Agility Public Warehousing K S C P : Q3 2022 Analyst Presentation

Agility Earnings Call Presentation

Third Quarter and Nine Months 2022

November 2022

Forward-Looking Statements Disclaimer

This presentation is strictly confidential and is being shown to you solely for your information and may not be reproduced, retransmitted, further distributed to any other person or published, in whole or in part, for any purpose.

This presentation has been prepared by Agility Public Warehousing Company KSCP ("Agility") and reflects the management's current expectations or strategy concerning future events and are subject to known and unknown risks and uncertainties.

Some of the statements in this presentation constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. These forward-looking statements reflect Agility's current intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside Agility's control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Agility undertakes no obligation to revise any such forward-looking statements to reflect any changes to its expectations or any change in circumstances, events, strategy or plans. Because actual results could differ materially from Agility's current intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this presentation with due care and caution and seek independent advice when evaluating investment decisions concerning Agility.

No representation or warranty, express or implied, is made or given by or on behalf of Agility or any of its respective members, directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in or discussed at this presentation.

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Agenda

1. Business Update
2. Company Overview
3. Group Financial Performance
4. Q&A

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Q3 Business Update

Focused on value investing and executing on our growth strategy for controlled businesses in established sectors

Completed the acquisition of John Menzies in August for an equity value of £571 million.

The combined company will operate as Menzies Aviation and will be the world's largest aviation services company by number of countries and second largest by number of airports served.

Menzies Aviation will provide air cargo services, fuel services and ground services at airports on six continents.

The new company will have approximately 35,000 employees and operations at 254 airports in 58 countries, handling 600k aircraft turns, 2 million tonnes of air cargo and 2.5 million fueling turns per year.

Key Events

Tristar completed the 51% acquisition of HG Storage

International Limited ("HGSI").

HGSI is a joint venture between HNA and Glencore Group Funding Limited, a wholly owned subsidiary of Glencore Plc ("Glencore")

Through this deal, Tristar will acquire a majority holding in a well-diversified portfolio of oil storage, distribution and retail assets owned by HGSI, comprising 8 operating assets across 4 key regions: Europe, the Americas, Middle East and Africa.

The transaction, valued at USD 215 million, will add in excess of 3 million cubic meters of fuel storage capacity to the Tristar portfolio and extend the company's global presence to 29 countries across the globe.

Completed financing facility to fund future growth

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Transaction Completion

Finalized the acquisition of 100% of UK-based John Menzies PLC on 4 August 2022 and combined the business with National Aviation

Completion Services (NAS). The combination will be operating as Menzies Aviation to create a world leader in aviation and unlock greater value together.

Menzies Aviation will now be part of Agility's controlled businesses.

Accounting treatment

Platform for growth

This deal creates the largest owned and operated - "controlled" - business in Agility's portfolio by revenue, headcount, and global presence. On an annualized basis Menzies Aviation (the combined entity) is expected to contribute more than 40% of Agility's revenues and more than 35% of EBITDA.

Create a business leader with scale and global reach to be a serious contender in the ground handling industry and position itself as a leading player globally.

Menzies aviation is focused on creating value through driving cost and commercial synergies and by building a competitive advantage through its brand name service offerings and geographic presence.

Today's aviation platform gives Agility the ability to create a strong growth platform for bolt-on or sizeable M&A . The Ground Handling

sector is expected to witness a rebound in the medium to longer term.

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