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)

29 July 2022

SECOND QUARTER 2022 APPENDIX 4C

Please find attached Boart Longyear Group Limited's Second Quarter 2022 Appendix 4C.

Authorised for lodgement by:

Nicholas R. Nash

Company Secretary

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.

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

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

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")

642 848 103

30 June 2022

Consolidated statement of cash flows

Current quarter

Year to date

$'000 USD

6 months

$'000 USD

1. Cash flows from operating activities

1.1

Receipts from customers

262,397

494,219

1.2 Payments for

(a)

research and development

(1,647)

(2,729)

(b)

product manufacturing and operating

(190,254)

(387,485)

costs

(c)

advertising and marketing

(1,951)

(3,365)

(d)

leased assets

(8,402)

(13,488)

(e)

staff costs

(13,393)

(22,760)

(f)

administration and corporate costs

(19,358)

(30,869)

1.3

Dividends received

-

-

1.4

Interest received

6

11

1.5

Interest and other costs of finance paid

(4,110)

(7,863)

1.6

Income taxes paid

(3,692)

(5,300)

1.7

Government grants and tax incentives

-

-

1.8

Other (Unrealized FX, gain on disposal of

3,220

309

fixed assets)

1.9

Net cash from / (used in) operating

22,816

20,680

activities

2. Cash flows from investing activities

2.1 Payments to acquire or for:

(a)

entities

-

-

(b)

businesses

-

-

(c)

property, plant and equipment

(15,097)

(25,207)

(d)

investments

-

-

(e)

intellectual property

(1,841)

(3,156)

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

6 months

$'000 USD

(f) other non-current assets

-

-

2.2 Proceeds from disposal of:

(a)

entities

-

-

(b)

businesses

-

-

(c)

property, plant and equipment

932

2,200

(d)

investments

-

-

(e)

intellectual property

-

-

(f)

other non-current assets

-

-

2.3

Cash flows from loans to other entities

-

-

2.4

Dividends received

-

-

2.5

Other (provide details if material)

-

-

2.6

Net cash from / (used in) investing

(16,006)

(26,163)

activities

3. Cash flows from financing activities

3.1 Proceeds from issues of equity securities

(excluding convertible debt securities)

-

-

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

19,749

68,749

3.6

Repayment of borrowings

(21,544)

(48,120)

3.7

Transaction costs related to loans and

(245)

(282)

borrowings

3.8

Dividends paid

-

-

3.9

Other (provide details if material)

-

-

3.10

Net cash from / (used in) financing

(2,040)

20,347

activities

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1 Cash and cash equivalents at beginning of

period

35,310

25,579

4.2

Net cash from / (used in) operating

22,816

20,680

activities (item 1.9 above)

4.3

Net cash from / (used in) investing activities

(16,006)

(26,163)

(item 2.6 above)

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

6 months

$'000 USD

4.4

Net cash from / (used in) financing activities

(2,040)

20,347

(item 3.10 above)

4.5

Effect of movement in exchange rates on

(2,126)

(2,489)

cash held

4.6

Cash and cash equivalents at end of

37,954

37,954

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

37,954

35,310

5.2

Call deposits

-

-

5.3

Bank overdrafts

-

-

5.4

Other (provide details)

-

-

5.5

Cash and cash equivalents at end of

37,954

35,310

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

8

associates included in item 1 (Reimbursement of travel 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.

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

only

7. Financing facilities

Note: the term "facility' includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

  1. Loan facilities
  2. Credit standby arrangements
  3. Other (please specify)
  4. Total financing facilities

Total facility

Amount drawn at

amount at quarter

quarter end

end

$'000 USD

$'000 USD

205,103

181,903

-

7,147

-

9,963

205,103

199,013

use

7.5

Unused financing facilities available at quarter end

6,090

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

See schedule 7.6 for information about each facility. Items outlined as drawn under 7.2 & 7.3 reduce the amount that can be drawn under facilities listed in 7.1 (ABL).

personal

8. Estimated cash available for future operating activities

  1. Net cash from / (used in) operating activities (item 1.9)
  2. Cash and cash equivalents at quarter end (item 4.6)
  3. Unused finance facilities available at quarter end (item 7.5)
  4. Total available funding (item 8.2 + item 8.3)
  5. Estimated quarters of funding available (item 8.4 divided by item 8.1)

$'000 USD

22,816

37,954

6,090

44,044

N/A

For

Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5.

8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer: N/A

8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: N/A

8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer: N/A

Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

ASX Listing Rules Appendix 4C (17/07/20)

Page 4

+ See chapter 19 of the ASX Listing Rules for defined terms.

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Boart Longyear Limited published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 23:33:06 UTC.