Corporate presentation 2018

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Emily Cunningham
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1 Corporate presentation 2018

DSV Global Transport and Logistics We support our customers entire supply chain Operations in more than 80 countries More than 1,000 branch offices, terminals and warehouse facilities Top 5 global

2 DSV Global Transport and Logistics We support our customers entire supply chain Operations in more than 80 countries More than 1,000 branch offices, terminals and warehouse facilities Top 5 global freight forwarder One company three divisions Air & Sea global network Road overland transport on three continents Solutions contract logistics services worldwide A dedicated CSR profile Based on UN Global Compact More about DSV Annual revenue of DKK 75 billion (USD 11.3 billion) Listed on Nasdaq Copenhagen No majority shareholder 100% free float Corporate presentation updated 8 February 2018

3 A strong global transport and logistics network EMEA 460 offices 385 logistics & cross-dock facilities (4,220,000 sqm) 31,900 employees 290,000 tonnes of air freight (export) Americas 108 offices 40 logistics & cross-dock facilities (760,000 sqm) 520,000 TEU (export) 30 million shipments 7,700 employees 120,000 tonnes of air freight (export) 150,000 TEU (export) 400,000 shipments APAC 107 offices 56 logistics & cross-dock facilities (600,000 sqm) 6,000 employees 220,000 tonnes of air freight (export) 730,000 TEU (export) Corporate presentation updated 8 February 2018

4 We support our customers entire supply chain Corporate presentation updated 8 February 2018

5 Three divisions working together to support the entire supply chain Air & Sea Road Solutions Access to all markets through our global network Annual ocean freight volume of 1.4 million TEU Road freight services in Europe, North America and South Africa More than 20,000 trucks on the road every day Contract logistics services worldwide 400 logistics facilities more than 5 million m2 Annual air freight volume of 650,000 tonnes FCL/LCL and project transports Special competencies in key industries e.g. automotive, renewable energy Handling 30 million shipments annually Groupage and LTL/FTL services Special competencies in key industries, e.g. automotive, retail Special competences in key industries, e.g. automotive, healthcare, consumer products Solutions for E-commerce Corporate presentation updated 8 February 2018

6 Competitive landscape Global top 20 freight forwarders based on 2016 revenue (billion USD) DHL Logistics (DE) Kuehne + Nagel (CH) DB Schenker (DE) C. H. Robinson (US) (DK) XPO Logistics (US) UPS (US) CEVA Logistics (NL) Dachser (DE) The market is fragmented and DSV s market share is ~ 2% It is estimated that the top 20 companies control 30% of the total freight forwarding market J. B. Hunt (US) Expeditors (US) SNCF Geodis (FR) Gefco (FR) Panalpina (CH) Sinotrans (CN) Kintetsu (JP) Yusen Logistics (JP) Rhenus & Co. (DE) Hellmann (DE) Agility Logistics (KW) Source: Journal of Commerce, April 2017, DSV estimates Corporate presentation updated 8 February 2018

7 10% A global network created through M&A 24% More than 50 companies united over time 66% Breakdown of EBIT by division Air & Sea Road Solutions Breakdown of EBIT by geography 59% 3% 38% 67,747 DKKm Revenue 3,475 DKKm EBIT 74,901 DKKm Revenue 4,878 DKKm EBIT 2017 EMEA independent hauliers establish DSV Americas APAC 100% 797 DKKm Revenue 33 DKKm EBIT 1989 DSV acquires several Danish competitors 2,694 DKKm Revenue 98 DKKm EBIT 1997 DSV acquires Samson Transport and becomes DSV Samson Transport 19,478 DKKm Revenue 854 DKKm EBIT 2000 DSV acquires DFDS Dan Transport Group and quadruples the size of the company 31,972 DKKm Revenue 1,504 DKKm EBIT 2006 DSV acquires Frans Maas 37,435 DKKm Revenue 1,936 DKKm EBIT 2008 The DSV activities change names from DFDS Transport to DSV (2007) and DSV acquires ABX LOGISTICS 2016 DSV acquires UTi Worldwide Corporate presentation updated 8 February 2018

8 Financial highlights Net revenue by division (FY 2017) Net revenue by region (FY 2017) 14% 13% 18% 46% Air & Sea Road Americas EMEA 40% Solutions APAC 69% Net revenue (DKK million) Operating profit (DKK million) 67,747 74,901 4,878 45,710 48,582 50,869 2,552 2,624 3,050 3, Corporate presentation updated 8 February 2018

Vision and strategy We want to be a leading freight forwarder targeting above market level profit and growth Growth Active M&A strategy Pursuit of market share gains Customers mydsv new digital

9 Vision and strategy We want to be a leading freight forwarder targeting above market level profit and growth Growth Active M&A strategy Pursuit of market share gains Customers mydsv new digital platform Roll out of global warehouse management system DSV Purchase Order Management DSV customer success programme x Human Resources DSV Academy education and talent programmes Implementation of global HR platform Organisation Maintain a flat organisation with strong local ownership Further development of shared service centres Process and IT New road transport management system Robotics (process automation) Consolidation of infrastructure (systems, warehouses, offices) Corporate presentation updated 8 February 2018

10 Values Our culture and service are defined by our global values Customers first We deliver great customer experiences and high quality services We are proactive in our customer dealings and work hard to retain customers We make it easy for our customers to do business with us Best performance We are transparent and driven by results We work together as ONE DSV across our entire global network We are driven by entrepreneurship and local empowerment True collaboration We take ownership and show initiative We collaborate and communicate in a respectful way We practise open dialogue Corporate presentation updated 8 February 2018

DSV Corporate Social Responsibility Ensuring our work and partnerships are based on an ethical business

Business ethics and anti-corruption Employees and working environment Community engagement Red Cross

We work together providing: Logistics services Logistics expertise Financial support DSV is a constituent

11 DSV Corporate Social Responsibility Ensuring our work and partnerships are based on an ethical business model Global Compact is based on ten universally accepted principles relating to: Environment and climate Business ethics and anti-corruption Employees and working environment Community engagement Red Cross Denmark is DSV s international humanitarian aid partner. We work together providing: Logistics services Logistics expertise Financial support DSV is a constituent of the FTSE4Good Index Series, demonstrating strong practices within the areas: Environmental Social Governance Corporate presentation updated 8 February 2018

Community engagement with Red Cross Red Crescent Making a difference with a global humanitarian aid organisation, Red Cross Red Crescent partnership in 2017 DSV and the Red Cross are both

12 Community engagement with Red Cross Red Crescent Making a difference with a global humanitarian aid organisation, Red Cross Red Crescent partnership in 2017 DSV and the Red Cross are both international organisations with a global reach. DSV provides logistics services, expertise and financial support including: Provision of 2,000 sqm warehouse space for emergency relief equipment in Denmark Transport of equipment to a port or airport near the warehouse Financial support of two of Red Cross international project in Africa Local DSV engagement in Red Cross activities around the world Corporate presentation updated 8 February 2018

13 Corporate presentation updated 8 February 2018

14 DSV Air & Sea at a glance Access to all markets through our worldwide network Facts about our operations 12,000 employees 400 offices spread across the globe Annually ocean freight volume of 1.4 million TEU Annually air freight volume of 650,000 tonnes Products/services Full container load Less than container load Non-containerised load Air logistics solutions Rail DSV XPress Consolidation Purchase Order Management DSV operates own offices and consolidation facilities Corporate presentation updated 8 February 2018

15 DSV Road at a glance Services on three continents Facts about our operations 13,000 employees 220 cross-dock facilities More than 20,000 trucks on the road every day Handles 30 million shipments on a yearly basis Products/services International / domestic Groupage Less-than-truckload Full-truckload Intermodal DSV XPress A wide range of specialised services DSV operates own offices and cross-dock facilities Corporate presentation updated 8 February 2018

16 DSV Solutions at a glance Contract logistics services on a global scale Facts about our operations 18,400 employees 400 logistics facilities more than 5 million m2 Products/services Warehousing services Distribution E-commerce Pick and pack Industry-specific capabilities Automotive Consumer products Healthcare High-tech Industrials DSV operates own offices and logistics facilities Corporate presentation updated 8 February 2018

17 We will keep our focus on quality and personal customer service. This will still be in demand in the digital years to come. DSV Annual Report 2017

18 DSV Corporate Social Responsibility Environment is the single most important CSR issue for the transport sector 2017 performance environment and climate We wish to increase collaboration with interested strategic customers and suppliers in order to find transport solutions focusing on the reduction of carbon emissions and general environmental impacts. We will report on climate parameters such as group carbon emissions, energy efficiency from transport modes and energy and water consumption from buildings. We will establish targets for annual waste reduction per square metre in our locations environment and climate targets We wish to increase collaboration with interested strategic customers and suppliers in order to find transport solutions focusing on the reduction of carbon emissions and general environmental impacts. We will report on climate parameters such as group carbon emissions, energy efficiency from transport modes and energy and water consumption from buildings. We will in 2018 increase the share of DSV locations that sortes waste for recycling measured per square metre Corporate presentation updated 8 February 2018

19 Financial highlights Net revenue by division (FY 2017) Net revenue by region (FY 2017) 14% 13% 18% 46% Air & Sea Road Americas EMEA 40% Solutions APAC 69% Net revenue (USD million*) Operating profit (USD million*) 11, ,929 7,364 7,711 10, *) Based on average 2017 exchange rate Corporate presentation updated 8 February 2018

20 Financial highlights Net revenue by division (FY 2017) Net revenue by region (FY 2017) 14% 13% 18% 46% Air & Sea Road Americas EMEA 40% Solutions APAC 69% Net revenue (EUR million*) Operating profit (EUR million*) 10, , ,144 6,530 6, *) Based on average 2017 exchange rate Corporate presentation updated 8 February 2018

CEO Konference, PwC, March Jens Bjørn Andersen, CEO

CEO Konference, PwC, March Jens Bjørn Andersen, CEO CEO Konference, PwC, March 2019 Jens Bjørn Andersen, CEO Content 1 History of DSV 2 Growth through M&A 3 DSV s growth- and acquisition strategy 4 Q&A 2 PwC CEO Konference, March 2019 It all started in