Investor Presentaiton

Financial & Performance Highlights | Group Highlights Q4 2023 & FY2023 Revenue (USD 000) 418 -1% 415 Gross Profit (USD 000) -1% 24.8% 25.5% 24.0% 25.1% 1,614 1.550 1,591 +2% 103,674 105,845 Q4 2022 Q4 2022 Q4 2023 Q4 2023 FY 2022 FY 2023 FY 2023 excl FX +3% 387,819 388,534 400,973 FY 2022 FY 2023 FY 2023 Excl FX X% Represents Margin in % of Revenue Q4 2023 Group revenue was USD 415m, down 1% YOY and FY revenue was USD 1.5 billion, impacted by global headwinds and FX translations. The double-digit revenue growth in international express was offset by the decline in freight revenues due to the decline in industry rates Management continues to prioritize quality revenue, operational efficiency and cost optimization through the economic cycle delivering 2% YoY growth in reported Gross Profit in Q4 2023, reaching USD 389m gross profit for the full year. Margins improved one percentage point YoY in Q4 2023 and FY 2023. Currency translation impacted Revenue and GP negatively by USD 40 million and USD 12 million, respectively. Excluding FX, full year Revenue decline was 1% compared to the reported 4% decline and Gross Profit growth was 3% compared to the reported 0% growth for the full year 2023 compared to the year 2022. Page 21

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