Slides
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MOVE LOGISTICS GROUP LIMITED 2026 ANNUAL MEETING 29 October 2026
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CHAIR JULIA RAUE 22026 Annual Meeting
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Voting Card Question box VOTING AND ASKING QUESTIONS 32026 Annual Meeting
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AGENDA Welcome and Introductions Chair and CEO Presentations Shareholder Discussion Resolutions General Business Close of the Meeting 42026 Annual Meeting
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YOUR BOARD 5 Greg Whitham Non-independent Director Elected October 2024 Julia Raue Independent Chair Appointed Chair June 2024 Lachie Johnstone Independent Director Elected October 2024 Graham Stuart Independent Director Appointed 1 August 2026 2026 Annual Meeting
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LEADERSHIP TEAM 6 Paul Millward CEO Lee Banks CFO Mike Brough GM Oceans & International Hayley Hamilton Interim GM Warehousing Marc Blackburn GM Sales Austin Laurenson GM Strategy and Commercial Performance Steph Rigter GM People & Culture Warwick Bell GM Specialist Lifting Ricky Clark GM Freight 2026 Annual Meeting Hayden Garing GM Fuel Operations
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FY26 OVERVIEW Return to profit as Re-set Phase completed and Step Up underway 2026 Annual Meeting 7 1. Normalised EBT(NEBT) excludes non-trading adjustments. 2. Adjusted Gross Margin excluding asset sales 3. Excluding leases 4. Attributable to owners Revenue $290.6m +1.5% FY25: $286.3m Normalised EBT1 $1.6m +$11.6m FY25: $(10.0)m NPAT4 $0.3m +$15.9m FY25: $(15.6)m Free Cashflow $6.3m +194% FY25: $2.1m EBT $1.5m +$15.7m FY25: $(14.2)m Net Debt $10.4m Improved by 38% FY25: $16.7m Gross Margin $2 $85.5m +2.5% FY25: $83.5m Gross Margin %2 29.4% +0.2pp FY25: 29.2% ROIC3 10.6% FY25: (11.6)% • PP: Percentage Points • Due to rounding, numbers presented throughout this presentation may not add up precisely to the financial statements • See Appendix for glossary and non-GAAP reconciliation
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NEW HORIZONS 4-YEAR ROADMAP: FY25 TO FY28 RE-SET FY25 - FY26 COMPLETED STEP UP FY26 – FY27 STAND OUT FY28 A strong foundational platform Customer value and operational excellence; smart business growth Preferred logistics provider; scaling up; a market leader Completed the Accelerate transformation programme ✓ Customer focused team and offering ✓ Rightsized cost base ✓ Network optimisation ✓ Relentless focus on cashflow and revenue ✓ Improved balance sheet strength ✓ Winning with customers, existing and new • Win with customers, existing and new • Strategic partnerships • Increase customer sector diversity • Customer service excellence • High performing network • Operational & commercial excellence • Leverage digital & data • Robust financial performance • Strengthen culture, talent and capability • Enduring customer partnerships • Strong competitive position • Market reputation & brand strength • Accelerate market share • Material revenue and earnings growth • Maximise new opportunities 8 FOUNDATIONS Passionate & Capable People Valuable Customer Partnerships Operational Excellence Strong Financial Performance 2026 Annual Meeting
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2026 Annual Meeting 9
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2026 Annual Meeting 10 OUR VISION To be the preferred freight and logistics company in Aotearoa New Zealand OUR MISSION: To keep our customers moving A STRONG TEAM THAT DELIVERS DELIGHT OUR CUSTOMERS EFFECTIVE USE OF ASSETS FINANCIAL STRENGTH AND VALUE CREATION OUR GOALS
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CEO PAUL MILLWARD 112026 Annual Meeting
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RE-SET PHASE COMPLETED Meaningful improvement since June 2024 2026 Annual Meeting 12 301.7 288.7 294.9 FY24 FY25 FY26 Total Income -25.7 -10.0 1.6 FY24 FY25 FY26 Normalised Earnings Before Tax (NEBT) -48.1 -15.6 0.3 FY24 FY25 FY26 Net Proft After Tax Attributable to owners 25.1 29.2 29.4 FY24 FY25 FY26 Gross Margin %Outcomes ✓ Improved financial position ✓ Right-sized network and team ✓ $27m cost-focused transformation completed ✓ Stronger pricing discipline ✓ Improved gross margins ✓ Improved earnings conversion o Ongoing turnaround of Freight business o Warehousing under-performing, priority focus on turnaround ✓ Increased team capability ✓ Improved customer service ✓ Competitively positioned
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2026 Annual Meeting 13 FY26 LOOKBACK Delivered on financial target: Positive full year normalised earnings Positive free cashflow, return to profit after tax Improved performance from all businesses, three of four divisions delivering profit, Warehousing remains sub-par Re-set phase complete → Step Up underway
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BUILDING A STRONGER BASE 2026 Annual Meeting 14 Division Revenue YOY NEBT YOY Freight & Fuel $198.6m ↑ 5.2 % $3.2m ↑$4.9m Warehousing $41.3m ↓23.0% $(5.1)m ↑$0.7m Specialist $19.9m ↑9.4% $3.0m ↑$0.6m International $30.7m ↑19.8% $4.4m ↑$4.0m NEBT – normalised earnings before tax Due to rounding, numbers may not add up precisely to the financial statements
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WAREHOUSING TURNAROUND Clear plan and priorities in place 2026 Annual Meeting 15 Focus Current FY27 Action Sales and customer experience Insufficient scale • Win customers in targeted sectors and locations • Strengthen customer experience – people, technology (new portal), DIFOT Customer mix Concentrated • Improve sector diversity Footprint Being managed • Increase utilisation Earnings Loss making • Improve site productivity • Pricing and revenue management • Control operating costs • Deliver significant earnings improvement
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WINNING WITH CUSTOMERS 2026 Annual Meeting 16
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• Win in market – grow scale profitably • Accelerate Warehouse turnaround • Strengthen core and unlock value in Freight business • Margin expansion through operational and commercial excellence • Increase positive normalised earnings • Positive cashflow • Balance sheet strengthening 2026 Annual Meeting 17 FROM RE-SET TO STEP UP
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Resilient baseline growth: Positive normalised earnings momentum alongside cost-base stability despite extended soft trading conditions Controlling the controllables: Pricing discipline, operational excellence and efficiency, and profitable revenue FY27 OUTLOOK Broader market recovery expected but pace and timing remain uncertain Targeting year on year improvement in earnings and cashflow 2026 Annual Meeting 18 Key Drivers 18
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DISCUSSION 19192026 Annual Meeting
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RESOLUTIONS RESOLUTION 1: To record the re-appointment of PricewaterhouseCoopers as the Company’s auditor and to authorise the Directors to fix the auditor’s remuneration for the ensuing year. RESOLUTION 2: That Julia Raue, who retires by rotation in accordance with Listing Rule 2.7.1 and is eligible for re-election, be re-elected as a Director of the Company. RESOLUTION 3: That Graham Stuart, who was appointed as a Director by the Board during the year, be elected as a Director of the Company. 20 2026 Annual Meeting
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OTHER BUSINESS CLOSE OF THE MEETING 21 2026 Annual Meeting
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22 APPENDICES 222026 Annual Meeting
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2026 Annual Meeting 23 One of the largest providers in the NZ market Multi-modal, end to end supply chain solutions Customer focused, culture of service excellence Experienced and passionate team Competitive, value for money, reliable and resilient provider Strong long term market dynamics and growth drivers Clear four year roadmap in place Significant opportunity to build share of multi-billion dollar market SOUND BUSINESS FUNDAMENTALS
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Financial Measures $Millions FY26 FY25 Net profit/(loss) before income tax (GAAP measure) 1.5 (14.2) Add back: Restructuring and settlement costs - 3.3 Asset impairment 0.1 0.9 Normalised EBT (excluding non-trading items, non-GAAP measure) 1.6 (10.0) Finance costs (net) 9.5 11.3 Depreciation & Amortisation 36.6 40.8 Normalised EBITDA (excluding non-trading items, non-GAAP measure) 47.7 42.1 24 MOVE Logistics Group uses several non-GAAP measures when discussing financial performance including EBITDA, Normalised EBITDA and normalised EBT. The company believes these provide a better reflection of the company’s underlying performance. These measures may not be comparable to similar financial information provided by other entities. Glossary: • EBITDA: Earnings before interest, tax, depreciation and amortisation • Normalised EBITDA: EBITDA before non-trading costs • Normalised EBT (NEBT): Earnings before tax and non-trading adjustments • Free Cashflow: Net Operating Cashflow - Capital Expenditure – Lease payments + Asset Sale and Insurance Proceeds • Gross Margin: Revenue less direct operating costs • Gross Margin %: Gross margin/revenue • Net debt: interest bearing liabilities less cash and cash equivalents (excludes IFRS-16 Liabilities) • Return on Invested Capital (ROIC): Net Operating Profit After Tax/Average Invested Capital 2026 Annual Meeting
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2026 Annual Meeting 25 MOVE is one of the largest domestic freight, warehousing and logistics solutions providers in New Zealand Our vision: To be the preferred freight and logistics company in Aotearoa New Zealand Our mission: To keep our customers moving
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MOVE makes logistics easy for customers 3PL PROVIDER MARKET LEADER IN SPECIALISED SERVICES FREIGHT WAREHOUSING INTERNATIONAL FUEL SPECIALIST One of the largest domestic freight providers in New Zealand. Our services include general freight, primary produce, project cargo and full truck loads. Contracted solutions for customer including Warehousing and supply chain capability. Our warehouses are central to main routes and easy for port access. Global logistics specialists, providing international freight forwarding and shipping agency services. Our trans-Tasman shipping service adds another valued service to our offer. Our specialist road tanker division is one of the largest operators in the New Zealand fuel delivery market. We move oversized and large items that require specialist haulage. From heavy haulage, and machinery transports to oversized freight movements. 26 OUR MISSION: To keep our customers moving 2026 Annual Meeting
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Disclaimer 27 This presentation has been prepared by MOVE Logistics Group Limited (“MOV”). The information in this presentation is of a general nature only. It is not a complete description of MOV. This presentation is not a recommendation or offer of financial products for subscription, purchase or sale, or an invitation or solicitation for such offers. This presentation is not intended as investment, financial or other advice and must not be relied on by any prospective investor. It does not take into account any particular prospective investor’s objectives, financial situation, circumstances or needs, and does not purport to contain all the information that a prospective investor may require. Any person who is considering an investment in MOV securities should obtain independent professional advice prior to making an investment decision, and should make any investment decision having regard to that person’s own objectives, financial situation, circumstances and needs. Past performance information contained in this presentation should not be relied upon as (and is not) an indication of future performance. This presentation may also contain forward looking statements with respect to the financial condition, results of operations and business, and business strategy of MOV. Information about the future, by its nature, involves inherent risks and uncertainties. Accordingly, nothing in this presentation is a promise or representation as to the future or a promise or representation that a transaction or outcome referred to in this presentation will proceed or occur on the basis described in this presentation. Statements or assumptions in this presentation as to future matters may prove to be incorrect. MOV and its related companies and their respective directors, employees and representatives make no representation or warranty of any nature (including as to accuracy or completeness) in respect of this presentation and will have no liability (including for negligence) for any errors in or omissions from, or for any loss (whether foreseeable or not) arising in connection with the use of or reliance on, information in this presentation. 2026 Annual Meeting