New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Freightways reported a solid FY22 result and the A$160m acquisition of Allied Express, a courier and express freight company in Australia</li><li>Express Package: Revenue growth of +9%, held back by postal (-6%)</li><li>Information Management: Revenue growth of +10% driven predominantly by Medical Waste gains</li></ul>

Freightways reported a solid FY22 result and the A$160m acquisition of Allied Express, a courier and express freight company in AustraliaExpress Package: Revenue growth of +9%, held back by postal (-6%)Information Management: Revenue growth of +10% driven predominantly by Medical Waste gains

Freightways: FY22 Result and Allied Express Deal Initial Thoughts

Freightways Ltd

Freightways: FY22 Result and Allied Express Deal Initial Thoughts