Cea Industries Inc. · NASDAQ:BNC
Cea Industries — Investor Presentation (June 2025)
15 slides from Cea Industries's investor presentation, June 2025
Slide 1: Investor Presentation June 2025
INVESTOR PRESENTATION JUNE 2025
Slide 2: Disclaimers
Disclaimers Forward Looking Statements This investor presentation may contain statement of a forward-looking nature relating to future events. These forward-looking statement are subject to the inherent uncertainties in predicting future results and conditions. These statement reflect our current be
Slide 3: CEA Industries - Corporate Structure
CEA Industries - Corporate Structure Fat Panda is central Canada’s largest Surna provides a suite of retailer and manufacturer of e- complementary and adjacent cigarettes, vape devices and e- offerings to the controlled liquids. Fat Panda operates 33 retail environment agriculture locations and serv
Slide 4: Fat Panda - At A Glance
Fat Panda - At A Glance Fat Panda Ltd is central Canada’s largest retailer and manufacturer of e-cigarettes, vape devices, and e-liquids. Market Leader in Strong retail footprint with 33 brick-and-mortar 33 retail stores across Manitoba, Central Canada stores in high-traffic locations with a market
Slide 5: Canadian Nicotine Vape Market
Canadian Nicotine Vape Market • The Canadian vape market operates within a fully legalized and regulated framework, with Health Canada providing formal oversight and approval of products under the Tobacco and Vaping Products Act (TVPA)—underscoring the sector’s legitimacy, consumer safety standards,
Slide 6: Regulatory Landscape
Regulatory Landscape The Tobacco and Vaping Products Act (TVPA) is the cornerstone of the regulatory framework governing vaping products in Canada. Enacted in 2018, the TVPA aims to: • Protect youth and non-users from nicotine addiction • Provide adult smokers with access to less harmful alternative
Slide 7: Scalable, Resilient, and Flexible
Scalable, Resilient, and Flexible Established in 2012, Fat Panda has demonstrated long-term resilience and scalability, accelerating its growth through a strategic expansion initiative launched in 2018 that has expanded its footprint to 33 retail locations across central Canada. Business fundamental
Slide 8: Fat Panda's Customer-First Advantage
Fat Panda’s Customer-First Advantage Comprehensive Offering Full spectrum of vape products—from entry-level disposables to premium hardware and proprietary formulations Best-in-Class Customer Service Trained retail staff provide tailored product recommendations, education, and compliance- focused gu
Slide 9: Growth Levers
Growth Levers 1 2 3 Drive Organic Pursue Inorganic Optimize Retail Growth Through Growth via Targeted Footprint for Retail Expansion Acquisitions Profitability Accelerate revenue growth by Expand market presence and Enhance store-level opening new high-traffic retail customer base through performanc
Slide 10: Leadership Team
Leadership Team Tony McDonald Jordan Vedoya Renee Larson Nick Etten Matt Tarallo Chief Executive Officer President, Fat Panda VP & Financial Controller Director Director • CEO of CEA Industries since • Co-founder of Fat Panda; • 9+ years with CEA Industries; • CEO of LoneStar Bioscience; • Founder &
Slide 11: Strong Revenue and Adjusted EBITDA Trajectory
Strong Revenue and Adjusted EBITDA Trajectory Total Revenue, (CAD $M) 38% Adjusted EBITDA, (CAD $M) 71% CAGR CAGR 38.5 8.0 33.8 6.8 24.6 5.3 16.0 2.9 10.7 0.9 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 11 1 Represents preliminary unaudited Fat Panda financials in
Slide 12: Fat Panda Preliminary 2024 Financial Highlights
Fat Panda Preliminary 2024 Financial Highlights Total Revenue Operating Expense Net Income Adjusted EBITDA (CAD $M) (CAD $M) (CAD $M) (CAD $M) 14% -11% 126% 16% YoY YoY YoY YoY 38.5 15.1 1.2 8.0 33.8 13.4 6.8 0.5 FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 12 1 Represents prelimi
Slide 13: Investment Highlights
Investment Highlights Market Leadership Dominant position in Central Canada with 33 corporate-owned stores and over 1 with Established 50% regional market share. Retail Footprint Vertically Integrated In-house, ISO-certified, e-liquid manufacturing and direct domestic and 2 Operations international
Slide 14: Financial Statement
Financial Summary1 FY 2023 FY 2024 (CAD $000s) Revenue 33,784 38,492 Gross Profit 15,666 14,997 Gross Margin 46% 39% Operating Expense 15,064 13,375 Financial Statement Operating Income 602 1,622 Operating Margin 2% 4% Net Income 544 1,228 Profit Margin 2% 3% EBITDA 1,540 3,041 Adjusted EBITDA 6,837
Slide 15: Investor Relations
Investor Relations Sean Mansouri, CFA or Aaron D’Souza Elevate IR 720-330-2829 info@ceaindustries.com