Slide 1: Results Presentation FY-2025
Results Presentation FY-2025 1 October 2024 - 30 September 2025 November 6th, 2025
Slide 2: Disclaimer
Disclaimer > This document has been prepared by Logista Integral, S. A. (“Logista” or “the Company”) for information purposes, and does not constitute an offer of purchase, sale or exchange, nor an invitation for an offer of purchase, sale or exchange of shares of the Company, nor any advice or reco
Slide 3: Key Highlights for the Period
Key Highlights for the Period
Slide 4: Key Highlights
Key Highlights 01 Positive performance in main activities in Iberia and Italy 02 Relevant profit on inventory for the period 03 FY2025 stable dividend proposal 04 Continuous commitment towards ESG
Slide 5: Key Highlights – Financial Performance
Key Highlights – Financial Performance Economic Sales per Region (% vs. FY-2024) 13,536 M€ Iberia 1,809 M€ 378M€ 1,181M€ 45 M€ +3% 333 281 Italy M€ M€ 434M€ 4% 3% (2%) (9%) +8% France Revenues Economic Sales Adjusted EBIT Net Profit 200M€ (7%) Year on year Economic Sales growth backed by a strong pr
Slide 6: Key Highlights – Profit on Inventory
Key Highlights – Profit on Inventory Excise Tax increases ▪ Spain • First significant increase in tobacco excise taxes for years (small increases in 2022 and 2023) +28% • New taxes on NGP products (HnB1, liquids, disposables, nicotine pouches) • Tax increase for cigarettes equivalent to c. 0.20€/pac
Slide 7: Key Highlights – Dividend Proposed for 2025
Key Highlights – Dividend Proposed for 2025 Dividend Proposal for 20251 277M€ Increasing payout ratio to distribute a stable dividend 2.09€/sh. for 2025 99% Payout In line with our guidance the dividend proposed for 2025 equals last year’s dividend Notes: (1) dividend proposal for FY 2025 including
Slide 8: Key Highlights – Stable Dividend Proposed for 2025
Key Highlights – Stable Dividend Proposed for 2025 Dividendsallocated to FY (M€) 98 119 139 149 156 156 164 183 245 277 277 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 Total dividends since IPO of more than 1,960M€ Notes: (1) dividend proposal for FY 2025 including interim dividend alre
Slide 9: Key Highlights – FY2025 Sustainability plan update
Key Highlights – FY2025 Sustainability plan update FY2023 FY2024 FY2025 Target FY2026 ENVIRONMENTAL KMs rolled by sustainable fleet1 82% 84% 85% 90% NGP recycling PoS 0 30,950 33,443 33,800 Talent Density in Critical Positions 92% 93% 90% 95% SOCIAL women in upper and middle 27% 27% 32% 30% manageme
Slide 10: Business Overview
Business Overview
Slide 11: Iberia
Iberia Tobacco & Related Transport Pharma Other Businesses ▪ Total tobacco1 volume in Spain & ▪ Long Distance transport has suffered ▪ 10% Eco Sales growth in ▪ Reduction in volumes Portugal of -0.4% yoy from a European demand slowdown Pharma supported by new distributed leading to a ▪ Change in Inv
Slide 12: Transportes El Mosca Turnaround
Transportes El Mosca Turnaround Turnaround Actions Logista has put in place a new management, who bring expertise on sea freight and road transportation Simplification of the company’s structure, generating cost savings and improving agility Embedding control and compliance systems to Logista’s stan
Slide 13: Italy
Italy Tobacco Distribution Related Products Pharma ▪ Total tobacco1 volume -0.9% yoy ▪ Recycle-Cig: increase in tobacconists ▪ Continue organic growth with new ▪ Change in Inventory Value2 of 7M€ after around the country having joined the laboratories change in taxes and in tobacco prices in initiat
Slide 14: France
France Tobacco Distribution Related Products ▪ Total tobacco1 volume fall of -9% yoy ▪ Continuous growth in the electronic ▪ Change in Inventory Value2 of 4M€ after transactions’ business (E-Money). change in taxes and increases of tobacco ▪ Increase in the number of tobacconists prices in France of
Slide 15: Main Financials
Main Financials
Slide 16: Main Financials – Adjusted EBIT Bridge
Main Financials – Adjusted EBIT Bridge (M€, yoy%) (2)% Economic Sales ▪ Positive performance in main activities in Iberia and Italy ▪ Relevant Profit on inventory driven by the changes in tobacco pricing and tax increases in all three regions Adjusted EBIT ▪ 2% yoy decrease as a result from the unde
Slide 17: Main Financials – Net Profit Bridge
Main Financials – Net Profit Bridge (M€, yoy%) (9)% Financial Results ▪ 73M€ financial income vs. 103M€ last year as a result of lower interest rates ▪ Average interest rate for the period of 2.79% + spread of 0.75% (vs. 4.10% average + 0.75% for FY-2024) Taxes ▪ Effective tax rate of 26.3% vs. 26.5
Slide 18: Main Financials – Normalized FCF Bridge
Main Financials – Normalized FCF Bridge (M€) EBITDA ▪ EBITDA in line with the previous year. Financial Results ▪ 72M€ financial income collected vs. 101M€ last year given the lower interest rates during the period Restructuring Costs & others ▪ Includes 7M€ of restructuring & other costs paid during
Slide 19: Main Financials – Stock Performance
Main Financials – Stock Performance 9% 150 2025 TSR1 140 130 7% 120 110 2025 Share Price 2 100 90 31.00€ LOGISTA IBEX 35 IBEX TOP DIVIDEND Max. Share Price3 Notes: (1) Total Shareholder Return from September 30th, 2024 to September 30th, 2025 inc. dividend paid but not reinvested, (2) share price ap
Slide 20: Closing Remarks
Closing Remarks
Slide 21: Closing Remarks
Closing Remarks 01 Annual financial performance supported by a strong profit on inventory 02 Continue to implement measures to improve operating results 03 ESG commitment executed through our 2024-2026 sustainability plan 04 Increasing payout to distribute a stable dividend
Slide 22: 2026 Outlook
2026 Outlook 1 Following the diversification strategy Logista will continue to seek small and mid-size acquisitions looking for geographical and business diversification 2 Maintaining the dividend policy remains a priority Logista intends to distribute in 2026 a dividend of at least €2.09 per share,
Slide 23: Appendix
Appendix & Logista |
Slide 24: Appendix. Revenues Evolution (by segment and activity)
Appendix. Revenues Evolution (by segment and activity) M€ FY 2025 FY 2024 Δ% Iberia 5,172 4,843 6.8% Tobacco and related products 4,205 3,892 8.0% Transport 900 890 1.1% Pharmaceutical distribution 306 273 12.0% Other businesses 18 19 (3.0)% Adjustments (257) (231) (11.2)% Italy 4,781 4,436 7.8% Tob
Slide 25: Appendix. Economic Sales Evolution (by segment and activity)
Appendix. Economic Sales Evolution (by segment and activity) M€ FY 2025 FY 2024 Δ% Iberia 1,181 1,144 3.2% Tobacco and related products 420 389 8.0% Transport 732 726 0.7% Pharmaceutical distribution 112 102 9.6% Other businesses 18 18 (2.6)% Adjustments (100) (91) (10.4)% Italy 434 402 7.9% Tobacco
Slide 26: Appendix. Adjusted EBIT Evolution (per area)
Appendix. Adjusted EBIT Evolution (per area) M€ FY 2025 FY 2024 Δ% Iberia 191 202 (5.3)% Italy 134 121 10.6% France 53 63 (14.9)% Total Adjusted EBIT 378 385 (1.9)% 26
Slide 27: Appendix. Profit & Loss Account
Appendix. Profit & Loss Account M€ FY 2025 FY 2024 Δ% Revenues 13,536 12,986 4.2% Economic sales1 1,809 1,757 3.0% (-) Operating cost of logistics networks1 (1,256) (1,206) (4.2)% (-) Commercial operating expenses1 (73) (67) (8.6)% (-) Operating expenditure on research and central offices1 (101) (98
Slide 28: Appendix. Cash Flow Statement
Appendix. Cash Flow Statement M€ FY 2025 FY 2024 Change EBITDA 495 495 (1) Restructuring and other payments (7) (15) 8 Net financial income/(expense) 72 101 (30) Normalised taxes (114) (125) 10 Investment (Capex) (54) (47) (7) Rent payments (76) (69) (6) Normalised Cash Flow 315 340 (25) Change in w
Slide 29: Appendix. Balance Sheet
Appendix. Balance Sheet M€ Sept.-25 Sept.-24 Property, plant and equipment and other fixed assets 485 484 Net long-term financial investments 34 32 Net goodwill 1,012 1,012 Other intangible assets 201 262 Deferred tax assets - - Net inventory 1,893 1,824 Net receivables and other 2,034 2,003 Cash an
Slide 30: Appendix. Alternative Performance Measures
Appendix. Alternative Performance Measures Purchase Price Allocation (PPA, M€): Amortization of the intangible assets linked to the acquisitions of the French business, Speedlink, Carbó Collbatallé,Transportes El Mosca, Gramma Farmaceutici and BPS. 61 60 60 8 8 8 6 3 3 3 3 3 1 1 1 1 1 1 5 FY25 FY26
Slide 31: Appendix. Alternative Performance Measures
Appendix. Alternative Performance Measures Economic Sales: equivalent to Gross Profit and used without distinction by the Group’s Management to refer to the figure resulting from subtracting Procurements from the Revenue figure. The Group’s Management considers that this figure is a meaningful measu
Slide 32: Appendix. Alternative Performance Measures
Appendix. Alternative Performance Measures Adjusted EBIT: This indicator is calculated, basically, by deducting from the Operating Profit those costs that are not directly related to the revenue obtained by the Group in each period, thus facilitating the analysis of the Group’s operating costs and m
Slide 33: Appendix. Alternative Performance Measures
Appendix. Alternative Performance Measures Adjusted EBIT margin over Economic Sales: calculated as Adjusted EBIT divided by Economic Sales (or, indistinctly, Gross Profit). This ratio is the main indicator used by the Group’s Management to analyse and measure the profitability obtained by the Group’
Slide 34: Appendix. Alternative Performance Measures
Appendix. Alternative Performance Measures Operating costs: these include the costs of logistics networks, commercial expenses, research expenses and head office expenses that are directly related to the revenues obtained by the Group in each period. It is the main figure used by the Group’s Managem
Slide 35: Appendix. Alternative Performance Measures
Appendix. Alternative Performance Measures Non-recurring costs: This term refers to those expenses which, although they might occur in more than one period, do not have continuity in time (unlike operating expenses) and only affect the accounts at a specific moment. This figure helps the Group’s Man
Slide 36: Your partner along the way, all the way
Your partner along the way, all the way