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Investor Presentaiton

27 October 2022 ASX Announcement QUBE QUBE HOLDINGS LIMITED ABN 14 149 723 053 Level 27, 45 Clarence Street Sydney NSW 2000 Qube Investor Day Presentation Please find attached the presentation to be delivered today at Qube's Investor Day. FY23 Trading Update and Outlook T: +61 2 9080 1900 F: +61 2 9080 1999 qube.com.au Qube has experienced a strong start to FY23, with continued high volumes and margin improvement across most parts of its business. Underlying revenue, earnings and margins were ahead of Qube's internal expectations at the end of Q1. This was particularly pleasing as it was achieved despite some adverse weather in the period, continued weakness in forestry export volumes from New Zealand, and the ongoing impact from some of the other challenges that affected the FY22 results. Despite the uncertain economic and interest rate environment, Qube remains positive about the remainder of the period and confirms its FY23 full year guidance of underlying NPATA growth relative to FY22 and higher underlying EPSA growth (compared to NPATA growth) due to the full year benefit from the share buyback completed in May 2022. This outlook continues to reflect the expectation of: . • strong growth in underlying revenue and earnings (EBITA) in the Operating Division, with the Logistics & Infrastructure business unit expected to achieve higher earnings growth than the Ports & Bulk business unit; strong growth in underlying EBITDA/EBIT for Patrick Terminals with the NPATA contribution from Patrick Terminals modestly higher than FY22 due to an increased interest expense, mainly resulting from higher base rates. Qube expects continued strong cash distributions from Patrick in FY23; and increased corporate costs and a significant increase in interest expense. This outlook continues to assume no material adverse change to current conditions in Qube's markets or domestic or global economic and/or political conditions, including any deterioration due to COVID-19 that impacts Qube's workforce, customers, markets, or operations. It also assumes that any further extreme weather events, such as those that have impacted the east coast of Australia and parts of New Zealand in 2022, do not materially disrupt the operations of Qube or its customers during the remainder of FY23. Authorised for release by: Paul Digney Managing Director, Qube Holdings Limited Further enquiries: Media: Ben Pratt Director, Corporate Affairs [email protected] +61 419 968 734 Analysts/Investors: Paul Lewis Group Investor Relations [email protected] +61 2 9080 1903
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