Kuehne & Nagel International Ag · SIX:KNIN
Kuehne & Nagel International — Kuehne + Nagel International — Q1 2016 Earnings Presentation
27 slides from Kuehne & Nagel International's earnings presentation, Apr 19, 2016
Slide 1: Analyst Conference Call – First quarter 2016 results
Kuehne + Nagel International AG Analyst Conference Call – First quarter 2016 results April 19, 2016 (CET 14.00) Schindellegi, Switzerland
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of Kuehne + Nagel International AG, may cause actual development and results to differ materially from the
Slide 3: Overview first quarter results 2016
Overview first quarter results 2016 Financial review Appendices Kuehne + Nagel Group - First quarter 2016 results April 19, 2016 p. 3
Slide 4: Overview first quarter 2016 results - Kuehne + Nagel Group
Overview first quarter 2016 results - Kuehne + Nagel Group Net turnover Gross profit EBIT in CHF million in CHF million in CHF million (0.5%) + 7.7% + 15.3% 219 4,096 217 4,074 1,613 1,593 4,010 1,497 190 (2.1%) + 6.4% + 14.2% 2015 2016 2016 cc 2015 2016 2016 cc 2015 2016 2016 cc Kuehne + Nagel Grou
Slide 5: Seafreight
Seafreight EBIT: + 13.8% Volume: + 6% GP per TEU: + 1.4% Conversion rate: 30.7%
Slide 6: Seafreight - Performance of business unit
Seafreight - Performance of business unit YTD YTD Variance Income statement in CHF million Mar 2015 Mar 2016 2016/2015 Growth Forex 1 Turnover 2,244 1,972 (12.1%) (10.2%) (1.9%) Gross profit 324 348 7.4% 9.9% (2.5%) EBITDA 102 112 9.8% 10.8% (1.0%) EBIT 94 107 13.8% 15.9% (2.1%) EBIT in % of GP 29.0
Slide 7: Airfreight
Airfreight EBIT: + 7.4% Volume: in line with py GP per 100kg: + 6.8% Conversion rate: 31.1%
Slide 8: Airfreight - Performance of business unit
Airfreight - Performance of business unit Income statement YTD YTD Variance in CHF million Mar 2015 Mar 2016 2016/2015 Growth Forex 1 Turnover 999 944 (5.5%) (3.0%) (2.5%) Gross profit 221 235 6.3% 8.1% (1.8%) EBITDA 72 77 6.9% 5.5% 1.4% EBIT 68 73 7.4% 7.4% -% EBIT in % of GP 30.8% 31.1% 1 Foreign
Slide 9: Development of volumes
Development of volumes Seafreight Airfreight [TEU] ‘000 [TON] ‘000 Volume increase of 6.0% or 53,000 TEUs yoy Volume decrease of 0.3% or 1,000 tons yoy Yield increase of 1.4% or CHF 5 GP/TEU yoy Yield increase of 6.8% or CHF 5 GP/100kg yoy 996 991 994 968 968 328 312 317 943 306 937 304 304
Slide 10: Overland
Overland EBITDA: + 25% EBITDA/net TO margin: 2.2% EBIT: in line with py Acquisition: EBIT CHF 2 million
Slide 11: Overland - Performance of business unit
Overland - Performance of business unit Income statement YTD YTD Variance in CHF million Mar 2015 Mar 2016 2016/2015 Growth Acquisition Forex 1 Net turnover 587 695 18.4% 3.5% 15.2% (0.3%) Gross profit 200 220 10.0% 2.0% 8.0% - EBITDA 12 15 25.0% (33.4%) 41.7% 16.7% EBIT 4 4 - (75.0%) 50.0% 25.0% EB
Slide 12: Contract Logistics
Contract Logistics EBITDA: + 17.0% EBITDA/net TO margin: 5.1% EBIT: + 37.5% Idle space: 3.2%
Slide 13: Contract Logistics - Performance of business unit
Contract Logistics - Performance of business unit Income statement YTD YTD Variance in CHF million Mar 2015 Mar 2016 2015/2016 Growth Forex 1 Net turnover 1,015 1,080 6.4% 7.4% (1.0%) Gross profit 752 790 5.1% 6.2% (1.1%) EBITDA 47 55 17.0% 19.1% (2.1%) EBIT 24 33 37.5% 41.7% (4.2%) EBITDA / Net tur
Slide 14: Overview first quarter results 2016
Overview first quarter results 2016 Financial review Appendices Kuehne + Nagel Group - First quarter 2016 results April 19, 2016 p. 14
Slide 15: Income statement
Income statement 2015 YTD Dec 2016 Variance Variance in % CHF million Q1 2015 Q1 Q1 2016/2015 Q1 2016/2015 Growth Acquisition Forex 1 Net turnover 4'096 16'731 4'010 (86) (2.1%) (2.7%) 2.2% (1.6%) Gross profit 1'497 6'251 1'593 96 6.4% 6.6% 1.1% (1.3%) Gross profit margin 36.5% 37.4% 39.7% EBITDA 23
Slide 16: Financial overview Q1 Financial targets 2016
Financial overview Q1 Financial targets 2016 CHF million 2015 2016 Profitability Group EBIT margin to net turnover > 5% Net turnover 4,096 4,010 Gross profit 1,497 1,593 EBITDA 233 259 CAPEX 2016: CHF 215 million (2015: CHF 253 million) EBIT 190 217 EBIT margin to net turnover 4.6% 5.4% Net earn
Slide 17: Financial review - Balance sheet
Financial review - Balance sheet CHF million 31 December 31 March 31 December 31 March 2015 2016 2015 2016 Assets Liabilities and equity Property, plant and equipment 1'142 1'142 Equity attributable to the equity 2'121 2'262 holders of the parent company Goodwill 767 759 Other intangibles 98 92 Non-
Slide 18: Financial review Q1 - Cash flow
Financial review Q1 - Cash flow CHF million 2015 2016 Variance Cash flow from operating activities 151 104 (47) Cash flow from investing activities (35) (21) 14 Cash flow from financing activities (13) (4) 9 Exchange difference on cash and cash equivalents (28) (6) 22 Increase/(decrease) in cash and
Slide 19: Financial review - Working capital development
Financial review - Working capital development Better/(worse) March December March CHF million March 16 vs. 2015 2015 2016 December 15 Trade receivables & Work in progress 2,799 2,816 2,755 61 Trade payables & Accrued trade expenses (2,134) (2,222) (2,142) (80) Net working capital 665 594 613 (19) K
Slide 20: Return on capital employed
Return on capital employed 72% 70% 69% 70% 70%* 69% 68% 66% 64% 64% 62% 60% 60% 58% 58% 56% 55% 56% 54% 52% 53% 50% 51% 48% 49% 46% 48% 44% 42% 40% Q1/201 3 Q2/201 3 Q3/201 3 Q4/201 3 Q1/201 4 Q2/201 4 Q3/201 4 Q4/201 4 Q1/201 5 Q2/201 5 Q3/201 5 Q4/201 5 Q1/201 6 * Rolling EBIT excluding antitrust
Slide 21: Momentum Leverage Innovation
2016 Continuity in strategy and Momentum organic growth Strict cost management and Leverage process optimisation Added value through applied Innovation innovation Growth Volumes, market share, EBIT Kuehne + Nagel Group - First quarter 2016 results April 19, 2016 p. 21
Slide 22: Slide 22
Slide 23: Upcoming events
Upcoming events May 3, 2016 Annual General Meeting May 9, 2016 Dividend payment for 2015 July 19, 2016 Half-year 2016 results October 18, 2016 Nine-months 2016 results March 1, 2017 Full year 2016 results Kuehne + Nagel Group - First quarter 2016 results April 19, 2016 p. 23
Slide 24: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 2016/2015 2016/2015 2016 2015 Change in Change in % CHF million mCHF Q1 Q1 Q1 Q1 1. Seafreight A) Income Statement Turnover 1'972 2'244 (12.1) (272) Net Turnover 1'430 1'639 (12.8) (209) Gross Profit 348 324 +7.4 24 Opex (236) (222) (6.3) (14) EBITDA 112 102 +9.8 10 De
Slide 25: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 2016/2015 2016/2015 2016 2015 Change in Change in % CHF million mCHF Q1 Q1 Q1 Q1 3. Overland A) Income Statement Turnover 749 644 +16.3 105 Net Turnover 695 587 +18.4 108 Gross Profit 220 200 +10.0 20 Opex (205) (188) (9.0) (17) EBITDA 15 12 +25.0 3 Depreciation and Am
Slide 26: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 2016/2015 2016/2015 2016 2015 Change in Change in % CHF million mCHF Q1 Q1 Q1 Q1 5. Kuehne + Nagel Group A) Income Statement Turnover 4'865 4'988 (2.5) (123) Customs duties and taxes (855) (892) +4.1 37 Net Turnover 4'010 4'096 (2.1) (86) Net expenses for services from
Slide 27: Contact Disclaimer
Contact Markus Blanka-Graff Andrea Kobi CFO Investor Relations markus.blanka@kuehne-nagel.com andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 644 Tel: +41 (0)44 7869 561 Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requeste
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