Annual Meeting Speeches and Presentation

TIL Logistics Group Limited (NZX: TLL) annual shareholders' meeting is being held today in New Plymouth at 4pm. A copy of the Chair and CEO's speeches and presentation is attached. The company has confirmed it is expecting EBITDA for FY19 to be between $28m and $32m, taking into account the changes in the operating environment as previously advised, additional costs associated with increased leasing of trucks and the opening of new warehouses, and includes a partial year contribution from new acquisitions. CEO Alan Pearson said: "Demand for freight and logistics closely follows GDP, and the Reserve Bank of New Zealand is forecasting strong GDP growth over the next two years. Freight by road is the primary mode of transport in New Zealand and we don't see this changing. What we do expect to see is more multi-modal transport options, using a mix of transport options such as shipping, rail or road depending on a customer's needs. "Our expertise in the logistics sector means we are well set up to help our customers utilise the best option for specific freight loads and our national network allows us to offer an end to end supply chain offer. "We've started the financial year strongly and have identified a number of opportunities to grow our revenue and margins at a rate higher than the sector generally. The second half of the year will see us continuing to focus on what we are doing well - growing our businesses, building our customer base and identifying opportunities to leverage our strengths in the market." ENDS End CA:00325863 For:TLL Type:MEETING Time:2018-10-26 15:57:13