Orbit Garant Drilling Inc. · TSX:OGD
Orbit Garant Drilling — Investor Presentation (November 2025)
20 slides from Orbit Garant Drilling's investor presentation, November 2025
Slide 1: Investor Presentation
November 2025 INVESTOR PRESENTATION TSX: OGD
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Information Certain statements contained herein constitute “forward-looking statements” which reflect the current expectations of management regarding the Company’s future growth, results of operations, performance, business prospects and opportunities based on
Slide 3: Company Overview
Company Overview ~ 1,100 Employees 186 Drill Rigs Underground & Surface Drilling Expertise Diversified Business Mix (Three months ended September 30, 2025) Customers Regions Resource Exposure 8% 22% 28% 28% 78% 72% 64% Juniors Majors & Intermediates International Canada Copper Gold Other Base Metals
Slide 4: Our Competitive Strengths
Our Competitive Strengths Long-standing customer relationships with leading global mining companies Innovator in technology deployment and specialized drilling (surface and underground) Solid balance sheet provides financial flexibility Strong market opportunities 4
Slide 5: Strong Customer Relationships with Global Mining Companies
Strong Customer Relationships with Global Mining Companies Core competitive strengths support long-term customer relationships 5
Slide 6: Full Service Offering with Expertise in Specialized Drilling
Full Service Offering with Expertise in Specialized Drilling Surface Underground Specialized Drilling • Standard diamond coring / core rod • Standard rod / core rod • Drilling projects that are in remote • Standard / reverse circulation and locations or, because of the scope, • AWL - HWL calibre gra
Slide 7: Fiscal 2025 Financial Review
Fiscal 2025 Financial Review ($ millions, except margin % and per Year ended Year ended share amounts) June 30, 2025 June 30, 2024 Revenue 189.1 181.2 Gross profit 28.3 21.2 Adjusted EBITDA1 21.7 14.7 Adjusted Gross Margin1 19.5% 15.9% G&A expenses 16.7 16.4 Net earnings (loss) 7.5 (2.4) Net earning
Slide 8: Q1 2026 Financial Review
Q1 2026 Financial Review Revenue Adjusted EBITDA 1 Adjusted Gross Net Earnings ($ millions) ($ millions) ($ millions) Margin 1 48.4 50.0 6.2 21.5% 47.2 46.7 20.2% 20.2% 2.9 43.5 5.5 5.5 16.5% 17.0% 4.5 2.2 3.7 1.9 0.5 0.3 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 25 Q2 25 Q3 25
Slide 9: Solid Balance Sheet
Solid Balance Sheet As at Sept. As at June ($ millions) Debt to Adjusted EBITDA 30, 2025 30, 2025 25 4.00x 22.9 Total assets 138.6 130.6 21.3 21.7 3.50x Total Debt / Adjusted EBITDA Ratio Adjusted EBITDA LTM ($millions) 19.2 Total current liabilities 34.9 32.5 20 17.9 3.00x Long-term debt and 34.7 2
Slide 10: Declining Gold Reserves Driving Need for Future Drilling
Declining Gold Reserves Driving Need for Future Drilling Major Gold Producers’ Years of Reserves Remaining, 2010 vs. 2019 2010 years remaining 2019 years remaining The mineable reserves of most senior gold producers have dropped sharply, driving the need for significant spending on exploration and m
Slide 11: Solid Global Exploration Budgets
Solid Global Exploration Budgets Annual nonferrous exploration budgets, 1997-2025 20,000 • 2025 aggregate global nonferrous Exploration Budget (US$millions) exploration budgets are an estimated US$12.4 billion 15,000 ♦ ~1% decline from 2024 levels • Higher budgets for gold, copper and silver offset
Slide 12: Supportive Commodity Prices
Supportive Commodity Prices Gold Price (USD$) (November 24, 2025) Copper Price (USD$) (November 24, 2025) • Spot gold price reached record highs above US$4,300 per • Copper traded at record highs near US$5.90 per pound in ounce in October 2025 July 2025 • Current price of gold (~US$4,100) has more t
Slide 13: Capacity Available to Deploy Drilling Equipment
Capacity Available to Deploy Drilling Equipment (Average Annual Utilization Rate %) 90% 80% Optimal utilization rate of 69% 70% 60% 58% 62% 56% 54% 58% 63% 59% 55% 57% 56% ~80% 50% 45% 43% 40% 40% 35% Targeting near-term 30% utilization rate of 20% 10% 386* ~70% 0% 2012 2013 2014 2015 2016 2017 2018
Slide 14: Investment Highlights
Investment Highlights • Industry leader in mineral drilling innovation and specialized drilling (underground & surface) • Comprehensive infrastructure with turn-key customer solutions and vertically-integrated manufacturing operations • Long-term relationships with leading senior and intermediate mi
Slide 15: Appendix
APPENDIX ORBIT /|()GARANT DRILLING
Slide 16: Capital Market Profile
Capital Market Profile TSX: OGD Recent close (November 24, 2025): $1.32 52-week high / low: $1.91 / $0.75 Market Cap: ~$50 million Shares Outstanding: 37,899,840 Fully Diluted: 39,732,840 Institutional / retail: ~ 40% / 60% (float) Management own approximately 23% of shares outstanding, providing st
Slide 17: Board of Directors
Board of Directors • More than 30 years of experience in capital markets, including senior roles in institutional sales André Pagé ¹ ² • Former Managing Director at Desjardins Capital Markets Chair of the Board • Former Managing Director for Institutional Sales at BMO Capital Markets Pierre Alexandr
Slide 18: Senior Management
Senior Management • Joined Orbit Garant in 2010 • Appointed President & CEO in December 2024 Daniel Maheu • Previously served as Orbit Garant’s Chief Financial Officer (2021 – 2024) President & Chief Executive Officer • Held management positions at transport companies from 1998 to 2010, including Co
Slide 19: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures • “EBITDA” and “Adjusted EBITDA”: EBITDA is defined as net earnings (unaudited) 3 months ended 3 months ended (loss) before interest, taxes, depreciation and amortization. Adjusted (in millions of dollars) September 30, 2025 September 30, 2024 EBITDA is
Slide 20: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures (unaudited) Q4 2025 Q4 2024 Fiscal 2025 Fiscal 2024 (in millions of dollars) • “EBITDA” and “Adjusted EBITDA”: EBITDA is defined as net earnings Net earnings (loss) for the period 2.2 (2.3)(2) 7.5 (2.4)(2) (loss) before interest, taxes, depreciation and
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