Kuehne & Nagel International Ag · SIX:KNIN
Kuehne & Nagel International — Kuehne + Nagel International — H1 2016 Earnings Presentation
27 slides from Kuehne & Nagel International's earnings presentation, Jul 19, 2016
Slide 1: Analyst Conference Call – Half-Year 2016 Results
Kuehne + Nagel International AG Analyst Conference Call – Half-Year 2016 Results July 19, 2016 (CET 14.00) Schindellegi, Switzerland
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of Kuehne + Nagel International AG, may cause actual development and results to differ materially from the
Slide 3: Overview Half-Year 2016 results
Overview Half-Year 2016 results Financial review Appendices Kuehne + Nagel Group - Half-Year 2016 Results July 19, 2016 p. 3
Slide 4: Overview Half-Year 2016 results – Kuehne + Nagel Group
Overview Half-Year 2016 results – Kuehne + Nagel Group Net turnover Gross profit EBIT in CHF million in CHF million in CHF million (0.5%) + 8.2% + 11.0% 8,225 3,265 3,257 8,184 455 455 8,147 3,018 410 (0.9%) + 7.9% + 11.0% 2015 2016 2016 cc 2015 2016 2016 cc 2015 2016 2016 cc Kuehne + Nagel Group -
Slide 5: Seafreight
Seafreight EBIT: + 8.3% Volume: + 5.8% GP per TEU: + 0.8% Conversion rate: 31.3% Kuehne + Nagel Group - Half-Year 2016 Results July 19, 2016 p. 5
Slide 6: Seafreight – Performance of business unit
Seafreight – Performance of business unit YTD YTD Variance Income statement in CHF million HY1 2015 HY1 2016 2016/2015 Growth Forex 1 Turnover 4'444 3'932 (11.5%) (10.6%) (0.9%) Gross profit 662 706 6.6% 7.8% (1.2%) EBITDA 217 231 6.5% 6.5% -% EBIT 204 221 8.3% 9.3% (1.0%) EBIT in % of GP 30.8% 31.3
Slide 7: Airfreight
Airfreight EBIT: + 8.1% Volume: + 1.3% GP per 100kg: + 5.5% Conversion rate: 30.8% Kuehne + Nagel Group - Half-Year 2016 Results July 19, 2016 p. 7
Slide 8: Airfreight – Performance of business unit
Airfreight – Performance of business unit Income statement YTD YTD Variance in CHF million HY1 2015 HY1 2016 2016/2015 Growth Forex 1 Turnover 1'988 1'906 (4.1%) (2.8%) (1.3%) Gross profit 445 478 7.4% 7.8% (0.4%) EBITDA 145 155 6.9% 6.9% -% EBIT 136 147 8.1% 8.1% -% EBIT in % of GP 30.6% 30.8% 1 Fo
Slide 9: Development of volumes
Development of volumes Seafreight Airfreight [TEU] ‘000 [TON] ‘000 Volume increase of 5.8% or 108,000 TEUs yoy Volume increase of 1.3% or 8,000 tons yoy Yield increase of 0.8% or CHF 3 GP/TEU yoy Yield increase of 5.5% or CHF 4 GP/100kg yoy 1023 328 317 315 996 991 994 312 306 304 303 306 96
Slide 10: Overland
Overland Net turnover: + 22.6% EBITDA: + 19.4% EBITDA/net TO margin: 2.6% EBIT: + 21.4% Kuehne + Nagel Group - Half-Year 2016 Results July 19, 2016 p. 10
Slide 11: Overland – Performance of business unit
Overland – Performance of business unit Income statement YTD YTD Variance in CHF million HY1 2015 HY1 2016 2016/2015 Growth Acquisition Forex 1 Net turnover 1,182 1,449 22.6% 4.8% 16.3% 1.5% Gross profit 405 456 12.6% 3.2% 7.9% 1.5% EBITDA 31 37 19.4% (6.4%) 29.0% (3.2%) EBIT 14 17 21.4% (7.1%) 21.4
Slide 12: Contract Logistics
Contract Logistics EBITDA: + 19.2% EBITDA/net TO margin: 5.6% EBIT: + 25% Idle space: 3.2% Kuehne + Nagel Group - Half-Year 2016 Results July 19, 2016 p. 12
Slide 13: Contract Logistics – Performance of business unit
Contract Logistics – Performance of business unit Income statement YTD YTD Variance in CHF million HY1 2015 HY1 2016 2015/2016 Growth Forex 1 Net turnover 2,079 2,222 6.9% 7.0% (0.1%) Gross profit 1,506 1,617 7.4% 7.7% (0.3%) EBITDA 104 124 19.2% 18.2% 1.0% EBIT 56 70 25.0% 23.2% 1.8% EBITDA / Net t
Slide 14: Financial review
Overview Half-Year 2016 results Financial review Appendices Kuehne + Nagel Group - Half-Year 2016 Results July 19, 2016 p. 14
Slide 15: Income statement
Income statement 2015 2015 YTD HY1 2016 2016 YTD HY1 Variance Variance in % CHF million Q1 Q2 2015 Q1 Q2 2016 2016/2015 Q1 Q2 2016/2015 Growth Acquisition Forex 1 Net turnover 4'096 4'129 8'225 4'010 4'137 8'147 (78) (86) 8 (0.9%) (2.9%) 2.4% (0.4%) Gross profit 1'497 1'521 3'018 1'593 1'664 3'257 2
Slide 16: Financial overview Financial targets 2016
Financial overview Financial targets 2016 CHF million HY1 2015 HY1 2016 Profitability Group EBIT margin to net turnover > 5% Net turnover 8'225 8'147 Gross profit 3'018 3'257 EBITDA 497 547 CAPEX 2016: CHF 215 million (2015: CHF 253 million) EBIT 410 455 EBIT margin to net turnover 5.0% 5.6% Net
Slide 17: Financial review – Balance sheet
Financial review – Balance sheet CHF million 31 December 30 June 31 December 30 June 2015 2016 2015 2016 Assets Liabilities and equity Property, plant and equipment 1'142 1'124 Equity attributable to the equity 2'121 1'819 holders of the parent company Goodwill 767 747 Other intangibles 98 87 Non-co
Slide 18: Financial review HY1 2016 – Cash flow
Financial review HY1 2016 – Cash flow CHF million 2015 2016 Variance Operational cash flow 505 548 43 Changes in working capital (140) (154) (14) Income taxes paid (88) (123) (35) Cash flow from operating activities 277 271 (6) Cash flow from investing activities (88) (53) 35 Cash flow from financin
Slide 19: Financial review – Working capital development
Financial review – Working capital development Better/(worse) June December June CHF million June 16 vs. 2015 2015 2016 December 15 Trade receivables & Work in progress 2,792 2,816 2,799 17 Trade payables & Accrued trade expenses (2,089) (2,222) (2,153) (69) Net working capital 703 594 646 (52) KPI'
Slide 20: Return on capital employed
Return on capital employed 72% 70% 69% 70% 70%* 68% 69% 68% 66% 64% 64% 62% 60% 60% 58% 58% 56% 56% 54% 55% 52% 53% 50% 51% 48% 49% 46% 44% 42% 40% Q2/201 3 Q3/201 3 Q4/201 3 Q1/201 4 Q2/201 4 Q3/201 4 Q4/201 4 Q1/201 5 Q2/201 5 Q3/201 5 Q4/201 5 Q1/201 6 Q2/201 6 * Rolling EBIT excluding antitrust
Slide 21: Momentum Leverage Innovation
2016 Continuity in strategy and Momentum organic growth Strict cost management and Leverage process optimisation Added value through applied Innovation innovation Growth Volumes, market share, EBIT Kuehne + Nagel Group - Half-Year 2016 Results July 19, 2016 p. 21
Slide 22: Appendices
Kuehne + Nagel Group - Half-Year 2016 Results July 19, 2016 p. 22
Slide 23: Upcoming events
Upcoming events October 18, 2016 Nine-months 2016 results March 1, 2017 Full year 2016 results April 20, 2017 Three-months 2017 results May 9, 2017 Annual General Meeting July 18, 2017 Half-year 2017 results October 16, 2017 Nine-months 2017 results Kuehne + Nagel Group - Half-Year 2016 Results July
Slide 24: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 1. Seafreight A) Income Statement Turnover 1'972 1'960 3'932 2'244 2'200 4'444 (12.1) (10.9) (11.5) (272) (240) (512) Net Turnover 1'430 1'422 2'852
Slide 25: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 3. Overland A) Income Statement Turnover 749 814 1'563 644 652 1'296 +16.3 +24.8 +20.6 105 162 267 Net Turnover 695 754 1'449 587 595 1'182 +18.4 +2
Slide 26: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 4'865 5'002 9'867 4'988 4'998 9'986 (2.5) +0.1 (1.2) (123) 4 (119) Customs duties and taxes (85
Slide 27: Contact Disclaimer
Contact Markus Blanka-Graff Andrea Kobi CFO Investor Relations markus.blanka@kuehne-nagel.com andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 644 Tel: +41 (0)44 7869 561 Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requeste
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