Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q4 2018 Earnings Presentation
14 slides from Landstar System's earnings presentation, Jan 30, 2019
Slide 1: Landstar System, Inc. Earnings Conference Call Fourth Quarter 2018
January 30, 2019 Landstar System, Inc. Earnings Conference Call Fourth Quarter 2018 Date Published: 01/30/2019 Exhibit 99.2
Slide 2: Safe harbor statement
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made during this presentation that are not based on historical facts are “forward looking statements.” During this presentation, I may make certain statements, containing forward-looking
Slide 3: Landstar model definition
Landstar is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third party capacity providers and employees. Model Definition Date Published: 01/30/2019
Slide 4: The Network
The Network Landstar Employees Approx. 1,200 Agents Approx. 1,300 Customers 25,000+ Capacity 68,000+ 2018 Results $4.6 billion in revenue 2.1 million loadings 608 million dollar agents 10,599 BCO trucks (2018 year-end) 59,054 Carriers (2018 year-end) 16,000+ Trailers (2018 year-end) Date Published:
Slide 5: Percentage of Revenue by Transportation Mode
Percentage of Revenue 4Q17 4Q18 Truck Transportation Truckload Van equipment 60% 60% Unsided/platform equipment 29% 29% Less-than-truckload 2% 2% Rail intermodal 3% 3% Ocean and air cargo 4% 4% Transportation Management Services Date Published: 01/30/2019
Slide 6: Revenue by mode: rate and volume changes
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 01/30/2019 Quarter Fiscal Year Qtr over Prior Year Qtr Rate (1) Volume (2) Change Truck Revenue 6.9% 4.2% 0.114 Rai
Slide 7: Truckload Loadings and Revenue per Load
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 01/30/2019 The Company’s fiscal year ends each year on the last Saturday in December and, as such, the Company’s 2018, 2017, and 2015 fourth quarters included thirteen weeks of operations
Slide 8: Industries Served
As a Percentage of Revenue 4Q17 4Q18 Quarter over Prior Year Quarter Growth Consumer Durables 23.2 24.2 17% Machinery 13.4 13.6 14% Automotive 7.3 9.1 41% Building Products 9.1 8.3 2% Metals 6.2 5.8 5% AA&E, Hazmat 7.5 7.1 7% Foodstuffs 5.4 4.1 -16% Energy 2.8 2.8 13% Other 25.1 25.0 12% Transportat
Slide 9: Gross Profit and Gross Profit Margin
14.2% 14.3% Gross profit equals revenue less the cost of purchased transportation and commissions to agents. Gross profit margin equals gross profit divided by revenue. Revenue on transactions with a fixed gross profit margin was 53% and 50% of revenue in the 2017 and 2018 year-to-date periods, resp
Slide 10: Operating Income and Operating Margin
50.5% 48.4% 4 Operating margin equals operating income divided by gross profit. Operating Income and Operating Margin (1) ($’s in thousands) Date Published: 01/30/2019 Quarter Fiscal Year 46.8% 51.0% 44.9% 10 49.7% 4th Qtr Changes in operating margin % 2017 Period 46.8 Other operating costs -0.4 Ins
Slide 11: Truck Capacity Data
Date Published: 01/30/2019 Truck Capacity Data (All information is provided as of the end of the period) KEY INCOME STATEMENT DATA ($ in Millions) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP Dec 30, Dec 29, External Revenue $9,087 #REF! #REF! 2017 (2) 2018 (2) Purchased Transportati
Slide 12: Key Balance Sheet and Cash Flow Statistics
Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Capital expenditures includes approximately $8.5 million for the acquisition of a business during the 2017 year-to-date period. Date Published: 01/30/2019 Key Balance Sheet and Cash Flow Statistics ($
Slide 13: Free Cash Flow / Share Purchases
Free Cash Flow (1) / Share Purchases Date Published: 01/30/2019 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide. Fourth quarter 2018 YTD (000's) Free cash flow (1) $,288,154 Share purchases $,208,087 Ending common
Slide 14: DESIGNED TO RESPOND
DESIGNED TO RESPOND SUIT TO DELIVER’ pubtished: 01/30/2019