Roadrunner Transportation Systems, Inc. · OTC:RRTS
Roadrunner Transportation Systems — 9M 2017 Earnings Presentation
14 slides from Roadrunner Transportation Systems's earnings presentation, Apr 2, 2018
Slide 1: First Three Quarters of 2017 Results & Business Update
First Three Quarters of 2017 Results & Business Update April 2, 2018
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which relate to future events or performance. Forward-looking statements include, among others, state
Slide 3: Agenda for Today's Call
1. 2017 First Three Quarters Financial Results 2. Business Trends 3. Future Guideposts 4. Question & Answer Session Agenda for Today’s Call 3
Slide 4: Financial Summary
Financial Summary • Revenues of $1,530.9 million vs. $1,482.0 million in 2016 • Net operating loss of $14.1 million vs. $352.5 million in 2016. 2017 operating loss includes: – Increase in purchased transportation costs to $1,033.2 million in 2017 from $982.0 million in 2016 – Gain on sale of Unitran
Slide 5: Segment Results
Segment Results • TL revenues of $926.0 million vs. $890.8 million in 2016. Operating income of $0.1 million vs. operating loss of $143.4 million in 2016 – 2016 operating loss included goodwill impairment charges of $157.5 million – 2017 operating income included increased equipment leasing and main
Slide 6: 2017 EBITDA First Nine Months 2017 vs. 2016
2017 EBITDA 6 First Nine Months 2017 vs. 2016 2017 2016 Net loss (67,859)$ (321,457)$ Plus: Total interest expense 45,382 17,060 Plus: Benefit from income taxes (7,516) (48,092) Plus: Depreciation and amortization 27,834 27,636 Plus: Impairment charges 4,402 372,081 Plus: Share-based compensation ex
Slide 7: Capital In Place to Support the Operational Turnaround
Raised more than $540 million in new financing in 2017 • Preferred stock investment – recorded as debt for GAAP purposes • No mandatory redemption payments until 2023 • Allows for deferred payment of dividends; if deferred earns interest until paid • Asset-based lending (ABL) facility – supported by
Slide 8: Business Trends
Business Trends 8
Slide 9: Business Trends
Business Trends 9 Truckload Logistics Less-Than-Truckload Ascent Global Logistics • Difficult market conditions in first three quarters of 2017, particularly at Express Ground, Intermodal and Temp Control • Improving rate environment in Q4 which has accelerated in 2018 • Favorable top and bottom lin
Slide 10: Future Guideposts
Future Guideposts 10
Slide 11: Key Phases – Tracking and Reporting our Progress
5 Key Phases – Tracking and Reporting our Progress Business Improvement Guideposts 11 5. OPTIMIZATION
Slide 12: 2018 Simplification & Integration Key Initiatives
2018 Simplification & Integration 12 Key Initiatives • Operations – Improve operational performance in Truckload segment – Integrate and expand Ascent Global Logistics segment – Invest in longer-term recovery of LTL segment – Simplify and combine operations and improve go-to-market approach in Expre
Slide 13: Future Communications
Future Communications Topics for our Next Conference Call • 2017 10-K and 2018 Q1 Results & Analysis – Expect to file in Q2 2018 – will provide business updates – Expect to remain current with quarterly and annual filings beginning in Q2 Other Communications • Future announcements related to simplif
Slide 14: Q&A
Q&A 14
Roadrunner Transportation Systems — 9M 2017 Earnings Presentation on 6ix