Freightos Limited · NASDAQ:CRGO
Freightos — Q4 2024 Earnings Presentation
24 slides from Freightos's earnings presentation, Feb 24, 2025
Slide 1: Q4 2024 Earnings Call
Q4 2024 Earnings Call Nasdaq: CRGO February 24, 2025 08:30
Slide 2: Disclaimer
Disclaimer About this Presentation This presentation does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security. Please see our SEC filings for the most up to date information. The information contained herein does not purport to be all-inclusi
Slide 3: Forward-Looking Statements
Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “pr
Slide 4: Agenda
Agenda Prepared Remarks ● Business Overview ● Financial Results ● Q1 & FY 25 Guidance ● Welcome, Pablo Q&A Zvi Schreiber Teresa Carreras Pablo Pinillos CEO FP&A Director Incoming CFO 4
Slide 5: Agenda
Agenda Prepared Remarks ● Business Overview ● Financial Results ● Q1 & FY 25 Guidance ● Welcome, Pablo Q&A Zvi Schreiber CEO 5
Slide 6: Market conditions continued to be favorable
Market conditions continued to be favorable Freightos Air Index Global Benchmark Global Air Cargo Volumes Source: IATA
Slide 7: Strong consistent transactions growth reflects marketplace network effect
Strong consistent transactions growth reflects marketplace network effect 58% CAGR 7
Slide 8: Marketplace buyers and sellers
Marketplace buyers and sellers Carriers Unique Buyer Users Unique buyer users: Unique buyer users represent the number of individual users placing bookings, typically counted based on unique email logins. The number of buyers, which counts unique customer businesses, does not reflect the fact that so
Slide 9: Freightos.com: Delivering importer/exporter efficiency and agility
Freightos.com: Delivering importer/exporter efficiency and agility Real time pricing, CO2 and transit Unified tracking time Documentation and communication Carrier specific management actual capacity Freightos.com Overview Platform for real-time comparison, booking and management of global freight for i
Slide 10: Scaling with unique airline supply
Scaling with unique airline supply 10
Slide 11: Major ocean pricing and quoting progress
Major ocean pricing and quoting progress 11
Slide 12: Supporting the world's most innovative supply chains
Supporting the world’s most innovative supply chains. Instantly tender, price and book global freight across your existing logistics providers and beyond. Compare and book spot rates, contract rates and industry benchmarks in seconds Streamline tenders/rate refreshes and award business LSP/Carrier b
Slide 13: Strong cohort performance by both buyers and sellers
Strong cohort performance by both buyers and sellers Total #Transactions of forwarder cohort as % of bookings Total #Transactions of carrier cohort as % of bookings placed in first quarter placed in first quarter 13
Slide 14: Agenda
Agenda Prepared Remarks ● Business Overview ● Financial Results ● Q1 & FY 25 Guidance ● Welcome, Pablo Q&A Teresa Carreras FP&A Director 14
Slide 15: Q4 & FY 24 Actual vs. Guidance
Q4&FY 24 Actual vs. Guidance Q4 24 A Q4 24 G FY 24 A FY 24 G # Transactions 350.4 338.5 - 348.5 1,301.5 1,289.5 - 1,300.0 GBV ($m) 280.5 257.0 - 265.0 894.0 870.5 - 878.5 Revenue ($m) 6.6 6.4 - 6.5 23.8 23.6 - 23.7 Adjusted EBITDA ($m) (3.1) (3.2) - (3.1) (12.6) (12.7) - (12.6) 15
Slide 16: Monetizing the network value: SaaS-enabled marketplace flywheel
Monetizing the network value: SaaS-enabled marketplace flywheel Solutions revenue is primarily recurring subscriptions for SaaS or data ↑17% y/y ↑28% Platform revenue = fees associated with specific freight-service transactions booked between Buyers and Sellers on our Platform ↑29% y/y ↑21% 16
Slide 17: Highly capital-efficient growth
Highly capital-efficient growth Non-IFRS Gross Margins 17
Slide 18: On track to profitability with cash at hand
On track to profitability with cash at hand Adjusted EBITDA ($K) Adjusted EBITDA Margin Cash and Short term bank deposits ($M) -73% -81% -104% -121% * Represented EBITDA without the Shipsta acquisition, of approximately $2.7M . 18
Slide 19: Q1 & FY 2025 Guidance
Q1 & FY 2025 Guidance Management Expectations Q1 2025 FY 2025 Transactions (k) 362 - 370 1,562 - 1,637 Year over Year Growth 22% - 25% 20% - 26% GBV ($m) 272 - 280 1,142 - 1,195 Year over Year Growth 41% - 45% 28% - 34% Revenue ($m) 6.7 - 6.8 29.0 - 30.6 Year over Year Growth 25% - 27% 22% - 29% Adj
Slide 20: Agenda
Agenda Prepared Remarks ● Business Overview ● Financial Results ● Q1 & FY 25 Guidance ● Welcome, Pablo Q&A Pablo Pinillos Incoming CFO 20
Slide 21: Thanks! Questions
Thanks! ? Questions 21
Slide 22: Reconciliation of IFRS Gross Margin to Non-IFRS
Reconciliation of IFRS Gross Margin to Non-IFRS Three Months Ended Twelve months December 31, December 31, 2024 2023 2024 2023 (unaudited) (unaudited) IFRS gross profit $ 4,453 $ 3,272 $ 15,500 $ 11,802 Add: Share-based compensation 65 101 378 692 Depreciation and amortization 373 309 1,345 1,180 Non
Slide 23: Reconciliation of IFRS Loss to Adjusted EBITDA
Reconciliation of IFRS Loss to Adjusted EBITDA Three Months Ended Twelve months December 31, December 31, 2024 2023 2024 2023 (unaudited) (unaudited) IFRS loss $ (9,837) $ (3,315) $ (22,491) $ (65,473) Add: Change in fair value of warrants 1,410 (459) 965 (9,440) Financing income, net (259) (722) (2
Slide 24: Learn more at freightos.com/investors
Learn more at freightos.com/investors 24