Zim Integrated Shipping Services Ltd. · NYSE:ZIM
Zim Integrated Shipping Services — Q2 2025 Earnings Presentation
21 slides from Zim Integrated Shipping Services's earnings presentation, Aug 20, 2025
Slide 1: Investor Presentation Q2 2025 Financial Results
Investor Presentation Q2 2025 FINANCIAL RESULTS August 20, 2025
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in including the utilization of larger vessels within certain trade zones and modifications made in light of the U.S. Private Securities Litigation Reform Act
Slide 3: Q2 2025: Characterized by Highly Volatile Market
Q2 2025: Characterized by Highly Volatile Market During uncertain market environment… • Disruptions and volatility driven by U.S. tariff announcements • Significant fluctuations in demand and freight rates • Relatively weak Transpacific demand ZIM remains committed to strategic execution • Modern fl
Slide 4: Q2 2025 Financial Highlights
Q2 2025 Financial Highlights Revenue Net Income Adj EBITDA Adj EBIT $1.64 Bn $24 Mn $472 Mn $149 Mn (-15%) (-94%) (-38%) (-69%) Margin Margin 29% 9% Cash Flow from Operations Total Liquidity Total Equity $441 Mn (30.06.2025) (30.06.2025) (-43%) $2.87 Bn $3.90 Bn Note: Figures in parentheses reflect
Slide 5: FY 2025 Outlook: Guidance Midpoints Increased
FY 2025 Outlook: Guidance Midpoints Increased* FY 2025 Q2 2025 Guidance Dividend Adjusted EBITDA $0.06/Share $1.8 Bn to $2.2 Bn ~$7 Mn (~30% of Q2.25 net income) Adjusted EBIT $550 Mn to $950 Mn * Previous guidance: Adjusted EBITDA of $1.6 billion to 2.2 billion and Adjusted EBIT of $350 million to
Slide 6: Operational & Commercial Strategy Focused on Enhancing ZIM's Business Resilience
Operational & Commercial Strategy Focused on Enhancing ZIM's Business Resilience Global niche Modern Fleet strategy fleet strategy • Grow position in target • Cost competitive & Maintain long term fleet trades fuel efficient competitiveness • Diversify geographic • 50% newbuild footprint 40% LNG* •
Slide 7: Key Operational and Financial Indicators
Key Operational and Financial Indicators Operational Q2-25 H1-25 Cash Flow Q2-25 H1-25 Balance Sheet 30-6-2025 Carried volume 895 1,839 Free cash flow 426 1,213 Total debt 5,901 (K TEUs) (-6%) (+2%) ($ Mn) (-286) (+198) ($ Mn) (-115) 1,479 1,632 Cash 90% 97% Cash, bank deposit Freight rate 2,870 ($/
Slide 8: ZIM Fleet Profile
ZIM Fleet Profile 137 Vessels * 767K TEU ~40% LNG- powered ~50% newbuild 123 containerships 14 car carriers Optionality to Re YTD 2025 12 chartered vessels 2025 12 additional vessels up for renewal (64K TEU) Adjust Fleet Size deliveries 2026 22 vessels up for renewal (70K TEU) * Current operated cap
Slide 9: Q2 2025 Financial Highlights
Q2 2025 Financial Highlights XX% - margin 4% +5% 39% -38% -15% 40% 29% 34% 34% Adjusted Revenue 1,933 1,636 3,495 3,642 EBITDA 766 472 1,193 1,251 ($Mn) ($Mn) Q2.24 Q2.25 H1.24 H1.25 Q2.24 Q2.25 H1.24 H1.25 -7% -69% -31% -94% 25% 9% 19% 17% 9% Adjusted Net Income 488 149 655 612 373 24 465 320 EBIT
Slide 10: Volume Breakdown By Geographic Trade Zone
Volume Breakdown By Geographic +2% 1,839 Trade Zone (K TEU) 1,799 242 278 356 392 -6% 952 276 270 895 126 Latin America 137 153 161 183 Intra-Asia 199 Atlantic 137 129 Cross-Suez 83 76 772 738 Pacific 423 354 Q2.2024 Q2.2025 H1.2024 H1.2025 10 Investor Presentation Q2 2025 highlights Financial highl
Slide 11: Q2 2025 Cash Flow Bridge
Q2 2025 Cash Flow Bridge ($Mn) 441 -15 426 -471 -470 -500 15 Cash Flow from CAPEX, net Free Cash Flow Dividends Debt Service Others Net change in Operations Cash Position 11 Investor Presentation Q2 2025 highlights Financial highlights 2025 guidance Market update Summary
Slide 12: H1 2025 Cash Flow Bridge
H1 2025 Cash Flow Bridge ($Mn) 1,296 -83 1,213 -471 -1,052 -270 40 Cash Flow from CAPEX, net Free Cash Flow Dividends Debt Service* Others Net change in Operations Cash Position * Debt service during the period includes $72 million reflecting repayment of lease liabilities related to two acquired se
Slide 13: 2025 Guidance Revised: Increasing Guidance Midpoints
2025 Guidance Revised: Increasing Guidance Midpoints Adjusted EBITDA $1.8 Bn to $2.2 Bn Adjusted EBIT $550 Mn to $950 Mn Assumptions Original FY 2025 Updated FY 2025 outlook outlook Freight rates significantly lower unchanged Operated capacity continue operating constant capacity unchanged Volume si
Slide 14: Supply Demand Balance Point to Oversupply; Disruptions Cause Effective Shortage
Supply Demand Balance Point to Oversupply; Disruptions Cause Effective Shortage Supply/Demand Balance 30M 10.3% 10% 8.6% 8.1% Supply side • Red Sea Diversion 7.6% 20M 6.3% 5.8% 7.2% 4.5% 6.3% disruptions • Port congestion 1.8% 4.0% 3.8% 4.7% 2.0% 3.8% 2.9% 4.5% 4.1% 1.7% 2.5% -0.3% 1.8% -1.1% 0.3% 0
Slide 15: No Signs of Inventory Buildup in H1 2025; Yet Tariff Uncertainty Leads to Soft Demand
No Signs of Inventory Buildup in H1 2025; Yet Tariff Uncertainty Leads to Soft Demand Ahead of Peak Season Demand (avg weekly TEU) vs. US retail trade Asia to USA (TEU per month) inventory/sales ratio 450K 1.7 2.1M 400K 1.6 1.9M 350K 1.5 1.7M 300K 1.4 1.5M 218K Weekly TEU 250K 200K 1.3 1.3M 1.31 150
Slide 16: Q&A Session
Q&A Session 16 Investor Presentation Q2 2025 highlights Financial highlights 2025 guidance Market update Summary
Slide 17: ZIM Well Positioned to Navigate Volatility
ZIM Well Positioned to Navigate Volatility Modern, cost- Commercial & Strong Balance effective fleet operational Sheet & agility Liquidity Strategic focus to enhance business resilience Build long term sustainable value for shareholders 17 Investor Presentation Q2 2025 highlights Financial highlight
Slide 18: Appendix
Appendix 18 Investor Presentation
Slide 19: Use of Non-IFRS Financial Measures
Use of Non-IFRS Financial Measures The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute
Slide 20: Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBIT
Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBIT ($ in Mn) Q2’25 Q2’24 Q2’23 RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBIT* Net income (loss) 24 373 (213) Financial expenses, net 100 93 104 Income taxes 26 2 (59) Operating income (loss) (EBIT) 149 468 (168) Capital loss (gain
Slide 21: Thank you
Thank you
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