Move Logistics : FY23 Results Presentation

MOVE LOGISTICS GROUP LIMITED

FY23 RESULTS

Craig Evans, Chief Executive Officer

Lee Banks, Chief Financial Officer

30 August 2023

INTRODUCING CRAIG EVANS

Commenced as MOVE CEO in February 2023

Extensive industry experience: 35 years with Mainfreight. Prior to that, four years with Freightways

Leadership: From branch level to national management. Six-plus years as Mainfreight New Zealand Country Manager

Based in Christchurch, travels the network extensively

FY23 Results Presentation

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FY23 PERFORMANCE SNAPSHOT

INCOME	EBITDA	EBIT	NLAT2
	Normalised1	Normalised1

$347.7m	$47.4m	$3.9m	$(7.2)m
FY22: $364.0m	FY22: $56.2m	FY22: $11.5m	FY22: $(4.2)m

LTIFR	CAPEX	GEARING	FREE
14.72	$19.5m	17.2%	CASHFLOW
$35.4m
FY22: 15.81	FY22: $5.7m	FY22: 22.3%
FY22: $45.1m

FY22 restated to include Specialist division following decision to retain the business

Softer result in face of headwinds, ongoing Freight improvement programme and as business is reshaped to support growth

• Moderating consumer demand in response to economic conditions
• Impact of weather events on customer activity and operations
• Investment in future growth initiatives
• Soft result from Freight business with the improvement programme ongoing

1. Normalised EBITDA and Normalised EBIT exclude non-controlling interest and non-trading adjustments of $1.7m pre-tax related to asset impairment &

restructuring the business (FY22: $3.4m). FY23 EBITDA before non-trading was $45.7m.
2. Attributable to owners of the company	FY23 Results Presentation	3

FY23 OPERATING ENVIRONMENT

Economic headwinds driving softer demand across the industry

• Moderation in consumer demand following the surge in activity immediately post-Covid
• Weather impact in 2H23 on customers across a range of sectors including agriculture and infrastructure
• Weather events disrupting transport routes and delaying launch of MOVE's shipping service
• Ongoing inflationary pressure increasing cost to serve - tight control over fixed costs
• Some easing of supply chain issues later in 1H23 - customer inventory levels being reduced, with flow-on effect on warehousing and freight
• Falling consumer confidence resulting in measurable down-trade and high interest rate environment

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UPDATE ON KEY STRATEGIC PRIORITIES

4Q23: Commenced Project Blueprint to reshape & strengthen the business, and drive organic growth

WORK OUR ASSETS SMARTER		BUILD OUR MULTI-MODAL OFFER		DELIVER FOR OUR CUSTOMERS
•	Continuation of the Freight		• Increased collaboration across the		• Increasing market share as customers
	improvement programme		group to create a one stop shop for		look for provider value
• Accelerated the fleet replacement		end to end supply chain solutions		• Accelerated the rebranding
	programme		• Moving from silo to group mentality		programme to build awareness of our
•	Digital transformation continuing with		• Building internal economies and		unified offer
	pilot of new transport management		synergies		• Significant new customer partnerships
	system		• Launch of new trans-Tasman shipping		in Contract Logistics including renewal
• Implementation of new HR software in		service with encouraging early signs		of Z Energy agreement
	progress				• Focus on higher value, higher margin
• Investment in new digital hardware				business

UPSIZE OUR BUSINESS	TAKING CARE OF WHAT MATTERS	STRONG LEADERSHIP
• Specialist division welcomed back into	• Priority focus on health & safety,	• Appointment of Craig Evans as CEO
the Group following review	people and culture - continuing	from 1 February 2023
• Investing in and expanding core	improvement in safety metrics	• New leadership of Freight business
competencies to drive organic growth	• Well progressed towards CRD	• New GM People & Culture from July 23
	reporting in FY24	• New National Sales Manager to
		commence October 23

FY23 Results Presentation

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