Move Logistics Group Limited · NZX:MOV
Move Logistics — Shareholder Meeting (October 2025)
48 slides from Move Logistics's shareholder meeting presentation, Oct 30, 2025
Slide 1: 2025 Annual Meeting of Shareholders - Chair's Address
MOVE LOGISTICS GROUP LIMITED 2025 ANNUAL MEETING OF SHAREHOLDERS 30 October 2025 CHAIR’S ADDRESS Julia Raue, Independent Chair Board priorities FY25 As a Board, our primary focus over the last year has been on transforming and strengthening our For personal use only business - while navigating throu
Slide 2: Accelerate transformation programme and CEO's address
Accelerate transformation programme The Accelerate plan was launched this time last year and identified three main streams of activity – to recalibrate our business; drive profitable revenue growth; and ensure balance sheet resilience. The plan has been well executed by the team, and we are now a fa
Slide 3: Our business
Our business One of MOVE’s biggest strengths is its size, scope and breadth. We transport, warehouse and deliver goods across New Zealand, and also offer services such as Fuel delivery, specialised lifting and transport, and our trans-Tasman shipping service. We have a strong brand and market positi
Slide 4: Operating backdrop
There is one year of the Accelerate programme left to go and our focus is moving from cost out to value creation. Operating backdrop The trading environment in FY25 was absolutely a hindrance to our progress. Ongoing economic headwinds, low business and consumer confidence, and cost-of-living pressu
Slide 5: Freight and Fuel; Warehousing
Freight and Fuel A highlight for FY25 was the turnaround in MOVE’s Freight & Fuel business, which delivered increased revenue and improving gross margins despite a competitive market. The division’s normalised earnings loss improved by 90% year on year, moving to a positive result in Q4 FY25, and ag
Slide 6: Moving forward: New Horizons
Our trans-Tasman shipping service is going well – we moved to a time charter model and new vessel in September last year, and have renewed contracts with foundational customers who utilise most of the capacity. Business development has gone well and I’m happy with the financial outcomes after 1Q26.
Slide 7: FY26 continued improvement
FY26 continued improvement We are focused on what we can control – costs, customer service excellence and running a tight ship. Looking at Q1 FY26 results – all of MOVE’s businesses, excluding Warehousing, delivered improvements as planned. Group revenue was down slightly on the same period last yea
Slide 8: Chair's summary comments
CHAIR’S SUMMARY COMMENTS We have a clear roadmap in place, as we move from Re-set to Step up and Stand Out. MOVE is a fantastic business with a lot to be proud of – a strong brand, great assets and an expert and professional team who deliver every day for our customers. Our company is seen as a very
Slide 9: MOVE Logistics Group 2025 Annual Meeting
For personal use only MOVE LOGISTICS GROUP LIMITED 2025 ANNUAL MEETING 30 October 2025 1
Slide 10: Chair - Julia Raue
For personal use only CHAIR JULIA RAUE 2
Slide 11: Voting and asking questions
VOTING AND ASKING QUESTIONS For personal use only Voting Card Question box 3
Slide 12: Agenda
AGENDA Welcome and Introductions For personal use only Chair and CEO Presentations Shareholder Discussion Resolution General Business Close of the Meeting 4
Slide 13: Board
BOARD For personal use only Julia Raue Lachie Johnstone Greg Whitham Independent Chair Independent Director Non-independent Director Last re-elected 2023 Elected October 2024 Elected October 2024 Appointed Chair June 2024 5
Slide 14: Leadership team
LEADERSHIP TEAM For personal use only 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 & Fuel GM Warehousing GM Oceans GM Specialist Lifting 6
Slide 15: Board priorities FY25
BOARD PRIORITIES FY25 For personal use only Business Transformation Talent and Financial Stability and and Strategy Leadership Capital Management Oversight of Accelerate Appointment of new New funding transformation CEO arrangements programme and execution Strengthened and Extension of bank Review o
Slide 16: Good progress being made
For personal use only Good progress being made Continued positive momentum in 1Q 26 More to do to realise full value Clear plan in place 8
Slide 17: 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 For personal use only GROWTH Costs Down Increase Revenue Stronger Balance Sheet Productivity Up Improve Margins Im
Slide 18: Delivered on financial targets
DELIVERED ON FINANCIAL TARGETS For personal use only Normalised Earnings Before Tax (NEBT) significantly ahead of prior year Achieved positive net adjusted operating cashflow 10
Slide 19: Our goals
OUR GOALS For personal use only A STRONG TEAM DELIGHT OUR EFFECTIVE USE FINANCIAL THAT DELIVERS CUSTOMERS OF ASSETS STRENGTH AND VALUE CREATION 11
Slide 20: New Horizons 4-year roadmap
NEW HORIZONS 4-year roadmap: FY25 to FY28 For personal use only RE-SET STEP UP STAND OUT FY25 - FY26 FY26 – FY27 FY28 Customer value & Preferred logistics Strong operational excellence provider foundational Scaling up platform Smart business growth A market leader Passionate & Valuable Customer Oper
Slide 21: CEO - Paul Millward
For personal use only CEO PAUL MILLWARD 13
Slide 22: One of the largest domestic freight, warehousing and logistics providers in NZ
MOVE is one of the largest domestic freight, warehousing and logistics solutions providers in New Zealand OUR VISION: For personal use only To be the preferred freight and logistics company in Aotearoa New Zealand OUR MISSION: To keep our customers moving 38 sites 500+ trucks ~830 team members 96,00
Slide 23: New Dunedin freight branch
NEW DUNEDIN FREIGHT BRANCH Opened August 2025, investing in regional NZ For personal use only 15
Slide 24: Optimising our warehouse footprint
OPTIMISING OUR WAREHOUSE FOOTPRINT For personal use only 16
Slide 25: FY25 lookback
For personal use only FY25 LOOKBACK 17 17
Slide 26: Accelerate progress: one year in
ACCELERATE PROGRESS: ONE YEAR IN Positive momentum on transformation, clear forward action plan - For personal use only 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
Slide 27: Operating backdrop during FY25
OPERATING BACKDROP DURING FY25 Economic recovery stalled; headwinds persist The transformation programme is providing resilience and positioning MOVE For personal use only strongly for economic upswing Economic environment Cost pressures • Biggest recessionary environment since early • Inflation mod
Slide 28: FY25 financial highlights
FY25 FINANCIAL HIGHLIGHTS Results reinforce momentum of transformation programme EARNINGS GROSS MARGIN For personal use only REVENUE 1 RETAINED REVENUE IN SIGNIFICANT IMPROVEMENT 2H GROSS MARGIN % THE WEAK ECONOMY IN NORMALISED EBT (NEBT) HIGHEST IN TWO YEARS Focus on delivering for Positive gross m
Slide 29: Positive momentum under transformation plan
POSITIVE MOMENTUM UNDER TRANSFORMATION PLAN 4Q25 quarterly earnings (NEBT) the strongest in two years Total Sales Revenue For personal use only 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 Befo
Slide 30: Freight and Fuel
FREIGHT AND FUEL One of the largest domestic freight providers and specialist fuel delivery operators in New Zealand For personal use only • Jeff Vincent commenced as GM in January 2025 • Positive financial momentum – earnings and gross margin growth – 90% YOY improvement in NEBT loss • Stronger par
Slide 31: Warehousing
WAREHOUSING Providing warehousing and supply chain solutions, with over 90,000m2 of warehousing space across New Zealand For personal use only • Marc Blackburn commenced as GM in Feb 2025 • Reset of business underway in challenging market – excess capacity and economic headwinds • Focus on customer
Slide 32: Specialist
SPECIALIST Credible and highly regarded team, preferred provider for many specialised and heavy haulage projects For personal use only • Consistently strong performance with healthy pipeline of work in place • YOY increases in revenue, earnings and margin • Some projects moved into FY26 year • Energ
Slide 33: International
INTERNATIONAL Oceans business (trans-Tasman shipping), International freight forwarding and other services For personal use only Oceans • New time charter model with faster, larger vessel - commenced September 2024 • Foundational contracted customers utilising the majority of capacity with strong in
Slide 34: Looking forward
For personal use only LOOKING FORWARD 26 26
Slide 35: New Horizons 4-year roadmap: FY25 to FY28
NEW HORIZONS 4-YEAR ROADMAP: FY25 to FY28 RE-SET STEP UP STAND OUT For personal use only 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 • Qu
Slide 36: FY26 priorities: Re-set to Step Up
FY26 PRIORITIES: RE-SET TO STEP UP STRONG FOUNDATIONAL PLATFORM WINNING IN MARKET For personal use only WINNING FREIGHT WAREHOUSING CAPABILITY WITH BUILD VALUE STEP CHANGE STRENGTHEN CUSTOMERS • Smarter delivery for • Revenue uplift • Team strength – One MOVE • Excellent customer better outcomes • S
Slide 37: FY26 economic outlook
FY26 ECONOMIC OUTLOOK • Economy remains challenged with some pull back on For personal use only earlier gains - improvement expected in CY 2026 • Full impact of interest rates yet to be seen - business and consumer confidence and spending will improve as OCR cuts are passed through • Primary industr
Slide 38: Continued improvement delivered Q1 FY26
CONTINUED IMPROVEMENT DELIVERED Q1 FY26 Gross Margin $ Total Sales Revenue Continued improvement despite For personal use only +1% YOY -3.5% YOY economic contraction • Revenue impacted by economic headwinds • Focus on controlling the controllables Q1 24 Q1 25 Q1 26 Q1 24 Q1 25 Q1 26 is driving uplif
Slide 39: FY26 business outlook
FY26 BUSINESS OUTLOOK Moving from cost out to value creation focus For personal use only • Clear plan, lower cost base and strong customer partnerships • Transition from Re-set to Step Up phase • Expect continued positive momentum in Freight, Specialist and International. Focus on stabilising and im
Slide 40: Sound business fundamentals
SOUND BUSINESS FUNDAMENTALS For personal use only 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 32
Slide 41: Discussion
For personal use only DISCUSSION 33 33
Slide 42: Resolution
RESOLUTION RESOLUTION 1: For personal use only To record the re-appointment of PricewaterhouseCoopers as the Company’s auditor and to authorise the Directors to fix the auditor’s remuneration for the ensuing year. 34
Slide 43: Other business - close of the meeting
For personal use only OTHER BUSINESS CLOSE OF THE MEETING 35 35
Slide 44: Appendices
For personal use only APPENDICES 36 36
Slide 45: 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 For personal use only FREIGHT WAREHOUSING INTERNATIONAL FUELS SPECIALIST We are one of the We offer contracted We are global logistics Our specialist road We mo
Slide 46: MOVE Oceans trans-Tasman shipping
MOVE Oceans Trans-Tasman shipping For personal use only • 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 renewed in 2025 38
Slide 47: 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: For personal use only discussing financial performance and believe these provide a Restructuring and settlement costs 3.3 2.4 bet
Slide 48: 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. For personal use only This presentation is not a recommendation or offer of financial products for subscr
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