Zim Integrated Shipping Services Ltd. · NYSE:ZIM
Zim Integrated Shipping Services — Q3 2025 Earnings Presentation
21 slides from Zim Integrated Shipping Services's earnings presentation, Nov 20, 2025
Slide 1: Investor Presentation Q3 2025 Financial Results
Investor Presentation Q 3 2025 FINANCIAL RESULTS November 20 , 2025
Slide 2: Disclaimer
Disclaimer Forward - Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in our expectation of modifications with respect to our and other shipping companies ’ operating fleet and lines, the U.S . Private Securities Litigation Ref
Slide 3: Q3 2025: Strategic Focus Delivers Solid Financial Results
Q 3 2025 : Strategic Focus Delivers Solid Financial Results Heightened market Continued strategic volatility execution Step up in frequency and Optimizing cost base intensity of market changes Maintaining service reliability Geopolitical tensions, trade Delivering solid financial results disruptions
Slide 4: Q3 2025 Financial Highlights
Q 3 2025 Financial Highlights Revenue Net Income Adj EBITDA Adj EBIT $ 1.78 Bn $ 123 Mn $ 593 Mn $ 260 Mn (- 36 %) (- 89 %) (- 61%) (- 79%) Margin Margin 33 % 15% Cash Flow from Operations Total Liquidity Total Equity (30.09.2025 ) $ 628 Mn (30.09.2025 ) (- 58 %) $ 3.01 Bn $ 4.02 Bn Note: Figures in
Slide 5: FY 2025 Guidance Updated; Quarterly Dividend Declared
FY 2025 Guidance Updated; Quarterly Dividend Declared FY 2025 FY 2025 Q3 2025 Guidance Guidance* Dividend Adjusted EBITDA $ 0.31/Share $ 2.0 Bn to $ 2.2 Bn ~$ 37 Mn (~ 30 % of Q 3.25 net income) Adjusted EBIT $ 700 Mn to $ 900 Mn * Previous guidance (Aug. 2025 ): Adjusted EBITDA of $ 1.8 billion to
Slide 6: Operational & Commercial Excellence: Building a Resilient ZIM
Operational & Commercial Excellence: Building a Resilient ZIM Operational Commercial Strategy Strategy Modern, fuel efficient & cost competitive fleet Adapt network to optimize utilization ~60 % newbuild; ~ 40 % LNG* Account for evolving cargo flow patterns Versatile capacity Expand and diversify ne
Slide 7: Key Operational and Financial Indicators
Key Operational and Financial Indicators Operational Q 3- 25 9M- 25 Cash Flow Q 3- 25 9M- 25 Balance Sheet 30 - 9- 2025 Carried volume 926 2,765 Free cash flow 574 1,787 Total debt 5,647 (K TEUs) (- 5%) (- 0.1%) ($ Mn) (- 880 ) (- 683 ) ($ Mn) (- 369 ) 1,602 1,622 Cash 97% 97% Cash, bank deposit Fre
Slide 8: ZIM Fleet Profile
ZIM Fleet Profile 129 Vessels * 709 K TEU ~ 40 % LNG - powered ~ 60 % newbuild 115containerships 14 car carriers Optionality to Re YTD 2025 2025 22 chartered vessels 3 additional vessels up for renewal ( 5.6 K TEU) Adjust Fleet Size deliveries 2026 17vessels up for renewal ( 55 TEU) * Current operat
Slide 9: Q3 & 9M 2025 Financial Highlights
Q 3 & 9M 2025 Financial Highlights XX% - margin - 13% - 32 % - 36 % - 61% 55 % 33 % Adjusted 44 % 34 % Revenue 2,765 1,777 6,260 5,419 EBITDA 1,531 593 2,725 1,844 ($Mn) ($Mn) Q 3.24 Q 3.25 9 M.24 9 M.25 Q 3.24 Q 3.25 9 M.24 9 M.25 - 54 % - 72% - 79% - 89 % 45 % 9% 30 % 16% 15% Adjusted Net Income 1
Slide 10: Volume Breakdown By Geographic Trade Zone (K TEU)
Volume Breakdown By Geographic Trade Zone (K TEU) - 0.1% 2,768 2,765 372 411 4.5 % 543 587 970 926 130 416 133 383 Latin America 187 245 195 232 Intra-Asia 140 Atlantic 113 92 71 Cross -Suez 1,192 1,152 Pacific 421 414 Q 3.2024 Q 3.2025 9 M. 2024 9 M. 2025 10 Investor Presentation Q 3 2025 highlight
Slide 11: Q3 2025 Cash Flow Bridge ($Mn)
Q 3 2025 Cash Flow Bridge ($Mn) 628 - 54 574 -7 - 451 19 135 Cash Flow from CAPEX, net Free Cash Flow Dividends Debt Service Others Net change in Operations Cash Position 11 Investor Presentation Q 3 2025 highlights Financial highlights 2025 guidance Market update Summary
Slide 12: 9M 2025 Cash Flow Bridge ($Mn)
9M 2025 Cash Flow Bridge ($Mn) 1,924 - 137 1,787 - 478 - 1,502 58 - 135 Cash Flow from CAPEX, net Free Cash Flow Dividends Debt Service * Others Net change in Operations Cash Position * Debt service during the period includes $ 72 million reflecting repayment of lease liabilities related to two acqu
Slide 13: 2025 Guidance Revised: Increasing Guidance Midpoints
2025 Guidance Revised: Increasing Guidance Midpoints Adjusted EBITDA $ 2.0 Bn to $ 2.2 Bn Adjusted EBIT $ 700 Mn to $ 900 Mn Assumptions Original FY 2025 FY 2025 Updated FY 2025 outlook (vs. 2024 ) outlook (Aug) outlook Freight rates significantly lower unchanged unchanged; weaker Q 4 Operated capac
Slide 14: Risk of Oversupply Remains; Potential Mitigating Factors Exist
Risk of Oversupply Remains; Potential Mitigating Factors Exist Cellular Containerships Deliveries by TEU 25,000 3.5M 3.0M 20,000 31% 2.5M Orderbook - to - Fleet Ratio Average of TEU 2.0M 15,000 TEU Total 1.5M 10,000 Mitigating Factors 1.0M Negligible scrapping in recent years and industry ’s decarbo
Slide 15: Solid Global Demand Growth in 2025; Sustainability of Growth Uncertain
Solid Global Demand Growth in U.S. Volumes Impacted by 2025 ; Sustainability of Growth - Trade War; Recovery Post Trade Uncertain Agreement - Unknown Global volumes, TEU per month Asia to USA, TEU per month 18.0M 2.3M 17.0M 2.1M 16.0M 1.9M 15.0M 1.7M 14.0M 1.5M 13.0M 1.3M 12.0M 1.1M 11.0M 0.9M 10.0M
Slide 16: Q&A Session
Q&A Session 16 Investor Presentation Q 3 2025 highlights Financial highlights 2025 guidance Market update Summary
Slide 17: Strategic Focus: Maintain and Enhance Business Resilience
Strategic Focus: Maintain and Enhance Business Resilience Expand and diversify network; diversify customer base; capture market growth Maintain Capital long - term allocation priorities competitiveness Support ZIM ’s Prudent investment in fleet, of modern, cost - equipment and technology effective f
Slide 18: Appendix
Appendix 18 Investor Presentation
Slide 19: Use of Non-IFRS Financial Measures
Use of Non -IFRS Financial Measures The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis . These measures should not be considered in isolation, or as a substitu
Slide 20: Reconciliation of Net Income to Adjusted EBIT and Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBIT and Adjusted EBITDA ($ in Mn) Q3’25 Q3’24 Q3’23 RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBIT* Net income (loss) 123 1,126 (2,270) Financial expenses, net 87 102 66 Income taxes 49 7 (71) Operating income (loss) (EBIT) 259 1,235 (2,276) Impairment
Slide 21: Thank you
Thank you
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