Slide 1: Q1 2025 Results
Q1 2025 RESULTS TOBIAS MEYER, GROUP CEO MELANIE KREIS, GROUP CFO DHL Group Bonn, April 30, 2025
Slide 2: Highlights
HIGHLIGHTS Good Q1 performance in Q1 Group EBIT up 5% with strong Q1 FCF (excl. Net M&A) of €732m: yoy EBIT difficult markets; tariff increases in Express, Supply Chain and P&P Germany developments increase volatility further Q1 macro development subdued as expected, with added volatility in the con
Slide 3: Our customers are facing ever increasing complexity in global trade
OUR CUSTOMERS ARE FACING EVER INCREASING COMPLEXITY IN GLOBAL TRADE Overview current U.S. trade policy 10% 90 days 145% U.S. baseline tariffs are in suspension of incremental tariffs effective tariffs on Chinese imports, place since April 5 (above 10% baseline) announced China announced retaliatory
Slide 4: Six emerging supply chain moves
SIX EMERGING SUPPLY CHAIN MOVES EXAMPLES Industries are already reacting to new tariff announcements Industry relevance Supply chain moves E-commerce Automotive Electronics Life Sciences 1 ( Wait and see Maintain current operations without immediate changes to supply chain ( or transportation until
Slide 5: DHL can support customers through recent tariff changes
DHL CAN SUPPORT CUSTOMERS THROUGH RECENT TARIFF CHANGES EXAMPLES DHL offering tailored logistics solutions from Express to Freight Forwarding and warehousing Duty drawback Break Bulk Express (BBX) Free-Trade Zone (FTZ) USMCA* Identification and recovery of Consolidated parcel shipping to Deferred en
Slide 6: DHL Express and DGF international footprint
DHL EXPRESS AND DGF INTERNATIONAL FOOTPRINT DHL Express and DGF have a balanced and diversified geographical exposure Shipments by tradelanes (FY 2024) APAC outbound China & HK to US 8% 4% Europe outbound 8% Americas outbound Rest DHL Express (TDI) DGF Air Freight DGF Ocean Freight Q1 2025 RESULTS |
Slide 7: We continue to invest in GDP+ growth markets and sectors
TOP-LINE GROWTH ACCELERATORS WE CONTINUE TO INVEST IN GDP+ GROWTH MARKETS AND SECTORS ▪ DHL Group will invest €2bn ▪ DHL Group has identified 20 ▪ DHL Group has enhanced its (organically) by 2030 to boost countries with above global GDP e-commerce capabilities by globally integrated healthcare growt
Slide 8: Fit for Growth: in implementation
PROFITABILITY ACCELERATORS FIT FOR GROWTH: IN IMPLEMENTATION DHL EXPRESS, Q1 2025 EXAMPLES: ▪ Aviation net supply cost (at ▪ Pick-up and delivery (PuD) cost ▪ Direct FTE declined by -3% yoy constant fuel price) declined by reduced by -1% yoy from operations optimization -7% yoy ▪ Delivery consolidat
Slide 9: Group of strong divisions
GROUP OF STRONG DIVISIONS Q1 2025 Group EBIT +5% yoy to €1,370m DHL Global Post & Parcel DHL Express Forwarding, Freight DHL Supply Chain DHL eCommerce Germany €662m (+5%) €202m (-23%) €268m (+5%) €52m (-9%) €281m (+45%) Unchanged volume Stable yoy volume and yield Continued EBIT growth at Organic g
Slide 10: Q1 2025: Express
DHL Express Q1 2025: EXPRESS EBIT grew by +5% yoy despite expected unchanged volume dynamic, driven by ramp up of cost benefits DHL Express Time Definite International Shipments/Day yoy Key Q1 actions 60% Reduction in air capacity and related costs: 5% capacity B2C reduction yoy in Q1 including 4% r
Slide 11: Q1 2025: DHL Global Forwarding, Freight
DHL Global Forwarding, Freight Q1 2025: DHL GLOBAL FORWARDING, FREIGHT Stable performance in DGF; Freight EBIT down in challenging markets +1% • Volume stable yoy, with increased Q1 2024 Q1 2025 volatility but no major distortions from -3% 588 595 tariff speculations 435 422 Air Freight • GP/unit ho
Slide 12: DHL Group guidance: unchanged
DHL GROUP GUIDANCE: UNCHANGED FY 2025 target, in €bn ≥6.0 ~3.0 3.0-3.3 Group EBIT FCF excl. Net M&A Gross Capex excl. leases ≥5.5 ~1.0 ~-0.4 28-30% DHL P&P Germany Group Functions Tax Rate ▪ Base assumption: continued muted macro environment ▪ This outlook does not cover potential impacts of changes
Slide 13: Executing on what we can control
Ready for more DHL Group EXECUTING ON WHAT WE CAN CONTROL Further increased volatility in tariff & macro conditions – Strategy 2030 sets right priorities for our actions Cost & Capex Top-line Growth Profitability Control Accelerators Accelerators All divisions well positioned We are leveraging GDP+
Slide 14: Appendix
APPENDIX
Slide 15: Q1 2025: Group P&L and cash flow
Q1 2025: GROUP P&L AND CASH FLOW Good Q1 performance in difficult markets €20,809m Operating €2,178m Revenue (+3% yoy) Cash Flow (+9% yoy) €1,370m -€618m EBIT (+5% yoy) Net Capex (+8% yoy) Net Profit* €786m -€40m (+6% yoy) Net M&A (<-100% yoy) Basic EPS €0.68 Free Cash Flow €732m (in €) (+8% yoy) ex
Slide 16: Q1 2025: DHL Supply Chain
DHL Supply Chain Q1 2025: DHL SUPPLY CHAIN Continued strong performance demonstrates our ability to deliver sustained growth and profitability Sustainable top- and bottom-line growth €735m +9% • Continued positive dynamic with revenue +1.1% and EBIT +5% yoy in Q1 Q1 2025 New business wins Total Cont
Slide 17: Q1 2025: DHL eCommerce
DHL eCommerce Q1 2025: DHL ECOMMERCE Organic growth of 6% driven by B2C volume growth and yield measures Targeted investment into network expansion holding back EBIT growth Key actions • Yield Management: Annual GPIs DHL eCommerce, LTM rolling, €m implemented in all countries 700 EBITDA +13% yoy • I
Slide 18: Q1 2025: P&P Germany
Post & Parcel Germany Q1 2025: P&P GERMANY E-commerce and yield management driving parcel revenue; Mail revenue up on regulated price increase Comments Q1 2024 +10% Q1 2025 • Changes in the product portfolio have +4%* anticipated effect on reported yoy change in Parcel (up) and Mail (down) Parcel +1