Sal Saudi Logistics Services Company · TADAWUL:4263
Sal Saudi Logistics Services — Q2 2026 Earnings Presentation
31 slides from Sal Saudi Logistics Services's earnings presentation, Aug 3, 2026
Slide 1: Q2 2026 Earnings Presentation
Q 2 2026 Earnings Presentation 3 August 2026
Slide 2: Disclaimer
Disclaimer IMPORTANT: please read the following before continuing. The following applies to this document and the information contained the rein, the oral presentation by SAL Saudi Logistics Services Co. (the "Company") or any person on behalf of the Company, and any question -and -answer session th
Slide 3: Presenters
Presenters Omar Talal Hariri Haydar Ucar Chief Executive Officer Chief Financial Officer SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 3
Slide 4: SAL's Core Business Divisions Powering Saudi Arabia's Logistics Future
SAL ’s Core Business Divisions Powering Saudi Arabia's Logistics Future Aligned with the Ambitious Government Strategies and Investments Cargo Ground Handling Logistics Zones ▪ National scale : ▪ End -to -end solutions: Freight Forwarding, ▪ 1.5m sqm Falcon City hub with 19 Domestic, 1 International
Slide 5: Operating Environment
Operating Environment Air cargo activity recovered strongly during Q 2 as regional disruptions eased, despite continued capacity and cost pressures Activity and Supply -Chain Capacity and Strong Demand Amid Normalization Cost Pressures Cautious Outlook ▪ Air cargo activity recovered at the ▪ Disrupt
Slide 6: Overview of Q2 2026 Performance
Overview of Q 2 2026 Performance Record quarterly revenue and profit, driven by improving revenue quality and broad -based growth across Cargo Ground Handling and Logistics Record Financial Performance & Cargo Ground Handling Strength Strategic Execution Supported by Improving Earnings Quality & Log
Slide 7: Financial Performance
Q 2 2026 Financial Performance SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 7
Slide 8: Record Quarterly Revenue and Strong Earnings Growth
Record Quarterly Revenue and Strong Earnings Growth Revenue EBIT Net Profit ^ 512 ^ 213 ^ 191 30 % YoY million 24 % YoY million 18% YoY million SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 8
Slide 9: Financial Summary
Q 2 2026 Financial Summary Broad -based growth, improving quality and recovering cargo activity delivered SAL ’s strongest quarterly financial performance to date Revenue Operating Profit (EBIT) (^ Million) (^ Million) ▪ Record quarterly revenue to date , supported ▪ EBIT increased 24 % YoY, support
Slide 10: Financial Summary: Operating Profit and EBIT Margin by Division
Operating Profit (EBIT) Q 2 2026 Financial Summary (^ Million) and (%) EBIT Margin (%) 57.0% 250,000 219 218 Margins Remained Resilient While 55.0% 183 188 200,000 Cargo Ground Handling 166 Investing in Future Growth 53.0% 51.9% 150,000 ▪ Disciplined commercial management , service -mix 51.0% 49.4%
Slide 11: Financial Summary: Working Capital
Q 2 2026 Financial Summary Disciplined Working Capital Management Continued to Support Strong Cash Conversion NWC and NWC Margin (^ Million) and (%) 250 ▪ Working capital performance reflected more efficient 236 40 cash -conversion cycles and disciplined receivables and payables management. 200 189
Slide 12: Financial Summary: Cash Flow Movement
Q 2 2026 Financial Summary Cash Flow Movement (^ Million) Strong Cash Generation and Funding Access Supported Disciplined Capital Deployment 992 (158) ▪ Closed the period with a strong net cash position of ^ 1.3 (144) billion, supported by robust operating cash generation and disciplined working -ca
Slide 13: Division Deep Dive: Cargo Ground Handling
Division Deep Dive: Cargo Ground Handling SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 13
Slide 14: Cargo Ground Handling Division: Strong Cargo Recovery Supports Record Revenue and EBIT Growth
Cargo Ground Handling Division: Strong Cargo Recovery Supports Record Revenue and EBIT Growth Revenue EBIT EBIT ^ 438 Margin 49.8 % ^ 218 29 % YoY million 0.9 pp YoY 32 % YoY million SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 14
Slide 15: Cargo Ground Handling Performance Highlights
Cargo Ground Handling Performance Highlights Record revenue and operating profit driven by recovering cargo volumes, stronger import activity, improved cargo mix and disciplined commercial execution Revenue ( ^ Million) Stronger Import Activity Commercial Execution and Digital capabilities +29 % and
Slide 16: Cargo Ground Handling Performance Highlights: Volumes
Cargo Ground Handling Performance Highlights Cargo volumes recovered strongly, with higher import activity and an improved cargo mix supporting revenue quality Volumes (Million KGs) 9% ▪ SAL handled 239 million KGs in Q 2 2026 , up 9 % YoY, reflecting a strong recovery in cargo activity following th
Slide 17: Division Deep Dive: Logistics
Division Deep Dive: Logistics SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 17
Slide 18: Logistics Division: Strong Revenue Growth and Significant Sequential Improvement in Profitability
Logistics Division: Strong Revenue Growth and Significant Sequential Improvement in Profitability Revenue EBIT EBIT ^ 74 Margin (2.5 ) % ^ (2) 34 % YoY million 14.6 pp YoY Loss narrowed by SAR 11mn QoQ million SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 18
Slide 19: Logistics Performance Highlights
Logistics Performance Highlights Stronger commercial execution, higher asset utilization and an expanded customer base are improving profitability and reinfor cin g the path toward sustainable earnings Revenue ( ^ Million) Customer Wins 34% Broader Activity Base Higher Utilization Improving Strength
Slide 20: Capital Allocation and Deployment
Capital Allocation and Deployment SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 20
Slide 21: Capital Allocation and Deployment
Capital Allocation and Deployment Cargo Ground Expansion and modernization of cargo terminals and warehouse Handling infrastructure across key airport (^ 9 00 mn) hubs. Annual CAPEX - ^ millions Capacity expansion through new Logistics warehouses and logistics facilities Cargo Handling SAL Logistics
Slide 22: Outlook and Guidance
Outlook and Guidance SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 22
Slide 23: Recap of SAL Growth Initiatives
Recap of SAL Growth Initiatives Cargo Ground Logistics Zones Handling Strengthening the Core Advancing the Next Creating the Next Long - Growth Engine Growth Enabler Term Growth Platform ▪ Expanded airline partnerships and ▪ Improved warehouse utilization and ▪ Advanced Phase 1 development operating
Slide 24: Aviapartner Liège SA Acquisition: Marking SAL's First International Expansion
Aviapartner Liège SA Acquisition: Marking SAL’s First International Expansion Acquired Business & Transaction Overview Strategic Rationale Provides an established operating Adds warehouse and ramp Purchase Price EV/EBITDA Multiple Ownership Structure Financial platform without the lead time of a fac
Slide 25: Liège Airport – A Strategic European Cargo Hub
Liège Airport – A Strategic European Cargo Hub Strategic Location – Liège Airport (LGG) 1.3 million tonnes (+13.9% YoY) Liège Airport combines scale, round -the - Total cargo handled in 2025 at Liège Airport clock operations, available infrastructure and access to an established airline and logistic
Slide 26: 2026 Outlook & Priorities
2026 Outlook & Priorities Area Outlook Strategic Levers Cargo Ground Remains SAL’s resilient earnings base, with healthy Automation, product innovation, cost control, demand, resilient import activity and constrained long -term client growth, international Handling industry capacity supporting opera
Slide 27: Closing Remarks & Key Takeaways
Closing Remarks & Key Takeaways ✓ Record quarterly revenue and profit driven by improving revenue quality. ✓ Cargo Ground Handling remained resilient, while Logistics continued improving toward profitability. ✓ Successfully executed key growth initiatives , including the completion of the Aviapartne
Slide 28: We appreciate your time and engagement today
We appreciate your time and engagement today. SAL’s journey continues. See you at our next dispatch! sal.sa 28
Slide 29: Q&A Get in Touch
Q&A GET IN TOUCH Click Here to visit our New Upgraded IR Webpage For more information contact us on: +966 12 696 4618 +966 550 120 163 Investor.Relations@sal.sa www.sal.sa/investor -relations @SaudiaLogistics SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 29
Slide 30: Appendix
Appendix SAL Saudi Logistics Services Co. (Ticker: 4263.SR) Q2 2026 Results 30
Slide 31: IFRS 18 – Preliminary Impact Assessment 2026 Q2
IFRS 18 – Preliminary Impact Assessment 2026 Q2 Translation IAS 1 IFRS 18 adjustments ( ^ Million) Revenue 957 0 957 Revenue Gross Profit 544 182 726 Gross Profit (113) 453 EBITDA Operating profit before (62) 391 special items IFRS 18 impacts presentation and Operating Profit 384 (7) 384 Operating P
SAL Saudi Logistics Services — Q2 2026 Earnings Presentation on 6ix