Decisive Dividend (DE) investor relations material

Business model and strategy

• Focuses on acquiring 100% of established, profitable small and mid-sized businesses with EBITDA of $2M–$6M, emphasizing legacy-minded entrepreneurs and long-term ownership.

• Employs a Buy-Build-Hold approach, supporting acquired companies with growth capital, operational expertise, and strategic investments.

• Prioritizes businesses in manufacturing or adjacent sectors, particularly in Hearth, Agriculture, Merchandising, Industrial, and Wear Parts verticals.

• Typically pays 3.5x–5.5x EBITDA for acquisitions, with sellers retaining at least 10% of consideration in shares.

• Maintains a diversified portfolio with 17 acquisitions since 2015, spanning Canada, the US, and Europe.

Financial performance and shareholder returns

• Achieved a 361% total return (~36% annualized) since June 2021 and paid $52.2M in cumulative dividends.

• Revenue CAGR of 25%, Adjusted EBITDA CAGR of 26%, and Free Cash Flow less Maintenance Capital CAGR of 27% since 2015.

• Current annual dividend is $0.54 per share, with a 5.6% yield and an 80% payout ratio for the trailing twelve months ending June 2026.

• Q1 2026 revenue was $37.9M, with TTM revenue at $150.9M and TTM Adjusted EBITDA at $24.9M.

• Proforma net debt to Adjusted EBITDA stands at 2.7x, with $24.4M in available liquidity and a $175M credit facility.

Acquisition pipeline and market opportunity

• Targets a large market of aging business owners seeking exits: 76% in Canada and 75% in the US plan to exit within 10 years, representing $2T and $14T opportunities, respectively.

• Most recent acquisition, Be Fire (June 2026), was purchased for $19.9M at under 5x five-year average Adjusted EBITDA, expanding the hearth vertical in Europe.

• Strong acquisition pipeline supported by disciplined criteria and a team experienced in deal execution and integration.