Slides
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Investor Presentation | WE ARE GEODRILL 1 TSX: GEO OTCQX: GEODF LD Micro Invitational 20th Annual Main Event Oct 19-21, 2026
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Investor Presentation | 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, forward looking information and financial outlook involve numerous assumptions, known 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 as there 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 of the 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 | 3 HARD CORE MINERAL DRILLERS 25+ years of operational excellence Consistent, recurring revenue from top-tier mining clients Strong Profitability Growth bolstered by rig fleet Founder-led drives strong investor alignment
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Investor Presentation | Gold Discoveries Begin with Drill Programs 4 Gold price supports increased drilling activity GOLD $4,200 As of Oct 1, 2026
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Investor Presentation | 100 Rig Count 5 Countries 10 Tier-1 Clients 70% Repeat Revenue <20% Largest Customer Blue-Chip Customer Base Drives Revenue 5 South America Egypt West Africa Ghana Ivory Coast Senegal
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Investor Presentation | The Geodrill Advantage 6 Keep it Turning – Keep it Earning High-Performance Rig Fleet & State-of-the-art Facility Drive Superior Margins • Local workforce • Maintenance network • Parts inventory • Strong Operating history Tier-1 Customers With World Class Projects & Geographic Diversification • Long-term contracts drives recurring revenue • Operate in growth jurisdictions where the opportunity lies
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Investor Presentation | Every Rig Creates Recurring Revenue 7 Growth Formula Rig Additions Each rig addition = ~USD 2.2M annual revenue 38 40 46 58 64 67 68 71 75 86 93 100 - 20 40 60 80 100 120 140 160 180 200 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50 60 70 80 90 100 Higher Utilization Fleet expanded from 37 rigs to 100 rigs = 9% CAGR Revenue Growth Expanded from $38M to $185M = 15% CAGR Revenue Millions USD Rig Count 2022-2025 REV/RIG AV. $150M 2018-2021 REV/RIG AV. $90M 2014-2017 REV/RIG AV. $60M
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Investor Presentation | 5 Year snapshot: Rigs, Revenue, Profit 8 115.2 138.6 130.5 143.1 184.9 29.5 38.3 20.6 31.1 35.2 $14.1 $18.9 $3.8 $9.1 $(1.9) 71 76 79 93 98 0 20 40 60 80 100 120 -5.0 45.0 95.0 145.0 195.0 2021 2022 2023 2024 2025 Revenue (US) EBITDA Earnings Rig Count Millions USD Rig Count What Happened? Rapid fleet expansion New geographic start-ups Then – Oil shock, costs spiked, margins squeezed
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Investor Presentation | Why We Expect Improvement 9 34.1 33.1 48.8 50.4 39.0 46.9 48.4 55.1 8.4 6.2 13.6 12.0 2.4 5.6 7.2 8.8 7.6 6.2 13.6 13.9 4.3 3.4 5.9 7.9 2.6 -0.5 5.6 5.3 -1.5 -11.3 -0.1 -0.2 -15.0 -5.0 5.0 15.0 25.0 35.0 45.0 55.0 65.0 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Revenue (US) Gross Profit EBITDA Net Income Millions USD Pricing power leverage Long-term contract portfolio Strong gold environment Higher utilization drives operating leverage Q2 2026 Record Revenue $55M GP $9M or 16%. QoQ +22% EBITDA $8M or 14%. QoQ +35%
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Investor Presentation | Valuation Gap Despite Record Revenue 10 Geodrill Limited (GEO.TO) 2.6000 -0.0100 (-0.38%) As of Oct 13, 2026 Geographical redeployment after exiting Bukina Faso, Mali Outstanding Debtor provision Oil shock, costs up, margins pressure
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Investor Presentation | 11 Snapshot of Financial Strength Total Assets $184M Total Debt $12M Total Liabilities $66M Total Shareholder Equity $118M NTBV/share $2.48 USD/$3.52 CDN in USD June 30, 2026 Allows GEO to self-fund fleet expansion Working Capital $60M
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Investor Presentation | 12 Why Own Geodrill Strong Financial Fundamentals Commodity Tailwind Long-Term Operational Performance Investing in a well-established, cash-generating business with a strong financial foundation and significant upside potential that trades at discounted multiples Positioned to benefit from the commodity tailwind and investing in a business that is essential to the mining supply chain provides torque to the stock 1 2 3 Expanding market presence, long term contracts and strong gold price supports long term sustainable growth and ability to drive shareholder value 1 2 3
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Investor Presentation | WE ARE GEODRILL TSX: GEO OTCQX: GEODF LD Micro Invitational 20th Annual Main Event Oct 19-21, 2026