Slide 1: Interim Results 2024
Slide 2: Disclaimer
DISCLAIMER This presentation was prepared by Kerry Logistics Network Limited (the “Company”) for reference and general information purposes only. This presentation is not intended to and does not constitute investment advice, recommendation, invitation or offer to enter into, any agreement to purcha
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS (in HK$’M) Revenue Segment Profit IL IFF 25,432 693 740 10%* 3%* 18%* © Kerry Logistics Network Limited. All rights reserved. Core Operating Profit Core Net Profit 1,200 606 11%* 5%* Gearing Profit Attributable To 54.7% 19.1% GROSS NET The Shareholders 831 Interim Dividend 126%
Slide 4: Revenue
REVENUE International Freight Forwarding Integrated Logistics By Region YoY Comparison 45,861 (in HK#039;M) (in HK#039;M) 1H23 1H24 YoY © Kerry Logistics Network Limited. All rights reserved. Oceania 2% Hong Kong Hong Kong 3,318 3,440 +4% 32,301 13% EMEA Mainland of China 8,089 8,457 +5% 13% (1) 25,432 As
Slide 5: Segment Profit: Integrated Logistics
SEGMENT PROFIT INTEGRATED LOGISTICS By Region Oceania 2% YoY Comparison Asia(1) 30% (in HK#039;M) 1H23 1H24 YoY IL © Kerry Logistics Network Limited. All rights reserved. Mainland of Hong Kong 37% Hong Kong 288 256 -11% China 31% Mainland of China 229 217 -5% (1) Asia 192 209 +9% • Sluggish economic re
Slide 6: Segment Profit: International Freight Forwarding
SEGMENT PROFIT INT’L FREIGHT FORWARDING By Region Oceania Hong Kong 3% 5% YoY Comparison EMEA Mainland of (in HK#039;M) 1H23 1H24 YoY 7% IFF China © Kerry Logistics Network Limited. All rights reserved. 39% Hong Kong 9 33 263% Americas 28% Asia(1) Mainland of China 229 286 25% 19% (1) Asia 135 139 3% •
Slide 7: Profit Attributable to the Shareholders
PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS (in HK$’M) 1H23 1H24 YoY From Continuing Operations • Core net profit 575 606 +5% © Kerry Logistics Network Limited. All rights reserved. • Change in fair value of IP & buildings after MI - (4) - • Deferred tax charge - 1 - From Discontinued Operations • Core
Slide 8: Cash, Debt & Equity
C A S H , D E B T & E Q U I T Y (in HK$’M) As at 30 Jun 2024 17,586 16,310 As at 31 Dec 2023 © Kerry Logistics Network Limited. All rights reserved. 8,561 8,926 6,521 5,819 Cash(2) Debt(3) Shareholders’ Equity^ Debt Ratios(4) 31 Dec 2023 30 Jun 2024 EBITDA / Bank interest* 7.95x 7.94x Debt / EBITDA*
Slide 9: Outlook
OUTLOOK Optimistic about improvements in performance for FY2024 • Despite the turbulence in the global freight market and the uncertainties of economic revival © Kerry Logistics Network Limited. All rights reserved. Strive to exploit growth opportunities across all business sectors • Through maximum
Slide 10: Thank You
9 THANK YOU © Kerry Logistics Network Limited. All rights reserved.
Slide 11: Appendix I: Condensed Consolidated Interim Income Statement
Appendix I : Condensed Consolidated Interim Income Statement For the six months ended 30 Jun Unaudited Unaudited 2024 2023 HK$’000 HK$’000 Continuing operations Revenue 25,432,488 23,197,039 Direct operating expenses (22,914,125) (20,763,607) © Kerry Logistics Network Limited. All rights reserved. G
Slide 12: Appendix II: Condensed Consolidated Interim Statement of Financial Position
Appendix II : Condensed Consolidated Interim Statement of Financial Position Unaudited Audited As at 30 Jun 2024 As at 31 Dec 2023 HK$’000 HK$’000 ASSETS AND LIABILITIES Non-current assets Intangible assets 5,751,567 5,785,503 Investment properties 2,482,051 2,538,606 © Kerry Logistics Network Limit
Slide 13: Appendix II: Statement of Financial Position (Cont'd)
Appendix II : Condensed Consolidated Interim Statement of Financial Position (Cont’d) Unaudited Audited As at 30 Jun 2024 As at 31 Dec 2023 HK$’000 HK$’000 Current liabilities Lease liabilities 743,122 927,103 Accounts payable, deposits received and accrued charges 9,316,456 8,409,541 Amounts due to
Slide 14: Appendix III: ESG Performance Recognised
Appendix III : ESG PERFORMANCE RECOGNISED Accreditations Awards Best Company Board A Best ESG © Kerry Logistics Network Limited. All rights reserved. 2023 All-Asia (Ex-Japan) Executive Team (Overall Small &Midcap) - 2nd Place (Transportation Sector) Institutional Investor Climate Change Score B ESG