S.f. Holding Co., Ltd. Class A · SZSE:002352
S.f. Holding Co., Ltd. Class A — Investor Presentation (2024)
25 slides from S.f. Holding Co., Ltd. Class A's investor presentation, 2024
Slide 1: 1H2024 Investor Presentation
Stock Ticker 002352.SZ S.F. Holding 1H2024 Investor Presentation 1
Slide 2: Disclaimer
Disclaimer This document is prepared by S.F. Holding Co., Ltd. (顺丰控股股份有限公司 ) the "Company"). By reading this document, you agree to be bound by the following limitations: • Unauthorized duplication, reproduction, transmission or redistribution of this document or information contained herein in any
Slide 3: Agenda – 1H2024 Investor Presentation
Agenda – 1H2024 Investor Presentation # Section 1 Business Overview 2 Financial Overview 3 Q&A Business Overview Financial Overview Q&A 3
Slide 4: With Resilience across Cycles, Delivered Outstanding Performance
With Resilience across Cycles, Delivered Outstanding Performance Resilience across Cycles Delivered Outstanding Performance Client Demands SF’s Differentiated Capabilities E-commerce Platforms Most Comprehensive Product Offerings Competing on Services + High Network Density Reduce Logistics Great Va
Slide 5: Strengthened Resilience: Time-definite Express
Strengthened Resilience: Time-definite Express Differentiated Value-for-Money through High Service Quality Parcel Volume Growth Outperforms GDP Upgrade Short-Haul Enhance Long-Haul Timeliness Half-Day Services Time-definite express parcel volume growth 10% Half-day HK-SZ delivery GDP growth 5% 1 Hal
Slide 6: Strengthened Resilience: Economy Express
Strengthened Resilience: Economy Express Expanded Scale Effect through Granular Product Categorization Stable Growth in Parcel Volume Increase market share of core product - Economy parcel volume growth (excl. Fengwang) E-commerce standard express Increased Key E-commerce regions Integrated warehous
Slide 7: Strengthened Resilience: Freight
Strengthened Resilience: Freight Drove Growth Flywheel through Cost-Reduction and Efficiency Enhancement Market Scale share Increase Leadership >60k tons Increased >25% Increased Scale 2024H1 Gains 2024H1 Average Daily Volume1 Market Share by Volume2 Reinforce Leadership Deepen Penetration Increase
Slide 8: Strengthened Resilience: Intra-City Business
Strengthened Resilience: Intra-City Business Doubled Net Profit with High-Quality Revenue Growth Non-F&B Lower-Tier Cities2 Intra-city YoY Scenario & Counties3 19% Revenue1 Growth 32% YoY Revenue 51% YoY Revenue Growth Growth Merchants / Individuals Couriers • Drive full-scenario growth by continuou
Slide 9: Strengthened Resilience: Supply Chain & International
Strengthened Resilience: Supply Chain & International Expanded into Multiple Scenarios Driven by China Businesses Going Overseas End-to-end Supply Chain Solutions to Empower Efficient International Express to Serve Overseas expansion of Businesses Consumption Scenarios Empower Multiple Industries De
Slide 10: Supply Chain & International: Empowered Production Capacities / Brands to Go Overseas
Strengthened Resilience: Supply Chain & International Empowered Production Capacities / Brands to Go Overseas Empower Production Capacities Going Overseas Case study of a leading new energy vehicle company in China Covering full cycle including procurement, production, sales and after-sales, 2024H1
Slide 11: Lean Operations: Ezhou Air Cargo Hub
Lean Operations: Ezhou Air Cargo Hub Boosted Cargo Volume Growth with Unparalleled Resources Edge Drive Growth through Capacity Enhancement Cumulative Routes Launched 55 13 Domestic Hub-and-spoke mode Aviation network across the globe Domestic routes International routes Better timeliness, wider cov
Slide 12: Lean Operations: Multi-network Integration
Lean Operations: Multi-network Integration Maximized Network Synergies to Drive Quality Improvement and Cost Reduction Transportation Sortation Last-mile Integration Integration Integration Continuous Cost Reduction1 Site planning Multi-function Route integration integration outlets Consolidate, s
Slide 13: Lean Operations: Transportation
Lean Operations: Transportation Precise Management Drove Cost Reduction and Efficiency Enhancement >90% % of Stable-cost Transportation Resources2 Improve Optimize Enhance Vehicle Efficiency Drivers’ Efficiency Planning Flexibility Upgrade Sorting Mode Lowered YoY Control Intelligent Scheduling Remo
Slide 14: Lean Operation: Sortation
Lean Operation: Sortation Revitalized Resources and Innovated Process to Reduce Cost and Enhance Efficiency Revitalize Resources +6 ppts Capacity utilization rate1 Ship Directly from Increase Volume to Expand Usable Space Customer to Sorting Site Reduce Idle Time Vertically Lowered YoY Sortation cos
Slide 15: Stimulated Organization Vitality: Courier Management
Stimulated Organization Vitality: Courier Management Initiated Multiple Measures to Stimulate Revenue Generation AIGC-Empowered Courier Smart Service Center Encourage Business Utilize Tools to Enhance Authorize Promotion >20k Development Stickiness Flexibly Average daily number of Revenue questions
Slide 16: Stimulated Vitality: Developed Proactiveness and Ownership
Stimulated Vitality: Developed Proactiveness and Ownership, Sharpened Competitiveness and Effectiveness Energize Frontline Operations Activate Headquarters' Frontline Services ① Increase Authorization ② Deepen Integration with Frontline Operations Pick up & Courier A Delivery Align planning with act
Slide 17: Agenda – 1H2024 Investor Presentation
Agenda – 1H2024 Investor Presentation # Section 1 Business Overview 2 Financial Overview 3 Q&A Business Overview Financial Overview Q&A 17
Slide 18: 1H2024 Results: Net Profit Attributable to the Parent Company Grew Robustly
1H2024 Results: Net Profit Attributable to the Parent Company Grew Robustly 1H2024 2Q2024 Net Profit Attributable to the Parent Company Unit: RMB100 million YoY Growth YoY Growth 6.3% 9.5% 55.0 Volume1 6.24 YoY Growth 2 3.27bn YoY Growth 2 48.1 bn parcels (excl. Fengwang ) bn parcels (excl. Fengwang
Slide 19: Revenue and Volume Achieved Steady Growth
Revenue and Volume Achieved Steady Growth International Growth Outpaced Domestic Growth Parcel Volume Grew Steadily SF SF 34.5% 29.1% -3.4% -4.4% 8.1% 29.7% 5.5% 7.5% 14.6% 6.3% Growth1 Growth1 Express & Logistics Parcel Volume Revenue -excl. Fengwang Express & Logistics 3500 Supply Chain & Internat
Slide 20: Revenue Breakdown: Balanced Mix Underpinned High-Quality Revenue Growth
Revenue Breakdown: Balanced Mix Underpinned High-Quality Revenue Growth 2.8% 3.1% Time-Definite Express Economy Express 23.2% 23.2% Freight 45.1% 44.0% Cold Chain & Pharmaceuticals 2023H1 2024H1 2.7% 2.9% Intra-City On-Demand Delivery 4.3% 3.8% Supply Chain and International 12.2% 13.1% 9.8% 9.9% Ot
Slide 21: Gross Profit and Margin: Lean Operations Drove Improvements
Gross Profit and Margin: Lean Operations Drove Improvements 450.00 16.0% Annual 400.00 Gross Profit and Gross Margin Unit: RMB100 million External Environment 350.00 15.0% 300.00 13.9% 13.5% 14.0% Domestic: Enterprises and consumers pursue more cost-effective services 250.00 200.00 13.0% Gross Profi
Slide 22: Costs: Operating Costs as % of Revenue Improved
Costs: Operating Costs as % of Revenue Improved Labor Costs and Transportation Costs and Other Operating Costs and as % of Revenue Unit: RMB100 million as % of Revenue Unit: RMB100 million as % of Revenue Unit: RMB100 million incl. KLN 1,000.00 excl. KLN ↑0.8ppts 48.00% 900.00 excl. KLN 43.00% 1000
Slide 23: Net Profit & Expenses: Expenses as % of Revenue Decreased Moderately
Net Profit & Expenses: Expenses as % of Revenue Decreased Moderately, and Net Margin Improved Net Profit and Margin Attributable to G&A Expense S&M Expense the Parent Company Unit: RMB100 million as % of Revenue ↓0.5 ppts as % of Revenue ↓0.03 ppts 80 4.20% 70 3.6% 3.70% 3.4% 60 profit Net 3.20% att
Slide 24: Capital Structure & Cash Flow: Healthy Capital Structure
Capital Structure & Cash Flow: Healthy Capital Structure, with Lowered CapEx as % of Revenue Capital Structure (RMB100mm) Net Cash Flow (RMB100mm) Capital Expenditure (RMB100mm) Capital Expenditure YoY % ↓8.4% 65 60.0% 59 ↓7.8% 55 54.1% 54.7% 55.0% 3000 53.4% 53.4% 48.9% 50.0% 138 137 2500 2022H1
Slide 25: Create a digital ecosystem, empower global customers
Create a digital ecosystem, empower global customers Foster shared growth, celebrate better life Building a digital smart supply chain ecosystem, laying the foundation for reshaping global business civilization and production, enabling global enterprises to achieve excellence! Providing consumers wi