Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — Q1 2023 Earnings Presentation

21 slides from Kuehne & Nagel International's earnings presentation, Apr 25, 2023

  1. Slide 1: Analyst conference First quarter 2023 results

    Analyst conference First quarter 2023 results Stefan Paul, CEO Markus Blanka-Graff, CFO Kuehne + Nagel International AG April 25, 2023

  2. Slide 2: First quarter results: Highlights

    First quarter results: Highlights Efficiency increase alongside volume reduction Growth Profit Cash  Net turnover of CHF 6.7 billion vs.  EBIT of CHF 612 million vs. CHF  Free Cash Flow of CHF 415 million CHF 10.2 billion in 2022 1,120 million in 2022 vs. CHF 1,037 million in 2022 34% decrease 45

  3. Slide 3: Sea Logistics: Yield management boosts Q1 2023

    Sea Logistics Yield management boosts Q1 2023 TEU ‘000 GP/TEU in CHF EBIT/TEU in CHF  Focus on continued long-term shift toward higher-yielding volumes  Increased market share with 929 593 869 527 764 695 443 market leadership in Transpacific 615 349 1,048 1,114 1,135 1,089 285 for the first time

  4. Slide 4: Air Logistics: Yield normalisation trend continues

    Air Logistics Yield normalisation trend continues Tons ‘000 GP/100 kg in CHF EBIT/100 kg in CHF  North America and Asia export volumes declining 100  Europe, Intra-Asia and South 142 140 74 70 America with relatively strong export 120 130 118 59 volumes 103 48 570 2014-2019 avg. GP/100 kg: CHF 73

  5. Slide 5: Road Logistics: Record result driven by high network utilisation

    Road Logistics Record result driven by high network utilisation  Stable volume development and high In CHF million Q1 2023 Q1 2022 Variance network utilisation Net turnover 956 982 (3%)  2% net turnover growth excluding foreign exchange translation impact Gross profit 349 329 6%  Incremental Gros

  6. Slide 6: Contract Logistics: Strong performance with record EBIT

    Contract Logistics Strong performance with record EBIT  Market share expansion due to In CHF million Q1 2023 Q1 2022 Variance favorable industry and customer mix Net turnover 1,263 1,173 8%  Low idle space due to high inventory levels Gross profit 871 822 6%  12% net turnover growth, excluding fo

  7. Slide 7: Roadmap 2026 Update Q1 2023

    Roadmap 2026 Update Q1 2023  CEO world tour since CMD on March 1st Met with hundreds of customers and thousands of employees with very positive resonance  Kuehne+Nagel Experience leadership Dedicated global leader nominated  Executive Management Team change complete Sarah Kreienbühl started as a

  8. Slide 8: Financial KPIs

    Financial KPIs Analyst conference first quarter 2023 results | © Kuehne+Nagel Group | 8

  9. Slide 9: Income Statement: Quarter over quarter comparison

    Income Statement Quarter over quarter comparison 2022 2023 Variance YTD Variance in %  Significant translation impact due CHF million Q1 Q1 2023/2022 2023/2022 Growth Acquisition/ disposal Forex 1 to EUR decline (4.0%) and USD Net turnover 10,158 6,748 (3,410) (33.6%) (30.6%) (0.4%) (2.6%) +0.5% vs

  10. Slide 10: Working Capital: Focus on DSO – DPO spread

    Working Capital Focus on DSO – DPO spread March 31, December 31, March 31, Better/(worse) CHF million 2022 2022 2023 Dec 2022 vs. Mar 2023 Trade receivables/contract assets 7,257 6,027 5,032 995 Trade payables/accrued trade expenses/contract liabilities* (5,469) (4,987) (4,136) (851) Net working cap

  11. Slide 11: Cash and Free Cash Flow: Strong cash conversion

    Cash and Free Cash Flow Strong cash conversion YTD YTD In CHF million CHF million Variance 2022 2023 Cash and cash equivalents January 1, net 2,300 3,770 1,470 FCF 2021 3,751 FCF 2022 Cash flow from operating activities 1,190 575 (615) FCF 2023 Cash flow from investing activities (26) (25) 1 Repayme

  12. Slide 12: Key takeaways

    Key takeaways: 1. Solid Q1 2023 results 2. Volume decline as expected 3. Active yield management continues 4. Cost control measures in place 5. Roadmap 2026 initiatives underway Analyst conference first quarter 2023 results | © Kuehne+Nagel Group | 12

  13. Slide 13: Inspire. Empower. Deliver.

    Inspire. Empower. Deliver. © 2023 Kuehne+Nagel. All rights reserved.

  14. Slide 14: Upcoming events

    Upcoming events 09.05.2023 Annual General Meeting 05.07. - 25.07.2023 Closed period 25.07.2023 Half-year 2023 results 05.10. - 25.10.2023 Closed period 25.10.2023 Nine-months 2023 results 02.01. - 01.03.2024 Closed period 01.03.2024 Full-year 2023 results Analyst conference first quarter 2023 result

  15. Slide 15: Balance Sheet: Building on the strong foundation

    Balance Sheet Building on the strong foundation December 31, March 31, December 31, March 31, CHF million 2022 2023 2022 2023 Assets Equity and Liabilities Equity attributable to the equity holders of 4,140 4,370 Property, plant and equipment 739 749 the parent company Right-of-use assets 1,418 1,49

  16. Slide 16: ROCE

    ROCE 260% 259% 256% 251% 194% 161% 125% 104% 93% Calculation: last four quarters EBIT (rolling EBIT) divided by the average of the last four quarters capital employed (rolling capital employed); capital employed: assets and liabilities excluding investments in joint ventures and associates, deferred

  17. Slide 17: Quarter-over-quarter 2023/2022 Sea and Air Logistics

    Quarter-over-quarter 2023/2022 Sea and Air Logistics Change Change 2023 2022 CHF million in % in mCHF Q1 Q1 Q1 Q1 Sea Logistics Income Statement Turnover 3,025 5,363 (43.6) (2,338) Net Turnover 2,667 4,857 (45.1) (2,190) Gross Profit 686 974 (29.6) (288) Opex (336) (343) +2.0 7 EBITDA 350 631 (44.5)

  18. Slide 18: Quarter-over-quarter 2023/2022 Road and Contract Logistics

    Quarter-over-quarter 2023/2022 Road and Contract Logistics Change Change 2023 2022 CHF million in % in mCHF Q1 Q1 Q1 Q1 Road Logistics Income Statement Turnover 1,101 1,124 (2.0) (23) Net Turnover 956 982 (2.6) (26) Gross Profit 349 329 +6.1 20 Opex (283) (284) +0.4 1 EBITDA 66 45 +46.7 21 Depreciat

  19. Slide 19: Quarter-over-quarter 2023/2022 Kuehne+Nagel Group

    Quarter-over-quarter 2023/2022 Kuehne+Nagel Group Change Change 2023 2022 CHF million in % in mCHF Q1 Q1 Q1 Q1 Kuehne+Nagel Group Income Statement Turnover 7,527 11,090 (32.1) (3,563) Customs duties and taxes (779) (932) +16.4 153 Net Turnover 6,748 10,158 (33.6) (3,410) Net expenses for services fr

  20. Slide 20: Disclaimer: Forward-looking statements

    Disclaimer Forward-looking statements Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of Kuehne + Nagel International AG. This document contains

  21. Slide 21: Contacts

    Contacts Markus Blanka-Graff CFO markus.blanka@kuehne-nagel.com Tel: +41 (0)44 7869 644 Christopher Combé Head of Investor Relations christopher.combe@kuehne-nagel.com Tel: +41 (0)44 7869 693 Andrea Kobi Investor Relations andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 561 Analyst conference first

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