Hamburger Hafen Und Logistik Ag · XETR:HHFA

Hamburger Hafen Und Logistik — H1 2014 Earnings Presentation

16 slides from Hamburger Hafen Und Logistik's earnings presentation, Aug 14, 2014

  1. Slide 1: Interim Results January – June 2014

    HAMBURGER HAFEN UND LOGISTIK AG INTERIM RESULTS JANUARY – JUNE 2014 Analyst Conference Call, 14 August 2014 Interim Results Berenberg Commerzbank& Goldman Sector January Conference Sachs – June German 2014 Week Corporate © – Hamburger © Hamburger AugustConference 2013Hafen und©Logistik Hamburger Haf

  2. Slide 2: Disclaimer

    Disclaimer The facts and information contained herein are as up to date as is reasonably possible and are subject to revision in the future. Neither the Company nor any of its parent or subsidiary undertakings nor any of such person’s directors, officers, employees or advisors nor any other person m

  3. Slide 3: Agenda

    Agenda  Business Development Klaus-Dieter Peters CEO  Financial Performance Dr. Roland Lappin CFO  Outlook Klaus-Dieter Peters CEO Interim Results January – June 2014 © Hamburger Hafen und Logistik AG 3

  4. Slide 4: Trends and Challenges 2014

    Business Development Trends and Challenges 2014 Economic momentum at a slow pace, competition remains tough GDP Development Q1 2014 Economic Environment World + 2.8 %  Global economic growth stabilising at a low level  Modest development in HHLA’s key markets China + 7.5 % continued (Asia, Central

  5. Slide 5: Satisfying Performance in a Challenging Markets

    Business Development Satisfying Performance in a Challenging Markets Volume gains in a slightly positive market environment Container Throughput  HHLA terminals increase throughput by 0.7 % to 3.8 million TEU  Notable growth in Far East volumes of liner services (+ 8.0 %) at Hamburg terminals  Vo

  6. Slide 6: Challenges in the Logistics Chain

    Business Development Challenges in the Logistics Chain Carrier schedule reliability not normalised yet High dwell time causes peak storage utilisation Challenges Utilisation Capacity ► Poor schedule reliability of shipping lines due to cost saving programmes 100 % ► Above-average container dwell tim

  7. Slide 7: Elbe Waterway Adjustment

    Business Development Elbe Waterway Adjustment Administrative steps by the public authorities in charge Initiation of EU statement on Final Main proceedings Verdict plan approval council directive plan on legal objections process “Flora Fauna Habitat” approval Sep 2006 Nov 2011 Apr 2012 July 2014 2 O

  8. Slide 8: Key Figures

    Financial Performance Key Figures January to June 2014 HHLA Group Subgroup Port Logistics in € million 1-6 | 2014 Change 1-6 | 2014 Change Revenue 595.7 5.2 % 581.7 5.3 % EBIT 81.4 3.4 % 73.9 3.6 % EBIT margin in % 13.7 - 0.2 pp 12.7 - 0.2 pp Profit after tax and minorities 26.0 - 10.2 % 21.9 - 14.6

  9. Slide 9: Operating Expenses

    Financial Performance Operating Expenses Cost trend largely in line with volume development Total Operating Expenses: + 4.5 % Throughput/Transport Growth: + 0.7 % / + 9.0 % in € million 526.8 Cost of materials 503.9  Increase in line with volume trend  Rise especially in the material-intensive + 6

  10. Slide 10: Earnings Bridge

    Financial Performance Earnings Bridge Net profit affected by F/X-effect and one-time allocation to provisions EPS of 0.31 € € 73.9 m - € 15.6 m F/X-effect - € 5.5 m - € 18.4 m Financial result € 4.2 m lower due to F/X-effects - € 17.9 m Effective tax rate up 3.7 pp to 31.6 % due to not taxable one-o

  11. Slide 11: Financial Position

    Financial Performance Financial Position Solid Financial Fundament Free Cash Flow Equity in € million in € million / Equity ratio in %  Liquidity reserves of € 173.1 million  Equity ratio down to 35.2 % mainly due impacted by distribution of dividends to FX-effect and actuarial losses (approx. € 3

  12. Slide 12: Container Segment

    Financial Performance Container Segment January to June 2014 in € million H1 2014 H1 2013 Change  Revenue development above volume growth mainly due to a Container temporary increase of storage fees 3,783 3,757 0.7 % throughput1 and a drop in feeder traffic Revenue 374.3 360.7 3.8 %  Dwell time no

  13. Slide 13: Intermodal Segment

    Financial Performance Intermodal Segment January to June 2014 in € million H1 2014 H1 2013 Change  Revenue growth above volume trend because of rising average distances Container of rail bound services 633 581 9.0 % transport 1  Sequential progress in restructuring Revenue 170.1 151.5 12.2 % of Po

  14. Slide 14: Logistics Segment

    Financial Performance Logistics Segment January to June 2014 in € million H1 2014 H1 2013 Change  Different development of business activities Revenue 31.9 34.9 - 8.4 %  Comparison basis affected by EBITDA - 0.4 2.4 neg. one-time gain  EBIT hampered by declining EBITDA margin - 1.3 % 7.0 % - 8.3

  15. Slide 15: Business Forecast for 2014

    Outlook Business Forecast for 2014 Market Environment Performance of the Port Logistics subgroup  Global economy (GDP) 3.4 % Volumes  Global trade 4.0 %  Container throughput: slight increase on previous year  Container throughput, global 4.9 % (2013: 7.5 million TEU)  Container transport: sign

  16. Slide 16: Financial Calendar IR Contact

    Financial Calendar IR Contact 14 Aug 2014 Phone: +49 40 3088 3100 Interim Report January-June 2014 Fax: +49 40 3088 55 3100 13 Nov 2014 Interim Report January-September 2014 E-mail: investor-relations@hhla.de Web: www.hhla.de Interim Results January – June 2014 © Hamburger Hafen und Logistik AG 16

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