Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q1 2021 Earnings Presentation
14 slides from Landstar System's earnings presentation, Apr 21, 2021
Slide 1: Landstar System, Inc. Earnings Conference Call First Quarter 2021
April 21, 2021 Landstar System, Inc. Earnings Conference Call First Quarter 2021 Date Published: 04/21/2021 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements Disclaimer: The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made in this slide presentation that are not based on historical facts are “forward looking statements.” This presentation may make certain stateme
Slide 3: Model Definition
Model Definition Landstar is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third party capacity providers and employees. Date Published: 04/21/2021
Slide 4: The Network
The Network Landstar Employees Approx. 1,300 Agents Approx. 1,200 Customers 25,000+ Capacity 79,000+ 2020 Results $4.1 billion in revenue 2.0 million loadings 508 million dollar agents 10,991 BCO trucks (2020 year-end) 69,025 Carriers (2020 year-end) 17,000+ Trailers (2020 year-end) Date Published:
Slide 5: Percentage of Revenue
Percentage of Revenue 1Q20 1Q21 Truck Transportation Truckload Van equipment 59% 64% Unsided/platform equipment 31% 26% Less-than-truckload 2% 2% Rail intermodal 3% 2% Ocean and air cargo 3% 4% Transportation Management Services Date Published: 04/21/2021
Slide 6: Revenue: Rate and Volume Change by Mode
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 04/21/2021 Quarter Quarter Qtr over Prior Year Qtr Rate (1) Volume (2) Change Truck Revenue 0.23599999999999999 0.1
Slide 7: Truckload Loadings and Revenue per Load
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 04/21/2021
Slide 8: Industries Served
As a Percentage of Revenue 1Q20 1Q21 Quarter over Prior Year Quarter Change in Revenue Consumer Durables 23.9 28.7 67% Machinery 13.4 11.0 14% Building Products 9.1 8.5 31% AA&E, Hazmat 9.1 8.8 35% Automotive 7.4 8.6 60% Foodstuffs 4.7 3.9 15% Metals 5.9 4.9 16% Substitute Line Haul 3.2 6.8 189% Oth
Slide 9: Gross Profit and Gross Profit Margin
Gross profit equals revenue less the cost of purchased transportation and commissions to agents. Gross profit margin equals gross profit divided by revenue. Revenue on transactions with a fixed gross profit margin was 52% and 48% of revenue in the 2020 and 2021 first quarters, respectively. Gross Pr
Slide 10: Operating Income and Operating Margin
Operating margin equals operating income divided by gross profit. Operating Income and Operating Margin (1) ($’s in thousands) Date Published: 04/21/2021 Quarter 37.8% 54.6% 10 Quarter
Slide 11: Truck Capacity Data
Date Published: 04/21/2021 Truck Capacity Data (All information is provided as of the end of the period) KEY INCOME STATEMENT DATA ($ in Millions) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP Mar 28, Dec 26, Mar 27, External Revenue $10,242 #REF! #REF! 2020 (2) 2020 2021 (2) Purchase
Slide 12: Key Balance Sheet and Cash Flow Statistics
(1) Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Date Published: 04/21/2021 Key Balance Sheet and Cash Flow Statistics ($’s in thousands) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP QTR QTR Mar 28, Mar 27, External Revenue $0.21
Slide 13: Free Cash Flow, Stock Purchases and Dividends
Free Cash Flow (1) , Stock Purchases and Dividends Date Published: 04/21/2021 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide.
Slide 14: DESIGNED TO RESPOND
DESIGNED TO RESPOND SUIT TO DELIVER’ Dubtished: 04/21/2021