Investor Presentaiton

USD Millions FCF Evolution Financial & Performance Highlights | Group Free Cash Flow Free Cash Flow = Cash Flow from Operating - (Lease Repayments + Interest Expense ROU) - CapEx 200 0.4 133.8 150 0.3 66.1 86.5 0.2 100 74.7 54.4 37.3 50 -12.7 9.6 2.7 23.8 0.1 17.3 -29.4 14.8 10.6 -4.5 16.0 0 0 -0.1 -50 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 -0.2 -100 2020 2021 2022 2023 -0.3 -150 -0.4 -200 -0.5 -250 -214.0 -0.6 aramex delivery unlimited FCF QTD Normalized IFCF QTD -FCF-to-Sales QTD Free Cash Flow in Q4 2023 was USD 16 million, higher than Q4 2022 due to improvements in the working capital. Sequentially, Free Cash Flow in Q4 2023 is lower than Q3 2023 mainly due to negative cash flows from PPE investing activities. Free Cash Flow in Q4 2022 includes the consideration paid for the acquisition of MyUS. Normalised Free Cash Flow in Q4 2022 was $86.5 million, representing 4.5% of sales and indicating the start of a good recovery compared to 2021 Normalizations applied to FCF in Q4 2022 include the MyUS acquisition cash outflow, and certain 2021 non- recurring items including the proceeds from the sale of InfoFort Page 26

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