Slide 1: Ready for More: Q4/FY 2024 Results
READY FOR MORE Q4/FY 2024 RESULTS TOBIAS MEYER, GROUP CEO MELANIE KREIS, GROUP CFO March 6th 2025 DHL Group Investor Relations 1 1
Slide 2: CEO Highlights
Management Comments: Despite the longer-lasting muted B2B environment, FY 2024 Group EBIT of €5.9bn as CEO Highlights well as FCF excl. net M&A of €3bn remain well above pre-COVID levels. Our continued high FCF conversion and strong EBIT FCF excl. Net M&A “Fit for Growth” balance sheet enable us to
Slide 3: Expected strong Q4 – Q4 2024 EBIT €1,851m
Management Comments: The peak season in Q4 has always been a significant contributor to our EBIT performance, Expected strong Q4 – making our Group structurally fit for more growth and this year is no exception. The positive impact on the bottom line was driven by a strong focus on Q4 2024 EBIT yiel
Slide 4: E-commerce: Structural trend drives peak season in Q4
Management Comments: B2C has been a strong top-line growth driver and E-commerce: Structural trend drives peak season in Q4 and remains a key growth will continue to support our GDP+ growth engine for the group trajectory over the medium-term. The strong positioning across key e-commerce markets of
Slide 5: Logistics Outsourcing: DHL Supply Chain breaking €1bn EBIT mark
Management Comments: DSC’s track record proves that its multi-year Logistics Outsourcing: DHL Supply Chain breaking €1bn EBIT mark in 2024, contracts, combined with its asset-light business supported by new business wins and productivity gains model, ensure resilience against macroeconomic volatilit
Slide 6: Global Trade: Looking back at Brexit effects
Management Comments: TDI’s value proposition lies not only in speed but also in addressing complexities through its end-to- Global Trade: Looking back at Brexit effects end services. Lower transportation revenue from lower volumes, compensated to a large degree by income from customs services due As
Slide 7: Well positioned to capitalize on new trade corridors
Management Comments: Despite geopolitical tensions, data indicates that there is no clear shift to domestic activities, Well positioned to capitalize on new trade corridors from supply chain shifts dispelling fears of deglobalization. Instead, supply chain flows are diversifying and becoming more DH
Slide 8: Air Express historically gained share from Air Freight
Management Comments: Express carriers have outpaced overall air cargo growth due to the higher flexibility, reliability and Air Express historically gained share from Air Freight - trend expected to continue speed of their door-to-door services to handle B2B as well as premium B2C shipments. Air Exp
Slide 9: Executing our strategy on top line and profitability
Management Comments: Our Strategy 2030 with its focus on Group Growth Initiatives and Divisional Growth Strategies, aims to Executing our strategy on top line and profitability unlock sustainable value creation. Our Capital Markets Day in April will provide more insights on how we focus on “above-av
Slide 10: Profitability Accelerators: Group-wide cost program Fit for Growth
Management Comments: Lean, divisional structures are a key cornerstone of Profitability Accelerators: Group-wide cost program “Fit for Growth” targeting our Setup for Success under Strategy 2030. While cost savings with end of 2026 run rate of >€1bn we constantly work on optimizing our cost base, EX
Slide 11: Introducing FY 2025 guidance and new mid-term guidance logic
Management Comments: Our new guidance recognizes the uncertainties in the macroeconomic environment and its Introducing FY 2025 guidance and new mid-term guidance logic implications notably on the global freight and forwarding market. Thus, we are highly focused on factors within our control includi
Slide 12: Strong commitment to shareholder returns through dividend and share buyback
Management Comments: In terms of capital allocation, we aim to balance the use of cash to support business growth with Strong commitment to shareholders returns through dividend and share buyback attractive returns for our shareholders. Firstly, we prioritize investing in organic profitable growth.
Slide 13: 2024 results driven by strong peak season performance
Management Comments: FY 2023 EBIT included a €+114m accounting one- time effect in DGFF (revaluation related to the 2024 results driven by strong peak season performance across all divisions acquisition of 100% stake in DHL Logistics in UAE), €-30m in P&P Germany (early retirement program) Q4 2024 G
Slide 14: DHL Express: Efficient network utilization in peak season
Management Comments: Despite continued muted macro backdrop, Express DHL Express: Efficient network utilization in peak season driven by combination of saw the expected seasonal volume uplift in Q4 vs. yield, productivity and cost levers Q3, in line with historic patterns (Q4 TDI shipments/day +11%
Slide 15: Structural improvement in DHL Express EBIT despite macro volatility
Management Comments: Express TDI B2B volumes remain below 2019 levels reflecting a cyclical soft patch. Nevertheless, Structural improvement in DHL Express EBIT despite macro volatility EBIT/SpD is structurally higher vs 2019, setting the base for further improvement driven by operating TDI B2B volu
Slide 16: Back to fundamentals: Why Express EBIT is structurally higher
Management Comments: Although B2B shipments per day are below 2019 Back to fundamentals: Reasons why Express EBIT is structurally higher despite levels, Express continues to maintain a higher lower B2B volumes profitability (see previous page). This is due to higher weight/shipment in B2B, structura
Slide 17: Strategic focus has driven structurally higher Free Cash Flow generation
Management Comments: Our strong focus on FCF generation continues to bear fruit also in a low growth environment and we Strategic focus has driven structurally higher Free Cash Flow generation were able to maintain a €3bn level of FCF excl. Net M&A in 2024. As evident in our net capex (FY 2024: -15%
Slide 18: Greater emphasis on ROIC to keep optimizing capital allocation
Management Comments: Our disciplined approach to capital management, maintaining a stable Capex-to-revenue ratio yoy, Greater emphasis on ROIC to keep optimizing Group capital allocation has effectively protected ROIC in 2024. Having successfully increased focus and awareness on Free Cash Flow gener
Slide 19: Wrap-Up: Strong Cashflow Generation
Management Comments: Amid macroeconomic and geopolitical uncertainties, we focus on what we can control, Wrap-Up driving accelerated sustainable growth while ensuring a return to profit growth through “Fit for Growth”. Cash Flow generation is the ultimate measure of Strong our financial performance
Slide 20: Appendix
APPENDIX Q4/FY 2024 RESULTS | DHL GROUP INVESTOR RELATIONS | 6 MARCH 2025 20 20
Slide 21: Group P&L
Group P&L in €m FY 2023 FY 2024 yoy Revenue 81,758 84,186 +3% EBIT 6,343 5,886 -7% Income Taxes -1,580 -1,494 +5% Net Profit attributable to 3,675 3,332 -9% DPAG shareholders Basic EPS (in €) 3.09 2.86 -7% Q4/FY 2024 RESULTS | DHL GROUP INVESTOR RELATIONS | 6 MARCH 2025 21 21
Slide 22: Cash Flow Statement
Cash Flow Statement in €m FY 2023 FY 2024 yoy EBIT 6,343 5,886 -457 Depreciation/amortization 4,479 4,720 +241 Change in working capital 536 -205 -741 Other -2,100 -1,679 +421 Operating Cash Flow 9,258 8,722 -536 Net capex -3,228 -2,747 +481 Net cash for leases -2,761 -2,988 -227 Net M&A -381 -12 +3
Slide 23: 2024 Group ESG targets
2024 Group ESG targets 2024 targets 2024 results Realized 1.5 m tons CO2e 1,584 kt CO2e Decarbonization Effects Employee >80% 82% Engagement Accident rate ≤16.5 14.5 (LTIFR*) Cybersecurity ≥690 points 750 points rating by BitSight *Lost time injury frequency rate per 1 million working Q4/FY 2024 RES
Slide 24: Global Forwarding, Freight: Q4 peak season supported by strong GP/unit
Global Forwarding, Freight Q4 peak season supported by strong GP/unit performance Air Freight (AFR) Ocean Freight (OFR) 600 1800 800 800 1600 700 700 500 589 596 1400 561 531 528 376 600 600 400 359 357 369 1200 500 500 335 1000 468 445 300 433 435 437 400 400 858 800 847 832 300 300 200 771 777 600
Slide 25: eCommerce: Strong Q4 EBIT contribution from peak season
eCommerce Strong Q4 EBIT contribution from peak season ▪ Strong Q4 EBIT of €106m driven by both strong volume growth during peak season and yield discipline including peak surcharges +39% 145k +9% ▪ FY 2024 EBIT posted at €281m (-3% yoy), held back by ongoing network investments to cater for the str
Slide 26: P&P Germany: Expected strong seasonal EBIT contribution
P&P Germany Expected strong seasonal EBIT contribution supported by yield actions Post vs Parcel Revenue development Post Parcel ▪ Parcel revenue +8% yoy in Q4, reflecting 4% volume growth and higher yields incl. peak season surcharges. However, Parcel-driven revenue growth was insufficient to offse