Orbit Garant Drilling Inc. · TSX:OGD
Orbit Garant Drilling — Investor Presentation (February 2026)
20 slides from Orbit Garant Drilling's investor presentation, February 2026
Slide 1: Investor presentation
Investor presentation February 2026 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 ~ 1,200 Employees 182 Drill Rigs Underground & Surface Drilling Expertise Diversified Business Mix (Six months ended December 31, 2025) Customers Regions Resource Exposure 8% 25% 28% 29% 75% 71% 64% Juniors Majors & Intermediates International Canada Copper Gold Other Base Metals In
Slide 4: Competitive Strengths
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 Investor Presentation– February 2026 4
Slide 5: Strong Relationships with Leading Mining Companies
Strong Relationships with Leading Mining Companies Core competitive strengths support long-term customer relationships Investor Presentation– February 2026 5
Slide 6: Full Service Offering / Expertise in Specialized Drilling
Full Service Offering / 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 grade
Slide 7: Q2 2026 Financial Review
Q2 2026 Financial Review Revenue Adjusted EBITDA 1 Adjusted Gross Net Earnings ($ millions) ($ millions) Margin 1 ($ millions) 50.0 47.9 21.5% 2.2 47.2 46.7 20.2% 43.5 5.5 5.5 18.5% 1.9 5.1 16.5% 17.0% 4.5 3.7 1.3 0.5 0.3 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q2 25 Q3 25 Q4 25
Slide 8: First Half Fiscal 2026 Financial Review
First Half Fiscal 2026 Financial Review ($ millions, except margin % and per Six months ended Six months ended share amounts) December 31, 2025 December 31, 2024 Revenue 94.6 91.9 Gross profit 12.1 14.8 Adjusted EBITDA1 8.7 10.7 Adjusted Gross Margin1 17.8% 20.8% G&A expenses 8.9 8.2 Net earnings 1.
Slide 9: Solid Balance Sheet
Solid Balance Sheet As at Dec. As at June Improving Debt to Adjusted EBITDA Ratio ($ millions) 31, 2025 30, 2025 25 4.00x 22.9 Total assets 136.4 130.6 21.3 21.7 3.50x Total Debt / Adjusted EBITDA Ratio 19.8 Adjusted EBITDA LTM ($millions) 19.2 Total current liabilities 34.3 32.5 20 17.9 3.00x Long-
Slide 10: Declining Gold Reserves Driving Need for Future Drilling
Declining Gold Reserves Driving Need for Future Drilling Major Gold Producers’ Years of Reserves Remaining, 2010 vs. 2019 2010 years remaining 2019 years remaining The mineable reserves of most senior gold producers have declined sharply, driving the need for significant spending on exploration and
Slide 11: Solid Global Exploration Budgets
Solid Global Exploration Budgets Annual nonferrous exploration budgets, 1997-2025 20,000 • 2025 aggregate global nonferrous Exploration Budget (US$millions) exploration budgets are an estimated US$12.4 billion 15,000 ♦ ~0.6% decline from 2024 levels • Higher budgets for gold, copper and silver offse
Slide 12: Improving Mining Financing Environment
Improving Mining Financing Environment Quarterly Financing Activity in Mining Sector, 2022-2025 18 6.00 16 5.00 14 Federal funds target rate (%) Amount raised (US$billions) Majors 12 4.00 Juniors 10 Others 3.00 Intermediates 8 Federal Funds Target Rate 6 2.00 4 1.00 2 0 0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 13: Historically High Commodity Prices
Historically High Commodity Prices Gold Price (USD$) (February 17, 2026) Copper Price (USD$) (February 17, 2026) • Spot gold price reached record highs above US$5,000 per • Copper traded at record highs above US$6.00 per pound in ounce in January 2026 January 2026 • Current price of gold (~US$4,875)
Slide 14: Available Capacity to Deploy Drilling Equipment
Available Capacity 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% 59% ~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 15: 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 16: Appendix
Appendix FORAGE ORBIT GARANT DRILLING
Slide 17: Capital Market Profile
Capital Market Profile TSX: OGD Recent close (February 25, 2026): $2.34 52-week high / low: $2.41 / $0.99 Market Cap: ~$90 million Shares Outstanding: 37,935,389 Fully Diluted: 40,004,389 Institutional / retail: ~ 40% / 60% (float) Management own approximately 23% of shares outstanding, providing st
Slide 18: 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 19: 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 20: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures 3 months ended 3 months ended 6 months ended 6 months ended • “EBITDA” and “Adjusted EBITDA”: EBITDA is defined as net earnings (unaudited) December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 (loss) before interest, taxes, depreciatio
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