LogiFleet Solutions

Q1 2025
Quarterly Business Update

January – March 2025

Presented • April 15, 2025

Executive Summary

Strong Start to 2025

Record delivery volumes, expanding margins, and strategic momentum

• Revenue reached $187.2M, up 12.4% year-over-year — the highest Q1 in company history
• Operating margin improved to 14.2% (vs. 12.8% in Q1 2024) driven by route optimization and fuel efficiency
• 2.4 million deliveries completed with a 96.8% on-time rate; customer satisfaction scored 4.6 / 5.0
• Launched 3 new regional hubs in the Southeast and expanded our electric fleet by 40 vehicles

Financial Performance

Revenue & Profitability Highlights

Strong topline growth paired with margin expansion

$187.2M

Total Revenue

▲ +12.4% YoY

$26.5M

Net Income

▲ +18.7% YoY

14.2%

Operating Margin

▲ +140 bps YoY

$34.1M

Adjusted EBITDA

▲ +15.2% YoY

0.92

Debt / Equity

▼ −0.06 YoY

$8.2M

Free Cash Flow

▲ +22.1% YoY

Operational Metrics

Scale & Service Quality

Record delivery volume with best-in-class reliability

2.41M

Deliveries Completed

▲ +9.8% YoY

96.8%

On-Time Delivery Rate

▲ +1.2 ppts YoY

99.2%

Shipment Accuracy

▲ +0.4 ppts YoY

87%

Fleet Utilization

▲ +4 ppts YoY

4.6 / 5.0

Customer Satisfaction

▲ +0.2 pts YoY

1.8 Days

Avg. Delivery Time

▼ −0.3 days YoY

Revenue Trend

Quarterly Revenue (USD Millions)

Five consecutive quarters of steady growth

Year-over-Year Comparison

Q1 2024 vs. Q1 2025

Double-digit growth across key performance indicators

Metric	Q1 2024	Q1 2025	Change
Total Revenue	$166.5M	$187.2M	▲ +12.4%
Deliveries Completed	2.20M	2.41M	▲ +9.8%
On-Time Delivery Rate	95.6%	96.8%	▲ +1.2 ppts
Customer Satisfaction	4.4 / 5.0	4.6 / 5.0	▲ +0.2 pts
Operating Margin	12.8%	14.2%	▲ +140 bps
Fleet Size (active)	1,420	1,530	▲ +7.7%
Avg. Delivery Time	2.1 days	1.8 days	▼ −0.3 days
Employee Headcount	3,280	3,510	▲ +7.0%

Strategic Initiatives

Building for the Future

Four key pillars driving long-term value

🌐

Regional Expansion

Opened 3 new hubs in Atlanta, Nashville, and Charlotte – expanding coverage in the Southeast corridor.

⚡

Electrification Program

Added 40 EVs to the fleet; now 18% of last-mile deliveries are zero-emission. On track for 30% by 2026.

🧠

AI Route Optimization

Deployed machine learning for dynamic routing, reducing fuel consumption by 6.2% and improving driver utilization.

👥

Talent & Safety

Launched driver apprenticeship program; 230 new hires. Incident rate reduced by 18% vs. prior year.

Outlook & Priorities

Q2 2025 & Beyond

Sustained momentum with a focus on profitable growth

📈

Revenue Guidance

Q2 2025 revenue expected between $192M – $198M, driven by peak e-commerce season and new Southeast hubs ramping to full capacity.

🎯

Key Priorities

• Integrate AI routing across all regions
• Expand EV fleet to 200+ vehicles
• Launch customer portal v2.0
• Maintain on-time rate above 97%

🚀

FY 2025 Targets

Revenue: $770M – $790M
Operating Margin: 14.5% – 15.0%
Deliveries: 10M+
CSAT: ≥4.7 / 5.0

🤝

Closing Statement

Q1 was a strong foundation for the year. We remain committed to operational excellence, sustainability, and delivering superior value to our customers and shareholders.

LogiFleet Solutions — Q1 2025 Business Update