INVESTOR Relations

Orion Group Holdings (NYSE:ORN), is a leading specialty construction company focused on large, mission-critical infrastructure projects across two operating segments: Marine and Concrete. The Company is positioned to capitalize on the largest market opportunity in its 100-year operating history.

Since new management joined in 2022, Orion has taken strategic actions to improve execution, strengthen margins, professionalize the organization, and build a platform capable of capturing the significant opportunities across mission-critical marine infrastructure, defense, and concrete construction. This strategy has produced revenue growth and margin expansion. Going forward, management is focused on growth by leveraging its specialized marine construction capabilities, pursuing strategic M&A opportunities, expanding into new geographic markets, and integrating its businesses onto a unified platform to drive scale and efficiency.

Major, diverse tailwinds driving Orion’s opportunity; pipeline has grown from $3B to $18B over the past two years:

• U.S. Navy spending billions on the Pacific Deterrence Initiative to protect U.S. interests in the Pacific.
• Trump administration directives and One Big Beautiful Bill are prioritizing restoration of maritime dominance with investment in shipyards, vessel upgrades, drydocks.
• $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), a multi-year catalyst for public sector projects.
• Port waterway and facility expansions: infrastructure upgrades and deeper channels to accommodate larger ships.
• Energy and Petrochem Security--investment in domestic energy, LNG, chemical and petrochemical facilities.
• Gulf coastline restoration: $10 billion expected to be spent in Louisiana alone.
• Data center build outs driven by AI applications; completed or working on 46 separate data center projects.

Competitive advantages with high barriers to entry:

• High-quality work delivered with predictable excellence.
• Strong safety record with a Lost Time Incident Rate (LTIR) of .13, compared to the industry average of 2.3.
• Jones Act prohibits foreign competition from dredging in the US market.
• Specialty equipment, skill sets and certifications are hurdles for new entrants.