C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q4 2017 Earnings Presentation
21 slides from C.h. Robinson Worldwide's earnings presentation, Jan 31, 2018
Slide 1: Earnings Conference Call – Fourth Quarter 2017
Earnings Conference Call – Fourth Quarter 2017 January 31, 2018 John Wiehoff, Chairman & CEO Andrew Clarke, CFO Tim Gagnon, Vice President 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 Q4 2017
Results Q4 2017 in thousands, except per share amounts and headcount Three Months Ended December 31 Twelve Months Ended December 31 2017 2016 % Change 2017 2016 % Change Total Revenues $3,959,786 $3,414,975 16.0% $14,869,380 $13,144,413 13.1% Total Net Revenues $631,849 $561,516 12.5% $2,368,050 $2,
Slide 4: Summarized Income Statement
Summarized Income Statement in thousands Three Months Ended December 31 Twelve Months Ended December 31 2017 2016 % Change 2017 2016 % Change Total Revenues $3,959,786 $3,414,975 16.0% $14,869,380 $13,144,413 13.1% Total Net Revenues $631,849 $561,516 12.5% $2,368,050 $2,277,528 4.0% Personnel Expen
Slide 5: Other Financial Information
Other Financial Information in thousands Three Months Ended December 31 Twelve Months Ended December 31 Cash Flow Data 2017 2016 % Change 2017 2016 % Change Net Cash Provided by Operating Activities $162,152 $152,580 6.3% $380,501 $529,408 (28.1%) Capital Expenditures $11,527 $20,326 (43.3%) $57,945
Slide 6: Capital Distribution
Capital Distribution in thousands 2012 (a) 2013 2014 2015 2016 2017 Net Income $447,007 $415,904 $449,711 $509,699 $513,384 $504,893 Capital Distribution Cash Dividends Paid $219,313 $220,257 $215,008 $235,615 $245,430 $258,222 Share Repurchases $255,849 (b) $807,449 $176,645 $241,231 $209,603 $203,
Slide 7: Net Revenue by Service Line Q4 2017
Net Revenue by Service Line Q4 2017 in thousands Three Months Ended December 31 Twelve Months Ended December 31 Net Revenue by 2017 2016 % Change 2017 2016 % Change Service Line Truckload $342,134 $296,740 15.3% $1,229,999 $1,257,191 (2.2%) LTL $105,306 $94,299 11.7% $407,012 $381,817 6.6% Intermoda
Slide 8: Transportation Results Q4 2017
Transportation Results Q4 2017(1) in thousands Three Months Ended December 31 Twelve Months Ended December 31 Transportation 2017 2016 % Change 2017 2016 % Change Total Revenues $3,647,167 $3,110,978 17.2% $13,502,906 $11,704,745 15.4% Total Net Revenues $604,733 $535,600 12.9% $2,245,616 $2,154,811
Slide 9: Transportation Net Revenue Margin
North America Truckload Cost and Price Change(1) TRANSPORTATION NET REVENUE MARGIN YoY Price Change YoY Cost Change Transportation Net Revenue Margin North America ▪ North America Truckload cost and price change chart Truckload Q4 YTD represents truckload shipments from all North America Volume (1.5
Slide 10: North American Surface Transportation (NAST) Results Q4 2017
North American Surface Transportation (“NAST”) Results Q4 2017 in thousands, except headcount Three Months Ended December 31 Twelve Months Ended December 31 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $2,618,587 $2,281,435 14.8% $9,728,810 $8,737,716 11.3% Total Net Revenues $415,315 $36
Slide 11: NAST Results by Service Line Q4 2017
NAST Results by Service Line Q4 2017 Truckload, Less Than Truckload, and Intermodal in thousands Three Months Ended December 31 Twelve Months Ended December 31 Net Revenues 2017 2016 % Change 2017 2016 % Change Truckload $304,525 $261,065 16.6% $1,088,790 $1,108,287 (1.8%) LTL $100,529 $90,629 10.9%
Slide 12: Global Forwarding Results Q4 2017
Global Forwarding Results Q4 2017 in thousands, except headcount Three Months Ended December 31 Twelve Months Ended December 31 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $591,245 $475,971 24.2% $2,140,987 $1,574,686 36.0% Total Net Revenues $127,869 $114,079 12.1% $485,280 $397,537 22.
Slide 13: Global Forwarding Results by Service Line Q4 2017
Global Forwarding Results by Service Line Q4 2017 Ocean, Air, and Customs in thousands Three Months Ended December 31 Twelve Months Ended December 31 Net Revenues 2017 2016 % Change 2017 2016 % Change Ocean $73,069 $69,270 5.5% $290,837 $244,177 19.1% Air $25,668 $21,997 16.7% $94,518 $76,139 24.1%
Slide 14: Robinson Fresh Results Q4 2017
Robinson Fresh Results Q4 2017 in thousands, except headcount Three Months Ended December 31 Twelve Months Ended December 31 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $594,646 $529,449 12.3% $2,415,740 $2,344,131 3.1% Total Net Revenues $54,123 $51,753 4.6% $226,059 $234,794 (3.7%) Net
Slide 15: Robinson Fresh Results Q4 2017 – Sourcing
Robinson Fresh Results Q4 2017 Sourcing in thousands Three Months Ended December 31 Twelve Months Ended December 31 Sourcing 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $312,619 $303,997 2.8% $1,366,474 $1,439,668 (5.1%) Net Revenues $27,116 $25,916 4.6% $122,434 $122,717 (0.2%) Net Reve
Slide 16: Robinson Fresh Results Q4 2017 – Transportation
Robinson Fresh Results Q4 2017 Transportation in thousands Three Months Ended December 31 Twelve Months Ended December 31 Transportation 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $282,027 $225,452 25.1% $1,049,266 $904,463 16.0% Net Revenues $27,007 $25,837 4.5% $103,625 $112,077 (7.5%
Slide 17: All Other and Corporate Results Q4 2017
All Other and Corporate Results Q4 2017 in thousands, except headcount Three Months Ended December 31 Twelve Months Ended December 31 2017 2016 % Change 2017 2016 % Change Total Revenues(1) $155,308 $128,120 21.2% $583,843 $487,880 19.7% Total Net Revenues $34,542 $32,403 6.6% $131,647 $120,842 8.9%
Slide 18: All Other and Corporate Results by Service Line Q4 2017
All Other and Corporate Results by Service Line Q4 2017 Managed Services and Other Surface Transportation in thousands Three Months Ended December 31 Twelve Months Ended December 31 Net Revenues 2017 2016 % Change 2017 2016 % Change Managed Services $18,322 $17,667 3.7% $72,166 $64,701 11.5% Other S
Slide 19: Final Comments
Final Comments ▪ January to date total company net revenue per day has increased approximately 5 percent when compared to January 2017. ▪ Truckload volume has decreased approximately 7 percent on a year-over-year basis in January. ▪ 2018 outlook ▪ Capacity and price volatility will likely continue 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 Acquisition Impacts Divestiture Impacts Adjusted Total Net Revenues $1,717,571 $1,717,571 Personnel Expenses(1) 766,006 (385) (34,207) 731,414 Other Operating Expenses
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