High Arctic Energy Services (HWO) Investor presentation summary

Business overview and operations

• Provides high-margin rental services under Delta Rental Services, including BOPs, valves, 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 business.

• Pursues selective investments, accretive acquisitions, and capital stewardship to preserve balance sheet strength.

• Emphasizes safety excellence, cost management, and financial flexibility.

Rental and snubbing services

• Delta Rental Services, acquired in December 2023, is integrated and rebranded for Canadian growth.

• Team Snubbing holds the largest fleet in Canada, with international expansion in Alaska and active marketing in MENA.

• Team Snubbing's results are not consolidated into financials.