Slides
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2Q 2026 Investors’ Briefing August 3, 2026
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VICT sub-lease extension June 2026 Acquisition of CRAGEA July 2026 MICT concession renewal July 2026 Acquisition of ATU12 and ATU18 July 2026 Recent Updates
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January 2026 Basra Gateway Terminal (BGT) Basra, Iraq
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July 2026 Basra Gateway Terminal (BGT) Basra, Iraq
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Consolidated Financial & Operational Highlights ▪ Double-digit volume growth driven by new terminals, complemented by positive organic volume growth despite the disruption at BGT in Basra, Iraq, and continued yield expansion, fueling robust revenue growth ▪ Continued margin resilience from organic operations partially offsets margin dilution due to Basra, Iraq and newly acquired terminals, supporting overall profitability ▪ Globally diversified, consumption-driven O&D portfolio, underpinned by strong operating fundamentals, continues to deliver resilient earnings growth 5 Note: * Net Income attributable to equity holders +15% 4.0M TEUs VOLUME YIELD REVENUE EBITDA NET INCOME* RECURRING NI* Diluted EPS +10% US$232 +25% US$959M +23% US$614M +21% US$296M +21% US$296M +16% 8.1M TEUs +10% US$231 +27% US$1.9B +24% US$1.2B +22% US$590M +25% US$605M EBITDA margin 64% EBITDA margin 64% Diluted EPS +23% Diluted EPS +23% 2Q 2026 1H 2026
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Yearly and Quarterly Results (In US$ million except Volume, Yield & EBITDA margin) FY2021 FY2022 FY2023 FY2024 FY2025 Volume (in TEU ‘000) 11,163 12,216 12,749 13,067 14,501 Gross Revenues 1,865 2,243 2,388 2,740 3,235 Yield(1) (in US$) 165 180 182 204 218 Port Fees 203 222 220 233 283 Operating Expenses 523 612 663 727 807 Opex per TEU 47 50 52 56 56 EBITDA 1,139 1,409 1,506 1,779 2,144 EBITDA Margin 61% 63% 63% 65% 66% Net Income(2) 429 618 512 850 1,048 Recurring Net Income(2) 443 634 677 831 1,048 Note: (1) Yield or Revenue per TEU excluding predominantly non-containerized terminals [MMT, KMT, BIPI, EJMT and HIPS (until August 2022)] (2) Net Income attributable to equity holders 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3,472 3,517 3,698 3,814 4,085 4,031 745 765 828 897 961 959 209 212 219 230 230 232 68 70 71 75 81 77 188 194 204 221 262 268 54 55 55 58 64 66 490 501 553 601 618 614 66% 66% 67% 67% 64% 64% 240 244 268 297 294 296 240 244 268 297 308 296 6 Highest Full Year and Quarterly result 2nd Highest Quarterly result
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Recent Financial Performance Liquidity and Capital Resources Questions and Answers Agenda 7
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01 Recent Financial Performance
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Consolidated P&L Highlights 9 2Q 2025 2Q 2026 % Change (In US$ ‘000, except Volume and EPS) 1H 2025 1H 2026 % Change 3,517,162 4,030,857 +15% Volume (in TEU) 6,989,075 8,115,758 +16% 764,628 958,726 +25% Gross Revenues from Port Operations 1,510,048 1,919,837 +27% 194,067 267,532 +38% Cash Operating Expenses 381,727 529,341 +39% 500,944 613,704 +23% EBITDA 990,536 1,231,568 +24% 66% 64% EBITDA Margin 66% 64% 43,785 42,682 -3% Financing Charges and Other Expenses 87,806 103,022 +17% 244,305 296,413 +21% Net Income Attributable to Equity Holders 483,841 589,983 +22% 0.119 0.146 +23% Diluted EPS 0.235 0.289 +23%
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Recurring Net Income (In US$ ‘000) 1H 2025 1H 2026 % Change Net Income Attributable to Equity Holders 483,841 589,983 +22% Non-recurring charge on: Disposal of YICT in China - 14,704 Recurring Net Income Attributable to Equity Holders 483,841 604,687 +25% 10
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3,463 55% 3,674 53% 3,946 49% 1,688 27% 1,957 28% 2,229 27% 1,162 18% 1,358 19% 1,940 24% 1H 2024 1H 2025 1H 2026 Asia Americas EMEA +16% +17% +16% +6% +43% +14% +7% +11% 1,785 55% 1,884 54% 1,928 48% 830 26% 976 28% 1,148 28% 607 19% 657 19% 955 24% 2Q 2024 2Q 2025 2Q 2026 Asia Americas EMEA Consolidated Volume 3,222 3,517 4,031 6,312 6,989 8,116 First Half (in ‘000 TEUs) Second Quarter (in ‘000 TEUs) +45% +18% +2% +15% +9% +8% +18% +6% 11
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Consolidated Revenue 12 684 765 959 First Half (in US$ millions) Second Quarter (in US$ millions) 278 41% 332 43% 377 39% 277 41% 291 38% 378 40% 129 19% 142 19% 203 21% 2Q 2024 2Q 2025 2Q 2026 Asia Americas EMEA 537 41% 652 43% 753 39% 539 41% 573 38% 751 39% 245 19% 285 19% 416 22% 1H 2024 1H 2025 1H 2026 Asia Americas EMEA +27% +16% +6% +21% +46% +31% +16% +14% 1,322 1,510 1,920 +10% +5% +20% +43% +30% +14% +25% +12%
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Revenue/TEU Analysis 13 2Q 2025 2Q 2026 % Change 1H 2025 1H 2026 % Change 3,517 4,031 +15% Volume (TEUs ‘000) 6,989 8,116 +16% 745,032 937,139 +26% Revenues (US$ ‘000) 1,469,719 1,878,148 +28% 212 232 +10% Revenue / TEU (US$) 210 231 +10% Revenue/TEU, June 2025 (1H) Organic terminals New & discontinued terminals Forex Revenue/TEU, June 2026 (1H) 210 +28 -15 +8 231 Revenue/TEU, June 2025 (2Q) Organic terminals New & discontinued terminals Forex Revenue/TEU, June 2026 (2Q) 212 +27 -11 +6 232 Note: Revenue per TEU excluding predominantly non-containerized terminals (MMT, KMT, BIPI and EJMT)
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Revenue/Ton Analysis (non-containerized terminals) 14 2Q 2025 2Q 2026 % Change 1H 2025 1H 2026 % Change 2,979 2,991 +0.4% Volume (Tons ‘000) 5,884 5,540 -6% 19,596 21,587 +10% Revenues (US$ ‘000) 40,329 41,689 +3% 6.6 7.2 +10% Revenue / Ton (US$) 6.9 7.5 +10% 6.9 Revenue/Ton, June 2025 (1H) Organic terminals Forex Revenue/Ton, June 2026 (1H) +0.8 -0.1 7.56.6 +0.9 -0.3 7.2 Note: Revenue per Ton includes predominantly non-containerized terminals (MMT, KMT, BIPI and EJMT) Revenue/Ton, June 2025 (2Q) Organic terminals Forex Revenue/Ton, June 2026 (2Q)
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Capital Expenditure Expansionary Maintenance Total additional capacity 3 million TEUs over the next 3 years (ongoing expansion) US$532m 72% (new expansion) US$136m 18% US$72m 10% US$320m 43% US$740m 2026 Budget1H 2026 Actual 15 Major expansions include: ▪ MICT ▪ MNHPI ▪ MCT ▪ SLCT ▪ ICTSI Rio ▪ IDRC ▪ CMSA ▪ OPC ▪ VICT ▪ CGSA (ongoing expansion) US$233m 73% (new expansion) US$55m 17% US$32m 10%
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02 Liquidity and Capital Resources
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USD 85% AUD 8% IDR 4% Others 3% Balance Sheet Summary Gearing: Debt/SHE 1.27 1.37 Current Ratio: Current Assets/Current Liab. 1.42 1.51 Covenant Leverage Ratio: Debt/EBITDA 1.47 1.40 Balance Sheet Highlights Dec 31, 2025 Jun 30, 2026 Total Assets 9,077 10,368 Total Liabilities 6,596 7,912 Total Equity 2,481 2,456 Debt Ratios (In US$ million) Dec 31, 2025 Jun 30, 2026 Debt US$3.37b Debt Securities Profile As of Jun 30, 2026 Currency RateSubsidiary 17 Fixed 85% Floating 15% Parent 88% Subsidiary 12%
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Cost of External Funding (In US$’ 000) 1H 2025 1H 2026 % Change Financing Charges 83,885 89,181 +6% ▪ Interest Expense on Loans/Bonds ▪ Perpetual Securities distribution ▪ Amortization of Debt Issue Cost ▪ DST/WHT 66,244 7,450 5,363 4,828 77,924 5,174 3,693 2,390 +18% -31% -31% -51% FY 2025 1H 2025 1H 2026 % Change Average Outstanding Debt & Perp Balance 2,952,646 2,952,116 3,464,301 +17% Average Remaining Tenor (Debt & Perp) 4.4 yrs. 4.4 yrs. 5.1 yrs. Average Cost of Financing (post CIT) 4.1% p.a. 4.3% p.a. 3.9% p.a. 18
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254 309 457 689 122 46 459 22 23 23 400 300 298 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Relationship Banks Bonds Perp Principal Redemption Profile As of Mar 31, 2026 Perp NC26* (In US$ million) As of Jun 30, 2026 (In US$ million) 19 12 309 457 693 123 51 464 27 451 23 400 300 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
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Summary Newly acquired terminals delivering sequential quarterly improvement, providing an increasing contribution to volume, revenue and earnings growth Resilient cash flow and a robust balance sheet provide the capacity to pursue growth opportunities while maintaining financial discipline 20 Potential upside from growth drivers over the short-, medium- and long- term Organic portfolio continues to drive positive volume, revenue and earnings growth; concession renewals further extending average remaining concession life to 22+ years
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03 Questions and Answers
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Thank you Aug 3, 2026