Hamburger Hafen Und Logistik Ag · XETR:HHFA

Hamburger Hafen Und Logistik — H1 2019 Earnings Presentation

17 slides from Hamburger Hafen Und Logistik's earnings presentation, Aug 14, 2019

  1. Slide 1: Analyst conference call on the half-year financial report 2019

    Analyst conference call on the half-year financial report 2019 Hamburg, 14 August 2019 © Hamburger Hafen und Logistik AG

  2. Slide 2: Agenda

    Agenda 01 Business development in 1H 2019 Disclaimer Angela Titzrath, CEO 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 di

  3. Slide 3: At a glance

    At a glance Half-year results fully in line with expectations for 2019 financial year Successful business development continued: throughput exceeds previous year’s strong level while transport and revenues rise significantly; EBIT increases strongly Dampened market environment: ongoing geopolitical

  4. Slide 4: Business environment in the first half of 2019

    Business environment in the first half of 2019 Still sluggish global growth while container throughput continues to recover slightly Trend in the first half-year 2019 Macroeconomic environment  Against a difficult backdrop business climate momentum in global activity remained GDP World  sluggish i

  5. Slide 5: Financial highlights of Port Logistics subgroup in the first half of 2019

    Financial highlights of Port Logistics subgroup in the first half of 2019 Revenue EBIT EBIT margin € 677.5 million € 105.6 million 15.6 % + 9.8 % + 15.6 % + 0.8 pp Profit after tax ROCE Operating cash flow and minorities 13.5 % € 163.6 million € 49.8 million - 1.8 pp + 87.1 % + 5.4 % 14.08.2019 Anal

  6. Slide 6: Throughput and transport development in the first half of 2019

    Throughput and transport development in the first half of 2019 Successful start from a strong prior-year basis Container throughput Container transport in thousand TEU in thousand TEU +3.8% +9.6% 3,631 3,705 3,770 767 782 713 1H18 2H18 1H19 1H18 2H18 1H19  Hamburg terminals with a minor increase of

  7. Slide 7: Container segment

    Container segment Positive revenue development damped by rise in opex; EBIT improvement mainly attributable to IFRS 16 effects Revenue ■ 1H18 ■ 1H19 OpEx ■ 1H18 ■ 1H19  Revenue grew faster than volume +5.6% +5.7%  Average revenue per TEU up 1.7 % 401.7 329.9 mainly due to 380.3 312.1 − contractual

  8. Slide 8: Intermodal segment

    Intermodal segment Superior EBIT level further expanded, margin progressed Revenue OpEx  Revenue growth clearly exceeded in € million in € million transport volume development +17.4% +14.1%  Strong EBIT increase due to 244.1 193.3 208.0 169.4 − rise in volumes with a largely unchanged rail share −

  9. Slide 9: Logistics segment

    Logistics segment Positive development continues Revenue EBIT  Strong rise in revenue, mainly driven by in € million in € million vehicle logistics and consulting activities +18.1% +66.4%  Significant EBIT increase due to: 29.7 1.7 25.2 − improved results in vehicle logistics 1.0 − positive order

  10. Slide 10: Earnings bridge of the Port Logistics subgroup

    Earnings bridge of the Port Logistics subgroup Net profit increased substantially due mainly to improved operating result and lower minorities in € million / absolute change vs. 1H18 2.4 105.6 - 0.3 16.2 EPS € 0.71 - 7.2 23.9 - 2.5 18.2 49.8 + 1.7 Effective tax rate of 26.0 % slightly Net financial

  11. Slide 11: Cash flow development of the Port Logistics subgroup

    Cash flow development of the Port Logistics subgroup In line with business development, reflecting IFRS 16 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities in € million in € million in € million +87.1% +11.3% -10.7% 163.6 87.4 -78.9 -118.5 -

  12. Slide 12: Forecast for 2019

    Forecast for 2019 Macroeconomic forecast still subdued, but sector outlook for European shipping regions has brightened GDP World + 3.2 % Macroeconomic outlook for 2019  Against the backdrop of international trade conflicts, Brexit-related uncertainty and rising GDP China + 6.2 % geopolitical tensi

  13. Slide 13: Forecast for 2019

    Forecast for 2019 Forecast for Port Logistics subgroup remains unchanged 2018 Guidance 2019 Container throughput 7,336 thousand TEU Slight increase on previous year Container transport 1,480 thousand TEU Slight increase on previous year Revenues € 1,258.5 million Slight increase on previous year EBI

  14. Slide 14: Financial calendar / IR contact

    Financial calendar / IR contact Financial calendar 2019 IR contact Phone: +49 40 3088 3397 27 March 2019 Annual Report 2018 Fax: +49 40 3088 55 3397 Analyst conference call E-mail: investor-relations@hhla.de 9 May 2019 Web: www.hhla.de Interim Statement January – March 2019 Analyst conference call 1

  15. Slide 15: Appendix

    Appendix IFRS 16 14.08.2019 Analyst conference call on the half-year financial report 2019 © Hamburger Hafen und Logistik AG 15

  16. Slide 16: IFRS 16

    Effects on EBIT development due to first-time application of IFRS16 Port Logistics and segment level Port Logistics subgroup: EBIT & EBIT margin Container segment: EBIT & EBIT margin Intermodal segment: EBIT & EBIT margin in € million in € million in € million +15.6% +5.3% +31.6% +8.4% -2.3% +30.1%

  17. Slide 17: Effects on balance sheets due to first-time application of IFRS16

    Effects on balance sheets due to first-time application of IFRS16 and current development in equity on Group level Assets in € million 2,544.1 2,592.0 + 571.2 1,972.9 mainly due to rights of use 2,018.1 2,077.9 Non-current assets 1,446.9 Current assets 526.0 526.0 514.0 31.12.2018 01.01.2019 30.06.2

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