Arcbest Corporation · NASDAQ:ARCB
Arcbest — Q1 2022 Earnings Presentation
16 slides from Arcbest's earnings presentation, May 6, 2022
Slide 1: Earnings Presentation 1Q'22
Earnings Presentation 1Q’22
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements and information in this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding (i) our expectations about our intrinsic value or o
Slide 3: ArcBest Announces Record First Quarter 2022 Results – Three-Point Strategy
ArcBest Announces Record First Quarter 2022 Results – Accelerating Supporting a Solid Three-Point Strategy growth through a 3 customer focus 2 and investment Optimize Cost 1 Structure in people, More Balanced Business Mix Advance adoption of solutions and Expand Revenue innovative technologies Oppor
Slide 4: Strong Performance Enables Investment for Growth
STRONG PERFORMANCE ENABLES INVESTMENT FOR GROWTH Double-Digit High Revenue Growth Demand INVESTMENT IN: YOY daily revenue growth in From customers Asset-Based 26% and Asset-Light 115% segments for all solutions People Solutions Integration Innovation Technology MoLo integration Partnership with prog
Slide 5: Key Metrics: ArcBest Consolidated
Q1 2022 Key $1.3B $108.6M Revenue Non-GAAP Metrics Operating Income (2) ARCBEST 60% per day 166% YOY (1) C O N S O L I D AT E D YOY (1) 1) First quarter 2022 comparisons are to first quarter 2021. 2) See non-GAAP reconciliation in the Additional Information section of this presentation. $3.08/dilute
Slide 6: Key Metrics: Asset-Based
$87.0M Q1 2022 Non-GAAP Operating Income(1) Key $705M 136% YOY(1) Revenue Metrics 26% per day 87.7% Non-GAAP Operating Ratio(2) A S S E T- B A S E D YOY(1) 570 bps YOY improvement (1) 1) First quarter 2022 comparisons are to first quarter 2021. 2) See non-GAAP reconciliation in the Additional Inform
Slide 7: Key Metrics: Asset-Based April 2022 Preliminary
APRIL 2022 Total Billed APRIL 2022 P R E L I M I N ARY Rev/CWT 21% YOY(1) Daily Billed Key Revenue Metrics Total Billed 23% YOY(1) Rev/Shipment A S S E T- B A S E D 22% YOY(1) 1) April 2022 comparisons are to April 2021. Daily Daily Total Tonnage Shipments Weight/Shipment 2% YOY(1) 1% YOY(1) 1% YOY(
Slide 8: Key Metrics: Asset-Light
$26.9M Q1 2022 Non-GAAP Operating Income(3) Key $674M 163% YOY (2) Revenue Metrics $29.3M A S S E T- L I G H T (1) 115% per Adjusted EBITDA(3) day YOY (2) 142% YOY (2) 1) The ArcBest and FleetNet reportable segments, combined, represent Asset-Light operations. 2) First quarter 2022 comparisons are t
Slide 9: Balanced Capital Allocation
B A L A N C E D C A P I TA L A L L O C AT I O N INVESTMENTS IN GROWTH AND RETURN OF CAPITAL OPERATING INITIATIVES TO SHAREHOLDERS • Capital investments consistent with organic • Share Repurchase Program: growth strategy o Completed $100M ASR in Jan. 2022 o Repurchased an additional $17M during 1st Q
Slide 10: ArcBest's Customer-Led Strategy Yields Results
A R C B E S T ’ S C U S T O M E R - L E D S T R AT E G Y Y I E L D S R E S U LT S 9% 5x Retention rates are 9 percentage points higher on cross-sold accounts Revenue per account is over 5X higher on >75% cross-sold accounts Over 75% of revenue came from digitally connected customers 4x Profit per ac
Slide 11: Three-Point Strategy Continues to Deliver Shareholder Value & Drive Business Growth
Three-Point Strategy Continues to Deliver Shareholder Value & Drive Business Growth 3 2 Optimize Cost 1 More Balanced Structure Business Mix Advance adoption of Expand Revenue innovative technologies ENHANCED Accelerate SHAREHOLDER Opportunities Asset-Light growth VALUE Deepen customer relationships
Slide 12: Q&A
Q&A 12
Slide 13: Reconciliations of GAAP to Non-GAAP Financial Measures
A D D I T I O N A L I N F O R M AT I O N Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited) Note: ArcBest Corporation reports its financial results in accordance with generally accepted accounting principles (“GAAP”). However, management believes that certain non-GAAP performance mea
Slide 14: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited) ARCBEST CORPORATION - CONSOLIDATED Three Months Ended March 31 Millions ($000,000), except per share data 2022 2021 Operating Income Amounts on a GAAP basis $ 94.9 $ 32.2 Innovative technology costs, pre-tax (1) 9.7 7.7 Purchase acco
Slide 15: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited) Three Months Ended (1) ASSET-LIGHT ADJUSTED EBITDA March 31 2022 2021 Total Asset-Light ($ millions) Operating Income $ 22.8 $ 9.3 Depreciation and amortization (2) 5.6 2.8 Change in fair value of contingent consideration (3) 0.8 - A
Slide 16: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited) Three Months Ended March 31 Millions ($000,000) 2022 2021 ASSET-BASED SEGMENT Operating Income Amounts on a GAAP basis $ 80.0 88.7% $ 30.1 94.6% Innovative technology costs, pre-tax (1) 7.0 (1.0) 6.9 (1.2) Non-GAAP amounts (2) $ 87.0