Slide 1: Investor Presentation
MAY 2025 Investor Presentation Figures in USD unless otherwise noted TSX: ADEN
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this MD&A contain forward-looking information within the meaning of applicable securities laws in Canada (“forward-looking information”). The words “anticipates”, “believes”, “budgets”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “may”, “
Slide 3: Our Diverse Product Portfolio
Our Diverse Product Portfolio Creating beautiful spaces where we live, work and play ADENTRA 3
Slide 4: A World Class Platform for Architectural Building Products
A World Class Platform for Home Centers 14% Architectural Building Products Customer Using a multi-brand strategy and coast-to-coast distribution platform to Channels serve North America‘s fastest-growing markets. Pro Dealers Industrial 31% Manufacturers 2024 Operating Highlights 55% $2.2 B $184 M $
Slide 5: The ADENTRA Advantage
The ADENTRA Advantage Global Supply Chain Management Sourcing from 30+ countries, connecting Access to exclusive products, in-house Streamlined logistics reduce lead times, 2,500+ suppliers with 60,000+ brands, and break-bulk logistics, giving lower costs, and mitigate risk for our customers, reduci
Slide 6: Reduce Complexity. Create Value.
Reduce Complexity. ADENTRA serves as a critical link between thousands of suppliers and tens of thousands Create Value. of customers. Partnering with 2,500+ A vital North American supply chain partner, Serving 60,000+ Customers Suppliers from 30+ Countries delivering exclusive products and insight-
Slide 7: Comprehensive Product Portfolio with Growth Opportunity
Comprehensive Product ADENTRA Market Share Total Addressable Market Portfolio with Growth Doors 2% $14.3 B Opportunity Mouldings 4% $6.9 B Decorative 4% $6.5 B Large untapped markets across all product categories Surfaces with substantial growth opportunities. Diversified 5% $5.5 B Product Portfolio
Slide 8: Building on Years of Growth & Value Creation
Sustained revenue and gross margin growth Building on Years of Growth supported by consistent execution and strategic investments. & Value Creation Adjusted EBITDA increasing at a 20% CAGR over the past 10 years. Revenue & Gross Margin Adjusted EBITDA & Adjusted EBITDA Margin Revenue Gross Margin (%
Slide 9: Committed to Operational Excellence and Shareholder Returns
Committed to Year Ending Share Price & Dividend Dividend Share Price Operational Excellence $50 $0.60 and Shareholder $45 $40 $0.50 Returns $35 $0.40 $30 $25 $0.30 Established dividend has increased in each of the last 12 years underscoring financial $20 discipline. $0.20 $15 Combined with strong sh
Slide 10: Platform Consolidator in a Fragmented Market
Platform Since 2010, ADENTRA has acquired 16 companies adding $1.7 billion in sales and transforming through: Consolidator in a • Geographic expansion • Product expansion • Customer channel expansion Fragmented Market Woolf Mid Woolf Acquired Sales Distributing We are one of the largest two-step (US
Slide 11: From Acquisition to Advantage, Through Synergies
Aggregate EBITDA An established multi-year From Acquisition to strategy for unlocking value and 50% increase in EBITDA operational synergies. Advantage, Through Synergies Synergy Drivers Synergies Purchasing Power in Action. Increased product access and better supplier terms M&A 2015–2020 Product Gr
Slide 12: A Business Transformed
A Business Transformed 2014 2024 Total Addressable Market $3.3 Billion $43 Billion Customer Brands 1 8 Product Categories 3 10 Locations 33 86 Customer Channels 1 3 U.S. Sales $318.1 Million $2.01 Billion Canada Sales C$104.3 Million C$235.9 Million Adjusted EBITDA1 $29.7 Million $184.3 Million Adju
Slide 13: Long-Term Value Creation Framework
Long-Term Value Creation Framework Full-Cycle Financial KPIs Low-to-mid A blueprint for driving profitable growth Average Annual Organic Growth single digit and maximizing shareholder value. Organic Growth Strategy M&A Spend Per Year $50–150M • Global sourcing • Vendor management • Digital engagemen
Slide 14: Strong Financial Foundation for Growth & Resilience
Leverage Ratio3 4.0x Strong Financial Net Debt / Adj. EBITDA Target to maintain Leverage Ratio between 2.0–3.0x EBITDA, 1.0x working capital Foundation for Growth 3.0x & Resilience 2.0x Effective capital allocation has driven significant 1.0x growth in free cash flow '15 '16 '17 '18 '19 '20 '21 '22
Slide 15: Proven Leadership, Deep Knowledge Base, & Decades of Strategic Execution
Proven Leadership, Robert J. Brown CPA, CA, CFA President & CEO Faiz Karmally CPA, CA VP & CFO Drew Dickinson COO Deep Knowledge Before joining ADENTRA in 2004, Mr. Brown held various senior Mr. Karmally held senior positions in assurance and Mr. Dickinson is the former COO and President at Rugby an
Slide 16: investor@ADENTRAgroup.com
investor@ADENTRAgroup.com TSX: ADEN