Slide 1: Annual Shareholders Meeting: Gaining Momentum
Annual Shareholders Meeting Gaining Momentum May 14, 2012 GEO:TSX 1
Slide 2: Forward Looking Statements
Forward Looking Statements ■ This presentation contains “forward-looking information” and “financial outlook” within the meaning of applicable Canadian securities laws and may contain forward looking information attributed to third party industry sources. These statements and information are predict
Slide 3: Drilling is Core to Our Success
Drilling is Core to Our Success Revenue Gross Profit Gross Profit Net Earnings Earnings per US$ millions US$ millions as Percentage US$ millions Share – Basic of Revenue 3
Slide 4: Gaining Momentum
Gaining Momentum 30% Started in 1998 with 1 rig; CAGR 2011 ended with 26 rigs $3.0mm Revenue per rig 3x more than industry average 32% EBITDA margin FY 2011 vs. industry average of 19% 33 Rigs Currently expanding fleet to 40 rigs 921,977m Clients are among biggest names West Africa Average length pr
Slide 5: Mining Opportunity in West Africa
Mining Opportunity in West Africa West Africa hosts some of the largest Total Estimated West African Expenditures $900 remaining undeveloped mineral $800 26% deposits in the world $700 CAGR $600 Millions $500 ■ West Africa accounted for 5.7% of 2011 total $400 worldwide exploration expenditures $300
Slide 6: Platform of Our Success
Platform of Our Success Vertically Integrated Multi-purpose Rigs Skilled Workforce Operations 6
Slide 7: Above Average Profitability
Above Average Profitability LTM Revenue and EBITDA Per Rig, Geodrill versus Peer Group 3,000 $2,831.1 Peer Group Average 2,500 Geodrill 2,000 $000 1,500 $1,163.5 1,000 $927.7 500 $234.8 0 LTM EBITDA Per Rig LTM Revenue Per Rig Source: Cormark Securities, Feb 28th 2012 7
Slide 8: Strong Results and Industry Leading Performance
Strong Results and Industry Leading Performance 8
Slide 9: Quarterly Highlights
Quarterly Highlights Revenue Gross Profit Adjusted US$ millions US$ millions EBITDA Margin(1) 40 37% • Revenue up 74% Y/ Y 35 31% • EBITDA Margin up 34% Y/ Y 30 • Rig Count 28 25 • Secured New Drill Contracts $21.66 • Completed 318, 000 m of 20 Drilling; 69% Increase 15 $12.48 $11.52 10 $8.44 5 Q1-2
Slide 10: Increased Profit Margins
Increased Profit Margins Three months ended March 31, 2012 compared to three months ended December 31, 2011 Q4 2011 Q1 2012 Net Earnings 6% Cost of Sales Cost of Sales 47% 49% Profit Net Income Tax Earnings 20% Expense / 20% Income 21% Selling, General Income Tax Selling, General & Admin Expense/Inc
Slide 11: Rigs At Work
Rigs At Work Number of Rigs in Operation Meters Drilled 30 350,000 317,741 300,000 25 255,185 241,372 236,999 250,000 20 188,421 200,000 15 28 25 26 150,000 21 22 10 100,000 5 50,000 0 0 - Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 11
Slide 12: Strong Balance Sheet
Strong Balance Sheet March 31, 2012 22% Cash $8.2M Inventory Cash $4,591,247 Current Assets 45% 21% $19.4M Prepayments $7.9M $43.3 M 23% Receivables Current Assets $43,262,770 $8.7M Current Liabilities $22,022,967 Motor 6% Vehicles $2.2M Net Working Capital $21,239,803 Plant and 17% Non-Current Asse
Slide 13: Outlook
Outlook ■ Currently 28 rigs commissioned and fully utilized ■ Continued demand for rigs in core market, in prospective neighbouring countries and other minerals ■ Mineral drilling programs remain solid for 2012 supported by large exploration budgets ■ Availability and development of skilled labour r
Slide 14: Comparable Companies
Comparable Companies EBITDA1 EBITDA1 EV/EBITDA Enterprise Number LTM Revenue Company Value (mm) of Rigs Per Rig Current Yr Next Yr Current Yr Next Yr Boart Longyear Limited $1851.8 1158 $1.74 $462.9 $513.2 4.0x 3.6x Energold Drilling Corp. $183.1 234 $0.57 $44.8 $53.1 4.1x 3.5x FORACO International
Slide 15: Expanding Our Footprint
Expanding Our Footprint 1. Re-investment – cash flows reinvested to facilitate growth 2. Organic Growth – aggressive rig fleet growth plan – expand current contracts 3. Expansion opportunities – expand geographically – diversify through other commodities 4. Inorganic Growth – identify acquisition op
Slide 16: Management and Board of Directors
Management and Board of Directors Management Board of Directors Terry Burling John Bingham Chief Operating Officer Non-Exec. Chairman Drilling/Management - 24 years FCIB Stephan Rodrigue David Harper Business Development Manager, B/Faso President – CEO Drilling/Management – 10 years Drilling /Manage
Slide 17: Annual Shareholders Meeting: Gaining Momentum
Annual Shareholders Meeting Gaining Momentum May 14, 2012 GEO:TSX 17