Freightways Group Limited · NZX:FRW
Freightways — Shareholder Meeting (October 2025)
36 slides from Freightways's shareholder meeting presentation, Oct 30, 2025
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting 30 October 2025 Presented by Mark Cairns [Chairman] and Mark Troughear [Chief Executive Officer] FRW: NZX | ASX
Slide 2: Chairman's Address
2 ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Mark Cairns Chairman’s Address
Slide 3: Agenda
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Agenda 1. Procedural Matters 2. Chairman’s Review 3. CEO’s Strategy and Trading Update 4. Questions 5. Resolutions 3
Slide 4: Q&A Participation
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Shareholder & Proxy Holders Q&A Participation Click Q&A and type your question here Online Questions If you have a question to submit during the live meeting, please select the Q&A tab on the right half of your screen at anytime. Type your question into
Slide 5: Voting
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Shareholder & Proxy Holders Voting Select Vote and choose your voting direction Shareholder & Proxy Voting • Once the voting has been opened, the resolutions and voting options will allow voting. • To vote, simply click on the Vote tab, and select your
Slide 6: FY25 Performance
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS FY25 Performance • For yet another year, the economic environment has been difficult in NZ, with a number of negative GDP quarters, but better in Australia, where same customers’ orders have remained resilient • Despite this, we delivered an almost 7% r
Slide 7: FY25 Group Highlights
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS FY25 Group Highlights Revenue Growth NPAT Growth 6.6% 12.9% to $1.3b to $80.1m 7
Slide 8: Leverage Below the Mid-Point of our Target Range
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Leverage Below the Mid-Point of our Target Range Capex & Net Debt to EBITDA 40,000 4.0 35,000 3.5 30,000 3.0 25,000 2.5 Number of times NZD’000 20,000 2.0 15,000 1.5 10,000 1.0 5,000 0.5 - - FY20 FY21 FY22 FY23 FY24 FY25 Capex (including software) Net d
Slide 9: FY25 Dividend on the Rise
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS FY25 Dividend on the Rise Dividend (cps) 50 2025 FY24 Dividend 2024 FY25 Dividend 40 30 372.4 cps x 402.7 cpsx 20 10 0 post IFRS16 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 * cps = Cents Per
Slide 10: Freightways Group Revenue Increased More than 5x from FY05 to FY25
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Freightways Group Revenue Increased More than 5x from FY05 to FY25 Our revenue has increased 8.9% per annum since listing Revenue (FY2005 - FY2025) 1,400 1,200 CAGR: +15.4% 1,000 800 $M 600 CAGR: +7.0% 400 200 0 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 F
Slide 11: Update: Strategy & Trading
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 11 Update Mark Troughear Strategy & Trading
Slide 12: Highlights Q1 FY26
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Highlights Q1 FY26 • Thank you to the team across NZ and Australia, we acknowledge the hard work that delivered the FY25 result • Pleasing increase in Q1 revenue and NPAT driven by: – Continued improvement in service which has enabled further new custom
Slide 13: Our Blueprint
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 13 Our Blueprint:
Slide 14: Three Horizons of Growth
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Three Horizons of Growth Key Strategic Initiatives Express Package Temperature Controlled Information Management Waste Renewal • Drive profitable market • Target opportunities that • Improve utilisation of the • Optimisation of the share gains in both B
Slide 15: Q1 Trading Update
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 15 Q1 Trading Update
Slide 16: Consolidated Performance - Unaudited
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Q1 Consolidated Performance - Unaudited • Revenue and earnings growth led by a Q1 FY26 Q1 FY25 Change strong EP&BM performance Notes $m $m % Operating Revenue 347.1 319.6 8.6 • Revenue growth achieved through market- share, some modest same-customer EBI
Slide 17: Express Package & Business Mail - Unaudited
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Q1 Express Package & Business Mail - Unaudited • Strong revenue and earnings growth Q1 FY26 Q1 FY25 Change • Allied, Post Haste and DX Mail brands with Notes $m $m % strong performance – reflecting leading Operating Revenue 288.0 262.4 9.8 positions in
Slide 18: Q1 NZ Network Courier Item Growth
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Q1 NZ Network Courier Item Growth Daily Average New Business Lost Business Same Customer Volume Volume Volume Volume % Change Prev. Year to As a portion of the Daily As a portion of the Daily As a portion of the Daily Curr. Year Avg. Volume Avg. Volume
Slide 19: Information Management - Unaudited
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Q1 Information Management - Unaudited Q1 FY26 Q1 FY25 Change • Revenue influenced by: Notes $m $m % – Medical waste growth of 9% Operating Revenue 60.5 58.5 3.4 – Document storage revenues up 4%, combination of pricing improvement EBITDA (non-GAAP) 1 10
Slide 20: FY26 Outlook
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS FY26 Outlook NZ volumes expected to benefit as the • The slow improvement in NZ volume from H2 FY25 has continued economy begins to but remains at modest levels grow. • Any positive economic momentum, along with our efficiency and pricing initiatives, w
Slide 21: Questions
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Questions If you wish to ask a question, please simply raise your hand. For those joining online, select the “Q&A” tab on the right half of your screen at any time. Type your question into the field and press “Send”. Your question will be immediately su
Slide 22: Resolutions
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Resolutions 1. That David Gibson be re-elected as a director of Freightways. 2. That Grant Devonport be elected as a director of Freightways. 3. That the total quantum of the annual Directors’ fee pool be increased by $85,000, from an aggregate of $965,
Slide 23: David Gibson re-election
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 1. David Gibson Be re-elected as a Director of Freightways 23
Slide 24: Grant Devonport election
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 2. Grant Devonport Be elected as a Director of Freightways 24
Slide 25: Directors' Fee Pool
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 25 3. Directors’ Fee Pool
Slide 26: Auditors' Remuneration
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 4. Auditors’ Remuneration That the directors are authorised to fix the Auditors’ remuneration 26
Slide 27: Questions? (or other business)
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 27 Questions? (or other business)
Slide 28: Ngā mihi nui (thank you)
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 28 Ngā mihi nui (thank you)
Slide 29: Disclaimer
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Disclaimer Read this presentation with the financial statements: The financial results in this presentation should be read in conjunction with the financial statements for the full year ended 30 June 2025, which can be found in the Freightways full year
Slide 30: Appendices
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS 30 Appendices
Slide 31: Group Financial Summary – Year Ended June 2025
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Group Financial Summary – For the Financial Year Ended 30 June 2025 FY25 FY24 Change Notes $m $m % Operating Revenue 1,289.6 1,209.2 6.6 EBITA (non-GAAP) 1 158.4 149.0 6.3 EBITA margin 12.3% 12.3% NPAT 2 80.1 70.9 12.9 NPAT margin 6.2% 5.9% Basic Earnin
Slide 32: Express Package & Business Mail – Year Ended 30 June 2025
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Express Package & Business Mail – For the Financial Year Ended 30 June 2025 FY25 FY24 Change $m $m % Operating Revenue 1,061.0 999.1 6.2 EBITA (non-GAAP) 143.3 128.4 11.6 EBITA margin 13.5% 12.9% NPAT 86.7 76.6 13.2 Notes: • Results in this table are af
Slide 33: Information Management – Year Ended June 2025
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Information Management – For the Financial Year Ended 30 June 2025 FY25 FY24 Change $m $m % Operating Revenue 233.6 214.4 9.0 EBITA (non-GAAP) 31.3 32.3 (3.1) EBITA margin 13.4% 15.1% NPAT 17.3 17.7 (2.3) Notes: • Results in this table are after NZ IFRS
Slide 34: Reconciliation of Post-NZ IFRS16 to Pre-NZ IFRS16
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Reconciliation of Post-NZ IFRS16 to Pre-NZ IFRS16 (Unaudited) Freightways Group Q1 FY26 Q1 FY26 Q1 FY26 Q1 FY25 Q1 FY25 Q1 FY25 $M $M $M $M $M $M Freightways Group POST NZ NZ IFRS16 PRE NZ IFRS16 POST NZ NZ IFRS16 PRE NZ IFRS16 IFRS16 ADJUSTMENT (NON-GA
Slide 35: Reconciliation of Pre-NZ IFRS16 to Post-NZ IFRS16: Express Package
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Reconciliation of Pre-NZ IFRS16 to Post-NZ IFRS16 (Unaudited) Express Package & Business Mail Q1 FY26 Q1 FY25 Change Express Package & Business Mail $m $m % Operating Revenue 288.0 262.4 9.8 EBITDA (before NZ IFRS16) 43.0 37.8 13.8 Add: NZ IFRS16 adjust
Slide 36: Reconciliation of Pre-NZ IFRS16 to Post-NZ IFRS16: Information Management
ANNUAL SHAREHOLDERS MEETING 2025 | FREIGHTWAYS Reconciliation of Pre-NZ IFRS16 to Post-NZ IFRS16 (Unaudited) Information Management Q1 FY26 Q1 FY25 Change Information Management $m $m % Operating Revenue 60.5 58.5 3.4 EBITDA (before NZ IFRS16) 10.3 10.0 3.0 Add: NZ IFRS16 adjustment 5.8 5.3 9.4 EBIT
Freightways Group — Shareholder Meeting (October 2025) on 6ix