C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q1 2015 Earnings Presentation
16 slides from C.h. Robinson Worldwide's earnings presentation, Apr 27, 2015
Slide 1: Earnings Conference Call – First Quarter 2015
Exhibit 99.2 Earnings Conference Call – First Quarter 2015 April 28, 2015 John Wiehoff, Chairman & CEO Chad Lindbloom, CFO & CIO Tim Gagnon, Director, Investor Relations
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for the historical information contained herein, the matters set forth in this presentation and the accompanying earnings release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-loo
Slide 3: Results Q1 2015
Results Q1 2015 in thousands, except per share amounts Three months ended March 31 2015 2014 % Change Total revenues $3,300,890 $3,142,585 5.0% Total net revenues $525,110 $457,235 14.8% Income from operations $181,925 $156,971 15.9% Net income $106,476 $93,187 14.3% Earnings per share $0.73 $0.63 1
Slide 4: Transportation Results Q1 2015
Transportation Results Q1 2015 TRANSPORTATION in thousands Three months ended March 31 2015 2014 % Change Total revenues $2,947,257 $2,806,777 5.0% Total net revenues $495,145 $430,389 15.0% Net revenue margin 16.8% 15.3% 9.6% TRANSPORTATION NET REVENUE MARGIN PERCENTAGE 2006 2007 2008 2009 2010 201
Slide 5: Truckload Results Q1 2015
Truckload Results Q1 2015 Year over year change North America TRUCKLOAD NET REVENUES in thousands Truckload Quarter Three months ended March 31 Volume 6% 2015 2014 % Change Approximate pricing* 6% $298,380 $272,347 9.6% Approximate cost* 6% Net revenue margin *Pricing and cost measures exclude the e
Slide 6: LTL Results Q1 2015
LTL Results Q1 2015 Year over year change LTL NET REVENUES in thousands LTL Quarter Three months ended March 31 2015 2014 % Change Volume 28% $85,370 $60,138 42.0% Pricing Net revenue margin Freightquote added approximately 34 percentage points to our LTL net revenue growth in the first quarter of 2
Slide 7: Intermodal Results Q1 2015
Intermodal Results Q1 2015 Year over year change INTERMODAL NET REVENUES in thousands INTERMODAL Three months ended March 31 Quarter 2015 2014 % Change Volume 14% $10,512 $8,940 17.6% Pricing Net revenue margin Freightquote added approximately 10 percentage points to our intermodal net revenue growt
Slide 8: Global Forwarding Results Q1 2015 Ocean, Air and Customs
Global Forwarding Results Q1 2015 Ocean, Air and Customs NET REVENUES in thousands Three months ended March 31 2015 2014 % Change Ocean $50,190 $43,612 15.1% Air $20,639 $17,454 18.2% Customs $10,263 $9,332 10.0% Year over year change Year over year change OCEAN Quarter AIR Quarter Volume Volume Pri
Slide 9: Other Logistics Services Results Q1 2015
Other Logistics Services Results Q1 2015 NET REVENUES in thousands Three months ended March 31 2015 2014 % Change $19,791 $18,566 6.6% Other Logistics Services net revenues include transportation managed services, warehousing and small parcel. Freightquote added approximately 2 percentage points to
Slide 10: Sourcing Results Q1 2015
Sourcing Results Q1 2015 SOURCING NET REVENUES in thousands Three months ended March 31 2015 2014 % Change Total revenues $353,633 $335,808 5.3% Total net revenues $29,965 $26,846 11.6% Net revenue margin 8.5% 8.0% 5.3% Net revenue growth driven by a 9% case volume increase across a variety of commo
Slide 11: Summarized Income Statement
Summarized Income Statement in thousands Three months ended March 31 2015 2014 % Change Total revenues $3,300,890 $3,142,585 5.0% Total net revenues 525,110 457,235 14.8% Personnel expenses 255,144 220,297 15.8% Selling, general & admin 88,041 79,967 10.1% Total operating expenses 343,185 300,264 14
Slide 12: Other Financial Information
Other Financial Information in thousands CASH FLOW DATA Three months ended March 31 2015 2014 % Change Net cash provided by operating activities $100,395 $14,440 595.3% Capital expenditures, net $6,666 $12,595 -47.1% BALANCE SHEET DATA • Strong cash flow quarter March 31, 2015 • Total debt balance $
Slide 13: Capital Distribution
Capital Distribution in thousands 2010 2011 2012 (a) 2013 2014 Q1 2015 Net income $387,026 $431,612 $447,007 $415,904 $449,711 $106,476 Capital distribution Cash dividends paid $168,902 $194,697 $219,313 $220,257 $215,008 $57,335 Share repurchases 157,381 250,274 255,849 807,449 (b) 176,645 47,254 S
Slide 14: A look ahead
A look ahead 2015 outlook is progressing as planned Margin comparisons become more challenging April to date, total company net revenue has increased approximately 6 percent per business day when compared to April to date in 2014 Areas of focus in 2015 Freightquote performance and integration is goi
Slide 15: Appendix A: 2012 Summarized Adjusted Income Statement
Appendix A: 2012 Summarized Adjusted Income Statement In thousands, except per share amounts Twelve months ended December 31, 2012 Non-recurring Non-recurring 2012 Actual Adjusted Acquisition Impacts Divestiture Impacts Total net revenues $1,717,571 $1,717,571 Personnel expenses (1) 766,006 -385 -34
Slide 16: C.H. Robinson
® C.H. ROBINSON CA
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