High Arctic Energy Services (HWO) Investor presentation summary

Business overview and operations

• Provides high-margin rental services under Delta Rental Services, including blow out preventers, valves, high-pressure pipework, and oilfield equipment for fracking.

• Owns two developed industrial properties, one generating lease income, and holds a 42% equity investment in Team Snubbing.

• Delta Rental Services, acquired in December 2023, is integrated with legacy rentals and rebranded as Delta Rental Solutions, serving major Canadian basins.

• Team Snubbing holds the largest snubbing equipment fleet in Canada, with international expansion in Alaska and Africa.

Strategic objectives and culture

• Focuses on safety excellence, quality service, and organic growth through selective investments.

• Seeks accretive acquisitions in Canada and actively manages costs to preserve financial flexibility.

• Emphasizes a quality-centric culture with a strong safety record and values centered on people, community, trust, and customer focus.

Financial highlights

• Reported revenue of $2.94M for Q2 2026 and $5.68M for the first half of 2026; adjusted EBITDA margins between 16% and 19%.

• Working capital of $11.3M, cash of $3.0M, and mortgage debt of $3.1M as of June 30, 2026.

• Shareholders’ equity of $23.1M ($1.82 per share) and market capitalization of $4.6M as of August 2026.