Gxo Logistics, Inc. · NYSE:GXO
Gxo Logistics — Investor Presentation (March 2026)
36 slides from Gxo Logistics's investor presentation, March 2026
Slide 1: Investing in the future of supply chain with GXO
March 2026 Investing in the future of supply chain with GXO © GXO Logistics, Inc.
Slide 2: Disclaimer
Disclaimer Non-GAAP Financial Measures: As required by the rules of the Securities and Exchange Commission (“SEC”), we provide reconciliations of the non-GAAP financial measures contained in this presentation to the most directly comparable measure under GAAP, which are set forth in the financial ta
Slide 3: GXO is building the supply chain of the future
GXO is building the supply chain of the future. We design and operate the most technologically advanced logistics solutions in the world. © ©GXO GXOLogistics, Logistics,Inc. Inc. 3
Slide 4: We operate at the heart of the global supply chain
We operate at the heart of the global supply chain Automated Advanced Sortation Automation Reverse Adaptive Logistics Technology GXO GXO Customer Transport Transport (Managed & (Managed & Consumer products Fleet) Fleet) Fulfillment Aftermarket Center AI Support Returned Products Innovation Intellige
Slide 5: We are the world's largest pure-play contract logistics provider
We are the world’s largest pure-play contract logistics Our How we provider. mission achieve this We are laser focused Help our customers Through operational on engineering the win—by making excellence, deep expertise, next generation of their supply chains advanced automation logistics, shaping a c
Slide 6: The GXO investment case
The GXO investment case Compelling financial Effective capital The GXO Difference profile allocation framework • Tech and automation leadership • Invest in innovation and organic • Global scale • Structural organic growth growth • Resilient margins • Trusted expertise • Investment grade balance shee
Slide 7: GXO by the numbers
GXO by the numbers #1 27 >1,000 >1,200 ~150K Pure-play contract Countries Global team Facilities Global customers logistics provider of operation members >33% $13.2B $881M ~30% >30% of Fortune 100 2025 adjusted 2025 FCF 2025 operating companies 2025 revenue EBITDA(2) conversion(2) ROIC(2) served(1)
Slide 8: How we win
How we win © GXO Logistics, Inc. 8
Slide 9: Our value creation framework
Our value creation framework Outsized growth driven Customer-centric culture 1 by secular tailwinds 4 Global operational excellence standards; commitment to lean operations and continuous Complexity, automation, robotics and AI improvement Global scale Effective capital allocation 2 Blue-chip custom
Slide 10: The outsourced market is growing
The outsourced market is growing Core trends Complexity Supply chains are becoming more time-sensitive and complicated, driven by reshoring, Market response capacity constraints, and geopolitical risks Technology Outsourcing Warehouse automation, AI and humanoids are tools Customers recognize that o
Slide 11: GXO's scale and expertise
GXO’s scale and expertise >1,000 >150,000 facilities team members Our global footprint 27 220 million countries sq. ft. warehouse space Recognition that matters All America Executive Team 2025 2023, 2024, 2025 2022, 2023, 2024, 2025 THE USE BY GXO OFANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI
Slide 12: Enabling supply chain success across regions and verticals
Enabling supply chain success across regions and verticals Revenue by region(1) Revenue by vertical(1) 6% 7% Other Other 48% 49% 3% United Kingdom Omnichannel Italy 10% retail 5% Consumer packaged Spain goods 6% France 10% 8% Food and Netherlands beverage 12% Industrial and 24% manufacturing 12% Uni
Slide 13: New contract wins and outsourcing underpin long-term growth
New contract wins and outsourcing underpin long-term growth Expected incremental revenue contributions from FY 2025 contract wins by source(2) contracts won through 4Q 2025 $774 million(1) signed for 2026 34% 21% Won from Outsourcing competitors Sites previously Sites transferred operated by from ot
Slide 14: 2025 wins and expansions
2025 wins and expansions © GXO Logistics, Inc. 14
Slide 15: Market leader in tech-enabled solutions
Market leader in tech-enabled solutions Our automation strategy Large-scale Standardized Warehouse AI Global R&D automation adaptive tech • GXO IQ • Operational • Bespoke design and • Retrofit of existing incubator program • Predictive accuracy implementation operations shapes future of supercharges
Slide 16: GXO's automation toolkit
GXO’s automation toolkit Large-scale automation Adaptive tech AI Large-scale integrated solutions, Modular tech deployed to address In-house and vendor-supported AI typically implemented at startup of Definition new operation, that process 50% or specific operational needs or perform applications th
Slide 17: End-To-End Orchestration
End-To-End Orchestration The first AI-powered intelligent platform built for the logistics industry by logistics experts, leveraging GXO’s operational expertise and an ecosystem of leading tech partners Experience Layer A single-entry point for everyone: operators, customers, execs. Ask GIL, review
Slide 18: Why invest?
Why invest? © GXO Logistics, Inc. 18
Slide 19: FY 2025 financial highlights
FY 2025 financial highlights Key highlights Organic Revenue $13.2 billion revenue(1) up 3.9% • Record revenue and adjusted EBITDA(1) Adjusted Net income $36 million EBITDA(1) $881 million • New business wins of $1.1 billion(2) Operating Free cash cash flow $434 million flow(1) $259 million • Wincant
Slide 20: FY 2026 guidance
FY 2026 guidance(1) FY 2026 guidance(1) Organic revenue growth(2) 4% – 5% Adjusted EBITDA(2)(3) $930 – $970 million Adjusted diluted EPS(2) $2.85 – $3.15 Adjusted EBITDA to free cash flow conversion(2) 30% – 40% (1) Guidance issued on 10 February 2026 and based on current FX rates at that time. © GX
Slide 21: The GXO investment case
The GXO investment case Compelling financial Effective capital The GXO Difference profile allocation framework • Tech and automation leadership • Invest in innovation and organic • Global scale • Structural organic growth growth • Resilient margins • Trusted expertise • Investment grade balance shee
Slide 22: Capital allocation framework: Maximizing shareholder returns
Capital allocation framework: Maximizing shareholder returns Invest in growth and innovation • Drive future organic growth (Capex ~3% of sales: 1% maintenance, 2% growth) • Invest in data productization through AI • Maintain investment grade balance sheet Strategic M&A • Enable growth in target vert
Slide 23: A category-defining leader
A category-defining leader $7.9 billion revenue 120,000 employees August 2nd, 2021 $9 billion revenue 130,000 employees $9.8 billion revenue $11.7 billion revenue 130,000 employees 150,000 employees GXO spins off from XPO Logistics, forming a 2021 standalone category-defining 2022 2023 2024 Acquired
Slide 24: Our value creation framework
Our value creation framework Outsized growth driven 1 by secular tailwinds 4 Customer-centric culture 2 Global scale 5 Effective capital allocation Leadership in technology Compelling financial profile 3 and automation 6 and long-term growth algorithm © ©GXO GXOLogistics, Logistics,Inc. Inc. 24 24
Slide 25: Appendix
Appendix © GXO Logistics, Inc. 25
Slide 26: ESG: A commitment and competitive advantage
ESG: A commitment and competitive advantage 2024 Performance Highlights(1) E 80% 20% 77% We collaborate with our customers to support their sustainability ambitions as we innovate ways to minimize our expansion of energy-efficient of electricity sourced of waste associated with own environmental foo
Slide 27: Resilient contracts generate predictable cash flows and returns
Resilient contracts generate predictable cash flows and returns ~47% ~53% of revenue1 of revenue1 Open-book contracts Hybrid closed-book contracts • Cost-plus structure where all costs are • Partly cost plus and partly fixed price passed through to customers with a mark-up Two • Revenues matched to
Slide 28: Example: Open-book contract
Example: Open-book contract Markup Benefits GXO margin • Open-book margins are resilient Variable revenue to drops in activity, with all costs and variable cost passed through to the customer are matched as Variable Variable cost with a mark-up volume changes revenue • Margins are lower but fixed; p
Slide 29: Example: Hybrid closed-book contract
Example: Hybrid closed-book contract Benefits GXO margin • Fixed revenue and fixed costs are Variable costs are closely matched, protecting reduced through margins from volume moves automation, Variable Variable increasing margins revenue cost • Automation increases efficiency, reducing variable cos
Slide 30: Financial support
Financial support © GXO Logistics, Inc. 30
Slide 31: Reconciliation of Net Income to Adjusted EBITDA
GXO Logistics, Inc. Reconciliation of Net Income to Adjusted EBITDA (Unaudited) Year ended December 31, (In millions USD) 2025 Net income attributable to GXO $ 32 Net income attributable to noncontrolling interests (“NCI”) 4 Net income $ 36 Interest expense, net 133 Income tax expense 68 Depreciatio
Slide 32: Reconciliation of Net Income to Adjusted EBITA
GXO Logistics, Inc. Reconciliation of Net Income to Adjusted EBITA (Unaudited) Year ended December 31, (In millions USD) 2025 Net income attributable to GXO $ 32 Net income attributable to NCI 4 Net income $ 36 Interest expense, net 133 Income tax expense 68 Amortization of intangible assets acquire
Slide 33: Reconciliation of Net Income to Adjusted Net Income and Adjusted EPS
GXO Logistics, Inc. Reconciliation of Net Income to Adjusted Net Income and Adjusted Earnings Per Share (Unaudited) Year ended December 31, (Dollars in millions, shares in thousands, except per share amounts) 2025 Net income $ 36 Net income attributable to NCI (4) Net income attributable to GXO $ 32
Slide 34: Other Reconciliations: Free Cash Flow
GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of cash flows from operations to free cash flow: Year ended December 31, (In millions USD) 2025 Cash flows from operations(1) $ 434 Capital expenditures (324) Proceeds from sale of property and equipment 149 Net capital expenditure
Slide 35: Other Reconciliations: Organic Revenue
GXO Logistics, Inc. Other Reconciliations (Unaudited) Reconciliation of revenue to organic revenue: Year ended December 31, (In millions USD) 2025 2024 Revenue $ 13,178 $ 11,709 Revenue from acquired business(1) (655) — Foreign exchange rates (352) — Organic revenue(2) $ 12,171 $ 11,709 Revenue grow
Slide 36: Return on Invested Capital
GXO Logistics, Inc. Return on Invested Capital (Unaudited) Adjusted EBITA, net of income taxes paid: Year ended (In millions USD) December 31, 2025 Adjusted EBITA(1) $ 543 Less: Cash paid for income taxes (59) Adjusted EBITA(1), net of income taxes paid $ 484 Return on invested capital: Year ended D