Supplemental Subsidiary Guarantors

The following tables present condensed consolidated financial information as of April 26, 2013 and October 26, 2012 and for the quarters and six months ended April 26, 2013 and April 27, 2012 for: (a) the Company; (b) on a combined basis, the guarantors of the Credit Agreement and the 2021 Notes issued in October 2011, which include Joy Technologies LLC, P&H Mining Equipment Inc., N.E.S. Investment Co., Continental Crushing & Conveying Inc. and LeTourneau Technologies LLC (the “Supplemental Subsidiary Guarantors”); and (c) on a combined basis, the non-guarantors, which include all of our foreign subsidiaries and a number of small domestic subsidiaries (“Non-Guarantor Subsidiaries”).

The borrowings are fully and unconditionally guaranteed on a joint and several unsecured basis by the Supplemental Subsidiary Guarantors, which are direct and indirect 100% owned subsidiaries of the Company. We conduct all of our business and derive essentially all of our income from our subsidiaries. Therefore, our ability to make payments on the obligations is dependent on the earnings and distribution of funds from our subsidiaries. There are no restrictions on the ability of any of our domestic subsidiaries to transfer funds to the parent company. Separate financial statements of the Supplemental Subsidiary Guarantors are not presented because we believe such separate statements or disclosures would not be useful to investors.

Condensed Consolidating Statements of Income

Quarter ended April 26, 2013

(In thousands)



	Parent Company			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	811,365		$	903,915		$	(354,845	)	$	1,360,435
Cost of sales	—			572,800			628,413			(292,034		)	909,179
Product development, selling and administrative expenses	16,608			79,342			77,003			—			172,953
Other (income) expense	—			6,730			(7,060		)	—			(330		)
Operating income (loss)	(16,608		)	152,493			205,559			(62,811		)	278,633
Intercompany items	26,889			(23,967		)	(26,876		)	23,954			—
Interest income (expense), net	(10,355		)	447			(5,277		)	—			(15,185		)
Income (loss) from continuing operations before income taxes and equity	(74		)	128,973			173,406			(38,857		)	263,448
Provision (benefit) for income taxes	(11,361		)	67,608			25,422			—			81,669
Equity in income of subsidiaries	170,492			106,652			—			(277,144		)	—
Income from continuing operations	$	181,779		$	168,017		$	147,984		$	(316,001	)	$	181,779

Quarter ended April 27, 2012

(In thousands)



	Parent Company			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	837,708		$	1,050,171		$	(346,819	)	$	1,541,060
Cost of sales	—			570,244			743,642			(283,197		)	1,030,689
Product development, selling and administrative expenses	15,664			82,216			84,153			—			182,033
Other (income) expense	—			4,395			(9,494		)	—			(5,099		)
Operating income (loss)	(15,664		)	180,853			231,870			(63,622		)	333,437
Intercompany items	17,770			(16,943		)	(21,378		)	20,551			—
Interest (expense) income, net	(17,839		)	69			650			—			(17,120		)
Income (loss) from continuing operations before income taxes and equity	(15,733		)	163,979			211,142			(43,071		)	316,317
Provision (benefit) for income taxes	(19,890		)	85,957			32,298			—			98,365
Equity in income of subsidiaries	213,795			117,840			—			(331,635		)	—
Income from continuing operations	217,952			195,862			178,844			(374,706		)	217,952
Income from continuing operations attributable to noncontrolling interest	(33		)	—			(33		)	33			(33		)
Income from continuing operations attributable to Joy Global Inc.	$	217,919		$	195,862		$	178,811		$	(374,673	)	$	217,919

Six months ended April 26, 2013

(In thousands)



	Parent Company			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,412,321		$	1,781,436		$	(683,445	)	$	2,510,312
Cost of sales	—			983,443			1,249,533			(550,648		)	1,682,328
Product development, selling and administrative expenses	29,410			153,459			147,365			—			330,234
Other (income) expense	—			15,906			(17,941		)	—			(2,035		)
Operating income (loss)	(29,410		)	259,513			402,479			(132,797		)	499,785
Intercompany items	58,009			(43,815		)	(62,533		)	48,339			—
Interest income (expense), net	(32,925		)	544			2,043			—			(30,338		)
Income (loss) from continuing operations before income taxes and equity	(4,326		)	216,242			341,989			(84,458		)	469,447
Provision (benefit) for income taxes	(20,637		)	124,654			41,512			—			145,529
Equity in income of subsidiaries	307,607			196,610			—			(504,217		)	—
Income from continuing operations	$	323,918		$	288,198		$	300,477		$	(588,675	)	$	323,918

Six months ended April 27, 2012

(In thousands)



	Parent Company			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,545,951		$	1,802,115		$	(670,805	)	$	2,677,261
Cost of sales	—			1,059,593			1,281,531			(537,659		)	1,803,465
Product development, selling and administrative expenses	42,659			164,919			145,811			—			353,389
Other (income) expense	—			12,259			(39,035		)	—			(26,776		)
Operating income (loss)	(42,659		)	309,180			413,808			(133,146		)	547,183
Intercompany items	32,493			(24,378		)	(54,131		)	46,016			—
Interest (expense) income, net	(34,532		)	171			1,164			—			(33,197		)
Income (loss) from continuing operations before income taxes and equity	(44,698		)	284,973			360,841			(87,130		)	513,986
Provision (benefit) for income taxes	(33,132		)	133,324			53,323			—			153,515
Equity in income of subsidiaries	372,037			175,403			—			(547,440		)	—
Income from continuing operations	360,471			327,052			307,518			(634,570		)	360,471
Income from continuing operations attributable to noncontrolling interest	(142		)	—			(142		)	142			(142		)
Income from continuing operations attributable to Joy Global Inc.	$	360,329		$	327,052		$	307,376		$	(634,428	)	$	360,329

Condensed Consolidating Balance Sheets:

As of April 26, 2013

(In thousands)



	Parent Company			Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets	$	92,611		$	1,058,405	$	2,159,368	$	(198,777	)	$	3,111,607
Property, plant and equipment, net	15,317			385,046		489,709		—			890,072
Goodwill and intangible assets, net	—			810,093		1,169,895		—			1,979,988
Other assets	4,379,517			2,710,655		1,988,420		(8,871,757		)	206,835
Total assets	$	4,487,445		$	4,964,199	$	5,807,392	$	(9,070,534	)	$	6,188,502
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	81,215		$	600,827	$	953,382	$	(53,305	)	$	1,582,119
Long-term obligations	1,308,784			991		—		—			1,309,775
Accrued pension costs	241,216			6,274		6,942		—			254,432
Other non-current liabilities	(20,783		)	10,305		175,641		—			165,163
Total liabilities	1,610,432			618,397		1,135,965		(53,305		)	3,311,489
Shareholders’ equity	2,877,013			4,345,802		4,671,427		(9,017,229		)	2,877,013
Total liabilities and shareholders’ equity	$	4,487,445		$	4,964,199	$	5,807,392	$	(9,070,534	)	$	6,188,502

As of October 26, 2012

(In thousands)



	Parent Company			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Current assets	$	97,443		$	1,129,867	$	2,149,820		$	(221,053	)	$	3,156,077
Property, plant and equipment, net	12,515			374,324		446,023			—			832,862
Goodwill and intangible assets, net	—			818,435		1,153,147			—			1,971,582
Other assets	4,178,760			2,517,019		1,814,876			(8,328,673		)	181,982
Total assets	$	4,288,718		$	4,839,645	$	5,563,866		$	(8,549,726	)	$	6,142,503
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	106,207		$	701,676	$	1,041,266		$	(81,479	)	$	1,767,670
Current liabilities of discontinued operations	—			46,693		(33,546		)	—			13,147
Long-term obligations	1,305,413			1,212		—			—			1,306,625
Accrued pension costs	322,310			6,589		6,914			—			335,813
Other non-current liabilities	(22,401		)	10,205		154,255			—			142,059
Total liabilities	1,711,529			766,375		1,168,889			(81,479		)	3,565,314
Shareholders’ equity	2,577,189			4,073,270		4,394,977			(8,468,247		)	2,577,189
Total liabilities and shareholders’ equity	$	4,288,718		$	4,839,645	$	5,563,866		$	(8,549,726	)	$	6,142,503

Condensed Consolidating Statements of Cash Flows:

Six months ended April 26, 2013

(In thousands)



	Parent Company			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities of continuing operations	$	26,790		$	22,991		$	43,494		$	93,275
Net cash used by operating activities of discontinued operations	—			(2,372		)	—			(2,372		)
Net cash provided by operating activities	26,790			20,619			43,494			90,903
Net cash used by investing activities	(2,878		)	(23,313		)	(58,693		)	(84,884		)
Net cash used by financing activities	(27,202		)	(209		)	(5,575		)	(32,986		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(2,031		)	(2,031		)
Decrease in cash and cash equivalents	(3,290		)	(2,903		)	(22,805		)	(28,998		)
Cash and cash equivalents at beginning of period	3,459			6,628			253,786			263,873
Cash and cash equivalents at end of period	$	169		$	3,725		$	230,981		$	234,875

Six months ended April 27, 2012

(In thousands)



	Parent Company			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Consolidated
Net cash provided (used) by operating activities of continuing operations	$	(60,722	)	$	72,552		$	84,617		$	96,447
Net cash used by operating activities of discontinued operations	—			(10,158		)	—			(10,158		)
Net cash provided (used) by operating activities	(60,722		)	62,394			84,617			86,289
Investing Activities:
Acquisition of controlling interest in International Mining Machinery, net of cash acquired	(1,012,361		)	—			72,912			(939,449		)
Withdrawal of cash held in escrow	849,700			—			—			849,700
Other investing activities	(3,166		)	(65,757		)	(43,620		)	(112,543		)
Net cash (used) provided by investing activities	(165,827		)	(65,757		)	29,292			(202,292		)
Net cash provided (used) by financing activities	226,659			(199		)	(4,773		)	221,687
Effect of exchange rate changes on cash and cash equivalents	—			—			(3,028		)	(3,028		)
Increase (decrease) in cash and cash equivalents	110			(3,562		)	106,108			102,656
Cash and cash equivalents at beginning of period	100,181			16,152			171,988			288,321
Cash and cash equivalents at end of period	$	100,291		$	12,590		$	278,096		$	390,977