Investor Presentaiton
H1 2021 Financial Review
Revenue (millions)
Gross Profit (millions)
EBITDA (millions)
Adjusted Gross Margin¹
G&A expenses (millions)
Net earnings (loss) (millions)
Net earnings (loss) per share
Total metres drilled
FORAGE
ORBIT
Six months ended
December 31, 2020
Six months ended
December 31, 2019
$81.6
$71.7
$14.1
$9.3
$12.8
$6.1
26.3%
17.2%
$6.9
$8.5
$3.8
($1.3)
$0.10
($0.03)
727,676
753,120
GARANT
DRILLING
1) EBITDA is defined as net earnings (loss) before interest, taxes, depreciation and amortization. Adjusted Gross Margin is defined as Gross Profit excluding depreciation expenses. See "Reconciliation of Non-IFRS
measures" in the Appendix of this presentation.
Solid recovery in financial performance during Fiscal 2021 following project shutdowns
due to COVID-19 beginning in March 2020
INVESTOR PRESENTATION - MARCH 2021
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