Kuehne & Nagel International Ag · SIX:KNIN
Kuehne & Nagel International — Kuehne + Nagel International — H1 2015 Earnings Presentation
25 slides from Kuehne & Nagel International's earnings presentation, Jul 14, 2015
Slide 1: Analyst Conference Call – Half-Year 2015 Results
Kuehne + Nagel International AG Analyst Conference Call – Half-Year 2015 Results July 14, 2015 (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: Agenda
Agenda Overview Half-Year 2015 Financial review Appendices Kuehne + Nagel Group – Half-Year 2015 Results July 14, 2015 p. 3
Slide 4: Overview Half-Year 2015 Results - Kuehne + Nagel Group
Overview Half-Year 2015 Results - Kuehne + Nagel Group Net turnover Gross profit EBIT in CHF million in CHF million in CHF million + 4.5% + 5.6% + 11.1% 8,885 3,281 440 8,500 3,107 410 8,225 3,018 396 (3.2%) (2.9%) + 3.5% 2014 2015 2015 cc 2014 2015 2015 cc 2014 2015 2015 cc Net turnover growth of
Slide 5: EBIT per business unit – Half-Year 2015
EBIT per business unit – Half-Year 2015 Variance Variance HY1 Business Unit HY1 HY1 2015/2014 2015/2014 (in CHF million) 2014 2015 in % 2015 cc1 Seafreight 188 204 8.5% 16 222 Airfreight 122 136 11.5% 14 141 Overland 16 14 (12.5%) (2) 14 Contract Logistics 70 56 (20.0%) (14) 63 Kuehne + Nagel 396 41
Slide 6: Development of volumes
Development of volumes Seafreight Airfreight [TEU] ‘000 [TON] ‘000 Volume decrease of 1.8% or 34,000 TEUs yoy Volume increase of 5.2% or 30,000 tons yoy Yield increase of 4.4% or CHF 15 GP/TEU yoy Yield decrease of 3.9% or CHF 3 GP/100kg yoy 996 991 996 968 317 304 306 937 295 297 297 295 92
Slide 7: Seafreight - Performance of business unit
Seafreight - Performance of business unit Income Statement Variance HY1 2014 HY1 2015 in CHF million 2015/2014 Growth Forex 1 Turnover 4'462 4'444 (0.4%) 6.0% (6.4%) Gross profit 645 662 2.6% 9.4% (6.8%) EBITDA 200 217 8.5% 17.5% (9.0%) EBIT 188 204 8.5% 18.1% (9.6%) EBIT in % of GP 29.1% 30.8% 1 Fo
Slide 8: Airfreight - Performance of business unit
Airfreight - Performance of business unit Income Statement Variance HY1 2014 HY1 2015 in CHF million 2015/2014 Growth Forex 1 Turnover 2'033 1'988 (2.2%) 4.6% (6.8%) Gross profit 439 445 1.4% 7.1% (5.7%) EBITDA 131 145 10.7% 16.0% (5.3%) EBIT 122 136 11.5% 15.6% (4.1%) EBIT in % of GP 27.8% 30.6% 1
Slide 9: Overland - Performance of business unit
Overland - Performance of business unit Income Statement Variance HY1 2014 HY1 2015 in CHF million 2015/2014 Growth Forex 1 Net turnover 1'417 1'182 (16.6%) (5.9%) (10.7%) Gross profit 462 405 (12.3%) (1.5%) (10.8%) EBITDA 35 31 (11.4%) (5.7%) (5.7%) EBIT 16 14 (12.5%) (12.5%) - EBITDA / Net turnove
Slide 10: Overland – Acquisition of ReTrans
Overland – Acquisition of ReTrans ReTrans is a fast growing, non-asset U.S. Overland provider and will complement Kuehne + Nagel’s offering in North America Highlights Products ReTrans is a non-asset based provider of Overland solutions in Non-asset solutions, provided on a transactional basis N
Slide 11: Overland – Acquisition of ReTrans
Overland – Acquisition of ReTrans Drivers of intermodal growth1 Rationale for Kuehne + Nagel to acquire ReTrans The U.S. intermodal market is Achieving complementary growth through growing 2-3x GDP (the fastest Offering ReTrans products to Kuehne + Nagel segment in the U.S. logistics customers
Slide 12: Contract Logistics - Performance of business unit
Contract Logistics - Performance of business unit Income Statement Variance HY1 2014 HY1 2015 in CHF million 2015/2014 Growth Forex 1 Net turnover 2'130 2'079 (2.4%) 6.5% (8.9%) Gross profit 1'561 1'506 (3.5%) 5.7% (9.2%) EBITDA 121 104 (14.0%) (4.1%) (9.9%) EBIT 70 56 (20.0%) (10.0%) (10.0%) EBITDA
Slide 13: Agenda
Agenda Overview Half-Year 2015 Financial review Appendices Kuehne + Nagel Group – Half-Year 2015 Results July 14, 2015 p. 13
Slide 14: Income statement
Income statement 2014 2014 YTD HY1 2015 2015 YTD HY1 Variance Variance in % CHF million Q1 Q2 2014 Q1 Q2 2015 2015/2014 Q1 Q2 2015/2014 Growth Forex Net turnover 4'127 4'373 8'500 4'096 4'129 8'225 (275) (31) (244) (3.2%) 4.5% (7.7%) Gross profit 1'532 1'575 3'107 1'497 1'521 3'018 (89) (35) (54) (2
Slide 15: Financial overview Financial targets 2015
Financial overview Financial targets 2015 CHF million HY1 2014 HY1 2015 Net turnover Profitability Group EBIT margin to net turnover of 5% 8'500 8'225 Gross profit 3'107 3'018 EBITDA 487 497 CAPEX 2015: CHF 210 million (2014: CHF 196 million) EBIT 396 410 EBIT margin to net turnover 4.7% 5.0% Ne
Slide 16: Financial review - Balance sheet
Financial review - Balance sheet 31 December 30 June 31 December 30 June CHF million 2014 2015 2014 2015 Assets Liabilities and equity Property, plant and equipment 1'175 1'058 Equity attributable to the equity 2'448 1'697 holders of the parent company Goodwill 695 622 Other intangibles 49 28 Non-co
Slide 17: Financial review - Cash flow HY1 2015
Financial review - Cash flow HY1 2015 CHF million 2014 2015 Variance Operational cash flow 499 505 6 Changes in working capital (205) (140) 65 Income taxes paid (126) (88) 38 Cash flow from operating activities 168 277 109 Cash flow from investing activities (65) (88) (23) Cash flow from financing a
Slide 18: Financial review - Working capital development
Financial review - Working capital development Better/(worse) June December June June 15 CHF million 2014 2014 2015 vs. December 14 Trade receivables & Work in progress 2'986 2'993 2'792 201 Trade payables & Accrued trade expenses (2'149) (2'351) (2'089) (262) Net working capital 837 642 703 (61) KP
Slide 19: Return on capital employed
Return on capital employed 72% 70% 68% 69% 66% 64% 64% 62% 60% 60% 58% 58% 56% 55% 56% 54% 53% 52% 51% 50% 48% 49% 48%* 48%* 48% 46% 47%* 44% 42% 40% Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 ‘ * Rolling EBIT excluding EU Antitrust fine 2
Slide 20: Appendices
KUEHNE+NAGEL Appendices
Slide 21: Upcoming events
Upcoming events October 13, 2015 Nine-months 2015 results March 2, 2016 Full year 2015 results April 19, 2016 Three-months 2016 results May 3, 2016 Annual General Meeting 2015 July 19, 2016 Half-year 2016 results October 18, 2016 Nine-months 2016 results Kuehne + Nagel Group – Half-Year 2015 Results
Slide 22: Quarter over quarter 2015/2014
Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 1. Seafreight A) Income Statement Turnover 2'244 2'200 4'444 2'154 2'308 4'462 +4.2 (4.7) (0.4) 90 (108) (18) Net Turnover 1'639 1'622 3'261 1'572 1
Slide 23: Quarter over quarter 2015/2014
Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 3. Overland A) Income Statement Turnover 644 652 1'296 754 784 1'538 (14.6) (16.8) (15.7) (110) (132) (242) Net Turnover 587 595 1'182 692 725 1'417
Slide 24: Quarter over quarter 2015/2014
Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 4'988 4'998 9'986 5'029 5'328 10'357 (0.8) (6.2) (3.6) (41) (330) (371) Customs duties and taxe
Slide 25: Contact and 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
Kuehne + Nagel International — H1 2015 Earnings Presentation on 6ix