Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — Q1 2021 Earnings Presentation

28 slides from Kuehne & Nagel International's earnings presentation, Apr 26, 2021

  1. Slide 1: Analyst conference First quarter 2021 results

    Analyst conference First quarter 2021 results Kuehne + Nagel International AG Schindellegi, Switzerland 26 April 2021 (CET 14.00)

  2. Slide 2: Overview first quarter 2021 results

    01 Overview first quarter 2021 results 26 April 2021 | © Kuehne+Nagel | Analyst presentation 2

  3. Slide 3: Highlights first quarter 2021 results

    Highlights first quarter 2021 results Net turnover Gross profit 6,032 CHF million 2020: 4,912 2,019 CHF million 2020: 1,878 22.8% increase including negative FX and 16.9% organic growth on the previous divestment impact of 6.2% on the previous year year Free cash flow1 EPS 145 CHF million 2020: 156

  4. Slide 4: Kuehne+Nagel marks a strong start to 2021

    Kuehne+Nagel marks a strong start to 2021  EBIT of CHF 206  EBIT of CHF 24 million million  Strong performance  European volumes  Increased service recovering intensity Sea Market Air in times Road Contract Group Logistics of Covid-19 Logistics Logistics Logistics  Group Q1 2021  EBIT of CHF

  5. Slide 5: Business unit update

    02 Business unit update 26 April 2021 | © Kuehne+Nagel | Analyst presentation 5

  6. Slide 6: Sea and Air Logistics volumes

    Sea and Air Logistics volumes TEUs '000 Tons '000 1,279 1,246 1,190 1,214 1,146 1,100 1,140 1,096 1,075 424 433 409 404 406 392 372 354 315 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 2020 2020 2020 2021  Sea Logistics volumes first quarter 2021 2.0% above prior year  Air Logistics volumes

  7. Slide 7: Sea Logistics

    Sea Logistics Strong performance; increased service intensity High demand in Europe and North America for imports from Asia 26 April 2021 | © Kuehne+Nagel | Analyst presentation 7

  8. Slide 8: Sea Logistics

    Sea Logistics GP/TEU in CHF Exp/TEU in CHF EBIT/TEU in CHF 440 333 321 320 321 306 308 311 299 (247) (252) (236) (225) (222) (211) (219) (217) (198) 188 99 113 104 97 95 83 80 73 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 2020 2020 2020 2021  Gross profit first quarter 2021 at CHF 482 mill

  9. Slide 9: Air Logistics

    Air Logistics Return to volume growth for the first time in two years Continuation of strong yield 26 April 2021 | © Kuehne+Nagel | Analyst presentation 9

  10. Slide 10: Air Logistics

    Air Logistics* GP/100 kg in CHF Exp/100 kg in CHF EBIT/100 kg in CHF 106 95 93 89 84 81 83 80 75 (71) (64) (60) (61) (59) (56)* (59)* (55) (55) 40 38 35 30* 20 23 22 19 * 19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 2020 2020 2020 2021 * adjusted for write-off of intangibles in Q4 2019 of

  11. Slide 11: Road Logistics

    Road Logistics European cross border business recovering Demand of domestic transports in Europe growing 26 April 2021 | © Kuehne+Nagel | Analyst presentation 11

  12. Slide 12: Road Logistics

    Road Logistics EBIT in CHF m EBIT/Net TO margin in % 24 24 24 21 17 17 16 2.9 2.7 2.8 2.3 12 2.0 2.0 9 1.8 1.5 1.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 2020 2020 2020 2021  Net turnover first quarter 2021 at CHF 870 million, 0.8% above prior year  EBIT first quarter 2021 at CHF 24 m

  13. Slide 13: Contract Logistics

    Contract Logistics Back to organic growth and restructuring bearing fruit Market share gains in pharma & healthcare sector and in e-commerce fulfilment 26 April 2021 | © Kuehne+Nagel | Analyst presentation 13

  14. Slide 14: Contract Logistics

    Contract Logistics (excluding one-off impacts) 7.5 70 7.0 EBIT in CHF m EBIT/Net TO margin in % 6.5 60 6.0 49 5.5 50 5.0 43 38 4.5 Axis Title 40 34 4.0 30 26 29 28 4.0 28 3.5 3.0 3.1 17 3.4 20 2.5 2.5 2.4 2.0 2.2 10 2.0 2.1 1.5 1.4 1.0 - 0.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 2020 2

  15. Slide 15: Key financial figures first quarter 2021

    03 Key financial figures first quarter 2021 26 April 2021 | © Kuehne+Nagel | Analyst presentation 15

  16. Slide 16: Income statement

    Income statement 2020 2021 Variance YTD Variance in % CHF million thereof Q1 Q1 2021/2020 2021/2020 Growth Divestment 1 Forex Net turnover 4,912 6,032 1,120 22.8% 29.0% (3.3%) (2.9%) Gross profit 1,878 2,019 141 7.5% 16.9% (7.8%) (1.6%) Gross profit margin 38.2% 33.5% EBITDA 378 611 233 61.6% 64.5%

  17. Slide 17: Balance sheet

    Balance sheet December 31, March 31, December 31, March 31, CHF million 2020 2021 2020 2021 Assets Equity and Liabilities Equity attributable to the equity holders 2,407 2,867 Property, plant and equipment 797 812 of the parent company Right-of-use assets 1,500 1,533 Non-controlling interests 6 6 Go

  18. Slide 18: Cash / free cash flow

    Cash / free cash flow YTD YTD In CHF million 1,453 CHF million Variance 2020 2021 FCF 2019 Cash and cash equivalents January 1, net 904 1,713 809 FCF 2020 Operational cash flow 380 618 238 FCF 2021 1,138 Changes in working capital (208) (291) (83) 811 Income taxes paid (66) (93) (27) Cash flow from

  19. Slide 19: Working capital

    Working capital Mar 31, Mar 31, Better/(worse) CHF million 2020 2021 2021 vs. 2020 Trade receivables/contract assets/work in progress 3,711 4,555 (844) Trade payables/contract liabilities/accrued trade expenses (2,798) (3,659) 861 Net working capital 913 896 17 KPIs: Working capital intensity 3.9%1

  20. Slide 20: Return on capital employed (ROCE)

    Return on capital employed (ROCE) ROCE ROCE excl. Acq./Assets held for sale/Quick settlement 100% 94%  Acquisition effect: 95% 90% Acquisition impact of one year 93% due to assets added and full 85% EBIT included only after one 80% 75% year 75% Effect assets held for sale: 70% 66% 67% 66% Divestmen

  21. Slide 21: 2021: current perspectives

    2021: current perspectives Market  Another year impacted by the pandemic - uncertainty to persist  Economic activity and trade volume rebounding  Consumption patterns and supply chains likely to undergo further change Kuehne+Nagel  Overcoming capacity constraints to provide reliable and quality

  22. Slide 22: 26 April 2021 | © Kuehne+Nagel | Analyst presentation 22

    26 April 2021 | © Kuehne+Nagel | Analyst presentation 22

  23. Slide 23: Upcoming events

    Upcoming events 04.05.2021 Annual General Meeting 05.05.2021 Last trading day for dividend eligibility 06.05.2021 Ex date 07.05.2021 Record date 10.05.2021 Payment date 07. – 20.07.2021 Closed period 20.07.2021 Half-year 2021 results 06. – 20.10.2021 Closed period 20.10.2021 Nine-months 2021 results

  24. Slide 24: Quarter over Quarter 2021/2020

    Quarter over Quarter 2021/2020 Change Change 2021 2020 CHF million in % in mCHF Q1 Q1 Q1 Q1 1. Sea Logistics A) Income Statement Turnover 2,878 2,235 +28.8 643 Net Turnover 2,393 1,724 +38.8 669 Gross Profit 482 344 +40.1 138 Opex (268) (258) (3.9) (10) EBITDA 214 86 +148.8 128 Depreciation and Amor

  25. Slide 25: Quarter over Quarter 2021/2020

    Quarter over Quarter 2021/2020 Change Change 2021 2020 CHF million in % in mCHF Q1 Q1 Q1 Q1 3. Road Logistics A) Income Statement Turnover 1,009 975 +3.5 34 Net Turnover 870 863 +0.8 7 Gross Profit 304 281 +8.2 23 Opex (265) (249) (6.4) (16) EBITDA 39 32 +21.9 7 Depreciation and Amortisation (15) (1

  26. Slide 26: Quarter over Quarter 2021/2020

    Quarter over Quarter 2021/2020 Change Change 2021 2020 CHF million in % in mCHF Q1 Q1 Q1 Q1 5. Kuehne+Nagel Group A) Income Statement Turnover 6,933 5,860 +18.3 1,073 Customs duties and taxes (901) (948) +5.0 47 Net Turnover 6,032 4,912 +22.8 1,120 Net expenses for services from 3rd parties (4,013)

  27. Slide 27: Contact

    Contact Markus Blanka-Graff CFO markus.blanka@kuehne-nagel.com Tel: +41 (0)44 7869 644 Christopher Combé Head of Investor Relations christopher.combe@kuehne-nagel.com Tel: +41 (0)44 7869 693 Andrea Kobi Investor Relations andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 561 26 April 2021 | © Kuehne+

  28. Slide 28: Disclaimer

    Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of Kuehne + Nagel International AG. This document contains forward-looking statements

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