World Kinect Corporation Highlights Growth Strategy and Financial Outlook During 2024 Investor Day

World Kinect Corporation (NYSE: WKC) (“World Kinect” or the “Company”) today hosted its 2024 Investor Day, during which the Company discussed its unique position in a large global market, its strategy to capture opportunities across its three business segments, and its financial targets to drive attractive long-term shareholder returns.

“As our team continues to deliver for our global customer base, we are focused on our strategy to accelerate growth by driving efficiencies in our core distribution platform, increasing the availability of renewable energy and lower-carbon fuels, and expanding our suite of energy-management solutions,” said Michael J. Kasbar, Chairman and Chief Executive Officer. “I am confident our clear strategy will drive greater value for our shareholders.”

Financial Outlook

• The Company remains focused on driving greater operating efficiencies with a target of achieving a 30% adjusted operating margin by 2026.
• Increased operating efficiencies and profitable growth are expected to contribute to annual adjusted EBITDA of $480 – 520 million by 2026.
• The Company expects to generate between $900 million and $1.2 billion of total Free Cash Flow over the next five years, with approximately 40% of such amount expected to be allocated to buybacks and dividends.

“With a focus on generating improved shareholder returns, today we announced an updated financial outlook for increased operating efficiencies, profitability, and free cash flow,” stated Ira M. Birns, Executive Vice President and Chief Financial Officer. “We believe the achievement of these efficiency improvements, coupled with profitable growth, will enhance our ability to provide sustainable returns to shareholders.”

New Logo

The Company also debuted a new logo today, which better-reflects the Company’s strategic focus on its core operating model and growing sustainability solutions. This is a continuation of rebranding efforts begun in June 2023, when the Company changed its name from World Fuel Services Corporation to World Kinect Corporation and celebrated the occasion by ringing the NYSE closing bell.

Webcast and Supplemental Materials

To view the Investor Day webcast and presentation materials, visit our Investor Relations website: ir.worldkinect.com.

About World Kinect Corporation

Headquartered in Miami, Florida, World Kinect Corporation (NYSE: WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. We also supply natural gas and power in the United States and Europe along with a growing suite of other sustainability-related products and services.