C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW

C.h. Robinson Worldwide — Q1 2017 Earnings Presentation

21 slides from C.h. Robinson Worldwide's earnings presentation, Apr 26, 2017

  1. Slide 1: Earnings Conference Call – First Quarter 2017

    Earnings Conference Call – First Quarter 2017 April 26, 2017 John Wiehoff, Chairman & CEO Andrew Clarke, CFO Tim Gagnon, Director, Investor Relations 1

  2. 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

  3. Slide 3: Results Q1 2017

    Results Q1 2017 in thousands, except per share amounts and headcount Three months ended March 31 2017 2016 % Change Total Revenues $3,415,125 $3,073,943 11.1% Total Net Revenues $568,566 $563,335 0.9% Net Revenue Margin % 16.6% 18.3% Income from Operations $187,958 $198,952 (5.5%) Operating Margin %

  4. Slide 4: Summarized Income Statement

    Summarized Income Statement in thousands Three months ended March 31 2017 2016 % Change Total Revenues $3,415,125 $3,073,943 11.1% Total Net Revenues $568,566 $563,335 0.9% Personnel Expenses $290,504 $277,497 4.7% Selling, General, and Admin $90,104 $86,886 3.7% Total Operating Expenses $380,608 $3

  5. Slide 5: Other Financial Information

    Other Financial Information in thousands Three months ended March 31 Cash Flow Data 2017 2016 % Change Net Cash Provided by $92,696 $104,150 (11.0%) Operating Activities Capital Expenditures $16,720 $17,825 (6.2%) Balance Sheet Data March 31, 2017  Total debt balance $1.24 billion Cash & Cash Equiv

  6. Slide 6: Capital Distribution

    Capital Distribution in thousands 2012 (a) 2013 2014 2015 2016 Q1 2017 Net Income $447,007 $415,904 $449,711 $509,699 $513,384 $122,080 Capital Distribution Cash Dividends Paid $219,313 $220,257 $215,008 $235,615 $245,430 $64,597 Share Repurchases $255,849 (b) $807,449 $176,645 $241,231 $209,603 $47

  7. Slide 7: Net Revenue by Service Line Q1 2017

    Net Revenue by Service Line Q1 2017 in thousands Three months ended March 31 Net Revenue by 2017 2016 % Change Service Line Truckload $304,122 $321,684 (5.5%) LTL $97,623 $91,293 6.9% Intermodal $7,492 $9,264 (19.1%) Ocean $62,875 $58,669 7.2% Air $21,817 $18,409 18.5% Customs $16,078 $10,724 49.9%

  8. Slide 8: North America Truckload Cost and Price Change

    North America Truckload Cost and Price Change(1) YoY Price Change YoY Cost Change Transportation Net Revenue Margin  North America Truckload cost and price change chart North America Q1 represents truckload shipments from all North America Truckload segments. Transportation net revenue margin Volum

  9. Slide 9: Transportation Results Q1 2017

    Transportation Results Q1 2017(1) in thousands Three months ended March 31 Transportation 2017 2016 % Change Total Revenues $3,102,043 $2,713,688 14.3% Total Net Revenues $538,158 $534,066 0.8% Net Revenue Margin % 17.3% 19.7% Transportation Net 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Reve

  10. Slide 10: North American Surface Transportation (NAST) Results Q1 2017

    North American Surface Transportation (“NAST”) Results Q1 2017 in thousands, except headcount Three months ended March 31 2017 2016 % Change Total Revenues(1) $2,259,252 $2,045,479 10.5% Total Net Revenues $372,440 $383,798 (3.0%) Net Revenue Margin % 16.5% 18.8% Income from Operations $155,877 $162

  11. Slide 11: NAST Results by Service Line Q1 2017

    NAST Results by Service Line Q1 2017 Truckload, Less Than Truckload, and Intermodal in thousands Three months ended March 31 Net Revenues 2017 2016 % Change Truckload $267,605 $283,684 (5.7%) LTL $93,517 $87,287 7.1% Intermodal $7,175 $8,673 (17.3%) Other $4,143 $4,154 (0.3%) Total $372,440 $383,798

  12. Slide 12: Global Forwarding Results Q1 2017

    Global Forwarding Results Q1 2017 in thousands, except headcount Three months ended March 31 2017 2016 % Change Total Revenues(1) $468,788 $351,112 33.5% Total Net Revenues $106,546 $92,866 14.7% Net Revenue Margin % 22.7% 26.4% Income from Operations $16,206 $16,857 (3.9%) Operating Margin % 15.2%

  13. Slide 13: Global Forwarding Results by Service Line Q1 2017

    Global Forwarding Results by Service Line Q1 2017 Ocean, Air, and Customs in thousands Three months ended March 31 Net Revenues 2017 2016 % Change Ocean $63,419 $58,584 8.3% Air $20,396 $17,400 17.2% Customs $16,077 $10,721 50.0% Other $6,654 $6,161 8.0% Total $106,546 $92,866 14.7% Ocean Quarter Ai

  14. Slide 14: Robinson Fresh Results Q1 2017

    Robinson Fresh Results Q1 2017 in thousands, except headcount Three months ended March 31 2017 2016 % Change Total Revenues(1) $550,445 $564,093 (2.4%) Total Net Revenues $56,837 $58,185 (2.3%) Net Revenue Margin % 10.3% 10.3% Income from Operations $14,652 $17,733 (17.4%) Operating Margin % 25.8% 3

  15. Slide 15: Robinson Fresh Results Q1 2017 – Sourcing

    Robinson Fresh Results Q1 2017 Sourcing in thousands Three months ended March 31 Sourcing 2017 2016 % Change Total Revenues(1) $313,082 $360,255 (13.1%) Net Revenues $30,408 $29,269 3.9% Net Revenue Margin % 9.7% 8.1%  Sourcing total revenue decrease was primarily the result of lower market pricing

  16. Slide 16: Robinson Fresh Results Q1 2017 – Transportation

    Robinson Fresh Results Q1 2017 Transportation in thousands Three months ended March 31 Transportation 2017 2016 % Change Total Revenues(1) $237,363 $203,838 16.4% Net Revenues $26,429 $28,916 (8.6%) Net Revenue Margin % 11.1% 14.2% Net Revenues 2017 2016 % Change Truckload $21,369 $23,918 (10.7%) Ot

  17. Slide 17: All Other and Corporate Results Q1 2017

    All Other and Corporate Results Q1 2017 in thousands, except headcount Three months ended March 31 2017 2016 % Change Total Revenues(1) $136,640 $113,259 20.6% Total Net Revenues $32,743 $28,486 14.9% Income from Operations $1,223 $2,011 NM Depreciation and Amortization $7,675 $5,526 38.9% Total Ass

  18. Slide 18: All Other and Corporate Results by Service Line Q1 2017

    All Other and Corporate Results by Service Line Q1 2017 Managed Services and Other Surface Transportation in thousands Three months ended March 31 Net Revenues 2017 2016 % Change Managed Services $17,193 $14,579 17.9% Other Surface $15,550 $13,907 11.8% Transportation Total $32,743 $28,486 14.9%  M

  19. Slide 19: Final Comments

    Final Comments  April to date total company net revenue per day, including APC Logistics, has decreased approximately 4 percent when compared to April 2016.  Truckload volume growth remains consistent with the first quarter thus far in April.  Investor Day, May 3, 2017  Segment strategies  Capi

  20. Slide 20: Appendix A: 2012 Summarized Adjusted Income Statement

    Appendix A: 2012 Summarized Adjusted Income Statement in thousands, except per share amounts Non-Recurring Non-Recurring 2012 Actual Adjusted Acquisition Impacts Divestiture Impacts Total net revenues $1,717,571 $1,717,571 (1) Personnel expenses 766,006 (385) (34,207) 731,414 (2) Other operating exp

  21. Slide 21: 21

    21

C.H. Robinson Worldwide — Q1 2017 Earnings Presentation on 6ix