Hamburger Hafen Und Logistik Ag · XETR:HHFA

Hamburger Hafen Und Logistik — 9M 2019 Earnings Presentation

17 slides from Hamburger Hafen Und Logistik's earnings presentation, Nov 13, 2019

1. Slide 1: Analyst conference call on the first nine months results 2019

   Analyst conference call on the first nine months results 2019 Hamburg, 13 November 2019 © Hamburger Hafen und Logistik AG

2. Slide 2: Agenda

   Agenda 01 Business development in 9M 2019 Disclaimer The facts and information contained herein are as up to date as is reasonably possible and are subject to Angela Titzrath, CEO revision in the future. Neither the Company nor any of its parent or subsidiary undertakings nor any of such person’s di

3. Slide 3: At a glance

   At a glance In an increasingly volatile market environment, business at HHLA continues to make good progress Successful business development continued: throughput exceeds previous year’s strong level while transport and revenues rise significantly, EBIT increases strongly Dampened market environment

4. Slide 4: Business environment in the first nine months of 2019

   Business environment in the first nine months of 2019 Pace of global economic activity remains sluggish and container throughput recovery is weaker than expected Trend in the first nine months 2019 Macroeconomic environment  The pace of global economic activity remains sluggish, in particular, mome

5. Slide 5: Financial highlights of Port Logistics subgroup in the first nine months of 2019

   Financial highlights of Port Logistics subgroup in the first nine months of 2019 Revenue EBIT EBIT margin € 1,020.2 million € 162.7 million 15.9 % + 8.6 % + 13.3 % + 0.6 pp Profit after tax ROCE Operating cash flow and minorities 11.8 % € 246.4 million € 76.6 million - 4.2 pp + 49.5 % ± 0.0 % 13.11.

6. Slide 6: Throughput and transport trend in the first nine months of 2019

   Throughput and transport trend in the first nine months of 2019 Successful development from a strong prior-year basis Container throughput in thousand TEU Container transport in thousand TEU +4.0% +7.8% 5,507 5,730 1,098 1,184 1,865 1,905 1,960 398 384 402 9M18 1Q19 2Q19 3Q19 9M19 9M18 1Q19 2Q19 3Q1

7. Slide 7: Container segment

   Container segment Positive revenue trend dampened by rise in opex; EBIT improvement mainly attributable to IFRS 16 effects Revenue ■ 9M18 ■ 9M19 OpEx ■ 9M18 ■ 9M19  Revenue grew faster than volume +6.0% +5.2%  Average revenue per TEU up 1.9 % 605.5 492.9 mainly due to 571.2 468.3  contractual rat

8. Slide 8: Intermodal segment

   Intermodal segment Superior EBIT level further expanded, margin improved, IFRS 16 with negligible effect Revenue OpEx  Revenue growth clearly exceeded in € million in € million transport volume development +13.5% +12.8%  Strong EBIT increase due to 367.9 324.0 291.8  rise in volumes with a largel

9. Slide 9: Logistics segment

   Logistics segment Positive development continues Revenue EBIT  Strong rise in revenue, mainly driven by in € million in € million vehicle logistics and consulting activities +9.8% -2.7%  EBIT impacted by: 43.9 1.8 1.7 39.9  improved results in vehicle logistics  positive order situation in consu

10. Slide 10: Earnings bridge of the Port Logistics subgroup

    Earnings bridge of the Port Logistics subgroup Net profit showed a stable development in € million / absolute change vs. 9M18 162.7 3.6 EPS € 1.09 26.3 - 0.5 - 13.6 35.8 + 2.9 - 2.1 27.7 76.6 Effective tax rate Net financial of 25.6 % slightly Minorities At-equity expenses up due above prior-year in

11. Slide 11: Cash flow development of the Port Logistics subgroup

    Cash flow development of the Port Logistics subgroup In line with business development, reflecting IFRS 16 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities in € million in € million in € million +49.5% -6.1% +18.6% 246.4 164.8 -113.4 -119.7

12. Slide 12: Forecast for 2019

    Forecast for 2019 Projected global growth for 2019 is the weakest since 2009 and container throughput growth remains soft GDP outlook 2019 Macroeconomic outlook for 2019 GDP World + 3.0 %  Global growth is forecast at 3.0 % for 2019, the lowest level since global financial crisis 2008 / 2009 and a

13. Slide 13: Forecast for 2019

    Forecast for 2019 Updated forecast for Port Logistics subgroup 2018 Guidance 2019 Moderate increase on previous year Container throughput updated  7,336 thousand TEU (previously: Slight increase on previous year) Significant increase on previous year Container transport updated  1,480 thousand TEU

14. Slide 14: Financial calendar / IR contact

    Financial calendar / IR contact Financial calendar 2020 IR contact Phone: +49 40 3088 3397 25 March 2020 Annual Report 2019 Fax: +49 40 3088 55 3397 Analyst conference call E-mail: investor-relations@hhla.de 13 May 2020 Web: www.hhla.de Interim Statement January – March 2020 Analyst conference call

15. Slide 15: Appendix

    Appendix IFRS 16 13.11.2019 Analyst conference call on the first nine months 2019 © Hamburger Hafen und Logistik AG 15

16. Slide 16: IFRS 16

    Effects on EBIT development due to first-time application of IFRS 16 Port Logistics and segment level Port Logistics subgroup: EBIT & EBIT margin Container segment: EBIT & EBIT margin Intermodal segment: EBIT & EBIT margin in € million in € million in € million +6.5 % +13.3 % +1.6 % +9.4 % +15.8 % +

17. Slide 17: Effects on balance sheets due to first-time application of IFRS 16 and current equity trend

    Effects on balance sheets due to first-time application of IFRS 16 and current equity trend at Group level Assets in € million 2,544.1 2,652.6 + 571.2 mainly due to 1,972.9 rights of use 2,018.1 2,113.8 Non-current assets 1,446.9 Current assets 526.0 526.0 538.8 31.12.2018 01.01.2019 30.09.2019 Equi

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