Slide 1: MOVE Logistics Group FY25 Results
MOVE LOGISTICS GROUP LIMITED FY25 RESULTS Paul Millward, Chief Executive Officer Lee Banks, Chief Financial Officer 29 August 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by MOVE Logistics Group Limited (“MOV”). The information in this presentation is of a general nature only. It is not a complete description of MOV. This presentation is not a recommendation or offer of financial products for subscription, purchase or sa
Slide 3: Agenda
Agenda • FY25 at a glance • Accelerate transformation progress • Business performance • Financial results • Looking forward • Q&A FY25 Results Presentation 3 3
Slide 4: Our vision: To be the preferred freight and logistics company
MOVE is one of the largest domestic freight, warehousing and logistics solutions providers in New Zealand Our vision: To be the preferred freight and logistics company in Aotearoa New Zealand Our mission: To keep our customers moving FY25 Results Presentation 4
Slide 5: Delivered on financial targets
Delivered on financial targets Normalised Earnings Before Tax (NEBT) significantly ahead of prior year Achieved positive net adjusted operating cashflow Good progress being made, more to do to realise full value for shareholders, clear plan in place FY25 Results Presentation 5
Slide 6: FY25 Financial Highlights
FY25 Financial Highlights Results reinforce momentum of transformation programme REVENUE EARNINGS 1 GROSS MARGIN RETAINED REVENUE IN WEAK SIGNIFICANT IMPROVEMENT IN 2H GROSS MARGIN % THE ECONOMY NORMALISED EBT (NEBT) HIGHEST IN TWO YEARS Positive gross margin expansion Focus on delivering for Step c
Slide 7: The Accelerate Transformation Programme
The Accelerate Transformation Programme Two year programme launched June 2024 – significant progress being delivered PROFITABLE REVENUE RECALIBRATE THE BUSINESS BALANCE SHEET RESILIENCE GROWTH Costs Down Increase Revenue Stronger Balance Sheet Productivity Up Improve Margins Improve Cashflow • Cost
Slide 8: Accelerate Progress: One year in
Accelerate Progress: One year in Positive momentum on transformation, clear forward action plan - Paul Millward as CEO from August 2024 Strengthened leadership team - Key business GM positions filled from early 2025 - People, Oceans and Cost & Value workstreams completed Clear transformation plan we
Slide 9: Positive momentum under transformation plan
Positive momentum under transformation plan 4Q25 quarterly earnings (NEBT) the strongest in two years Total Sales Revenue Gross Margin $ -2.6% yoy +13.4% yoy Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Normalised Earnings Before Tax (NEBT) Gross Ma
Slide 10: Business Performance
BUSINESS PERFORMANCE Move
Slide 11: Operating backdrop during FY25
Operating backdrop during FY25 Economic recovery stalled; headwinds persist The transformation programme is providing resilience and positioning MOVE strongly for economic upswing Economic environment Cost pressures • Biggest recessionary environment since early • Inflation moderating, however, cost
Slide 12: Freight and Fuel
Freight and Fuel Revenue: $188.8m Normalised EBT: $(1.7)m Significant NEBT improvement now being delivered. Four consecutive quarters of earnings and GM% growth Revenue • Jeff Vincent commenced as GM in January 2025 188.8 177.7 NZ$m • YOY revenue growth despite low demand and a competitive market •
Slide 13: Warehousing
Warehousing Revenue: $53.7m Reset of business underway with new leadership. Well positioned to Normalised EBT: $(5.8)m deliver quality, cost effective solution with national network and integrated freight offer Revenue • Poor result in a challenging market - revenue, earnings and margin 80.0 squeeze
Slide 14: Specialist
Specialist Revenue: $18.2m Normalised EBT: $2.3m Consistently strong performance with healthy pipeline of work in Revenue place. 18.2 17.0 • YOY increases in revenue, earnings and margin NZ$m • Soft market activity continuing, particularly affecting construction and infrastructure projects. Some pro
Slide 15: International
International Revenue: $25.7m Normalised EBT: $0.3m Oceans business (trans-Tasman shipping) building momentum with strong customer partnerships; Freight forwarding and Revenue other services down YOY 25.7 Oceans 19.1 NZ$m • Moved to time charter model with faster, larger vessel - commencing from Sep
Slide 16: Financial Results
FINANCIAL RESULTS FY25 Results Presentation 16
Slide 17: FY25 Group Summary
FY25 Group Summary Margin gains and earnings improvement across majority of businesses $Millions FY25 FY24 Sales Revenue 286.3 293.9 • YOY improvement in earnings, margins and Total Income operating cashflow 288.7 301.7 Normalised EBITDA1 • Delivered on FY25 financial targets 42.1 27.6 Normalised EB
Slide 18: Broad, structural reduction in operating expenses
Broad, structural reduction in operating expenses ~$27m reduction in operating expenses YOY Structural cost out programme delivering 274.0 value: • People cost savings of ~$15m -15.5 6.5 • Reduced transport costs as a percentage 246.7 of Freight revenue (down 5.1pp) -3.1 -14.9 -0.4 • Strong focus on
Slide 19: Gross Margin
Gross Margin YOY Quarterly Gross Margin Improvement Gross Margin %: +4.1pp Gross Margin $ 22.8 Gross Margin $: up 13.4% 20.3 20.1 20.3 19.5 18.8 17.9 17.4 • YOY improvement in gross margin % and $, despite relatively flat revenue result • Driven by effective cost out and efficiency Q1 Q2 Q3 Q4 progr
Slide 20: Improvement in earnings
Improvement in earnings Normalised EBT +61%, EBT +69% Strongest quarterly NEBT result in 2 years 15.3 1.8 0.8 2.5 -10.0 -4.8 -4.2 -14.2 • Four consecutive quarters of NEBT 19.7 improvement $M -25.7 • Focus on structural cost out, productivity and efficiency driving gains • Three of four businesses d
Slide 21: Funding and capital
Funding and capital • Successful new funding partnerships established in August 2024 - combination of bank facility and invoice finance funding – combined facility of up to $33m • February 2025 - extended our bank facility to August 2026, strong partnership with ANZ • Board continues to closely moni
Slide 22: Looking Forward
LOOKING FORWARD Move
Slide 23: Our Goals: Measures of Success
Our Goals FINANCIAL A STRONG DELIGHT EFFECTIVE STRENGTH TEAM THAT OUR USE OF OUR AND VALUE DELIVERS CUSTOMERS ASSETS CREATION MEASURES OF SUCCESS • Safety-first culture • Customer satisfaction • Route profitability • Profitable revenue growth • High engagement • DIFOT/PIFOT • Network footprint • Gro
Slide 24: New Horizons 4-year roadmap: FY25 to FY28
New Horizons 4-year roadmap: FY25 to FY28 RE-SET STEP UP STAND OUT FY25 - FY26 FY26 – FY27 FY28 A strong foundational platform Customer value and operational Preferred logistics provider; scaling excellence; smart business growth up; a market leader Complete the Accelerate • Quality customer experie
Slide 25: FY26 Priorities: Re-set to Step Up
FY26 PRIORITIES: RE-SET TO STEP UP STRONG FOUNDATIONAL PLATFORM WINNING IN MARKET WINNING FREIGHT WAREHOUSING CAPABILITY WITH BUILD VALUE STEP CHANGE STRENGTHEN CUSTOMERS • Smarter delivery for • Revenue uplift • Team strength – One MOVE • Excellent customer better outcomes • Strong customer service
Slide 26: FY26 Outlook
FY26 Outlook Market outlook • Economy remains soft, timing and speed of economic recovery unclear, improvement expected in 2026 • Long term macro drivers remain positive Moving from cost out to value creation focus in FY26 • Transition from Re-set to Step Up • Progress underpinned by clear four-year
Slide 27: Appendices
APPENDICES FY25 Results Presentation 27
Slide 28: Financial Measures
Financial Measures $Millions FY25 FY24 Net profit/(loss) before income tax (GAAP measure) (14.2) (45.3) MOVE Logistics Group uses several non-GAAP measures when Add back: discussing financial performance and believe these provide a Restructuring and settlement costs 3.3 2.4 better reflection of the
Slide 29: NZ Freight and Logistics Market Size
NZ Freight and Logistics Market Size Est. $16 billion-plus by 2029 Freight Road freight 2025 estimated market size $10.2 billion Projected CAGR 5.7% Warehousing & storage 2025 estimated market size Warehousing $1.2 billion Projected CAGR 4.5% Specialist Fuel Other Estimated market size (revenue); Ro
Slide 30: Weak economy impacting revenue
Weak economy impacting revenue Approx. 70% of MOVE’s top 20 clients are in the Retail sector Retail Sales 30000 Quarterly GDP Growth % 5 28000 4 26000 3 2 24000 1 0 22000 Jun-21 Jun-22 Jun-23 Jun-24 Mar-21 Sep-21 Dec-21 Mar-22 Sep-22 Dec-22 Mar-23 Sep-23 Dec-23 Mar-24 Sep-24 Dec-24 Mar-25 -1 20000 -
Slide 31: MOVE makes logistics easy for customers
MOVE makes logistics easy for customers End to end supply chain and logistics management 3PL PROVIDER MARKET LEADER IN SPECIALISED SERVICES FREIGHT WAREHOUSING INTERNATIONAL FUELS SPECIALIST We are one of the We offer contracted We are global logistics Our specialist road We move oversized and large
Slide 32: Sound business fundamentals
SOUND BUSINESS FUNDAMENTALS Nationwide network and specialised expertise Multi-modal, end to end supply chain solutions Customer focused, culture of service excellence Experienced and passionate team Competitive, value for money, reliable and resilient provider FY25 Results Presentation 32
Slide 33: Our leadership team has broad and deep experience
Our leadership team has broad and deep experience Paul Millward Lee Banks Steph Rigter Ricky Clark Nick Ward CEO CFO GM People & Culture GM Sales GM Technology Jeff Vincent Marc Blackburn Anthony Browne Warwick Bell GM Freight GM Warehousing GM Oceans GM Specialist Lifting FY25 Results Presentation
Slide 34: MOVE Oceans
MOVE Oceans Trans-Tasman shipping • MV Brio Faith completes a monthly service trans-Tasman NZ/AU • 7 core port calls • 5,650 nautical miles covered each schedule • 9,032 dead-weight-tonne vessel • 7,800 tonne of cargo capacity • 3 anchor customers recently renewed FY25 Results Presentation 34