C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q3 2015 Earnings Presentation
16 slides from C.h. Robinson Worldwide's earnings presentation, Oct 27, 2015
Slide 1: Earnings Conference Call – Third Quarter 2015
Exhibit 99.2 Earnings Conference Call – Third Quarter 2015 October 28, 2015 John Wiehoff, Chairman & CEO Andrew Clarke, CFO Tim Gagnon, Director, Investor Relations
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for the historical information contained herein, the matters set forth in this presentation and the accompanying earnings release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-loo
Slide 3: Results Q3 2015
Results Q3 2015 in thousands, except per share amounts Three months ended September 30 Nine months ended September 30 2015 2014 % Change 2015 2014 % Change Total revenues $3,419,253 $3,467,362 -1.4% $10,265,231 $10,112,865 1.5% Total net revenues $588,575 $527,564 11.6% $1,697,703 $1,505,836 12.7% I
Slide 4: Transportation Results Q3 2015
Transportation Results Q3 2015 TRANSPORTATION in thousands Three months ended September 30 Nine months ended September 30 2015 2014 % Change 2015 2014 % Change Total revenues $3,044,500 $3,073,382 -0.9% $9,122,479 $8,922,261 2.2% Total net revenues $560,091 $497,763 12.5% $1,603,584 $1,414,295 13.4%
Slide 5: Truckload Results Q3 2015
Truckload Results Q3 2015 Year over year change TRUCKLOAD NET REVENUES in thousands North America Three months ended Sept 30 Nine months ended Sept 30 Truckload Quarter YTD 2015 2014 % Change 2015 2014 % Change Volume 7% 7% $344,715 $311,152 10.8% $977,641 $891,651 9.6% Approximate pricing* 0% 3% Ap
Slide 6: LTL Results Q3 2015
LTL Results Q3 2015 Year over year change LTL NET REVENUES in thousands Three months ended Sept 30 Nine months ended Sept 30 LTL Quarter YTD 2015 2014 % Change 2015 2014 % Change $94,190 $67,968 38.6% $271,084 $195,482 38.7% Volume 32% 31% Pricing Net revenue margin • Organic net revenues increased
Slide 7: Intermodal Results Q3 2015
Intermodal Results Q3 2015 Year over year change INTERMODAL NET REVENUES in thousands INTERMODAL Three months ended Sept 30 Nine months ended Sept 30 Quarter YTD 2015 2014 % Change 2015 2014 % Change Volume -4% 5% $10,168 $10,593 -4.0% $32,219 $30,396 6.0% Pricing Net revenue margin • North America
Slide 8: Global Forwarding Results Q3 2015 Ocean, Air and Customs
Global Forwarding Results Q3 2015 Ocean, Air and Customs NET REVENUES in thousands Three months ended Sept 30 Nine months ended Sept 30 2015 2014 % Change 2015 2014 % Change Ocean $58,322 $57,380 1.6% Ocean $167,578 $151,478 10.6% Air $20,248 $20,520 -1.3% Air $60,483 $59,721 1.3% Customs $12,012 $1
Slide 9: Other Logistics Services Results Q3 2015
Other Logistics Services Results Q3 2015 NET REVENUES in thousands Three months ended Sept 30 Nine months ended Sept 30 2015 2014 % Change 2015 2014 % Change $20,436 $19,043 7.3% $61,331 $54,816 11.9% • Other Logistics Services net revenues include transportation managed services, warehousing and sm
Slide 10: Sourcing Results Q3 2015
Sourcing Results Q3 2015 SOURCING NET REVENUES in thousands Three months ended Sept 30 Nine months ended Sept 30 2015 2014 % Change 2015 2014 % Change Total revenues $374,753 $393,980 -4.9% $1,142,752 $1,190,604 -4.0% Total net revenues 28,484 $29,801 -4.4% $94,119 $91,541 2.8% Net revenue margin 7.
Slide 11: Summarized Income Statement
Summarized Income Statement in thousands Three months ended Sept 30 Nine months ended Sept 30 2015 2014 % Change 2015 2014 % Change Total revenues $3,419,253 $3,467,362 -1.4% $10,265,231 $10,112,865 1.5% Total net revenues 588,575 527,564 11.6% 1,697,703 1,505,836 12.7% Personnel expenses 264,077 24
Slide 12: Other Financial Information
Other Financial Information in thousands CASH FLOW DATA Three months ended Sept 30 2015 2014 % Change Net cash provided by operating activities $213,247 $176,954 20.5% Capital expenditures, net $13,206 $6,312 109.2% BALANCE SHEET DATA • Strong cash flow quarter September 30, 2015 • Total debt balanc
Slide 13: Capital Distribution
Capital Distribution in thousands 2010 2011 2012 (a) 2013 2014 Q3 2015 YTD 2015 Net income $387,026 $431,612 $447,007 $415,904 $449,711 $139,432 $383,116 Capital distribution Cash dividends paid $168,902 $194,697 $219,313 $220,257 $215,008 $56,931 $171,448 Share repurchases 157,381 250,274 255,849 8
Slide 14: A look ahead
A look ahead • October total company net revenue growth rate is consistent with the third quarter 2015 growth rate. • Strategic priorities • Sales and Account Management initiatives • Talent acquisition and development • Technology development and innovation • M&A 14
Slide 15: Appendix A: 2012 Summarized Adjusted Income Statement
Appendix A: 2012 Summarized Adjusted Income Statement In thousands, except per share amounts Twelve months ended December 31, 2012 Non-recurring Non-recurring 2012 Actual Adjusted Acquisition Impacts Divestiture Impacts Total net revenues $1,717,571 $1,717,571 Personnel expenses (1) 766,006 -385 -34
Slide 16: C.H. Robinson
3) C.H. ROBINSON C“(‘éi
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