environmental sectors.
The Global Drilling Services division operates for a diverse mining customer base with drilling methods including diamond coring exploration, reverse circulation, large diameter rotary, mine dewatering, water supply drilling, pump services, production, and sonic drilling services.
The Geological Data Services division utilises innovative scanning technology and down-hole instrumentation tools to capture detailed geological data from drilled core and chip samples. This valuable orebody knowledge gives mining companies the ability to make timely decisions for more efficient exploration activities.
The Global Products division offers sophisticated research and development and holds hundreds of patented designs to manufacture, market, and service reliable drill rigs, innovative drill string products, rugged performance tooling, durable drilling consumables, and quality parts for customers worldwide.
Boart Longyear is headquartered in Salt Lake City, Utah, USA, and listed on the Australian Securities Exchange in Sydney, Australia (ASX:BLY). More information about Boart Longyear can be found at www.boartlongyear.com. To get Boart Longyear news direct, follow us on Twitter,LinkedInand Facebook.
2442 South Sheridan Way Mississauga, Ontario L5J 2M7 Canada
P: +1 905-822-7922 · TOLL FREE: + 1 800-453-8740
E: info@boartlongyear.com · W: www.boartlongyear.com
Page 2 of 2
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ASX ANNOUNCEMENT (ASX:BLY)
Investor Relations: | Media: |
Tony Shaffer | Michael Weir |
Head of Investor Relations | Citadel-MAGNUS |
Australia +61 8 8375 8300 | Australia: +61 8 6160 4903 |
USA +1 801 243 5216 | Mobile: +61 402 347 032 |
ir@boartlongyear.com | mweir@citadelmagnus.com |
For personal use only
Rule 4.7B
Appendix 4C | |||
Quarterly cash flow report for entities | |||
subject to Listing Rule 4.7B | |||
Name of entity | |||
Boart Longyear Group Ltd. | |||
ABN | Quarter ended ("current quarter") | ||
652 848 103 | 31 December 2021 | ||
Consolidated statement of cash flows | Current quarter | Year to date | |
$'000 USD | 12 months | ||
$'000 USD | |||
1. | Cash flows from operating activities | ||
1.1 | Receipts from customers | 246,403 | 889,721 |
1.2 Payments for
(a) | research and development | (3,335) | (5,784) | |
(b) | product manufacturing and operating | (212,666) | (716,588) | |
costs | ||||
(c) | advertising and marketing | (1,478) | (4,853) | |
(d) | leased assets | (6,220) | (23,960) | |
(e) | staff costs | (17,535) | (44,729) | |
(f) | administration and corporate costs | (10,496) | (35,556) | |
1.3 | Dividends received (see note 3) | - | - | |
1.4 | Interest received | 31 | 42 | |
1.5 | Interest and other costs of finance paid | (4,247) | (12,011) | |
1.6 | Income taxes paid | (2,775) | (11,463) | |
1.7 | Government grants and tax incentives | - | - | |
1.8 | Other (Unrealized FX, gain on disposal of | 1,057 | (31,612) | |
fixed assets, recapitalization and | ||||
restructuring charges) | ||||
1.9 | Net cash from / (used in) operating | (11,261) | 3,207 | |
activities |
2. Cash flows from investing activities
2.1 Payments to acquire or for:
(a) | entities | - | - |
(b) | businesses | - | - |
ASX Listing Rules Appendix 4C (17/07/20) | Page 1 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows | Current quarter | Year to date | |
$'000 USD | 12 months | ||
$'000 USD | |||
(c) | property, plant and equipment | (16,353) | (51,717) |
(d) | investments | - | - |
(e) | intellectual property | 6 | (6,498) |
(f) | other non-current assets | - | - |
2.2 Proceeds from disposal of:
(a) | entities | - | - | |
(b) | businesses | - | - | |
(c) | property, plant and equipment | 1,875 | 5,712 | |
(d) | investments | - | - | |
(e) | intellectual property | - | - | |
(f) | other non-current assets | - | - | |
2.3 | Cash flows from loans to other entities | - | - | |
2.4 | Dividends received (see note 3) | - | - | |
2.5 | Other (provide details if material) | - | - | |
2.6 | Net cash from / (used in) investing | (14,472) | (52,503) | |
activities |
3. Cash flows from financing activities
3.1 Proceeds from issues of equity securities
(excluding convertible debt securities) | - | 1,578 | |
3.2 | Proceeds from issue of convertible debt | - | - |
securities | |||
3.3 | Proceeds from exercise of options | - | - |
3.4 | Transaction costs related to issues of | - | - |
equity securities or convertible debt | |||
securities | |||
3.5 | Proceeds from borrowings | 22,985 | 264,187 |
3.6 | Repayment of borrowings | (24,230) | (208,713) |
3.7 | Transaction costs related to loans and | (75) | (4,375) |
borrowings | |||
3.8 | Dividends paid | - | - |
3.9 | Other (provide details if material) | - | (5) |
3.10 | Net cash from / (used in) financing | (1,320) | 52,672 |
activities |
ASX Listing Rules Appendix 4C (17/07/20) | Page 2 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
For personal use only
Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B
Consolidated statement of cash flows | Current quarter | Year to date |
$'000 USD | 12 months | |
$'000 USD |
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of
period | 55,385 | 23,513 | |
4.2 | Net cash from / (used in) operating | (11,261) | 3,207 |
activities (item 1.9 above) | |||
4.3 | Net cash from / (used in) investing activities | (14,472) | (52,503) |
(item 2.6 above) | |||
4.4 | Net cash from / (used in) financing activities | (1,320) | 52,672 |
(item 3.10 above) | |||
4.5 | Effect of movement in exchange rates on | (2,753) | (1,310) |
cash held | |||
4.6 | Cash and cash equivalents at end of | 25,579 | 25,579 |
period |
5. | Reconciliation of cash and cash | Current quarter | Previous quarter |
equivalents | $'000 USD | $'000 USD | |
at the end of the quarter (as shown in the | |||
consolidated statement of cash flows) to the | |||
related items in the accounts | |||
5.1 | Bank balances | 25,579 | 55,385 |
5.2 | Call deposits | - | - |
5.3 | Bank overdrafts | - | - |
5.4 | Other (provide details) | - | - |
5.5 | Cash and cash equivalents at end of | 25,579 | 55,385 |
quarter (should equal item 4.6 above) |
6. | Payments to related parties of the entity and their | Current quarter |
associates | $'000 USD | |
6.1 | Aggregate amount of payments to related parties and their | - |
associates included in item 1 (Reimbursement of recapitalization | ||
expenses incurred on behalf of Boart Longyear) | ||
6.2 | Aggregate amount of payments to related parties and their | - |
associates included in item 2 |
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.
ASX Listing Rules Appendix 4C (17/07/20) | Page 3 |
+ See chapter 19 of the ASX Listing Rules for defined terms. |
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Boart Longyear Limited published this content on 30 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2022 22:30:07 UTC.