World Kinect Corporation · NYSE:WKC
World Kinect — Q3 2026 Earnings Presentation
22 slides from World Kinect's earnings presentation, Oct 29, 2026
Slide 1: Third Quarter 2026 Earnings Call
WORLD KINECT CORPORATION THIRD QUARTER 2026 EARNINGS CALL OCTOBER 29, 2026
Slide 2: Disclaimer and Cautionary Note Regarding Forward-Looking Statements
DISCLAIMER AND CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements, including comments about World Kinect Corporation’s expectations regarding future plans, performance and acquisitions are forward-looking statements that are subject to a range of uncertainties and risks that cou
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES We believe that the non-GAAP financial measures, when considered in conjunction with our financial information prepared in accordance with GAAP, are useful to investors to further aid in evaluating our ongoing financial performance and to provide supplemental information
Slide 4: Executive Team
EXECUTIVE Ira M. Birns TEAM CEO John P. Rau President Mike Tejada EVP & CFO © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved. 4
Slide 5: Business Overview
“” BUSINESS OVERVIEW We delivered another strong quarter, supported by healthy .” fundamentals in Aviation, strong performance in Marine and continued progress in Land The actions we have taken to reshape the company are creating a stronger, more focused business, better positioned to deliver improv
Slide 6: Financial Overview
FINANCIAL OVERVIEW Mike Tejada EVP & CFO © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved. 6
Slide 7: Consolidated 3Q 2026 Financial Highlights
CONSOLIDATED 3Q 2026 FINANCIAL HIGHLIGHTS $ MILLIONS (EXCEPT EPS) 3Q 2026 3Q 2025 VOLUME 1 4,026 4,283 GROSS PROFIT $288 $250 ADJ. GROSS PROFIT 3 $279 $250 NET INCOME (LOSS) 2 $38 $28 DILUTED EPS $0.70 $0.46 ADJ. NET INCOME 3 $51 $30 ADJ. EPS 3 $0.99 $0.54 ADJ. EBITDA 3 $127 $94 OPERATING CASH FLOW
Slide 8: Consolidated 3Q 2026 Financial Highlights by Segment
CONSOLIDATED Volumes1 Adjusted Gross Profit2 3Q 2026 MM $MM FINANCIAL -6.0% +11.7% 4,283 HIGHLIGHTS 4,026 $278.9 $249.6 1,829 1,850 $147.9 $142.8 1,071 983 $58.8 $25.5 1,382 1,192 $81.4 $72.2 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Aviation 1. Includes gallons and gallon equivalents. 3Q26 Excludes volume re
Slide 9: Aviation
Q3 2026 Volumes Gross Profit AVIATION Gallons in MM $MM Q3 2026 vs Q3 2025 +1% +4% Third quarter 2026 gross profit was $148 1,829 1,850 $147.9 C $142.8 million, an increase of 4%, driven primarily by stronger commercial fuel $21.2 $35.9 resale performance as well as contributions from our expanded t
Slide 10: Marine
Q3 2026 MARINE Volumes Gross Profit Metric Tons in MM $MM Q3 2026 vs Q3 2025 -8% +131% 4.1 $58.8 Third quarter 2026 gross profit was $59 million, an increase of 131%, primarily 3.7 driven by higher profit contribution from our core resale business and certain physical locations, which continue to be
Slide 11: Land
Q3 2026 LAND Volumes1 Adjusted Operating Income2 Gallons in MM $MM -14% +102% Q3 2026 vs Q3 2025 1,382 $27.9 Third quarter 2026 Land Adjusted income 1,192 from operations was $28 million, an increase of 102% year-over-year, principally reflecting the benefits of our land portfolio transformation and
Slide 12: Adjusted Operating Expenses
ADJUSTED Consolidated Adjusted Operating Expenses OPERATING ($MM) EXPENSES1 $233 Third Quarter highlights Third quarter 2026 adjusted operating $186 $181 $181 $176 expenses were $176 million, a decrease of 3% year over year. The reduction primarily reflects the continued benefit of our Land cost-red
Slide 13: Fiscal Year 2026 Adjusted EPS Guidance
FISCAL YEAR 2026 ADJUSTED Adjusted EPS EPS1 GUIDANCE $3.52 - $3.62 $2.20 - $2.40 $1.91 1. Please see Appendix for a reconciliation of this non-GAAP measure to its most directly comparable GAAP measure. 2. Not a guarantee of actual future performance. Actual performance is subject to various risks an
Slide 14: Q&A
Q&A © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved.
Slide 15: Appendix
APPENDIX © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved.
Slide 16: Net Income and Diluted EPS Reconciliation
NET INCOME AND DILUTED EPS RECONCILIATION For the Three Months Ended September 30, $ in millions, except per share data 2025 2026 Net Income Diluted Earnings per Net Income Diluted Earnings per 1 (Loss) share (Loss) share1 GAAP Measure $25.7 $0.46 $38.0 $0.70 Impact of adjustments to weighted averag
Slide 17: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION $ in millions For the Three Months Ended September 30, 2025 2026 Net income (loss) including noncontrolling interest $28.1 $37.9 Interest expense and other financing cost, net 25.9 30.8 Income tax expense (benefit) 10.7 18.4 Depreciation and amortization 23.5 21.8 EBIT
Slide 18: Adjusted Operating Expenses
ADJUSTED OPERATING EXPENSES $ in millions For the Three Months Ended September 30, December 31, March 31, June 30, September 30, 2025 2025 2026 2026 2026 Operating Expenses GAAP Measure $186.8 $511.3 $214.9 $269.1 $208.0 Acquisition and divestiture related expenses - (0.8) (0.2) - (0.3) Non-core div
Slide 19: Adjusted Gross Profit
ADJUSTED GROSS PROFIT $ in millions For the Three Months Ended September 30, 2025 2026 Gross Profit GAAP Measures $249.6 $288.1 Non-core divestitures and business exits1 - (9.2) Gross Profit Adjusted Non-GAAP Measures 249.6 278.9 1. Adjustment related to land gross profit, there are no adjustments t
Slide 20: Land Segment Reconciliation
LAND SEGMENT RECONCILIATION Land Segment For the Three Months Ended September 30, $ in millions 2025 2026 Operating Operating Gross Profit Gross Profit Income (loss) Income (loss) GAAP Measure $81.4 $11.7 $81.4 $27.8 Acquisition and divestiture related expenses - - - - Non-core divestitures and busi
Slide 21: Consolidated GAAP to Non-GAAP Summary
CONSOLIDATED GAAP TO NON-GAAP SUMMARY For the Three Months Ended September 30, 2025 For the Three Months Ended September 30, 2026 $ in millions, except per share data GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP Aviation Gross Profit $142.8 - $142.8 $147.9 - $147.9 Operating Expenses 65.7 (0.
Slide 22: Investor Relations Contact
INVESTOR Braulio Medrano RELATIONS Senior Director FP&A and Investor Relations [email protected] CONTACT © Copyright 2026 World Kinect Corporation. Proprietary & Confidential. All Rights Reserved.