Geodrill (GEO) Investor presentation summary

Business overview and strategy

• Focuses on mineral exploration drilling with 25 years of operational excellence and recurring revenue from top-tier mining clients.

• Operates a high-performance rig fleet and maintains state-of-the-art facilities to ensure efficiency and profitability.

• Geographic diversification and a skilled team enable operations in growth markets and jurisdictions.

• Long-term contracts with leading mining companies provide revenue visibility and stability.

• Founder-led and innovative approach aligns management with investor interests.

Financial performance and growth

• Achieved record revenue in recent years, with fiscal 2024 revenue reaching $154.8 million.

• Consistent 10% revenue growth and strong profitability reinforce financial stability.

• Strong cash position supports expansion to meet increasing demand.

• Over 12 years, experienced three distinct 4-year revenue growth cycles, with each new rig adding $1.5M in revenue and delivering ~15% ROCE.

• Trading at an attractive discount to peers, with FY25 consensus of 2.9x EV/EBITDA.

Market positioning and client base

• Secured significant contract wins with major mining companies, including Newmont, Barrick, Kinross, and AngloGold Ashanti.

• Maintains a fleet of 82–93 rigs, supporting large-scale and diversified operations.

• Positioned to benefit from commodity price tailwinds and essential role in the mining supply chain.

• Long-term contracts and geographic reach drive confidence in future performance.

• Solid balance sheet enables capitalization on market opportunities and long-term value creation.