Ntg Nordic Transport Group A/s · OMXCOP:NTG
Ntg Nordic Transport Group A/s — Q2 2023 Earnings Presentation
20 slides from Ntg Nordic Transport Group A/s's earnings presentation, August 2023
Slide 1: Q2 2023 Roadshow
Q2 2023 Roadshow NTG Nordic Transport Group August 2023
Slide 2: Information
Information This presentation has been prepared for information purposes only. This presentation (i) is Forward-looking statements may include, but are not limited to, projections of revenue, by necessity a summary of more detailed information, (ii) is not intended and should not statements relating
Slide 3: Today's presenters
Today’s presenters MICHAEL LARSEN CHRISTIAN D. JAKOBSEN Group CEO Group CFO 3
Slide 4: Agenda
Highlights Financial review AGENDA Other key figures Outlook & mid-term target Q&A 4
Slide 5: Q2 2023 highlights
Highlights Financial review Other key figures Q2 2023 highlights Outlook & mid-term target Q&A MARKET CONDITIONS CONTINUED WEAK SPOT MARKET DESTOCKING CYCLE FULL-YEAR OUTLOOK CONTINUE TO BE SLOWDOWN IN AND FUEL PRICE AND MACRO DRIVE UPDATED ON CHALLENGING ORGANIC GROWTH HEADWINDS IN R&L LOW VOLUMES
Slide 6: Financial review: Group (I/II)
Highlights Financial review Other key figures Financial review: Group (I/II) Outlook & mid-term target Q&A Q2 YTD COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ Continued headwinds from Net revenue 2,120 2,729 (22.3)% 4,374 4,907 (10.9)% challenging market Gross profit 482 533 (9.6)% 959 961 (0.2)% conditi
Slide 7: Financial review: Group (II/II)
Highlights Financial review Other key figures Financial review: Group (II/II) Outlook & mid-term target Q&A Gross margin Conversion ratio Operating margin 24% 45% 10% 22.9% 23% 22.7% 40% 9% 22% 22.3% 34.4% 7.9% 21% 35% 8% 20% 7.0% 30% 30.7% 7% 19% 18% 25% 6% 17% 20% 19.7% 5% 4.4% 16% 15% 15% 4% Q2’2
Slide 8: Financial review: Road & Logistics
Highlights Financial review Other key figures Financial review: Road & Logistics Outlook & mid-term target Q&A Q2 YTD COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ Spot market weakness, fuel Net revenue 1,575 1,779 (11.5)% 3,223 3,470 (7.1)% prices and lower volumes in Gross profit 360 383 (6.0)% 708 735
Slide 9: Financial review: Air & Ocean
Highlights Financial review Other key figures Financial review: Air & Ocean Outlook & mid-term target Q&A Q2 YTD COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ Freight rates have stabilised Net revenue 546 951 (42.6)% 1,151 1,437 (19.9)% somewhat but at a low level Gross profit 122 149 (18.1)% 251 226 11.1
Slide 10: Other key figures
Highlights Financial review Other key figures Other key figures Outlook & mid-term target Q&A Net working capital (DKKm) Adjusted free cash flow1 (DKKm) Net interest-bearing debt2 (DKKm) 545 367 361 262 223 201 220 152 39 45 28 (22) (73) (165) (140) 30-Jun-22 30-Jun-23 31-Mar-23 30-Sep-22 31-Dec-22
Slide 11: Updated full-year outlook 2023
Highlights Financial review Other key figures Updated full-year outlook 2023 Outlook & mid-term target Q&A DKKm 2022 realised 2023 outlook Adjusted EBIT 758 600 - 650 Key assumptions ▪ The outlook assumes that activity will pick up gradually during the second half of the year. ▪ Market conditions wi
Slide 12: Medium-term financial target
Highlights Financial review Other key figures Medium-term financial target Outlook & mid-term target Q&A Target DKK 1 billion in adjusted EBIT no later than 2027. Key assumptions ▪ NTG will strive to achieve the medium-term target with organic growth and M&A, financed by the cash flow and credit fac
Slide 13: Appendix
Appendix 7]
Slide 14: Business model of NTG
Highlights Financial review Other key figures Business model of NTG Outlook & mid-term target Appendix NTG core competencies Contract logistics/ Last mile Shipper Contract logistics cross-docking freight Consignee Freight forwarding ✓ Asset-light business model ✓ Focus on road, air, and ocean freigh
Slide 15: NTG at a glance
Highlights Financial review Other key figures NTG at a glance Outlook & mid-term target Appendix Business segments1 Founded Revenue1 (DKK) Road & 2011 10.2bn Logistics 34% 2022 revenue 66% Employees2 Revenue CAGR 2018-2022 Air & Ocean 2,009 23% Road & Logistics Air & Ocean Geographical footprint1 Op
Slide 16: Five-year overview
Highlights Financial review Other key figures Five-year overview Outlook & mid-term target Appendix Net revenue (DKKm) Adjusted EBIT (DKKm) Adjusted free cash flow (DKKm) 7.4% 7.4% 10,224 714 23% 4.9% 4.2% 3.9% 758 7,302 600-650 5,332 5,332 542 4,512 314 288 208 261 189 115 110 2018 2019 2020 2021 2
Slide 17: The history of NTG
Highlights Financial review Other key figures The history of NTG Outlook & mid-term target Appendix 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Rapid expansion Country entry # New start-ups 2 2 1 2 5 4 5 2 6 4 - 2 DK Nordics EAT Solution ATS Cargo Kettermann TAK EAT CargoWorld HC Sch
Slide 18: Global network of 66 subsidiaries in 22 countries
Highlights Financial review Other key figures Global network of 66 subsidiaries in 22 countries Outlook & mid-term target Appendix Overview of operational subsidiaries Operational subsidiaries by region 31 4 1 2 Northern Europe East Asia 12 30 Western Europe Rest of World 10 3 Eastern Europe North A
Slide 19: Multiple avenues for future growth
Highlights Financial review Other key figures Multiple avenues for future growth Outlook & mid-term target Appendix Acquisitions Accelerate growth by leveraging 3 M&A execution competencies. Establish new Add scale, new product 2 Establish newstart-ups using start-ups offerings, and new geographies.
Slide 20: NTG Nordic Transport Group A/S contact details
NTG Nordic Transport Group A/S Investor relations Press Hammerholmen 47 Christian D. Jakobsen Camilla Marcher Lydom DK-2650 Hvidovre Group CFO Investor Relations & Corporate Communication Manager www.ntg.com CVR no. 12546106 +45 4212 8099 +45 4212 8090 ir@ntg.com press@ntg.com
NTG Nordic Transport Group — Q2 2023 Earnings Presentation on 6ix