Orion Group (ORN) Investor presentation summary

Business overview and market position

• Specializes in mission-critical marine and concrete construction, with over 100 years of marine and 40 years of concrete expertise.

• Holds a world-class safety record, with a 2025 LTIR of 0.13 versus the industry average of 2.3.

• Recognized as #2 in Marine Ports and #15 in Concrete by ENR in 2025.

• Owns over 1,000 pieces of specialty equipment valued at $600M, creating high barriers to entry.

• Maintains long-standing relationships with a diversified customer base across government and private sectors.

Growth drivers and market opportunities

• Benefits from strong political and economic tailwinds, including the $1.2T Infrastructure Act and U.S. Navy Pacific expansion.

• Pipeline of $24B supported by public and private sector demand, with 90% in marine and 10% in concrete.

• Selected for multiple U.S. Navy MACC contracts, positioning for significant Pacific infrastructure projects.

• Demand drivers include coastal rehabilitation, energy security, data center growth, and U.S. manufacturing reshoring.

Strategic initiatives and capital deployment

• Focuses on organic growth, geographic expansion, and strategic, accretive acquisitions.

• Recent acquisition of J.E. McAmis for $60M strengthens marine capabilities and expands geographic reach.

• Maintains a strong balance sheet with a net leverage ratio of 1.5x and $52M in liquidity as of March 2026.

• Capital deployment in the last twelve months split between CapEx (46.5%) and acquisitions (53.5%).