Kelsian Group (KLS) Investor presentation summary

Business overview and operations

• Operates as a leading global multi-modal transport provider, focusing on bus, motorcoach, and marine services across Australia, the USA, Singapore, and the UK & Channel Islands.

• Over 90% of revenue post-tourism divestment is contracted or non-discretionary, ensuring stability.

• Largest multimodal public bus and ferry operator in Australia, second largest motorcoach operator in the USA, and third largest public bus operator in Singapore.

• Employs 12,900 people and delivers 384 million customer journeys annually, operating 6,115 buses and 126 vessels.

Financial performance and guidance

• Q3 FY26 trading met expectations, with strong performance in the USA and operational improvements in Australia.

• Underlying FY26 EBITDA guidance is $303–$312 million, with target leverage of 2.0x–2.5x.

• On track to achieve target leverage by 30 June 2026, assuming stable operating conditions.

Strategic initiatives and divestments

• Entered binding agreements to divest the Tourism Portfolio for $161 million, at 6.8x LTM EBITDA.

• Additional tourism assets to be sold separately for ~$3 million.

• Proceeds will reduce leverage and support organic and inorganic growth.

• Post-divestment, operations will focus on marine, bus, and motorcoach services with long-term, low-risk contracts.