Ntg Nordic Transport Group A/s · OMXCOP:NTG
Ntg Nordic Transport Group A/s — Q3 2023 Earnings Presentation
20 slides from Ntg Nordic Transport Group A/s's earnings presentation, November 2023
Slide 1: Q3 2023 Roadshow
Q3 2023 Roadshow NTG Nordic Transport Group November 2023
Slide 2: Information
Information This presentation has been prepared for information purposes only. This presentation (i) is Forward-looking statements may include, but are not limited to, projections of revenue, by necessity a summary of more detailed information, (ii) is not intended and should not statements relating
Slide 3: Today’s presenters
Today’s presenters MICHAEL LARSEN CHRISTIAN D. JAKOBSEN Group CEO Group CFO 3
Slide 4: Agenda
Highlights Financial review AGENDA Other key figures Outlook & mid-term target Appendix 4
Slide 5: Q3 2023 highlights
Highlights Financial review Other key figures Q3 2023 highlights Outlook & mid-term target Appendix PERSISTENTLY VOLUMES UNDER NO SIGNS OF HEADWINDS AND 2023 GUIDANCE CHALLENGING MARKETS CONTINUED IMPROVEMENT IN UNCERTAINTY FROM MAINTAINED FOR BOTH DIVISIONS PRESSURE RATES MACRO 5
Slide 6: Financial review: Group (I/II)
Highlights Financial review Other key figures Financial review: Group (I/II) Outlook & mid-term target Appendix Q3 YTD COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ Challenging market Net revenue 1,963 2,821 (30.4)% 6,337 7,728 (18.0)% conditions persist for both Gross profit 444 533 (16.7)% 1,403 1,494 (
Slide 7: Financial review: Group (II/II)
Highlights Financial review Other key figures Financial review: Group (II/II) Outlook & mid-term target Appendix Gross margin Conversion ratio Operating margin 24% 50% 11% 45.2% 10.3% 22.9% 23% 45% 10% 22.6% 22% 22.5% 40% 9% 21% 36.3% 8.2% 35% 8% 20% 30% 33.1% 7% 7.5% 19% 25% 6% 18% 17% 20% 5% 16% 1
Slide 8: Financial review: Road & Logistics
Highlights Financial review Other key figures Financial review: Road & Logistics Outlook & mid-term target Appendix Q3 YTD COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ The market continued to Net revenue 1,459 1,752 (16.7)% 4,682 5,222 (10.3)% weaken in Q3 2023, with pre- Gross profit 329 355 (7.3)% 1,03
Slide 9: Financial review: Air & Ocean
Highlights Financial review Other key figures Financial review: Air & Ocean Outlook & mid-term target Appendix Q3 YTD COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ Challenging market Net revenue 503 1,069 (52.9)% 1,654 2,506 (34.0)% conditions with overcapacity Gross profit 115 178 (35.4)% 366 404 (9.4)%
Slide 10: Other key figures
Highlights Financial review Other key figures Other key figures Outlook & mid-term target Appendix Net working capital (DKKm) Adjusted free cash flow1 (DKKm) Net interest-bearing debt2 (DKKm) 367 361 390 262 223 201 220 45 73 28 (22) (51) (73) (165) (140) 30-Jun-23 31-Mar-23 30-Sep-22 30-Sep-23 31-D
Slide 11: Full-year outlook 2023
Highlights Financial review Other key figures Full-year outlook 2023 Outlook & mid-term target Appendix DKKm 2022 realised 2023 outlook Adjusted EBIT 758 600 - 650 Key assumptions ▪ The outlook reflects that the normal seasonal uptick in activity in the last quarter of the year does not seem to mate
Slide 12: Medium-term financial target: DKK 1 billion
Highlights Financial review Other key figures Medium-term financial target Outlook & mid-term target Appendix Target DKK 1 billion in adjusted EBIT no later than 2027. Key assumptions ▪ NTG will strive to achieve the medium-term target with organic growth and M&A, financed by the cash flow and credi
Slide 13: Appendix
Appendix 7]
Slide 14: Business model of NTG
Highlights Financial review Other key figures Business model of NTG Outlook & mid-term target Appendix NTG core competencies Contract logistics/ Last mile Shipper Contract logistics cross-docking freight Consignee Freight forwarding ✓ Asset-light business model ✓ Focus on road, air, and ocean freigh
Slide 15: NTG at a glance
Highlights Financial review Other key figures NTG at a glance Outlook & mid-term target Appendix Business segments1 Founded Revenue1 (DKK) Road & 2011 10.2bn Logistics 34% 2022 revenue 66% Employees2 Revenue CAGR 2018-2022 Air & Ocean 1,963 23% Road & Logistics Air & Ocean Geographical footprint1 Op
Slide 16: Five-year overview
Highlights Financial review Other key figures Five-year overview Outlook & mid-term target Appendix Net revenue (DKKm) Adjusted EBIT (DKKm) Adjusted free cash flow (DKKm) 7.4% 7.4% 10,224 714 23% 4.9% 4.2% 3.9% 758 7,302 600-650 5,332 5,332 542 4,512 314 288 208 261 189 115 110 2018 2019 2020 2021 2
Slide 17: The history of NTG
Highlights Financial review Other key figures The history of NTG Outlook & mid-term target Appendix 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Rapid expansion Country entry # New start-ups 2 2 1 2 5 4 5 2 6 4 - 2 DK Nordics EAT Solution ATS Cargo Kettermann TAK EAT CargoWorld HC Sch
Slide 18: Global network of 63 subsidiaries in 22 countries
Highlights Financial review Other key figures Global network of 63 subsidiaries in 22 countries Outlook & mid-term target Appendix Overview of operational subsidiaries Operational subsidiaries by region 31 4 1 2 Northern Europe East Asia 10 28 Western Europe Rest of World 8 3 Eastern Europe North Am
Slide 19: Multiple avenues for future growth
Highlights Financial review Other key figures Multiple avenues for future growth Outlook & mid-term target Appendix Acquisitions Accelerate growth by leveraging 3 M&A execution competencies. Establish new Add scale, new product 2 Establish newstart-ups using start-ups offerings, and new geographies.
Slide 20: NTG Nordic Transport Group A/S contact details
The NTG Nordic Transport Group A/S Investor relations Press Hammerholmen 47 Christian D. Jakobsen Camilla Marcher Lydom DK-2650 Hvidovre Group CFO Investor Relations & Corporate Communication Manager www.ntg.com CVR no. 12546106 +45 4212 8099 +45 4212 8090 ir@ntg.com press@ntg.com
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