#1The Freightos Group Making global trade frictionless Q1 2023 Earnings Call May 23, 2023 08:30 EDT ***** HFREIGHTOS#2Disclaimers 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. FREIGHTOSIE 2#3Forward-Looking Statements 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. FREIGHTOSIE 3#4Agenda Prepared Remarks Q1 Overview Financial Results Q2 Guidance Freight Market Update Freightos Enterprise Q&A Zvi Schreiber CEO Ran Shalev Chief Financial Officer lan Arroyo Chief Commercial Officer Freightos.com#5Q1 2023 KPIs # Transactions GBV ($m) Revenue ($m) Adjusted EBITDA ($m) Q1 2023 Act FREIGHTOSIE 229,211 $ 168.7 $4.8 $ (5.8) Q1 Guidance 218,500 - 225,000 $ 162.0 - $165.3 $4.7 - $4.8 $ (6.1) - $ (5.9) See the full Q1 2023 Earnings press release for the reconciliation of IFRS to non-IFRS financial measures. 5#6Freightos Enterprise 63 34 ...Empowers our planners to book the freight that they need at the cost and delivery time which is aligned with their budget...giving us in Purchasing the consolidated data to influence future supplier decisions." Daniel Cole Logistics Purchasing Director Electrolux LONDON, UNITED KINGDOM BANGKOK, THAILAND 9 Matrix E Classic Cheapest per day TP TAP ܗ Qatar Airways Turkish Airlines KLM Departure date | Airline best price Showing the 42 lowest rates Ⓒ Displayed rates apply to main leg only and are All-in (including freight rate fuel and risk. Other surcharges may be included depending on the airline). Mon 08 JAN + LHR LISBKK 6:00 pm -07:20 am +1 13h20 Ⓒ 0 €1.92/kg €2,052.00 LHR DOH BKK 10:50 pm 03:48 am +1 12h 58m 0 €3.42/kg €1,152.00 €1.92/kg Loading the best results for you.. LHR DOH 6:00 pm -07:20 am +1 11h 20m Departure date Jan 08, 2023 €2,052.00 €3.42/kg Goods type General cargo Rate/kg Total Tue 09 JAN €1.98/kg LHR LISBKK 6:00 pm -07:20 am +1 13h20 €2,052:00 €3.42/kg LHR DOH BKK 10:50 pm 03:48 am +1 12h 5m €1212.00 €2.02/kg LGW IST + BKK 6:00 pm -07:20 am +1 13h20 € €2,052.00 €3.42/kg LHR AMS BKK 6:00 pm -07:20 am 1 Ⓒ15h 43m €1188.00 €1.98/kg Load 3 Pallets of Patrick Moebel President and CEO € Euro Wed 10 JAN €2.47/kg LGW OPO + BKK 6:00 pm 07:20 am +1 13h 20 Total shipment 1.44 CBM, 600 KG €2,052.00 €3.42/kg LHR DOH + BKK 10:50 pm 03:48 am +1 Ⓒ12h 58m 20 €1,482/kg €2.47/kg LHR IST + BKK 6:00 pm 07:20 am 17 13h 20 €2,052.00 €3.42/kg LGW AMS BKK 6:00 pm -07:20 am +1 15h 43m €2610.00 €4.35/kg Estimated average COle 289 Kg Ⓒ Thu 11 JAN. Company €2.50/kg LHRLIS BKK 6:00 pm-07:20 am +1 13h 20 €2.052.00 €3.42/kg LHR DOH BKK 10:50 pm 03:48 am +1 Ⓒ12h 58m €1,728.00 €2.88/kg Loading the best results for you..... U Loading the best results for you Service FRI 12 JAN €1.98/kg LHR LIS BKK 6:00 pm -07:20 am +1 13h 20 Itinerary €2,052.00 €3.42/kg U Loading the best results for you LHR IST BKK 6:00 pm -07:20 am +1 13h 20 €2.052.00 €3.42/kg LHR AMS BKK 6:00 pm -07:20 am +1 Ⓒ15h 43m €1188.00 €1.98/kg IP Aircraft SAT 14 JAN Edit search Range €3.42/kg J Loading the best results for you... LHR DOH + BKK 10:50 pm 03:48 am +1 Ⓒ12h 58m €1,596.00 €2.66/kg No result found... Offline booking LHR AMS BKK 6:00 pm -07:20 am +1 15h 43m €1,788.00 €2.88/kg Speed, simplicity, and seamless distribution have always been our value proposition at FedEx. We look forward to providing service to Electrolux through our relationship with Freightos and helping to keep them at the forefront of innovation and operational excellence. FedEx® Logistics#7TMS Integrations Hi WEBCARGO FREIGHTOSIE dbh CargoSoft e-logistic solutions heuro red And others 7#8FREIGHTOS E FBX01 CHINA/EAST ASIA TO NORTH AMERICA WEST COAST ChartType Bar V 3M $22,000 $11,900 $6,400 $900 57 39.8 24.8 TY TRANSIT TIME DATA MIN/MAX 9.8 28-MAY-21 пл 2Y 03-JAN-20 3Y 04-SEP-20 All 26-NOV-21 07-MAY-21 пл 07-JAN-22 CUSTOMIZE 27-MAY-22 09-SEP-22 ⠀ 19-MAY-23 From $22,000 $12,200 $6,700 May 28, 2021 $1,200 25-NOV-22 YEAR OVER YEAR PRICING TRENDS To May 22, 2023 Jan Feb Mar Apr 19-MAY-23 Mav $1,577.64 CURRENT FBX 31.55% MIN VOLATILITY 73.05% Aun Sep +11% 7 Oct Nov 646,18% Years selected 2 items Dec ⠀ 8#9FAX FREIGHTOS AIR FREIGHT INDEX GLOBAL Weight Breaks selected 1 item 3M $4.8 $4.2 $3.6 $3 $2.4 1Y dur 11-MAY-22 2Y HFREIGHTOS 18 All CUSTOMIZE wrichten 23-JUL-22 04-OCT-22 16-DEC-22 From May 11, 2022 28-FEB-23 To May 11, 2023 11-MAY-23 9#10Q1 2023 Quarterly Results Ran Shalev CFO FREIGHTOS 10#11Q2 2023 Guidance FREIGHTOS Zvi Schreiber CEO 11#12Q2 2023 Guidance # Transactions Year over Year Growth GBV ($m) Year over Year Growth Revenue ($m) Year over Year Growth Adjusted EBITDA ($m) FREIGHTOSINE Management Expectations Q2 2023 239,500 - 244,500 109% - 113% $159.1 - $ 162.4 26% -29% $5.0 - $5.2 9% -13% $ (6.0) - $ (5.7) FY 2023 as of Q2 1,024,500 1,115,500 53% -67% $ 694.5 - $ 739.8 14% -21% $ 22.3 - $ 23.6 15% -22% $ (24.6) - $ (21.2) Ol % 12#13FBX S 98 My Routes B Key Events Eg Frequency Weekly V FREIGHTOS TERMINAL - FBX GLOBAL FBX Global Container Freight Index $1,445 PACIFIC FBX01 China/East Asia - North America West Coast $1,540 +8% 7 FBX02 North America West Coast - China/East Asia $597 -10% N FBX03 China/East Asia - North America East Coast $2,321 -2% FBX04 SUEZ Multiple Selection North America East Coast China/East Asia $629 -2% FBX11 China/East Asia - North Europe $1,384 FBX12 North Europe - China/East Asia $299 -9% FREIGHTOS FBX11 CHINA/EAST ASIA TO NORTH EUROPE ChartType Line 3M $12,000 $7,100 $4,100 $1,100 54 34 1Y 24 27-MAY-22 TRANSIT TIME DATA MIN/MAX 2Y 03-JAN-20 3Y 05-AUG-22 09-APR-21 All 14-OCT-22 CUSTOMIZE 07-JAN-22 From www 23-DEC-22 : 23-SEP-22 19-MAY-23 May 27, 2022 03-MAR-23 $16,000 $9,900 To $5,900 $1,900 May 23, 2023 19-MAY-23 YEAR OVER YEAR PRICING TRENDS $1,417.66 CURRENT FBX MIN 32.86% VOLATILITY Jan Feb Mar ADT May Jun Jul 85.15% Aug Sep +3% 7 265,54% Years selected 2 items Oct Nov Dec MAX : KEY EVENTS O Search... A LOW Jeffrey Lebowski FBX Congestion / Ocean In Ningbo(CN), berth waiting times of up to 2 days due to vessel bunching from mega ship arrivals. 2023-05-13 - hapag-lloyd.com FBX Market Changes / All modes ✰ Medium Foxconn expanding to India, an indication of growing shift away from China amid diversification. 2023-05-11 theloadstar.com FBX Capacity Trends / Ocean ✰ Medium MSC adjust its Asia - Europe/Med services by adding nine vessels but slowing sailing speed resulting in increase of 2-3 days in estimated transit times. 2023-05-11 msc.com FBX Capacity Trends / Ocean Medium Y M 000 Maersk adding two vessels to Asia - Europe network, but decreasing sailing speed resulting in estimated 2- 3 day increase intransit times. DOI 13#14Asia - US Ocean Freight FBX01 Southeast Asia - US West Coast and FBX03 Southeast Asia - US East Coast $16,000 FREIGHTOSIE $8,900 $4,900 $900 27-MAY-22 05-AUG-22 14-OCT-22 23-DEC-22 FBX01 FBX03 03-MAR-23 19-MAY-23 Source: Freightos Terminal 14#15Asia - Northern Europe Ocean Freight FBX11 China/East Asia to North Europe $12,000 $7,100 $4,100 $1,100 27-MAY-22 FREIGHTOSIE 05-AUG-22 14-OCT-22 23-DEC-22 03-MAR-23 19-MAY-23 Source: Freightos Terminal 15#16Transatlantic Ocean Freight FBX22 North Europe - North America East Coast vs FBX 01 Southeast Asia - US West Coast $12,000 $6,900 $3,900 $900 27-MAY-22 FREIGHTOSIE 05-AUG-22 14-OCT-22 23-DEC-22 03-MAR-23 19-MAY-23 Source: Freightos Terminal 16#17Air Cargo Demand Falling Global Industry CTKs (billions per month) 26 25 24 20 19 18 17 16 15 14 13 12 11 10 радиа -Actual CTKs-Seasonally-adjusted CTKs Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Mar-23 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Source: IATA Economics, IATA Monthly Statistics 17#18Freightos Air Index FREIGHTOSIS $12 $8 $5 $2 29-MAY-22 21-AUG-22 13-NOV-22 Asia, Greater China → Americas, Northern O Asia, Greater China Europe O Europe → Americas, Northern 05-FEB-23 21-MAY-23 Source: Freightos Terminal 18#19HFREIGHTOS Questions ?#20Learn more at freightos.com/investors T HiFREIGHTOS#21RECONCILIATION OF IFRS OPERATING LOSS TO ADJUSTED EBITDA FREIGHTOSIE (in thousands) Operating loss Add: Share-based compensation Depreciation & Amortization Share listing expense Non-recurring expenses Transaction-related costs Adjusted EBITDA Adjusted EBITDA margins Three Month Ended March 31, 2023 (unaudited) $ (57,960) 582 643 46,717 499 3,703 $ (5,816) (121)% 2022 $ (4,182) 358 521 $ (3,303) (75)% 21