Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q1 2020 Earnings Presentation
14 slides from Landstar System's earnings presentation, Apr 22, 2020
Slide 1: Landstar System, Inc. Earnings Conference Call First Quarter 2020
April 22, 2020 Landstar System, Inc. Earnings Conference Call First Quarter 2020 Date Published: 04/22/2020 Exhibit 99.2
Slide 2: Safe harbor statement
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made during this presentation that are not based on historical facts are “forward looking statements.” During this presentation, I may make certain statements, containing forward-looking
Slide 3: Model Definition
Model Definition Landstar is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third party capacity providers and employees. Date Published: 04/22/2020
Slide 4: The Network
The Network Landstar Employees Approx. 1,300 Agents Approx. 1,200 Customers 25,000+ Capacity 65,000+ 2019 Results $4.1 billion in revenue 2.1 million loadings 555 million dollar agents 10,243 BCO trucks (2019 year-end) 56,317 Carriers (2019 year-end) 17,000+ Trailers (2019 year-end) Date Published:
Slide 5: Percentage of Revenue 1Q19 1Q20
Percentage of Revenue 1Q19 1Q20 Truck Transportation Truckload Van equipment 60% 59% Unsided/platform equipment 30% 31% Less-than-truckload 2% 2% Rail intermodal 3% 3% Ocean and air cargo 3% 3% Transportation Management Services Date Published: 04/22/2020
Slide 6: Revenue by transportation type
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 04/22/2020 Quarter Quarter
Slide 7: Truckload Loadings and Revenue per Load
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 04/22/2020
Slide 8: Industries Served
As a Percentage of Revenue 1Q19 1Q20 Quarter over Prior Year Quarter Change in Revenue Consumer Durables 24.8 23.9 -14% Machinery 13.6 13.4 -12% Automotive 8.6 7.4 -23% Building Products 8.4 9.1 -3% Metals 6.3 5.9 -17% AA&E, Hazmat 8.7 9.1 -6% Foodstuffs 4.0 4.7 5% Energy 2.4 3.4 27% Other 23.2 23.1
Slide 9: Gross Profit and Gross Profit Margin
Gross profit equals revenue less the cost of purchased transportation and commissions to agents. Gross profit margin equals gross profit divided by revenue. Revenue on transactions with a fixed gross profit margin was 50% and 52% of revenue in the 2019 and 2020 first quarters, respectively. Gross Pr
Slide 10: Operating Income and Operating Margin
Operating margin equals operating income divided by gross profit. Operating Income and Operating Margin (1) ($’s in thousands) Date Published: 04/22/2020 Quarter 52.0% 37.8% 10 Quarter
Slide 11: Truck Capacity Data
Date Published: 04/22/2020 Truck Capacity Data (All information is provided as of the end of the period)
Slide 12: Key Balance Sheet and Cash Flow Statistics
(1) Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Date Published: 04/22/2020 Key Balance Sheet and Cash Flow Statistics ($’s in thousands)
Slide 13: Free Cash Flow, Stock Purchases and Dividends
Free Cash Flow (1) , Stock Purchases and Dividends Date Published: 04/22/2020 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide.
Slide 14: DESIGNED TO RESPOND
DESIGNED TO RESPOND SUIT TO DELIVER’ Dubtished: 04/22/2020