Mainfreight Investor Day/ Market Update

MAINFREIGHT LIMITED
INVESTOR DAY, NORTHLAKE, TEXAS, USA
7 October 2024

Agenda
8.30 am Welcome at Northlake and travel to cross-dock by bus
9.30 am Travel back to Northlake
9.45 am Coffee break and tour of Northlake Warehouse
10.30 am Americas Jason Braid
10.45 am Europe Ben Fitts
11.00 am Australia Rodd Morgan
11.15 am Asia Cary Chung
11.30 pm New Zealand Carl George
11.45 pm Technology John Eshuis
12.00 pm People Martin Devereux
12.15 pm Sustainability & Financial Graeme Illing
12.30 pm Group Summary / Q&A Don Braid
Wrap up and travel to Texas BBQ for lunch

USD Revenue
$345M
$8.14M
USD PBT
Team Members
1,994
79
Branches
6 months
6.2%
6 months
(32.1%)
AMERICAS – Jason Braid
A&OWarehousing
Transport
(17.6%)
23.1
%
(163%)
$8.6M PBT
$3.8M PBT
($4.3M) PBT

AMERICAS – Current Trading / Outlook
•General
•A stronger start to the second half of calendar year
•Volumes and shipment count across all divisions are up
•We are selling into a growing network – Transport & Warehousing (utilization)
•New customer gains bringing opportunities for margin improvement
•Transport
•+85% of all freight now picked up and delivered on a Mainfreight truck
•Profit improvements differ by branch - a few branches impacting overall result
•Gaining customers on the back of quality (having a network is assisting)
•Customer growth brings better utilised road linehauls and margin improvement
•Air & Ocean
•Freight rates up on Asia to USA trade lane, as are volumes
•A better mix and depth of customers + trade lane diversification
•Well positioned to help customers with disruption from USA Port strike
•Warehousing
•Some capacity available in Newark & Northlake
•Focused on quality, the right customers and margin improvement
•E-commerce activity from the wrong customers has impacted efficiency
•CaroTrans
•Low FCL export freight rates has been challenging for LCL volume growth
•CaroTrans China development is bringing results
•Room to improve utilization levels in export consolidations

AMERICAS – Property and Network Development
•December 2024 - Completion of Newark Warehouse Expansion (Additional 13k sq meters)
•December 2024 - Completion of Haslet, TX Transport Cross-Dock
•April 2025 - Completion of Chicago, IL Transport Cross-Dock
•Early 2025 - New Air & Ocean Branch in Milwaukee, WI
•Early 2025 - New Air & Ocean Branch in Rochester, NY (Upstate NY)
Chicago Transport Cross-dock
Leased
Los Angeles Airfreight facility
74 Dock doors
47k square feet (530ft long x 70ft wide)
5 Chillers totalling 20k square feet
Dry Freight space totalling 20k square feet

AMERICAS – Key Initiatives / Opportunities and Challenges
•Transport
•We are competing and winning customers from the larger LTL players
•A branch & linehaul network was first needed to compete on quality
•Sales opportunities are endless - its about winning the right freight
•New cross-docks will bring efficiency gains (long term)
•Profit improvements will take time - some branches starting to improve
•Air & Ocean
•Airfreight sales and consolidation focused (dry freight)
•Improving utilisation levels within our ocean consolidations (+90% of all our LCL freight)
•Building on our growth of perishable customers
•Canada, Mexico and Chile growth needed (Air & Ocean)
•Pick-ups and deliveries with Mainfreight (LTL & Port Drayage)
•Warehousing
•Focused on growth within current branches improving profitability (eg Very Narrow Aisle Racking)
•Stronger approach to customers using our Transport and Air & Ocean networks
•Newark warehouse has doubled in size – beverage focused
•Pleasing momentum in the beverage vertical (building a reputation)
•CaroTrans
•Opportunity for margin improvement in export consolidations through improved utilisation
•Agent network development will assist in customer growth
•Quality focused – more direct import & export consolidations

Revenue
€295M€13.2M
PBT
EUROPE – Ben Fitts
Team Members
3,07252
Branches
6 months4.4%
6 months5.5%

EUROPE – Current Trading / Outlook
General
•Ample opportunity for growth despite a challenging economic climate
•Transport and Air & Ocean ahead YTD, Warehousing trailing
•Sales culture is developing, increased activity and growing customer opportunity pipelines.
Transport
•Tonnage slightly up on last year
•New Transport Management System driving efficiency gains
•New customer commitments between now and year end give confidence in Belgium and Netherlands
•Supply chain gains driving growth in Romania. Poland and France are challenging – we are committed
and optimistic
A&O
•Revenue growth reflects Asia-Europe ocean rate spike and volume growth
•Focus on 1MF utilization is driving margin improvement
•Recent gains a result of long-term relationship building, strategic pricing and regional cross selling.
Warehousing
•35,000sqm of capacity added in Romania and the Netherlands
•Constant evaluation of customer profitability and contribution to supply chain
•Where opportunity comes to replace customers, we evaluate
•Sales pipeline strong with several decisions pending

20,000m2 Warehouse
6th Dutch Warehouse (total NL footprint 208,000 sqm)
2024
Utrecht Warehousing, Netherlands
7,500m2 Cross-Dock
2024
Rotterdam Transport, Netherlands
EUROPE – Property and Network Development
EU Property
planned Capex
2024-2025
€3.7M
2025-2026
€21M
15,000m2 Cross-Dock
est. 2026
‘s-Heerenberg Transport, Netherlands
Ploiești Warehousing, Romania
10,000m2 Warehouse extension (food and beverage)
2024
Romanian footprint: 30,000sqm
(+10,000sqm additional land available)
LeasedOwned

EUROPE – Key Initiatives / Opportunities and Challenges
Transport
•Network intensification driving growth in Belgium &
Netherlands
•Leveraging network freight opportunities e.g. Port Ops, UK
local, LCL ocean
•Growth in Poland, Romania, France taking time but key to
our strategy
Air & Ocean
•Network intensification to continue once new branches in
Italy, Spain, Netherlands & Germany find improvement.
Romania likely next.
•Long term relationship building starting to deliver new
business wins.
•Efficiency improving with capacity to do more without
increasing team numbers
Warehousing
• Capacity in the network, converting current opportunities
that fit profile and adds value to network
• Increased sales presence to ensure defense of existing and
pursuit of new customers
• ROR targets are achievable where customer mix is right
• Automation evaluated case by case e.g. robotic stocktaking
Challenges
• Mainfreight culture taking time to engrain in some markets
due to language and cultural differences. Making progress
• Varying levels of brand awareness. Leveraging existing
network relationships to open doors and build presence in
Poland, Romania & France
• Land acquisition in ‘s-Heerenberg, electricity grid
congestion

AUD Revenue
$755M$60.8M
AUD PBT
Australia – Rodd Morgan
Team Members
2,66374 / 22
Branches /
Locations
6 months19.3%
6 months7.6%

Australia – Current Trading / Outlook
•Steady - customer mix assisting, still plenty of growth potential
•Resilient economy but still challenging
•Existing customer downtrading offset by new customer gains
•Managing overhead costs well. Margins holding despite competition except in Air & Ocean
•Warehousing is underperforming
•Effective sales team fully mobilised in the market focussing on “First Time New Business”
call rates. Good pipeline of customers
•Strong reputation for quality in key industries – construction, medical/healthcare, food
(incl perishables), beverages (wine, liquor), chemicals, retail & agriculture
•Opportunities continue in perishable, mining & energy segments
Australia – Current Trading / Outlook

Australia – Network Expansion
•Branches 74 94
•Locations 22 37
•A&O Presence 9 17
•Warehousing Space
313,948m² 382,176m²
(21.7%, within 36 months)
•5 property projects
currently underway
Kalgoorlie
Established Branches/Locations
Planned Expansion Branches/Locations

Willawong
12,500m2 Transport Depot.
37 rear load docks. 92% more trucks,
only 30% bigger building V Larapinta
Townsville
4,500m2 Regional Growth Depot
Brisbane | Wharf
21,000m2 Container Hardstand
1,480 TEU Capacity,
Seafreight Office
Brisbane (North)
7,100m2 Transport Depot
Rear load – 14 docks
Melbourne | Air
5,460m2 Specialised Air Facility
260m2 Freezer, 750m2 Chiller, 1,870m2 Ante Room
Australia – Property & Network Development – In Progress
Planned Capex
2024/2025
•$27.3M balance of
Willawong land purchase
completed
•$12.3M Willawong
construction cost to come
•$3M in fit-out for
pre-lease projects
•Total of $42.6M
2025/2026
•$39.5M Willawong
construction + fit-out cost
•$2.9M in fit-out for pre-
lease projects
•Total of $42.4M
LeasedOwned

Sydney (Moorebank)
56,200m2 Warehouse
3,330m2 DG, 24,700m2 Temp Control
Perth (Kenwick)
22,400m2 Warehouse
888m2 Temp Control
Gold Coast
6,700m2 Transport Depot
Brisbane
2,000m2 Specialised Air Facility
460m2 Chiller, 613m2 Ante Room, 63m2
Freezer
Adelaide
9,000m2 Warehouse
500m2 Temp Control, 353m2 DG Storage
Adelaide
19,400m2 Transport Depot
Rear Load – 6 Docks
Melbourne
(Dandenong South)
56,900m2 Transport & Warehouse
Rear Load – 12 Docks
19,740m2 Temp Control, 3,580m2 Coolroom
4,010m2 DG Bunkers
Australia – Property & Network Development - Completed
LeasedOwned

Australia – Key Initiatives/Opportunities & Challenges
Air & Ocean
•Margins under pressure
•FCL import volumes have softened since June due to Red Sea delays & Singapore
port congestion
•Seeing good growth in export air perishable product
•Are using our relationships with seafreight carriers to offer schedule & space
reliability (value)
•Growth opportunity from our network & market penetration in our Americas,
Europe & NZ trade lanes
•Our domestic network intensity is helping increase our regional A&O growth –
exports/imports

Australia – Key Initiatives/Opportunities & Challenges
Warehousing
•Profit improvements recently of $36M, with 40 new customers onboarded since April
moving utilisation from 65% to 85% by November
•Have absorbed lease tails of $1.8M and new building rent increases of $4.3M
•Larger buildings, close to or on rail intermodals. More efficient inbound from Port to
Warehouse. Bigger volumes help load direct outbound linehaul within Mainfreight network
•Better productivity & quality from Autonomous Mobile Robots & sortation technologies at
Moorebank – Seeing 40 to 55% less time taken on inbound processes – more with less.
Transport
•Regional branches. Finding growth & profitability is difficult at times
•Evolving technologies assisting quality
•More efficient buildings coming online with rear loading & four-sided docks. 17% of
linehaul is now rear loaded moving to 30% within 12 months. Willawong (Brisbane) allows
for 32% more trucks per SQM of building space than the Larapinta Brisbane site
•“A” Double linehaul units running Mel/Syd – 41% more pallet spaces than “B” Doubles

Australia – Moorebank Video

USD Revenue
$65M$5.9M
USD PBT
ASIA– Cary Chung
Team Members
50938
Branch / Location
6 months33.7%
6 months(9.6%)

ASIA – Current Trading / Outlook
General
•Trading to end of September continues to provide volume growth. With our ocean Full Container
Load increasing for both export and imports
•Airfreight volumes increasing as we head towards peak season
•Margin improvements are needed

A&O
•The synergy of Intra-Asia business development within Asia branches has been well built with good
volume growth
•More new opportunities are anticipated as we intensify our network
•India development providing long-term confidence for this market/tradelane
Warehousing
•Presence in key locations: Hong Kong, Shenzhen, Shanghai, Singapore, Malaysia, and Thailand
•Current warehouse space utilization across Asia is at 60 - 70%
•Targeting to improve warehouse utilization
•Greater sales efforts are required to improve size and development of our Warehousing footprint
across Asia

ASIA – Key Initiatives / Opportunities and Challenges
Challenges
•Uncertainties of the international
transportation impacted by Red Sea
situation and US East Coast Port
Disruption
•Margin opportunities
•Manufacturing leaving Mainland China
offset by our locations in S.E.Asia
Opportunities
•Potentially more airfreight demand towards the end of the year due to the
ocean impacts to/from EU & US
•Existing customers with opportunities for Intra-Asia trade
•Focus on gaining new customers and building brand presence in the local
market. Focus on the right verticals – F&B, FMCG, Medical/Pharma, Hi-
tech
•Further develop relationships with current group customers – our “Sales
Brick”
•Leverage Air & Ocean, Warehousing to offer complete supply chain
solutions, supporting broader and stronger business development
•Developing genuine airfreight within network. Some perishable
opportunities
•Higher manufacturing and exporting demands in Southeast Asia countries
•Intra-Asia business growth

NZD Revenue
$558 M$46.3 M
NZD PBT
NEW ZEALAND – Carl George
Team Members
2,86192
Branch / Location
6 months0.2%
6 months(24.1%)
A&O
Warehousing
Transport
$11.6M PBT
(37%)
9.7%
$6.3M PBT
(22.9%)
$28.4M PBT

NEW ZEALAND – Current Trading / Outlook
General
•Trading through to the end of September has been reflective of the challenging economic
environment, however we continue to grow market share. The Warehousing division is
trading ahead YTD, Air & Ocean and Transport trail behind YTD
Transport
•Tonnages improving in a very competitive environment and imbalanced freight flows
impacting margins. Significant new building overhead increase $4.8M YTD August. Strong
sales pipelines combined with a customer retention strategy. Positive improvements in
quality and service levels YTD
A&O
•Revenues impacted by global shipping rate levels and volume fluctuations. Very
competitive environment impacting margins. Focus on customer retention with strong sales
pipelines and continued development of higher margin yielding products
Warehousing
•High utilization across most Warehouses. Improvements in quality and stock accuracy
levels. Significant new business pipelines, with additional new capacity coming on-line late
2024 in the consumer goods vertical, and Dangerous Goods sector first Quarter 2025.
Additional property cost of $2.2M YTD August

NEW ZEALAND – Property and Network Development
Beach RdHugo Johnson Alderman Place
NZ Property
planned Capex
2024-2025
$93 M
2025-2026
$68 M
2027-2028
$44 M
18,000m2 Cross-Dock
Rail and End loading
Operating
20,000m2 Specialist DG WH
End of 1
st
Qtr. 2025
Wharf / Tankers / Container
freight station on Rail off Port.
Operating
22,000m2 Cross-Dock/W-H
End Loading
Operating
9,000 Cross-Dock End Loading
October 2025
7,450 Cross-Dock End Loading
1
st
Qtr. 2026
4,000 Cross-Dock.
Pending
13,000 Cross-Dock
October 2025
2Home Auckland
HastingsBlenheimDaily Freight Auckland
Nelson
LeasedOwned

NEW ZEALAND – Key Initiatives / Opportunities and Challenges
Warehousing
• Completion of our first dedicated Consumer
Goods Warehouse in Auckland late 2024
alongside our MF 2Home development
• Nearing Completion of a significant Dangerous
Goods / Major Hazardous Facility in Auckland
first QTR 2025
• New 24,000 M2 / 33,000 pallet Food grade
Facility confirmed for early 2026 in
Christchurch
• Development of Pick by Weight solution to
optimize operational processes
• Greater focus on additional Inbound
Mainfreight services conversion of customers –
A&O
Transport
•Continued Network Investment – Auckland, Hastings,
Nelson, Blenheim, Thames, Palmerston North,
Cromwell, Whanganui, Gisborne, New Plymouth
•Implementation of rear loading capability on new
builds
•Increased focus on Multi-Modal / Road - Rail Bulk
wine movements
•Inaugural Chilled Cross-Dock to commence late 2024
in Palmerston North and increased chilled fleet
•Additional rail capacity completed including off Ports of
Auckland / Owens Transport Auckland
•Continued investment of our Home Delivery /
Consumer Goods product for MF 2Home with
associated Warehousing capability

NEW ZEALAND – Key Initiatives / Opportunities and Challenges
Challenges
•Trading environment and
impact on margins / recovery
•Long term investment in
network and facilities and
realignment of increased
property costs
•Uncertainty with regard
Interisland Ferry and Rail
connectivity future
•Difficulties in optimizing rail
capacity due to current freight
flows and pricing models
Air & Ocean
•Continued growth of our Mainfreight to Mainfreight
(1MF) consolidated Sea and Air services, targeting
100 Sea and Air destinations by 2026.
•Increased focus on infrastructure / project-based
opportunities optimizing our National network and
landside capability
•Significant investment in X-Ray screening
equipment for Airfreight in Auckland and
Christchurch to further improve our customs
screening processes
•Continued investment in our Import and Export
Perishable product globally
•Ongoing focus on High Volume / Low Value (HVLV)
cross-dock services for retail, utilising our extensive
landside pick up and delivery networks

THE AMERICAS
EUROPE
ASIA
AUSTRALIA
NEW ZEALAND
52
BRANCHES
10
COUNTRIES
38
BRANCHES
11
COUNTRIES
94
BRANCHES
92
BRANCHES
79
BRANCHES
4
COUNTRIES
5 Regional Teams​
Minimal Group functions
​3 On Premise Data Centers​
Cloud Presence
Modernising our Environment
Hybrid Cloud
•Customer Facing Applications
•Non-Core
TECHNOLOGY – John Eshuis

TECHNOLOGY – Cyber Security
Awareness
Security
Operations
Infrastructure
Security
Application
Security

N+1
Modern
Operating
Environment
Network
Modernisation
Regional
Execution
Alignment
Simplicity
TECHNOLOGY – Infrastructure

TECHNOLOGY – Operating Systems
Customer Facing
Bespoke
Transport
Bespoke
Warehousing
Bespoke
Air Ocean
Wisetech
Data
Microsoft

TECHNOLOGY – Looking ahead
SECURITY
MODERN ARCHITECTURE
BUSINESS OPERATIONS
Incremental
Change
Generative AI
Consistency
Quality
Hybrid Cloud
Zero Trust
Leverage SaaS
Standards
Speed
Standards

PEOPLE – Martin Devereux
Branches
337 - up 6
Countries
27 – up 1
People
10,644
Our culture: Promotion from within and development of international career paths
•Growth from the ‘floor’ into roles of genuine responsibility
•Ground up decision making as close to the customer as possible

Our Team Development: Programs driving culture, safety and leadership in all regions
•Induction courses
•Easy to Do Business With courses
•Safety courses and well-being forums / initiatives
•Leadership training
•Personal development programs (Outward Bound and the Main Divide)
Our future team: Must have potential to be Branch Managers. Need passion, drive,
intelligence, a desire to grow and entrepreneurial instincts
•Mainfreight Development Program (Post secondary school or University)
•Decentralised approach to recruitment driven at branch level
•Permanent, career minded people to drive our continued growth
Our communities: Long standing relationships with Duffy Books in Homes / Life Education
Trust / IDEA Days. A commitment to educate and to assist those less privileged

PEOPLE – Martin Devereux
Branches
337 - up 6
Countries
27 – up 1
People
10,644
Team Numbers as
at 31/08/24
THIS YEARLAST YEAR
MaleFemaleMale Female
New Zealand286177%23%76%24%
Australia266371%29%71%29%
Europe307274%26%74%26%
Americas199465%35%59%41%
Asia50937%63%38%62%
Total Group1109971%29%70%30%
Of our 337 branches, 75 branches are driven by women. More work to do to increase this number
and the number of women in senior roles with P&L responsibilities. September 2024 Outward
Bound program saw five females attend alongside nine men. Group Parental Leave program
supporting team grow their careers and their families.

PEOPLE – Martin Devereux
Branches
337 - up 6
Countries
27 – up 1
People
10,644
Health & Safety – Key focus across all regions at all levels of business
Group Notifiable Incidents
2024 Financial Year: 18 accidents August YTD: 14 accidents
Incidents and events – Measure by branch / by region. Share lessons /
learnings internationally
Safety initiatives:
•Intensive training programs
•Fatigue protection devices (In-cab cameras / Vibration kits - AutoSense)
•Pedestrian detection devices and height cameras/sensors – handling
equipment
•Fleet management of forklifts: data driven insight into driving behaviours
•Safety check-ins: Working from Heights and keeping your brothers and
sisters safe

We have invested in sustainable infrastructure
• 8.4 MW in solar generation (up 30% in FY24)
• 9.5 MWh in battery storage (up 45% in FY24)
• Rainwater capture and filtration
We have lowered the environmental impact of our operations
• 84% of forklifts are now electric (up 4% in FY24)
• 46% of our car fleet is hybrid/electric (up 3% in FY24)
• 33 hybrid and electric trucks in the fleet – more on order
We have brought our partners on our journey with us
• Over 500 customers using our Carbon Tracking Platform
We are meeting our climate risk disclosure requirements
• NZ Climate related disclosure report published
• Work underway on Australian and European disclosures
SUSTAINABILITY - Graeme Illing – We have made progress
“Since 2018, we have reduced gross emissions by 10% while doubling the size of our business”

Solar installations to future proof new sites
•Engineering roofs to handle large arrays
•Conduits to distribute new power to DC fleet charging
•Switch boards to support future power needs
Additional water storage
•Increasing storage at new sites
Ongoing fleet electrification
•End of life forklifts replaced with electric models
•Small fleet transition from ICE to PHEV/Hybrid/Full electric tailored to
role requirements
•Two new Drayage electric trucks to be added to the US fleet
•Increased use of HVO (Hydrogenated Vegetable Oil/Biodiesel)
Exploring new technologies
•Investigating Hydrogen and SAF
•100% SAF would enable 80% emission reduction
Customer tenders now specify sustainable delivery solutions
•Gaining business as a consequence
SUSTAINABILITY – We have a clear roadmap ahead

Legislated reporting requirements add cost to the business
•Regional variation in legislative requirements
•Targeting standardised approach similar to financial reporting
Global electricity demand is expected to more than double by 2050
•We will be significantly more impacted given the size of our fleet
• A single heavy DC truck charger uses twice the electricity demand
of a large freight terminal
We have limited control – our customers choose how they want
their freight moved
•Inform and educate our customers to encourage them to adopt the
most sustainable mode
- Linehaul to Rail delivers a 70% reduction per tkm
- Linehaul to Coastal delivers a 50-80% reduction per tkm
- Air to Sea delivers a 95-98% reduction per tkm
We will continue to focus our effort on delivering tangible
solutions
•Prioritising continuous improvement

SUSTAINABILITY – But challenges remain

TRADING UPDATE – Estimated Revenue
NZ$000THIS YEARLAST YEARVAR %
New ZealandNZ$557,835556,9110.2%

AustraliaAU$
754,928632,93219.3%

AmericasUS$
345,028324,8286.2%

Europe
EU€
294,569282,1954.4%

AsiaUS$
65,37948,89833.7%

TotalNZ$2,554,3892,355,0428.5%
*

June QtrNZ$1,245,9571,170,7136.4%

September QtrNZ$1,308,4291,184,32910.5%

TotalNZ$2,554,3892,355,0428.5%*

*
Excluding FX% over last year 9.1% 
# Intercompany Revenue has been eliminated
August Actuals plus September “weeklies” (26 weeks of trading 1Apr to 30 Sept)

TRADING UPDATE – Estimated PBT
NZ$000THIS YEARLAST YEARVAR %
New ZealandNZ$46,37861,087-24.1%

AustraliaAU$
60,80456,4907.6

AmericasUS$
8,14011,981-32.1%

Europe
EU€
13,23712,5455.5%

AsiaUS$
5,9296,560-9.6%

TotalNZ$158,540174,836-9.3%
*

June QtrNZ$73,29083,566-12.3%

September QtrNZ$85,25091,270-6.6%

TotalNZ$158,540174,836-9.3%
*

*
Excluding FX% over last year -9.2%
August Actuals plus September “weeklies” (26 weeks of trading 1Apr to 30 Sept)

FINANCIAL OVERVIEW – Estimated trading by division
WAREHOUSING
AIR & OCEAN
TRANSPORT
Revenue: NZ$ 1,115.5 million  2.6%
PBT: NZ$ 71,910 million  -2.1%
Revenue: NZ$ 408,238 million  3.8%
PBT: NZ$ 20,427million  -24.8%
Revenue: NZ$ 1,030.6million  17.9%
PBT: NZ$ 66,203 million  -10.8%
August Actuals plus September “weeklies” (26 weeks of trading 1Apr to 30 Sept)

FINANCIAL OVERVIEW – Capex
•Net Capex $94M to end of August. Project Capex for
FY25 has reduced by $22M from $255M announced
in March to $233M
•Debt Facilities $499M, undrawn $302M – this is
down from $352M undrawn in March
•Bonus accrual is at normal levels
•Half Year result to 30 September will be released on
13 November 2024

OVERVIEW – Half Year Expectations
Revenue: $ 2.55 billion
 8.5%
PBT: $ 158.5 million  -9.3%
A small improvement for the second quarter of trading in this half
• Expect further improvements into the second half of the Financial Year
Satisfactory sales revenue increases driven by:
• Increased customer gains and volume improvements
• Increasing ocean freight rates
• Strong sales focus continues with opportunities being converted
Pleasing Australian performance
Capital Expenditure and leasehold investments, further improving our network capability and customer
solutions
Margins across the network require improvement
US East Coast/Gulf Port issues will create supply chain congestion issues – Yet to understand the impact or
opportunity

Thank you
OUTLOOK

---

M A I N F R E I G H T L I M I T E D

Mainfreight Lane | off Saleyards Road | Otahuhu 1062 | New Zealand
Tel +64 9 259 5500 | Fax +64 9 270 7400
PO Box 14-038 | Panmure | Auckland 1741 | New Zealand


Supporters of
MAINFREIGHT – GLOBAL LOGISTICS


NZX MARKET RELEASE


8 October 2024


MAINFREIGHT LIMITED – INVESTOR DAY / MARKET UPDATE


Mainfreight Limited (NZX: MFT) has included a market update in its Investor Day
presentation given by the Mainfreight Leadership team this morning (NZT) in
Northlake, Texas, USA.

The market update covers 26 weeks of trading, and is an estimate provided in advance
of the F25 half-year results to 30 September 2024, which will be released on
Wednesday, 13 November 2024.

• Estimated revenue for the 26 weeks has improved 8.5% to $2.55 billion
• Estimated profit before tax for the 26 weeks has declined -9.3% to $158.5 million

Full details are provided in the accompanying Investor Day presentation pack.


Graeme Illing
Group Chief Financial Officer
T: +64 9 259 5522
E: graeme.illing@mainfreight.com



Mainfreight Limited
2 Railway Lane, Otahuhu, Auckland 1062
PO Box 14038, Panmure, Auckland 1741