Hamburger Hafen Und Logistik Ag · XETR:HHFA
Hamburger Hafen Und Logistik — FY2017 Earnings Presentation
24 slides from Hamburger Hafen Und Logistik's earnings presentation, Mar 28, 2018
Slide 1: Analyst conference on the 2017 financial year results
HAMBURGER HAFEN UND LOGISTIK AG Analyst conference on the 2017 financial year results Hamburg, 28 March 2018 © Hamburger Hafen und Logistik AG
Slide 2: Disclaimer
Disclaimer The facts and information contained herein are as up to date as is reasonably possible and are subject to revision in the future. Neither the Company nor any of its parent or subsidiary undertakings nor any of such person’s directors, officers, employees or advisors nor any other person m
Slide 3: Agenda
Agenda Business development 2017 Angela Titzrath, CEO Financial performance 2017 Dr. Roland Lappin, CFO Business forecast 2018 Dr. Roland Lappin, CFO Strategic outlook Angela Titzrath, CEO Angela Titzrath, CEO Questions & answers Dr. Roland Lappin, CFO Analyst Conference - Hamburg, 28 Marc
Slide 4: Transiidikeskuse: Biggest terminal operator in Estonia
Recent news Transiidikeskuse: Biggest terminal operator in Estonia HHLA to acquire 100 % of the shares of the Estonian port operator Transiidikeskuse AS (TK) in Muuga TK is clear market leader in container handling in the Baltic country and operates a multipurpose terminal for break bulk, bulk a
Slide 5: Summary of major achievements in 2017
Summary of major achievements in 2017 Business development 2017 Positive financial development successfully continued HHLA benefited from positive development of global economy and world trade Intensive customer negotiations and sales activities strengthened our position and led to market share gain
Slide 6: Business environment 2017
Business development 2017 Business environment 2017 Sustainable positive GDP development supports container throughput growth GDP World World trade Macroeconomic environment 2017 Strongest growth of global economy since 2010 + 3.7 % + 4.7 % Stabilisation of Chinese GDP, even slightly better than
Slide 7: Financial highlights 2017 of Port Logistics subgroup
Financial performance 2017 Financial highlights 2017 of Port Logistics subgroup Significant growth in revenue and strong results Revenue EBIT EBIT margin € 1,220.3 million € 156.6 million 12.8 % + 6.5 % + 6.1 % - 0.1 pp Profit after tax ROCE Operating cash flow and minorities € 71.2 million 13.6 % €
Slide 8: Throughput and transport development
Financial performance 2017 Throughput and transport development Container throughput as well as container transport with ongoing strong volume development Container throughput in thousand TEU Throughput growth was mainly driven + 8.1 % by positive effects from the newly aligned service structures
Slide 9: Container segment
Container segment Financial performance 2017 EBIT and revenue up due to substantially higher throughput volume Revenue ■ 2016 ■ 2017 OpEx ■ 2016 ■ 2017 Revenue almost in line with volume rise + 7.5 % + 10.5 % Average revenue per TEU impacted by 694.6 746.6 576.7 637.2 temporarily higher storag
Slide 10: Intermodal segment
Financial performance 2017 Intermodal segment Superior EBIT-level, margin progressed Revenue ■ 2016 ■ 2017 OpEx ■ 2016 ■ 2017 Top line growth exceeded transport + 6.1 % + 2.9 % volume development 414.0 390.1 334.2 344.1 Strong EBIT increase due to: Train utilization further improved, Road tr
Slide 11: Logistics segment
Financial performance 2017 Logistics segment EBIT moved into profit after termination of project and contract logistics activities Revenue ■ 2016 ■ 2017 EBIT ■ 2016 ■ 2017 Revenue impacted by the termination - 7.6 % of project and contract logistics 55.0 50.8 2.6 Discontinuation of loss-making p
Slide 12: Earnings bridge
Financial performance 2017 Earnings bridge Net profit increased substantially mainly due to improved operating result in € million, figures of Port Logistics subgroup (change vs. 2016) Dividend proposal € 0.67 per Class A share 156.6 4.8 15.4* (+ 7.3) 37.2 (+ 0.1) 12.9 (- 0.3) EPS € 1.02 37.6* Adjus
Slide 13: Financial stability
Financial stability Financial performance 2017 Key financial metrics further improved Equity development / Equity ratio Ø Capital employed / ROCE Profit after tax and minorities / EPS in € million in € million in € million / in € 71.2 572.9 63.7 542.5 528.7 555.8 1,186.2 1,146.5 1,134.0 1,149.4 1,15
Slide 14: Macroeconomic and sector outlook
Business Forecast 2018 Macroeconomic and sector outlook Macroeconomic forecast remains stable – throughput expectation for 2018 with positive dynamics GDP World World trade Macroeconomic outlook 2018 Global growth dynamics supposed to continue on a sound level + 3.9 % + 4.6 % World trade prospec
Slide 15: Outlook 2018
Business Forecast 2018 Outlook 2018 Port Logistics subgroup 2017 Guidance 2018 Container throughput 7,196 thousand TEU in the region of previous year Container transport 1,480 thousand TEU in the region of previous year Revenues € 1,220.3 million in the region of previous year EBIT € 156.6 million s
Slide 16: THE logistical and digitally innovative hub
THE logistical and digitally innovative hub Strategic outlook HHLA Port Logistics’ strategic position HHLA Port Logistics is the logistical and digitally innovative hub along the new continental and maritime Silk Road Internationalisation will continue with HHLA opening up for new transport routes
Slide 17: Growth and efficiency as guiding principles
Growth and efficiency as guiding principles Strategic outlook Strategy will allow for sustained growth Mid-term targets to ensure growth and efficiency improvements: HHLA Port Logistics will invest ~ € 800 million until 2022 to grow organically HHLA Port Logistics will fund investments from own
Slide 18: Strategic approach to enhance growth and efficiency
Strategic approach to enhance growth and efficiency Strategic outlook Two-tier approach along three action fields Action field Programme Investments 1 Strengthen the existing core business Innovations Open up new growth potential along the 2 transport streams of the future Mergers & acquisitions © H
Slide 19: Strengthen the existing core business
Strengthen the existing core business Strategic outlook Investments* Container: ~ € 450 million Intermodal: ~ € 350 million 2018 – 2022 Increasing volume peaks due to growing ship sizes Bottlenecks in infrastructural capacities Sustain know-how- and efficiency-based Consolidation amongst c
Slide 20: Open up new growth potential along the transport streams of the future
Open up new growth potential Strategic outlook Along the transport streams of the future Container Intermodal Logistics Innovations and M&A 2018 – 2022 Organically Inorganically IHATEC* Structured terminal evaluation to identify and evaluate Green port terminal attractive investment options
Slide 21: HHLA Port Logistics
HHLA Port Logistics Strategic outlook THE logistical and digitally innovative hub Connection of transport streams and data streams Cross-borders, cross- countries, cross-languages, cross-infrastructure Port of Hamburg is Germany’s largest logistics hub Dense hub and railway network in the West of th
Slide 22: HHLA Port Logistics – gateway to the future
HHLA Port Logistics – gateway to the future HHLA Port Logistics GATEWAY TO THE FUTURE © Hamburger Hafen und Logistik AG 22
Slide 23: Financial calendar / IR contact
Financial calendar / IR contact Financial calendar 2018 IR contact Phone: +49 40 3088 3397 Fax: +49 40 3088 55 3397 28 March 2018 Annual Report 2017 Analyst Conference E-mail: investor-relations@hhla.de Web: www.hhla.de 15 May 2018 Interim Statement January - March 2018 Analyst Conference Call 12 Ju
Slide 24: Annual Report 2017
Annual Report 2017 http://report.hhla.de/annual-report-2017 © Hamburger Hafen und Logistik AG
Hamburger Hafen und Logistik — FY2017 Earnings Presentation on 6ix