Slide 1: Q2 2025 Results
Q2 2025 RESULTS MELANIE KREIS, GROUP CFO INVESTOR PRESENTATION DHL Group Bonn, August 5, 2025
Slide 2: Highlights
HIGHLIGHTS Impact of lower volume Impact of lower volume effectively managed through cost actions effectively managed – and price discipline – global trade highly volatile with international Strategy 2030 sets the right flows partly offsetting weaker US trade fundamental priorities Strong Q2 perform
Slide 3: Global trade is highly diversified
GLOBAL TRADE IS HIGHLY DIVERSIFIED DHL is well-positioned to support businesses in diversifying their global trade Global trade mix Our observations on global trade By destination, FY2024, in % • Trade remains global: US tariffs impact the largest market, but it United States is only one of many des
Slide 4: DHL volume development
DHL VOLUME DEVELOPMENT Highly volatile & slower, but overall resilient global trade flows across all modes Q2 2025 volume development, yoy Our observations on market development EXP TDI SpD B2B -2% B2B: • Volume development very volatile across weeks and tradelanes AFR tonnes +1% throughout the quar
Slide 5: Group of strong divisions
GROUP OF STRONG DIVISIONS Q2 2025 Group EBIT +6% yoy to €1,429m; H1 2025 Group EBIT €2,799m (yoy: +5%; +€137m) DHL Global Post & Parcel DHL Express Forwarding, Freight DHL Supply Chain DHL eCommerce Germany €730m (+7%) €196m (-30%) €348m (+24%) €56m (-16%) €166m (+28%) TDI shipments/day -10%, Slower
Slide 6: Q2 2025: Non-recurring effects
Q2 2025: NON-RECURRING EFFECTS in €m Q2 EBIT excl. Q2 EBIT non-recurring items Cost of Change Net M&A effects DSC Others reported -58 54 7 Of which: Mainly related to Reflecting - EXP €-30m a positive re- structural - DGFF €-19m evaluation effect measures in (incl. €-14m from the first- Group Functi
Slide 7: Fit for Growth complements effective capacity management
PROFITABILITY ACCELERATORS FIT FOR GROWTH COMPLEMENTS EFFECTIVE CAPACITY MANAGEMENT DHL EXPRESS, Q2 2025 YOY Impact of lower volume effectively managed through cost actions Examples Aviation cost PuD cost -7.7 % Reduction of aviation -5.2 % Reduction in global net supply cost (at pick-up and deliver
Slide 8: Q2 2025: Express
DHL Express Q2 2025: EXPRESS Successful focus: right volumes, at the right price – served by highest quality, flexible & cost-efficient network DHL Express Time Definite International Key Q2 actions By destination, Billed Weight Q2 2025 Q2 yoy Reduction in air capacity and related costs: -7.0% MEA +
Slide 9: 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 a potential further escalati
Slide 10: Delivering on priorities of our Finance Strategy
DELIVERING ON PRIORITIES OF OUR FINANCE STRATEGY Ongoing strong cash flow generation allows us to deliver on all key priorities of our Finance Strategy OCF Capex Dividend Dividend Share Buyback M&A €3.9bn €2.8bn €2.1bn €0.9bn €0.3bn H1 Operating H1 Net cash for 2025 Dividend Executed H1 Net cash for
Slide 11: M&A announcements in H1 2025
TOP-LINE GROWTH ACCELERATORS M&A ANNOUNCEMENTS IN H1 2025 Targeted, complementary inorganic growth; executing on Strategy 2030 General criteria Scalable Capabilities • Strategic value-add to group capabilities and customer E-Commerce Life Sciences offering & Healthcare • Accretive to earnings • Mana
Slide 12: We continue to invest in GDP+ growth markets and sectors
TOP-LINE GROWTH ACCELERATORS WE CONTINUE TO INVEST IN GDP+ GROWTH MARKETS AND SECTORS Targeted organic investments to expand capabilities in strategic sectors and high-growth regions Examples Life Sciences & New Energy Geographic E-Commerce Digital Sales Healthcare Tailwinds Continued investment in
Slide 13: Wrap-Up
Wrap-Up Impact of lower volume Strong Q2 performance – impact of lower volume effectively effectively managed – managed through cost actions and price discipline Strategy 2030 sets the right fundamental priorities Top-line Growth Accelerators – targeted investments in key identified GDP+ growth oppo
Slide 14: Appendix
APPENDIX
Slide 15: Q2 2025: Group P&L and cash flow
Q2 2025: GROUP P&L AND CASH FLOW Slower volume momentum effectively managed €19,826m Operating €1,710m Revenue (-4% yoy) Cash Flow (+6% yoy) €1,429m -€547m EBIT (+6% yoy) Net Capex (-9% yoy) Net Profit* €815m -€253m (+10% yoy) Net M&A (<-100% yoy) Basic EPS €0.72 Free Cash Flow €329m (in €) (+13% yo
Slide 16: Q2 2025: Global Forwarding, Freight
DHL Global Forwarding, Freight Q2 2025: GLOBAL FORWARDING, FREIGHT Short-term volatility translating into slower volume momentum, but stable GP/unit • Volume development very volatile across -1% Q2 2024 weeks and tradelanes throughout the +1% Q2 2025 561 555 quarter – eventually resulting in slower
Slide 17: Q2 2025: Supply Chain
DHL Supply Chain Q2 2025: SUPPLY CHAIN Continued EBIT growth at industry-leading margin Resilient long-term contract business model €293m +7% • Reported EBIT includes net M&A effects of €54m, mainly related to a positive re-evaluation effect from the first-time full consolidation of DHL Supply Chain
Slide 18: Q2 2025: eCommerce
DHL eCommerce Q2 2025: ECOMMERCE Investing into structural growth trend while maintaining positive FCF in H1 2025 B2C Parcel Volumes Europe, Q2 2025 yoy • Structural e-commerce trend fully intact, with large spreads in growth rates across +11% countries • Network investments ongoing, but +6% growth
Slide 19: Q2 2025: P&P Germany
Post & Parcel Germany Q2 2025: P&P GERMANY Successful transformation ongoing; short-term consumer moderation offset by effective cost actions Q2 2024 • Parcel growth, regulated mail price increase and +10% cost measures drive EBIT growth of 28% yoy Q2 2025 +4%* • Like-for-like Parcel revenue increas
Slide 20: Disclaimer
Disclaimer This presentation contains certain statements that are neither reported results nor other historical information. These forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking state