Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q4 2020 Earnings Presentation
14 slides from Landstar System's earnings presentation, Jan 27, 2021
Slide 1: Landstar System, Inc. Earnings Conference Call Fourth Quarter 2020
January 27, 2021 Landstar System, Inc. Earnings Conference Call Fourth Quarter 2020 Date Published: 01/27/2021 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements Disclaimer: The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made in this slide presentation that are not based on historical facts are “forward looking statements.” This presentation may make certain stateme
Slide 3: Model Definition
Model Definition Landstar is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third party capacity providers and employees. Date Published: 01/27/2021
Slide 4: The Network
The Network Landstar Employees Approx. 1,300 Agents Approx. 1,200 Customers 25,000+ Capacity 79,000+ 2020 Results $4.1 billion in revenue 2.0 million loadings 508 million dollar agents 10,991 BCO trucks (2020 year-end) 69,025 Carriers (2020 year-end) 17,000+ Trailers (2020 year-end) Date Published:
Slide 5: Percentage of Revenue by Transportation Mode
Percentage of Revenue 4Q19 4Q20 Truck Transportation Truckload Van equipment 57% 63% Unsided/platform equipment 32% 27% Less-than-truckload 2% 2% Rail intermodal 3% 3% Ocean and air cargo 3% 3% Transportation Management Services Date Published: 01/27/2021
Slide 6: Revenue
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 01/27/2021 Quarter Fiscal Year
Slide 7: Truckload Loadings and Revenue per Load
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 01/27/2021
Slide 8: Industries Served
As a Percentage of Transportation Revenue 4Q19 4Q20 Quarter over Prior Year Quarter Growth Consumer Durables 24.6 28.0 48% Machinery 14.1 10.8 0% Building Products 9.0 8.9 29% AA&E, Hazmat 8.2 8.0 27% Automotive 7.7 8.0 36% Foodstuffs 4.5 4.3 25% Metals 5.7 4.4 3% Substitute Line Haul 4.4 7.4 120% O
Slide 9: Gross Profit and Gross Profit Margin
14.9% 14.1% Gross profit equals revenue less the cost of purchased transportation and commissions to agents. Gross profit margin equals gross profit divided by revenue. Revenue on transactions with a fixed gross profit margin was 51% and 50% of revenue in the 2019 and 2020 fiscal year periods, respe
Slide 10: Operating Income and Operating Margin
Operating margin equals operating income divided by gross profit. Excluding the impact of the $15.5 million one-time cost related to buyouts of certain agent incentive commission arrangements and the $12.6 million of pandemic relief incentive payments from the 2020 fiscal year period, operating marg
Slide 11: Truck Capacity Data
Date Published: 01/27/2021 Truck Capacity Data (All information is provided as of the end of the period)
Slide 12: Key Balance Sheet and Cash Flow Statistics
Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Capital expenditures includes cash capital expenditures of $30.6 million and approximately $2.8 million for the acquisition of a business during the 2020 year-to-date period. Date Published: 01/27/202
Slide 13: Free Cash Flow, Stock Purchases and Dividends
Free Cash Flow (1) , Stock Purchases and Dividends Date Published: 01/27/2021 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide.
Slide 14: DESIGNED TO) RESPOND
DESIGNED TO) RESPOND SUILT TO DELIVER: Pubtished: 01/27/2021