Gxo Logistics, Inc. · NYSE:GXO
Gxo Logistics — Q2 2025 Earnings Presentation
21 slides from Gxo Logistics's earnings presentation, Aug 6, 2025
Slide 1: Second quarter 2025 results
August 5, 2025 Second quarter 2025 results © GXO Logistics, Inc.
Slide 2: Disclaimer
Disclaimer Non-GAAP Financial Measures: As required by the rules of the Securities and Exchange Commission (“SEC”), we provide reconciliations of the non-GAAP financial measures contained in this presentation to the most directly comparable measure under GAAP, which are set forth in the financial ta
Slide 3: Presenters
Presenters Malcolm Wilson Baris Oran Kristine Kubacki Chief Executive Officer Chief Financial Officer Chief Strategy Officer © GXO Logistics, Inc. 3
Slide 4: GXO is building the supply chain of the future
GXO is building the supply chain of the future. We design and operate the most technologically advanced logistics solutions in the world. © ©GXO GXOLogistics, Logistics,Inc. Inc. 4
Slide 5: Our value creation framework
Our value creation framework Outsized growth driven 1 by secular tailwinds 4 Customer-centric culture 2 Global scale 5 Effective capital allocation Leadership in technology Compelling financial profile 3 and automation 6 and long-term growth algorithm © ©GXO GXOLogistics, Logistics,Inc. Inc. 5
Slide 6: 2Q 2025 executive summary
2Q 2025 executive summary Delivered 6% organic revenue growth(1), the highest result in nine quarters Signed new business wins of $307 million(2)(3), up 13% year over year Raised full-year 2025 adjusted EBITDA guidance(1) Repurchased an additional 2.6 million shares (1) Refer to the ‘Non-GAAP Financ
Slide 7: 2Q 2025 financial highlights
2Q 2025 financial highlights Key highlights Organic Revenue $3.3 billion revenue(1) up 6% • Signed new business wins of $307 million in annualized revenue Adjusted during 2Q 2025(2)(4) Net income $28 million EBITDA(1) $212 million • Sales pipeline has increased year over year to $2.4 billion as of 2
Slide 8: 2Q 2025 revenue growth
2Q 2025 revenue growth (In millions USD) 4% 6% 6% FX $3,299 16% Net M&A Organic(1) revenue $2,846 growth 2Q 2024 Revenue Organic growth Net M&A FX 2Q 2025 Revenue Year-over-year revenue growth in 2Q was 16%, of which 6% was organic(1) © GXO Logistics, Inc. (1) Refer to the ‘Non-GAAP Financial Measur
Slide 9: Recent wins and expansions
Recent wins and expansions © GXO Logistics, Inc. 9
Slide 10: New contract wins and outsourcing underpin long-term growth
New contract wins and outsourcing underpin long-term growth Expected incremental revenue contributions YTD 2025 contract wins by source(2) from contracts won through 2Q 2025 $795 million(1)(2) signed for 2025 26% 23% Won from Outsourcing competitors Sites previously Sites transferred operated by fro
Slide 11: Cash flow and balance sheet
Cash flow and balance sheet 2Q 2025 cash flow and returns 2Q 2025 balance sheet Operating 2Q 2025 Total debt(1) cash flow $3 million $2,686 million Mostly fixed-rate borrowings Free cash 2Q 2025 Net debt(1,2) flow(2) Liquidity of $1,208 million $(43) million $2,545 million available at end of 2Q 202
Slide 12: FY 2025 guidance
FY 2025 guidance FY 2025 guidance(1) Organic revenue growth(2) 3.5% – 6.5% Adjusted EBITDA(2)(3) $865 – $885 million Adjusted EBITDA to free cash flow conversion(2) 25% – 35% Adjusted diluted EPS(2) $2.43 – $2.63 (1) Based on current FX rates. (2) Refer to the ‘Non-GAAP Financial Measures’ section o
Slide 13: The GXO investment case
The GXO investment case Powerful secular Compelling Effective capital The GXO Difference drivers financial profile allocation framework • Innovation and organic • Automation • Tech and automation + = • Structural organic growth • E-commerce + • Resilient margins + growth • Investment grade balance +
Slide 14: Appendix
Appendix
Slide 15: Reconciliation of net income (loss) to adjusted EBITDA and adjusted EBITDA margins
GXO Logistics, Inc. Reconciliation of net income (loss) to adjusted EBITDA and adjusted EBITDA margins (unaudited) Year ended Trailing twelve Three months ended June 30, Six months ended June 30, December 31, months ended (In millions USD) 2025 2024 2025 2024 2024 June 30, 2025 Net income (loss) att
Slide 16: Reconciliation of net income (loss) to adjusted EBITA and adjusted EBITA margins
GXO Logistics, Inc. Reconciliation of net income (loss) to adjusted EBITA and adjusted EBITA margins (unaudited) Year ended Trailing twelve Three months ended June 30, Six months ended June 30, December 31, months ended (In millions USD) 2025 2024 2025 2024 2024 June 30, 2025 Net income (loss) attri
Slide 17: Reconciliation of net income (loss) to adjusted net income and adjusted earnings per share
GXO Logistics, Inc. Reconciliation of net income (loss) to adjusted net income and adjusted earnings per share (unaudited) Three months ended June 30, Six months ended June 30, (In millions USD, shares in thousands, except per share amounts) 2025 2024 2025 2024 Net income (loss) $ 28 $ 39 $ (67) $ 3
Slide 18: Net capital expenditures (“Net capex”)
GXO Logistics, Inc. Other reconciliations (unaudited) Reconciliation of cash flows from operations to free cash flow: Three months ended June 30, Six months ended June 30, (In millions USD) 2025 2024 2025 2024 Cash flows from operations(1) $ 3 $ 115 $ 32 $ 165 Capital expenditures (47) (88) (125) (1
Slide 19: Other reconciliations
GXO Logistics, Inc. Other reconciliations (unaudited) Reconciliation of revenue to organic revenue: Three months ended June 30, Six months ended June 30, (In millions USD) 2025 2024 2025 2024 Revenue $ 3,299 $ 2,846 $ 6,276 $ 5,302 Revenue from acquired business(1) (168) — (655) — Foreign exchange r
Slide 20: Liquidity reconciliations
GXO Logistics, Inc. Liquidity reconciliations (unaudited) Reconciliation of total debt and net debt: (In millions USD) June 30, 2025 Current debt $ 90 Long-term debt 2,596 Total debt(1) $ 2,686 Plus: Bank overdrafts (included in Other current liabilities) 64 Less: Cash and cash equivalents (excludin
Slide 21: Return on invested capital
GXO Logistics, Inc. Return on invested capital (unaudited) Adjusted EBITA, net of income taxes paid: Year ended Trailing twelve Six months ended June 30, December 31, months ended (In millions USD) 2025 2024 2024 June 30, 2025 Adjusted EBITA(1) $ 215 $ 191 $ 508 $ 532 Less: Cash paid for income taxe