Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — Q1 2015 Earnings Presentation

24 slides from Kuehne & Nagel International's earnings presentation, Apr 14, 2015

  1. Slide 1: Analyst Conference Call – Q1 results 2015

    Kuehne + Nagel International AG Analyst Conference Call – Q1 results 2015 April 14, 2015 (CET 14.00) Schindellegi, Switzerland

  2. Slide 2: Forward-looking statements

    Forward-looking statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of Kuehne + Nagel International AG, may cause actual development and results to differ materially from the

  3. Slide 3: Agenda

    Agenda Overview Q1 results 2015 Financial review Appendices Kuehne + Nagel Group – Q1 Results 2015 April 14, 2015 p. 3

  4. Slide 4: Overview Q1 results 2015 - Kuehne + Nagel Group

    Overview Q1 results 2015 - Kuehne + Nagel Group Net turnover Gross Profit EBIT in CHF million in CHF million in CHF million + 5.9% + 5.1% + 7.4% 4,374 4,127 1,610 204 4,096 1,532 1,497 190 190 (0.8%) (2.3%) 0% 2014 2015 2015 cc 2014 2015 2015 cc 2014 2015 2015 cc  Net turnover growth of 5.9% in cc1

  5. Slide 5: Development of volumes

    Development of volumes Seafreight Airfreight [TEU] ‘000 [TON] ‘000  Volume decrease of  Volume increase of 0.7% yoy 6.7% yoy 996 991 317 304 295 297 297 937 285 285 923 281 279 911 277 906 81 896 896 78 79 890 77 390 72 364 366 364 77 75 75 356 355 73 838 356 69 327 350 343 Q1 2014 Q2 2014 Q3 2014

  6. Slide 6: EBIT per business unit - Q1 2015/2014

    EBIT per business unit - Q1 2015/2014 Business Unit Q1 2015 Q1 2014 Q1 2015 (in CHF million) cc1 Seafreight 92 94 102 Airfreight 62 68 71 Overland 3 4 4 Contract Logistics 33 24 27 Kuehne + Nagel 190 190 204 Average exchange rates: Euro 1.2232 1.0859 1.2232 US Dollar 0.8904 0.9502 0.8904 British Pou

  7. Slide 7: Seafreight - Performance of business unit

    Seafreight - Performance of business unit Income Statement YTD Mar YTD Mar Variance in CHF million 2014 2015 2015/2014 Growth Forex Turnover 2'154 2'244 4.2% 9.9% (5.7%) Gross Profit 319 324 1.6% 7.6% (6.0%) EBITDA 98 102 4.1% 12.3% (8.2%) EBIT 92 94 2.2% 10.9% (8.7%) EBIT in % of GP 28.8% 29.0% 1'1

  8. Slide 8: Airfreight - Performance of business unit

    Airfreight - Performance of business unit Income Statement YTD Mar YTD Mar Variance in CHF million 2014 2015 2015/2014 Growth Forex Turnover 1'002 999 (0.3%) 5.1% (5.4%) Gross Profit 219 221 0.9% 5.5% (4.6%) EBITDA 68 72 5.9% 10.3% (4.4%) EBIT 62 68 9.7% 14.5% (4.8%) EBIT in % of GP 28.3% 30.8% 350

  9. Slide 9: Overland - Performance of business unit

    Overland - Performance of business unit Income Statement YTD Mar YTD Mar Variance in CHF million 2014 2015 2015/2014 Growth Forex Net Turnover 692 587 (15.2%) (5.8%) (9.4%) Gross Profit 225 200 (11.1%) (1.8%) (9.3%) EBITDA 12 12 0.0% 16.7% (16.7%) EBIT 3 4 33.3% 40.5% (7.2%) EBITDA / Net Turnover Ma

  10. Slide 10: Contract Logistics - Performance of business unit

    Contract Logistics - Performance of business unit Income Statement YTD Mar YTD Mar Variance in CHF million 2014 2015 2015/2014 Growth Forex Net Turnover 1'026 1'015 (1.1%) 6.9% (8.0%) Gross Profit 769 752 (2.2%) 6.0% (8.2%) EBITDA 57 47 (17.5%) (8.7%) (8.8%) EBIT 33 24 (27.3%) (18.2%) (9.1%) EBITDA

  11. Slide 11: Agenda

    Agenda Overview Q1 Results 2015 Financial review Appendices Kuehne + Nagel Group – Q1 Results 2015 April 14, 2015 p. 11

  12. Slide 12: Income statement

    Income statement 2014 YTD Dec 2015 Variance Variance in % CHF million Q1 2014 Q1 Q1 2015/2014 Q1 2015/2014 Growth Forex Net Turnover 4'127 17'501 4'096 (31) (0.8%) 5.9% (6.7%) Gross Profit 1'532 6'288 1'497 (35) (2.3%) 5.1% (7.4%) Gross Profit margin 37.1% 35.9% 36.5% EBITDA 235 1'005 233 (2) (0.9%)

  13. Slide 13: Financial overview Q1 Financial targets 2015

    Financial overview Q1 Financial targets 2015 CHF million 2014 2015 Profitability  Group EBIT margin to Net Turnover of 5% Net Turnover 4'127 4'096 Gross Profit 1'532 1'497 EBITDA 235 233 CAPEX  2015: CHF 228 million (2014: CHF 196 million) EBIT 190 190 EBIT margin to Net Turnover 4.6% 4.6% Net ear

  14. Slide 14: Financial review - Balance sheet

    Financial review - Balance sheet 31 December 31 March 31 December 31 March CHF million 2014 2015 2014 2015 Assets Liabilities and equity Property, plant and equipment 1'175 1'051 Equity attributable to the equity 2'448 2'409 holders of the parent company Goodwill 695 626 Other intangibles 49 36 Non-

  15. Slide 15: Financial review - Cash flow Q1

    Financial review - Cash flow Q1 CHF million 2014 2015 Variance Operational cash flow 243 236 (7) Changes in working capital (131) (38) 93 Income taxes paid (65) (47) 18 Cash flow from operating activities 47 151 104 Cash flow from investing activities (35) (35) - Cash flow from financing activities

  16. Slide 16: Financial review - Working capital development

    Financial review - Working capital development Better/(Worse) March December March March 15 CHF million 2014 2014 2015 vs. December 14 Trade receivables & Work in progress 2'879 2'993 2'799 194 Trade payables & Accrued trade expenses (2'061) (2'351) (2'134) (217) Net working capital 818 642 665 (23)

  17. Slide 17: Outlook 2015 - Development main exchange rates vs. CHF

    Outlook 2015 - Development main exchange rates vs. CHF Translation impact Impact on Estimate 2015 2015 Variance % earnings for the period Income Statement (average rates) in CHF million Euro 1.0500 1.0859 (3.3% ) (2) US Dollar 0.9000 0.9502 (5.3% ) (3) British Pound 1.3600 1.4498 (6.2% ) (0) Estimat

  18. Slide 18: Outlook 2015 - Volume development

    Outlook 2015 - Volume development Q1 2015 - Actual 2015 - Estimate Business Unit Market Kuehne + Nagel Market Kuehne + Nagel Seafreight + 2 to 3 % -1% + 3 to 4 % market [TEU] Airfreight + 3 to 4 % +7% + 4 to 5 % 1.5 x market [Ton] Overland [Net turnover] + 1 to 3 % -6% + 2 to 3 % market In cc1 Contr

  19. Slide 19: Appendices

    KUEHNE+NAGEL Appendices

  20. Slide 20: Upcoming events

    Upcoming events May 5, 2015 Annual General Meeting May 12, 2015 Dividend payment for 2014 July 14, 2015 Half-year 2015 results October 13, 2015 Nine-months 2015 results Kuehne + Nagel Group – Q1 Results 2015 April 14, 2015 p. 20

  21. Slide 21: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 / 2014 2015 / 2014 2015 2014 Change in Change in CHF million % mCHF Q1 Q1 Q1 Q1 1. Seafreight A) Income Statement Turnover 2'244 2'154 +4.2 90 Net Turnover 1'639 1'572 +4.3 67 Gross Profit 324 319 +1.6 5 Opex (222) (221) (0.5) (1) EBITDA 102 98 +4.1 4 Depreciation

  22. Slide 22: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 / 2014 2015 / 2014 2015 2014 Change in Change in CHF million % mCHF Q1 Q1 Q1 Q1 3. Overland A) Income Statement Turnover 644 754 (14.6) (110) Net Turnover 587 692 (15.2) (105) Gross Profit 200 225 (11.1) (25) Opex (188) (213) +11.7 25 EBITDA 12 12 +0.0 0 Depreciat

  23. Slide 23: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 / 2014 2015 / 2014 2015 2014 Change in Change in CHF million % mCHF Q1 Q1 Q1 Q1 5. Kuehne + Nagel Group A) Income Statement Turnover 4'988 5'029 (0.8) (41) Customs duties and taxes (892) (902) +1.1 10 Net Turnover 4'096 4'127 (0.8) (31) Net expenses for services f

  24. Slide 24: Contact

    Contact Markus Blanka-Graff Andrea Kobi CFO Investor Relations markus.blanka@kuehne-nagel.com andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 644 Tel: +41 (0)44 7869 561 Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requeste

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