Hamburger Hafen Und Logistik Ag · XETR:HHFA
Hamburger Hafen Und Logistik — Q1 2014 Earnings Presentation
16 slides from Hamburger Hafen Und Logistik's earnings presentation, May 14, 2014
Slide 1: Interim Results January – March 2014
HAMBURGER HAFEN UND LOGISTIK AG INTERIM RESULTS JANUARY – MARCH 2014 Analyst Conference Call, 14 May 2014 Interim Results Berenberg Commerzbank& Goldman Sector January Conference Sachs – March German 2014 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 Outlook Klaus-Dieter Peters CEO Interim Results January – March 2014 © Hamburger Hafen und Logistik AG 3
Slide 4: Trends and Challenges 2014
Business Development Trends and Challenges 2014 Economic momentum still restrained, competition remains tough GDP Development Q1 2014 Economic Environment China + 7.4 % Global economic growth still stabilising at a low level Eurozone + 0.4 % Modest development in HHLA’s key markets continues CEE
Slide 5: Good Performance in a Challenging Environment
Business Development Good Performance in a Challenging Environment Volume gains in a stagnating market environment Container Throughput HHLA terminals increase throughput by 2.4 % to 1.9 million TEU Rise in growth in Far East volumes of existing liner services (+ 8.1 %), Europe and America volum
Slide 6: Exceptional Storage Utilisation in Q1 2014
Appendix Exceptional Storage Utilisation in Q1 2014 Sharp increase in dwell times led to peak storage utilisation Unusual long vessel delays in Q1 2014 led to a sharp rise in dwell times of export containers and Utilisation Capacity to peak storage utilisation 100 % Terminal productivity adverse
Slide 7: Intermodal Strategy Successfully Continued
Business Development Intermodal Strategy Successfully Continued Growth in a competitive environment Successful integration of other European ports Enhancing the quality and Connections per week as of 30 April 2014 productivity of existing Bremen ports-Prague/Ceska Trebova 25 Rotterdam-Prague 14 conn
Slide 8: Key Figures
Financial Performance Key Figures January to March 2014 HHLA Group Subgroup Port Logistics in € million 1-3 | 2014 Change 1-3 | 2014 Change Revenue 293.5 6.8 % 286.4 6.8 % EBIT 39.3 4.8 % 35.5 5.1 % EBIT margin in % 13.4 - 0.3 pp 12.4 - 0.2 pp Profit after tax and minorities 10.5 - 27.2 % 8.4 - 34.0
Slide 9: Operating Expenses
Financial Performance Operating Expenses Cost trend largely in line with volume development of continued operations Total Operating Expenses: + 5.3% Throughput/Transport Growth: + 2.4 % / + 5.1 % in € million 260.8 Cost of materials 247.8 Mainly variable expenses Increase in line with volume tre
Slide 10: Earnings Bridge
Financial Performance Earnings Bridge Net profit adversely affected by F/X-effects EPS of 0.12 € € 35.5 m - € 10.4 m F/X-effects - € 4.8 m - € 7.9 m Financial result € 4.2 m lower due to FX effects - € 8.8 m Effective tax rate up 5.2 pp to 31.4 % due to changes in consolidation and one- off gain in
Slide 11: Financial Position
Financial Performance Financial Position Solid Financial Fundament Free Cash Flow Equity as of 31.03.2014 in € million in € million / Equity ratio in % Reported free cash flow distorted by Equity ratio down to 35.4 % mainly transfer of liquid funds into short-term due to FX-effects deposits Li
Slide 12: Container Segment
Financial Performance Container Segment January to March 2014 Container throughput growth mainly driven in € million Q1 2014 Q1 2013 Change by Far East container traffic Container Feeder ratio slightly down by 0.8 pp to 26.9 % 1,862 1,818 + 2.4 % throughput1 For the time being no significant e
Slide 13: Intermodal Segment
Financial Performance Intermodal Segment January to March 2014 Transport volume increased by 5.1 % due to in € million Q1 2014 Q1 2013 Change higher frequency of services with CEE as well as growth in the German-speaking areas Container 305 290 + 5.1 % Revenue growth above volume trend because t
Slide 14: Logistics Segment
Financial Performance Logistics Segment January to March 2014 Changed consolidation of at equity companies in € million Q1 2014 Q1 2013 Change lead to adjustments of previous years’ figures Revenue 15.0 16.1 - 7.1 % Business activities developed diversely in the different areas EBITDA - 0.5 3.0 ne
Slide 15: Business Forecast for 2014
Outlook Business Forecast for 2014 Market Environment Performance of the Port Logistics subgroup Global economy (GDP) 3.6 % Volumes Global trade 4.3 % Container throughput: slight increase on previous year Container throughput, global 4.4 % (2013: 7.5 million TEU) Container transport: mode
Slide 16: Financial Calendar IR Contact
Financial Calendar IR Contact 14 May 2014 Phone: +49 40 3088 3100 Interim Report January-March 2014 Fax: +49 40 3088 55 3100 19 June 2014 Annual General Meeting E-mail: investor-relations@hhla.de 14 Aug 2014 Web: www.hhla.de Interim Report January-June 2014 13 Nov 2014 Interim Report January-Septemb
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