Dexterra Group (DXT) AGM 2025 summary

Opening remarks and agenda

• Meeting held virtually with formal business, business update, and Q&A session.

• Voting instructions and administrative details provided for online participation.

• Scrutineers appointed to oversee voting and quorum confirmed.

• Emphasized a 75-year legacy of supporting North American infrastructure and built assets, highlighting regional expertise and client confidence.

Financial performance review

• Achieved consolidated revenue of CAD 1.003 billion in 2024, up from $928 million in 2023, driven by organic growth and acquisitions.

• Adjusted EBITDA reached CAD 107 million in both 2023 and 2024, with Support Services contributing a record CAD 74 million, up nearly 37% year-over-year.

• Free cash flow was a record CAD 75 million, with a conversion rate over 70% from EBITDA.

• Maintained a robust balance sheet with low leverage and significant credit capacity.

• Capital allocation prioritized dividends, sustaining capital, share buybacks, and accretive acquisitions.

Board and executive committee updates

• Nine directors elected for the coming year, as nominated in the management information circular.

• Board and executive team highlighted for their experience and stability, with many leaders serving over a decade.

• Leadership team includes executives with tenures ranging from 1.5 to 12 years and extensive industry backgrounds.