Omni Lite Industries Canada (OML) AGM 2024 summary

Opening remarks and agenda

• Meeting called to order, quorum confirmed, and voting procedures outlined for ordinary and special resolutions.

• Audited financial statements for the year ending December 31, 2023, and auditor's report presented to shareholders.

Financial performance review

• Trailing twelve-month revenue reported at $15.2 million USD, adjusted EBITDA at nearly CAD 1.8 million, and free cash flow at CAD 1.1 million.

• Gross margin at 19.7% and EBITDA margin at 11.8%, with 26% organic growth over the trailing twelve months.

• Net cash position of CAD 2.1 million at end of Q2, with expectations for increased cash following Q3.

Board and executive committee updates

• Number of directors fixed at five; David Robbins, Charles Samkoff, Roger Dent, Patrick Hutchins, and Jan Holland elected as directors until the next AGM.

• MNP LLP appointed as auditors until the next AGM, with remuneration to be approved by the board.