Investor Presentaiton
Marine Segment Overview
ORION
Orion Marine benefits from high-margin projects with high barriers of entry and consistent
maintenance demand
•
Overview
Services the infrastructure sector to carry out construction,
Maintenance dredging provides a recurring source of
design and specialty services for marine structures
revenue due to natural sedimentation in the nation's
shipping channels and ports
All of Orion's dredges are Jones Act vessels, preventing
foreign competition from dredging in the U.S. market
•
Construction
Services include
construction, restoration,
maintenance & repair of
ports and docks, marine
pipelines, marine
transportation facilities,
bridges and environmental
structures
•
Dredging
Services generally
enhance or preserve the
navigability of waterways
or the protection of
shorelines through the
removal or replenishment
of soil, sand, or rock
Specialty
Services include design,
•
salvage, demolition,
surveying, towing, diving
and underwater
inspection, excavation and
repair
(1) Calculated over most recent 5-year period.
(2) As of December 31, 2022.
Marine Revenue & Adj EBITDA Margin
$369.1
$388.2
($ in millions)
$395.9
$339.2
$263.9
12.3%
10.4%
9.3%
8.1%
5.2%
2019
2020
2021
2022
2023
Marine Revenue
Adj EBITDA Margin
Marine Revenue Backlog
$340.7
$202.6
$376.9
($ in millions)
$216.7
$602.5
2019
2020
2021
2022
2023
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