Zedcor Inc · TSXV:ZDC
Zedcor — Q2 2024 Earnings Presentation
13 slides from Zedcor's earnings presentation, August 2024
Slide 1: Q2 Conference Call Presentation
Q2 Conference Call Presentation August 2024 TSX-V:ZDC
Slide 2: Speakers – Zedcor Management
SPEAKERS – ZEDCOR MANAGEMENT TSX-V:ZDC | www.zedcor.com Todd Ziniuk Amin Ladha President & CEO Chief Financial Officer 2
Slide 3: Disclaimer & Forward-Looking Statements
DISCLAIMER & FORWARD-LOOKING STATEMENTS TSX-V:ZDC | www.zedcor.com Certain statements and information in this presentation constitute forward-looking statements or forward-looking information relating to Zedcor Inc. (the “Company”) which are based upon the Company’s current internal expectations, es
Slide 4: At a Glance – Quarterly Highlights
AT A GLANCE – QUARTERLY HIGHLIGHTS TSX-V:ZDC | www.zedcor.com Record Revenue % Reoccuring1 Record Adjusted Fleet Update EBITDA $7.4M 88% $2.7M 130+ Quarterly revenue, up Up 48% YoY to 36.6% of MobileyeZTM added to fleet in 19% YoY revenue Q2 2024 1. Reocurring Revenue is based on management estimate
Slide 5: At a Glance – Year to Date Highlights
AT A GLANCE – YEAR TO DATE HIGHLIGHTS TSX-V:ZDC | www.zedcor.com Record Revenue % Reoccuring1 Record Adjusted Fleet Update EBITDA $13.5M 82% $4.6M 1,003 YTD revenue, up 7% yoy Up 16% YoY to 31.2% of MobileyeZTM up 48% yoy; revenue Utilization rates >90% for the quarter 1. Reocurring Revenue is based
Slide 6: Q2 Results – Continued Growth Momentum
Q2 RESULTS – CONTINUED GROWTH MOMENTUM TSX-V:ZDC | www.zedcor.com • Revenue increased 19% to $7.4M, driven by: o Expansion of MobileyeZTM fleet o Improved fleet utilization C$000 excl. /share Q2'24 Q1'24 Q2'23 • Gross Margin increased to $4.2M, or 57% of revenue, driven by: Revenue $7,372 $6,134 $6,
Slide 7: Strong Visibility and Funding for Future Growth
STRONG VISIBILITY AND FUNDING FOR FUTURE GROWTH TSX-V:ZDC | www.zedcor.com • Expanded MobileyeZTM Service Agreement with a leading North American home improvement retailer Q22024 Q2 2024Revenue RevenueByby Industry Industry • Showcasing the value of Zedcor's platform and ability 5% to grow within ex
Slide 8: Robust Balance Sheet - Supports Growth Trajectory
ROBUST BALANCE SHEET - SUPPORTS GROWTH TRAJECTORY TSX-V:ZDC | www.zedcor.com • Cash balance stood at $9.1 million at the end of Q2, have repaid Note Payable and started to deploy cash from $15M C$000 excl. ratios Q2'24 Q1'24 Q2'23 equity financing completed in May Cash $9,116 $1,444 $1,245 • YoY cha
Slide 9: Capex & Cash Flow
CAPEX & CASH FLOW TSX-V:ZDC | www.zedcor.com • Adjusted Operating Cash Flow ("OCF") increased 41% YoY to $2.2M, demonstrating the growing cash flow generation C$000 excl. ratios Q2'24 Q1'24 Q2'23 capacity of the business Adj OCF pre-WC1 $2,239 $1,591 $1,582 • Capital expenditures ramped up in Q2 202
Slide 10: Operations Update - Canada & U.S.
OPERATIONS UPDATE - CANADA & U.S. TSX-V:ZDC | www.zedcor.com • Expanded across Texas; ability to service major cities MobileyeZTM Q2 2024MobileyeZ By Service Fleet Center Geographic Footprint throughout including Houston, Dallas, San Antonio, Austin; 9% 0% expanded to Denver, CO in late Q2 21% Edmon
Slide 11: Outlook & Go-Forward Strategy
OUTLOOK & GO-FORWARD STRATEGY TSX-V:ZDC | www.zedcor.com MobileyeZTMTowers MobileyeZ Towersby ByCountry Country 4,000 1. Demand continues to outpace supply of MobileyeZTM; goal is Upside: 3,600 to ramp up production of MobileyeZTM to 20-25 per week 3,500 Base: 3,200 2. Continued US operating footpri
Slide 12: Questions & Answers
TSX-V:ZDC | www.zedcor.com QUESTIONS & ANSWERS 12
Slide 13: Thank You for Attending the Zedcor Inc. Q2 Financial Results Conference Call
TSX-V:ZDC | www.zedcor.com THANK YOU FOR ATTENDING THE ZEDCOR INC. Q2 FINANCIAL RESULTS CONFERENCE CALL A REPLAY OF THIS CALL WILL BE AVAILABLE ON OUR WEBSITE 13