Slide 1: Investor Presentation Q1 2024 Financial Results
INVESTOR PRESENTATION Q1 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 Q1 2024 3. Q1 2024 Product Breakdown 4. Q1 2024 Group Financial Results Page 3
Slide 4: Aramex Overview
Aramex Overview | Aramex is a Global Provider of comprehensive Logistics and Transportation Solutions 16,000+ 70 600+ USD 419.5M USD 969M Employees Countries Offices Revenues Q1 2024 Market Cap on 31 March 2024 International Express Freight Forwarding With Aramex International Express, sending time-
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: Q1 2024 Key Highlights
Q1 2024 Key Highlights
Slide 10: Q1 2024 Key Highlights
Q1 2024| Key Highlights $420mn $83mn 25.7% $13mn +8% +4% +70bps +95% YoY YoY YoY YoY Revenue SG&A Gross Profit % Net Income
Slide 11: Aramex doubles Net Profit in Q1 2024
Q1 2024| Key Highlights Aramex doubles Net Profit in Q1 2024 International Express Volumes are up 44% YoY setting another record quarter • Aramex saw solid revenue contribution from all products with Group Revenue growing by 8% year on year (YoY) in Q1 2024 attributed to new customer wins, seasonali
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 in Q1 2024 44% +44% 0.0 -0.8 7.8 0.1 0.0 0.1 0.0 7.8 2.7 7.6 5.4 0.4 5.4 5.5 4.9 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 202
Slide 14: International Express Financials
Financial & Performance Highlights | International Express Financials Quarter Financials (in USD thousands) Revenue and GP Margin Evolution 200,000 Revenue 100,000 Q1 2023 Q1 2024 Change 0 Revenue 154,272 175,844 14% Q4 Q1 Q2 Q3 Q4 Q1 Total Direct Cost 104,227 116,168 11% 2022 2023 2023 2023 2023 20
Slide 15: Domestic Express Volumes
Financial & Performance Highlights | Domestic Express Volumes Quarterly Domestic Volumes (in million of shipments) Geographic contributions to domestic volumes in Q1 2024 Group Domestic volumes 7% 24.6 26.2 +7% 0.4 0.3 -0.2 0.0 0.0 0.0 0.0 1.1 24.6 24.2 24.5 26.6 26.2 Q1 Q2 Q3 Q4 Q1 Q1 2023 GCC MENA
Slide 16: Domestic Express Financials
Financial & Performance Highlights | Domestic Express Financials Quarter Financials (in USD thousands) Revenue and GP Margin Evolution 200,000 Revenue Q1 2023 Q1 2024 Change Excl. FX Revenue 98,473 103,525 5% 9% 0 Q4 Q1 Q2 Q3 Q4 Q1 Total Direct Cost 74,611 77,714 4% 2022 2023 2023 2023 2023 2024 Gro
Slide 17: Freight Forwarding
Financial & Performance Highlights | Freight Forwarding Quarter Financials (in USD thousands) Freight Margins and Volumes Change Change Q1 2023 Q4 2023 Q1 2024 GP% (YoY) (QoQ) 20 16% 16% 16% 15% 14% 14% Revenue 104,948 104,535 108,517 3% 4% 15 EBITDA% Total Direct Cost 88,297 90,030 93,124 5% 3% 10
Slide 18: Logistics
Financial & Performance Highlights | Logistics Quarter Financials (in USD thousands) Logistics Margins Q1 2023 Q1 2024 Change Excl. FX GP% EBITDA% Revenue 29,147 29,027 (0%) 1% 40 36% Total Direct Cost 24,735 24,580 (1%) Gross Profit 4,412 4,447 1% 30 23% 22% GP% 15% 15% 19% 19% 20% 20 15% 15% 15% 1
Slide 19: Group Financial Results
Group Financial Results
Slide 20: Product Contribution to Revenue and Gross Profit
Financial & Performance Highlights | Product Contribution to Revenue and Gross Profit Q1 2024 vs Q1 2023 (in USD million) Contribution to Group (in % of total) Revenues by Segment (USD m) 7% Y-o-Y 1% Growth 14% 5% 3% 0% -11% REVENUE 26% 42% Express Q1 2024 Domestic +8% Freight Forwarding 390 420 22
Slide 21: Group Highlights Q1 2024
Financial & Performance Highlights | Group Highlights Q1 2024 Revenue (USD 000) SG&A (USD 000) Gross Profit (USD 000) +8% • Aramex saw solid revenue contribution from all 20.5% 19.9% 25% 25.7% products with Group Revenue growing by 8% 419,512 year on year (YoY) in Q1 2024 attributed to new 389,777 c
Slide 22: Regional Breakdown | Q1 2024 vs Q1 2023
Regional Breakdown | Q1 2024 vs Q1 2023 Regions (in thousands USD) GCC MENAT Europe America Rev Ctrb to Group 39% Rev Ctrb to Group 18% Rev Ctrb to Group 11% Rev Ctrb to Group 9% Rev & Grth 162,813 7% Rev & Grth 76,373 61% Rev & Grth 46,353 (13%) Rev & Grth 36,137 (13%) GP & Grth 45,179 22% GP & Grt
Slide 23: 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 Q1 2024 was USD 14 million, stable compared…
Slide 24: Focus on Improving Value Creation | Q1 2024 Update
Focus on Improving Value Creation | Q1 2024 Update +8% 11.8% 5.2% 0.8x $14m yoy +110bps +40bps -0.2x -0.7% yoy yoy yoy yoy Revenue EBITDA ROIC Net Debt to FCF Growth Margin EBITDA
Slide 25: Healthy balance sheet, conservative leverage, and strong cash position
Financial & Performance Highlights | Healthy balance sheet, conservative leverage, and strong cash position Balance Sheet Highlights (in USD thousands) 31 Mar 2024 31 Dec 2023 Change Change % Current assets 523,582 526,053 (2,471) -0.5% Assets held for sale 1,149 1,334 (185) -13.9% Non-current asset
Slide 26: 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 26