Ntg Nordic Transport Group A/s · OMXCOP:NTG
Ntg Nordic Transport Group A/s — Q2 2021 Earnings Presentation
22 slides from Ntg Nordic Transport Group A/s's earnings presentation, August 2021
Slide 1: Q2 2021 Roadshow
Q2 2021 Roadshow NTG Nordic Transport Group August 2021
Slide 2: Information
Information This presentation has been prepared for information purposes only. This presentation (i) is Forward-looking statements may include, but are not limited to, projections of revenue, by necessity a summary of more detailed information, (ii) is not intended and should not statements relating
Slide 3: Today's presenters
Today’s presenters MICHAEL LARSEN CHRISTIAN D. JAKOBSEN Group CEO Group CFO 3
Slide 4: Content
Highlights Financial review Other key figures Content Outlook The acquisition of LGT Appendix 4
Slide 5: Highlights for Q2 2021
Highlights Financial review Other key figures Outlook Highlights for Q2 2021 The acquisition of LGT Appendix HIGH ACTIVITY GROWTH STRONG ANNOUNCEMENT FULL-YEAR AND MARKET TRAJECTORY FINANCIAL OF TWO OUTLOOK IMBALANCES CONTINUES RESULTS ACQUISITIONS MAINTAINED 5
Slide 6: Financial review: Group (I/II)
Highlights Financial review Other key figures Outlook Financial review: Group (I/II) The acquisition of LGT Appendix Q2 YTD COMMENTS DKKm 2021 2020 ∆ 2021 2020 ∆ Net revenue 1,720 1,234 39.4% 3,261 2,545 28.1% ▪ Activity in Q2 2021 Gross profit 369 295 24.8% 704 571 23.3% exceeded pre-pandemic Adjus
Slide 7: Financial review: Group (II/II)
Highlights Financial review Other key figures Outlook Financial review: Group (II/II) The acquisition of LGT Appendix Gross margin Conversion ratio Operating margin 27% 40% 38.8% 9% 37.3% 8.5% 26% 8% 8.0% 35% 31.9% 25% 7.0% 31.3% 7% 24% 30% 6.8% 6% 6.2% 23% 25% 22% 21.9% 5% 21.4% 20% 21% 4% 20% 19.9
Slide 8: Financial review: Road & Logistics
Highlights Financial review Other key figures Outlook Financial review: Road & Logistics The acquisition of LGT Appendix Q2 YTD COMMENTS DKKm 2021 2020 ∆ 2021 2020 ∆ Net revenue 1,326 975 36.0% 2,504 2,043 22.6% ▪ Growth across all key Gross profit 290 233 24.8% 550 445 23.6% geographies in Q2 2021.
Slide 9: Financial review: Air & Ocean
Highlights Financial review Other key figures Outlook Financial review: Air & Ocean The acquisition of LGT Appendix Q2 YTD COMMENTS DKKm 2021 2020 ∆ 2021 2020 ∆ Net revenue 394 259 52.2% 756 501 50.8% ▪ Extraordinary market Gross profit 78 63 24.8% 154 126 22.5% conditions continued to Adjusted EBIT
Slide 10: Other key figures
Highlights Financial review Other key figures Outlook Other key figures The acquisition of LGT Appendix Net working capital (DKKm) Adjusted free cash flow1 (DKKm) Net interest-bearing debt2 (DKKm) 151 90 98 36 4 (146) (163) (164) (151) (176) (173) (186) (209) (208) (196) 30-Jun-20 30-Jun-21 31-Mar-2
Slide 11: Full-year outlook 2021
Highlights Financial review Other key figures Outlook Full-year outlook 2021 The acquisition of LGT Appendix DKKm 2020 realised 2021 outlook Principal assumptions Net revenue 5,332.2 6,300 – 6,700 ▪ The prevailing market conditions Adjusted EBIT 260.7 450 – 490 will persist throughout 2021. Guidance
Slide 12: Acquisition of LGT Group AB (I/II)
Highlights Financial review Other key figures Outlook Acquisition of LGT Group AB (I/II) The acquisition of LGT Appendix NTG subsidiaries TIBRO LAHTI Segment Share of total Employees Segment Share of total Employees 2 Furniture ~40 % of ~130 Furniture ~5 % of ~30 logistics revenue FTEs logistics rev
Slide 13: Acquisition of LGT Group AB (II/II)
Highlights Financial review Other key figures Outlook Acquisition of LGT Group AB (II/II) The acquisition of LGT Appendix Strategic rationale Transaction details ▪ SEK 375 million on a cash and debt free basis (excluding IFRS 16). VALUATION ▪ Financing with available cash and existing credit facilit
Slide 14: Appendix
Appendix __ P
Slide 15: Business model of NTG
Highlights Financial review Other key figures Outlook Business model of NTG The acquisition of LGT Appendix NTG core competencies Contract logistics/ Last mile Shipper Contract logistics cross-docking freight Consignee Freight forwarding ✓ Asset-light business model ✓ Focus on road, air, and ocean f
Slide 16: NTG at a glance
Highlights Financial review Other key figures Outlook NTG at a glance The acquisition of LGT Appendix Business segments Founded Revenue1 (DKK) Road & 20% 2011 5.3bn Logistics 2020 revenue Employees1 Revenue CAGR 2016-2020 80% Air & Ocean 1,482 26% Road & Logistics Air & Ocean Geographical footprint
Slide 17: The history of NTG
Highlights Financial review Other key figures Outlook The history of NTG The acquisition of LGT Appendix 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Rapid expansion Country entry # New start-ups 2 2 1 2 5 4 5 2 6 4 - DK Nordics EAT ATS Cargo Kettermann TAK Solution CargoWorld HC Schmidt P
Slide 18: Global network of 68 subsidiaries in 23 countries
Highlights Financial review Other key figures Outlook Global network of 68 subsidiaries in 23 countries The acquisition of LGT Appendix Overview of operational subsidiaries Operational subsidiaries by region 5 4 2 4 4 25 Northern Europe North America 11 Western Europe East Asia 8 2 Eastern Europe Re
Slide 19: Five-year overview
Highlights Financial review Other key figures Outlook Five-year overview The acquisition of LGT Appendix Net revenue (DKKm) Adjusted EBIT (DKKm) Adjusted free cash flow (DKKm) 6,300 - 6,700 5.4% 450 - 490 314 26% 4.7% 4.9% 5,332 5,332 4.2% 3.9% 4,512 261 2,896 189 208 2,135 158 102 115 110 101 78 20
Slide 20: Multiple avenues for future growth
Highlights Financial review Other key figures Outlook Multiple avenues for future growth The acquisition of LGT Appendix Acquisitions Accelerate growth by leveraging 3 M&A execution competencies. Establish new Add scale, new product 2 Establish newstart-ups using start-ups offerings, and new geograp
Slide 21: The green transition
Highlights Financial review Other key figures Outlook The green transition The acquisition of LGT Appendix SCOPE 1 INITIATIVES ▪ Recycling and sorting at several sites. ▪ Electric and hybrid company cars offered. SCOPE 1 ▪ Electric trucks in logistics facilities. SCOPE 3 Direct SCOPE 2 Indirect ▪ +4
Slide 22: NTG Nordic Transport Group A/S
NTG Nordic Transport Group A/S Investor relations Press Hammerholmen 47-49 Christian D. Jakobsen Mathias Jensen-Vinstrup DK-2650 Hvidovre Group CFO Executive Vice President www.ntg.com +45 4212 8099 +45 4212 8090 CVR no. 12546106 ir@ntg.com press@ntg.com
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