Decisive Dividend (DE) investor relations material

Business model and strategy

• Focuses on acquiring 100% of established, profitable small and mid-sized businesses with EBITDA of $2M–$6M, emphasizing legacy-minded entrepreneurs and long-term ownership.

• Employs a Buy-Build-Hold approach, supporting acquired companies with growth capital, operational expertise, and strategic investments.

• Prioritizes businesses in manufacturing or adjacent sectors, particularly in Hearth, Agriculture, Merchandising, Industrial, and Wear Parts.

• Acquisition structure includes a mix of cash and shares, with sellers retaining at least 10% in shares, aligning interests.

• Maintains a disciplined acquisition strategy, typically paying 3.5x–5.5x EBITDA, with earn-outs or profit-sharing to bridge valuation gaps.

Portfolio and performance

• Completed 16 acquisitions since 2015, with 9 portfolio companies in Canada and 2 in the UK, spanning five industry verticals.

• Achieved ~503% total return since inception (~18% annualized) and ~317% total return (~33% annualized) since 2021.

• Cumulative dividends paid total $49.5M, with a 10% CAGR in per-share dividends.

• Revenue CAGR of 25% and Adjusted EBITDA CAGR of 26% since 2015; free cash flow less maintenance capital CAGR of 27%.

• Current monthly dividend is $0.045 per share ($0.54 annually), with a 7.1% yield as of March 2026.

Market opportunity and positioning

• Targets a significant market opportunity as a large proportion of business owners in Canada, the US, and Europe plan to exit within 10 years, representing trillions in potential transactions.

• Well-positioned as an acquirer of choice for legacy-minded sellers seeking stability and long-term stewardship.

• Operates in growing market segments and leverages a strong acquisition pipeline across sectors and geographies.