S.f. Holding Co., Ltd. Class A · SZSE:002352
S.f. Holding Co., Ltd. Class A — Q1 2023 Earnings Presentation
29 slides from S.f. Holding Co., Ltd. Class A's earnings presentation, 2023
Slide 1: S.F. Holding Corporate Overview 2023Q1
Ticker SZ.002352 S.F. Holding Corporate Overview 2023Q1
Slide 2: Disclaimer
Disclaimer This presentation was prepared by S.F. Holding Co., Ltd. (the "Company") for results marketing purposes only and your viewing of this presentation indicates that you have confirmed and agreed to the following restrictions: The information contained in this presentation may change and the
Slide 3: Contents
CONTENTS Company and Industry Overview Financial Data Core Competitiveness ESG Development Strategy
Slide 4: S.F. Holding: the Largest Express Logistic Group in China
S.F. Holding: the Largest Express Logistic Group in China Providing domestic and international end-to-end integrated logistics services International International Supply chain 214.1bn express freight forwarding Total assets by the end of 2023Q1 Time-definite Economy Freight Cold chain and Intra-cit
Slide 5: Business Overview: Comprehensive Product Matrix with End-to-end Integrated Logistics
Business Overview: Comprehensive Product Matrix with End-to-end Integrated Logistics Capabilities Time-definite Freight Cold chain and express pharmaceutical 1st 1st Market 9 consecutive years Whole-process time limit 1st 3 consecutive years China LTL service provider by revenue 2 1st 4 consecutive
Slide 6: Company Development: Long-termism and Continuous Iterative Learning Ability
Company Development: Long-termism and Continuous Iterative Learning Ability A leader in mid-to-high end A top runner in integrated logistics Recently express market Acquisition of Deutsche Post DHL Greater China supply chain business SZSE listing Hubei International Logistics Core Hub Project launch
Slide 7: Industry Policy: Strong National Support, New Vision and New Mission
Industry Policy: Strong National Support, New Vision and New Mission Facilitate a smooth, efficient, inclusive and convenient domestic delivery logistics service system Create an open, shared, safe and reliable international delivery logistics service system Infrastructure of the Develop an independ
Slide 8: Industry Space: Huge upside with Market Concentration to Ramp-up
Industry Space: Huge upside with Market Concentration to Ramp-up 小公司 Logistics Nourished Economies of Scale and Huge but Fragmented Market in a Large Country Network Effects Low market concentration: Leading Demand Economies of scale: enterprises account for less than 2% 15% The cost of social logis
Slide 9: Industry Characteristics: First-Mover Advantage Endowed by Profound Resources and Capabilities
Industry Characteristics: First-Mover Advantage Endowed by Profound Resources and Capabilities First-mover advantage due to scarce resources and huge capital investment • Network resource • Asset resource Aircraft Vehicle Network Customer Resource • Customer resource barrier • Lower cost but higher
Slide 10: Core Competitiveness
Core Competitiveness Highly-efficient and Reliable Pioneering and Forward-looking Industry-leading Experienced Logistics Infrastructure Comprehensive Strategic Layout Technology Strength International Management Team Company and Industry Overview Core Competitiveness Development Strategy Financial D
Slide 11: Highly-efficient and Reliable Logistics Infrastructure – Full-scale Scenario Coverage
Highly-efficient and Reliable Logistics Infrastructure – Full-scale Scenario Coverage “Capillaries” that serve every aspect of manufacturing and living consumption Serving monthly-settled customers 1.81 million Individual members 585 million Company and Industry Overview Core Competitiveness Develop
Slide 12: Highly-efficient and Reliable Logistics Infrastructure - Logistics Resources
Highly-efficient and Reliable Logistics Infrastructure - Logistics Resources Aviation Aircraft Warehouse Ground Network 97all-cargo aircrafts 2,071 managed warehouses over 10 Network 731 pilots million sq.m. 287 traffic slots Including 1,431 overseas warehouses over 2.9 million sq.m. 93 franchised w
Slide 13: Highly-efficient and Reliable Logistics Infrastructure - Brand Effect
Highly-efficient and Reliable Logistics Infrastructure - Brand Effect A brand of high time efficiency, high reliability, high customer satisfaction rate and high-level experience Strong management and control business model with both stability and flexibility High time efficiency High customer High-
Slide 14: Pioneering and Forward-looking Strategic Layout - Independent, Trustworthy, Open and Inclusive
Pioneering and Forward-looking Strategic Layout - Independent, Trustworthy, Open and Inclusive More More diverse trustworthy More beneficial More diversified business volume Technology enabler that promotes Keep customer and customer base, continue to industrial upgrading, and helps global data safe
Slide 15: Pioneering and Forward-looking Strategic Layout - Quick Incubation
Pioneering and Forward-looking Strategic Layout - Quick Incubation Emerging business: the comprehensive logistics layout is achieved step by step, and emerging business segments have gradually taken the leading position in the market Revenue % of new biz 10% 14% 19% 26% 28% 40% 51% 40% 51% Quick inc
Slide 16: Pioneering and Forward-looking Strategic Layout - Asian Market as Foundation
Pioneering and Forward-looking Strategic Layout - Asian Market as Foundation and Radiating the Global Market Complementary Expanding Business Delivering Sharing business global network driven by international customer advantages technology talents resources End-to-end whole- Global ocean countries a
Slide 17: Industry-leading Technological Strength - Digital Intelligent Supply Chain Solution
Industry-leading Technological Strength - Digital Intelligent Supply Chain Solution Customer portrait End Supplier Demand forecast solution customer Cycling pick-up solution Inbound logistics arrangement and loading optimization in the procurement process Store selection solution Offline store Facto
Slide 18: Experienced International Management Team
Experienced International Management Team Dick WONG Alex HO Tina WONG Founder, Chairman & General Manager Director, Deputy General Manager & Director & CHO CFO Founder of SF Former CFO of Sohu Changyou Former Senior Partner of Roland Lead SF into China’s largest express CPA in Hong Kong and USA Berg
Slide 19: Development Strategy
Development Strategy Digital intelligent Globalization supply chain Connecting the world with the Starting from cooperation Data technology service Drive the customer’s supply operation of Ezhou Airport with KLN of independent third- chain system towards party industry solutions “efficiency-oriented
Slide 20: Q1 2023 Results: The highest Q1 net profit attributable to the parent company
Q1 2023 Results: The highest Q1 net profit attributable to the parent company under the weak international freight market The highest Q1 net profit attributable to the parent Financial Highlights company since listing Unit: RMB100mm Volume (shipments)1 YoY growth 2.89 billion 18.2% Revenue YoY growt
Slide 21: Gross Profit and Margin: Recovery Driven By Lean Operations
Gross Profit and Margin: Recovery Driven By Lean Operations 800.00 13.0% 700.00 Gross Profit and Margin by year 12.8% External Environment 600.00 12.6% Unit: RMB100mm Domestic production and consumer demand growth slowed down in 500.00 12.5% 12.4% 12.4% 2022, and recovered gradually in Q1 2023 12.2%
Slide 22: Revenue Breakdown: Balanced Revenue Mix and Enhanced Integrated Logistics Service Capabilities
Revenue Breakdown: Balanced Revenue Mix and Enhanced Integrated Logistics Service Capabilities 1.7% 2.0% Time-Definite Express 18.9% Economy Express 32.8% Freight 2.4% 39.5% Unit: RMB100mm 3.8% 2021 47.8% 2022 Cold Chain and Pharmaceuticals Intra-City On-Demand Delivery 13.2% Supply Chain and Intern
Slide 23: Volume and Revenue
Volume and Revenue Annual volume Quarterly volume (billion) (billion) Market share 10.1% 10.4% 10.7% SF YoY 5.5% 12.7% 18.2% Industry YoY 2.1% -3.0% 11.0% Annual revenue Quarterly revenue (billion RMB) (billion RMB) Market share 25.3% 23.7% 23.6% SF YoY 29.1% -4.2% -3.1% Industry YoY 2.3% -0.8% 8.2%
Slide 24: Operating Cost and Gross Profit
Operating Cost and Gross Profit Annual operating cost Quarterly operating cost (billion RMB) (billion RMB) 234.1 181.6 128.8 74.6 92.7 56.9 2017 2018 2019 2020 2021 2022 YoY As % of revenue Annual gross profit Quarterly gross profit (billion RMB) (billion RMB) 33.4 25.2 25.6 16.3 19.5 14.4 2017 2018
Slide 25: Expenses
Expenses Annual three expense items Quarterly three expense items (billion RMB) 22.1 (billion RMB) 19.4 Financial cost 14.7 12.4 10.5 Sales expense 8.4 Management expense 2017 2018 2019 2020 2021 2022 YoY As % of revenue Annual R&D cost Quarterly R&D cost (billion RMB) (billion RMB) 2.2 2.2 1.7 1.0
Slide 26: Net Profit Attributable to Equity Holders of the Company and Adjusted Net Profit
Net Profit Attributable to Equity Holders of the Company and Adjusted Net Profit Annual net profit attributable to equity Quarterly net profit attributable to equity holders of the company holders of the company (billion RMB) (billion RMB) 7.3 5.8 6.2 4.8 4.6 4.3 2017 2018 2019 2020 2021 2022 YoY Ne
Slide 27: Asset Structure, Cash Flow and Rating
Asset Structure, Cash Flow and Rating Asset structure (billion RMB) Net Cash flow (billion RMB) Bond Credit Rating A3 A- A- Company and Industry Overview Core Competitiveness Development Strategy Financial Data ESG 27
Slide 28: ESG: Focus on Employee Care and Build Green Logistics
ESG: Focus on Employee Care and Build Green Logistics Carbon efficiency improved by1 • Promote “go-green” to create sustainable logistics across the life cycle Environmental Pursuing a carbon-free future 55% Carbon footprint • Build standard carbon management system to realize digital management and
Slide 29: Build a digital ecosystem and fulfil global customers' goal
Build a digital ecosystem and fulfil global customers’ goal Realize common prosperity and enjoy a better life Build a smart supply chain ecology in the digital time, become the foundation of reshaping global business civilization and production solution, and help global enterprises achieve excellenc