Investor Presentaiton
Balance Sheet
FORAGE
ORBIT
GARANT
DRILLING
($ millions)
Cash
Total current assets
Total assets
Total current liabilities
As at December 31, 2020
As at June 30, 2020
2.2
5.0
79.3
77.5
126.4
129.8
47.9
25.4
Long-term debt and lease liabilities
6.3
36.4
Total shareholder equity
72.3
Working capital
31.4
68.0
52.1
The reduction in working capital as at December 31, 2020 compared to June 30, 2020 resulted from the reclassification of the amount
outstanding under the Credit Facility from non-current to current liabilities due to the fact that the maturity date of the Credit Facility is
currently November 2, 2021. Orbit Garant's working capital requirements are primarily related to the funding of inventory and the financing of
accounts receivable. Orbit Garant is currently in discussions with its senior lender to renew its Credit Facility.
INVESTOR PRESENTATION - MARCH 2021
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