C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q2 2017 Earnings Presentation
21 slides from C.h. Robinson Worldwide's earnings presentation, Jul 20, 2017
Slide 1: Earnings Conference Call – Second Quarter 2017
Earnings Conference Call – Second Quarter 2017 July 20, 2017 John Wiehoff, Chairman & CEO Andrew Clarke, CFO Tim Gagnon, Director, Investor Relations 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for the historical information contained herein, the matters set forth in this presentation and the accompanying earnings release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-loo
Slide 3: Results Q2 2017
Results Q2 2017 in thousands, except per share amounts and headcount Three months ended June 30 Six months ended June 30 2017 2016 % Change 2017 2016 % Change Total Revenues $3,710,018 $3,299,741 12.4% $7,125,143 $6,373,684 11.8% Total Net Revenues $573,789 $594,215 (3.4%) $1,142,355 $1,157,550 (1.3
Slide 4: Summarized Income Statement
Summarized Income Statement in thousands Three months ended June 30 Six months ended June 30 2017 2016 % Change 2017 2016 % Change Total Revenues $3,710,018 $3,299,741 12.4% $7,125,143 $6,373,684 11.8% Total Net Revenues $573,789 $594,215 (3.4%) $1,142,355 $1,157,550 (1.3%) Personnel Expenses $284,2
Slide 5: Other Financial Information
Other Financial Information in thousands Three months ended June 30 Six months ended June 30 Cash Flow Data 2017 2016 % Change 2017 2016 % Change Net Cash Provided by $57,315 $143,111 (60.0%) $150,011 $247,261 (39.3%) Operating Activities Capital Expenditures $16,250 $26,151 (37.9%) $32,970 $43,976
Slide 6: Capital Distribution
Capital Distribution in thousands 2012 (a) 2013 2014 2015 2016 Q2 2017 YTD 2017 Net Income $447,007 $415,904 $449,711 $509,699 $513,384 $111,071 $233,151 Capital Distribution Cash Dividends Paid $219,313 $220,257 $215,008 $235,615 $245,430 $64,209 $128,806 Share Repurchases $255,849 (b) $807,449 $17
Slide 7: Net Revenue by Service Line Q2 2017
Net Revenue by Service Line Q2 2017 in thousands Three months ended June 30 Six months ended June 30 Net Revenue by 2017 2016 % Change 2017 2016 % Change Service Line Truckload $282,718 $329,740 (14.3%) $586,840 $651,424 (9.9%) LTL $102,213 $99,778 2.4% $199,836 $191,071 4.6% Intermodal $8,308 $9,02
Slide 8: North America Truckload Cost and Price Change
North America Truckload Cost and Price Change(1) YoY Price Change YoY Cost Change Transportation Net Revenue Margin North America Truckload cost and price change chart North America Q2 YTD represents truckload shipments from all North America Truckload segments. Transportation net revenue margin r
Slide 9: Transportation Results Q2 2017
Transportation Results Q2 2017(1) in thousands Three months ended June 30 Six months ended June 30 Transportation 2017 2016 % Change 2017 2016 % Change Total Revenues $3,319,995 $2,881,496 15.2% $6,422,038 $5,595,184 14.8% Total Net Revenues $538,640 $556,501 (3.2%) $1,076,798 $1,090,567 (1.3%) Net
Slide 10: North American Surface Transportation (NAST) Results Q2 2017
North American Surface Transportation (“NAST”) Results Q2 2017 in thousands, except headcount Three months ended June 30 Six months ended June 30 2017 2016 % Change 2017 2016 % Change (1) Total Revenues $2,381,551 $2,158,615 10.3% $4,640,803 $4,204,094 10.4% Total Net Revenues $359,906 $399,203 (9.8
Slide 11: NAST Results by Service Line Q2 2017
NAST Results by Service Line Q2 2017 Truckload, Less Than Truckload, and Intermodal in thousands Three months ended June 30 Six months ended June 30 Net Revenues 2017 2016 % Change 2017 2016 % Change Truckload $250,028 $291,140 (14.1%) $517,633 $574,824 (9.9%) LTL $97,136 $95,103 2.1% $190,653 $182,
Slide 12: Global Forwarding Results Q2 2017
Global Forwarding Results Q2 2017 in thousands, except headcount Three months ended June 30 Six months ended June 30 2017 2016 % Change 2017 2016 % Change (1) Total Revenues $528,820 $356,773 48.2% $997,608 $707,885 40.9% Total Net Revenues $121,023 $97,224 24.5% $227,569 $190,090 19.7% Net Revenue
Slide 13: Global Forwarding Results by Service Line Q2 2017
Global Forwarding Results by Service Line Q2 2017 Ocean, Air, and Customs in thousands Three months ended June 30 Six months ended June 30 Net Revenues 2017 2016 % Change 2017 2016 % Change Ocean $73,239 $60,014 22.0% $136,658 $118,598 15.2% Air $24,462 $18,667 31.0% $44,858 $36,067 24.4% Customs $1
Slide 14: Robinson Fresh Results Q2 2017
Robinson Fresh Results Q2 2017 in thousands, except headcount Three months ended June 30 Six months ended June 30 2017 2016 % Change 2017 2016 % Change (1) Total Revenues $657,003 $660,204 (0.5%) $1,207,448 $1,224,297 (1.4%) Total Net Revenues $60,846 $67,820 (10.3%) $117,683 $126,005 (6.6%) Net Rev
Slide 15: Robinson Fresh Results Q2 2017 – Sourcing
Robinson Fresh Results Q2 2017 Sourcing in thousands Three months ended June 30 Six months ended June 30 Sourcing 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $390,023 $418,245 (6.7%) $703,105 $778,500 (9.7%) Net Revenues $35,149 $37,714 (6.8%) $65,557 $66,983 (2.1%) Net Revenue Margin %
Slide 16: Robinson Fresh Results Q2 2017 – Transportation
Robinson Fresh Results Q2 2017 Transportation in thousands Three months ended June 30 Six months ended June 30 Transportation 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $266,980 $241,959 10.3% $504,343 $445,797 13.1% Net Revenues $25,697 $30,106 (14.6%) $52,126 $59,022 (11.7%) Net Reven
Slide 17: All Other and Corporate Results Q2 2017
All Other and Corporate Results Q2 2017 in thousands, except headcount Three months ended June 30 Six months ended June 30 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $142,644 $124,149 14.9% $279,284 $237,408 17.6% Total Net Revenues $32,014 $29,968 6.8% $64,757 $58,454 10.8% Income from
Slide 18: All Other and Corporate Results by Service Line Q2 2017
All Other and Corporate Results by Service Line Q2 2017 Managed Services and Other Surface Transportation in thousands Three months ended June 30 Six months ended June 30 Net Revenues 2017 2016 % Change 2017 2016 % Change Managed Services $18,164 $15,775 15.1% $35,357 $30,354 16.5% Other Surface $13
Slide 19: Final Comments
Final Comments July to date, total company net revenue per day, including APC Logistics, has increased approximately 2 percent when compared to July 2016. Truckload volume growth is lower than the second quarter growth rate. Second half 2017 priorities Adapt to changing market conditions I
Slide 20: Appendix A: 2012 Summarized Adjusted Income Statement
Appendix A: 2012 Summarized Adjusted Income Statement in thousands, except per share amounts Non-Recurring Non-Recurring 2012 Actual Adjusted Acquisition Impacts Divestiture Impacts Total net revenues $1,717,571 $1,717,571 (1) Personnel expenses 766,006 (385) (34,207) 731,414 (2) Other operating exp
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