Orion Group (ORN) Investor presentation summary

Business profile and positioning

• Specialty infrastructure provider serving public and private clients across the U.S., Caribbean and beyond, with marine, concrete, dredging, diving and engineering capabilities.

• Nearly a century of experience, ~2,000 employees and extensive self-perform capabilities support turnkey delivery across transportation, industrial, mission-critical and waterfront projects.

• Structural barriers include $600M specialty-equipment replacement value, 1,000+ equipment units, Jones Act protection and 100+ years of marine construction and civil engineering experience.

Infrastructure demand and opportunity pipeline

• Demand spans federal and defense modernization, ports and waterways, industrial reshoring, mission-critical data centers and coastal resilience; award timing and backlog conversion remain key variables.

• Identified project pipeline totals $27B: $14B near-term and $13B long-term; pipeline projects are opportunities tracked, not binding contracts.

• Five prequalified Navy and military contract vehicles provide access to future task-order competitions; stated vehicle capacity is not attributable revenue or backlog.

• Market indicators include $22B+ in planned Navy shipyard projects, $17B of federal ports and waterways investment, a $50B Louisiana coastal plan and $60B+ of U.S. LNG capital committed at FID in 2025.

Operating model and growth strategy

• Since 2022, disciplined bidding and risk management, stronger execution, expanded capabilities and a long-term credit facility have positioned the business for larger, more complex $200M+ projects.

• Priorities include profitable organic growth, geographic expansion, selective accretive M&A, healthy-margin project selection, talent development and technology-enabled scale.

• Modernized ERP and project-management systems and operating leverage are intended to convert revenue growth into higher EBITDA and cash flow.