Zedcor (ZDC) Investor Presentation summary

Business overview and market positioning

• Provides turnkey surveillance solutions with a fleet of 1,600+ MobileyeZ units serving 400+ customers across North America, focusing on industrial and commercial sectors.

• Disrupts traditional security by leveraging AI-enabled hardware and centralized 24/7 monitoring, offering cost-effective and scalable security outcomes.

• Holds a market leadership position in Canada and is expanding rapidly in the U.S., supported by a hub-and-spoke service model and local service centers.

• Addresses a total addressable market exceeding $10B, with a focus on construction, industrial, retail, and automotive sectors.

• Recurring revenue model with over 85% of revenue recurring and utilization rates above 90%, supported by blue-chip customers.

Financial performance and growth

• Achieved a 47% revenue CAGR and 41% adjusted EBITDA CAGR over five years, with 2024 revenue at $33M and adjusted EBITDA at $12M.

• Adjusted EBITDA margin reached 36% in FY 2024 and 39% in Q4 2024, with stable gross margins around 65%.

• Maintenance capex remains low (<$500,000 in 2024), with an 18-24 month payback period and ~22% ROIC.

• Well-funded for growth with $30M+ in credit facilities and a $25.3M equity raise in February 2025.

• Diluted market cap as of April 2025 is $295.7M, with an enterprise value of $308.2M and strong insider ownership (~40%).

Product innovation and technology

• MobileyeZ product line includes solar hybrid, electric, and solar electric towers, all with AI-driven cameras and multiple power options.

• 24/7 live, verified monitoring is 25-60% cheaper than security guards and is managed by security experts from a centralized hub.

• Proprietary software and hardware are tailored for diverse environments, with advanced sensors and client-accessible video portals.

• AI at the edge reduces false alarms and improves effectiveness, with a 95%+ crime deterrence rate supported by case studies.

• MobileyeZ units are designed for minimal environmental impact, with a focus on zero-emission and low-carbon solutions.