INVESTOR Relations

Orion Group Holdings (NYSE:ORN), a vital provider of services to the marine, industrial and infrastructure concrete sectors, is positioned to capitalize on the largest market opportunity in its 100-year operating history.

Major tailwinds driving Orion’s opportunity:

• $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), a multi-year catalyst for public sector projects
• U.S. Navy spending billions on the Pacific Deterrence Initiative to protect U.S. interests in the Pacific
• Port waterway and facility expansions: infrastructure upgrades and deeper channels to accommodate larger ships
• Gulf coastline restoration: $10 billion expected to be spent in Louisiana alone
• Data center build outs driven by AI applications

Key wins expand backlog; pipeline grows from $3B to $16B over the past two years:

• $435 million US Navy contract to build Pearl Harbor dry dock at Pearl Harbor. Multi-year project can lead to follow-on work in the Pacific. Read more here.
• $120 million design-build contract for Grand Bahama Shipyard Dry Dock. Upon completion, the largest floating dry dock in the Western hemisphere capable of lifting the largest cruise ships in the world. Read more here.
• Completed or working on 35 separate data center projects, installed over 300,000 cubic yards of concrete for major hyperscalers.
• $28 million concrete award with Costco Wholesale to construct the Port Saint Lucie Costco Depot Phase 1 in southeast Florida—one of Costco’s largest distribution centers to date and Orion’s 16th project with Costco. Read more here.

Competitive advantages with high barriers to entry:

• High-quality work delivered with predictable excellence.
• Strong safety record with zero lost time incidents for two consecutive years.
• Jones Act prohibits foreign competition from dredging in the US market.
• Specialty equipment, skill sets and certifications are hurdles for new entrants.