Hamburger Hafen Und Logistik Ag · XETR:HHFA

Hamburger Hafen Und Logistik — Q1 2019 Earnings Presentation

17 slides from Hamburger Hafen Und Logistik's earnings presentation, May 9, 2019

  1. Slide 1: Analyst conference call on the interim results January to March 2019

    Analyst conference call on the interim results January to March 2019 Hamburg, 9 May 2019 © Hamburger Hafen und Logistik AG

  2. Slide 2: Agenda

    Agenda 01 Business development in Q1 2019 Disclaimer The facts and information contained herein are as up to date as is reasonably possible and are subject to Angela Titzrath, CEO 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: Summary of major achievements in the first quarter 2019

    Summary of major achievements in the first quarter 2019 HHLA starts with a strong rise in revenue and operating result in the 2019 financial year Successful start: Strong rise in revenue and operating result Subdued environment: Despite lowered growth expectations, economists continue to forecast gr

  4. Slide 4: Business environment in the first quarter 2019

    Business environment in the first quarter 2019 World economy on a sound level with loss of momentum Trend in the first quarter 2019 Macroeconomic environment  Business climate indicators point towards a further deceleration in global economic growth GDP World  in Q1 2019 after output growth of 0.8

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

    Financial highlights of Port Logistics subgroup in the first quarter 2019 Revenue EBIT EBIT margin € 339.8 million € 55.7 million 16.4 % + 10.6 % + 26.1 % + 2.0 pp Profit after tax ROCE Operating cash flow and minorities 14.4 % € 89.6 million € 27.2 million - 0.9 pp + 78.0 % + 26.2 % 09.05.2019 Anal

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

    Throughput and transport development in the first quarter 2019 Successful start from a strong prior-year basis Container throughput in thousand TEU Container transport in thousand TEU +2.2% +13.7% 1,824 1,807 1,876 1,829 1,865 385 382 398 350 363 1Q18 2Q18 3Q18 4Q18 1Q19 1Q18 2Q18 3Q18 4Q18 1Q19  H

  7. Slide 7: Container segment

    Container segment EBIT improved strongly, still significant increase when IFRS 16 effects are excluded Revenue ■ 3M18 ■ 3M19 OpEx ■ 3M18 ■ 3M19  Revenue grew faster than volume +4.8% +2.6%  Average revenue per TEU up 2.5 % 200.9 159.0 163.1 mainly due to 191.7 +2.5% +0.3%  temporarily higher stor

  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 +22.0% +19.1%  Strong EBIT increase due to 123.9 98.6 101.6 82.8  rise in volumes,  better average revenue,  higher uti

  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 +16.8% positive  Significant EBIT increase due to: 14.3 0.7 12.2  improved results in vehicle logistics  Positive order situation in

  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. 3M18 1.2 55.7 0.2 8.4 EPS € 0.39 - 4.4 12.4 - 1.9 8.9 27.2 - 0.2 Effective tax rate Net financial of 25.6 % at At-equity e

  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 +78.0% +171.0% -71.4% 89.6 -16.3 50.3 -17.3 -4

  12. Slide 12: Outlook 2019

    Outlook 2019 Macroeconomic forecast subdued GDP World + 3.3 % Macroeconomic outlook 2019  Global economic output still expected to be slightly below previous year again GDP China + 6.3 %  World trade prospects remain at a sound level but continue to cloud, reflecting the IMF’s downturn in April of

  13. Slide 13: Outlook 2019

    Outlook 2019 Port Logistics subgroup 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 EBIT € 188.4 million Significant increa

  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 09.05.2019 Analyst conference call on the interim results January to March 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 +26.1% +15.6% +35.1% +18.8% +7.7% +33.8

  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 2,604.8 2,544.1 + 571.2 1,972.9 mainly due to rights of use 2,018.1 2,027.8 Non-current assets 1,446.9 Current assets 526.0 526.0 577.0 31.12.2018 01.01.2019 31.03.2

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