Aramex Pjsc · DFM:ARMX
Aramex Pjsc — Aramex — Q4 2024 Earnings Presentation
28 slides from Aramex Pjsc's earnings presentation, Feb 18, 2025
Slide 1: Investor Presentation Q4 & FY 2024 Financial Results
INVESTOR PRESENTATION Q4 & FY 2024 Financial Results Presented on 18 February 2025 INVESTOR PRESENTATION Q1 2024 Financial Results
Slide 2: Disclaimer | 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 for the Period 3. Product Breakdown 4. Group Financial Results Page 3
Slide 4: Aramex Overview | Global Provider of Logistics and Transportation Solutions
Aramex Overview | Aramex is a Global Provider of comprehensive Logistics and Transportation Solutions 16,000+ 70 600+ USD 1.7bn USD 877M Employees Countries Offices Revenues FY 2024 Market Cap on 31 December 2024 International Express Freight Forwarding With Aramex International Express, sending tim
Slide 5: Regions | 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: Business Highlights | Product Dynamics Summary
Business Highlights| Product Dynamics Summary International express Domestic express • Macroeconomics and geopolitics impact consumer spending • Focus on gaining market share while leveraging existing infrastructure. Continue • Focus on key international trade lanes (US and Europe) into our home mar
Slide 7: Aramex Overview | 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 8: 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 9: Q4 & FY 2024 Key Highlights
aramex | Q4 & FY 2024 Key Highlights
Slide 10: Aramex FY-2024 Financial Results
Aramex FY-2024 Financial Results Aramex Delivers Double-Digit Topline Performance for FY 2024, Driven by Consistent Volume Growth Across Key Products USD 1.7 bn USD 412 mn | 24% USD 81 mn | 5% USD 39 mn| 2% Revenue Gross Profit and Margin EBIT and Margin Net Profit and Margin ( 11% YoY) ( 6% YoY |
Slide 11: Q4 2024 Update: Recovery story continues
Q4 2024 Update: Recovery story continues $462m 23.5% $83m $21m +11% -200bps +2% +143% YoY YoY YoY YoY Revenue Gross Profit % SG&A FCF
Slide 12: Product Breakdown
Product Breakdown
Slide 13: International Express Volumes
Financial & Performance Highlights | International Express Volumes International Express Volumes (in million of shipments) Geographic contributions to int’l express volumes at Q4 2024 -6% +20% 7.6 -6% 1.1 -2.0 7.2 7.8 28.1 0.4 0.3 0.0 -0.1 0.0 7.6 7.2 0.0 6.7 6.5 23.3 Q4 2023 Q1 2024 Q2 2024 Q3 2024
Slide 14: International Express Financials
Financial & Performance Highlights | International Express Financials Quarter Financials (in USD thousands) Revenue and GP Margin Evolution Q4 2023 Q4 2024 Change 179 176 167 154 153 139 160 153 Revenue 200 Revenue (in USDm) 178,576 167,473 (6%) Total Direct Cost 100 117,145 114,410 (2%) 0 Gross Pro
Slide 15: Domestic Express Volumes
Financial & Performance Highlights | Domestic Express Volumes Quarterly Domestic Volumes (in million of shipments) Geographic contributions to domestic volumes at Q4 2024 Group Domestic volumes 17% +11% 31.0 +17% 26.6 0.4 0.1 0.0 0.0 0.0 0.0 2.0 2.0 26.6 26.2 25.1 28.9 31.0 100.0 111.3 Q4 Q1 Q2 Q3 Q
Slide 16: Domestic Express Financials
Financial & Performance Highlights | Domestic Express Financials Quarter Financials (in USD thousands) Revenue and GP Margin Evolution Q4 2023 Q4 2024 Change 122 131 200 98 96 96 98 104 102 Revenue 98,493 130,885 33% Revenue (in USDm) Total Direct Cost 77,136 99,963 30% 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Gro
Slide 17: Express Product (International + Domestic)
Financial & Performance Highlights | Express Product (International + Domestic) Quarter Financials (in USD thousands) Express Volume, Revenue and Margin Evolution Q4 2023 Q4 2024 Change FY 2023 FY 2024 Change Revenue (in million) Volumes (in millions) Revenue 277,069 298,357 8% 1,013,661 1,115,853 1
Slide 18: Freight Forwarding Volumes
Financial & Performance Highlights | Freight Forwarding Volumes Freight Forwarding Volumes Commentary Q4 2023 Q4 2024 Change FY 2023 FY 2024 Change • Freight delivered good growth in volumes across air, land Air Freight Kgs 11,958,881 11,217,523 -6% 44,832,629 45,970,419 3% and sea for the full year
Slide 19: Freight Forwarding Financials
Financial & Performance Highlights | Freight Forwarding Financials Quarter Financials (in USD thousands) FY 2024 Financials (in USD thousands) Q4 2023 Q4 2024 Change FY 2023 FY 2024 Change Revenue 104,535 126,472 21% Revenue 407,305 469,415 15% Total Direct Cost 90,030 110,669 23% Total Direct Cost
Slide 20: Logistics
Financial & Performance Highlights | Logistics Quarter Financials (in USD thousands) Logistics Margins Q4 2023 Q4 2024 Change FY 2023 FY 2024 Change GP% EBITDA% Revenue 30,184 33,418 11% 116,791 123,977 6% Total Direct Cost 24,430 27,696 13% 99,016 104,818 6% 36% 40 Gross Profit 5,754 5,722 (1%) 17,
Slide 21: Group Financial Results
Group Financial Results
Slide 22: Product Contribution to Revenue and Gross Profit
Financial & Performance Highlights | Product Contribution to Revenue and Gross Profit Q4 2024 vs Q4 2023 (in USD million) Contribution to Group (in % of total) Revenues by Segment (USD m) 7% Y-o-Y 1% Growth -6% 33% 21% 11% 4% REVENUE 36% 27% Express Q4 2024 Domestic +11% Freight Forwarding 415 462 3
Slide 23: Group P&L: Revenue and Gross Profit
Financial & Performance Highlights | Group P&L Revenue (USD million) Gross Profit (USD million) • Aramex saw solid revenue contribution from +11% 25.5% 23.5% 25.1% 23.9% all products with Group Revenue growing 11% year on year (YoY) at Q4 and FY 2024, 1,722 attributed to volume growth and the 1,550
Slide 24: Group P&L: EBITDA and Net Profit
Financial & Performance Highlights | Group P&L EBITDA (USD million) Net Profit(USD million) 13.0% 10.5% 11.0% 10.3% 5.0% 3.9% 2.3% 2.2% +4% 10% 171 177 -14% 35 39 -10% 21 18 54 48 X% Represents Margin in % of Revenue Q4 2023 Q4 2024 FY 2023 FY 2024 Q4 2023 Q4 2024 FY 2023 FY 2024 • For the period en
Slide 25: Regional breakdown
Financial & Performance Highlights | Regional breakdown Regions (in thousands USD) GCC MENAT Europe America Rev Ctrb to Group 39% Rev Ctrb to Group 15% Rev Ctrb to Group 10% Rev Ctrb to Group 9% Rev & Grth 679,868 14% Rev & Grth 262,172 23% Rev & Grth 180,714 (6%) Rev & Grth 149,779 (6%) GP & Grth 1
Slide 26: 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) at Q4 2024 was USD 21 million, a significant…
Slide 27: Focus on Improving Value Creation | FY 2024 vs FY 2023
Focus on Improving Value Creation | FY 2024 vs FY 2023 +11% 11% 4.8% 2.9x $21m yoy yoy +00bps -0.4x 143% yoy yoy yoy Revenue EBIT ROIC Debt to FCF Growth Growth EBITDA (incl. IFRS16)
Slide 28: 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 29