Orion Group Holdings, Inc. · NYSE:ORN
Orion — Investor Presentation (July 2026)
28 slides from Orion's investor presentation, July 2026
Slide 1: Investor Presentation July 2026
MARINE | CONCRETE | ENGINEERING & CONSULTING Investor Presentation July 2026
Slide 2: Disclaimer
DISCLAIMER This presentation contains, and the officers and directors of the Company may from time to time make, statements that are considered forward looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are su
Slide 3: At a Glance
Orion is a leading specialty construction company focused AT A GLANCE on mission-critical projects on, over, and under the water SERVICES KEY STATISTICS Marine Concrete Comprehensive engineering, Construction services for construction, jetty & commercial, structural, high- $900M - $950M $50M - $54M
Slide 4: Orion Investment Appeals
ORION INVESTMENT APPEALS Mission critical specialty construction provider with 1 sustainable competitive advantages Poised to benefit from multiple powerful demand 2 drivers and a robust, growing $27B pipeline Clear, disciplined strategy built on strengthened 3 foundation to drive increased value cr
Slide 5: Mission-Critical Specialty Construction Provider with Competitive Advantages
MISSION-CRITICAL SPECIALTY CONSTRUCTION PROVIDER WITH COMPETITIVE ADVANTAGES High Barriers to Entry Why We Win • Jones Act prohibits foreign competition in the U.S. • Over 100 years of marine and civil engineering experience marine market • Over 40 years of concrete construction expertise for a • Ma
Slide 6: Positioned to Benefit from Durable, Long-Term Infrastructure Investment Trends
POSITIONED TO BENEFIT FROM DURABLE, LONG-TERM INFRASTRUCTURE INVESTMENT TRENDS Long-term demand. Proven capabilities. Sustainable growth. Industry Demand Opportunity Expansion Investor Value • Port and transportation • Ability to pursue larger, more • Access to larger, more infrastructure modernizat
Slide 7: Massive U.S. Navy Opportunity in the Pacific
MASSIVE U.S. NAVY OPPORTUNITY IN THE PACIFIC • U.S. Navy is procuring Multiple Award Construction Contracts for many billions in infrastructure projects throughout the Pacific • Scope includes new facilities, repair/renovation and upgrades to existing facilities, including wharves/piers, dredging, a
Slide 8: Clear, Disciplined Strategy Built on a Strengthened Foundation to Drive Growth
CLEAR, DISCIPLINED STRATEGY BUILT ON A STRENGTHENED FOUNDATION TO DRIVE GROWTH Disciplined Organic Growth Geographic Strategic Operational Expansion Expansion Acquisitions Foundation • Capitalize on long-term demand • Expand geographically and into • Prioritize high-quality • Strategic, accretive M&
Slide 9: Optimizing Capital Deployment for Future Growth and Shareholder Value
OPTIMIZING CAPITAL DEPLOYMENT FOR FUTURE GROWTH AND SHAREHOLDER VALUE 1 Deploy capital to drive profitable organic growth 2.3x Dec 2030 Capital Deployment Priorities Net Leverage as of Senior Credit Facility June 30, 2026(a) Maturity 2 Maintain leverage ratio <2.5x 3 Capitalize on strategic opportun
Slide 10: Acquisition of J.E. McAmis, Strengthening Marine Capabilities
Acquisition of J.E. MCAMIS, Strengthening Marine Capabilities Heavy Civil | Jetty & Breakwater | Marine | Environmental • 50 years of experience delivering Federal heavy civil construction-- recognized as jetty construction experts and “go-to” provider in harsh environments • Extends and strengthens
Slide 11: Experienced Management Team Focused on Growth and Financial Performance
EXPERIENCED MANAGEMENT TEAM FOCUSED ON GROWTH AND FINANCIAL PERFORMANCE Travis Travis Boone, Boone, PE PE 30 Alison Vasquez 25 Chip Earle 25 Chief Executive Officer Years of Experience Chief Financial Officer Years of Experience General Counsel Years of Experience Chief Executive Officer • Transform
Slide 12: Mission-Critical Marine Infrastructure Platform
MISSION-CRITICAL MARINE INFRASTRUCTURE PLATFORM ALIGNED WITH LONG-TERM DEFENSE AND PORT INVESTMENT Construction solutions spanning port expansion & maintenance, jetty & breakwater, bridge, causeway and marine infrastructure construction services to customers across diversified end markets in the U.S
Slide 13: Diversified Concrete Capabilities Aligned with Data Center, Industrial and Commercial Growth
DIVERSIFIED CONCRETE CAPABILITIES ALIGNED WITH DATA CENTER, INDUSTRIAL AND COMMERCIAL GROWTH Turnkey concrete construction services including place and finish, site work, layout, forming and rebar for clients across manufacturing, data center, institutional, industrial, commercial construction, and
Slide 14: Financial Performance
FINANCIAL PERFORMANCE 14
Slide 15: Historical Annual Financial Summary
HISTORICAL ANNUAL FINANCIAL SUMMARY ($ in millions) Revenue Adjusted EBITDA $925 $852 $796 $748 $712 $52 $601 $45 $42 $23 $24 $17 2021 2022 2023 2024 2025 2026E 2021 2022 2023 2024 2025 2026E 2021 Guidance Guidance Midpoint Midpoint • 2026 Revenue guidance midpoint signals expected growth • 2026 Adj
Slide 16: Second Quarter 2026 Results
SECOND QUARTER 2026 RESULTS Q2 2026 Q2 2025 Revenue $222M $205M GAAP Net (Loss) Income ($0.10) $0.02 per share Adjusted EBITDA $8M $11M Adjusted EPS $0.02 $0.07 Adjusted EBITDA Margin 3.5% 5.3% 16
Slide 17: Record $27B Opportunity Pipeline to Support Future Growth
RECORD $27B OPPORTUNITY PIPELINE TO SUPPORT FUTURE GROWTH Total Pipeline by Anticipated Date Total Pipeline by Segment $11B $11B Concrete 12% $5B 88% Marine 2H2026 FY2027 Beyond Total Pipeline by Anticipated Opportunity Size Total Pipeline by Sector $13B $8B Private 30% $6B 70% Public $0-$50M $50M-$
Slide 18: Fiscal Year 2026 Guidance (as of July 28, 2026)
FISCAL YEAR 2026 GUIDANCE (AS OF JULY 28, 2026) FY2026 Annual Growth at Guidance Midpoint Revenue $900 to $950 9% Adjusted EBITDA $50 to $54 15% Adjusted EPS $0.23 to $0.30 6% __ Capex $25 to $35 Table in millions, except EPS and percentage changes 18
Slide 19: Recent Evolution of Backlog
RECENT EVOLUTION OF BACKLOG ($ in millions) BACKLOG RECENT WINS 1000 900 New 800 management joined Orion 700 600 Bridge Replacement Terminal Wharf Expansion Contract in Texas 500 400 300 200 100 0 USVI Dredging Project USACE Sargent Beach Jetty and Beach Renourishment Project 19
Slide 20: Appendix
APPENDIX 20
Slide 21: Valued Partner to Highly Diversified Customer Base
VALUED PARTNER TO HIGHLY DIVERSIFIED CUSTOMER BASE ENERGY DATA CENTERS GOVERNMENT OTHER Long-tenured relationships with customers across federal, state & local government and private enterprise 21
Slide 22: Non-GAAP Supplemental Information
NON-GAAP SUPPLEMENTAL INFORMATION Orion Group Holdings, Inc. and Subsidiaries Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations (In Thousands, Except Margin Data) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net (loss) income $ (4,145) $ 841 $ 542 $
Slide 23: Non-GAAP Supplemental Information
NON-GAAP SUPPLEMENTAL INFORMATION Orion Group Holdings, Inc. and Subsidiaries Reconciliation of Adjusted Net (Loss) Income (In Thousands Except Per Share Information) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net (loss) income $ (4,145) $ 841 $ 542 $ (573)
Slide 24: Non-GAAP Supplemental Information
NON-GAAP SUPPLEMENTAL INFORMATION Orion Group Holdings, Inc. and Subsidiaries Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations (In Thousands, Except Margin Data) (Unaudited) (1) EBITDA is a non-GAAP measure that represents earnings before interest, taxes, depreciation and amortization. (2)
Slide 25: Non-GAAP Supplemental Information
NON-GAAP SUPPLEMENTAL INFORMATION Orion Group Holdings, Inc. and Subsidiaries Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations (In Thousands, Except Margin Data) (Unaudited) (1) EBITDA is a non-GAAP measure that represents earnings before interest, taxes, depreciation and amortization. (2)
Slide 26: Non-GAAP Supplemental Information
NON-GAAP SUPPLEMENTAL INFORMATION Orion Group Holdings, Inc. and Subsidiaries Adjusted EBITDA and Adjusted EBITDA Margin Reconciliations (In Thousands, Except Margin Data) (Unaudited) Year Ending December 31, 2021 2022 2023 2024 2025 Net (loss) income $ (14,560) $ (12,612) $ (17,875) $ (1,644) $ 2,4
Slide 27: Non-GAAP Supplemental Information
NON-GAAP SUPPLEMENTAL INFORMATION 27
Slide 28: Non-GAAP Supplemental Information
NON-GAAP SUPPLEMENTAL INFORMATION Orion Group Holdings, Inc. and Subsidiaries Guidance – Adjusted EPS Reconciliation (In Thousands except per share information) (Unaudited) Year Ending December 31, 2026 Low Estimate High Estimate Net income $ 6,600 $ 10,600 Adjusting items and the tax effects: Non-c
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