Revenue grew 51 percent to US$1.476 billion. Growth was seen globally in both businesses, in all regions.

EBITDA doubled in 2010 to US$222 million. Leverage was seen on volume. Drilling Services experienced steady price and margin recovery in the second half of 2010. The Company had excellent cost control.

The number of Lost Time Days was reduced by 19 percent in 2010. The Company's tracking and reporting systems are shared around the globe and will continue to drive improvements.

NPAT of US$85 million was up US$100 million from the net loss of US$15 million in 2009.

Cash from Operations of US$52 million compares to US$117 million for 2009. Additional cash was required to accelerate growth.

Over 2,200 employees have been hired since December 2009, taking the global workforce to over 9,200 people worldwide.

During 2010 debt increased to fund working capital needs as the business grew by 51 percent. Boart Longyear remains committed to maintaining a low leverage ratio and a prudent, sustainable capital structure through the mining cycle.

Over 25 percent of the Company's diversified revenue stream is generated from non-exploration activities.