C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q4 2013 Earnings Presentation
20 slides from C.h. Robinson Worldwide's earnings presentation, Feb 4, 2014
Slide 1: Earnings Conference Call – Fourth Quarter 2013
Exhibit 99.2 Earnings Conference Call – Fourth Quarter 2013 February 5, 2014 John Wiehoff, Chairman & CEO Chad Lindbloom, CFO Tim Gagnon, Director, Investor Relations
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: Q4 2013 Results
Q4 2013 Results in thousands, except per share amounts Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2013 2012 % Change Total revenues $3,152,882 $2,970,876 6.1% $12,752,076 $11,359,113 12.3% Total net revenues $444,465 $444,632 0.0% $1,836,095 $1,717,571 6.9% I
Slide 4: 2013 Actual Compared to 2012 Pro Forma
2013 Actual Compared to 2012 Pro Forma in thousands Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2012 Pro % Change 2013 Actual Actual Pro Forma Pro Forma Forma Pro Forma Total revenues $3,152,882 $3,038,595 3.8% $12,752,076 $12,010,326 6.2% Total net revenues $
Slide 5: Transportation Results Q4 2013
Transportation Results Q4 2013 TRANSPORTATION in thousands Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2013 2012 % Change Total revenues $2,767,550 $2,585,930 7.0% $11,069,710 $9,685,415 14.3% Total net revenues $416,020 $409,141 1.7% $1,698,395 $1,528,137 11.
Slide 6: Truckload Results Q4 2013
Truckload Results Q4 2013 TRUCKLOAD NET REVENUES in thousands Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2013 2012 % Change $256,117 $271,248 -5.6% $1,054,565 $1,060,120 -0.5% Year over year change Year to TRUCKLOAD Quarter Date Volume 7% 10% Pricing * 3.5% 2
Slide 7: LTL Results Q4 2013
LTL Results Q4 2013 LTL NET REVENUES in thousands Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2013 2012 % Change $58,839 $57,025 3.2% $239,477 $224,160 6.8% Year over year change LTL Quarter Year to Date Volume 4% 7% Pricing Net revenue margin • Net revenue gr
Slide 8: Intermodal Results Q4 2013
Intermodal Results Q4 2013 INTERMODAL NET REVENUES in thousands Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2013 2012 % Change $9,861 $9,011 9.4% $39,084 $38,815 0.7% Year over year change Year to Quarter Date Volume Pricing Net revenue margin • Net revenues i
Slide 9: Global Forwarding Results Q4 2013
Global Forwarding Results Q4 2013 Ocean, Air and Customs NET REVENUES in thousands Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2013 2012 % Change Ocean $46,367 $33,707 37.6% $187,671 $84,924 121.0% Air $17,982 $15,948 12.8% $73,089 $44,444 64.5% Customs $9,271
Slide 10: Phoenix Integration Update
Phoenix Integration Update in thousands OCEAN, AIR, AND CUSTOMS NET REVENUE Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2013 2012 % Change Actual C.H. Robinson net $297,338 $147,593 101.5% $73,620 $56,437 30.4% revenue $136,683 Phoenix net revenue * $11,440 $2
Slide 11: Other Logistics Services Results Q4 2013
Other Logistics Services Results Q4 2013 NET REVENUES in thousands Three months ended December 31, Twelve months ended December 31, 2013 2012 % Change 2013 2012 % Change $17,583 $15,420 14.0% $67,931 $57,449 18.2% • Other Logistics Services net revenues include transportation management services, wa
Slide 12: Sourcing Results Q4 2013
Sourcing Results Q4 2013 SOURCING in thousands Three months ended December 31, Twelve months ended December 2013 2012 % Change 2013 31, 2012 % Change Total revenues $382,098 $379,479 0.7% $1,669,134 $1,620,183 3.0% Total net revenues $25,799 $30,543 -15.5% $126,950 $136,438 -7.0% Net revenue margin
Slide 13: Other Financial Information
Other Financial Information in thousands CASH FLOW DATA Three months ended December 31 Twelve months ended December 31 2013 2012 % Change 2013 2012 % Change Net cash provided by operating activities - actual/reported $164,848 $193,186 -14.7% $347,777 $460,342 -24.5% Adjust: Impact of accrued income
Slide 14: Repurchases of Common Stock
Repurchases of Common Stock in thousands, except per share Q4 2013 YTD through December 31, 2013 Other ASR Total ASR Other Activity Total Activity Shares 1,195 1,540 2,735 7,314 5,211 12,525 Average price per $59.04 $59.57 share Total cost of shares $90,923 $310,449 • Other activity includes the sha
Slide 15: 2014 Thoughts and Initiatives
2014 Thoughts and Initiatives CAGR CAGR Long Term 1997-2007 2007-2012 Growth Target Total revenue growth 15% 9% 6-11% Net revenue growth 20% 7% 5-10% Income from operations growth 25% 7% 5-10% Diluted earnings per share growth 24% 8% 7-12% • Our long term growth targets assume margin stabilization,
Slide 16: Appendix A: Q4 2012 Actual to Pro Forma Reconciliation
Appendix A: Q4 2012 Actual to Pro Forma Reconciliation in thousands Three months ended December 31, * See next slide for explanation of footnotes 1, 2 & 3 16
Slide 17: Appendix A: Q4 2012 Actual to Pro Forma Reconciliation
Appendix A: Q4 2012 Actual to Pro Forma Reconciliation 1. 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 consists of transaction-related bonuses. The adjustments to other operatin
Slide 18: Appendix B: 2012 Actual to Pro Forma Reconciliation
Appendix B: 2012 Actual to Pro Forma Reconciliation in thousands Twelve months ended December 31, * See next slide for explanation of footnotes 1, 2 & 3 18
Slide 19: Appendix B: Twelve Month 2012 Actual to Pro Forma Reconciliation
Appendix B: Twelve Month 2012 Actual to Pro Forma Reconciliation 1. 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 consists of transaction-related bonuses. The adjustments to othe
Slide 20: C.H. Robinson
® C.H. ROBINSON CA
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