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May 20, 2025 08:30 Q1 2025 Earnings Call Nasdaq: CRGO
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2 About this Presentation This presentation does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security. Please see our SEC filings for the most up to date information. The information contained herein does not purport to be all-inclusive and none of Freightos or its affiliates or representatives makes any representation or warranty, express or implied, as to the accuracy, completeness or reliability of the information contained in this presentation. Viewers of this presentation should make their own evaluation of Freightos and of the relevance and accuracy of the information contained herein and should make such other investigations as they deem necessary. This presentation does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of Freightos, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. You should not construe the contents of this presentation as legal, tax, accounting or investment advice or a recommendation. You should consult your own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein, and, by viewing this presentation, you confirm that you are not relying upon the information contained herein to make any investment decision. Financial Information; Non-IFRS (Non-GAAP) Financial Measures While certain financial figures included in this presentation have been computed in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, this presentation does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, “Interim Financial Reporting” nor a financial statement as defined by International Accounting Standards 1 “Presentation of Financial Statements”. Not all of the financial information in this presentation has been audited. In addition, this presentation includes revenue on a constant currency basis, a measure not presented in accordance with IFRS and, this presentation includes certain financial measures not presented in accordance with generally accepted accounting principles (“IFRS”) including, but not limited to, Adjusted EBITDA. Therefore, these measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under IFRS. You should be aware that the presentation of these measures may not be comparable to similarly-titled measures used by other companies. Freightos believes that revenue on a constant currency basis, EBITDA and other non-IFRS measures provide useful information to investors and others in understanding and evaluating Freightos’ operating results because they provide supplemental measures of our core operating performance and offers consistency and comparability with both past financial performance and with financial information of peer companies. Certain monetary amounts, percentages and other figures included in this press release have been subject to rounding adjustments. Certain other amounts that appear in this presentation may not sum due to rounding. Disclaimer
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3 This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Freightos’ and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Freightos. These forward-looking statements are subject to a number of risks and uncertainties, including competition and the ability of Freightos to build and maintain relationships with carriers, freight forwarders and importers/exporters and retain its management and key employees; changes in applicable laws or regulations; any downturn or volatility in economic conditions whether related to inflation, armed conflict or otherwise; the effects of COVID-19 or other pandemics or epidemics; changes in the competitive environment affecting Freightos or its users, including Freightos’ inability to introduce new products or technologies; risks to Freightos’ ability to protect its intellectual property and avoid infringement by others, or claims of infringement against Freightos; the possibility that Freightos may be adversely affected by other economic, business and/or competitive factors; risks related to the fact that Freightos is incorporated in the Cayman Islands and governed by the laws of the Cayman Islands; and those factors discussed in Freightos’ annual report on Form 20-F filed with the SEC on March 30, 2023, under the heading “Risk Factors,” and any other risk factors Freightos includes in any subsequent reports on Form 6-K furnished to the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Freightos does not presently know or that Freightos currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Freightos’ expectations, plans or forecasts of future events and views as of the date of this press release. Freightos anticipates that subsequent events and developments will cause Freightos’ assessments to change. However, while Freightos may elect to update these forward-looking statements at some point in the future, Freightos specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Freightos’ assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Forward-Looking Statements
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4 Investor Events Sidoti Micro Cap Conference May 21-22, 2025 https://sidoti.zoom.us/webinar/register/WN_Vlb3YiL1TXSh0xUrgCRBNA Investor Summit June 10, 2025 Oppenheimer TIC Conference August 11-13, 2025
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Prepared Remarks ● Business Overview ● Financial Results ● Q2 & FY 25 Guidance Q&A Agenda Zvi Schreiber CEO 5 01:40 Pablo Pinillos Incoming CFO
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Zvi Schreiber CEO 6 02:09 Prepared Remarks ● Business Overview ● Financial Results ● Q2 & FY 25 Guidance Q&A Agenda
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7 Highlights 371K Transactions 25% YoY growth 71 Carriers Record Revenue $6.9m 30% YoY growth Freightos Enterprise Launch
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Q1 Market Conditions Freightos Air Index Global Benchmark Global Air Cargo Volumes Source: IATA
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● Trade continues throughout ● Volatility can increase platform usage ● Impact mitigated by lane mix 9 Tariff Impact
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10 Strong consistent transactions growth reflects marketplace network effect 50% CAGR 05:58
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11 More types of transactions eg LTL, Temp. controlled More aspects of transactions eg LTL, Temp. controlled More combinations of buyer/seller eg forwarder delegation More connectivity to data / system eg Dynamic pricing for airlines, TMS Strong sustainable growth through the network effects of a double marketplace flywheel Amplified by... Carrier s Buyers attracts sellers Import/exportersFreight forwarders Seller attracts buyers
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Freightos SaaS + Data Solutions Freightos SaaS + Data Solutions 12 Enhancing platform value through a comprehensive solutions offering Airlines Ocean Freight Forwarders Importers / Exporters WebCargo by Freightos Platform Freightos Platform Carriers
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Freightos Enterprise™ Rate, Book & Manage Rate Management Rate Assign & Book Manage Audit & Settle Strategic global freight cost optimization and risk management with spot/contract procurement, shipment execution and market intelligence. Enterprise Shippers Suite “ Procure Tendering Vendor analysis Rate Refresh Terminal Market Intelligence Benchmarking
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14 Strong cohort performance by both buyers and sellers Total #Transactions of forwarder cohort as % of bookings placed in first quarter Total #Transactions of carrier cohort as % of bookings placed in first quarter 13:50
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Prepared Remarks ● Business Overview ● Financial Results ● Q1 & FY 25 Guidance Q&A Agenda Pablo Pinillos CFO 15 20:12
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Q1 25 Actual vs. Guidance Q1 25 A Q1 25 G # Transactions 370.9 362 - 370 GBV ($m) 276.1 272 - 280 Revenue ($m) 6.9 6.7 - 6.8 Adjusted EBITDA ($m) (3.0) (3.2) - (3.0) 16 15:24
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Monetizing the network value: SaaS-enabled marketplace flywheel 17 Solutions revenue = primarily recurring subscriptions for SaaS or data Platform revenue = fees associated with specific freight-service transactions booked between Buyers and Sellers on our Platform 15:45 ↑17% y/y ↑29% y/y ↑28% y/y ↑21% y/y
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Highly capital-efficient growth Non-IFRS Gross Margins 18 16:27
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19 On track to profitability with cash at hand Cash and Short term deposits and investments ($M) Adjusted EBITDA ($K) -121% -104% -81% -73% 17:03 Adjusted EBITDA Margin * Represented EBITDA without the Shipsta acquisition, of approximately $2.7M .
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20 Q2 & FY 2025 Guidance 18:03 This outlook assumes freight price levels and freight volumes as of May 2025. Management Expectations Q2 2025 FY 2025 Transactions (k) 380 - 385 1,562 - 1,637 Year over Year Growth 20% - 22% 20% - 26% GBV ($m) 278 - 285 1,142 - 1,195 Year over Year Growth 37% - 40% 28% - 34% Revenue ($m) 7.0 - 7.1 29.0 - 30.6 Year over Year Growth 23% - 25% 22% - 29% Adjusted EBITDA ($m) (2.9) - (2.8) (10.9) - (10.2)
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Thanks! Questions ? 21 21:18
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22 Reconciliation of IFRS Gross Margin to Non-IFRS Three Months Ended March 31, 2025 2024 (unaudited) IFRS gross profit $ 4,639 $ 3,350 Add: Share-based compensation 98 101 Depreciation and amortization 383 311 Non-IFRS gross profit $ 5,120 $ 3,762 IFRS gross margin 66.8% 62.6% Non-IFRS gross margin 73.7% 70.3%
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23 Reconciliation of IFRS Loss to Adjusted EBITDA Three Months Ended March 31, 2025 2024 (unaudited) IFRS loss $ (4,499) $ (4,616) Add: Change in fair value of warrants 223 (284) Financing income, net (460) (571) Income taxes (tax benefit), net 55 (13) Share-based compensation 697 843 Depreciation and amortization 938 704 Operating expense settled by issuance of shares - 351 Adjusted EBITDA $ (3,046) $ (3,586) Adjusted EBITDA margins -44% -67%
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Learn more at freightos.com/investors 24