Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — 9M 2015 Earnings Presentation

24 slides from Kuehne & Nagel International's earnings presentation, Oct 13, 2015

  1. Slide 1: Analyst Conference Call – Nine-months 2015 results

    Kuehne + Nagel International AG Analyst Conference Call – Nine-months 2015 results October 13, 2015 (CET 14.00) Schindellegi, Switzerland

  2. 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

  3. Slide 3: Agenda

    Agenda Overview nine-months 2015 results Financial review Appendices Kuehne + Nagel Group - Nine-months 2015 results October 13, 2015 p. 3

  4. Slide 4: Overview nine-months 2015 results - Kuehne + Nagel Group

    Overview nine-months 2015 results - Kuehne + Nagel Group Net turnover Gross profit EBIT in CHF million in CHF million in CHF million + 3.6% + 6.7% + 13.3% 13,477 688 5,015 13,004 640 12,426 4,699 607 4,609 (4.4%) (1.9%) + 5.4% 2014 2015 2015 cc 2014 2015 2015 cc 2014 2015 2015 cc  Net turnover grow

  5. Slide 5: EBIT per business unit – Nine-months 2015

    EBIT per business unit – Nine-months 2015 Variance Variance YTD Sep Business Unit YTD Sep YTD Sep 2015/2014 2015/2014 (in CHF million) 2014 2015 in % 2015 cc1 Seafreight 300 335 11.7% 35 363 Airfreight 182 202 11.0% 20 212 Overland 18 17 (5.6%) (1) 16 Contract Logistics 107 86 (19.6%) (21) 97 Kuehne

  6. Slide 6: Development of volumes

    Development of volumes Seafreight Airfreight [TEU] ‘000 [TON] ‘000  Volume decrease of 1.1% or 31,000 TEUs yoy  Volume increase of 5.1% or 45,000 tons yoy  Yield increase of 4.4% or CHF 15 GP/TEU yoy  Yield decrease of 2.7% or CHF 2 GP/100kg yoy 996 991 996 991 994 968 317 312 304 306 937 297 29

  7. Slide 7: Seafreight - Performance of business unit

    Seafreight - Performance of business unit Income Statement YTD Sep YTD Sep Variance in CHF million 2014 2015 2015/2014 Growth Forex 1 Turnover 6'948 6'680 (3.9%) 3.1% (7.0%) Gross profit 992 1'024 3.2% 10.9% (7.7%) EBITDA 317 353 11.4% 21.2% (9.8%) EBIT 300 335 11.7% 21.0% (9.3%) EBIT in % of GP 30.

  8. Slide 8: Airfreight - Performance of business unit

    Airfreight - Performance of business unit Income Statement YTD Sep YTD Sep Variance in CHF million 2014 2015 2015/2014 Growth Forex 1 Turnover 3'087 2'979 (3.5%) 4.4% (7.9%) Gross profit 661 674 2.0% 8.5% (6.5%) EBITDA 196 217 10.7% 16.8% (6.1%) EBIT 182 202 11.0% 16.5% (5.5%) EBIT in % of GP 27.5%

  9. Slide 9: Overland - Performance of business unit

    Overland - Performance of business unit Income Statement YTD Sep YTD Sep Variance in CHF million 2014 2015 2015/2014 Growth Acquisition Forex 1 Net turnover 2'095 1'841 (12.1%) (4.8%) 3.2% (10.5%) Gross profit 680 614 (9.7%) (0.7%) 1.6% (10.6%) EBITDA 47 48 2.1% (4.3%) 8.5% (2.1%) EBIT 18 17 (5.6%)

  10. Slide 10: Overland – Acquisition of ReTrans

    Overland – Acquisition of ReTrans ReTrans is a fast growing, non-asset U.S. Overland provider and complements Kuehne + Nagel’s offering in North America Highlights Rationale for the acquisition  ReTrans is a non-asset  ReTrans’ intermodal business will enable Kuehne + Nagel to enter into this fast

  11. Slide 11: Contract Logistics - Performance of business unit

    Contract Logistics - Performance of business unit Income Statement YTD Sep YTD Sep Variance in CHF million 2014 2015 2015/2014 Growth Forex 1 Net turnover 3,259 3,163 (2.9%) 5.8% (8.7%) Gross profit 2,366 2,297 (2.9%) 6.2% (9.1%) EBITDA 183 159 (13.1%) (2.2%) (10.9%) EBIT 107 86 (19.6%) (9.3%) (10.3

  12. Slide 12: Agenda

    Agenda Overview nine-months 2015 results Financial review Appendices Kuehne + Nagel Group - Nine-months 2015 results October 13, 2015 p. 12

  13. Slide 13: Income statement

    Income statement 2014 2014 2014 YTD Sep 2015 2015 2015 YTD Sep Variance Variance in % CHF million Acquisi- Q1 Q2 Q3 2014 Q1 Q2 Q3 2015 2015/2014 Q1 Q2 Q3 2015/2014 Growth tion Forex 1 Net turnover 4'127 4'373 4'504 13'004 4'096 4'129 4'201 12'426 (578) (31) (244) (303) (4.4%) 3.2% 0.5% (8.1%) Gross

  14. Slide 14: Financial overview and Financial targets 2015

    Financial overview Financial targets 2015 YTD Sep YTD Sep CHF million 2014 2015 Profitability  Group EBIT margin to net turnover ≥ 5% Net turnover 13'004 12'426 Gross profit 4'699 4'609 EBITDA 743 777 CAPEX  2015: CHF 210 million (2014: CHF 196 million) EBIT 607 640 EBIT margin to net turnover 4.7

  15. Slide 15: Financial review - Balance sheet

    Financial review - Balance sheet 31 December 30 Sep 31 December 30 Sep CHF million 2014 2015 2014 2015 Assets Liabilities and equity Property, plant and equipment 1,175 1,111 Equity attributable to the equity 2,448 1,927 holders of the parent company Goodwill 695 769 Other intangibles 49 109 Non-con

  16. Slide 16: Financial review - Cash flow nine-months

    Financial review - Cash flow nine-months CHF million 2014 2015 Variance Operational cash flow 751 779 28 Changes in working capital (74) (43) 31 Income taxes paid (159) (128) 31 Cash flow from operating activities 518 608 90 Cash flow from investing activities (96) (350) (254) Cash flow from financi

  17. Slide 17: Financial review - Working capital development

    Financial review - Working capital development Better/(worse) September December September September 15 CHF million 2014 2014 2015 vs. December 14 Trade receivables & Work in progress 3'067 2'993 2'883 110 Trade payables & Accrued trade expenses (2'272) (2'351) (2'169) (182) Net working capital 795

  18. Slide 18: Return on capital employed

    Return on capital employed 72% 70% 70% 68% 69% 66% 64% 64% 62% 60% 60% 58% 58% 56% 56% 54% 55% 52% 53% 50% 51% 48% 49% 48%* 48% 46% 47%* 44% 42% 40% Q3/201 2 Q4/201 2 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 ‘ * Rolling EBIT excluding EU Anti

  19. Slide 19: Appendices

    KUEHNE+NAGEL Appendices

  20. Slide 20: Upcoming events

    Upcoming events March 2, 2016 Full year 2015 results April 19, 2016 Three-months 2016 results May 3, 2016 Annual General Meeting July 19, 2016 Half-year 2016 results October 18, 2016 Nine-months 2016 results Kuehne + Nagel Group - Nine-months 2015 results October 13, 2015 p. 20

  21. Slide 21: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 1. Seafreight A) Income Statement Turnover 2,244 2,200 2,236 6,680 2,154 2,308 2,486 6,948 +4.2 (4.7) (10.1) (3.9) 90 (108) (250) (268)

  22. Slide 22: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 3. Overland A) Income Statement Turnover 644 652 717 2,013 754 784 739 2,277 (14.6) (16.8) (3.0) (11.6) (110) (132) (22) (264) Net Turno

  23. Slide 23: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 4,988 4,998 5,118 15,104 5,029 5,328 5,494 15,851 (0.8) (6.2) (6.8) (4.7) (41) (330

  24. Slide 24: Contact and 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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