Zedcor (ZDC) Investor Presentation summary

Business overview and market positioning

• Provides turnkey surveillance solutions via MobileyeZ towers, serving 400+ customers across North America with a fleet exceeding 1,000 units and targeting 1,400 by year-end 2024.

• Disrupts traditional security by leveraging AI-driven technology, offering lower costs and improved outcomes such as theft reduction and liability prevention.

• Holds a market leadership position in Canada and is expanding into the U.S., with a service center in Houston and plans for further geographic growth.

• Addresses a total addressable market (TAM) exceeding $10B, with significant opportunities in construction, retail, auto dealerships, and infrastructure.

• Recurring revenue model with over 75% of revenue recurring and utilization rates above 90%, supported by blue-chip customers.

Product and technology differentiation

• MobileyeZ product portfolio includes solar hybrid, electric, and solar electric surveillance towers, all with AI-enabled cameras and 24/7 live monitoring.

• Solutions are tailored to client needs, offering various power sources, communication options, and client video portals.

• AI-driven software and human intelligence deliver industry-leading service levels, with a 98% crime deterrence rate.

• MobileyeZ process includes motion detection, threat assessment, loudspeaker warnings, and rapid law enforcement dispatch.

• Technology is designed for minimal environmental impact, with a focus on zero-emission and low-carbon solutions.

Financial performance and growth

• Achieved a 47% revenue CAGR and 50% EBITDA CAGR over five years, with 2023 adjusted EBITDA margin at 30% and Q2 2024 at 37%.

• MobileyeZ fleet has grown at an 80% CAGR since 2019, reaching 1,003 units by Q2 2024.

• Well-funded for growth with $24M+ in credit facilities and a $15M equity raise in May 2024; diluted market cap of $167.2M and enterprise value of $172.6M as of August 2024.

• Low maintenance capex and high return on invested capital, with an 18-24 month payback on new investments.

• Illustrative annual sales potential shows robust revenue opportunity even at modest market penetration and utilization rates.