Sal Saudi Logistics Services Company · TADAWUL:4263
Sal Saudi Logistics Services — FY2024 Earnings Presentation
20 slides from Sal Saudi Logistics Services's earnings presentation, 2025
Slide 1: SAL Saudi Logistics Services Co. FYE 31 December 2024
SAL Saudi Logistics Services Co. (Ticker: 4263.) 6. FYE 31 December 2024 2025
Slide 2: Disclaimer
Sy ALE | -_ Disclaimer This presentation contains forward-looking statements that reflect the current views and expectations of SAL Saudi Logistics Services Co's management based on available information. These staternents are inherently subject to risks, uncertainties, and changes in circumstances
Slide 3: Management team
Omar Talal Hariri Haydar Ucar CEO CFO \ Amer Abu Obeid Thunayan Al Thunayan President of Handling President of Logistics -3- SAL Saudi Logistics Services Co. (Ticker: 4263 SR) FYE 31 December 2024
Slide 4: This is SAL: company history
= Formation = SAL is carved of Saudia out of Saudia April 1945 Cargo December 2019 = Formationof = SALLists onthe Saudia Cargo Saudi Stock October 2007 Exchange November 2023 - 4 -Thisis SAL SAL Saudi Logistics Services Co, (Ticker: 4263 SR) FYE 31 December 2024
Slide 5: Leader in Cargo Handling
Leader in Cargo Handling - 5 - Thisis SAL s Emirates 4 Saudia 7 Biman ¢ Cargo QATAR msg. © Lufthansa Cargo <riAD caRco” o&., BANGLADESH aiRLines F'MQPIaNy SkyCargo | ‘ | Unrivaled World-Class CULO Ise Infrastructure = #1 Cargo = Trusted by = State-of-the-Art = Road Feeder Handling Provider Global Ai
Slide 6: This is SAL: airport network
Sy ALE 19 SAaeH SAL Saudi Logistics Services Co. (Ticker: 4263. R) 6 - Thisis SAL FYE 31 December 2024 BR coravar eu BB nour BB asx xr Xie RIYADH MEDINAH JEDDAH aenintZe BR uss aorn 9g 35 suavuean BB nanan Exe AIRPORTS
Slide 7: Expanding Beyond Cargo: Success in Logistics
Sy ALE Expanding Beyond Cargo: Success in Logistics Strategic Expansion & Growth Key Success Factors = Beyond Cargo = Strong Market = Aligned with Vision = Impressive = Diversified = Advanced Handling Positioning 2030 (Supporting revenue growth Offerings Infrastructure (Developed (Expanding Saudi Ar
Slide 8: 2024 Executive Summary
= - 2024 Executive Summary | | Revenue Profitability Growth = 412% revenue = EBIT: SAR 709 million growth: SAR 1.63 (+21% YoY). billion (2024). = Driven by volume = 20% handling growth, success of volume growth: Logistics expansion, Strong Q1 and recovery receivables courier demand. and cost efficie
Slide 9: 2024 Financial Highlights
= - 2024 Financial Highlights a sh. Net Profit: Adjusted SAR 661 million Free Cash Flow: 9 (BH Von) SAR 724 million = Increased income = — Lower tied up from murabaha working capital income = Limited CAPEX Dividends: SAR 494 million paid (Announced SAR 106 million for Q4) = Returned to shareholders
Slide 10: Handling Division 2024
= - Handling Division 2024 Comprehensive air cargo and ground handling services across Saudi Arabia’s major airports. With state-of-the-art facilities and real-time tracking, we ensure efficient cargo processing, courier handling, transit operations, and seamless airline logistics support. -10- SAL
Slide 11: Strong Growth & Operational Efficiencies
| Strong Growth & Operational Efficiencies Revenue: EBIT: EBIT Margin: SAR 14 billion SAR 687 million 50.4% (+1 2% YoY) (+20% YoY) (Up from 46.7% showing sustained operational efficiency) -11- Handling Division Performance (2024) Se ee oats Stee oe (MESHES)
Slide 12: Handling volume growth and key performance drivers
+20% volume growth | Key Performance Drivers Cost efficiencies Price resilience and (Lease savings & market turbulences improved asset (Turned to utilization) opportunities) ae Si . (Ticker: 4263.8) -12- Handling Division Performance (2024) Ea a a EMS IM ESERY)
Slide 13: Logistics Division 2024
Logistics Division 2024 Integrated supply chain solutions, including first-mile and last-mile delivery, warehousing, customs clearance, and freight forwarding. Using digital innovations and optimized processes, we ensure fast, reliable, and cost-efficient cargo movement across key logistics hubs. SA
Slide 14: Strong Growth & Operational Efficiencies
| Strong Growth & Operational Efficiencies -14- Logistics Division Performance (2024) Revenue: SAR 271 million (+15% YoY) EBIT: SAR 23 million (+41% YoY) EBIT Margin: 8.4% (Up from 6.8% reflecting strong profitability trends) SAL Saudi Logistics Services Co. (Ticker: 4263.SR) FYE 31 December 2024
Slide 15: Air freight tonnage growth and key performance drivers
35% in air freight tonnages | Key Performance eA : (Due to organic growth push) Drivers One offs offset project timing (Recovery of aged receivables in first half, and added doubtful provisions in second half along with timing of projects) - 15- Logistics Division Performance (2024) Increased wareho
Slide 16: Outlook 2025 beyond
Outlook 2025 beyond -16- SAL Saudi Logistics Services Co. (Ticker: 4263.SR) FYE 31 December 2024
Slide 17: Opportunities & Risks
Sy ALE = - Opportunities & Risks r | Opportun ies: Positioned for Growth -17- Saudi Vision 2030 & National Transport & Logistics Strategy (NTLS) (Expanding Saudis role as a global logistics hub) Air Cargo & E-Commerce Surge (Double-digit market growth driving demand) Financial Strength (Strong cash
Slide 18: Optimistic about the prospects for 2025
We are optimistic about the prospects for 2025 while recognizing that 2024 was an exceptional year that set a high benchmark for us to build upon.
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Slide 20: We Appreciate Your Time and Engagement
We Appreciate Your Time and Engagement. The Journey Continues - See You at our Next Dispatch!
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