Agility Public Warehousing Co. K.s.c. · KSE:MKHZN
Agility Public Warehousing Co. K.s.c — Agility Global — Investor Presentation (July 2025)
42 slides from Agility Public Warehousing Co. K.s.c's investor presentation, July 2025
Slide 1: Agility Global
—— Agility Global Agility Global Hi" ]gites
Slide 2: Agenda
Agenda 1. Background 2. About Agility Global 3. Owned & Operated 4. Investments Businesses 5. ESG Commitments 6. Financial Highlights 7. Guidance 8. Summary 2
Slide 3: Background
Background 1 3
Slide 4: Agility Global emerges from three decades of growth and transformation
Agility Global Emerges from three decades of growth and transformation 1997-2002 2003-2010 2011-2021 2022-2023 2024 Roots as a local Growing into a global Resilient portfolio and value Fueling future growth Crystalizing value of Agility warehousing leader logistics player creation across diversified
Slide 5: ADX listing crystalizes value for shareholders of Agility Global
ADX listing crystalizes value for shareholders of Agility Global and allows company to access additional capital markets Shareholder Structure Agility Global 49% of Agility Global is distributed to shareholders of Agility A multi-business operator and long-term investor in global Public Warehousing
Slide 6: About Agility Global
About Agility Global 2 6
Slide 7: Agility Global overview
Agility Global overview Business Profile Group Governance and Management Principles Multi-business owner and operator and long-term investor with valuable international assets, targeting high growth and returns through active portfolio management Agility Global manages a portfolio of: • Decentralize
Slide 8: About us
About us Management Who We Are Our Approach Principles • A multi-business • Focus on established and • Independent businesses (own owner/operator and investor growing sectors, supported by brands, IT, identity etc.) with across multiple sectors and macro trends, and solid cash- strong management geo
Slide 9: Our portfolio
Our portfolio Our owned businesses and investments are leaders in their sectors Owned and Operated Businesses Investments Aviation Services Fuel Logistics Logistics Parks Other Businesses Strategic Ventures • Global leader in air & • Reem mega mall ocean freight project in Abu Dhabi Top three global
Slide 10: An experienced and entrepreneurial management team
An experienced and entrepreneurial management team Tarek Sultan Henadi Al-Saleh Ehab Aziz Chairman CEO & Board Member CFO • Joined Agility Public Warehousing Company in • Chairperson of Agility Public Warehousing • Joined Agility Public Warehousing Company in 1997, spearheaded global growth as CEO C
Slide 11: Strong business management with deep operational expertise
Strong business management with deep operational expertise Leaders are incentivized and empowered to drive their businesses’ individual strategies and roadmaps Hassan El-Houry Philipp Joeinig Eugene Mayne Michel Saab Chairman, Menzies CEO, Menzies CEO, Tristar CEO, ALP • Chairs Menzies Aviation, ove
Slide 12: Owned & Operated Businesses
3 Owned & Operated Businesses Menzies Tristar Logistics Parks Other businesses 12
Slide 13: Agility Global
ea Agility Global
Slide 14: Menzies
Menzies The world’s largest aviation services company by countries of operation Ownership: Unlisted Key figures 100% Key financials Scale globally Service offering Acquisition: 2022: Acquisition of 100% of John 2023 | USD Menzies PLC by Agility Top 1 Ground Handling Services Full suite of passenger
Slide 15: Tristar
Tristar Number 1 fuel supplier to the UN; integrated liquid logistics solutions provider to the energy industry globally Ownership: Unlisted Key figures 65% Key financials Diversified clients Service offering Recent M&A: 2022: acquired 51% of 2023 | USD Road Transport and Aquarius Energy (HG Storage
Slide 16: Agility Logistics Parks
Agility Logistics Parks 1st EDGE Advanced Warehouses in MENA and West Africa; leading private owner and operator of warehousing and light-industrial parks across Middle East, Africa and South Asia Ownership: Unlisted Key figures 100% Key financials Diversified clients Service offering 2023 | USD Mul
Slide 17: Other owned and operated businesses
Other owned and operated businesses Agility Defence & Government GCC Services Shipa Services Remote site services, integrated Digital logistics platform for Diversified logistics services for facilities management, labor supply, international shipping, e-commerce governments, relief groups, and util
Slide 18: Investments
4 Investments DSV Reem Mall Other Investments 18
Slide 19: 19
19
Slide 20: DSV
DSV Top 3 global leader in freight forwarding, supply chain solutions and road transportation HQ: Ownership: Key figures (1) Hedehusene, Denmark 9% Key financials & performance Global operations Service offering Listing: Credit Rating: Nasdaq Copenhagen A3 (Stable) 2023 | USD (2) Air & Sea Sharehold
Slide 21: Reem Mall
Reem Mall E-commerce enabled mega-mall on Reem Island, Abu Dhabi Location: Ownership: Key figures Reem Island, 20% Abu Dhabi Key performance Key anchor customers Digital Innovation Program Soft Opening: 2023 Aggregated app February 2023 Enabling consumers to 2M square feet shop and experience the ma
Slide 22: Other investments
Other investments GWC NREC Technology Ventures Qatar’s leading provider of logistics Real estate and investment company Investments in emerging tech & supply chain solutions with a portfolio located in the Middle companies East and North Africa 25% Stake 20% Stake Minority Stakes Listed in Qatar; Li
Slide 23: ESG Commitments
ESG Commitments 5 23
Slide 24: Agility Global is deeply committed to ESG
Agility Global is deeply committed to ESG Group-wide focus on ESG due diligence, climate action, fair labor, health and safety, diversity and inclusion, and community investment 83% 98% 25% 50% Environment Responsible Operations Diversity Community 83% of businesses Strong culture of safety 25% of a
Slide 25: With each business following its own ESG roadmap
With each business following its own ESG roadmap Based on its sector and geographical priorities Owned and Operated Businesses Material Investment Menzies Tristar ALP DSV Environment • Net-zero across all 3 scopes • Reducing carbon footprint by • Saudi Arabia and Cote D’Ivoire • EcoVadis Platinum by
Slide 26: Financial Highlights
Financial Highlights 6 26
Slide 27: Income statement (in USD millions)
Income statement (in USD millions) Solid operational performance and growth across all businesses Revenue Net Revenue +67% +101% +9% +14% 3,936 2,263 3,611 1,990 2,352 1,127 FY 2022 FY 2022 PF (1) FY 2023 FY 2022 FY 2022 PF (1) FY 2023 EBITDA EBIT +67% +53% +16% +15% 606 333 521 289 363 217 15.4% 8.
Slide 28: Financial performance by segment (in USD millions)
Financial performance by segment (in USD millions) Every segment is pursuing its own growth strategy Revenue EBITDA (2) FY2023 2,166 1,096 628 46 3,936 FY2023 -5 318 218 74 606 55% 28% 16% 1% 53% 36% 12% (2) FY2022 1,957 1,091 528 35 3,611 FY2022 -42 265 201 97 521 54% 30% 15% 1% 51% 39% 19% Pro for
Slide 29: Proforma balance sheet at listing (in USD millions)
Proforma balance sheet at listing (in USD millions) 13.5% Strong asset and equity base to support future growth plan Current Liabilities (1) Balance sheet Pro forma at listing Assets Assets Equity & Liabilities Current assets 1,668 15.8% Financials assets at FV through OCI 3,505 Current Assets Non-C
Slide 30: Net debt (in USD millions)
Net debt (in USD millions) Dec-23 At listing in USD million (carve-out) (pro forma) Main financial debt components USD (millions) Interest-bearing loans (pre-IFRS) 3,218 3,218 Funded collar on DSV Shares (1) 2,424 Lease liability (current & non-current) 540 540 Businesses own external financing (2)
Slide 31: Net debt – focus on funded collar (in USD millions)
Net debt – focus on funded collar (in USD millions) De-risking the capital structure with cheaper financing and hedging of the DSV stake Value of hedged stake in DSV • Two equity collar agreements entered with major international Upside retention (value of banks in March and July 2023 for a respecti
Slide 32: Cash flow statement (in USD millions)
Cash flow statement (in USD millions) Agility Global has been generating healthy cash flows and will continue to reinvest in its businesses to drive growth Cash Flow Statement FY 2022 FY 2023 Capex and Investment Allocation * Cash from Operating activities before Inorganic Organic 299 571 changes in
Slide 33: Guidance
Guidance 7 33
Slide 34: Financial guidance
Financial guidance Group guidance below refers to Agility Global consolidated perimeter, excluding investments FY2024 Mid-Term Guidance Revenue Growth +17% +10% p.a EBITDA margin (%) 13-14% ~ 15% Agility Global Maintenance capex: $80-100 M p.a. Capex & Investments $400 M consolidated Growth capex: $
Slide 35: Valuation framework
Valuation framework Pillar 1 – Owned & Operated Businesses (consolidated) + Pillar 2 - Investments (unconsolidated) = Total Enterprise & Equity Value • Value of all Operated Businesses • Reflects value of consolidated revenues, EBITDA, + others earnings, cash flows and net assets + • Value of all In
Slide 36: Illustrative building blocks (in USD millions)
Illustrative building blocks (in USD millions) Simplified Valuation Framework A B C D 2024E Peers 24E Non-controlling Price per Share x = Pillar 1 Value + Pillar 2 Value - Net Debt - = Equity Value EBITDA Multiple Interest (10.42 B shares) Owned & operated Businesses (Pillar 1) FY2023 FY2024e Enterp
Slide 37: Dividend policy
Dividend policy Agility Global expects to pay semi-annual dividends Throughout 2024, Agility Global intends to pay shareholders a dividend of $130 M Dividend • $65 M within one month of listing; $65 M six months later Policy • Such dividends to cover both financial performances of full-year 2023 and
Slide 38: Summary
Summary 8 38
Slide 39: Key investment highlights
Key investment highlights Agility Global is one of the most exciting growth stories in the region Diversified portfolio of high Proven organizational Led by an experienced and value assets positioned in model, with strong governance entrepreneurial management growing sectors driven by to drive value
Slide 40: Legal disclaimer
Legal disclaimer THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEASE, This presentation does not constitute or form part of, and should not be construed as, any offer, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR invitation or recommendation
Slide 41: Legal disclaimer (continued)
Legal disclaimer (continued) This Presentation is only addressed to and directed at, in member states of the European Economic This presentation includes forward-looking statements. The words “expect”, “anticipate”, “intends”, Area (the “EEA”), persons who are “qualified investors” within the meanin
Slide 42: Thank you!
—— Agility Global Thank you! Hi" ]gites 0 ve Th laoanl ge