Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q2 2018 Earnings Presentation
14 slides from Landstar System's earnings presentation, Jul 25, 2018
Slide 1: Landstar System, Inc. Earnings Conference Call Second Quarter 2018
July 25, 2018 Landstar System, Inc. Earnings Conference Call Second Quarter 2018 Date Published: 07/25/2018 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: Model Definition
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. Date Published: 07/25/2018
Slide 4: The Network
The Network Landstar Employees Approx. 1,300 Agents Approx. 1,200 Customers 25,000+ Capacity 59,000+ 2017 Results $3.6 billion in revenue 2.0 million loadings 542 million dollar agents 9,696 BCO trucks (2017 year-end) 49,934 Carriers (2017 year-end) 15,000+ Trailers (2017 year-end) Date Published: 0
Slide 5: Percentage of Revenue
Percentage of Revenue 2Q17 2Q18 Truck Transportation Truckload Van equipment 58% 60% Unsided/platform equipment 33% 31% Less-than-truckload 3% 2% Rail intermodal 2% 3% Ocean and air cargo 2% 2% Transportation Management Services Date Published: 07/25/2018
Slide 6: Revenue by mode: rate and volume change
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 07/25/2018 Quarter Year-to-Date Qtr over Prior Year Qtr Rate (1) Volume (2) Change Truck Revenue 0.221 0.11 0.35499
Slide 7: Truckload Loadings and Revenue per Load
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 07/25/2018
Slide 8: Industries Served
As a Percentage of Revenue 2Q17 2Q18 Quarter over Prior Year Quarter Growth Consumer Durables 21.1 22.8 47% Machinery 15.2 14.5 30% Automotive 8.2 8.0 33% Building Products 9.7 9.5 34% Metals 6.7 6.9 41% AA&E, Hazmat 9.0 9.0 37% Foodstuffs 4.7 5.6 61% Energy 3.7 2.3 -16% Other 21.7 21.4 34% Transpor
Slide 9: Gross Profit and Gross Profit Margin
15.2% 14.5% 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 54% and 52% 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) ($’s in thousands) Date Published: 07/25/2018 Quarter Year-to-Date 46.0% 48.7% 44.6% 10 48.5% 2nd Qtr Changes in operating margin % 2017 Period 46 Other operating costs 1.2 Insur
Slide 11: Truck Capacity Data
Date Published: 07/25/2018 Truck Capacity Data (All information is provided as of the end of the period) KEY INCOME STATEMENT DATA ($ in Millions) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP Jul 1, Dec 30, Jun 30, External Revenue $9,087 #REF! #REF! 2017 (2) 2017 2018 (2) Purchased
Slide 12: Key Balance Sheet and Cash Flow Statistics
(1) Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Date Published: 07/25/2018 Key Balance Sheet and Cash Flow Statistics ($’s in thousands) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP YTD YTD Jul 1, Jun 30, External Revenue $0.21
Slide 13: Free Cash Flow / Share Purchases
Free Cash Flow (1) / Share Purchases Date Published: 07/25/2018 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide. Second quarter 2018 YTD (000's) Free cash flow (1) $,108,908 Share purchases $,105,488 Ending common
Slide 14: DESIGNED TO RESPOND
DESIGNED TO RESPOND SUIT TO DELIVER’ Dubtished: 07/25/2018