9 May 2024

International Distributions Services plc: IDS' Global Parcel Business, GLS

International Distributions Services plc ("IDS" or the "Company") is today releasing a pre-recorded presentation outlining details of IDS' Global Parcel Business, GLS. The presentation provides investors with an opportunity to learn more about GLS' existing service offering as well as its growth pillars.

The presentation is available at www.internationaldistributionsservices.com/en/investors/possible-offer-for-ids-plc-by-ep-corporate-group-as/ and covers the following areas:

GLS today

·      GLS is a leading international carrier operating one of the largest ground-based parcel delivery networks in Europe, with global reach and a strong position in the cross-border, parcel segment

·      Presence across 40 countries and a growing footprint in North America, delivering around 900 million parcels per year on behalf of more than 250,000 customers

·      Global network built on customer proximity, providing consistent and tailored premium services

·      Proven track record of top line growth, strong margins and cash generation, consistently being one of the most profitable players in the sector

·      Asset light business model, broad customer base and geographic diversity enabling a resilient performance through the cycle and best in class returns

Recent evolution

·      Transformed B2C delivery proposition, leading to high levels of customer convenience and driving substantial volume gains

·      Digital innovation across the value chain has enabled significant customer and productivity benefits alongside gains across consumer and business segments

·      Network unlocked for growth through substantial capacity improvements in recent years and continued investment in the GLS network, consolidating strong positioning to deliver growth

·      Strong financial performance baseline sustained post pandemic

Growth pillars

·      Further strengthening one of the largest out-of-home ("OOH") networks in Europe by continuing to transform last mile experience, with locker expansion, parcel shops and innovative technology to consolidate a leading OOH capability in every European market where we operate

·      Upgrading network and operations to improve delivery speed, service flexibility and productivity

·      GLS set to expand to a more global offering, allowing access to new markets and increasing exposure to high growth segments as well as unlocking untapped synergies

·      Expanding GLS' service range including fulfilment to cement customer relationships, generate synergies with the parcel network and increase share of wallet

·      Putting sustainability at GLS' core, committed to actively implement environmentally friendly solutions

Martin Seidenberg, Group Chief Executive Officer of IDS plc, commented: "GLS is a leading parcel provider with a strong presence across Europe and in North America. It has a consistent track record of delivery. GLS is well positioned to build on this foundation with continued growth through operational excellence, digital transformation and the ongoing roll out of our out-of-home offer. We see significant opportunities for GLS ahead to create sustainable value for all our stakeholders."

Enquiries:

Investor Relations

John Crosse

Email: investorrelations@royalmail.com

Media Relations

Jenny Hall

Phone: 07776 993 036

Email: jenny.hall@royalmail.com

Greg Sage

Phone: 07483 421 374

Email: greg.sage@royalmail.com

Royal Mail press office: press.office@royalmail.com

Company Secretary

Mark Amsden

Email: cosec@royalmail.com