Kln Logistics Group Limited · HKEX:636

Kln Logistics — Kerry Logistics Network — H1 2014 Earnings Presentation

16 slides from Kln Logistics's earnings presentation, 2014

  1. Slide 1: 2014 Interim Results

    2 0 1 4 I N T E R I M R E S U LT S Stock code: 636

  2. 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

  3. Slide 3: 2014 1H Highlights

    2014 1H Highlights 1

  4. Slide 4: 2014 1H Overview

    2014 1H Overview Turnover Segment Profit IFF 20% IL IFF IL 46% 54% 80% HK$ 9,984m (+5%) HK$ 861m (+12%) Integrated Logistics (IL) consists of Logistics Operations (LOP) and Hong Kong Warehouse (HKW) 2

  5. Slide 5: Turnover

    Turnover IL IFF HK$ M HK$ M 4,597 4,500 4,150 10.8% 5,400 5,372 0.3% 5,387 5,300 3,000 5,200 1,500 5,100 5,000 2013 1H(1) 2014 1H 2013 1H(1) 2014 1H Integrated Logistics (IL) consists of Logistics Operations (LOP) and Hong Kong Warehouse (HKW) Geographical Area 3% 15% HK$ M 2013 1H (1) 2014 1H YoY G

  6. Slide 6: Segment Profit

    Segment Profit IL IFF HK$’M HK$’M 800 240 687 13.6% 600 605 180 8.1% 174 161 400 469 398 120 + 17.8% 200 60 + 5.3% 207 218 2013 1H(1) 2014 1H 2013 1H(1) 2014 1H Integrated Logistics (IL) consists of Logistics Operations (LOP) and Hong Kong Warehouse (HKW) Geographical Area Margin YoY (1) 2013 1H 201

  7. Slide 7: Segment Profit

    Segment Profit IL HK$ M YoY 19% 20% Mainland China 138 + 28% Hong Kong 279 + 6% HK$687m 20% (+ 14%) Taiwan 140 + 13% South & SE Asia 127 + 20% 41% Integrated Logistics (IL) consists of Logistics Operations (LOP) and Hong Kong Warehouse (HKW) IFF HK$ M YoY 18% Mainland China 97 - 9% Hong Kong 8 + 78%

  8. Slide 8: Core Net Profit

    Core Net Profit Core Net Profit Profit Attributable to Shareholders HK$ M YoY Segment Profit 861 + 12% Less Unallocated Expenses (65) - 4% Core Operating Profit 796 + 14% Net finance costs (38) + 51% Results of Associates 44 - 39% Profit before taxation 802 + 8% Taxation (163) + 19% Profit after tax

  9. Slide 9: Cash, Debt & Equity

    Cash, Debt & Equity Cash & Debt Shareholders’ Equity HK$ M HK$ M 5,000 15,000 3.8% 4,228 4,190 13,426 13,939 4,000 12,000 3,440 3,155 3,000 9,000 Cash (2) 2,000 Debt(3) 6,000 1,000 3,000 31 Dec 2013 30 Jun 2014 31 Dec 2013 30 Jun 2014 (2) Cash and bank balance (3) Total bank loans and overdrafts Deb

  10. Slide 10: New Projects and M&A

    New Projects and M&A IL IFF GREATER CHINA GLOBAL • Launched Kerry Pharma in Hong Kong • New global IFF operating system rolled out in 19 countries, including Mainland China • Completed logistics centres in Zhengzhou & Kunshan ASEAN (729,000 sq. ft.) • Increased controlled interests in KART Malaysia

  11. Slide 11: Outlook

    Outlook 2014 performance should be in line with market 1 expectation Sustain stable growth despite stagnant global 2 demand in 2015 3 Evaluate efficiency and productivity of assets 9

  12. Slide 12: Q&A

    KERRY Stock code: 636

  13. Slide 13: Appendix

    APPENDIX KERRY Stock code: 636

  14. Slide 14: Appendix I – Condensed Consolidated Interim Income Statement

    Appendix I – Condensed Consolidated Interim Income Statement Six months ended 30 Jun Unaudited Audited 2014 2013 HK$’000 HK$’000 Turnover 9,984,310 9,521,789 Direct operating expenses (8,491,594) (8,095,600) Gross profit 1,492,716 1,426,189 Other income and net gains 50,799 30,486 Administrative exp

  15. Slide 15: Appendix II – Condensed Consolidated Interim Statement of Financial Position

    Appendix II – Condensed Consolidated Interim Statement of Financial Position Unaudited Audited ASSETS AND LIABILITIES As at 30 Jun 2014 As at 31 Dec 2013 Non-current assets HK$’000 HK$’000 Intangible assets 1,933,756 1,968,950 Investment properties 6,517,107 6,379,282 Leasehold land and land use rig

  16. Slide 16: Appendix II – Condensed Consolidated Interim Statement of Financial Position (cont’d)

    Appendix II – Condensed Consolidated Interim Statement of Financial Position(cont’d) Unaudited Audited As at 30 Jun 2014 As at 31 Dec 2013 HK$’000 HK$’000 Non-current liabilities Loans from non-controlling interests 246,015 235,632 Long-term bank loans 2,736,882 2,864,332 Deferred taxation 515,188 5

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