Slide 1: Q2 2026 Results
Q2 2026 Results Tobias Meyer, Group CEO Melanie Kreis, Group CFO DHL Group Investor Relations Bonn, 5 August 2026
Slide 2: Q2 2026 Highlights
Q2 2026 Highlights Guidance raised on July 7th - SBB increased to up to €6.5bn Q2 2026 Results Accelerating Growth Sustainable Growth • Group revenue growth • Global trade growth accelerating • Unchanged focus on cost accelerating to 13% yoy as 2025 geopolitical factors management, yield measures an
Slide 3: Group revenue growth accelerating to 13% yoy
Group revenue growth accelerating to 13% yoy Global trade growth accelerating as 2025 geopolitical factors annualize DHL Group, revenue growth DHL Express, Weight per Day growth (WpD) Group revenue, yoy organic (excl. FX and M&A) Time Definite International WpD, yoy Group revenue, yoy reported 13.1%
Slide 4: Strategy 2030 in full execution
Strategy 2030 in full execution Top-line Growth Accelerators Profitability Accelerators DHL Group Investor Relations | Q2 2026 Results | 5 August 2026 4
Slide 5: Growth Accelerators: Strategy 2030 Divisional Growth Focus
Growth Accelerators: Strategy 2030 Divisional Growth Focus Example – Express Smart Industrial Growth Express industry has gradually gained share of the overall air freight market Express Air Freight share (in %) (in k tons) • Enabling optimized network steering 30 30 between growth, yield and capaci
Slide 6: Smart Industrial Growth: Express Heavy Weight Customer Use-cases
Smart Industrial Growth: Express Heavy Weight Customer Use-cases HWX Use Cases, examples Downtime Avoidance Complex Supply Chains Program Launch #01 #02 #03 What does it mean for our customers? Average WpS: ~900 kg Average WpS: 300-500 kg Average WpS: 250-750 kg • Reliability that protects CUSTOMER
Slide 7: Growth Accelerators: Investments in Strategy 2030 Group Initiatives
Key examples, not exhaustive Growth Accelerators: Investments in Strategy 2030 Group Initiatives Addressing divisional & cross-divisional growth opportunities by leveraging Group strengths New Energy Data Center Logistics (DCL) Life Sciences & Healthcare (LSH) Energy transition requires Support stro
Slide 8: Profitability Accelerators: Unchanged focus on cost, yield and capital efficiency
Profitability Accelerators: Unchanged focus on cost, yield and capital efficiency Yield Management Fit for Growth Capex & ROIC yoy growth in Parcel Germany EBIT effect in €m in €m in % 22% 2,806 2,777 14.9% 13.8% 15% 15% ~400 13% >600 1,165 1,226 8% 6% 5% 5% 4% >1,000 2% 1,641 1,551 -6% -8% 2020 202
Slide 9: FY2026 Group EBIT guidance increased with preliminary results on July 7th
FY2026 Group EBIT guidance increased with preliminary results on July 7th FY2026 target, in €bn >6.5 ~3.0 3.0-3.3 (from >6.2) FCF excl. Net M&A Gross Capex excl. leases Group EBIT >5.9 >0.9 ~-0.4 ~30 % (from > 5.6) P&P Germany Group Functions Tax Rate DHL • Base assumption: No further worsening of t
Slide 10: Group of strong divisions
Group of strong divisions Q2 2026 Group EBIT up 30% yoy to €1,858m - EBIT - DHL DHL DHL DHL Post & Parcel Express Global Forwarding Supply Chain eCommerce Germany €1,200m (+64.3%) €240m (+21.9%) €305m (-12.1%) €54m (-4.0%) €135m (-18.7%) • TDI Weight/Day +9% yoy; • Volume growth of +7% in AFR • 10%
Slide 11: Express network management closely aligned with sales and pricing strategy
Express network management closely aligned with sales and pricing strategy Smart Industrial Growth Yield management Steer growth in priority areas that Unchanged strong focus based on best suit the TDI network well established toolset Smart Yield Growth Focus Cost Excellence Structurally improved co
Slide 12: P&L Summary
P&L Summary Strong increase in Group EBIT and EPS Q2 P&L Summary* Comments in €m Q2 2025 Q2 2026 yoy in % • Accelerated Group revenue growth with Q2 yoy Revenue 19,826 22,367 12.8% increase of 13%, driven by continued good momentum Purchased goods versus lower 2025 base effects, yield management as
Slide 13: Cash Flow Statement Summary
Cash Flow Statement Summary Strong development of Free Cash Flow underlines profitable growth Q2 CFS Summary* Comments in €m Q2 2025 Q2 2026 yoy • 26% increase in OCF before WC shows strong growth EBIT 1,429 1,858 +428 achieved in operating performance OCF before changes in WC 2,041 2,576 +535 • Q2
Slide 14: Continued strong FCF generation
Continued strong FCF generation H1 2026 FCF +28% yoy, excl. Net M&A and temporary positive effect from IEEPA tariffs reimbursement • Strong H1 FCF performance, in 1,776 FCF excl. Net M&A line with significant structural in € m 416 improvement in cash generation +28% 2,101 1,785 • Q2 FCF impacted by
Slide 15: Share Buyback program increased to up to €6.5bn and extended to end of 2027
Share Buyback program increased to up to €6.5bn and extended to end of 2027 Continued execution of multi-year Share Buyback program in €bn Current SBB program increased and extended: • Extension of current share up to €6.5bn until end of 2027 buyback program (from up to ~1.5 €6bn to up to €6.5bn and
Slide 16: Accelerate Sustainable Growth
ACCELERATE SUSTAINABLE GROWTH Clearly defined strategic Quality of growth Strong EBIT growth and priorities and actions to safeguarded by yield FCF increase in H1 2026; maximise leverage of discipline and capital growth ambitions laid divisional and cross- efficiency focus through out in Strategy 20
Slide 17: Save the Dates
SAVE THE DATES London, 17 Sep 2026 London, 23 Sep 2026 DHL EXPRESS DHL GROUP CAPITAL MARKETS MANAGEMENT BRIEFING DINNER DHL Group Investor Relations | Q2 2026 Results | 5 August 2026 17
Slide 18: Appendix
Appendix
Slide 19: DHL Global Forwarding
DHL Global Forwarding Global Forwarding Successfully navigating tight air freight markets Q2 Performance • Strong volume increase of 7% in Air and Ocean Freight +28% outperforming market growth, supported by resilient +7% Asia-related trade lanes and hyperscaler demand; Air European Road Freight mar
Slide 20: DHL Supply Chain
DHL Supply Chain Supply Chain Record highs across all key growth drivers Q2 Performance • EBIT excl. last year’s non-recurring effects of €+54m up by 4% driven by growth across all sectors and 10% yoy organic revenue growth, mainly driven by new contracts and better trading +10% €305m • Acquisitions
Slide 21: DHL eCommerce
DHL eCommerce eCommerce 9.5% organic revenue growth driven by e-commerce Q2 Performance • Q2 2026 yoy revenue decline due to deconsolidation in UK and Iberia (Evri & CTT deals); organic revenue Revenue yoy, growth of 9.5% driven by volume growth reflecting in €m e-commerce growth trend in-line with
Slide 22: Post & Parcel Germany
Post & Parcel Germany P&P Germany Expected structural volume trends Q2 Performance • Unchanged structural volume trends: +5% − Parcel volume and yield growth cushion volume decline in mail Parcel +2% − Mail: stronger than usual decline includes discontinuation of a high-volume leaflet distribution i
Slide 23: Disclaimer
Disclaimer This presentation contains certain statements that are neither reported results nor other historical information. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking state