WACC over the last 12 months

Transportation & Logistics Jul 2024 Aug 2024 Sep 2024 Oct 2024 Nov 2024 Dec 2024 Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025 Jun 2025 WACC bandwidth WACC average 7,4% 7,2% 7,3% 7,2% 6,9% 7,0% 7,1% 7,3% 7,0% 7,4% 7,6% 7,8%

WACC summary

Transportation & Logistics, June 2025 Beta 1,2 Market risk premium incl. Small Cap Premium 6,5% – 8,0% Cost of equity 8,4% – 10,1% Cost of debt 1,5% Risk free rate 0,60% Credit Spread 1,1% Tax Shield 0,2% Risk free rate 0,60% Cost of equity Cost of debt 7,0% – 8,5% WACC 80,8% Equity ratio 19,2% Debt ratio
Dr. Marc Schmidli, CFA

Questions?

Dr. Marc Schmidli, CFA

PwC | Partner | Deals and Valuation Leader
Office: +41 58 792 1564 | Mobile: +41 79 211 7786
PricewaterhouseCoopers AG
Birchstrasse 160 | Postfach | CH-8050 Zürich
http://www.pwc.ch

Thomas Schneller, CFA

Questions?

Thomas Schneller, CFA

PwC | Director | Deals | Valuation & Modelling
Office: +41 58 792 1519 | Mobile: +41 79 608 4445 | Main: +41 58 792 4400
PricewaterhouseCoopers AG
Birchstrasse 160 | 8050 Zürich | Switzerland
http://www.pwc.ch