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Results Presentation FY-2025 1 October 2024 - 30 September 2025 November 6th, 2025
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2 > Thisdocumenthasbeenpreparedby LogistaIntegral,S. A. (“Logista”or“theCompany”)forinformationpurposes,anddoesnotconstitute an offerofpurchase,saleorexchange,noraninvitationforan offerofpurchase,saleor exchangeof sharesof theCompany ,noranyadvice orrecommendationwithrespecttosuchshares. > This documentcontainscertainstatementsthatconstituteor may constituteforward-lookingstatementsaboutthe Company ,including financialprojectionsand estimatesand theirunderlyingassumptions,whichare no guaranteeof futureperformanceor results,and are subjectto risks,uncertaintiesand otherimportantfactors,beyondthe controlof Logista,that couldcausefinalperformanceor results materiallydifferentfromthoseexpressedin thesestatements. Theserisksand uncertaintiesincludethosediscussedor identifiedin the documentsfiledbyLogistawiththerelevantSecuritiesMarketsRegulators,andinparticular ,withtheSpanishMarketRegulator. > Analystsand investorsare cautionednot to place any relianceon such forward-looking statements,which reflect knowledgeand informationavailableas ofthedateofthisdocument. TheCompanydoesnotundertaketoupdateorpubliclyrevisetheseforward- looking statementsin caseunforeseenchangesoreventsoccurwhichcouldinvalidatethem,evenif thosechangesoreventsmakeit clearthatthe statementswillnotbevalid. > Finally ,it should be noted that this documentmay containinformationwhich has not been auditedand may containsummarized information. This informationis subjectto, and must be read in conjunctionwith, all other publiclyavailableinformation,including,if necessary ,anyfullerdisclosuredocumentpublishedbyLogista. > Variationsoffiguresdisclosedthroughoutthepresentationreflectyear-on-yearchanges(%) unlessotherwisestated Disclaimer
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Key Highlights for the Period
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01 Positive performance in main activities in Iberia and Italy 02 Relevant profit on inventory for the period Key Highlights 03 FY2025 stable dividend proposal 04 Continuous commitment towards ESG
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Key Highlights – Financial Performance Net Profit 281 M€ (9%) Economic Sales 1,809 M€ 3% Year on year Economic Sales growth backed by a strong profit on inventory as a result of tobacco price and tax movements during the period 1,181M€ +3% Iberia Economic Sales per Region (% vs. FY-2024) 434M€ +8% Italy 200M€ (7%) France 5 Revenues 13,536 M€ 4% Adjusted EBIT 333 M€ (2%) 45 M€ 378M€ POI (Profit on Inventory) EX-POI (Excluding Profit on Inventory)
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Italy 7 France 4 Relevant price increase by the tobacco manufacturers which compensates tax increases in all three regions 6 Iberia 34 T otal POI 45 +28% Key Highlights – Profit on Inventory Excise Tax increases ▪ Spain • First significant increase in tobacco excise taxes for years (small increases in 2022 and 2023) • New taxes on NGP products (HnB1, liquids, disposables, nicotine pouches) • T ax increase for cigarettes equivalent to c. 0.20€/pack ▪ Italy • T ax increase for cigarettes equivalent to c. 0.10€/pack ▪ France • T ax increase for cigarettes equivalent to c. 0.25€/pack Price Increases ▪ Price increase from all main manufacturers in all three countries • Spain: 0.35€-0.40€/pack • Italy: 0.10€-0.30€/pack • France: 0.50€/pack Notes: 1. Heat not Burned tobacco
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Key Highlights – Dividend Proposed for 2025 7 In line with our guidance the dividend proposed for 2025 equals last year’s dividend Dividend Proposal for 20251 2.09€/sh. 277M€ 99% Payout Notes: (1) dividend proposal for FY 2025 including interim dividend already distributed in August 2025, and the complementary dividend subject to Feb. 2026 AGM’s approval and considering 100% of the shares Increasing payout ratio to distribute a stable dividend for 2025
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Key Highlights – Stable Dividend Proposed for 2025 8Notes: (1) dividend proposal for FY 2025 including interim dividend already distributed in August 2025, and the complementarydividend subject to Feb. 2026 AGM’s approval and considering 100% of the shares Dividendsallocated to FY (M€) 98 156 164156 183 245149139119 T otal dividends since IPO of more than 1,960M€ 277 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 277
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KMs rolled by sustainable fleet1 women in upper and middle management Renewed ISO 37001, ISO 37002 and UNE 19601 evidencing the strong governance within the company Talent Density in Critical Positions Key Highlights – FY2025 Sustainability plan update SOCIAL ENVIRONMENTALGOVERNANCE Notes: 1. Sustainable fleet is considered Euro VI. Target scope includes Logista Freight, El Mosca, Logista Parcel, Carbó andNacex. NGP recycling PoS 9 Increased Data Protection training after the new policy was approved last year FY2025 85% 33,443 90% 32% FY2024 84% 30,950 93% 27% FY2023 82% 0 92% 27% Target FY2026 90% 33,800 95% 30%
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Business Overview
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Iberia Tobacco & Related ▪ T otal tobacco1 volume in Spain & Portugal of -0.4% yoy ▪ Change in InventoryValue2 of 34M€ after increase in tobacco taxes and retail prices in Spain of all major tobacco manufacturers (+0.35-0.40€/pack) ▪ Advancement in the recycling initiative, having reached 1,443 tobacconists in Spain Transport ▪ Long Distance transport has suffered from a European demand slowdown and macroeconomic turmoil, and El Mosca’s underperformance. ▪ Sustainable growth in Industrial Parcel Economic Sales backed by increase in deliveries which compensates the underperformance of Carbo’s business ▪ Courier Business has had a very good performance, particularly in its Iberian operations, backed by thefull annual consolidation of Belgium Pharma ▪ 10% Eco Sales growth in Pharma supported by new agreements with laboratories and more services to existing clients with good performance in the pharmacy business Other Businesses ▪ Reduction in volumes distributed leading to a decrease in Economic Sales 11 1,181M€ +3% Eco. Sales 191M€ -5% Adj. EBIT Notes: 1. Volume including RYO, Heets & Others, 2. Estimated value of profit on inventory
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Execution of cost control measures while seeking out new opportunities Optimization structured through different levers to revert a challenging year Logista has put in place a new management, who bring expertise on sea freight and road transportation Integration of road business with Logista Freight, optimizing fleet usage and planification Embedding control and compliance systems to Logista’s standards Inflationary pressures and interest rates have moderated, although the market remains challenging with a sluggish European demand, macroeconomic turmoil and geopolitical tensions Implementing revenue optimisation strategy, with focus on international transportation and renegotiation of contracts Turnaround Actions Simplification of the company’s structure, generating cost savings and improving agility 12 Transportes El Mosca Turnaround
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Italy Tobacco Distribution ▪ T otal tobacco1 volume -0.9% yoy ▪ Change in InventoryValue2 of 7M€ after change in taxes and in tobacco prices in Italy of the main tobacco manufacturers ▪ Growth of T obacco distribution service in The Netherlands, with consolidation of services offered to T obacco Manufacturers Related Products ▪ Recycle-Cig: increase in tobacconists around the country having joined the initiative, having reached 30,700 PoS ▪ Increase in volumes of e-cig and nicotine pouches during the period Pharma ▪ Continue organic growth with new laboratories ▪ Renegotiations with existing clients ▪ Commercial efforts led to a double-digit Economic Sales growth ▪ New warehouse in the north of Italy to accelerate pharma expansion 13 434M€ +8% Eco. Sales 134M€ +11% Adj. EBIT Notes: 1. Volume including RYO, Heets & Others, 2. Estimated value of profit on inventory
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France Tobacco Distribution ▪ T otal tobacco1 volume fall of -9% yoy ▪ Change in InventoryValue2 of 4M€ after change in taxes and increases of tobacco prices in France of all major tobacco manufacturers ▪ Lower contribution frominventory value2 compared to 2024’s figure of 8M€, impacting Adj. EBIT’s yoygrowth Related Products ▪ Continuous growth in the electronic transactions’ business (E-Money). ▪ Increase in the number of tobacconists using Logista’s hardware and software for cash register Strator ▪ Advancement of the NGP recycling business line in France with a total of 1,300 tobacconists having joined the initiative ▪ Strong increase in e-cig refills although still representing a small percentage compared to traditional tobacco 14 200M€ -7% Eco. Sales 53M€ -15% Adj. EBIT Notes: 1. Volume including RYO, Heets & Others, 2.Estimated value of profit on inventory POI
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Main Financials
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Main Financials – Adjusted EBIT Bridge (M€, yoy%) Economic Sales 52 Logistic Network Costs (50) Positive performance in tobacco and pharma in Iberia and Italy for the period 16 Adj. EBIT FY-2024 385 Commercial Costs (6) Research G&A (3) Adj. EBIT FY-2025 378 (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% yoydecrease as a result from the underperformance of certain transport business lines and the volume decline in France Operating Profit (EBIT) ▪ 2% yoydecrease to 318M€ ▪ Restructuring costs of 5M€ vs. 4M€ in the precedent year ▪ Profit resulting from the sale of some assets of 6M€
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Main Financials – Net Profit Bridge (M€, yoy%) Operating Profit (EBIT) (8) Financial Results (30) Net Profit reduction reflects the interest rate cuts for the period 17 Net Profit FY-2024 308 Taxes 10 Non- Controlling Interests 0 Net Profit FY-2025 281 (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% last year Net Profit ▪ 9% yoydecrease reflecting the lower interest rate for the period ▪ Earnings per share of €2.13 vs. €2.34
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Main Financials – Normalized FCF Bridge (M€) Financial income 72 Restructuring, others & Taxes (122) Completing the period with a Free Cash Flow of 483M€, well above the 225M€ recorded in FY-2024 thanks to a positive working capital movement 18 EBITDA 495 Capex (54) Leases (76) Normalized FCF 315 EBITDA ▪ EBITDA in line with the previous year . Financial Results ▪ 72M€ financial income collectedvs. 101M€ last year given the lower interest rates during the period Restructuring Costs & others ▪ Includes 7M€ of restructuring& other costs paid during the period vs. 15M€ for last year . ▪ During the period, certain assets in Spain have been sold bringing 12M€ of additional cash flow (included below the normalised FCF) Normalised T axes ▪ Normalised taxes of 114M€ during the year vs. 125M€ in FY-2024 Capex ▪ 54M€ of capex during the period including investments in warehouse improvements, sorters, an automatic loading deck and maintenance vs. 47M€ for the previous year
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Main Financials – Stock Performance 19 9% 2025 TSR1 7% 2025 Share Price 2 31.00€ 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 appreciation from September 30th, 2024 to September 30th, 2025 , (3) maximum share price reached on May 7th, 2025 90 100 110 120 130 140 150 LOGISTA IBEX 35 IBEX TOP DIVIDEND
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Closing Remarks
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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 Closing Remarks
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1 Following the diversification strategy Logista will continue to seek small and mid-size acquisitions looking for geographical and business diversification 22 Logista intends to distribute in 2026 a dividend of at least €2.09 per share, matching the amount distributed in 2025 2 Maintaining the dividend policy remains a priority 2026 Outlook In 2026, we expect to deliver mid-single-digit growth in Adjusted EBIT excluding profit on inventory
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Appendix
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Appendix. Revenues Evolution (by segment and activity) 24 M€ FY 2025 FY 2024 Δ% Iberia 5,172 4,843 6.8% T obacco 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% T obacco and others 4,781 4,436 7.8% France 3,643 3,764 (3.2)% T obacco and related products 3,643 3,764 (3.2)% Adjustments (61) (58) (5.1)% T otal Revenues 13,536 12,986 4.2%
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Appendix. Economic Sales Evolution (by segment and activity) 25 M€ FY 2025 FY 2024 Δ% Iberia 1,181 1,144 3.2% T obacco 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% T obacco and others 434 402 7.9% France 200 216 (7.4)% T obacco and related products 200 216 (7.4)% Adjustments (6) (6) (5.8)% T otal Economic Sales 1,809 1,757 3.0%
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Appendix. Adjusted EBIT Evolution (per area) 26 M€ FY 2025 FY 2024 Δ% Iberia 191 202 (5.3)% Italy 134 121 10.6% France 53 63 (14.9)% T otal Adjusted EBIT 378 385 (1.9)%
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Appendix. Profit & Loss Account 27 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) (3.4)% T otal operating costs1 (1,431) (1,371) (4.3)% Adjusted EBIT1 378 385 (1.9)% Margin1 % 20.9% 21.9% (103) p.b. (-) Restructuring costs1 (5) (4) (19.1)% (-) Amort. Assets acquired (61) (62) 0.5% (+/-) Profit/(loss) on disposal and impairment 6 5 8.2% (+/-) Profit/(loss) from equity-accounting companies 1 1 (42.5)% Operating Profit (EBIT) 318 326 (2.4)% (+) Financial income 73 103 (29.5)% (-) Financial expenses (10) (10) 5.6% Profit/(loss) before tax 382 419 (9.0)% (-) Corporate income tax (100) (111) 9.4% Effective tax rate 26.3% 26.5% (12) p.b. (+/-) Profit/(loss) on discontinued operations - - - - (+/-) Other income/(expenses) - - - - (-) Non-controlling interests 0 (0) 116.2% Net profit 281 308 (8.8)% Notes: (1) Check Alternative Performance Measures for term definition
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Appendix. Cash Flow Statement 28 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 working capital 178 (63) 241 Effect of cut-off date on taxes (20) 1 (21) Divestments 12 16 (4) Company acquisitions (M&A) (3) (70) 67 Free Cash Flow 483 225 258
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29 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 and cash equivalents 2,648 2,464 Held-for-sale assets - - T otal Assets 8,308 8,081 Shareholders’ funds 642 641 Non-controlling interests - - Non-current liabilities 237 246 Deferred tax liabilities 177 203 Short-term borrowings 62 81 Short-term provisions 7 10 Trade and other payables 7,182 6,900 Liabilities linked to assets held for sale - - T otal Liabilities 8,308 8,081
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30 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,TransportesEl Mosca, Gramma Farmaceuticiand BPS. 61 60 60 8 8 8 6 3 3 3 3 3 1 1 1 1 1 1 5 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38 FY39 FY40 FY41 FY42 FY43-57
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31 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 measure of the fee revenue which we generate from performing our distribution services and provides investors with a useful view of the Group’s financial performance. M€ FY 2025 FY 2024 Revenues 13,536 12,986 Procurements (11,728) (11,229) Economic Sales (Gross Profit) 1,809 1,757
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32 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 margins. The Adjusted EBIT is the main indicator used by the Group’s Management to analyse and measure the progress of the business. M€ FY 2025 FY 2024 Adjusted EBIT 378 385 (-) Restructuring Costs (5) (4) (-) Amortization of Acquired Assets (61) (62) (+/-) Net Loss of Disposals and Impairment of Non-Current Assets 6 5 (+/-) Share of Results of Companies and Other 1 1 Operating Profit (EBIT) 318 326
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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’s typical activity in a given period. M€ FY 2025 FY 2024 % Economic Sales 1,809 1,757 3.0% Adjusted EBIT 378 385 (1.9)% Margin over Economic Sales 20.9% 21.9% (103) b.p. Appendix. Alternative Performance Measures 33
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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 Management to analyse and measure the performance of the costs structure. It does not include restructuring costs or amortisation of the assets derived from the acquisition of Logista France, because they are not directly related to the revenues obtained by the Group in each period. Operating costs of each segment do not include the expenses of the corporate centre. However , the expenses of the corporate centre are included in the total Group’s operating costs in order to show the operating behaviour of each geographical area. Reconciliation with Interim Consolidated Financial Statements: M€ FY 2025 FY 2024 Logistics network costs 1,322 1,270 Commercial expenses 73 67 Research expenses 2 2 Head office expenses 100 98 (-) Restructuring costs (5) (4) (-) Amortisation of Acquired Assets (61) (62) Operating Costs or Expenses in management accounts 1,431 1,371 Appendix. Alternative Performance Measures 34
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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 Management to analyse and measure the performance of the Group’s activity in each period. Recurring operating costs: this term refers to those expenses which occur continuously, and which allow the Group’s activity to be sustained. They are calculated from the total operating costs minus the non-recurring costs defined in the previous point. This figure helps the Group’s Management to analyse and measure efficiency in the activities carried out by the Group. Restructuring costs: are the costs incurred by the Group to increase the operating, administrative and commercial efficiency in our organisation, including the costs related to re-organisation, dismissals and closures or transfers of warehouses or other installations. Non-recurring results: this termrefers to the year’s results that do not have continuity during the year and only affect the accounts at a specific moment. Their amount is included in the operating profit. Appendix. Alternative Performance Measures 35
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