Cadre Holdings, Inc. · NYSE:CDRE
Cadre — Investor Day (October 2025)
30 slides from Cadre's investor day presentation, Oct 8, 2025
Slide 1: 2025 Investor Day
2025 INVESTOR DAY October 8, 2025
Slide 2: Introduction – Warren Kanders
INTRODUCTION COMPANY OVERVIEW AND STRATEGIC UPDATE INTRODUCTION TO CADRE NUCLEAR GROUP WARREN DEEP DIVE INTO NUCLEAR SAFETY KANDERS NUCLEAR PANEL DISCUSSION CEO and Chairman AUDIENCE Q&A SESSION LUNCH AND PRODUCT DEMONSTRATIONS 2
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Please note that in this presentation we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private
Slide 4: Introduction – Brad Williams and Blaine Browers
INTRODUCTION COMPANY OVERVIEW AND STRATEGIC UPDATE INTRODUCTION TO CADRE NUCLEAR GROUP BRAD BLAINE DEEP DIVE INTO NUCLEAR SAFETY WILLIAMS BROWERS President Chief Financial NUCLEAR PANEL DISCUSSION Officer AUDIENCE Q&A SESSION LUNCH AND PRODUCT DEMONSTRATIONS 4
Slide 5: Cadre history timeline
Warren Kanders BAE Systems acquires Brad Williams Brad Williams appointed invests in Armor Holdings Armor Holdings for $4.1bn* joins Safariland president of Safariland *$4.1 bn equity value, $4.5bn enterprise value 1996 2007 2017 2019 2021 1964 1999 2012 2018 Safariland's holding company Maui Acquis
Slide 6: Transforming from Public Safety to Diversified Industrial
TRANSFORMING FROM PUBLIC SAFETY Cadre operating model drives continual efficiency gains and margin expansion no TO DIVERSIFIED INDUSTRIAL matter the end market Diversified safety focus increases size of total addressable market exponentially Diversified Industrial Company Focused on highly engineere
Slide 7: Who Is Cadre?
WHO IS CADRE? PRODUCT DISTRIBUTION Global leader in the manufacturing Owned distribution platform serves as a of highly-engineered safety one-stop shop for first responders equipment for professionals Duty Gear EOD % of 2024 Revenue : ~ 20% % of 2024 Revenue : ~ 80% Retail locations across the East
Slide 8: Cadre's Foundation: The Saves Club
CADRE’S FOUNDATION: THE SAVES CLUB 8
Slide 9: Consistent and Reliable Execution Since IPO
Enhanced Leadership CONSISTENT AND RELIABLE ● Operating model implementation EXECUTION SINCE IPO ongoing ● Growing international footprint and expanding TAM Robust Financial Performance (FY2020 vs. FY2025E) ● Increasing customer wallet share ● Delivering new, innovative product +55% +97% +740 bps 1.
Slide 10: Historical Revenue and Adj. EBITDA Margin
HISTORICAL REVENUE AND ADJ. EBITDA MARGIN Resilient financial performance through economic, political, geopolitical and other cycles Slide includes a non-GAAP financial measure. Definitions and reconciliations to the nearest GAAP measures are available in the Company’s Form 10-Q for the quarter ende
Slide 11: Med-Eng Awarded $50 Million IDIQ with Dept. of Defense
MED-ENG AWARDED $50 MILLION IDIQ WITH DEPT. OF DEFENSE HISTORY DETAILS OF AWARD Four decades of experience evaluating blast ● Award from: Department effects on personnel and associated of Defense protective equipment ● Blast Exposure Monitoring Industry expert and market leader in System (BEMO) prot
Slide 12: Cadre Operating Model
CADRE OPERATING MODEL Our business strategy to attain and sustain exceptional results. The CADRE Operating Model is a behavior-based, leadership-centric, operating “way” that enables us to create greater value for our customers and stakeholders. It guides how we work, innovate, solve problems, impro
Slide 13: Excellence Maturity Model
EXCELLENCE MATURITY MODEL The CADRE Excellence Maturity is the leadership operating model supported by lean tools, variability reduction tools and Kaizen methodology. It starts with leadership behaviors and the engagement of every person within the organization in pursuit of the idea of “better ever
Slide 14: Industry Tailwinds Support Sustainable Growth
INDUSTRY TAILWINDS SUPPORT SUSTAINABLE GROWTH Rising safety threats Resilient and growing Catalysts drive steady, globally spend worldwide recurring demand Governments face U.S. bipartisan commitment to public Refresh cycles on vast majority of increasingly complex safety safety Cadre product lines
Slide 15: Long-Term Vision
LONG-TERM VISION FY2024 Aspiration 3–5% organic growth, Revenue $568 million supplemented by $100M in annual M&A Margin Levers $105 million Mid-20s% Adj. EBITDA Pricing Growth Adj. EBITDA 18.5% Margin margin Efficiency Initiatives Gross Margin 41.1% 45-50% Gross Margins Innovation Multiple new verti
Slide 16: Introduction – Eric Gasvoda
INTRODUCTION COMPANY OVERVIEW AND STRATEGIC UPDATE INTRODUCTION TO CADRE NUCLEAR GROUP ERIC DEEP DIVE INTO NUCLEAR SAFETY GASVODA NUCLEAR PANEL DISCUSSION VP and General Manager, Cadre Nuclear Group AUDIENCE Q&A SESSION LUNCH AND PRODUCT DEMONSTRATIONS 16
Slide 17: What Is Cadre Nuclear Group?
WHAT IS CADRE NUCLEAR GROUP? March 2024: Acquisition of Alpha Safety ● Highly-visible, recurring revenue driven by long-term Diversified Nuclear Suite with Growth Potential contracts, commitments and recurring purchases ● Collection of leading brands with global scale spanning the from entrenched cu
Slide 18: Market Leading Brands with Defensible Positions and Global Scale
MARKET LEADING BRANDS WITH DEFENSIBLE POSITIONS AND GLOBAL SCALE U.K. PRODUCT CATEGORIES ● Ventilation/containment ● Engineered/advanced transportation containers ● Specialty filters ● Radiometric instrumentation ● Robotics systems/manipulators Germany ● Large scale engineering ● Commercial waste ma
Slide 19: The Markets That We Serve
THE MARKETS THAT WE SERVE Environmental Management Clean up initiatives related to decades of U.S. nuclear material processing and handling National Security Ongoing and expanding national defense initiatives, including weapons modernization programs Nuclear Energy Increasing global demand for susta
Slide 20: Introduction – Terry Wickland
INTRODUCTION COMPANY OVERVIEW AND STRATEGIC UPDATE INTRODUCTION TO CADRE NUCLEAR GROUP TERRY DEEP DIVE INTO NUCLEAR SAFETY WICKLAND NUCLEAR PANEL DISCUSSION VP and General Manager, Alpha Safety AUDIENCE Q&A SESSION LUNCH AND PRODUCT DEMONSTRATIONS 20
Slide 21: Environmental Management
ENVIRONMENTAL MANAGEMENT What we do: provide containers, robotics, measurement tools and containment systems that address nuclear clean up KEY GROWTH DRIVERS: Billions committed annually to support mission-critical and mandated initiatives spanning numerous sites from decades of nuclear weapons deve
Slide 22: Environmental Management
ENVIRONMENTAL Retrieval/Sort & Segmentation MANAGEMENT Process/Treatment Disposal Transportation Characterization & Analysis Waste Packaging 22
Slide 23: National Security
NATIONAL SECURITY What we do: nuclear containers, radiological safety systems, and bespoke engineered solutions that support nuclear modernization 2025 U.S. Intelligence Annual KEY GROWTH DRIVERS: Threat Assessment underscores that adversaries continue to work against U.S. interests through proxy co
Slide 24: National Security
NATIONAL SECURITY Legacy Weapons Stockpile / PU239 Disposition Strategy Weapons Disposed Arsenal Reused Unsuitable Surplus Weapons Disassembled Grade Pu Recast Shipping Disposal New Pit Production Generated TRU Waste 24
Slide 25: Nuclear Energy
What we do: packaging, ventilation, monitoring and NUCLEAR ENERGY outage tooling to address extending today’s nuclear energy fleet, deploying Small Modular Reactors (SMRs), and enabling new fuels (HALEU, TRISO, etc.). US Electricity Demand Estimated Through 2032 From Data Center, AI, EV and Crypto C
Slide 26: Government Clearing Path and Private Investment Flowing In
GOVERNMENT CLEARING PATH AND PRIVATE INVESTMENT FLOWING IN Google partners with Elementl Power on nuclear energy sites as power demand for AI grows Meta has signed a 20-year agreement to — Associated Press (May 2025) buy nuclear power from Constellation Energy, continuing the wave of tech giants tea
Slide 27: Nuclear Energy
NUCLEAR ENERGY Enrichment Conversion Disposal Mining & Milling Spent Fuel Interim Storage Reprocessing Fuel Fabrication Power Fuel Generation SMR Transportation 27
Slide 28: Cadre Nuclear Group – Our Why and Near-Term Action Plan
CADRE NUCLEAR GROUP – OUR WHY AND NEAR-TERM ACTION PLAN We exist to support the full Cleanup: Remediating Deterrence: Ensuring national Energy: Supporting the nuclear lifecycle —from Cold War and accident security through pit production, nuclear renaissance cleaning up the past, to legacies (DOE EM,
Slide 29: Introduction – Presenters
INTRODUCTION COMPANY OVERVIEW AND STRATEGIC UPDATE MARC ROOD CLAUDIA REICH EVP of Strategy and Managing Director, Business Development, Wälischmiller INTRODUCTION TO CADRE NUCLEAR GROUP Alpha Safety DEEP DIVE INTO NUCLEAR SAFETY NUCLEAR PANEL DISCUSSION JOE DIXON MICHAEL MOULIN-RAMSDEN Director of R
Slide 30: Introduction
INTRODUCTION COMPANY OVERVIEW AND STRATEGIC UPDATE INTRODUCTION TO CADRE NUCLEAR GROUP DEEP DIVE INTO NUCLEAR SAFETY NUCLEAR PANEL DISCUSSION AUDIENCE Q&A SESSION LUNCH AND PRODUCT DEMONSTRATIONS 30