Akita Drilling Ltd. Class A · TSX:AKT

Akita Drilling Ltd. Class A — Investor Presentation (September 2026)

13 slides from Akita Drilling Ltd. Class A's investor presentation, September 2026

  1. Slide 1: September 2026 Corporate Presentation

    SEPTEMBER 2026 CORPORATE PRESENTATION

  2. Slide 2: Forward Looking Statements & Disclaimer

    Forward Looking Statements & Disclaimer From time-to-time AKITA makes forward-looking statements. These statements include but are not limited to comments with respect to AKITA’s objectives and strategies, financial condition, results of operations, the outlook for industry and risk management discu

  3. Slide 3: Overview of AKITA

    Overview of AKITA Summary Capitalization | June 30, 2026  Premier oil and gas drilling contractor with operations throughout North America Share Price (AKT-TSX) $/share $3.47  Fleet of 38 drilling rigs operating in the most active basins across Canada and the U.S. Shares Outstanding MM 57.5  Cana

  4. Slide 4: Acquisition of Fox Drilling Limited Partnership | June 2026

    Acquisition of Fox Drilling Limited Partnership | June 2026 Acquisition of Fox Drilling From Paramount Collapse of Dual Class Share Structure  Enhances AKITA’s size and scale as a top-tier, specialized drilling company Class A Non-Voting Shares 36.7MM  Adds six triple drilling rigs, including five

  5. Slide 5: AKITA Operating Areas

    AKITA Operating Areas The Right Equipment In the Right Locations North American Industry Rig Count By Play Montney Duvernay Duvernay LNG off-take will continue to drive robust High growth play underpinned by high drilling activity in the Montney netbacks and long resource life Rig Count Rig Count Hi

  6. Slide 6: AKITA Rig Fleet Overview

    AKITA Rig Fleet Overview AKITA Fleet Fleet Description # of Rigs 30 Triples  Highly specialized fleet catered towards deep multi-lateral, Fox Acquisition adds 5 5 technically demanding operations 20 Marketed Walking AC Triple Rigs Doubles  Fit-for-purpose designed specifically for steady demand 10

  7. Slide 7: Overview of Canadian Operations

    Overview of Canadian Operations Canadian Market Operating Margin and Operating Days  High-spec capacity is structurally advantaged in complex deep horizontal wells Why Canada Improving operating margins and utilization in the Canadian market Matters to  Longstanding relationships with blue-chip cu

  8. Slide 8: Overview of U.S. Operations

    Overview of U.S. Operations U.S. Market Operating Margin and Operating Days Focused Operating margins have increased; operating days are poised for Operating  15 rigs primarily concentrated in the Permian Basin which improvement as activity levels increase supports 45% of U.S. industry rig activity

  9. Slide 9: Financial Highlights

    Financial Highlights Stable revenue and EBITDA generation; historical capex program positions AKITA well for future growth Revenue ($MM) EBITDA ($MM) $225 $54 $201 $201 $49 $50 $193 $41 $110 $11 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 EBITDA Margin (%) EBITDA Less Net Capital Expenditures

  10. Slide 10: Capital Allocation | From Debt Reduction to Balanced Returns

    Capital Allocation | From Debt Reduction to Balanced Returns 1 Protect the Balance Sheet Material Debt Repayment Since 2022  $59MM of debt repaid over the past three years C$MM $100  $35MM of debt at 1H 2026  Prioritize a clean balance sheet to increase financial resiliency 2 Fund High-Return Fle

  11. Slide 11: The Next Twelve Months

    The Next Twelve Months 1 Successfully Integrate Fox  Fully integrate Fox Drilling into AKITA’s operations  Implement targeted efficiencies on the Fox rigs leveraging AKITA’s technical experience  Look to contract idle Fox rigs with AKITA’s customer base. 2 Reactivate Rigs in Canada  Increasing A

  12. Slide 12: Why Invest in AKITA?

    Why Invest in AKITA? Larger, More Relevant, Investable Platform  Fox acquisition expands AKITA’s Canadian scale and improves its visibility as a specialized North American driller Simplified Ownership Structure  Eliminating the dual-class share should broaden the potential investor audience and im

  13. Slide 13: JULY 2026 CORPORATE PRESENTATION

    JULY 2026 CORPORATE PRESENTATION

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