Aramex : Q3 2023 Investor Presentation

INVESTOR

PRESENTATION

Q3 2023 Financial Results

Disclaimer | Cautionary Note Regarding Forward Looking Statements

This presentation has been prepared solely for informational purposes. The presentation may contain forward looking statements, which reflect our beliefs or current expectations and assumptions regarding the future of the business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Forward looking statements are neither historical facts nor assurances of future performance and can generally be identified by terminology including "anticipate", "aspire", "believe", "project", "estimate", "expect", "forecast", "strategy", "target", "trend", "future", "likely", "may", "should", "will", "intend", "plan", "goal", "objective", "seek", "roadmap", and other words of similar meaning or similar expressions.

By their nature, forward looking information and statements are subject to known and unknown uncertainties, risks and changesincircumstances that are difficult to predict and not in our control. Our actual results of operations and financial conditionsmay differ materially from that or those indicated in the forward looking statements. You should not place undue reliance on any of these forward looking statements.

Any forward looking statement made by us in the presentation is based only on information currently available to us and speaks only as to the date on which this presentation is made. Past performance is not a reliable indication of future performance. We make no representations or warranties as to the accuracy, or completeness of the information and shall not have any liability for anyrepresentations, express or implied, regarding the information contained in, or for any omissions from, the information includedin this presentation. We undertake no obligation to publicly update any forward looking statement whether as a result of new information, future developments or otherwise. The information contained in the presentation is prepared to assist prospective investors in making their own evaluation of the Company.

Disclaimer | Table of contents

1. Aramex at a Glance
2. Key Highlights of Q3 2023
3. Q3 2023 Product Breakdown
4. Q3 2023 Group Financial Results

Page 3

Aramex Overview | Aramex is a Global Provider of comprehensive Logistics and Transportation Solutions

16,000+	65+	600+
Employees	Countries	Offices

International Express

With Aramex International Express, sending time-sensitive documents or packages is prompt, convenient and easy.

Domestic Express

We understand that delivering from one side of the country to another requires efficiency and reliability of global standards and local operations and we continually strive for excellence.

USD 367M	USD 857M
Revenues Q3 2023	Market Cap on 29 Sep 2023

Freight Forwarding

Whether by sea, air or land, Aramex Freight provides the expertise for seamless and streamlined operations.

Logistics & Warehousing

As a global logistics and transportation solutions provider, Aramex will help simplify customers' operations with cost effective and comprehensive solutions.

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Regions | Aramex Global Footprint

NORTH

America

Eu Czech Republic

Ireland

Netherlands

United Kingdom

United States of America Canada

MENAT

Algeria	Libya
Egypt	Morocco
Georgia	Palestine
Iran	Sudan
Iraq	Tunisia
Jordan	Turkey

Lebanon

SUB-SAHARAN

AFRICA

Ghana	Tanzania
Kenya	Uganda
Nigeria	South Africa

GCC

Bahrain

Kuwait

Oman

Qatar

Saudi Arabia

United Arab Emirates

South Asia

Bangladesh

India

Indonesia

Malaysia

Singapore

Sri Lanka

Thailand

North Asia

China

Hong Kong

Oceania

Australia

New Zealand

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Aramex Overview | Key investment highlights

Four well-defined business products offer

Product diversification

A leading transportation player, with domestic and cross border expertise, as well as freight services across air, land and sea. Our Logistics business is leveraged strategically across our infrastructure to increase customer stickiness through supply chain services and 800k sqm in facilities across key markets in the Middle East and Africa.

Competitive advantage

Our end-to-end service offering - across courier express, freight, warehousing and supply chain - is a distinct competitive advantage and a unique capability in many of our key markets. This integrated approach is valuable for our clients and is allowing them to benefit from our total transportation offering across all sectors.

Growth prospects

Well -positioned to capture growth at a higher rate than the market, through expansion of trade lanes, and exposure to high growth verticals in emerging markets with solid GDP projections, where we have the right capabilities to win.

scale, diversification and an end-to-end service offering for customers, underpinned by a 40-year track record of successful operations.

DOMESTIC
~64% of Revenue	~35% of Revenue

Unlocking value

Operational efficiency and investments in state-of-the-art technologies are unlocking value and are a key profitability driver. Enhancements of our digital systems, automation and AI driven business decisions are fully integrated in our business strategy.

Strategic shareholders

Strategic shareholders provide opportunities. Aramex has two strategic shareholders, Geopost / DPD and Abu Dhabi Ports that provide partnership opportunities for all product lines.

Inorganic growth

The under-geared balance sheet is a source of value. In an industry where economies of scale are important, value accretive acquisitions will be transformational for Aramex and the source of significant earnings accretion.

*Approximately 1% of global revenues are from Other activities

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IN THE MIDDLE EAST OF IT ALL

AN ARAMEX DOCUMENTARY | 40 YEARS OF OPERATIONS

Click here to watch the video.

Q3 2023 Key Highlights

Business Highlights | Q3 2023 vs Q3 2022

Focus on quality business, operational efficiencies and cost optimization delivers GP growth and margin improvement, and a stable EBITDA margin. Management priority remains on growing quality revenue with robust margins to improve profitability.

• Through persistent global challenges, inflationary environment and currency fluctuations, Aramex delivered a robust Revenue of USD 367 million in Q3 2023, a decline of 5% Year-on-Year and a resilient Gross Profit of USD 91 million, a growth of 4% Year-on-Year. Excluding the FX impact, Revenue decline was 2% and Gross Profit growth was 8%.
• Aramex's strategically balanced geographical presence continues to be an advantage; the GCC remains the highest contributor to Group revenues with a share of 40% of total revenues, with the region also reporting 21% growth in Gross Profit in Q3 2023.
• The Company reported robust margin performance with Gross Profit margin increasing to 25% and a stable EBITDA margin of 10%.
• The Company's prioritization of cost management is also evidenced by the notable 9% decline in the Group's organic General and Administrative Expenses (G&A) in Q3 2023. Notably, selling expenses for the organic business increased during the quarter, in line with the Company's strategy to increase sales competencies in key verticals across key markets.
• EBITDA reached USD 36 million, a decline of 5% YoY in line with Revenue softness, indicating the continued focus on quality business, disciplined cost management and investment in operational efficiencies.
• Normalized Net Income was USD 8 million in Q3 2023, a decline of 23% YoY. Net income was normalized for the currency translation impact and the increase in finance expense loans following the acquisition of MyUS in Q4 2022.
• The Company remains robustly positioned with a healthy cash balance of USD 164 million and a strong balance sheet with a net debt-to-EBITDA ratio of 2.6x.

Page 9

Product Breakdown