New passive packing solution launched at event

HYDERABAD, India – February 25, 2019 – Agility, a leading global logistics provider, hosted Pharmerging Expo 2019 and Unbroken Cold Chain – Series II, a conference bringing together over 300 professionals from the supply chain industry.

The gathering, now in its second year, featured five panel discussions on key issues for the life science industry, including perishable and pharmaceutical supply chains, challenges in ocean freight and air freight transhipment hubs.

At the conference, Agility launched and showcased a co-branded passive packaging solution, Agile+, developed in collaboration with PLUSS Advanced Technologies and Tagbox. Agile+ is a shipment box for the pharmaceutical industry that can be used to move highly critical international shipments. Agile+ can keep strict temperature levels for up to 120 hours, and the box’s tracking system provides users with real-time visibility of temperature status and location.

Satish Lakkaraju, Chief Commercial Officer, Agility India, said, “The life science industry is one of Agility’s key verticals, and is particularly important to Agility India, given the large pharmaceutical market here. We wanted to focus the Unbroken Cold Chain event on how the industry can address challenges in air and ocean supply chains as it relates to the pharmaceutical industry – something the conference did successfully.”

As part of the conference, Agility also hosted Pharmerging Expo, an exhibition for the stakeholders of pharmaceutical supply chain. The exhibition had 25 booths from airlines, shipping lines and airports, giving companies the opportunity to display pharma supply chain solutions.

SGK Kishore, CEO and Chairman, GMR Hyderabad International Airport (GHIAL), said, “Both the Pharmerging Expo and the Unbroken Cold Chain – Series II gave premium pharmaceutical cargo and logistics operators the opportunity to collaborate and exhibit the latest information and tools in the growing pharma business. Hyderabad International Airport has always been a preferred destination for pharmaceuticals with more than 60% of cargo being pharma products. GHIAL, as an airport operator, is committed to working with our partners to enable a robust pharma logistics value chain using innovative technology and digital concepts. We thank Agility for organizing this event and welcome all the industry players who participated.”

The Pharmerging Expo 2019 and Unbroken Cold Chain – Series II took place January 28 – 30 at the Novotel Hyderabad Airport. Key sponsors included Emirates SkyCargo, va-Q-tec, Dallas Fort Worth International Airport, GMR Hyderabad Air Cargo & Logistics, Algor Logistics, SkyCell AG, Etihad Cargo, Qatar Airways Cargo, Controlant, Shipa Freight, Novotel Hyderabad Airport, Emball’iso and BATCO CFS.

About Agility

Agility Global Integrated Logistics is one of the world’s top freight forwarders and providers of contract logistics. It offers ocean, air and road freight, warehousing and distribution, and integrated supply chain services in more than 100 countries. Agility GIL also provides specialist solutions for capital projects, oil and gas, chemicals, and fairs and events logistics. GIL and its parent, Agility, are pioneers in emerging markets, and leaders and investors in the use of technology to enhance supply chain efficiency. Agility is a publicly traded company with $5.1 billion in annual revenue.

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

Agility would like to invite you to join its Fourth quarter 2018 earnings webcast on Thursday February 21, 2019 at 2:00 pm (Kuwait), 6:00 am (New York) and 11:00 am (London)

Speaker:
Ehab Aziz, Group CFO

Host:
Rita Guindy, Arqaam Capital

To attend and view the webcast, please click here at least 10 minutes before the beginning of the event.

Click here to join meeting

In case you would like to submit your questions ahead of the scheduled webcast, please contact us at [email protected].

Sincerely,

Investor Relations Department
Agility Public Warehousing Company

KUWAIT – February 16, 2019 — – Agility, a leading global logistics provider, today reported 2018 net profit of KD 81.1 million, or 56.06 fils per share, an increase of 18.4% from 2017. Revenue for the year reached KD 1,550.2 million, and EBITDA was KD 154.8 million, increases of 10.2% and 14.5%, respectively.

For the fourth quarter 2018, Agility reported a net profit of KD 22.2 million, or 15.35 fils per share, an increase of 15.1% over Q4 2017. EBITDA for Q4 2018 was KD 40.8 million, an increase of 8.4%.

Board of Directors Recommendation

Agility’s Board of Directors has recommended a cash dividend distribution of 15% (15 fils per share), along with 15% bonus shares (15 shares for every 100 shares), subject to approval of the General Assembly.

Agility Consolidated Results

“Agility has improved profitability for shareholders for 10 consecutive quarters. In 2018, Agility posted double-digit EBITDA growth for the third year in a row,” said Agility Vice Chairman and CEO Tarek Sultan.

Sultan said the company continues to invest in its future by building more than 1 million sqm of new warehousing and industrial facilities across the Middle East and Africa; building, through one its subsidiaries, the $1.2 billion Reem Mall mega project in Abu Dhabi; and investing more than $100 million in Shipa, its digital logistics platform. Cash flow from operations has been healthy and growing, while free cash flow has been limited as a result of capital expenditure that led to increased borrowing to fund strategic investments. Agility’s dividend recommendation reflects its desire to reward shareholders without inhibiting future business growth.

Sultan said Agility remains committed to achieving its target of $800 million EBITDA. However, the timeline may be stretched beyond 2020. Agility will be exploring different avenues for unlocking and maximizing value for our shareholders, including investments, acquisitions, and public offerings of certain businesses in its portfolio, he said.

Agility Global Integrated Logistics

Agility Global Integrated Logistics (GIL) revenue grew 8.6% to KD 1,153.1 million in 2018, driven by strong growth across core products. Net revenue also grew by 4.9% year-over-year, with 22.9% net revenue margins, as a result of better air freight yields and stable ocean freight yields. Full year EBIDTA rose 6.3% to KD 35.9 million, attributable to strength in freight forwarding and contract logistics, consistent execution of GIL’s commercial strategy, and management’s focus on efficiency.

On core products: contract logistics grew 8.7% its revenue, and GIL outperformed the market in both air and ocean volumes. GIL air freight tonnage increased 9.2% and ocean freight TEUs grew 6.7% vs. global market air freight volume growth of 4.5% and global ocean freight volume growth of 3.5%.

In air freight, the fastest growing verticals were fashion, industrial and high-tech. In ocean freight, Agility saw strong trans-Pacific trade lane growth, particularly in anticipation of US-China tariff implementation. However, there was an overall decline in demand and pressure on margins on these same ocean lanes for the second half of 2018. Agility GIL made new contract logistics investments in Australia, China, India and the Middle East in 2018, and has an ongoing effort to drive margin improvements in contract logistics.

In Q4, GIL revenue was KD 293.5 million, flat with Q4 2017. Net revenue increased 2.1% and net revenue margins increased to 23.1% vs. 22.7% in Q4 2017. Performance was driven by strength in freight forwarding, where air and ocean volumes increased 6.9% and 1.4%, respectively, for the fourth quarter. Strength in air freight was a result of high growth across multiple trade lanes and sales channels and especially strong demand from GIL’s strategic customers. During Q4, the US-China trade dispute and tariffs slowed overall air freight growth. GIL had stable ocean freight performance across geographies and sales channels with strong net revenue growth from strategic customers.

GIL continues to invest in technological transformation to improve efficiency and better serve customers. Digital leadership in the logistics industry is the key to its future growth, and the company is investing in its global operating platform, digital transformation strategy, and digital logistics platform.

Agility’s Infrastructure Companies

For full year 2018, Infrastructure group EBITDA grew 8.4% and revenue increased 15%. Agility is investing in these companies to drive its future growth.
Agility Logistics Parks (ALP), previously known as Industrial Real Estate, reported 6.6% revenue growth for the year, despite challenging market conditions. In Kuwait, ALP’s focus is driving the efficiency of existing assets. ALP completed construction and development of 85K sqm of warehousing space in 2018. In Riyadh, ALP completed and delivered 80K sqm of warehousing space and began constructing three facilities of 40K sqm each to be delivered in 2019 and 2020.  In Africa, ALP began construction of new facilities in Ghana, Mozambique and Ivory Coast, which will deliver additional warehousing space of about 70K sqm in 2019.  In addition, ALP added Nigeria as part of its Africa expansion program.
Tristar, a fully integrated liquid logistics company, posted 33.7% revenue growth in 2018, results propelled by full-year impact of certain contracts and new business wins from new and existing customers. Tristar continues to look for opportunities to unlock value for its shareholders.
National Aviation Services (NAS), Agility’s airport services subsidiary, grew revenue 17.3% in 2018. NAS benefitted from strong growth in Afghanistan and India; major turnarounds that yielded positive Q4 results in Morocco and Tanzania; and a full year of operations in Uganda. Performance in Cote d’Ivoire, Liberia, Rwanda and Abu Dhabi was flat. NAS Kuwait operations were affected by increased costs for operational and airport authority requirements, in addition to the suspension of Wataniya Airlines.
United Projects for Aviation Services Company (UPAC), a leading real estate and facilities management company operating in Kuwait, experienced a good year in 2018. Revenue fell 1.9% in 2018 due to lower volumes in Kuwait car park operations due to the recent movement of passenger traffic to the new terminals, but UPAC improved efficiencies in key operations at Kuwait International Airport, Sheikh Saad Terminal and Discovery Mall. Outside Kuwait, UPAC is developing the $1.2 billion Reem Mall project in Abu Dhabi, in partnership with National Real Estate Company (NREC).

During 2018, UPAC signed a five-year, KD 5.4 million concession contract with the Incheon International Airport Corporation (IIAC) for the development, operations and maintenance of the parking lot at Terminal 4 (T4) at Kuwait International Airport.

GCS, Agility’s customs modernization company, posted growth in revenue and EBITDA in 2018. Revenue increased 12.3% as a result of fresh trade activity, plus a new stevedoring contract win with Kuwait Ports Authority. GCS also launched a new brokerage business. It is implementing initiatives to drive efficiency and improve profitability.

Closing

“Agility’s strategy has been consistent over the last several years: drive digital leadership and efficiency improvements in GIL, and invest in expansion and new developments for our logistics parks, fuel logistics, airport services and commercial real estate businesses. As always, we thank our shareholders, customers, employees, and partners for their trust and support in Agility. We look forward to an even better 2019,” Sultan said.

Financial Performance for the full year 2018

• Agility’s net profit reached KD 81.1 million, an 18.4% increase from KD 68.5 million in 2017. EPS was 56.06 fils, compared with 47.31 fils a year earlier.
• EBITDA was KD 154.8 million, a 14.5% increase from 2017.
• Agility’s revenue for 2018 was KD 1,550.2 million, an increase of 10.2% from KD 1,407 million in 2017. Net revenue increased by 5.9%.
• GIL’s revenue was KD 1,153.1 million, an 8.6% increase from 2017.
• Infrastructure group revenue was KD 412 million compared with KD 358.2 million in 2017, a 15% increase.
• Agility enjoys a healthy balance sheet with KD 1,843.2 million in assets. Its net debt position was KD 135.1 million as of Dec. 31, 2018. Operating cash flow was KD 97.7 million for full year 2018.

About Agility

Agility is a global logistics company with $5.1 billion in annual revenue and 22,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customs digitization, and remote infrastructure services.

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

Agility confirms that it is in early discussions with Panalpina about partnership opportunities between the logistics businesses of the two companies. Agility is always exploring opportunities to grow its business and maximize shareholder value. No agreement has yet been reached and there are no guarantees that an agreement will be reached.

For more information:

Hirzel.Neef.Schmid.Konsulenten
Andrés Luther
Jürg Wildberger
+41 43 344 42 42
[email protected]

Highly leveraged emerging market economies are feeling the pinch from growing protectionism and tightening monetary conditions in the United States. Are policy-makers equipped to avert a hard economic landing?

This session was developed in partnership with NDTV.

This video footage is a small section taken out of the Emerging Markets Outlook webcast at the World Economic Forum Annual Meeting 2019.

To view the full video, visit World Economic Forum.

Work will support Middle East’s largest petrochemicals complex

CAIRO – January 23, 2018 – Agility, a leading global logistics provider, has signed a memorandum of understanding to manage logistics at Carbon Holdings’ industrial facilities in Egypt, including construction of the new Tahrir Petrochemicals Complex (TPC).

Agility will work with Carbon Holdings, a midstream and downstream petrochemical and process industrial plant company, to transport plastic byproducts within Egypt and to customers abroad. Agility will also handle the distribution of chemical compounds, including low-density ammonium nitrate inside Egypt and the onward distribution to container ports for Carbon Holdings’ Egypt Hydrocarbon Corporation (EHC) business.

The 5 million square-meter TPC is expected to be the largest single-train naphtha cracker in the world and will be strategically located in the Suez Canal Economic Zone in Ain Sokhna, Egypt. During construction, Agility will collaborate with Carbon Holdings to optimize heavy lift operations for the project, including in-bound movement of containers, storage and equipment for construction.

Elias Monem, CEO of Agility Middle East and Africa, said: “Agility has extensive experience serving the petrochemicals industry with a suite of solutions across the supply chain, and a strong track record of providing specialized logistics expertise. Having handled over 1,000 mega-projects globally, our specialists are well-versed in the demands of high-value, turnkey projects and have extensive capabilities in global project logistics, fuel logistics and remote-site services.”

Basil El-Baz, Chairman and CEO of Carbon Holdings, said: “Once our state-of-the art facility is operational, TPC will significantly increase Egypt’s total oil and non-oil exports. Agility’s specialized logistics services will help us achieve our ambitious growth plans. Through TPC, we expect to be able to efficiently and effectively transport our materials around the world, given the site’s strategic location in the Suez Canal Economic Zone.”

Carbon Holdings develops, owns and operates a number of petrochemical manufacturing projects in Egypt. Once operational, TPC is expected to produce approximately 4 million tons a year of product and will be the first of its kind in the Middle East and Africa. TPC will consist of a derivatives unit, three polyethylene units, three polypropylene units, and associated facilities including a co-generation plant and water desalination plant.

About Agility
Agility Global Integrated Logistics is one of the world’s top freight forwarders and providers of contract logistics. It offers ocean, air and road freight, warehousing and distribution, and integrated supply chain services in more than 100 countries. Agility GIL also provides specialist solutions for capital projects, oil and gas, chemicals, and fairs and events logistics. GIL and its parent, Agility, are pioneers in emerging markets, and leader and investors in the use of technology to enhance supply chain efficiency.  Agility is a publicly traded company with $4.6 billion in annual revenue.

For more information about Agility, visit www.agility.com/africa

Twitter: twitter.com/agilityafrica

LinkedIn: linkedin.com/company/agilityafrica

YouTube: youtube.com/user/agilitycorp

About Carbon Holdings

Carbon Holdings is a privately owned midstream and downstream petrochemical and process industrial plant company and is the principal shareholder and sponsor of several projects in the industrial zone in the Northwest Gulf of Suez, Egypt. Established in 2008 by Chairman and Chief Executive Officer Basil El-Baz, Carbon Holdings is a leader in the development and operation of petrochemical manufacturing projects in Egypt. Its portfolio includes Oriental Petrochemicals Company (OPC), a top producer of polypropylene, and Egypt Hydrocarbon Corporation (EHC), the only producer of nitric acid and low-grade ammonium nitrate in the Middle East and Africa. The company is also establishing the Tahrir Petrochemical Complex with an investment of circa USD 11 billion, which will be located in Suez Canal Free Economic Zone.

For more information:

Carbon Holdings

[email protected]

Tel: + 20 (2) 3344-4774

28,500 sqm facility expands capabilities in key market

MANAMA, Bahrain – January 10 2019 – Agility, a leading global logistics provider, opened a 28,500 square meter facility in Hidd to expand its warehousing, freight, transport and specialty capabilities and serve as a regional logistics and distribution hub.

The new facility supports contract logistics with ambient, chilled and frozen storage, as well as solutions for high-value cargo. It will offer secure records management and storage and turnkey logistics for Bahrain-based manufacturers in the fast-moving consumer goods industry.

Agility is a leading provider of cross-border transportation, owning and operating a fleet of over 200 vehicles. Agility also facilitates customs brokerage for a number of multinational organizations based in Bahrain.

Essa Al-Saleh, CEO of Agility Global Integrated Logistics, said: “Bahrain is one of our key operational markets in the Middle East, offering high-quality infrastructure and a diverse community of regional business players. With an expanding population in the GCC and an increase in demand for integrated logistics services, our investment in Bahrain will help us better serve customers in the region. The opening of our new facility is a testament to our commitment to this promising market.”

The new facility, which has storage capacity of 17,000 pallet positions, represents a $10 million investment by Agility. It follows expansion of the company’s overland fleet in Bahrain to support its regional operations.

H.E. Mr. Zayed Alzayani, Bahrain’s Minister of Industry, Commerce and Tourism, said: “The Kingdom of Bahrain is undergoing rapid economic transformation and continuing to attract international investment, with the logistics industry playing a major role towards this. The industry benefits not just from Bahrain’s strategic geographic location, but also its growing infrastructure, established transport links and policies that are conducive to fostering business. The expansion of the regional logistics and distribution hub is a natural step for Agility, who have been steadily developing their operations in Bahrain since 2003.”

A recent World Bank report estimates that Bahrain’s economy will grow by 2.6 percent in 2019, driven by higher oil production and mega projects. In 2017, the total value of foreign direct investment (FDI) reached $733 million, with the share of transport and logistics being 10 percent.

Mr. Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board, said: “Bahrain offers the lowest setup and operating costs for a logistics business with cost savings of 30 to 40 percent compared to the rest of the GCC. This has encouraged several companies to utilize our ports and free zones in order to set up businesses and access the Gulf Cooperation Council, and the Arab world. Agility’s investments in the local logistics industry are testament to the business confidence that Bahrain provides.”

About Agility
Agility is a global logistics company with $4.6 billion in annual revenue and 22,000+ employees in more than 100 countries. It is one of the world’s top freight forwarding and contract logistics providers, and a leader and investor in technology to enhance supply chain efficiency. Agility is a pioneer in emerging markets and one of the largest private owners and developers of warehousing and light industrial parks in the Middle East, Africa and Asia. Agility’s subsidiary companies offer fuel logistics, airport services, commercial real estate and facilities management, customs digitization, and remote infrastructure services

For more information about Agility, visit www.agility.com

Twitter: twitter.com/agility

LinkedIn: linkedin.com/company/agility

YouTube: youtube.com/user/agilitycorp

Selected to be official freight forwarder and customs broker for 2019 and 2020

IRVINE, Calif. – January 9, 2019 – Agility, a leading global logistics provider, has been appointed as the official international freight forwarder and customs broker for InfoComm USA 2019 – 2020.

InfoComm is the largest professional trade show in the United States for the audiovisual and unified communications industry. The Audiovisual and Integrated Experience Association (AVIXA), headquartered in Fairfax, Virginia, produces the event each year. Agility Fairs & Events will assist exhibitors and their contractors with international logistics services, including freight forwarding; US Customs formalities; post-show warehousing; and expedited on-forwarding.

Margaret Churchill, Vice President of Agility Fairs & Events, United States, said: “This important award further expands Fairs & Events’ position in the global communications events market and broadens our technology portfolio. Agility Fairs & Events currently handles AVIXA’s InfoComm events in India and Beijing, China, as well as the Integrate show in Australia, produced in association with AVIXA, giving us an in-depth knowledge of the industry’s special needs and requirements.”

InfoComm’s 2019 event will be held at the Orange County Convention Center in Orlando, Florida. The 2020 show will be at the Las Vegas Convention Center in Las Vegas, Nevada.