Kuehne & Nagel International Ag · SIX:KNIN
Kuehne & Nagel International — Kuehne + Nagel International — 9M 2016 Earnings Presentation
27 slides from Kuehne & Nagel International's earnings presentation, Oct 18, 2016
Slide 1: Analyst Conference Call – Nine-months 2016 results
Kuehne + Nagel International AG Analyst Conference Call – Nine-months 2016 results October 18, 2016 (CET 14.00) Schindellegi, Switzerland
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of Kuehne + Nagel International AG, may cause actual development and results to differ materially from the
Slide 3: Overview nine-months 2016 results
Overview nine-months 2016 results Financial review Appendices Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 3
Slide 4: Overview nine-months 2016 results – Kuehne + Nagel Group
Overview nine-months 2016 results – Kuehne + Nagel Group Net turnover Gross profit EBIT in CHF million in CHF million in CHF million (0.9%) + 7.1% + 6.1% 12'426 4'936 678 679 4'900 12'317 12'247 4'609 640 (1.4%) + 6.3% + 5.9% 2015 2016 2016 cc 2015 2016 2016 cc 2015 2016 2016 cc cc (in constant curr
Slide 5: Seafreight
Seafreight EBIT: + 1.5% Volume: + 5.4% GP per TEU: (1.1%) Conversion rate: 31.8% Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 5
Slide 6: Seafreight – Performance of business unit
Seafreight – Performance of business unit YTD YTD Variance Income statement in CHF million Sep 2015 Sep 2016 2016/2015 Growth Forex 1 Turnover 6'680 5'975 (10.6%) (9.9%) (0.7%) Gross profit 1'024 1'068 4.3% 5.1% (0.8%) EBITDA 353 354 0.3% 0.6% (0.3%) EBIT 335 340 1.5% 1.8% (0.3%) EBIT in % of GP 32.
Slide 7: Airfreight
Airfreight EBIT: + 8.9% Volume: + 2.2% GP per 100kg: + 4.1% Conversion rate: 30.7% Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 7
Slide 8: Airfreight – Performance of business unit
Airfreight – Performance of business unit Income statement YTD YTD Variance in CHF million Sep 2015 Sep 2016 2016/2015 Growth Forex 1 Turnover 2'979 2'869 (3.7%) (2.9%) (0.8%) Gross profit 674 717 6.4% 7.0% (0.6%) EBITDA 217 231 6.5% 6.5% -% EBIT 202 220 8.9% 9.4% (0.5%) EBIT in % of GP 30.0% 30.7%
Slide 9: Development of volumes
Development of volumes Seafreight Airfreight [TEU] ‘000 [TON] ‘000 Volume increase of 5.4% or 153,000 TEUs yoy Volume increase of 2.2% or 20,000 tons yoy Yield decrease of 1.1% or CHF 4 GP/TEU yoy Yield increase of 4.1% or CHF 3 GP/100kg yoy 1'039 1'023 328 324 317 315 991 994 994 312 312 30
Slide 10: Overland
Overland Net turnover: + 16.9% EBITDA: + 2.1% EBITDA/net TO margin: 2.3% EBIT: + 5.9% Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 10
Slide 11: Overland – Performance of business unit
Overland – Performance of business unit Income statement YTD YTD Variance in CHF million Sep 2015 Sep 2016 2016/2015 Growth Acquisition Forex 1 Net turnover 1'841 2'152 16.9% 3.6% 12.3% 1.0% Gross profit 614 672 9.4% 2.4% 6.0% 1.0% EBITDA 48 49 2.1% (18.7%) 20.8% - EBIT 17 18 5.9% (11.7%) 17.6% - EB
Slide 12: Contract Logistics
Contract Logistics EBITDA: + 15.1% EBITDA/net TO margin: 5.5% EBIT: + 16.3% Idle space: 3.2% Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 12
Slide 13: Contract Logistics – Performance of business unit
Contract Logistics – Performance of business unit Income statement YTD YTD Variance in CHF million Sep 2015 Sep 2016 2015/2016 Growth Forex 1 Net turnover 3'163 3'328 5.2% 6.3% (1.1%) Gross profit 2'297 2'443 6.4% 7.7% (1.3%) EBITDA 159 183 15.1% 13.8% 1.3% EBIT 86 100 16.3% 15.1% 1.2% EBITDA / Net
Slide 14: Financial review
Overview nine-months 2016 results Financial review Appendices Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 14
Slide 15: Income statement
Income statement 2015 2015 2015 YTD Sep 2016 2016 2016 YTD Sep Variance Variance in % CHF million Q1 Q2 Q3 2015 Q1 Q2 Q3 2016 2016/2015 Q1 Q2 Q3 2016/2015 Growth Acquisition Forex 1 Net turnover 4'096 4'129 4'201 12'426 4'010 4'137 4'100 12'247 (179) (86) 8 (101) (1.4%) (2.7%) 1.9% (0.6%) Gross prof
Slide 16: Financial overview Financial targets 2016
Financial overview Financial targets 2016 CHF million YTD Sep YTD Sep 2015 2016 Profitability Group EBIT margin to net turnover > 5% Net turnover 12'426 12'247 Gross profit 4'609 4'900 EBITDA 777 817 CAPEX 2016: CHF < 215 million (2015: CHF 253 million) EBIT 640 678 EBIT margin to net turnover 5
Slide 17: Financial review – Balance sheet
Financial review – Balance sheet CHF million 31 December 30 Sep 31 December 30 Sep 2015 2016 2015 2016 Assets Liabilities and equity Property, plant and equipment 1'142 1'149 Equity attributable to the equity 2'121 1'988 holders of the parent company Goodwill 767 748 Other intangibles 98 82 Non-cont
Slide 18: Financial review nine-months 2016 – Cash flow
Financial review nine-months 2016 – Cash flow CHF million 2015 2016 Variance Operational cash flow 779 814 35 Changes in working capital (43) (48) (5) Income taxes paid (128) (161) (33) Cash flow from operating activities 608 605 (3) Cash flow from investing activities (350) (108) 242 Cash flow from
Slide 19: Financial review – Working capital development
Financial review – Working capital development Better/(worse) September December September CHF million September 16 vs. 2015 2015 2016 December 15 Trade receivables & Work in progress 2'883 2'816 2'808 8 Trade payables & Accrued trade expenses (2'169) (2'222) (2'168) (54) Net working capital 714 594
Slide 20: Return on capital employed
Return on capital employed 72% 70% 70% 69% 70%* 69% 68% 69% 68% 66% 64% 64% 62% 60% 60% 58% 58% 56% 55% 56% 54% 52% 53% 50% 51% 48% 46% 44% 42% 40% Q3/201 3 Q4/201 3 Q1/201 4 Q2/201 4 Q3/201 4 Q4/201 4 Q1/201 5 Q2/201 5 Q3/201 5 Q4/201 5 Q1/201 6 Q2/201 6 Q3/201 6 * Rolling EBIT excluding antitrust
Slide 21: Momentum Leverage Innovation
2016 Continuity in strategy and Momentum organic growth Strict cost management and Leverage process optimisation Added value through applied Innovation innovation Growth Volumes, market share, EBIT Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 21
Slide 22: Appendices
Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 22
Slide 23: Upcoming events
Upcoming events March 1, 2017 Full year 2016 results April 20, 2017 Three-months 2017 results May 9, 2017 Annual General Meeting July 18, 2017 Half-year 2017 results October 16, 2017 Nine-months 2017 results Kuehne + Nagel Group - Nine-months 2016 results October 18, 2016 p. 23
Slide 24: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 1. Seafreight A) Income Statement Turnover 1'972 1'960 2'043 5'975 2'244 2'200 2'236 6'680 (12.1) (10.9) (8.6) (10.6) (272) (240) (193)
Slide 25: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 3. Overland A) Income Statement Turnover 749 814 757 2'320 644 652 717 2'013 +16.3 +24.8 +5.6 +15.3 105 162 40 307 Net Turnover 695 754
Slide 26: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 4'865 5'002 4'971 14'838 4'988 4'998 5'118 15'104 (2.5) +0.1 (2.9) (1.8) (123) 4 (1
Slide 27: Contact Disclaimer
Contact Markus Blanka-Graff Andrea Kobi CFO Investor Relations markus.blanka@kuehne-nagel.com andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 644 Tel: +41 (0)44 7869 561 Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requeste
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