Kln Logistics Group Limited · HKEX:636
Kln Logistics — Kerry Logistics Network — FY2022 Earnings Presentation
16 slides from Kln Logistics's earnings presentation, 2023
Slide 1: Sailing into the Storm: Annual Results 2022
SAILING INTO ANNUAL RESULTS THE STORM 2022 0636.HK
Slide 2: Disclaimer
DISCLAIMER 1 This presentation was prepared by Kerry Logistics Network Limited (the “Company”) for reference and general information purposes only. This presentation is not intended to and does not constitute investment advice, recommendation, invitation or offer to enter into, any agreement to purc
Slide 3: Financial Highlights
F I N A N C I A L H I G H L I G H T S (in HK$’M) 2 REVENUE CORE OPERATING PROFIT CORE NET PROFIT 86,649 4,790 3,572 10%* 12%* 11%* © Kerry Logistics Network Limited. All rights reserved. SEGMENT PROFIT IL E&E IFF 1,375 (826) 4,703 28%* – 3%* PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS DIVIDEND GEARING 3
Slide 4: Segment Profit Continuing Operations
SEGMENT PROFIT CONTINUING OPERATIONS 3 Segment Profit – Continuing Operations* IL Segment Profit by Region Oceania 1% (in HK$'M) IL E&E IFF Consolidated Asia(1) FY21 FY22 YoY FY21 FY22 YoY FY21 FY22 YoY FY21 FY22 YoY 19% © Kerry Logistics Network Limited. All rights reserved. Hong Kong Mainland 55%
Slide 5: Segmental Performance
SEGMENTAL PERFORMANCE 4 IL IFF © Kerry Logistics Network Limited. All rights reserved. E&E Asia Recorded Strong Growth Profit Maintained Despite an Extremely Volatile Market - Increase in demand for pandemic-related services - Asia exports plunged in 2022 2H as global demand for - in Hong Kong - fin
Slide 6: Revenue & Profit Attributable to Shareholders
REVENUE & PROFIT ATTRIBUTABLE TO SHAREHOLDERS 5 Revenue* (in HK$’M) Profit Attributable To Shareholders (in HK$’M) By Segment 7,939 -55% IL 3,579 IFF 15% +8% 78% © Kerry Logistics Network Limited. All rights reserved. 86,649 E&E +10%* 7% By Region FY21 FY22 FY21 FY22 YoY FY21 FY22 Hong Kong 8,837 8,
Slide 7: Dividend 2019-2022
DIVIDEND 2019-2022 6 HK$’M 4,000 3,692 3,572 3,000 Regular Dividend © Kerry Logistics Network Limited. All rights reserved. 1,828 Special Dividend 2,000 1,374 13,157 Statutory CNP 1,000 600 248 1,285 1,193 477 626 - FY 2019 FY 2020 FY 2021 FY 2022 Payout Ratio 35% 34% 35% 33% Dividend Per Share Regu
Slide 8: Core Net Profit 2019-2022
CORE NET PROFIT 2019-2022 7 Core Net Profit of Continuing Operations CAGR Growth 2019–2022: +71% [3,692] [3,572] [Statutory CNP] © Kerry Logistics Network Limited. All rights reserved. HK$’M 3,220 3,572 1,500 [1,828] 1,154 [1,374] 714 500 FY 2019 FY 2020 FY 2021 FY 2022 2022 ANNUAL RESULTS
Slide 9: Cash, Debt & Equity
C A S H , D E B T & E Q U I T Y (in HK$’M) 8 As at 31 Dec 2022 Debt Ratios As at 31 Dec 2021 52.8x 21,048 (3,661m) change in shareholders equity due © Kerry Logistics Network Limited. All rights reserved. to further acquisition of 23.4x 18,429 existing subsidiaries(5) EBITDA / Bank Interest 0.72x 1.
Slide 10: Outlook
OUTLOOK 9 CONTINUOUS EFFORTS TO COPE WITH THE DOWNTURN • A deeper slowdown of the global economy in 2023 with greater market volatility, uncertainties and risks © Kerry Logistics Network Limited. All rights reserved. • Focus on cost management, customers wins, operations optimisation and digitalizat
Slide 11: Thank You
10 COMMITTED TO ACHIEVE NET ZERO EMISSIONS BY 2050 © Kerry Logistics Network Limited. All rights reserved. THANK YOU Providing green logistics solutions, minimizing environmental footprint and operating in an environmentally friendly manner Exploring to develop Science-Based Targets initiative (SBTi
Slide 12: Appendix I: Revenue Analysis
Appendix I : Revenue Analysis 11 Revenue Change by Segment* Revenue Change by Region* (in HK$’M) (in HK$’M, comparable growth in %) 10% +4% +32% 86,649 +53% 86,649 © Kerry Logistics Network Limited. All rights reserved. 78,955 -3% -10% +2% 86,649 78,955 67,403 59,152 6,928 6,090 Hong Kong Mainland A
Slide 13: Appendix II: Segment Profit Analysis
Appendix II : Segment Profit Analysis 12 Segment Profit Change by Segment* Segment Profit Change by Region* (in HK$’M) (in HK$’M, comparable growth in %) 12% 5,939 -16% -21% 5,252 -70% © Kerry Logistics Network Limited. All rights reserved. +28% +40% -3% 5,252 5,939 5,252 4,825 4,703 41 Hong Kong Ma
Slide 14: Appendix III: Consolidated Income Statement
Appendix III : Consolidated Income Statement 13 For the year ended 31 Dec 2021 2022 HK$’000 HK$’000 Continuing operations Revenue 78,954,724 86,649,463 Direct operating expenses (69,950,781) (78,297,812) Gross profit 9,003,943 8,351,651 Other income and net gains/(losses) (18,805) 569,849 Administra
Slide 15: Appendix IV: Consolidated Statement of Financial Position
Appendix IV : Consolidated Statement of Financial Position 14 As at 31 Dec 2021 As at 31 Dec 2022 HK$’000 HK$’000 ASSETS AND LIABILITIES Non-current assets Intangible assets 4,303,119 5,855,895 Investment properties 1,939,636 1,819,589 Property, plant and equipment 7,526,228 7,869,412 Right-of-use a
Slide 16: Appendix IV: Consolidated Statement of Financial Position (Cont'd)
Appendix IV : Consolidated Statement of Financial Position (Cont’d) 15 As at 31 Dec 2021 As at 31 Dec 2022 HK$’000 HK$’000 Non-current liabilities Loans from non-controlling interests 205,594 209,144 Long-term bank loans 2,261,839 6,586,447 Lease liabilities 2,384,652 1,453,234 © Kerry Logistics Net
Kerry Logistics Network — FY2022 Earnings Presentation on 6ix