Slide 1: Investor Presentation Q3 2024 Financial Results
INVESTOR PRESENTATION Q3 2024 Financial Results INVESTOR PRESENTATION Q1 2024 Financial Results
Slide 2: Cautionary Note Regarding Forward Looking Statements
Disclaimer | Cautionary Note Regarding Forward Looking Statements This presentation has been prepared solely for informational purposes. The presentation may contain forward looking statements, which reflect our beliefs or current expectations and assumptions regarding the future of the business, fut
Slide 3: Table of contents
Disclaimer | Table of contents 1. Aramex at a Glance 2. Key Highlights of Q3 2024 3. Q3 2024 Product Breakdown 4. Q3 2024 Group Financial Results Page 3
Slide 4: Aramex is a Global Provider of comprehensive Logistics and Transportation Solutions
Aramex Overview | Aramex is a Global Provider of comprehensive Logistics and Transportation Solutions 16,000+ 70 600+ USD 1.26bn USD 897M Employees Countries Offices Revenues 9M 2024 Market Cap on 30 September 2024 International Express Freight Forwarding With Aramex International Express, sending t
Slide 5: Aramex Global Footprint
Regions | Aramex Global Footprint Eu Czech Republic Ireland Netherlands United Kingdom NORTH America MENAT United States of America Canada North Asia China Algeria Libya Hong Kong Egypt Morocco Georgia Iraq Palestine Sudan GCC Bahrain Jordan Tunisia Kuwait Lebanon Turkey Oman Qatar Saudi Arabia Unit
Slide 6: Key investment highlights
Aramex Overview | Key investment highlights Product Competitive Growth diversification advantage prospects A leading transportation player, with Our end-to-end service offering - Well -positioned to capture domestic and cross border expertise, as across courier express, freight, growth at a higher r
Slide 7: In the Middle East of It All
IN THE MIDDLE EAST OF IT ALL AN ARAMEX DOCUMENTARY | 40 YEARS OF OPERATIONS Click here to watch the video.
Slide 8: Q3 & 9M 2024 Key Highlights
aramex | Q3 & 9M 2024 Key Highlights
Slide 9: Aramex Delivers Strong Q3 2024 Results with Double-Digit Revenue Growth
Aramex Delivers Strong Q3 2024 Results with Double-Digit Revenue Growth Across All Product Lines USD 434 mn USD 102 mn | 23% USD 19 mn | 4% USD 7 mn| 2% Revenue Gross Profit and Margin EBIT and Margin Net Profit and Margin ( 18% YoY) ( 11% YoY | 1.4pps) ( 52% YoY | 1.0 pps) ( 177% YoY | 1.
Slide 10: 9M 2024 Update: Recovery story continues
9M 2024 Update: Recovery story continues $1.26bn 24% $251mn $21mn +11% -80bps +5% +45% YoY YoY YoY YoY Revenue Gross Profit % SG&A Net Profit
Slide 11: Product Breakdown
Product Breakdown
Slide 12: International Express Volumes
Financial & Performance Highlights | International Express Volumes International Express Volumes (in million of shipments) Geographic contributions to int’l express volumes in Q3 2024 34% 6.5 +34% +33% 0.0 0.1 0.1 0.0 0.0 0.0 0.6 7.6 7.8 20.9 4.9 0.8 6.7 6.5 15.7 4.9 Q3 2023 Q4 2023 Q1 2024 Q2 2024
Slide 13: International Express Financials
Financial & Performance Highlights | International Express Financials Quarter Financials (in USD thousands) Revenue and GP Margin Evolution Q3 2023 Q3 2024 Change 179 176 154 153 139 160 153 Revenue 200 Revenue (in USDm) 139,397 153,112 10% Total Direct Cost 100 89,702 104,454 16% 0 Gross Profit 49,
Slide 14: Domestic Express Volumes
Financial & Performance Highlights | Domestic Express Volumes Quarterly Domestic Volumes (in million of shipments) Geographic contributions to domestic volumes in Q3 2024 Group Domestic volumes 18% 28.9 +18% +9% 24.5 0.3 -0.1 0.0 0.0 0.0 0.0 2.5 1.6 24.5 26.6 26.2 25.1 28.9 73.4 80.2 Q3 Q4 Q1 Q2 Q3
Slide 15: Domestic Express Financials
Financial & Performance Highlights | Domestic Express Financials Quarter Financials (in USD thousands) Revenue and GP Margin Evolution Q3 2023 Q3 2024 Change 122 200 98 96 96 98 104 102 Revenue 96,007 122,157 27% Revenue Total Direct Cost 76,358 92,588 21% 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Gross Profit 19,649
Slide 16: Express Product (International + Domestic)
Financial & Performance Highlights | Express Product (International + Domestic) Quarter Financials (in USD thousands) Express Volume, Revenue and Margin Evolution Q3 2023 Q3 2024 Change 9M 2023 9M 2024 Change Revenue (in million) Volumes (in millions) Revenue 235,405 275,269 17% 736,591 817,496 11%
Slide 17: Freight Forwarding Volumes
Financial & Performance Highlights | Freight Forwarding Volumes Freight Forwarding Volumes Commentary Q3 2023 Q3 2024 Change 9M 2023 9M 2024 Change • Freight delivered good growth in volumes across air, land Air Freight Kgs 10,901,706 11,320,925 LTL, and sea LCL. The situation at Red Sea remains 4%
Slide 18: Freight Forwarding Financials
Financial & Performance Highlights | Freight Forwarding Financials Quarter Financials (in USD thousands) 9-Month Financials (in USD thousands) Q3 2023 Q3 2024 Change 9M 2023 9M 2024 Change Revenue 100,177 122,443 22% Revenue 302,770 342,943 13% Total Direct Cost 84,299 107,887 28% Total Direct Cost
Slide 19: Logistics
Financial & Performance Highlights | Logistics Quarter Financials (in USD thousands) Logistics Margins Q3 2023 Q3 2024 Change 9M 2023 9M 2024 Change GP% EBITDA% Revenue 28,539 32,215 13% 86,607 90,559 5% Total Direct Cost 25,367 26,589 5% 74,585 77,122 3% 40 36% Gross Profit 3,173 5,626 77% 12,022 1
Slide 20: Group Financial Results
Group Financial Results
Slide 21: Product Contribution to Revenue and Gross Profit
Financial & Performance Highlights | Product Contribution to Revenue and Gross Profit Q3 2024 vs Q3 2023 (in USD million) Contribution to Group (in % of total) Revenues by Segment (USD m) 7% Y-o-Y 1% Growth 10% 27% 22% 13% 8% 35% REVENUE Express 28% Q3 2024 Domestic +18% Freight Forwarding 367 14 26
Slide 22: Group Highlights Q3 2024
Financial & Performance Highlights | Group Highlights Q3 2024 Revenue (USD 000) Gross Profit (USD 000) SG&A (USD 000) +18% 24.8% 23.4% • Aramex saw solid revenue contribution from 21.4% 19.6% all products with Group Revenue growing 433,577 18% year on year (YoY) in Q3 2024 attributed to volume growt
Slide 23: Regional Breakdown | Q3 2024 vs Q3 2023
Regional Breakdown | Q3 2024 vs Q3 2023 Regions (in thousands USD) GCC MENAT Europe America Rev Ctrb to Group 41% Rev Ctrb to Group 14% Rev Ctrb to Group 10% Rev Ctrb to Group 8% Rev & Grth 177,200 21% Rev & Grth 60,546 33% Rev & Grth 42,873 (2%) Rev & Grth 35,829 (7%) GP & Grth 41,014 17% GP & Grth
Slide 24: Group Free Cash Flow
Financial & Performance Highlights | Group Free Cash Flow FCF Evolution 𝐹𝑟𝑒𝑒 𝐶𝑎𝑠ℎ 𝐹𝑙𝑜𝑤 = 𝐶𝑎𝑠ℎ 𝐹𝑙𝑜𝑤 𝑓𝑟𝑜𝑚 𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 − (𝐿𝑒𝑎𝑠𝑒 𝑅𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡𝑠 + 𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝐸𝑥𝑝𝑒𝑛𝑠𝑒 𝑅𝑂𝑈) - CapEx • Free Cash Flow (FCF) in Q3 2024 was USD 14 million. • The increase…
Slide 25: Focus on Improving Value Creation | 9M 2024 vs 9M 2023
Focus on Improving Value Creation | 9M 2024 vs 9M 2023 +11% 10.2% 5.0% 2.1x $14m yoy -10bps +20bps -0.3x -61% yoy yoy yoy yoy Revenue EBITDA ROIC Net Debt to FCF Growth Margin EBITDA (incl. IFRS16)
Slide 26: 2024 Financial priorities
Approximately 9% Stable Group GP Margin Develop Premium and Revenue growth in 2024. and SG&A structure, Deferred service unlocking further value offerings in bottom line. 2024 Financial priorities Debt repayment of USD Capex run rate at $43 million in 2024. 2% of revenues. Approximately 27% ETR. Pag
Slide 27: Investor Relations Contacts
Investor Relations Contacts Nicolas Sibuet InvestorRelations@aramex.com Chief Financial Officer Investor Tel + 971 4 211 8464 Relations Dubai - UAE aramex.com/investors Anca Cighi Investor Relations Officer Page 28