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MOVE LOGISTICS GROUP LIMITED FY26 RESULTS 1 25 August 2026 Paul Millward, Chief Executive Officer Lee Banks, Chief Financial Officer FY26 Results Presentation
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FY26 Results Presentation 2 Agenda • FY26 at a glance • New Horizons roadmap • Business performance • Financial results • Outlook • Q&A
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FY26 Results Presentation 3 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 Reset phase complete → Step Up underway
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FY26 Overview Return to profit as Reset Phase completed and Step-Up underway FY26 Results Presentation 4 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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STRATEGY & BUSINESS PERFORMANCE 5FY26 Results Presentation 5
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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 6 FOUNDATIONS Passionate & Capable People Valuable Customer Partnerships Operational Excellence Strong Financial Performance
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Reset phase completed Meaningful improvement since June 2024 FY26 Results Presentation 7 301.7 288.7 294.9 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 ✓ Significantly improved financial position ✓ Right-sized network and team ✓ $27m cost-focused transformation completed ✓ Stronger pricing discipline ✓ Improved gross margins ✓ Improved earnings conversion ✓ Turnaround of Freight business ꭓ Warehousing under-performing, priority focus on turnaround ✓ Increased team capability ✓ Improved customer service ✓ Competitively positioned
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FY26 Operating backdrop Uneven market recovery impacting on customer demand Economic environment • Economy moved from recession to early stage recovery but improvement remained modest and uneven across sectors • Positive trends in 1H translated to increasing customer demand, continuing into Q3 • Middle East conflict and cost inflation in Q4 interrupted momentum and increased costs • Relatively soft demand for FMCG-related freight and warehousing • Export remained strong, particularly agricultural products • Construction continued to underperform • Infrastructure projects delayed but solid pipeline remains 8FY26 Results Presentation Indicator YOY Trend Cost inflation ⚫ Customer demand ⚫ FMCG ⚫ Infrastructure ⚫ Manufacturing ⚫ Export ⚫ Construction ⚫
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Business Divisions - Summary FY26 Results Presentation 9 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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Freight & Fuel Successful Freight turnaround delivering revenue and earnings momentum – three years of earnings growth Freight • Focus on retention and winning new business driving momentum • Revenue and earnings continue to grow - H2 increase despite market headwinds • Gross margin relatively stable with higher cost inflation putting pressure on margins • Better use of data driving business insights and decisions, significant opportunity still remains Fuel service continues to perform well, with strong foundational customer partnership FY26 Results Presentation 10 Revenue: $198.6m Normalised EBT: $3.2m 177.7 188.8 198.6 FY24 FY25 FY26 NZ$m Revenue -17.0 -1.7 3.2 FY24 FY25 FY26 NZ$m Normalised EBT
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Warehousing FY26 Results Presentation 11 Sector and business remains challenging; performance below par; turnaround plan underway with significant structural cost-out achieved • Performance remains well below expectations • Sector challenges continue with excess capacity and weak customer demand – competitor pricing at unsustainable levels • Earnings improvement despite revenue contraction • Footprint being managed, pressure on cost base from some legacy leases, particularly in Auckland and Christchurch • Excellent operational focus with improved team productivity • Broadened capability in some facilities to target specific sectors • Priority focus on winning in market to rebuild revenue Revenue: $41.3m Normalised EBT: $(5.1)m 80.0 53.7 41.3 FY24 FY25 FY26 NZ$m Revenue -1.0 -5.8 -5.1 FY24 FY25 FY26 NZ$m Normalised EBT
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Warehousing turnaround Clear plan and priorities in place FY26 Results Presentation 12 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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Specialist Strongest FY result in three years • Multiple new projects commenced in 2H26 • Continuing demand for expert services in a tighter market • Considered experts in energy generation sector • Increasing work undertaken on projects in the Pacific Islands with further potential • Credible and highly regarded team, preferred provider for many specialised and heavy haulage projects • Operations branch move planned for late 2026, providing improved facilities FY26 Results Presentation 13 Revenue: $19.9m Normalised EBT: $3.0m 17.0 18.2 19.9 FY24 FY25 FY26 NZ$m Revenue 0.5 2.3 3.0 FY24 FY25 FY26 NZ$m Normalised EBT
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International Three consecutive years of improvement, Oceans in profit Oceans • Trans-Tasman shipping demand continues to grow • Filling excess capacity with coastal shipping where opportunity arises • New cornerstone customer onboarded in late 2Q26 (also utilising freight and storage services) • Strong profit uplift YOY Freight forwarding and other International services • Slightly up year on year FY26 Results Presentation 14 Revenue: $30.7m Normalised EBT: $4.4m FY25 includes $1.1m costs related to exit of Atlas Wind vessel 19.1 25.7 30.7 FY24 FY25 FY26 NZ$m Revenue -2.2 0.3 4.4 -4 -2 0 2 4 6 FY24 FY25 FY26 NZ$m Normalised EBT
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FY26 Results Presentation 15 FINANCIAL RESULTS
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FY26 Group Summary FY26 Results Presentation 16 $Millions FY26 FY25 Var Revenue 290.6 286.3 4.3 ↑ Normalised EBITDA1 47.7 42.1 5.6 ↑ Normalised EBT1 1.6 (10.0) 11.6 ↑ NPAT2 0.3 (15.6) 15.9 ↑ EPS3 (cps) 0.25 (12.21) 12.46 ↑ Operating cashflow 32.6 25.3 7.3 ↑ Free cashflow 6.3 2.1 4.2 ↑ Net Debt 10.4 16.7 (6.3) ↑ ROIC (excl leases) 10.6% (11.6)% n/a ↑ 1. Normalised EBITDA and normalised EBT exclude non-trading adjustments. See Appendix slide for more detail 2. Attributable to owners of the company 3. Basic EPS is presented. Diluted EPS disclosed in the financial statements 293.9 286.3 290.6 FY24 FY25 FY26 $M Revenue +1.5% YOY -25.7 -10.0 1.6 FY24 FY25 FY26 $M Return to positive earnings Normalised Earnings Before Tax (NEBT)1
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Gross Margin • Gross margin dollars and percentage the highest in three years • Continued gross margin expansion in 1H, under pressure from cost inflation in 2H26 • Reset phase has created stronger operating leverage for when demand recovers – limited incremental overhead required to scale FY26 Results Presentation 17 4.1pp 0.2pp FY24 FY25 FY26 % Gross Margin % +0.2pp YOY 73.6 83.5 85.5 FY24 FY25 FY26 $M Gross Margin $ +2.5% YOY (excluding gains on asset sales)
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Structural cost out now embedded Total expenses broadly in line YOY despite inflationary pressure • Structural cost savings now embedded • Continued focus on efficiency, productivity and utilisation • Transport costs increased YOY reflecting transition to owner-driver model and fuel costs • Lower depreciation due to asset sales and site exits • Large proportion of property lease costs are fixed • Trading costs are primarily the shipping operating costs FY26 Results Presentation 18 287.4 7.4 -8.3 0 2.8 -1.2 -5.1 283.1 Total Expenses
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Normalised EBT $1.6m Return to profit FY26 Results Presentation 19 • Returned to profit in FY26 • NEBT $1.6m: improved by $27.2m in two years since FY24 Key drivers of NEBT improvement • All businesses delivered improved performance: Three of four divisions delivered profit, Warehousing remains the largest earnings headwind • Reduction in corporate costs • Reduced cost of capital with further improvements to materialise in FY27 Normalised EBT excludes non-controlling interest and non-trading adjustments which were -0.1m in FY26. -14.2 4.2 -10.0 4.9 0.7 4.0 0.6 1.4 1.6 -0.1 1.5 FY25 EBT Non-trading adjust FY25 Normalised EBT Freight/Fuel Warehousing International Specialist Corporate FY26 Normalised EBT Non-trading adjust FY26 EBT $M
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Operating cashflow and net debt Operating cashflow up $7.3m YOY • Reduction in net debt (down $6.3m YOY) • Disposal of surplus assets supporting net debt reduction • Improvement in free cashflow up $4.2m YOY to $6.3m • Continued focus on cost management across the business • Disciplined approach to working capital FY26 Results Presentation 20 (16.7) 47.7 (0.7) (9.5) (0.2) (3.6) (0.9) 2.7 (29.2) (1.0) 1.0 (10.4) FY25 Net Debt EBITDA Non trading and non cash adj. Interest Tax Working Capital Capex Payments Asset Sale Proceeds Lease Payments NCI Distribution Financing activities FY26 Net Debt $M
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Balance Sheet Summary • Strengthened balance sheet • Committed new $22m invoice finance facility with BNZ to commence in 2026 – will deliver finance cost savings from 2H27 • ANZ facility extended through to August 2027 • Increase in trade receivables and payables reflect increased revenue and fuel costs • Significant improvement in leverage driven by focus on debt reduction and improved earnings • Unrecognised deferred tax asset of $15.6m • ROIC increased to 10.6%, up from (11.6)% in FY25 FY26 Results Presentation 21 $m FY26 FY25 Trade and other receivables 42.2 34.7 Trade and other payables (30.0) (25.0) Working Capital excl current lease liabilities 4.4 1.6 Total Available Facility 21.1 24.6 Borrowings (17.8) (23.2) Available Facility/Undrawn 3.3 1.4 Cash and cash equivalents 7.4 6.5 Net Cash/(Debt) (10.4) (16.7) Leverage: Net Debt/EBITDA excl leases 1.02x (7.9)x
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22 LOOKING FORWARD 22FY26 Results Presentation
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• Win in market – grow scale profitably • Accelerate Warehouse turnaround • Strengthen core Freight business • Margin expansion through operational and commercial excellence • Increase positive normalised earnings • Positive cashflow • Balance sheet strengthening Clear plan in placeFY27 Outlook Market recovery expected but pace and timing remain uncertain Positioned to capitalise on market recovery when it occurs FY26 Results Presentation 23
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DISCUSSION 2424FY26 Results Presentation
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25 APPENDICES 25FY26 Results Presentation
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FY26 Results Presentation 26 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 27 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 FY26 Results Presentation
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FY26 Results Presentation 28 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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Our Goals 29 A STRONG TEAM THAT DELIVERS DELIGHT OUR CUSTOMERS EFFECTIVE USE OF ASSETS FINANCIAL STRENGTH AND VALUE CREATION FY26 Results Presentation
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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. 30 OUR MISSION: To keep our customers moving FY26 Results Presentation
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Our leadership team has broad and deep experience 31 Paul Millward CEO Lee Banks CFO Mike Brough GM Oceans & International Hayley Hamilton Interim GM Warehousing Marc Blackburn GM Sales Nick Ward GM Technology Steph Rigter GM People & Culture Warwick Bell GM Specialist Lifting Ricky Clark GM Freight FY26 Results Presentation Hayden Garing GM Fuel Operations
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Disclaimer 32 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. FY26 Results Presentation