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.

• Completed 16 acquisitions since 2015, investing in five industry verticals: Hearth, Agriculture, Merchandising, Industrial, and Wear Parts.

• Prioritizes sustainable and growing dividends, with a 10% CAGR in per share dividends and $50.4M cumulative dividends paid.

• Diversified portfolio with 9 subsidiaries in Canada and 2 in the UK, leveraging scale and geographic reach.

Financial performance and capital structure

• Achieved a revenue CAGR of 25% and adjusted EBITDA CAGR of 26% since 2015.

• Q4 2025 TTM revenue reached $152.2M, with adjusted EBITDA at $25.4M and a net debt/EBITDA ratio of 2.5x.

• Maintains a 79% dividend payout ratio for 2025, with a 5.9% yield as of April 2026 and a monthly dividend of $0.045 per share.

• Market cap stands at $194.3M, with $44.4M available liquidity and a $175M syndicated credit facility maturing in June 2028.

• Free cash flow less maintenance capital CAGR is 27%, supporting ongoing dividend growth.

Acquisition criteria and pipeline

• Targets manufacturing or adjacent businesses with strong profitability, resilience, and low obsolescence.

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

• Open to both stable management teams and owner transition scenarios, with a disciplined due diligence process.

• Strong acquisition pipeline across sectors and geographies, supported by experienced investment professionals.