Kln Logistics Group Limited · HKEX:636
Kln Logistics — Kerry Logistics Network — FY2015 Earnings Presentation
19 slides from Kln Logistics's earnings presentation, 2016
Slide 1: Annual Results 2015: Riding the Waves with Clear Direction
A N N U A L R E S U LT S 2 0 1 5 RIDING THE WAVES WITH CLEAR DIRECTION Stock code: 636
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Kerry Logistics Network Limited (the “Company”) for reference and general information purposes only. This presentation is not intended to and does not constitute investment advice, recommendation, invitation or offer to enter into, any agreement to purcha
Slide 3: Financial Highlights
Financial Highlights 2
Slide 4: Results Overview
Results Overview Turnover(1) Segment Profit 18% HK$ 21,079m HK$ 1,997m (+12%) IL 82% IL IFF IFF Integrated Logistics (IL) consists of Logistics Operations (LOP) and Hong Kong Warehouse (HKW) Core Profits Profit Attributable to Shareholders HK$ m HK$ m 2,000 12% 1,805 2,000 9% 1,804 1,612 1,659 1,500
Slide 5: Turnover
Turnover(1) Turnover(1) IL IFF HK$ m HK$ m HK$ m 21,115 21,079 10,976 - 4% 10,139 4% 10,562 10,517 20,000 10,000 10,000 8,000 8,000 15,000 6,000 6,000 10,000 4,000 4,000 5,000 LOP LOP HKW 2,000 HKW 2,000 IFF IFF - - 2014(2) 2015 2014(2) 2015 2014(2) 2015 Integrated Logistics (IL) consists of Logisti
Slide 6: Segment Profit
Segment Profit Segment Profit Segment Profit – By Area HK$ m 2,000 12% 1,997 3% 2% YoY 1,787 Hong Kong + 10% 1,500 17% Mainland China + 7% 1,125 974 36% Taiwan + 27% 1,000 HK$ 1,997m South & SE Asia + 6% (+ 12%) 20% 500 476 511 LOP + 16% Others(3) + >200% HKW + 7% 22% Europe - 38% 337 361 IFF + 7% O
Slide 7: Dilutive Impact of FX Fluctuations
Dilutive Impact of FX Fluctuations Turnover Growth Segment Profit Growth 30% 50% 27% 44% 40% 22% 37% 21% 20% 33% 30% 27% 15% 21% 20% 10% 15% 6% 10% 9% 7% 2% -% China Taiwan Thailand India China Taiwan Thailand India -7% HKD (in reporting) -10% Base currency -9% 6
Slide 8: Segment Profit Margin & Core Net Profit
Segment Profit Margin & Core Net Profit Segment Profit Margin Core Net Profit 65% HK$ m YoY 59.7% 59.5% Segment Profit 1,997 + 12% 56% Less Unallocated Expenses (192) + 10% Core Operating Profit 1,805 + 12% 12% 11.0% Net finance costs (106) + 47% 9.9% Results of Associates 103 + 13% 8% Profit before
Slide 9: Cash, Debt & Equity
Cash, Debt & Equity Cash & Debt Shareholders’ Equity HK$ m HK$ m 6,000 16,000 14,671 5% 15,429 5,217 4,303 4,500 12,000 3,816 3,733 3,000 8,000 1,500 4,000 Cash (4) Debt (5) - 31 Dec 2014 31 Dec 2015 31 Dec 2014 31 Dec 2015 (4) Cash and bank balances (5) Total bank loans and overdrafts Debt Maturity
Slide 10: GFA Under Management & CAPEX
GFA Under Management & CAPEX GFA Under Management M sq. ft. 45 45 20 10 22 21 16 17 7 7 - 2014 2015 Leased Facilities Owned Investment Properties Owned Self-used Properties CAPEX 32% 2014 2015 42% HK$ 1,694m 58% HK$ 2,176m 68% Additions of PPE, investment properties, Acquisition of subsidiaries and
Slide 11: Asia Specialist
Asia Specialist Thailand Commenced operation of Kerry Bangna Logistics Centre (191,000 sq. ft.) as central hub and e-commerce fulfillment centre for Kerry Express Myanmar Commenced phase 4 expansion of Kerry Siam Seaport Awarded concession to operate inland ports in Malaysia Yangon and Mandalay Acqu
Slide 12: China Focus
China Focus Upward trend in import of consumer goods Increasing demand of sophisticated supply chains services Beijing Signed a strategic cooperation agreement with Significant opportunities of government China Railway to crystalize the potential of “Belt and Road strategy backed “Belt and Road” ini
Slide 13: Global Network
Global Network Singapore Acquired majority stakes in a IFF company in 2016 Q1 Canada Acquired majority stakes in a IFF company and renamed as Kerry Logistics (Canada) Inc. United States Middle East Taiwan Signed definitive agreement to acquire a Acquired majority stakes in a leading IFF Acquired maj
Slide 14: Looking Ahead
Looking Ahead 1 Greater China remains to be key contributor generating sustainable growth 2 Slowdown in China’s export brings fair share of challenges and opportunities 3 ASEAN continues to be a strategic area of growth riding on its economic integration 4 Networks in Europe, the Americas and Africa
Slide 15: Q&A
Q&A LOGISTICS Stock code: 636
Slide 16: Appendix
APPENDIX LOGISTICS Stock code: 636
Slide 17: Appendix I – Consolidated Income Statement
Appendix I – Consolidated Income Statement For the year ended 31 December Audited Audited 2015 2014 HK$’000 HK$’000 Turnover 21,079,494 21,115,249 Direct operating expenses (17,658,619) (17,975,806) Gross profit 3,420,875 3,139,443 Other income and net gains 132,903 89,452 Administrative expenses (1
Slide 18: Appendix II – Consolidated Statement of Financial Position
Appendix II – Consolidated Statement of Financial Position Audited Audited ASSETS AND LIABILITIES As at 31 Dec 2015 As at 31 Dec 2014 Non-current assets HK$’000 HK$’000 Intangible assets 2,144,064 1,834,776 Investment properties 8,118,602 7,456,242 Leasehold land and land use rights 538,443 580,941
Slide 19: Appendix II – Consolidated Statement of Financial Position (cont’d)
Appendix II – Consolidated Statement of Financial Position (cont’d) Audited Audited As at 31 Dec 2015 As at 31 Dec 2014 HK$’000 HK$’000 Non-current liabilities Loans from non-controlling interests 249,311 248,342 Long-term bank loans 2,801,152 3,010,101 Deferred taxation 560,369 541,527 Retirement b
Kerry Logistics Network — FY2015 Earnings Presentation on 6ix