Investor Presentaiton
Cautionary Statements
FORAGE
ORBIT GARANT
DRILLING
Forward-Looking Information
Certain statements contained herein constitute "forward-looking statements" which reflect the current expectations of management regarding the Company's
future growth, results of operations, performance, business prospects and opportunities based on information currently available to it. Wherever possible, words
such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavor" and similar expressions have been used
to identify these forward-looking statements. These statements reflect management's current beliefs with respect to future events and are based on information
currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors
could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed
or implied by such forward-looking statements, including, without limitation, those listed in the "Risk Factors" section of the company's public filings. Should one
or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results,
performance or achievements could vary materially from those expressed or implied by the forward-looking statements. These factors should be considered
carefully and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained
herein are based upon what management currently believes to be reasonable assumptions, there can be no assurance that actual results, performance or
achievements will be consistent with the forward-looking statements. Forward-looking statements are made as of the date hereof and Orbit Garant may not,
and does not assume any obligation to, update or revise these forward-looking statements other than as specifically required by applicable law. For more
information concerning the Company's risks and uncertainties, please refer to the Company's most recent MD&A and Annual Information Form which are
available on www.sedar.com.
Non-IFRS Measures
This presentation makes reference to certain non-IFRS measures, including EBITDA and Adjusted Gross Margin, that do not have standardized meanings
prescribed by IFRS and could be calculated differently by other companies. The Company believes that these measures, when presented in conjunction with
comparable IFRS financial measures, are useful to investors and other readers because the information is an appropriate measure to evaluate the Company's
operating performance. Internally, the Company uses this non-IFRS financial information as an indicator of business performance. These measures are provided
for information purposes, in addition to, and not as a substitute for, measures of financial performance prepared in accordance with IFRS. EBITDA is defined as
net earnings (loss) before interest, taxes, depreciation and amortization. Adjusted gross margin is defined as contract revenue less operating costs. Operating
expenses comprise material and service expenses, personnel expenses, other operating expenses, excluding depreciation. Please refer to reconciliation in
Appendix.
INVESTOR PRESENTATION - MARCH 2021
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