Decisive Dividend (DE) Investor Presentation summary

Market opportunity and business model

• Aging demographics in Canada are driving a $2 trillion business asset transition, with 76% of business owners planning to exit within 10 years, creating significant acquisition opportunities.

• The buy, build, hold model focuses on acquiring profitable, well-established manufacturing companies (up to $25M enterprise value), supporting their growth, and maintaining their legacy in local communities.

• Key selling points for vendors include business legacy continuation, cash-out opportunities, and participation in future growth through equity.

• Employees benefit from stability, capital for growth, and equity ownership opportunities.

• Shareholders benefit from a growing, diversified portfolio, strong deal flow, and a dividend strategy.

Financial performance and growth

• Achieved 16 acquisitions in 10 years, with 8 in the last 24 months and 3 strategic tuck-ins in 2025.

• Revenue grew at a 25% CAGR (2015–2024), reaching $151.3M TTM as of June 2025; adjusted EBITDA grew at 26% CAGR, reaching $26.5M TTM.

• Net profit for the TTM ended June 2025 was $5.8M; free cash flow less maintenance capital grew at 27% CAGR.

• Cumulative dividend payout since 2015 is $43.2M, with a current monthly dividend of $0.045 per share (6.5% yield as of August 2025).

• Total return since 2022 is ~185% (~34% annualized), and ~900% since inception (~25% annualized), outperforming relevant indices.

Acquisition strategy and portfolio

• Targets profitable manufacturing companies with strong cash flow, sustainable competitive advantages, and enterprise values up to $25M.

• Maintains disciplined acquisition multiples (3.5x–5.5x adjusted EBITDA) and funds deals with a 50/50 equity-debt mix.

• Portfolio includes businesses in finished products (hearth, agriculture, merchandising, heavy equipment) and component manufacturing (wear parts, precision machining, radiators, belting).

• Recent acquisitions include Techbelt (2024), HT Group (2023), Procore (2023), and Capital I (2023), expanding product offerings and geographic reach.

• Subsidiaries operate autonomously, with oversight and support for growth and access to resources.