2019

A LEADING PROVIDER OF WATER RESOURCE CONSTRUCTION,

MANAGEMENT, DRILLING, AND UTILITIES SOLUTIONS

FLDrilling.com

A Growing Company

www.fldrilling.com

Introduction to Management Company History Rig Overview

Company Overview

CONTENTS

Company Highlights

Services Industry Trends

Operations

Health, Safety & Environmental Policy Employees Contact Information

Appendices

Company Highlights

www.FLDrilling.com

Known and Trusted Contractor in

Florida

REPUTABLE Preeminent Senior

Leadership and Crew

EXPERIENCED

A LEADING PROVIDER OF WATER RESOURCE CONSTRUCTION,

MANAGEMENT, DRILLING AND UTILITIES SOLUTIONS

Impeccable Track Record

ESTABLISHED

Company Highlights

www.FLDrilling.com

Preeminent Senior Leadership and Crew

CEO, Dan Ringdahl, has 30 years of well-drilling experience in Florida and 43 years of experience overall. Dan has drilled more than 1,000 water wells in his career and is a third generation well-driller

Respected by the industry as having some of the best crews in the business, consistently minimizing downtime, and ongoing improvement in operating performance

Management has consistently exceeded client expectations for project execution

100% on-time and on-budget track record in its 13-year history Trusted reputation and brand have led to preferred contractor

status in Florida Proven capability and operating expertise provide a significant

advantage over competition

Impeccable Track Record

Company Highlights

www.FLDrilling.com

Key clients include: Seacoast Utility Authority, Broward County, City of Coral Springs, City of

Lake Worth, City of Port St. Lucie, City of St. Petersburg, City of Sunrise, City of St. Cloud, City of West Palm Beach, Florida Keys Aqueduct Authority (FKAA), North Springs Improvement District, Ocean Reef Club, Orlando Utility Commission, Palm Beach County, Polk Regional Water Cooperative, Seminole Tribe of Florida, Tampa Bay Water, Town of Davie

Key consultant relationships include: AECOM, Arcadis, ASRus, CDM, CH2MHill, McNabb Hydrogeologic Inc.,

Tetra Tech and Wharton-Smith

Known and Trusted Contractor in Florida

Company Highlights

www.FLDrilling.com

Chart2

Growth in Number of Employees

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Sheet1

20117

20128

201314

201422

201531

201637

201752

201871

Growth in Number of Employees

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Company Overview

www.FLDrilling.com

Proven Track Record

Mike Black VP Well Drilling

20 yrs industry experience

Dan RingdahlCEO, Co-Owner

43 yrs industry experience

Noah Ringdahl President, Co-Owner

16 yrs industry experience

Bruce Balmer VP Drilling Operations

30 yrs industry experience

Jeffrey HolstVP General Construction14 yrs industry experience

www.FLDrilling.com

For over 100 years the Ringdahl family of Florida Drilling has been trusted with some of the

most challenging municipal, industrial, irrigation, and commercial water drilling projects. As

fourth generation inheritors of this legacy, Florida Drilling has embedded the values of hard

work, excellence, and honesty into our culture to uphold the water drilling heritage of our

family.

Leadership

www.FLDrilling.com

Dan RingdahlCEO

Mike BlackVP Well Drilling

Bruce BalmerVP Drilling Operations

Lou GoldbergGeneral

Superintendent Well Operations

Estevan MarianiDirector Facilities &

Fleet

Jeff HolstVP General

Construction

Miguel LequericaProject Manager

Jay BrightGeneral

Superintendent

Nick MartinVice President

Paula WilliamsController

Noah RingdahlPresident

Company History

www.FLDrilling.com

FDD incorporated in

Florida

April 2005Noah Ringdahl joins as Project Engineer

May 2008Dan Ringdahl buys out partner to become 90%

owner

January 2010Noah becomes 10%

owner in buyout

January 2010Noah increases

ownership to 25%

January 2011

Construction complete on class leading, custom 225,000#

class rig, all electric design

November 2012Jeffrey Holst joins as Project

Engineer and General Contractor

November 2013Dan and Noah purchase new

location for FDD at 7733 Hooper Road - a 10,000 SF Building on 3.5

acres

January 2014FDD relocates to

Hooper Road location - logistics greatly enhanced

February 2014

Noah increases ownership to 50%

January 2015Jeffrey Holst promoted

to VP

July 2015Mike Black joins as

Drilling Project Manager

September 2016

Corporate Milestones

September 2018Dan becomes CEO and Noah

promoted to President

September 2017Mike Black

promoted to VP

March 2018Bruce Balmer

promoted to VP

Rig Overview

www.FLDrilling.com

E1225,000# Mast68’ Super Single ConfigurationCapabilities include: DIW All Electric Operation Portable for Urban and Quiet Sites Movable Without Special Permits;

All Loads are Legal Weight and Size Full Reverse Air / Mud Capable 3,000’+ Capacity

E2500,000# Mast102’ Top Drive Doubles ConfigurationCapabilities include: DIW All Electric Operation Portable for Urban and Quiet Sites

Movable Without Special Permits; All Loads are Legal Weight and Size

Full Reverse Air / Mud Capable 5,000’+ Capacity

E3 All Electric Operation Portable with Small Footprint Configurable to Accommodate

Compact Sites Specialty Unit - Replacement of

Existing Wells in Place via Over-Drill Method

Rig Overview

www.FLDrilling.com

DR3175,000# Mast68’ Super Single ConfigurationCapabilities include: Floridian Well Construction Deep Monitor Well Construction Mud and Reverse Air Setup Electric Table Drive for Quiet

Operations

DR7 Versa-Drill

See Notes40,000# MastCapabilities include: Shallow Well Construction Floridan Well Construction Mud and Reverse Air Setup

DR8 Versa-Drill70,000# MastCapabilities include: Shallow Well Construction Floridan Well Construction Deep Monitor Well Construction Mud and Reverse Air Setup

Operations

www.FLDrilling.com

Services

www.FLDrilling.com

Public Water Supply Wells Screen & Gravel Pack Completions Open Hole Completions Multi Zone Completions Well Reconstruction Upper Floridan Aquifer RO Supply Wells

Water Well Drilling & Construction Services

Other Well Types UIC Deep Injection Wells (Class I and Class V) Complex Multi Zone Deep Monitor Wells Single Zone Deep Monitor Wells Aquifer Storage & Recovery Wells Aquifer Recharge Wells Exploratory Wells Agricultural Wells Industrial Wells Geothermal Wells

Design Build Class I Deep Injection Well System;

Florida Drilling Team includes Permitting, Design, Construction, Testing & Outfitting Services During Construction & Reporting

Services

www.FLDrilling.com

Water Well Drilling & Construction Capabilities

Well Testing and Specialties Single & Dual Element Packer Testing Deep Well Coring Well Acidization Well Brushing, Jetting & Pump Development Well Chlorination & Disinfection Aquifer Performance Testing Well Step Draw Down Testing Wellhead Modifications & Repairs Well Abandonment Well Cementing DIW Mechanical Integrity Testing Steel, PVC & Fiberglass Reinforced Plastic Well Casing

Services

www.FLDrilling.com

General Contractor Services Design Build Services Water Plant Construction Waste Water Plant Construction Underground Piping General Construction Services Above Ground Piping & Equipment Water Treatment Processes

General Construction

Other Services Wellfield & Well Drilling Troubleshooting Well Drilling Consulting Drilling Equipment Design and Fabrication Variable Frequency Drive (VFD) System analysis, installation and troubleshooting Water Quality Test Pump Installation

Industry Trends

www.FLDrilling.com

Projects becoming multi-faceted with larger dollar contracts, and more complex from a logistics and management standpoint.

Projects combine well construction, testing and entire well outfitting including heads, piping, electrical, I&C, etc. for complete water solution.

High-value design build projects becoming more prevalent; Florida Drilling is currently under contract as prime for complete design build of a Class I Deep Injection Well system and a Biscayne Aquifer supply well.

Increased use of Deep Injection Well projects to comply with elimination of ocean outfall and as a mechanism to mitigate excessive Lake flows to estuaries.

Significant hydrogeologic investigation via deep test wells and monitor wells in central region of State.

Large scale ($100MM+) Deep Injection Well projects in Miami-Dade and Broward Counties.

Recent Projects

www.fldrilling.com

Florida Drilling Headquarters

Select Projects and Project Locations

Looking Forward | $28MM Backlog for 2019

www.FLDrilling.com

Florida Drilling currently has under contract 6 additional Deep Wells and 16 Municipal Supply Wells which will be constructed over the next 12 months:

Class I Tubing & Packer Deep Injection Well Design Build Project Dual-Zone Deep Injection Well Monitor Well Two Dual-Zone Upper & Lower Floridan Monitor Wells Two Lower Floridan Aquifer Test Wells Three Biscayne Aquifer Supply Wells Thirteen Surficial Aquifer Supply Wells

Work currently in procurement phase or renewing:

Upper Floridan Aquifer Supply Well Design Build including Well Outfitting ($1.835M – anticipated to be under contract Q1 2019)

Continuing Services Contracts for Well Rehabilitation & Well Reconstruction for four clients (Wellington, NSID, Broward County, City of Lake Worth)

Looking Forward | 2-year Industry Projection

www.FLDrilling.com

Upcoming Bid Opportunities and Industry Outlook: City of Bradenton Aquifer Recharge Well ($2M) City of Deltona, Either Aquifer Recharge Wells or Injection Wells ($4M) City of Sanford Aquifer Recharge Wells ($2M) City of St. Petersburg Northeast & Northwest WWTP Site One Class I Deep Injection Well ($8M) City of Tampa Aquifer Recharge Well ($2M) Clay County LFA Aquifer Recharge ($2M) Miami-Dade WASD, up to 30 new Class I Deep Injection Wells ($150M) North Pinellas County Reclaimed ASR System ($2M) Osceola County Class V Deep Injection Well ($3M) Pasco County Class I Deep Injection Well ($5M) Palm Beach County WUD Class I Deep Injection Well ($6M) SFMWD Deep Injection Wells for Estuary Protection Wells Lake runoff ($6M each) South Hillsborough County Aquifer Recharge Wells ($4M) St. Johns Upper Floridan Aquifer Recharge Well ($1.5M) TECO Big Bend Two LFA Wells Tubing and Packer ($4M) TOHO Water Authority Cypress Lakes One Deep Injection Well Class V for Concentrate Disposal ($4M)

Appendices

www.FLDrilling.com

Corporate Responsibility | Health, Safety & Environment

www.FLDrilling.com

Full-scope HSE Policy in place

Weekly safety meetings

Drug free work place with pre-employment, random,

and post-accident testing. Testing is conducted by

Total Compliance Network, an independent service

provider

Excellent industry safety record with significant Workers

Comp discounts earned annually

OSHA-trained supervisors with continuing education to

maintain certifications

Reduced impact on environment through smart

drilling techniques that include low-impact rigs, all-

electric equipment, and progressive site remediation

procedures

Training

Full-scope employment handbook in place

Full-scope training procedures in place that include an apprenticeship process for all field positions

Emphasis on internal promotions

Homogenous equipment operating procedures throughout the company and on all rigs for greater crew flexibility and crew confidence

Cross-training required for all field positions

Periodic “Mud School” training conducted by Baroid / Halliburton

Employees

www.FLDrilling.com

23

Health insurance benefit provided for all full time employees

(100% for salaried employees, 50% for hourly employees)

Dental, Life, Long- & Short-term Disability insurance available

401K with match for all vested employees

Paid time off (PTO) policy for all employees upon completion

of probationary period

Paid holiday policy with seven paid holidays annually for

eligible employees

Benefits

Daniel Ringdahl - CEOM: 561-324-3885E: Dan@FLDrilling.com

Noah Ringdahl - PresidentM: 561- 909-7295E: Noah@FLDrilling.com

Michael Black - VP Well DrillingM: 561-371-9985E: Mike@FLDrilling.com

Bruce Balmer - VP Drilling OperationsM: 561-315-2459E: Bruce@FLDrilling.com

Florida Design Drilling Corp.7733 Hooper Rd

West Palm Beach, FL 33411E: Contact@FLDrilling.com

561-844-2966

Jeffrey Holst - VP General ConstructionM: 561-818-3228E: Jeff@FLDrilling.com

Paula Williams - ControllerM: 561- 267-5588E: Paula@FLDrilling.com

A LEADING PROVIDER OF �WATER RESOURCE CONSTRUCTION, MANAGEMENT, DRILLING, AND UTILITIES SOLUTIONSA Growing CompanyCompany HighlightsCompany HighlightsCompany HighlightsCompany HighlightsCompany OverviewProven Track RecordFlorida Drilling�LeadershipCompany HistoryRig OverviewRig OverviewOperations �ServicesServicesServicesIndustry TrendsRecent ProjectsLooking Forward | $28MM Backlog for 2019�Looking Forward | 2-year Industry ProjectionAppendicesCorporate Responsibility | Health, Safety & Environment �EmployeesSlide Number 24