High Arctic Energy Services (HWO) AGM 2026 presentation summary

Business overview and operations

• Provides high-margin rental services under Delta Rental Services, including BOPs, valves, high-pressure pipework, and oilfield equipment.

• Owns two industrial properties, one generating lease income, and holds a 42% equity stake in Team Snubbing.

• Maintains a positive cash position and significant non-capital losses to shelter future earnings.

Strategic direction and objectives

• Focuses on Canadian business activity, leveraging quality people, assets, and systems to grow core operations.

• Pursues organic growth, accretive acquisitions, and opportunistic investments to drive shareholder value.

• Emphasizes safety, quality service, capital stewardship, and cost management.

Recent developments and partnerships

• Acquired Delta Rental Services in December 2023, integrating it with legacy rentals and rebranding as Delta Rental Solutions.

• Holds a dominant market share in Canadian snubbing through Team Snubbing, with international expansion into Alaska and active marketing in MENA.