Geodrill (GEO) Conference presentation summary

Operational excellence and business model

• Over 25 years of mineral exploration drilling experience with a focus on operational excellence and recurring revenue from top-tier mining clients.

• Business model leverages long-term contracts, geographic diversification, and a high-performance rig fleet to drive returns and revenue visibility.

• Founder-led approach fosters strong investor alignment and innovation.

Customer base and geographic reach

• Operates across two continents and six countries, serving a blue-chip client base including Newmont, Kinross, Barrick, Endeavour Mining, and others.

• Majority of revenue is derived from long-term contracts with established senior mining clients.

Financial performance and growth

• Demonstrated multi-cycle growth, scaling revenues through $50M, $80M, and $130M phases over 12 years, with each incremental rig generating ~$2.2M in annual revenue and ~15% ROCE.

• Trailing twelve-month revenue reached $184.6M as of March 31, 2026, with analyst consensus projecting further growth and margin expansion as utilization normalizes.

• Strong balance sheet with $177.6M in assets, $10.4M in debt, $117.9M in shareholder equity, and $48.6M in working capital as of March 31, 2026.