Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — H1 2014 Earnings Presentation

32 slides from Kuehne & Nagel International's earnings presentation, Jul 14, 2014

  1. Slide 1: Analyst Conference Call – Half-Year 2014 Results

    Kuehne + Nagel International AG Analyst Conference Call – Half-Year 2014 Results July 14, 2014 (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 Half-Year 2014 Operating Review Financial Review Outlook Appendix Kuehne + Nagel Group – Half-Year Results 2014 July 14, 2014 p. 3

  4. Slide 4: Strategy: Customer Proximity, Solutions and Process Optimisation

    Strategy: Customer Proximity, Solutions and Process Optimisation Organisation Focus Efficiency Growth Foreign Exchange Productivity  Customer proximity  Tailored solutions  Continuous process  Market adaptability  Customer retention optimisation  Seamless interaction  Innovation/R&D  Network

  5. Slide 5: Overview Half-Year 2014 Results - Kuehne + Nagel Group

    Overview Half-Year 2014 Results - Kuehne + Nagel Group Net turnover Gross Profit EBIT in CHF million in CHF million in CHF million + 4.1% + 3.1% + 12.8% 8897 3207 413 396 8550 8500 3112 3107 366 (0.6)% (0.2)% + 8.2% H1 2013 H1 2014 H1 2014 H1 2013 H1 2014 H1 2014 H1 2013 H1 2014 H1 2014 cc cc cc  N

  6. Slide 6: Income Statement – Growth Impacted by Currency

    Income Statement – Growth Impacted by Currency 2013 2013 YTD HY1 2014 2014 YTD HY1 Variance Variance in % CHF million Q1 Q2 2013 Q1 Q2 2014 2014/2013 Q1 Q2 2014/2013 Growth Forex Net Turnover 4,182 4,368 8,550 4,127 4,373 8,500 (50) (55) 5 (0.6%) 4.1% (4.7%) Gross Profit 1,537 1,575 3,112 1,532 1,57

  7. Slide 7: Development of Volumes

    Development of Volumes Seafreight Airfreight [TEU] ‚000 [TON] ‚000  Volume increase of  Volume increase of 8.2% yoy 3.9% yoy 4000 1150 1134 3600 3578 1000 3200 850 2800 837 2672 2400 700 1892 580 2000 550 1749 558 1600 400 1200 896 838 285 281 800 250 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 YTD Volumes FTE t

  8. Slide 8: EBIT per Business Unit - Half-Year 2014/2013

    EBIT per Business Unit - Half-Year 2014/2013 HY1 HY1 HY1 Business Units (in CHF million) 2013 2014 2014 cc1 Seafreight 197 188 197 - Airfreight 110 122 129 - Overland (5) 16 17 - Contract Logistics 64 70 70 Kuehne + Nagel 366 396 413 1 cc (constant currencies) Kuehne + Nagel Group – Half-Year Result

  9. Slide 9: Agenda

    Agenda Overview Half-Year 2014 Operating Review Financial Review Outlook Appendix Kuehne + Nagel Group – Half-Year Results 2014 July 14, 2014 p. 9

  10. Slide 10: Seafreight

    Seafreight Kuehne + Nagel Group – Half-Year Results 2014 July 14, 2014 p. 10

  11. Slide 11: Seafreight – Performance of Business Unit

    Seafreight – Performance of Business Unit Income Statement HY1 HY1 Variance in CHF million 2013 2014 2014/2013 Growth Forex Turnover 4,549 4,462 (1.9%) 3.9% (5.8%) Gross Profit 659 645 (2.1%) 3.5% (5.6%) EBITDA 208 200 (3.8%) 1.0% (4.8%) EBIT 197 188 (4.6%) - (4.6%) EBIT in % of GP 29.9% 29.1% 1,100

  12. Slide 12: Foreign Currency Impact

    Foreign Currency Impact Monthly average exchange rate USD/CHF EUR/USD 0.94 0.9363 0.78 0.77 0.93 0.76 0.92 0.7619 0.75 0.91 0.74 0.7289 0.73 0.90 0.8902 0.72 0.89 0.71 0.88 0.70 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 June 2013 Variance June 2014 Tr

  13. Slide 13: Airfreight

    Airfreight Kuehne + Nagel Group – Half-Year Results 2014 July 14, 2014 p. 13

  14. Slide 14: Airfreight - Performance of Business Unit

    Airfreight - Performance of Business Unit Income Statement HY1 HY1 Variance in CHF million 2013 2014 2014/2013 Growth Forex Turnover 2,058 2,033 (1.2%) 4.7% (5.9%) Gross Profit 442 439 (0.7%) 5.0% (5.7%) EBITDA 124 131 5.6% 11.3% (5.7%) EBIT 110 122 10.9% 17.3% (6.4%) EBIT in % of GP 24.9% 27.8% 300

  15. Slide 15: Overland

    Overland Kuehne + Nagel Group – Half-Year Results 2014 July 14, 2014 p. 15

  16. Slide 16: Overland - Performance of Business Unit

    Overland - Performance of Business Unit Income Statement HY1 HY1 Variance in CHF million 2013 2014 2014/2013 Growth Forex Net Turnover 1,396 1,417 1.5% 5.5% (4.0%) Gross Profit 456 462 1.3% 3.3% (2.0%) EBITDA 17 35 105.9% 111.8% (5.9%) EBIT (5) 16 420.0% 440.0% (20.0%) EBITDA / Net Turnover Margin 1

  17. Slide 17: Contract Logistics

    PowerPoint Presentation Contract Logistics Speaker Name 11.05.12 Contract Logistics Kuehne + Nagel Group – Half-Year Results 2014 July 14, 2014 p. 17

  18. Slide 18: Contract Logistics - Performance of Business Unit

    Contract Logistics - Performance of Business Unit Income Statement HY1 HY1 Variance in CHF million 2013 2014 2014/2013 Growth Forex Net Turnover 2,086 2,130 2.1% 4.5% (2.4%) Gross Profit 1,555 1,561 0.4% 2.3% (1.9%) EBITDA 117 121 3.4% 5.1% (1.7%) EBIT 64 70 9.4% 9.4% - EBITDA / Net Turnover Margin

  19. Slide 19: Agenda

    Agenda Overview Half-Year 2014 Operating Review Financial Review Outlook Appendix Kuehne + Nagel Group – Half-Year Results 2014 July 14, 2014 p. 19

  20. Slide 20: Financial Review - Group Key Data

    Financial Review - Group Key Data Financial Overview HY1 Financial targets unchanged CHF million 2013 2014 Profitability  Conversion rate (EBIT/GP) in Seafreight 30%+, in Airfreight 25%+ Net turnover 8,550 8,500 Gross Profit 3,112 3,107 EBITDA 466 487 CAPEX  Estimate at approx. CHF 190 mio (2013:

  21. Slide 21: Financial Review - Balance Sheet

    Financial Review - Balance Sheet 31 December 30 June 31 December 30 June CHF million 2013 2014 2013 2014 Assets Liabilities and equity Property, plant and equipment 1,151 1,150 Equity attributable to the equity 2,537 2,125 holders of the parent company Goodwill 688 693 Other intangibles 89 70 Non-co

  22. Slide 22: Financial Review - Cash Flow Half-Year

    Financial Review - Cash Flow Half-Year CHF million 2013 2014 Variance Operational cash flow 474 499 25 Changes in working capital (115) (205) (90) Income taxes paid (105) (126) (21) Cash flow from operating activities 254 168 (86) Cash flow from investing activities (61) (65) (4) Cash flow from fina

  23. Slide 23: Financial Review - Working Capital Development

    Financial Review - Working Capital Development Variance CHF million June 2013 Dec 2013 March 2014 June 2014 June 14 vs. June 13 Trade receivables & Work in progress 2,867 2,806 2,879 2,986 (119) Trade payables & Accrued trade expenses (2,120) (2,148) (2,061) (2,149) 29 Net Working Capital 747 658 81

  24. Slide 24: Outlook Volume Development 2014

    Outlook Volume Development 2014 2013 - Actual HY1 2014 - Actual 2014 - Estimate Business Unit Market Kuehne + Nagel Market Kuehne + Nagel Market Kuehne + Nagel Seafreight + 2 to 3 % +3% + 3 to 4 % + 8% + 4 to 5 % 1.5 x Market [TEU] Airfreight 0% +4% + 2 to 3 % + 4% + 2 to 4 % 1.5 x Market [Ton] Over

  25. Slide 25: Thank you!

    Thank you! Kuehne + Nagel Group – Half-Year Results 2014 July 14, 2014 p. 25

  26. Slide 26: Appendix

    KUEHNE+NAGEL Appendix

  27. Slide 27: Upcoming Events

    Upcoming Events September 17, 2014 Capital Market Day, London October 13, 2014 Nine-months 2014 results February 25, 2015 Full-year 2014 results April 13, 2015 Three-months 2015 results May 5, 2015 Annual General Meeting May 12, 2015 Dividend payment for 2014 July 13, 2015 Half-year 2015 results Oct

  28. Slide 28: Development Main Exchange Rates vs. CHF

    Development Main Exchange Rates vs. CHF Full Year HY 1 Impact Variance Net 2012 2013 2013 2014 % Earnings Income Statement (average rates) Euro 1.2062 1.2296 1.2289 1.2212 (0.6%) US Dollar 0.9327 0.9237 0.9363 0.8902 (4.9%) (4.6%) British Pound 1.4827 1.4492 1.4476 1.4869 2.7% Kuehne + Nagel Group –

  29. Slide 29: Quarter over Quarter HY1

    Quarter over Quarter HY1 2014 / 2013 2014 / 2013 2014 2013 CHF million Change in % Change in mCHF Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 1. Seafreight A) Income Statement Turnover 2,154 2,308 4,462 2,236 2,313 4,549 (3.7) (0.2) (1.9) (82) (5) (87) Net expenses for services incl. duties & ta

  30. Slide 30: Quarter over Quarter HY1

    Quarter over Quarter HY1 2014 / 2013 2014 / 2013 2014 2013 CHF million Change in % Change in mCHF Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 3. Overland A) Income Statement Turnover 754 784 1,538 737 790 1,527 +2.3 (0.8) +0.7 17 (6) 11 Net expenses for services incl. duties & taxes (529) (547)

  31. Slide 31: Quarter over Quarter HY1

    Quarter over Quarter HY1 2014 / 2013 2014 / 2013 2014 2013 CHF million Change in % Change in mCHF Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 5,029 5,328 10,357 5,094 5,300 10,394 (1.3) +0.5 (0.4) (65) 28 (37) Customs duties and taxes (902) (9

  32. Slide 32: 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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