Orbit Garant Drilling (OGD) Investor presentation summary

Business profile and positioning

• ~1,300 employees and 180 drill rigs; surface and underground mineral drilling expertise with operations in Canada and Chile.

• Focus on specialized projects in remote locations or with complex scopes and technical requirements; services include diamond coring, reverse circulation, geotechnical and directional drilling.

• Competitive strengths include vertically integrated rig manufacturing, technology innovation and long-standing relationships with senior and intermediate mining customers.

• Computerized monitoring and control technology supports real-time remote monitoring, remote core viewing and performance analytics; reported productivity improvement of 30%.

Financial performance

• FY2026 revenue $203.2M vs. $189.1M in FY2025; adjusted EBITDA $13.7M vs. $21.7M, and adjusted gross margin 14.7% vs. 19.5%.

• FY2026 net loss $1.5M, or $0.04/share, vs. net earnings of $7.5M, or $0.20/share, in FY2025.

• Q4 FY2026 revenue reached a record $57.2M; adjusted EBITDA was $3.6M and adjusted gross margin was 13.6%, vs. $5.5M and 20.2% in Q4 FY2025.

• Q4 FY2026 net loss was $1.9M, including a $1.4M expected credit loss, net of interest revenue, on the West Africa asset-sale receivable; Q4 FY2025 net earnings were $2.2M.

• Profitability was affected by production-cost and consumables inflation, workforce training investments, legacy contract pricing, project delays and gradual ramp-up of new Canadian projects.

Balance sheet and capacity

• At June 30, 2026, total assets were $164.0M, working capital $48.7M, and long-term debt and lease liabilities $38.9M; debt to adjusted EBITDA was 2.46.

• Debt increased primarily to fund startup of a large new specialized drilling contract in Northern Canada.

• Drill-rig utilization reached 70% in Q4 FY2026; the near-term target is ~70% and the stated optimal rate is ~80%.