Information Services (ISC) Investor presentation summary

Business overview and financial performance

• Provides registry and information management technology and services for land, personal property, and corporations, operating through Registry Operations, Services, and Technology Solutions segments.

• Q4 2025 revenue was $65.5M, with adjusted EBITDA margin at 41.3% and net income of $4.9M.

• 2025 full-year revenue reached $257.8M, adjusted EBITDA $103.1M, and net income $26.8M.

• Paid $17.1M in dividends in 2025, with over $150M distributed since IPO.

• 2026 revenue guidance is $273M–$283M, with adjusted EBITDA guidance of $100M–$107M.

Growth strategy and diversification

• Revenue has grown at a ~10% CAGR since IPO, tripling since 2013, driven by both organic expansion and strategic M&A.

• Registry contract in Saskatchewan extended to 2053, securing long-term cash flows and exclusivity.

• Services segment has expanded significantly, with revenue growing from $12M to over $110M since 2015.

• Targeting to double annual revenue and adjusted EBITDA by 2028, leveraging organic growth and acquisitions.

• Focused on expanding technology solutions and international opportunities.

Capital allocation and shareholder returns

• Prudent capital allocation with over $300M deployed in acquisitions and MSA extension, maintaining leverage below 4.0x net debt/EBITDA.

• Achieved unlevered IRRs of 10–15% on major investments and a 10% annualized total shareholder return.

• No shareholder dilution from acquisitions; value creation of $137M or $7.53/share from Services expansion.

• Over $150M paid in dividends since IPO, with a stable and predictable dividend policy.