J.b. Hunt Transport Services, Inc. · NASDAQ:JBHT
J.b. Hunt Transport Services — Q4 2022 Earnings Presentation
19 slides from J.b. Hunt Transport Services's earnings presentation, 2023
Slide 1: J.B. Hunt Transport Services, Inc. Q4 2022 Results
J.B. Hunt Transport Services, Inc. Q4 2022 Results
Slide 2: Disclosure
Disclosure This presentation and discussion may contain forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates,” or similar expressions are intended to identify these forward-looking statem
Slide 3: Distinct & Complementary Businesses
Distinct & Complementary Businesses 7% Intermodal (JBI) 4Q 2022 Revenue Mix 7% • Largest, 100% 53’ high-cube container fleet • Largest drayage fleet in North America • Priority loading and unloading at major rail terminals 14% Dedicated Contract Services (DCS) 48% • Fleet creation, conversion, and a
Slide 4: 4Q 2022 Results vs. 4Q 2021
4Q 2022 Results vs. 4Q 2021 Overview Segment Performance 4Q 2022 Revenue: Intermodal (JBI) $3.65 billion; up 4% Revenue: $1.75 billion; up 11% Operating Income: $179.5 million; down 8% 4Q 2022 Revenue, excl FSC: $3.02 billion; down 3% Dedicated Contract Services (DCS) Revenue: $880 million; up 24% 4
Slide 5: 4Q Results Consolidated
4Q Results Consolidated Operating Income (in millions) Revenue (in millions) $14,814 $1,400 $1,332 $1,200 $14,000 $1,046 $1,000 $12,168 $800 $716 $721 $734 $713 $681 $12,000 $577 $632 $624 $600 $400 $323 $282 $10,000 $9,637 $200 $9,165 $- $8,615 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 4Q 2
Slide 6: Segment Discussion
6 Segment Discussion
Slide 7: Intermodal (JBI)
Intermodal (JBI) Intermodal volume decreased 1% over the same period in 2021. JBI Revenue (in millions) Eastern network loads increased 8%, while transcontinental loads decreased 7% compared to the fourth quarter 2021. $7,022 Demand for intermodal capacity was seasonally weak in the $7,000 fourth qu
Slide 8: Intermodal (JBI) Performance
Intermodal (JBI) Performance JBI Revenue Change JBI Operating Income Change 90% 35% 29% 70% 25% 50% 41% 15% 17% 33% 15% 11% 30% 12% 5% 1% 10% -5% -1% -10% -2% -4% -8% FY18/FY17 FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 4Q Y/Y FY18/FY17 FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 4Q Y/Y JBI Average Length
Slide 9: Dedicated Contract Services (DCS)
Dedicated Contract Services® (DCS) DCS Revenue (in millions) Demand for our highly engineered private-fleet outsourcing solution remained strong during the quarter. DCS revenue $3,500 $3,379 increased 24% year over year, primarily from a 14% increase in average revenue producing trucks and a 9% incr
Slide 10: Dedicated Contract Services (DCS)
Dedicated Contract Services® (DCS) DCS Revenue Change DCS Operating Income Change 40% 50% 42% 31% 40% 30% 24% 30% 19% 20% 17% 20% 13% 13% 10% 4% 10% 3% 0% 0% -3% -10% FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 4Q Y/Y FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 4Q Y/Y DCS Revenue Per Truck Per Week DCS Load
Slide 11: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS revenue decreased 33% in the current quarter over the ICS Revenue (in millions) same period 2021. Overall segment volume decreased 27%, while truckload volume decreased 21% compared to the prior $2,538 year period. Revenue per load decreased 9% compared to $2,
Slide 12: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS Revenue Change ICS Operating Income/(Loss) in millions 60% 53% $59.2 $60.0 $46.3 40% $40.0 30% 23% $21.2 $20.0 20% 1% $0.0 0% ($2.9) ($20.0) ($11.1) -6% -20% ($40.0) ($44.7) -40% -33% ($60.0) FY18/FY17 FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 4Q Y/Y 2019 2020 2
Slide 13: Truckload (JBT)
Truckload (JBT) JBT Revenue (in millions) JBT revenue increased 6% compared to the same period in the previous year. Revenue excluding fuel surcharge revenue decreased 2% due to an 8% decline in revenue per load $1,200 excluding fuel surcharge revenue partially offset by a 6% increase in load volume
Slide 14: Truckload (JBT)
Truckload (JBT) JBT Average Trailers JBT Average Length of Haul 16,000 600 550 14,395 520 501 12,798 500 482 420 12,000 10,524 415 9,299 400 7,866 8,000 6,824 300 200 4,000 100 - - 2019 2020 2021 2022 4Q 21 4Q 22 2019 2020 2021 2022 4Q 21 4Q 22 JBT Loads JBT Revenue per Load 600,000 $3,000 500,407 5
Slide 15: Final Mile Services (FMS)
Final Mile Services® (FMS) FMS Revenue (in millions) FMS revenue increased 15% compared to the same period 2021, primarily driven by the previously announced $1,000 $980 acquisition of Zenith Freight Lines, LLC (Zenith) and multiple new customer contracts implemented over the past trailing twelve mo
Slide 16: Final Mile Services (FMS)
Final Mile Services® (FMS) FMS Revenue Change FMS Operating Income/(Loss) (in millions) $34.9 60% $35.0 51% $27.9 50% $25.0 40% $15.0 $12.6 30% $7.4 22% 22% 16% $5.0 20% 15% 10% ($5.0) ($0.9) 0% ($15.0) ($8.8) FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 4Q Y/Y 2019 2020 2021 2022 4Q 21 4Q 22 FMS Stops F
Slide 17: Summary
Summary Competitively Differentiated Unique intermodal network Distinct advantages in dedicated segments Network economics and brand strength to penetrate new markets Complemented by Industry Dynamics Shippers need to reduce costs Shippers demand on-time service Increasingly complex supply chains Po
Slide 18: Balance Sheet
oe Balance Sheet December 31, 2022 December 31, 2021 TSSETS Current assets: Cash and cash equivalents $ 51,927 $ 365,549 Accounts Receivable, net 1,528,075 1,506,619 Prepaid expenses and other 587,534 451,201 Total current assets 2,167,536 2,313,369 Property and equipment 7,999,480 6,680,316 Less ac
Slide 19: Thank You
Thank You [ SazAUMS | People. Technology. Capacity... »
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