Slides
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Investor Presentation, February 2025| WE ARE GEODRILL 1 TSX: GEO OTCQX: GEODF World Outlook Financial Conference 2025|
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Investor Presentation, February 2025| 2 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 predictions only and represent Geodrill’s expectations as of the date of this presentation and Geodrill does not undertake any obligation to update the forward looking information or financial outlook to reflect new information, subsequent events or otherwise. By their nature,f o r w a r d looking information and financial outlook involve numerous assumptions,k n o w n and unknown risks and uncertainties,both general and specific, that contribute to the possibility that the predictions, forecasts, and projections made will not occur and actual events or results may differ materially from such predictions,forecasts, and projections. Undue reliance should not be placed on such information ast h e r e can be no assurance that the plans, intentions or expectations upon which they are based will occur. Forward-looking information is also based upon the assumption that none oft h e identified risk factors that could cause actual results to differ materially from the forward-looking information will occur. Accordingly, specific reference should be made to the risk factors described in the Annual Financial Statements available on SEDAR.
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Investor Presentation, February 2025| 3 HARD CORE MINERAL DRILLERS Add a KeyStone Top Pick to your Portfolio 25 years of exploration drilling excellence Consistent, recurring revenue from top-tier mining clients High Performance Rig Fleet bolsters profitability with state-of- the-art equipment Innovative & Founder-led drives strong alignment with investors
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Investor Presentation, February 2025| Why GEODRILL is a KeyStone Top Pick 4 Established High-Quality Business: GEODRILL is a well- established, cash-generating business that trades at discounted multiples. This means you are investing in a company with a strong financial foundation and significant upside potential Commodity Tailwind: We are positioned to benefit from the commodity tailwind. Investing in GEODRILL means investing in a business that is essential to the mining supply chain, with ample runway for growth Solid Balance Sheet:supports growth and provides torque for the commodity up-cycle. This financial strength ensures we can capitalize on market opportunities and drive long-term value 1 2 3
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Investor Presentation, February 2025| Keep it Turing Keep it Earning 5 OUR BUSINESS MODEL SETS US APART FROM THE INDUSTRY HIGH PERFORMANCE RIG FLEET & STATE-OF-THE- ART FACILITY • Multi-purpose rig fleet attracts top tier clients • High performance rigs drive operation value and revenue • Network of maintenance support facilities ensure operational efficiency GEOGRAPHIC DIVERSIFICATION & SKILLED TEAM • Our expertise is rooted in drilling excellence • We operate in growth markets where the opportunity lies TIER-1 CUSTOMERS WITH WORLD CLASS PROJECT • Long-term contracts drives revenue visibility and recurring • We operate in growth jurisdictions where the opportunity lies
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Investor Presentation, February 2025| 6 87.4 82.4 115.2 138.6 130.5 109.9 20.0 19.0 29.5 38.4 21.8 25.0 67 68 71 76 80 91 50 55 60 65 70 75 80 85 90 95 100 0 20 40 60 80 100 120 140 160 Revenue EBITDA Rig Count USD Millions WE INVESTED IN THE CYCLE Fundamentals Bolsters Demand The Market Opportunity for Drilling Services is being Driven by: Diminishing Mineral Reserves: • As existing mineral reserves are depleted, mining companies are investing more in exploration to discover new deposits. This drives demand for drilling services High Commodity Prices: • Elevated prices for commodities like gold, copper, and other minerals make exploration more financially attractive, leading to increased drilling activities
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Investor Presentation, February 2025| Snapshot of Financial Strength 7 $30.3 $34.1 $0.6 $7.6 $(3.0) $2.6 $(5.0) $5.0 $15.0 $25.0 $35.0 $45.0 $55.0 Q3 2023 Q3 2024 Millions USD Revenue EBITDA Earnings Actual Q3 REV Up 13% Y/Y EBITDA up 22% EPS up to $0.06 $100.5 $109.9 $155.0 $17.3 $25.0 $32.2 $5.1 $9.6 $11.70 $- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 YTD Q3 2023 YTD Q3 2024 FY25 Consensus Revenue (US) EBITDA Earnings YTD REV Up 10% Y/Y EBITDA Up 23%, +45%Y/Y EPS up to $0.21 **All figures in USD
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Investor Presentation, February 2025| Diamond in the rough 8 2024 2025Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Feb Geodrill Gold $2882/oz $3.12 Secured $100m in contract wins 82 rigs $50m in contract wins in South America 91rigs Growth is Key to Re-rate Potential Strong Confidence in Future Performance Driven by Long-term Contracts and Geographic Diversification Under Valued Potential: Trading at attractive discount to industry peers FY25 consensus of 2.9x EV/EBITDA
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Investor Presentation, February 2025| 9 GROWTH strategically positioned for upcycle LONG-TERM contracts generates recurring revenue and free cash flow UNDER THE RADAR DISCOUNTED VALUATION 9 OTCQX: GEODFTSX: GEO.T Why Own Geodrill?