Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — H1 2021 Earnings Presentation

30 slides from Kuehne & Nagel International's earnings presentation, Jul 20, 2021

Slide 1: Analyst conference Half-year 2021 results
Analyst conference Half-year 2021 results Kuehne + Nagel International AG Schindellegi, Switzerland 20 July 2021 (CET 14.00)
Slide 2: Overview half-year 2021 results
01 Overview half-year 2021 results 20 July 2021 | © Kuehne+Nagel | Analyst presentation 2
Slide 3: Highlights half-year 2021 results
Highlights half-year 2021 results Net turnover Gross profit 13,273 CHF million 2020: 9,808 4,327 CHF million 2020: 3,650 35% increase including FX, acquisition and 23% growth on the previous year divestment impact of 2% on the previous year Free cash flow EPS 424 CHF million 2020: 383 6.31 CHF 2020:
Slide 4: Kuehne+Nagel doubles earnings in the first half of 2021
Kuehne+Nagel doubles earnings in the first half of 2021  EBIT of CHF 504  EBIT of CHF 54 million million  Strong performance  Volume growth in  High value products Europe  Increased service  High demand for intensity digital solutions Sea Market Air in times Road Contract Group Logistics of C
Slide 6: Sea and Air Logistics volumes
Sea and Air Logistics volumes 880 TEUs '000 Tons '000 Tons excl APEX 830 1,279 780 1,246 1,190 1,214 730 1,140 1,142 680 1,100 1,075 1,096 630 580 530 555 480 430 424 433 404 406 392 380 372 315 354 330 280 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 2020 2020 2021 2021  Sea Logistics volum
Slide 7: Sea Logistics
Sea Logistics Strong performance Focus on high value products Increased service intensity due to supply chain disruptions 20 July 2021 | © Kuehne+Nagel | Analyst presentation 7
Slide 8: Sea Logistics
Sea Logistics GP/TEU in CHF Exp/TEU in CHF EBIT/TEU in CHF 524 440 321 308 320 311 321 306 299 (252) (263) (247) (222) (225) (219) (217) 261 (211) (198) 188 113 104 99 95 83 73 80 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 2020 2020 2021 2021  Gross profit half-year 2021 at CHF 1,080 milli
Slide 9: Air Logistics
Air Logistics Strong volume growth Continuation of strong yield Consolidation of Apex 20 July 2021 | © Kuehne+Nagel | Analyst presentation 9
Slide 10: Air Logistics
Air Logistics* GP/100 kg in CHF Exp/100 kg in CHF EBIT/100 kg in CHF 106 100 95 93 89 95 Excl Apex 84 81 83 75 (71) (64) (61) (59) (56) * (59) * (55) (55) (56) (56) Excl Apex 40 38 44 35 39 Excl Apex 30 * 23 22 19 * 19 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 2020 2020 2021 2021 * adjuste
Slide 11: Update Apex
Update Apex  One of the leading airfreight forwarders in Asia  Focus on Trans-Pacific trades (supported by US presence) and intra- Asia markets  Reputed expertise in e-commerce fulfilment, hi-tech and e-mobility  Closing of the acquisition effective May 11, 2021  Net turnover of CHF 568 million
Slide 12: Road Logistics
Road Logistics Strong volume growth in European network High demand for digital solutions 20 July 2021 | © Kuehne+Nagel | Analyst presentation 12
Slide 13: Road Logistics
Road Logistics EBIT in CHF m EBIT/Net TO margin in % 3.2 2.9 2.8 2.3 30 2.0 2.0 1.8 24 24 1.5 21 1.2 17 16 17 12 9 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 2020 2020 2021 2021  Net turnover half-year 2021 at CHF 1,809 million, 14% above prior year, Q2 2021 CHF 939 million, 30% above prio
Slide 14: Contract Logistics
Contract Logistics Strong growth in Pharma and eCommerce High demand for automated solutions 20 July 2021 | © Kuehne+Nagel | Analyst presentation 14
Slide 15: Contract Logistics
Contract Logistics (excluding one-off impacts) 7.5 70 7.0 EBIT in CHF m EBIT/Net TO margin in % 6.5 60 6.0 49 5.5 50 5.0 43 38 4.5 Axis Title 40 34 4.0 34 29 28 28 3.5 30 4.0 3.4 3.0 3.1 17 20 3.0 2.5 2.5 2.4 2.0 10 2.1 2.2 1.5 1.0 1.4 - 0.5 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2019 2019 2020 2020 2020 2
Slide 16: Key financial figures half-year 2021
03 Key financial figures half-year 2021 20 July 2021 | © Kuehne+Nagel | Analyst presentation 16
Slide 17: Income statement
Income statement 2020 2020 2020 2021 2021 2021 Variance YTD Variance in % CHF million Acquisition/ thereof Q1 Q2 YTD Q1 Q2 YTD 2021/2020 Q1 Q2 2021/2020 Growth 1 Divestment Forex Net turnover 4,912 4,896 9,808 6,032 7,241 13,273 3,465 1,120 2,345 35.3% 32.9% 3.8% (1.4%) Gross profit 1,878 1,772 3,65
Slide 18: Balance sheet
Balance sheet December 31, June 30, December 31, June 30, CHF million 2020 2021 2020 2021 Assets Equity and Liabilities Equity attributable to the equity holders 2,407 2,725 Property, plant and equipment 797 802 of the parent company Right-of-use assets 1,500 1,469 Non-controlling interests 6 7 Good
Slide 19: Cash / free cash flow
Cash / free cash flow YTD YTD CHF million Variance In CHF million 2020 2021 1,453 Cash and cash equivalents January 1, net 904 1,713 809 FCF 2019 FCF 2020 Operational cash flow 804 1,418 614 FCF 2021 1,138 Changes in working capital (141) (424) (283) 811 Income taxes paid (111) (237) (126) Cash flow
Slide 20: Working capital
Working capital June 30, June 30, Better/(worse) CHF million 2020 2021 2021 vs. 2020 Trade receivables/contract assets/work in progress 3,716 5,241 (1,525) Trade payables/contract liabilities/accrued trade expenses (2,829) (3,889) 1,060 Net working capital 887 1,352 (465) KPIs: Working capital inten
Slide 21: Return on capital employed (ROCE)
Return on capital employed (ROCE) ROCE ROCE excl. Acquisitions/Divestments 133%  Acquisition effect: Acquisition impact of one year due to assets added and full EBIT included only after one 104% year 94% Effect assets held for sale: 93% Divestment of major part of the 75% UK Contract Logistics busi
Slide 22: eTouch efforts produce further gains in HY1 2021
eTouch efforts produce further gains in HY1 2021  Annualised man-hour gains expanded by 65% relative to year-end 2020  Positive CR contribution: eTouch traction more than keeping pace with workload growth  Other CR support factors: portfolio mix, market dynamics, AirLog Air Logistics workflow cat
Slide 23: 2021: current perspectives
2021: current perspectives Market  Another year impacted by the pandemic - uncertainty to persist  Private consumption and trade volumes growth to remain strong in the second half 2021  Inefficiencies in global transport networks caused by the pandemic Kuehne+Nagel  Successfully meeting high-end
Slide 25: Upcoming events
Upcoming events 06. – 20.10.2021 Closed period 20.10.2021 Nine-months 2021 results 03.01. – 02.03.2022 Closed period 02.03.2022 Full-year 2021 results 08. – 26.04.2022 Closed period 26.04.2022 Three-months 2022 results 03.05.2022 Annual General Meeting 08. – 25.07.2022 Closed period 25.07.2022 Half-
Slide 26: Quarter over Quarter 2021/2020
Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 1. Sea Logistics A) Income Statement Turnover 2,878 3,311 6,189 2,235 2,095 4,330 +28.8 +58.0 +42.9 643 1,216 1,859 Net Turnover 2,393 2,849 5,242 1,724 1,662 3,386 +38.8 +
Slide 27: Quarter over Quarter 2021/2020
Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 3. Road Logistics A) Income Statement Turnover 1,009 1,134 2,143 975 829 1,804 +3.5 +36.8 +18.8 34 305 339 Net Turnover 870 939 1,809 863 721 1,584 +0.8 +30.2 +14.2 7 218 2
Slide 28: Quarter over Quarter 2021/2020
Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 5. Kuehne+Nagel Group A) Income Statement Turnover 6,933 8,212 15,145 5,860 5,713 11,573 +18.3 +43.7 +30.9 1,073 2,499 3,572 Customs duties and taxes (901) (971) (1,872) (9
Slide 29: Contact
Contact Markus Blanka-Graff CFO markus.blanka@kuehne-nagel.com Tel: +41 (0)44 7869 644 Christopher Combé Head of Investor Relations christopher.combe@kuehne-nagel.com Tel: +41 (0)44 7869 693 Andrea Kobi Investor Relations andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 561 20 July 2021 | © Kuehne+N
Slide 30: Disclaimer
Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of Kuehne + Nagel International AG. This document contains forward-looking statements

Kuehne + Nagel International — H1 2021 Earnings Presentation on 6ix

Kuehne & Nagel International — Kuehne + Nagel International — H1 2021 Earnings Presentation

Slide 1: Analyst conference Half-year 2021 results

Slide 2: Overview half-year 2021 results

Slide 3: Highlights half-year 2021 results

Slide 4: Kuehne+Nagel doubles earnings in the first half of 2021

Slide 5: Business unit update

Slide 6: Sea and Air Logistics volumes

Slide 7: Sea Logistics

Slide 8: Sea Logistics

Slide 9: Air Logistics

Slide 10: Air Logistics

Slide 11: Update Apex

Slide 12: Road Logistics

Slide 13: Road Logistics

Slide 14: Contract Logistics

Slide 15: Contract Logistics

Slide 16: Key financial figures half-year 2021

Slide 17: Income statement

Slide 18: Balance sheet

Slide 19: Cash / free cash flow

Slide 20: Working capital

Slide 21: Return on capital employed (ROCE)

Slide 22: eTouch efforts produce further gains in HY1 2021

Slide 23: 2021: current perspectives

Slide 24: Inspire. Empower. Deliver.

Slide 25: Upcoming events

Slide 26: Quarter over Quarter 2021/2020

Slide 27: Quarter over Quarter 2021/2020

Slide 28: Quarter over Quarter 2021/2020

Slide 29: Contact

Slide 30: Disclaimer