Hamburger Hafen Und Logistik Ag · XETR:HHFA
Hamburger Hafen Und Logistik — Q1 2015 Earnings Presentation
19 slides from Hamburger Hafen Und Logistik's earnings presentation, May 13, 2015
Slide 1: Interim Results January – March 2015
HAMBURGER HAFEN UND LOGISTIK AG INTERIM RESULTS JANUARY – MARCH 2015 Analyst Conference Call, 13 May 2015 Interim Results Berenberg Commerzbank& Goldman Sector January Conference Sachs – March German 2015 WeekCorporate –©August Hamburger © Hamburger Conference 2013 Hafen © Hamburger und Hamburger Ha
Slide 2: Disclaimer
Disclaimer The facts and information contained herein are as up to date as is reasonably possible and are subject to revision in the future. Neither the Company nor any of its parent or subsidiary undertakings nor any of such person’s directors, officers, employees or advisors nor any other person m
Slide 3: Agenda
Agenda Business Development Klaus-Dieter Peters CEO Financial Performance Dr. Roland Lappin CFO Forecast 2015 Klaus-Dieter Peters CEO Interim Results January – March 2015 © Hamburger Hafen und Logistik AG 3
Slide 4: Market Environment Remains Challenging
Business Development Market Environment Remains Challenging Economic development without distinct upturn Global economic growth and world trade on a par with a stable plus of 3.4 % in 2014 Business climate indicators assume a minor slowdown of momentum in the 1st quarter 2015 Declining trend o
Slide 5: EBIT Significantly Improved
Business Development EBIT Significantly Improved Successful start in the financial year 2015 Key Figures 1Q2015 of the Port Logistics Subgroup Revenues € 289.6 million + 1.1 % Slight increase in revenue EBIT € 38.8 million + 9.4 % EBIT substantially up EBIT margin 13.4 % + 1.0 pp Clear double-
Slide 6: Throughput Development
Business Development Throughput Development Changes in cargo mix, strong hinterland, loss of feeder volumes - 19.3 % + 9.3 % + 10.2 % - 0.9 % + 3.3 % Interim Results January – March 2015 © Hamburger Hafen und Logistik AG 6
Slide 7: Intermodal Strategy Successfully Continued
Business Development Intermodal Strategy Successfully Continued High degree of own traction in the hinterland network raises the level of value added Interim Results January – March 2015 © Hamburger Hafen und Logistik AG 7
Slide 8: Container Segment
Financial Performance Container Segment January to March 2015 1Q14 1Q15 Revenues - 3.3 % Decreased revenue mainly due to 186,1 180,0 lower storage fees + 3.1 % 99,9 103,1 Change in cargo mix leads to higher container handling revenues Average revenue per TEU up due to €m €/TEU €/TEU €m lower f
Slide 9: Intermodal Segment
Financial Performance Intermodal Segment January to March 2015 1Q14 1Q15 Revenues + 10.6 % Revenue increase above volume growth due 82,9 91,7 to price increases and further rise in average distances and a higher proportion of rail haulage within the total transport volume €m €m 1Q14 1Q15 OpEx (inc
Slide 10: Logistics Segment
Financial Performance Logistics Segment January to March 2015 1Q14 1Q15 Revenues + 0.5 % Modest start in 2015 15,0 15,1 Revenue gains in project and contract logistics Subdued development in vehicle logistics and consulting activities €m €m 1Q14 1Q15 EBIT EBIT of all consolidated companies s
Slide 11: Earnings Bridge
Financial Performance Earnings Bridge Net profit and EPS increased – Financial result burdened by negative F/X-effect in € million, Figures of listed Port Logistics subgroup 1.1 5.9 38.8 EPS 7.7 0.15 € 8.3 7.5 Negative 10.5 F/X-effect from Effective At-Equity Net interest sharp devaluation tax rate
Slide 12: Forecast 2015
Forecast 2015 Forecast 2015 Expected market environment and development on Port Logistics level unchanged Market Environment Performance of Port Logistics Global economy (GDP) 3.5 % Volumes Container throughput: slight increase Global trade 3.7 % on previous year (2014: 7.5 million TEU) Cont
Slide 13: Forecast 2015: Expected development in main segments
Forecast 2015 Forecast 2015 Expected development in main segments unchanged Container segment Intermodal segment Intense competition in the North Range Moderate Increase in throughput at the will prevail European ports with positive effect for environment Average ship size will continue to gro
Slide 14: Financial Calendar and IR Contact
Financial Calendar IR Contact 13 May 2015 Phone: +49 40 3088 3100 Interim Report January-March 2015 Fax: +49 40 3088 55 3100 11 June 2015 Annual General Meeting (AGM) E-mail: investor-relations@hhla.de 13 August 2015 Web: www.hhla.de Interim Report January-June 2015 12 November 2015 Interim Report J
Slide 15: Appendix
Appendix Interim Results January – March 2015 © Hamburger Hafen und Logistik AG 15
Slide 16: Key Figures
Appendix Key Figures Annual Financial Statement Q12015 Port Logistics Subgroup HHLA Group Listed Class A share in € million 1Q2015 Q12014 Change 1Q2015 1Q2014 Change Revenues 289.6 286.4 + 1.1 % 296.9 293.5 + 1.2 % EBIT 38.8 35.5 + 9.4 % 43.0 39.3 + 9.3 % Profit 10.5 8.4 + 23.9 % 12.6 10.5 + 19.8 %
Slide 17: Container Segment
Financial Performance Container Segment January to March 2015 in € million Q1 2015 Q1 2014 Change Container throughput1 1,747 1,862 - 6.2 % Revenues 180.0 186.1 - 3.3 % EBITDA 54.1 59.2 - 8.6 % EBITDA margin 30.1 % 31.8 % - 1.7 pp EBIT 32.6 37.3 - 12.6 % EBIT margin 18.1 % 20.0 % - 1.9 pp 1 In thous
Slide 18: Intermodal Segment
Financial Performance Intermodal Segment January to March 2015 in € million Q1 2015 Q1 2014 Change Container transport1 333 305 + 9.3 % Revenues 91.7 82.9 + 10.6 % EBITDA 18.2 11.0 + 65.9 % EBITDA margin 19.9 % 13.3 % + 6.6 pp EBIT 12.7 5.8 + 117.2 % EBIT margin 13.8 % 7.0 % + 6.8 pp 1 In thousand T
Slide 19: Logistics Segment
Financial Performance Logistics Segment January to March 2015 in € million Q1 2015 Q1 2014 Change Revenues 15.1 15.0 + 0.5 % EBITDA - 0.9 - 0.5 neg. EBITDA margin - 6.3 % - 3.4 % neg. EBIT - 1.3 - 0.8 neg. EBIT margin - 8.5 % - 5.3 % neg. Earnings from associates 1.0 0.8 + 12.1 % (using the equity m
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