C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q2 2017 Earnings Presentation
21 slides from C.h. Robinson Worldwide's earnings presentation, Jul 19, 2017
Slide 1: Earnings Conference Call – Second Quarter 2017
Earnings Conference Call – Second Quarter 2017 July 20, 2017 John Wiehoff, Chairman & CEO Andrew Clarke, CFO Tim Gagnon, Director, Investor Relations Exhibit 99.2
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: Results Q2 2017
Results Q2 2017 Three months ended June 30 in thousands, except per share amounts and headcount Total revenues increased as a result of volume increases across all transportation services in the second quarter of 2017 when compared to the second quarter of 2016. Net revenue decrease of 3.4 percent w
Slide 4: Summarized Income Statement
Summarized Income Statement Personnel expenses increased as a result of headcount additions, partially offset by lower variable compensation when compared to the second quarter of 2016. SG&A expenses increased as a result of higher claims, acquisition amortization, bad debt, warehouse expenses and o
Slide 5: Other Financial Information
Other Financial Information Total debt balance $1.34 billion $500 million long-term debt, 4.28% average coupon $592 million drawn on revolver, 2.34% current rate as of June 30, 2017 $250 million accounts receivable securitization debt facility, 1.91% as of June 30, 2017 in thousands 5 Three months e
Slide 6: Capital Distribution
Capital Distribution Capital returned to shareholders during the quarter $64.2 million cash dividends $42.2 million in cash for share repurchase activity 566,463 shares repurchased in the second quarter Average price of $71.77 for the shares repurchased in the second quarter Target is to return appr
Slide 7: Net Revenue by Service Line Q2 2017
Net Revenue by Service Line Q2 2017 Net revenues by service line for the enterprise (all segments). in thousands 7 Three months ended June 30 Six months ended June 30
Slide 8: North America Truckload Cost and Price Change
North America Truckload cost and price change chart represents truckload shipments from all North America segments. Transportation net revenue margin represents total Transportation results from all segments. Purchase transportation costs increased throughout the second quarter negatively impacting
Slide 9: Transportation Results Q2 2017
Transportation Results Q2 2017(1) in thousands (1) Includes results across all segments. 9 Transportation net revenue margin declined in each of the transportation services in the second quarter of 2017 when compared to the second quarter of 2016. Three months ended June 30 Six months ended June 30
Slide 10: North American Surface Transportation (NAST) Results Q2 17
North American Surface Transportation (“NAST”) Results Q2 2017 Net revenues decreased primarily as a result of lower truckload margins when compared to the second quarter of 2016. NAST operating expenses increased 1.5 percent in the second quarter of 2017 when compared to the second quarter of 2016.
Slide 11: NAST Results by Service Line Q2 2017
NAST Results by Service Line Q2 2017 Truckload, Less Than Truckload, and Intermodal Net revenue decrease in the second quarter was a result of lower margins partially offset by increased volume when compared to the second quarter of 2016. Net revenue increase in the second quarter was primarily the
Slide 12: Global Forwarding Results Q2 2017
Global Forwarding Results Q2 2017 The acquisition of APC Logistics added approximately 12 percent to net revenue and 9 percent to average headcount growth in the second quarter of 2017 when compared to the second quarter of 2016. Global Forwarding operating expenses increased 24.8 percent when compa
Slide 13: Global Forwarding Results by Service Line Q2 2017
Global Forwarding Results by Service Line Q2 2017 Ocean, Air, and Customs APC added approximately 12 percent to ocean net revenues, 11 percent to air net revenues and 24 percent to customs net revenues. Achieved organic volume growth in each of the global forwarding services in the second quarter of
Slide 14: Robinson Fresh Results Q2 2017
Robinson Fresh results include revenues from sourcing and transportation services. Net revenue decrease was primarily the result of lower truckload margin and sourcing commodity pricing when compared to the second quarter of 2016. Robinson Fresh operating expenses increased 15 percent when compared
Slide 15: Robinson Fresh Results Q2 2017: Sourcing
Robinson Fresh Results Q2 2017 Sourcing Sourcing total revenue decrease was primarily the result of lower sourcing commodity pricing in the second quarter of 2017. Sourcing net revenue decrease was primarily the result of lower net revenue per case. Case volume was approximately flat compared to sec
Slide 16: Robinson Fresh Results Q2 2017: Transportation
Robinson Fresh Results Q2 2017 Transportation Transportation net revenue decrease was primarily a result of lower truckload net revenue margin when compared to the second quarter of 2016. in thousands 16 Does not include intersegment revenues. Represents price and cost YoY change for North America s
Slide 17: All Other and Corporate Results Q2 2017
Results represent business from Managed Services, Other Surface Transportation outside of North America, and other miscellaneous operations. Headcount includes personnel from shared services, Managed Services, Other Surface Transportation, and other miscellaneous operations. All Other and Corporate
Slide 18: All Other and Corporate Results by Service Line Q2 2017
All Other and Corporate Results by Service Line Q2 2017 Managed Services and Other Surface Transportation Managed Services net revenue growth was driven by new business with new and existing customers. Other Surface Transportation includes surface transportation outside of North America. Other Surfa
Slide 19: Final Comments
Final Comments July to date, total company net revenue per day, including APC Logistics, has increased approximately 2 percent when compared to July 2016. Truckload volume growth is lower than the second quarter growth rate. Second half 2017 priorities Adapt to changing market conditions Increased f
Slide 20: Appendix A: 2012 Summarized Adjusted Income Statement
Appendix A: 2012 Summarized Adjusted Income Statement To assist investors in understanding our financial performance, we supplement the financial results that are generated in accordance with the accounting principles generally accepted in the United States, or GAAP, with non-GAAP financial measures
Slide 21: C.H. Robinson
@ C.H. ROBINSON
C H Robinson Worldwide — Q2 2017 Earnings Presentation on 6ix