C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q3 2016 Earnings Presentation
17 slides from C.h. Robinson Worldwide's earnings presentation, Oct 25, 2016
Slide 1: Earnings Conference Call – Third Quarter 2016
Earnings Conference Call – Third Quarter 2016 October 26, 2016 John Wiehoff, Chairman & CEO Andrew Clarke, CFO Tim Gagnon, Director, Investor Relations Exhibit 99.2
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 Q3 2016
Results Q3 2016 Three months ended September 30 in thousands, except per share amounts Nine months ended September 30 Net revenue decrease was primarily the result of margin compression in the truckload and ocean service lines. Volumes increased in most services. Variable expense reduction unable to
Slide 4: Transportation
Transportation Results Q3 2016 Three months ended September 30 TRANSPORTATION in thousands TRANSPORTATION NET REVENUE MARGIN PERCENTAGE Nine months ended September 30 Transportation net revenue margin decreased in the third quarter of 2016 compared to 2015 for nearly all services. 4
Slide 5: North America Truckload Cost and Price Change, Transportation Net Revenue Margin
North America Truckload Cost and Price Change(1), Transportation Net Revenue Margin Supply and demand affect truckload pricing from quarter to quarter and year to year. Average YoY price and cost increase is 2% since 2008. (1) Cost and price change exclude the estimated impact of fuel. 5
Slide 6: Truckload
Truckload Results Q3 2016 Three months ended Sept 30 TRUCKLOAD NET REVENUES in thousands Net revenue decreased as a result of customer rates decreasing approximately 2% more than purchased transportation costs. Strong capacity recruitment to support volume growth as we added 4,200 new contracted car
Slide 7: LTL
LTL Results Q3 2016 Three months ended Sept 30 LTL NET REVENUES in thousands LTL Year over year change Quarter Volume 5% Pricing Net revenue margin Nine months ended Sept 30 YTD 7% Less than Truckload net revenue growth of 2.4 percent in the third quarter of 2016 compared to the third quarter of 201
Slide 8: Intermodal
Intermodal Results Q3 2016 Three months ended Sept 30 INTERMODAL NET REVENUES in thousands Year over year change INTERMODAL Quarter Volume 0% Pricing Net revenue margin Nine months ended Sept 30 YTD -9% Net revenue margin decreased in the third quarter as a result of a more competitive pricing envir
Slide 9: Global Forwarding Results Q3 2016
Global Forwarding Results Q3 2016 Ocean, Air and Customs Three months ended Sept 30 NET REVENUES in thousands Quarter Volume Pricing Net revenue margin OCEAN Quarter Volume Pricing Net revenue margin AIR Year over year change Year over year change Nine months ended Sept 30 YTD YTD Combined Global Fo
Slide 10: Other Logistics Services
Other Logistics Services Results Q3 2016 Three months ended Sept 30 NET REVENUES in thousands Nine months ended Sept 30 Other Logistics Services net revenues include transportation managed services, warehousing, and small parcel. Managed services net revenues increased 29 percent in the third quarte
Slide 11: Sourcing
Sourcing Results Q3 2016 Three months ended Sept 30 SOURCING NET REVENUES in thousands Nine months ended Sept 30 Sourcing net revenue increase in the third quarter of 2016 compared to the third quarter of 2015 was primarily the result of 6.4% case volume growth and slightly offset by a lower net rev
Slide 12: Summarized Income Statement
in thousands Summarized Income Statement Three months ended Sept 30 Nine months ended Sept 30 Personnel expense decrease was primarily driven by lower variable compensation incentives and partially offset by average headcount growth. Selling, general and administrative expenses decreased due to lowe
Slide 13: Other Financial Information
September 30, 2016 Cash & investments $224,449 Current assets 1,967,549 Total assets 3,664,062 Debt 1,225,000 Stockholders investment 1,269,668 CASH FLOW DATA BALANCE SHEET DATA Other Financial Information in thousands Total debt balance $1.225 billion $500 million, 4.28% average coupon $725 million
Slide 14: Capital Distribution
in thousands Capital Distribution Capital returned to shareholders during the quarter $63.6 million cash dividend $66.9 million in cash for repurchase activity 965,400 shares Average price $69.23 for shares repurchased Target is to return approximately 90% of net income to shareholders annually. 201
Slide 15: Final Comments
Final Comments North America truckload volume growth of approximately 12 percent per business day, October to date. October to date total company net revenue per day has decreased approximately 4 percent when compared to October 2015. Q4 Activities: APC integration is going well. We are confident in
Slide 16: Appendix A: 2012 Summarized Adjusted Income Statement
Appendix A: 2012 Summarized Adjusted Income Statement In thousands, except per share amounts Twelve months ended December 31, 2012 The adjustment to personnel consists of $33 million of incremental vesting expense of our equity awards triggered by the gain on the divestiture of T-Chek. The balance c
Slide 17: C.H. Robinson
@ C.H. ROBINSON
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