Black Diamond Group (BDI) Investor presentation summary

Track record of growth

• Adjusted EBITDA grew at a 29.5% CAGR and rental revenue at 22.3% CAGR over the last five years, with share price compounding at 31.3% CAGR since 2018.

• Diversified, recurring rental revenues span multiple industries and geographies.

Capital allocation and financial flexibility

• $378 million allocated over five years (2019–2023) to organic capex, acquisitions, and return of capital.

• Free cash flow reached $27.7 million in 1H 2024, supporting disciplined reinvestment and capital returns.

• Net debt of $225.9 million in Q2 2024 remains well below tangible asset value, with $101 million in available liquidity.

• Net debt to TTM Adjusted Leverage EBITDA improved to 2.1x in Q2 2024.

Operational and financial performance

• Q2 2024 consolidated ROA reached 19.9%, with quarterly dividend increased by 20% to $0.03.

• Adjusted EBITDA for Q2 2024 was $27.9 million, up 24% year-over-year; margin improved to 29.2%.

• Free cash flow for the first half of 2024 was $27.7 million.

• Gross profit margin for Q2 2024 increased to 48.2%.