Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — 9M 2017 Earnings Presentation

25 slides from Kuehne & Nagel International's earnings presentation, Oct 16, 2017

  1. Slide 1: Analyst Conference – Nine-months 2017 results

    Kuehne + Nagel International AG Analyst Conference – Nine-months 2017 results October 16, 2017 (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 nine-months 2017 results Financial review Appendices © Kuehne + Nagel | Analyst Conference | October 16, 2017 | 3

  4. Slide 4: Highlights nine-months 2017

    Highlights nine-months 2017 Increased dynamics in volumes and results Net turnover growth of 11.5%1 and earnings for the period increase of 3.8%2 7.7% volume growth (+ 230,000 TEUs) with high conversion rate (29.2%); downward trend of GP/TEU margin stopped in Q3 2017 19.1% volume growth (+ 180,000 t

  5. Slide 5: Overview nine-months 2017 results

    Overview nine-months 2017 results Net turnover Gross profit EBIT in CHF million in CHF million in CHF million + 11.5% + 6.3% + 2.4% 13'525 13'657 12'247 5'210 1 5'136 694 1 685 4'900 678 + 10.4% + 4.8% + 1.0% 2016 2017 2017 cc 2016 2017 2017 cc 2016 2017 2017 cc 1 includes negative one-off impact fr

  6. Slide 6: Seafreight

    Seafreight Strong volume growth + 8% or + 230,000 TEUs, gaining market share GP/TEU margin: signs of recovery in Q3 2017 © Kuehne + Nagel | Analyst Conference | October 16, 2017 | 6

  7. Slide 7: Seafreight – Performance of business unit

    Seafreight – Performance of business unit YTD YTD Variance Income statement in CHF million Q3 2016 Q3 2017 2017/2016 Growth Forex 1 Turnover 5'975 6'546 9.6% 9.9% (0.3%) Gross profit 1'068 1'053 (1.4%) (0.6%) (0.8%) EBITDA 354 324 (8.5%) (7.7%) (0.8%) EBIT 340 308 (9.4%) (8.2%) (1.2%) EBIT in % of G

  8. Slide 8: Airfreight

    Airfreight Strong volume growth + 19% or + 180,000 tons, gaining significant market share Market lead in perishables logistics expanded © Kuehne + Nagel | Analyst Conference | October 16, 2017 | 8

  9. Slide 9: Airfreight – Performance of business unit

    Airfreight – Performance of business unit Income statement YTD YTD Variance in CHF million Q3 2016 Q3 2017 2017/2016 Growth Forex 1 Acquisitions: Turnover 2'869 3'380 17.8% 18.3% (0.5%)  Trillvane closed on Sep Gross profit 717 749 4.5% 5.8% (1.3%) 7, 2017, consolidated for EBITDA 231 240 3.9% 6.1%

  10. Slide 10: Overland

    Overland Strong net turnover growth of + 5% EBIT + CHF 18 million, + 100% © Kuehne + Nagel | Analyst Conference | October 16, 2017 | 10

  11. Slide 11: Overland – Performance of business unit

    Overland – Performance of business unit Income statement YTD YTD Variance in CHF million Q3 2016 Q3 2017 2017/2016 Growth Forex 1 Net turnover 2'152 2'263 5.2% 5.4% (0.2%) Gross profit 672 703 4.6% 5.0% (0.4%) EBITDA 49 67 36.7% 36.7% - EBIT 18 36 100.0% 100.0% - EBITDA / Net turnover margin 2.3% 3.

  12. Slide 12: Contract Logistics

    Contract Logistics Strong business growth of + 6% especially in pharma and e-commerce fulfilment © Kuehne + Nagel | Analyst Conference | October 16, 2017 | 12

  13. Slide 13: Contract Logistics – Performance of business unit

    Contract Logistics – Performance of business unit Income statement YTD YTD Variance 1 Q3 2016 Q3 2017 2016/2017 Growth Acquisition Forex 2 Net turnover 3'328 3'510 5.5% 7.1% 0.3% (1.9%) Gross profit 2'443 2'631 7.7% 9.5% 0.4% (2.2%) EBITDA 183 209 14.2% 13.7% 0.5% - EBIT 100 114 14.0% 20.0% (6.0%) -

  14. Slide 14: Overview nine-months 2017 results / Financial review / Appendices

    Overview nine-months 2017 results Financial review Appendices © Kuehne + Nagel | Analyst Conference | October 16, 2017 | 14

  15. Slide 15: Income statement

    Income statement 2016 2016 2016 YTD Q3 2017 2017 2017 YTD Q3 Variance Variance in % CHF million 1 Q1 Q2 Q3 2016 Q1 Q2 Q3 2017 2017/2016 Q1 Q2 Q3 2017/2016 Growth Acquisition Forex 2 Net turnover 4'010 4'137 4'100 12'247 4'299 4'516 4'710 13'525 1'278 289 379 610 10.4% 11.4% 0.1% (1.1%) Gross profit

  16. Slide 16: Financial overview

    Financial overview CHF million YTD Q3 YTD Q3 ROCE 2016 2017 75% Net turnover 12'247 13'525 70% 70% Gross profit 4'900 5'136 70% * 69% 70% 69% 69% 68% 68% EBITDA 817 840 67% EBIT 678 685 66% 64% EBIT margin to net turnover 5.5% 5.1% 65% Net earnings for the period 531 538 60% EPS (basic) in CHF 4.43

  17. Slide 17: Balance sheet

    Balance sheet CHF million 31 December 30 September 31 December 30 September 2016 2017 2016 2017 Assets Liabilities and equity Property, plant and equipment 1'127 1'200 Equity attributable to the equity 2'160 2'063 holders of the parent company Goodwill 758 781 Other intangibles 82 73 Non-controlling

  18. Slide 18: Cash flow nine-months 2017

    Cash flow nine-months 2017 CHF million 2016 2017 Variance Operational cash flow 814 851 37 Changes in working capital (48) (174) (126) Income taxes paid (161) (183) (22) Cash flow from operating activities 605 494 (111) Cash flow from investing activities (108) (95) 13 Cash flow from financing activ

  19. Slide 19: Working capital development

    Working capital development Better/(worse) Sep Sep CHF million Sep 2017 vs. 2016 2017 Sep 2016 Trade receivables & Work in progress 2'808 3'495 (687) Trade payables & Accrued trade expenses (2'168) (2'652) 484 Net working capital 640 843 (203) KPIs: Working capital intensity 3.2% 3.7% (0.5%) DSO 46.

  20. Slide 20: Appendices

    © Kuehne + Nagel | Analyst Conference | October 16, 2017 | 20

  21. Slide 21: Upcoming events

    Upcoming events February 28, 2018 Full year 2017 results April 24, 2018 Three-months 2018 results May 8, 2018 Annual General Meeting July 19, 2018 Half-year 2017 results October 18, 2018 Nine-months 2018 results © Kuehne + Nagel | Analyst Conference | October 16, 2017 | 21

  22. Slide 22: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 CHF million 2017 2016 2017 / 2016 Change in % 2017 / 2016 Change in mCHF Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 1. Seafreight A) Income Statement Turnover 2'095 2'167 2'284 6'546 1'972 1'960 2'043 5'975 +6.2 +10.6 +11.8 +9.6 123 207 241 571 Net Tur

  23. Slide 23: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 2017 2016 2017 / 2016 Change in % 2017 / 2016 Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 3. Overland A) Income Statement Turnover 794 826 822 2'442 749 814 757 2'320 +6.0 +1.5 +8.6 +5.3 45 12 65 122 Net Turnover 730 767 766 2

  24. Slide 24: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 CHF million 2017 2016 2017 / 2016 Change in % 2017 / 2016 Change in mCHF Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 5'185 5'390 5'633 16'208 4'865 5'002 4'971 14'838 +6.6 +7.8 +13.3 +9.2 320 388 662

  25. Slide 25: 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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