ADENTRA (ADEN) Investor presentation summary

Strategic platform and market position

• Operates a multi-brand, coast-to-coast distribution platform serving North America's fastest-growing markets, with 81 locations and 92% of sales in the US.

• Connects 2,500+ suppliers from 30+ countries to over 60,000 customers, leveraging global sourcing and streamlined logistics.

• Offers a comprehensive product portfolio across 10 categories, targeting a $48 billion total addressable market with significant growth opportunities in underpenetrated segments.

Financial performance and shareholder returns

• Achieved $2.2 billion in sales and $188 million in adjusted EBITDA in 2025, with free cash flow of $92.4 million.

• Adjusted EBITDA has grown at an 18% CAGR over 12 years, with sustained revenue and margin expansion.

• Delivered a total shareholder return CAGR of 18.3% over 13 years, outpacing major indices, and increased dividends annually for 13 years.

Growth strategy and M&A execution

• Acquired 16 companies since 2010, adding $1.7 billion in sales and expanding geographically, by product, and by customer channel.

• M&A strategy focuses on accretive deals, operational synergies, and post-acquisition EBITDA growth, with a disciplined capital allocation framework.

• Transformation since 2014 includes expanding from 1 to 8 brands, 3 to 10 product categories, and 33 to 81 locations.