Kuehne & Nagel International Ag · SIX:KNIN
Kuehne & Nagel International — Kuehne + Nagel International — Q3 2021 Earnings Presentation
28 slides from Kuehne & Nagel International's earnings presentation, Oct 20, 2021
Slide 1: Analyst conference Nine-months 2021 results
Analyst conference Nine-months 2021 results Kuehne + Nagel International AG Schindellegi, Switzerland 20 October 2021 (CET 14.00)
Slide 2: Overview nine-months 2021 results
01 Overview nine-months 2021 results 20 October 2021 | © Kuehne+Nagel | Analyst presentation 2
Slide 3: Highlights nine-months 2021 results
Highlights nine-months 2021 results Net turnover Gross profit 21,841 CHF million 9-m 2020: 14,839 6,871 CHF million 9-m 2020: 5,516 47% increase on the previous year including FX; 25% growth on the previous year acquisition and divestment account for 7% Free cash flow EPS 999 CHF million 9-m 2020: 8
Slide 4: Kuehne+Nagel adds another excellent quarter
Kuehne+Nagel adds another excellent quarter EBIT of CHF 991 EBIT of CHF 75 million million Strong performance Volume growth in Focus on high value Europe products High demand for High service digital solutions intensity persisted Sea Market Air in times Road Contract Group Logistics of
Slide 5: Business unit update
02 Business unit update 20 October 2021 | © Kuehne+Nagel | Analyst presentation 5
Slide 6: Sea and Air Logistics volumes
Sea and Air Logistics volumes TEUs '000 TEUs excl APEX Tons '000 Tons excl APEX 880 830 1,279 780 1,214 1,190 730 1,193 1,140 1,142 680 1,100 1,108 1,075 1,096 630 1,121 580 584 555 530 480 460 462 430 424 433 354 380 406 392 372 330 315 280 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2019 2020 2020 2020 2020 2
Slide 7: Sea Logistics
Sea Logistics Strong performance Focus on high value products Sustained high service intensity due to continued supply chain disruptions 20 October 2021 | © Kuehne+Nagel | Analyst presentation 7
Slide 8: Sea Logistics
Sea Logistics GP/TEU in CHF Exp/TEU in CHF EBIT/TEU in CHF 678 524 440 408 306 308 320 311 321 299 (263) (247) (252) (211) (225) (219) (217) (270) (198) 188 261 95 113 104 83 73 80 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2019 2020 2020 2020 2020 2021 2021 2021 Gross profit nine-months 2021 at CHF 1,889 mi
Slide 9: Air Logistics
Air Logistics Strong organic volume growth Robust transpacific demand supports high yields 20 October 2021 | © Kuehne+Nagel | Analyst presentation 9
Slide 10: Air Logistics
Air Logistics GP/100 kg in CHF Exp/100 kg in CHF EBIT/100 kg in CHF 106 104 100 95 93 94 Excl Apex 89 81 83 75 (71) * (64) (63) (59) (56) (59) * (55) (55) (56) (57) Excl Apex 40 38 44 41 35 * 30 37 Excl Apex 22 19 * 19 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2019 2020 2020 2020 2020 2021 2021 2021 * adjuste
Slide 11: Road Logistics
Road Logistics Strong volume growth in European network High demand for digital solutions eTrucknow and Your Easy Customs Solutions 20 October 2021 | © Kuehne+Nagel | Analyst presentation 11
Slide 12: Road Logistics
Road Logistics EBIT in CHF m EBIT/Net TO margin in % 3.2 2.9 2.8 2.0 2.0 2.3 1.8 30 1.5 1.2 24 24 21 17 16 17 12 9 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2019 2020 2020 2020 2020 2021 2021 2021 Net turnover nine-months 2021 at CHF 2,731 million, 15% above prior year, Q3 2021 CHF 922 million, 16% above pr
Slide 13: Contract Logistics
Contract Logistics Continued growth in pharma and e-commerce High demand for automated solutions 20 October 2021 | © Kuehne+Nagel | Analyst presentation 13
Slide 14: Contract Logistics
Contract Logistics 7.5 (excluding one-off impacts) 70 7.0 EBIT in CHF m EBIT/Net TO margin in % 6.5 60 6.0 49 5.5 50 5.0 43 42 38 4.5 40 34 34 4.0 28 28 3.5 30 4.0 3.4 3.7 3.0 20 3.1 17 3.0 2.5 2.5 2.4 2.0 10 2.2 1.5 1.0 1.4 - 0.5 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2019 2020 2020 2020 2020 2021 2021 20
Slide 15: Key financial figures nine-months 2021
03 Key financial figures nine-months 2021 20 October 2021 | © Kuehne+Nagel | Analyst presentation 15
Slide 16: Income statement
Income statement 2020 2020 2020 2020 2021 2021 2021 2021 Variance YTD Variance in % CHF million thereof Q1 Q2 Q3 Q3 YTD Q1 Q2 Q3 Q3 YTD 2021/2020 Q1 Q2 Q3 2021/2020 Forex 1 Net turnover 4,912 4,896 5,031 14,839 6,032 7,241 8,568 21,841 7,002 1,120 2,345 3,537 47% (0.5%) Gross profit 1,878 1,772 1,86
Slide 17: Balance sheet
Balance sheet December 31, September 30, December 31, September 30, CHF million 2020 2021 2020 2021 Assets Equity and Liabilities Equity attributable to the equity holders of 2,407 2,807 Property, plant and equipment 797 797 the parent company Right-of-use assets 1,500 1,465 Non-controlling interest
Slide 18: Cash / free cash flow
Cash / free cash flow YTD YTD CHF million Variance In CHF million Q3 2020 Q3 2021 1,453 Cash and cash equivalents January 1, net 904 1,713 809 FCF 2019 Operational cash flow 1,406 2,402 996 FCF 2020 FCF 2021 1,138 999 Changes in working capital (54) (555) (501) 811 Income taxes paid (213) (349) (136
Slide 19: Working capital
Working capital September 30, September 30, Better/(worse) CHF million 2020 2021 2021 vs. 2020 Trade receivables/contract assets 3,676 6,163 (2,487) Trade payables/accrued trade expenses (2,904) (4,442) 1,538 Net working capital 772 1,721 (949) KPIs: Working capital intensity 3.3% 4.5% (1.2%) DSO 53
Slide 20: Return on capital employed (ROCE)
Return on capital employed (ROCE) ROCE ROCE excl. Acquisitions/Divestments >200% 227% Acquisition effect: Acquisition impact of one year due to assets added and full EBIT included only after one year Effect assets held for sale: 133% Divestment of major part of the 125% UK Contract Logistics busin
Slide 21: 2021: current perspectives
2021: current perspectives Market Private consumption and demand for goods to remain strong in Q4 2021 Current market situation and capacity constraints expected to persist beyond Lunar New Year 2022 Kuehne+Nagel Successfully meeting high-end service level requirements against a backdrop of co
Slide 22: Inspire. Empower. Deliver.
Inspire. Empower. Deliver. 20 October 2021 | © Kuehne+Nagel | Analyst presentation 22
Slide 23: Upcoming events
Upcoming events 03.01. – 02.03.2022 Closed period 02.03.2022 Full-year 2021 results 06. – 26.04.2022 Closed period 26.04.2022 Three-months 2022 results 03.05.2022 Annual General Meeting 06. – 25.07.2022 Closed period 25.07.2022 Half-year 2022 results 06. - 25.10.2022 Closed period 25.10.2022 Nine-mo
Slide 24: Quarter over Quarter 2021/2020
Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 1. Sea Logistics A) Income Statement Turnover 2,878 3,311 4,405 10,594 2,235 2,095 2,251 6,581 +28.8 +58.0 +95.7 +61.0 643 1,216 2,154 4,013 Net Turnover 2,393
Slide 25: Quarter over Quarter 2021/2020
Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 3. Road Logistics A) Income Statement Turnover 1,009 1,134 1,121 3,264 975 829 899 2,703 +3.5 +36.8 +24.7 +20.8 34 305 222 561 Net Turnover 870 939 922 2,731 86
Slide 26: Quarter over Quarter 2021/2020
Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 5. Kuehne+Nagel Group A) Income Statement Turnover 6,933 8,212 9,594 24,739 5,860 5,713 5,875 17,448 +18.3 +43.7 +63.3 +41.8 1,073 2,499 3,719 7,291 Customs dut
Slide 27: Contact
Contact 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 20 October 2021 | © Kuehn
Slide 28: Disclaimer
Disclaimer 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 forward-looking statements
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