Hamburger Hafen Und Logistik Ag · XETR:HHFA

Hamburger Hafen Und Logistik — 9M 2015 Earnings Presentation

19 slides from Hamburger Hafen Und Logistik's earnings presentation, Nov 12, 2015

  1. Slide 1: Interim Results January – September 2015

    HAMBURGER HAFEN UND LOGISTIK AG INTERIM RESULTS JANUARY – SEPTEMBER 2015 Analyst Conference Call, 12 November 2015 © Hamburger Hafen und Logistik AG

  2. Slide 2: Disclaimer

    Disclaimer The facts and information contained herein are as up to date as is reasonably possible and are subject to revision in the future. Neither the Company nor any of its parent or subsidiary undertakings nor any of such person’s directors, officers, employees or advisors nor any other person m

  3. Slide 3: Agenda

    Agenda Presented by Dr. Roland Lappin, CFO  Business Development 9M 2015  Financial Performance 9M 2015  Forecast 2015 Interim Results January – September 2015 © Hamburger Hafen und Logistik AG 3

  4. Slide 4: Further Deterioration in the Market

    Business Development Further Deterioration in the Market Another downturn correction of growth expectations  Expectations for global economic growth in the 1st half 2015 lowered by 0.3 pp to 2.9 %*  Business climate indicators assume a continued slowdown of momentum in the 3rd quarter 2015*  Decl

  5. Slide 5: EBIT Remains Under Pressure

    Business Development EBIT Remains Under Pressure Intermodal’s growth can only partly compensate for downturn in Container Key Figures 9M 2015 of the Port Logistics Subgroup Revenues € 845.6 million - 4.5 %  Moderate decrease in revenue EBIT € 111.0 million - 7.5 %  EBIT below previous year  EBIT

  6. Slide 6: Throughput and Transport Development

    Business Development Throughput and Transport Development Declining overseas cargo from/to Asia and ongoing drop of feeder traffic - 8.6 % - 21.8 % + 2.4 % - 1.3 % - 17.0 % - 4.3 % Interim Results January – September 2015 © Hamburger Hafen und Logistik AG 6

  7. Slide 7: Intermodal Focus On Own Assets Continued

    Business Development Intermodal Focus On Own Assets Continued New terminal project in Budapest strengthens HHLA’s hinterland network  Budapest is located at a junction of several important European railway tracks (Ten-T corridors)  Location makes it the ideal interface between the seaports of Nort

  8. Slide 8: Container Segment

    Financial Performance Container Segment January to September 2015 Revenues 9M 14 9M 15 - 8.2 %  Revenue decrease mainly due to a decline in volumes – esp. Russian and Asian traffic – 565,1 + 4.1 % 518,7 and lower storage fees  Average revenue per TEU up due to change 99,1 103,2 in cargo mix and lo

  9. Slide 9: Intermodal Segment

    Financial Performance Intermodal Segment January to September 2015 Revenues 9M 14 9M 15 + 3.6 %  Revenue increase above volume growth mainly due to further rise in average distances per 263,4 272,8 transported unit and a higher proportion of rail haulage €m €m OpEx (incl. D&A) 9M 14 9M 15  Cost de

  10. Slide 10: Logistics Segment

    Financial Performance Logistics Segment January to September 2015 Revenues 9M 14 9M 15 + 0.4 %  Slight increase in revenues 48,7 48,9  Revenue gains in project and contract logistics as well as in consulting activities  Vehicle and cruise logistics below previous €m €m year‘s level EBIT 9M 14 9M

  11. Slide 11: Earnings Bridge

    Financial Performance Earnings Bridge Net profit and EPS substantially increased in € million; figures of the Port Logistics subgroup 3,2 15,8 EPS 111,0 € 0.70 5,8 + 20.2 % 21,8 21,5 49,3 Negative F/X-effect (UAH devaluation) At-equity Net interest temporarily Effective tax earnings down income up b

  12. Slide 12: Incisive Withdraw in Volume Estimates

    Forecast Incisive Withdraw in Volume Estimates Market research institutes keep correcting growth expectations for 2015 Outlook for GDP development 2015 GDP development by International Monetary Fund, October 2015  Slowdown of global GDP dynamic Global China Russia Germany  Lowest GDP level in Chin

  13. Slide 13: Forecast 2015

    Forecast Forecast 2015 Forecast adapted to changed market environment Forecast 2014 13 August 2015 12 November 2015 Adaption Compared to previous year’s level vs. August Container throughput 7.5 million TEU Moderate decrease Strong decrease Container transport 1.3 million TEU Moderate increase Moder

  14. Slide 14: Financial Calendar IR Contact

    Financial Calendar IR Contact 30 March 2016 Phone: +49 40 3088 3100 Annual Report 2015 Press Conference, Analyst Conference Fax: +49 40 3088 55 3100 12 May 2016 E-mail: investor-relations@hhla.de Interim Report January-March 2016 Web: www.hhla.de 16 June 2016 Annual General Meeting (AGM) 11 August 2

  15. Slide 15: Appendix

    Appendix Interim Results January – September 2015 © Hamburger Hafen und Logistik AG 15

  16. Slide 16: Key Figures

    Appendix Key Figures Annual Financial Statement 9M 2015 Port Logistics Subgroup HHLA Group Listed Class A share in € million 9M 2015 9M 2014 Change 9M 2015 9M 2014 Change Revenues 845.6 885.4 - 4.5 % 868.9 906.7 - 4.2 % EBIT 111.0 120.0 - 7.5 % 123.9 131.3 - 5.6 % Profit 49.3 41.0 + 20.2 % 55.9 46.9

  17. Slide 17: Container Segment

    Appendix Container Segment January to September 2015 in € million 9M 2015 9M 2014 Change Container throughput in TTEU 5,027 5,701 - 11.8 % Revenues 518.7 565.1 - 8.2 % EBITDA 147.3 186.0 - 20.8 % EBITDA margin 28.4 % 32.9 % - 4.5 pp EBIT 83.5 121.9 - 31.4 % EBIT margin 16.1 % 21.6 % - 5.5 pp Interim

  18. Slide 18: Intermodal Segment

    Appendix Intermodal Segment January to September 2015 in € million 9M 2015 9M 2014 Change Container transport in TTEU 996 973 + 2.4 % Revenues 272.8 263.4 + 3.6 % EBITDA 61.1 37.4 + 63.4 % EBITDA margin 22.4 % 14.2 % + 8.2 pp EBIT 44.0 22.0 + 99.9 % EBIT margin 16.1 % 8.4 % + 7.7 pp Interim Results

  19. Slide 19: Logistics Segment

    Appendix Logistics Segment January to September 2015 in € million 9M 2015 9M 2014 Change Revenues 48.9 48.7 0.4 % EBITDA 2.5 - 0.5 pos. EBITDA margin 5.1 % - 1.0 % 6.1 pp EBIT - 0.6 - 1.3 53.0 % EBIT margin - 1.3 % - 2.7 % 1.4 pp Earnings from associates 2.7 3.3 - 16.5 % (using the equity method) In

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