Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — H1 2017 Earnings Presentation

25 slides from Kuehne & Nagel International's earnings presentation, Jul 18, 2017

  1. Slide 1: Analyst Conference – Half-Year 2017 results

    Kuehne + Nagel International AG Analyst Conference – Half-Year 2017 results July 18, 2017 (CET 14.00) | Schindellegi, Switzerland

  2. 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

  3. Slide 3: Agenda

    Agenda Overview Half-Year 2017 results Financial review Appendices © Kuehne + Nagel | Analyst Conference | July 18, 2017 | p. 3

  4. Slide 4: Highlights HY1 2017

    Highlights HY1 2017 Further acceleration of volume growth in Q2 2017 leading to a better financial performance in Q2 2017 over 2016 Net turnover growth of 10.1%1 and earnings for the period increase of 3.7%2 7.7% volume growth and therewith increase of market share (+ 151,000 TEUs) with strong conve

  5. Slide 5: Overview Half-Year 2017 results

    Overview Half-Year 2017 results Net turnover Gross profit EBIT in CHF million in CHF million in CHF million + 10.1% + 6.2% + 1.1% 8'971 8'815 8'147 3'460 1 460 3'377 455 3'257 4521 + 8.2% + 3.7% (0.7%) 2016 2017 2017 cc 2016 2017 2017 cc 2016 2017 2017 cc 1 includes negative one-off impact from amor

  6. Slide 6: Seafreight

    Seafreight Strong volume growth + 8% gaining market share High conversion rate of 29% © Kuehne + Nagel | Analyst Conference | July 18, 2017 | p. 6

  7. Slide 7: Seafreight – Performance of business unit

    Seafreight – Performance of business unit YTD YTD Variance Income statement in CHF million HY1 2016 HY1 2017 2017/2016 Growth Forex 1 Turnover 3'932 4'262 8.4% 9.1% (0.7%) Gross profit 706 687 (2.7%) (1.6%) (1.1%) EBITDA 231 209 (9.5%) (7.8%) (1.7%) EBIT 221 198 (10.4%) (8.6%) (1.8%) EBIT in % of GP

  8. Slide 8: Airfreight

    Airfreight Strong volume growth + 18% gaining significant market share High conversion rate of 31% maintained © Kuehne + Nagel | Analyst Conference | July 18, 2017 | p. 8

  9. Slide 9: Airfreight – Performance of business unit

    Airfreight – Performance of business unit Income statement YTD YTD Variance in CHF million HY1 2016 HY1 2017 2017/2016 Growth Forex 1 Turnover 1'906 2'168 13.7% 14.5% (0.8%) Gross profit 478 494 3.3% 4.6% (1.3%) EBITDA 155 159 2.6% 4.5% (1.9%) EBIT 147 151 2.7% 4.7% (2.0%) EBIT in % of GP 30.8% 30.6

  10. Slide 10: Overland

    Overland Strong net turnover growth of + 5% in cc Operational performance on EBIT level + 71% © Kuehne + Nagel | Analyst Conference | July 18, 2017 | p. 10

  11. Slide 11: Overland – Performance of business unit

    Overland – Performance of business unit Income statement YTD YTD Variance in CHF million HY1 2016 HY1 2017 2017/2016 Growth Forex 1 Net turnover 1'449 1'497 3.3% 4.7% (1.4%) Gross profit 456 472 3.5% 5.3% (1.8%) EBITDA 37 49 32.4% 35.1% (2.7%) EBIT 17 29 70.6% 76.5% (5.9%) EBITDA / Net turnover marg

  12. Slide 12: Contract Logistics

    Contract Logistics Strong business growth of 7% in cc through scaling of industry-specific solutions EBIT growth of 16% (excl. one-off item) © Kuehne + Nagel | Analyst Conference | July 18, 2017 | p. 12

  13. Slide 13: Contract Logistics – Performance of business unit

    Contract Logistics – Performance of business unit Income statement YTD YTD Variance 1 HY1 2016 HY1 2017 2016/2017 Growth Acquisition Forex 2 Net turnover 2'222 2'309 3.9% 7.0% 0.3% (3.4%) Gross profit 1'617 1'724 6.6% 10.0% 0.4% (3.8%) EBITDA 124 137 10.5% 12.1% -% (1.6%) EBIT 70 74 5.7% 15.7% (10.0

  14. Slide 14: Overview Half-Year 2017 results / Financial review / Appendices

    Overview Half-Year 2017 results Financial review Appendices © Kuehne + Nagel | Analyst Conference | July 18, 2017 | p. 14

  15. Slide 15: Income statement

    Income statement 2016 2016 YTD HY1 2017 2017 YTD HY1 Variance Variance in % CHF million 1 Q1 Q2 2016 Q1 Q2 2017 2017/2016 Q1 Q2 2017/2016 Growth Acquisition Forex 2 Net turnover 4'010 4'137 8'147 4'299 4'516 8'815 668 289 379 8.2% 10.0% 0.1% (1.9%) Gross profit 1'593 1'664 3'257 1'648 1'729 3'377 12

  16. Slide 16: Financial overview

    Financial overview CHF million HY1 HY1 ROCE 2016 2017 80% Net turnover 8'147 8'815 76% Gross profit 3'257 3'377 70%* 70% EBITDA 547 554 72% 69% 70% 69% 69% 68% 68% EBIT 455 452 67% 68% EBIT margin to net turnover 5.6% 5.1% 64% 64% Net earnings for the period 355 355 60% 60% 58% EPS (basic) in CHF 2.

  17. Slide 17: Balance sheet

    Balance sheet CHF million 31 December 30 June 31 December 30 June 2016 2017 2016 2017 Assets Liabilities and equity Property, plant and equipment 1'127 1'135 Equity attributable to the equity 2'160 1'831 holders of the parent company Goodwill 758 743 Other intangibles 82 71 Non-controlling interests

  18. Slide 18: Cash flow HY1

    Cash flow HY1 CHF million 2016 2017 Variance Operational cash flow 548 562 14 Changes in working capital (154) (230) (76) Income taxes paid (123) (133) (10) Cash flow from operating activities 271 199 (72) Cash flow from investing activities (53) (23) 30 Cash flow from financing activities (606) (66

  19. Slide 19: Working capital development

    Working capital development Better/(worse) June June CHF million June 2017 vs. 2016 2017 June 2016 Trade receivables & Work in progress 2'799 3'205 (406) Trade payables & Accrued trade expenses (2'153) (2'418) 265 Net working capital 646 787 (141) KPIs: Working capital intensity 3.3% 3.7% (0.4%) DSO

  20. Slide 20: © Kuehne + Nagel | Analyst Conference | July 18, 2017 | p. 20

    © Kuehne + Nagel | Analyst Conference | July 18, 2017 | p. 20

  21. Slide 21: Upcoming events

    Upcoming events September 20, 2017 Capital Markets Day October 16, 2017 Nine-months 2017 results February 28, 2018 Full year 2017 results April 24, 2018 Three-months 2018 results May 8, 2018 Annual General Meeting July 19, 2018 Half-year 2017 results October 18, 2018 Nine-months 2018 results © Kuehn

  22. Slide 22: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 CHF million 2017 2016 2017 / 2016 Change in % 2017 / 2016 Change in mCHF Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 1. Seafreight A) Income Statement Turnover 2'095 2'167 4'262 1'972 1'960 3'932 +6.2 +10.6 +8.4 123 207 330 Net Turnover 1'546 1'616 3'162 1'430 1'42

  23. Slide 23: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 2017 2016 2017 / 2016 Change in % 2017 / 2016 Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 3. Overland A) Income Statement Turnover 794 826 1'620 749 814 1'563 +6.0 +1.5 +3.6 45 12 57 Net Turnover 730 767 1'497 695 754 1'449 +5.0 +1.7 +3.3

  24. Slide 24: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 CHF million 2017 2016 2017 / 2016 Change in % 2017 / 2016 Change in mCHF Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 5'185 5'390 10'575 4'865 5'002 9'867 +6.6 +7.8 +7.2 320 388 708 Customs duties and taxes (886)

  25. Slide 25: Contact

    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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