J.b. Hunt Transport Services, Inc. · NASDAQ:JBHT
J.b. Hunt Transport Services — Q2 2024 Earnings Presentation
19 slides from J.b. Hunt Transport Services's earnings presentation, 2024
Slide 1: J.B. Hunt Transport Services, Inc. Q2 2024 Results
J.B. Hunt Transport Services, Inc. Q2 2024 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 stateme
Slide 3: Distinct & Complementary Businesses
Distinct & Complementary Businesses 6% Intermodal (JBI) 2Q 2024 Revenue Mix 8% • Largest, 100% 53’ high-cube container fleet • Largest drayage fleet in North America • Priority loading and unloading at major rail terminals 9% Dedicated Contract Services® (DCS®) 48% • Fleet creation, conversion, and
Slide 4: 2Q 2024 Results vs. 2Q 2023
2Q 2024 Results vs. 2Q 2023 Overview Segment Performance 2Q 2024 Revenue: Intermodal (JBI) $2.93 billion; down 7% Revenue: $1.41 billion; down 5% Operating Income: $99.2 million; down 31% 2Q 2024 Revenue, excl FSC: $2.55 billion; down 6% Dedicated Contract Services (DCS) Revenue: $851 million; down
Slide 5: 2Q Results Consolidated
2Q Results Consolidated Operating Income (in millions) Revenue (in millions) $14,814 $1,400 $1,332 $1,200 $14,000 $1,046 $993 $1,000 $12,830 $12,168 $800 $716 $721 $681 $734 $713 $12,000 $632 $624 $600 $400 $271 $206 $10,000 $9,637 $200 $9,165 $- $8,615 2014 2015 2016 2017 2018 2019 2020 2021 2022 2
Slide 6: Segment Discussion
Segment Discussion
Slide 7: Intermodal (JBI)
Intermodal (JBI) Intermodal volume decreased 1% over the same period in 2023. JBI Revenue (in millions) Transcontinental network loads increased 4%, while eastern network loads decreased 7% compared to the second quarter $7,022 2023. While experiencing some seasonal build in demand $7,000 through th
Slide 8: Intermodal (JBI) Performance
Intermodal (JBI) Performance JBI Revenue Change JBI Operating Income Change 40% 50% 41% 29% 33% 30% 30% 20% 17% 12% 10% 10% 1% -10% 0% -4% -1% -10% -5% -30% -29% -31% -12% -20% -50% FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 2Q Y/Y FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 2Q Y/Y JBI
Slide 9: Dedicated Contract Services (DCS)
Dedicated Contract Services (DCS) DCS Revenue (in millions) DCS revenue decreased 4% during the current quarter over the same period 2023 driven by a 1% decline in average $3,524 $3,543 trucks combined with a 3% decline in productivity (revenue $3,500 per truck per week). Productivity excluding fuel
Slide 10: Dedicated Contract Services (DCS)
Dedicated Contract Services (DCS) DCS Revenue Change DCS Operating Income Change 40% 50% 42% 30% 40% 30% 23% 30% 19% 20% 20% 15% 13% 12% 10% 10% 3% 0% 1% 0% 0% -10% -4% -10% -20% -15% FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 2Q Y/Y FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 2Q Y/Y DC
Slide 11: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS revenue declined 21% during the current quarter versus ICS Revenue (in millions) the second quarter 2023. Overall segment volume decreased 25% versus the prior-year period. Revenue per load increased $2,471 5% compared to the second quarter 2023 due to increas
Slide 12: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) ICS Revenue Change ICS Operating Income/(Loss) (in millions) 60% $57.6 49% $60.0 40% $39.9 $40.0 23% 20% $20.0 1% 0% $0.0 -6% -$4.4 -20% ($20.0) -$11.1 -$13.3 -21% -40% ($40.0) -40% -$44.7 -$44.1 -60% ($60.0) FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 2Q Y/
Slide 13: Final Mile Services (FMS)
Final Mile Services (FMS) FMS Revenue (in millions) FMS revenue increased 5% compared to the same period 2023. The increase was primarily driven by multiple new contracts implemented over the past year. This was partially $1,042 offset by ongoing efforts to improve revenue quality and $1,000 profita
Slide 14: Final Mile Services (FMS)
Final Mile Services (FMS) FMS Revenue Change FMS Operating Income/(Loss) (in millions) $46.7 60% 51% $45.0 50% $34.3 $36.6 40% $35.0 32% 30% 22% $25.0 $19.8 20% 15% $14.8 $15.0 10% 5% $5.0 0% -10% -$5.0 -$0.9 -20% -12% -$15.0 -$8.8 FY19/FY18 FY20/FY19 FY21/FY20 FY22/FY21 FY23/FY22 2Q Y/Y 2019 2020 2
Slide 15: Truckload (JBT)
Truckload (JBT) JBT Revenue (in millions) JBT revenue decreased 12% compared to the same period in the previous year. Revenue excluding fuel surcharge revenue decreased 13% due to a 9% decline in load volume and a 4% $1,200 decline in revenue per load excluding fuel surcharge revenue. Total average
Slide 16: Truckload (JBT)
Truckload (JBT) JBT Average Effective Trailing Equipment JBT Average Length of Haul 16,000 700 659 652 646 13,000 13,108 600 570 12,600 548 12,000 10,611 500 420 415 7,844 400 8,000 7,321 6,497 300 200 4,000 100 - - 2019 2020 2021 2022 2023 2Q 23 2Q 24 2019 2020 2021 2022 2023 2Q 23 2Q 24 JBT Loads
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 J.B. HUNT TRANSPORT SERVICES, INC. Condensed Consolidated Balance Sheets (in thousands) (unaudited) June 30,2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 53,505 $ 53,344 Accounts Receivable, net 4,251,665 1,334,912 Prepaid expenses and other 608,540 696,6
Slide 19: Thank You
oe Thank You [=zznuM. |} People. Technology. Capacity... ”»
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