Orbit Garant Drilling Inc. · TSX:OGD
Orbit Garant Drilling — Investor Presentation (March 2026)
24 slides from Orbit Garant Drilling's investor presentation, March 2026
Slide 1: Investor presentation
Investor presentation March 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 • Canadian-based mineral driller focused primarily on gold projects in Canada • Growing presence in Chile (copper) • Combined surface and underground drilling expertise / focus on specialized drilling • Industry leader in technology innovation • Vertically-integrated manufactur
Slide 5: Mineral Drilling Services Focused on Specialized Drilling
Mineral Drilling Services 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 control complexity or technical
Slide 6: Technology Leader
Technology Leader Computerized Monitoring and Control Technology Performance Highlights Additional Benefits • Greater accuracy • Real-time, remote monitoring • Improved productivity (+30%) of drilling progress for customers • Fewer consumables • Ability to view core samples remotely • Rig components
Slide 7: Vertically Integrated Manufacturing Operations
Vertically Integrated Manufacturing Operations • Ability to design and manufacture custom drill rigs and equipment for customers at a competitive cost with faster delivery • In-house drill rig maintenance / modification supports optimum utilization rates and performance • Key to continuous innovatio
Slide 8: Strong Relationships with Leading Mining Companies
Strong Relationships with Leading Mining Companies Core competitive strengths support long-term customer relationships Investor Presentation– March 2026 7
Slide 9: 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 10: 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 11: 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 ($millions) 19.2 Total current liabilities 34.3 32.5 20 17.9 3.00x Long-
Slide 12: Declining Gold Reserves Driving Need for Future Drilling
Declining Gold Reserves Driving Need for Future Drilling Major Gold Producers’ Years of Reserves Remaining, 2010 vs. 2019 2010 years remaining 2019 years remaining The mineable reserves of most senior gold producers have declined sharply, driving the need for significant spending on exploration and
Slide 13: Global Mineral Exploration Spending
Global Mineral Exploration Spending Annual nonferrous exploration budgets, 1997-2025 20,000 • 2025 aggregate global nonferrous Exploration Budget (US$millions) exploration budgets are an estimated US$12.4 billion 15,000 ♦ ~0.6% decline from 2024 levels • Higher budgets for gold, copper and silver of
Slide 14: Improving Mining Financing Environment
Improving Mining Financing Environment Quarterly Financing Activity in Mining Sector, 2022-2025 18 6.00 16 5.00 14 Federal funds target rate (%) Amount raised (US$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 15: Historically High Commodity Prices
Historically High Commodity Prices Gold Price (USD$) (March 6, 2026) Copper Price (USD$) (March 6, 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$5,160) has mor
Slide 16: 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 17: Investment Highlights
Investment Highlights • Industry leader in mineral drilling innovation and specialized drilling (underground & surface), with vertically integrated manufacturing operations • Long-term relationships with leading senior and intermediate mining companies (YTD: 75% of revenue) • Historic recent highs i
Slide 18: Appendix
Appendix FORAGE ORBIT GARANT DRILLING
Slide 19: Capital Market Profile
Capital Market Profile TSX: OGD Recent close (March 5, 2026): $2.20 52-week high / low: $2.48 / $1.04 Market Cap: ~$85 million Shares Outstanding: 37,935,389 Fully Diluted: 40,004,389 Institutional / retail: ~ 40% / 60% (float) Management own approximately 23% of shares outstanding, providing strong
Slide 20: Health & Safety / Environmental Practices / Driller Training
Health & Safety / Environmental Practices / Driller Training • Health & Safety / Environmental Practices align with, or exceed, the strict requirements of senior mining companies • Driller training program based in Val-d’Or, Québec • Ongoing training for: • new technologies, • drilling techniques, •
Slide 21: Board of Directors
Board of Directors • More than 30 years of experience in capital markets, including senior roles in institutional sales André Pagé ¹ ² • Former Managing Director at Desjardins Capital Markets Chair of the Board • Former Managing Director for Institutional Sales at BMO Capital Markets Pierre Alexandr
Slide 22: Senior Management
Senior Management • Joined Orbit Garant in 2010 • Appointed President & CEO in December 2024 Daniel Maheu • Previously served as Orbit Garant’s Chief Financial Officer (2021 – 2024) President & Chief Executive Officer • Held management positions at transport companies from 1998 to 2010, including Co
Slide 23: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures 3 months ended 3 months ended 6 months ended 6 months ended • “EBITDA” and “Adjusted EBITDA”: EBITDA is defined as net earnings (unaudited) December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 (loss) before interest, taxes, depreciatio
Slide 24: Fiscal 2025 Financial Review
Fiscal 2025 Financial Review ($ 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
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