Ntg Nordic Transport Group A/s · OMXCOP:NTG
Ntg Nordic Transport Group A/s — H1 2026 Earnings Presentation
32 slides from Ntg Nordic Transport Group A/s's earnings presentation, 2026
Slide 1: H1 2026 results
H1 2026 results Investor presentation 1
Slide 2: Forward looking statements
Forward looking statements This presentation has been prepared for information purposes only. This presentation (i) is by necessity a summary of more detailed information, (ii) is not intended and should not be used to form the basis of any investment decision, and (iii) does not purport to be full
Slide 3: Content
Content • Q2 2026 highlights • Financial review • Business segments • Financial highlights and ratios • Outlook for 2026 • Appendix 3
Slide 4: Q2 2026 highlights
Q2 2026 highlights • Gross profit increased by 8.2% and adjusted EBIT increased by 23.4% compared to Q2 last year, driven by solid organic growth and supported by the one-month inclusion of DTK. • The quarter reflected strong operational performance, supported by higher freight rates, cost efficienc
Slide 5: Financial review
Financial review Comments Q2 Half year DKKm 2026 2025 ∆ 2026 2025 ∆ • Organic growth of 16.6% was driven by higher freight rates across both divisions, Net revenue 3,330 2,857 16.6% 6,313 5,552 13.7% supported by solid volume growth and market share gains in the Road & Logistics Gross profit 715 661
Slide 6: Road & Logistics
Road & Logistics Comments Q2 Half year DKKm 2026 2025 ∆ 2026 2025 ∆ • Market conditions varied across geographies during the quarter. Germany Net revenue 2,649 2,277 16.3% 5,059 4,282 18.1% remained subdued, while other markets showed signs of improvement, Gross profit 574 520 10.4% 1,094 974 12.3%
Slide 7: Air & Ocean
Air & Ocean Comments Q2 Half year DKKm 2026 2025 ∆ 2026 2025 ∆ • Global container volumes increased during the quarter, supported by an early Net revenue 681 580 17.4% 1,254 1,270 -1.3% peak season and front-loading ahead of potential tariff changes. Container freight Gross profit 141 141 0.0% 272 2
Slide 8: Financial highlights and ratios (I/II)
Financial highlights and ratios (I/II) Comments (DKKm) Q2 2026 Q2 2025 H1 2026 H1 2025 Income statement • Net special items amounted to DKK 12 million in Q2 2026 and DKK 24 million for Net revenue 3,330 2,857 6,313 5,552 H1 2026, primarily related to Gross profit 715 661 1,366 1,263 restructuring in
Slide 9: Financial highlights and ratios (II/II)
Financial highlights and ratios (II/II) Comments (DKKm) H1 2026 H1 2025 Balance sheet • Net working capital was supported by normal seasonality and timing effects Net working capital 12 -64 related to early haulier payments ahead Invested capital 3,973 3,931 of Easter. The positive development was p
Slide 10: Full-year outlook 2026
Full-year outlook 2026 DKKm 2025 realised H1 2026 realised 2026 outlook Adjusted EBIT 593 318 625 – 650 Special items expenses 43 24 30 - 35 Main assumptions • The outlook for 2026 is based on expectations of positive volume development across both divisions, while European macroeconomic conditions
Slide 11: Appendix
Appendix Investor.ntg.com 11
Slide 12: NTG at a glance
NTG at a glance Decentralised Road & Logistics +3,000 Local commercial decision-making and responsibility close to the customers supported by a centralised Group function providing Employees group-wide IT systems, legal assistance, and general administration. +200 Technology Partners Our scalable IT
Slide 13: Our asset-light business model
Our asset-light business model · 13
Slide 14: The different kinds of European road freight
The different kinds of European road freight Full truck Less-than load truck load Groupage FTL LTL A A A A A A B B A A B B B B C C C C 14
Slide 15: The history of NTG
The history of NTG +3,000 Employees +35 Acquisitions +200 Partners +35 Start-ups +75 Subsidiaries +20% ROIC before tax +25 Countries 2011 2015 2020 2025 Past five-year CAGR: 16% Road & Logistic Revenue Past 10 years: CAGR: 21% Air & Ocean Revenue 15
Slide 16: The history of NTG
The history of NTG New start-ups 2 2 1 2 5 4 5 2 6 4 - 2 1 1 - M&A activity Italian Land-based furniture activities 3 +3 acquisitions +1 acquisitions Nordics acquisitions DK +2 +3 acquisitions 2 acquisitions 2 1 acquisitions acquisitions acquisitions 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 17: Top European road freight forwarders
Top European road freight forwarders 2024 revenue DSV + DB Schenker // DHL Freight Dachser Top 5: Rhenus Kuehne + Nagel ~7% FedEx Freight of 2024 market Gefco (CEVA) share XPO Europe LKW Walter Geodis Girtek Top 20: Raben Group NTG 2025 incl. M&A Nagel Group H Essers Incl. pro forma revenue from the
Slide 18: Global footprint with significant growth potential
Global footprint with significant growth potential Air & Ocean 22% Divisional split* Road & Logistics 78% Americas APAC: 2% 12% Regional split* EMEA 86% *Revenue split FY 2025 18
Slide 19: NTG partnership structure
NTG partnership structure Attractive co-ownership model • An attractive model enabling local decision making and entrepreneurship • Strong incentive structure for attracting skilled freight forwarders NTG Group Partners Majority Minority • Potential leverage when doing M&A to retain a strong managem
Slide 20: Our digital platform
Standardisation – Consolidation – Scalability Our digital platform Key focus areas Fast Deploying integration artificial when doing intelligence M&A • Creates transparency across the organisation Customer- facing Agile and lean set-up automation • Supports data-driven and consistent decision-making
Slide 21: AI principles
AI principles Business-led approach Centralised governance AI initiatives are designed to support and Group-wide standards for AI and automation tools enhance the core operating model ensure consistency, control and compliance “Buy b fo bu ld” p losop y One standardised operating model Reducing comp
Slide 22: AI adoption roadmap: From efficiency to transformation
AI adoption roadmap: From efficiency to GUIDING PRINCIPLES transformation Start simple 01 02 03 Prove concept AUTOMATE AUGMENT TRANSFORM What Manual, repetitive, What Human-led activities What Complex, less rule-based tasks supported by AI standardised processes Data Structured, system- Data Structu
Slide 23: Route '27
Route ‘27 Fit-for-future platform 23
Slide 24: Fit for future platform
Fit for future platform • Our size and decentralised model necessitate a Platform scaling & structured, portfolio-level approach to deliver Incubation Acceleration Consolidation synergy capture support customised to the life-cycle needs of each entity. Logistics Groupage FTL/ LTL Air & Ocean • Share
Slide 25: Route '27 operating model
Route ’27 operating model NTG Strategic blueprint Leverage and scale our Invest in Scalability Enablement global network benefits our People (Group-level) Enhance support structures to Create meaningful careers Finance transformation through identify and pursue commercial and through clear pathways
Slide 26: Our business life-cycle from start-up to platform
Our business life-cycle from start-up to platform Part- and full loads Groupage Air & Ocean Contract logistics Start-up Growth Maturity Platform & Scale Decentralised operation Commercial coordination Service consolidation Process & intelligence standardisation Strategic priority domains 26 26
Slide 27: Timeline for implementation and execution
2025 2026 2027 Road & Logistics Timeline for Plan & Jointly launch Make enhanced Continuous implementation Air & Ocean Mobilise people and refine initiatives Group support available across NTG improvement and execution Mobilise and Launch Full launch of Track execution and initiatives at initiatives
Slide 28: Financial details
Financial details 28
Slide 29: P&L details – Group
P&L details – Group Group (DKKm) FY 2021 FY 2022 FY 2023 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 Net revenue 7,302 10,224 8,338 9,352 2,695 2,857 2,941 2,884 11,377 2,983 3,330 Direct costs -5,828 -8,212 -6,472 -7,379 -2,093 -2,196 -2,284 -2,221 -8,794 -2,332 -2,615 Gross pro
Slide 30: P&L details - Divisions
P&L details - Divisons Road & Logistics (DKKm) FY 2021 FY 2022 FY 2023 FY 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Q1 2026 Q2 2026 Net external revenue 5,548 6,880 6,212 6,618 2,005 2,277 2,296 2,315 8,893 2,410 2,649 Direct costs -4,406 -5,434 -4,826 -5,171 -1,551 -1,757 -1,785 -1,797 -6,890 -1
Slide 31: Growth components per quarter
Growth components per quarter Q1 2026 growth Net revenue Gross profit Adjusted EBIT components Total Total Total Organic Acquisitions FX Organic Acquisitions FX Organic Acquisitions FX growth growth growth Road & Logistics 10.1% 9.7% 0.4% 20.2% 2.6% 11.5% 0.4% 14.5% 2.0% 26.0% 1.0% 29.0% Air & Ocean
Slide 32: Investor Relations
Investor Relations Investor Relations Contact Financial Calendar 2026 Sebastian Rosborg Head of Investor Relations 10. August 2026 H1 2026 Interim Report +45 4212 8099 sebastian.rosborg@ntg.com ir@ntg.com | press@ntg.com 9. November 2026 Q3 2026 Interim Report Noah Cilieborg IR Student Assistant 18.
NTG Nordic Transport Group — H1 2026 Earnings Presentation on 6ix