Hamburger Hafen Und Logistik Ag · XETR:HHFA

Hamburger Hafen Und Logistik — H1 2015 Earnings Presentation

20 slides from Hamburger Hafen Und Logistik's earnings presentation, Aug 13, 2015

  1. Slide 1: Interim Results January – June 2015

    HAMBURGER HAFEN UND LOGISTIK AG INTERIM RESULTS JANUARY – JUNE 2015 Analyst Conference Call, 13 August 2015 Interim Results Berenberg Commerzbank& Goldman Sector January Conference Sachs – June German 2015 WeekCorporate –© August Hamburger © Hamburger Conference 2013Hafen © Logistik und Hamburger Ha

  2. Slide 2: Disclaimer

    Disclaimer The facts and information contained herein are as up to date as is reasonably possible and are subject to revision in the future. Neither the Company nor any of its parent or subsidiary undertakings nor any of such person’s directors, officers, employees or advisors nor any other person m

  3. Slide 3: Agenda

    Agenda  Business Development Klaus-Dieter Peters CEO  Financial Performance Dr. Roland Lappin CFO  Forecast 2015 Klaus-Dieter Peters CEO Interim Results January – June 2015 © Hamburger Hafen und Logistik AG 3

  4. Slide 4: Subdued Mood in the Market

    Business Development Subdued Mood in the Market Economic growth lags behind expectations  Expectations for global economic growth in the 1st quarter 2015 lowered by 0.9 pp to 2.2 %  Business climate indicators assume a continued slowdown of momentum in the 2nd quarter 2015  Declining trend of Chi

  5. Slide 5: Slight EBIT Increase in Challenging Environment

    Business Development Slight EBIT Increase in Challenging Environment Intermodal subsidiaries compensate downturn in the Container segment Key Figures H1 2015 of the Port Logistics Subgroup Revenues € 569.8 million - 2.0 %  Slight decrease in revenue EBIT € 74.1 million + 0.3 %  Slight EBIT increas

  6. Slide 6: Throughput and Transport Development

    Business Development Throughput and Transport Development Growth in rail transport while ongoing drop of feeder traffic affect overseas volumes - 20.9 % + 3.2 % + 3.1 % - 6.1 % - 0.9 % Interim Results January – June 2015 © Hamburger Hafen und Logistik AG 6

  7. Slide 7: Elbe Dredging: Important Milestone Achieved

    Business Development Elbe Dredging: Important Milestone Achieved ECJ judgment clarifies interpretation of the European Water Framework Directive The Court states “to refuse an authorization for an individual project where it may cause a deterioration of the status of a body of surface water unless a

  8. Slide 8: HHLA Streamlines Group Structure

    Business Development HHLA Streamlines Group Structure Transfer of responsibilities for the container division to the holding company Previous structure New structure as of August 2015 HHLA Holding Company (AG) HHLA Holding Company (AG) Port Logistics Real Estate Port Logistics Real Estate Subgroup S

  9. Slide 9: Container Segment

    Financial Performance Container Segment January to June 2015 H1 14 H1 15 Revenues - 6.0 %  Revenue decrease mainly due to a decline 374,3 351,9 in volumes and lower storage fees + 4.5 %  Average revenue per TEU up due to 98,9 103,4 continued change in cargo mix and lower feeder ratio of 23.4% (pre

  10. Slide 10: Intermodal Segment

    Financial Performance Intermodal Segment January to June 2015 Revenues H1 14 H1 15 + 6.3 %  Revenue increase above volume growth due 170,1 180,8 to price adjustments and further rise in average distances and a higher proportion of rail haulage within the total transport volume €m €m OpEx (incl. D&A

  11. Slide 11: Logistics Segment

    Financial Performance Logistics Segment January to June 2015 Revenues H1 14 H1 15 + 3.7 %  Recovery of consulting activities in Q2 31,9 33,1  Revenue gains in project and contract logistics  Vehicle and cruise logistics beneath previous year €m €m EBIT H1 14 H1 15  EBIT of all consolidated compa

  12. Slide 12: Earnings Bridge

    Financial Performance Earnings Bridge Net profit and EPS substantially increased – Financial result burdened by F/X-effect in € million, Figures of listed Port Logistics subgroup 2.6 10.6 EPS 74.1 0.47 € 5.3 14.9 12.7 33.2 Negative Effective F/X-effect tax rate of At-Equity Net interest (UAH devalua

  13. Slide 13: Incisive Withdraw in Volume Estimates

    Forecast Incisive Withdraw in Volume Estimates Market research institutes keep correcting growth expectations for 2015 Outlook for GDP development 2015 GDP development by International Monetary Fund, July 2015  Slight slowdown of global GDP dynamic Global China Russia Germany  Lowest GDP level in

  14. Slide 14: Forecast 2015

    Forecast Forecast 2015 EBIT Forecast on Group Level Unchanged whilst Segmental Outlook Adapted Forecast 2014 15 May 2015 13 August 2015 Adaption Compared to previous year’s level Confirmed vs. May Container throughput 7.5 million TEU Slight increase Moderate decrease Container transport 1.3 million

  15. Slide 15: Financial Calendar IR Contact

    Financial Calendar IR Contact 13 May 2015 Phone: +49 40 3088 3100 Interim Report January-March 2015 Fax: +49 40 3088 55 3100 11 June 2015 Annual General Meeting (AGM) E-mail: investor-relations@hhla.de 13 August 2015 Web: www.hhla.de Interim Report January-June 2015 12 November 2015 Interim Report J

  16. Slide 16: Appendix

    Appendix Interim Results January – June 2015 © Hamburger Hafen und Logistik AG 16

  17. Slide 17: Key Figures

    Appendix Key Figures Annual Financial Statement H1 2015 Port Logistics Subgroup HHLA Group Listed Class A share in € million H1 2015 H1 2014 Change H1 2015 H1 2014 Change Revenues 569.8 581.7 - 2.0 % 585.1 595.7 -1.8 % EBIT 74.1 73.9 + 0.3 % 82.6 81.4 + 1.5 % Profit 33.2 21.9 + 51.5 % 37.5 26.0 + 44

  18. Slide 18: Container Segment

    Financial Performance Container Segment January to June 2015 in € million H1 2015 H1 2014 Change Container throughput in TTEU 3,404 3,783 - 10.0 % Revenues 351.9 374.3 - 6.0 % EBITDA 100.3 122.5 - 18.1 % EBITDA margin 28.5 % 32.7 % - 4.2 pp EBIT 57.5 79.1 - 27.3 % EBIT margin 16.3 % 21.1 % - 4.8 pp

  19. Slide 19: Intermodal Segment

    Financial Performance Intermodal Segment January to June 2015 in € million H1 2015 H1 2014 Change Container transport in TTEU 654 633 + 3.2 % Revenues 180.8 170.1 + 6.3 % EBITDA 38.2 23.3 + 63.6 % EBITDA margin 21.1 % 13.7 % + 7.4 pp EBIT 26.8 13.1 + 104.0 % EBIT margin 14.8 % 7.7 % + 7.1 pp Interim

  20. Slide 20: Logistics Segment

    Financial Performance Logistics Segment January to June 2015 in € million H1 2015 H1 2014 Change Revenues 33.1 31.9 + 3.7 % EBITDA - 0.4 - 0.4 neg. EBITDA margin - 1.3 % - 1.3 % 0.0 pp EBIT - 1.1 - 1.0 neg. EBIT margin - 3.2 % - 3.1 % - 0.1 pp Earnings from associates 2.2 2.4 - 5.3 % (using the equi

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