S.f. Holding Co., Ltd. Class A · SZSE:002352
S.f. Holding Co., Ltd. Class A — H1 2023 Earnings Presentation
26 slides from S.f. Holding Co., Ltd. Class A's earnings presentation, 2023
Slide 1: 1H2023 Investor Presentation
Stock Code 002352.SZ S.F. Holding 1H2023 Investor Presentation
Slide 2: Disclaimer
Disclaimer This document is prepared by S.F. Holding Co., Ltd. (顺丰控股股份有限公司) (the "Company"). By reading this document, you agree to be bound by the following limitations: • Unauthorized duplication, reproduction, transmission or redistribution of this document or information contained herein in any
Slide 3: Agenda – 1H2023 Investor Presentation
Agenda – 1H2023 Investor Presentation # Section 1 Business Overview 2 Financial Overview 3 Q&A Business Overview Financials Overview Q&A 3
Slide 4: Outstanding 1H2023 performance - sustainable and robust growth
Outstanding 1H2023 performance - sustainable and robust growth SF is at an inflection point Achieved highest semiannual net profit attributable to owners of the company since listing Second Growth Curve Strategic focus on mid Time-definite: Continued growth driven by enhanced timeliness and covera
Slide 5: Time-definite: volume growth driven by exceptional service quality and customer experience
Time-definite: volume growth driven by exceptional service quality and customer experience Strong growth in parcel volume Consumer segment the key driver Time-definite express volume and growth Breakdown of parcel volume Consumer Industrial and others Business parcels 1H2022 1H2023 Serving productio
Slide 6: Economy: Differentiated strategies with a focus to expand in core markets
Economy: Differentiated strategies with a focus to expand in core markets Continued high growth in parcel volume1 Improved revenue and gross profit per parcel E-commerce standard E-commerce standard E-commerce standard parcel volume revenue per parcel gross income per parcel2 Growth in gross profit
Slide 7: Freight + Intra-City: Profitability continues to improve
Freight + Intra-City: Profitability continues to improve Freight: Leading service capabilities Intra-City: Achieved sustainable high growth and turned profitable and improved profitability for the first time since inception Directly-operated Franchising Delivery time1 60%+ 25% % of revenue from 2C r
Slide 8: International express: Enhanced competitiveness
International express: Enhanced competitiveness Huge room for growth in International Express and Enhanced competitiveness in international express in Asia E-commerce Logistics1 Enhanced time-definite capabilities2 Global 2022-2027 CAGR US$272.5bn 7.3% Improvement in D+2 on-time ratio (China to SEA
Slide 9: Supply Chain & International: Breakthroughs in innovation and integration
Supply Chain & International: Breakthroughs in innovation and integration Intelligent supply chain products: Form intelligent supply chain products - Feng Zhi Cloud Chain, Feng Zhi Cloud Strategy and Feng Zhi Cloud Tower - for different levels of customer demands Case Serving production scenarios Fe
Slide 10: Multi-network integration and other cost initiatives
Multi-network integration and other cost initiatives Capacity integration Route integration: integrated last mile and line haul routes and increased frequency of routes Continued cost saving4 Warehouse integration: fully utilized idle warehouses Resource reusage: switched idling vehicles from
Slide 11: 1H2023 Progress of business model reform
1H2023 Progress of business model reform Capacity: Disciplined investments Lower Increase line haul and short-haul capacity1 transportation cost Available line haul capacity +*ppts Cost per kg in 2023H13 Excl. fuel price Available short-haul capacity +*ppts Down *% Down *% Promotion of Resource
Slide 12: Ezhou Cargo Hub Commencement
Ezhou Cargo Hub Commencement The FIRST domestic route “Shenzhen-Ezhou” launched in July 2022. The FIRST international route “Ezhou-Liège” launched in April 2023. Ezhou transit center is scheduled to launch operation in 3Q2023 Covering over 700k square meters 280k parcels processed / hour during
Slide 13: Case 1: Differentiated Capabilities Help Emerging e-commerce Platforms Go Overseas
Case 1: Differentiated Capabilities Help Emerging e-commerce Platforms Go Overseas Global full-spectrum, end-to-end services Time-definite Economy LTL Large parcel FTL International Domestic Global Cross-border transport Last-mile delivery by SF on-site Belly/all-cargo aircraft Belly/all-cargo Last-
Slide 14: Case 2: End-to-end Digitization and Customized Services for Luxury Brand
Case 2: End-to-end Digitization and Customized Services for Luxury Brand 2013 Dedicated network Started Self-operated stores Delivery of high-quality service transportation corporation Offline Transfer Tailored services and Dedicated delivery person process Superior service etiquette Couriers select
Slide 15: Agenda – 1H2023 investor presentation
Agenda – 1H2023 investor presentation # Section 1 Business Overview 2 Financial Overview 3 Q&A Business Overview Financials Overview Q&A 15
Slide 16: 1H2023 Results: The Highest Semiannual Net Profit in the Backdrop of a Weak International Freight Market
1H2023 Results: The Highest Semiannual Net Profit in the Backdrop of a Weak International Freight Market The highest semiannual net profit attributable to the owners of the 1H2023 KPIs company since listing Unit: RMB100 million 1H net profit attributable to Volume (shipments)1 YoY growth the owners
Slide 17: Revenue and Volume: Continued Revenue Growth Supported by Rebound in Parcel Volume
Revenue and Volume: Continued Revenue Growth Supported by Rebound in Parcel Volume Stable revenue growth from express and logistics segment Higher-than-industry volume growth2 SF 37.3% 34.5% 29.1% SF - 14.6% 47.2% -4.4% 68.5% 29.7% 5.5% YoY growth YoY growth3 Industry 31.2% 29.9% 2.1% 3.7% 16.2% YoY
Slide 18: Revenue Breakdown: Balanced Revenue Mix and Enhanced Integrated Logistics Service Capabilities
Revenue Breakdown: Balanced Revenue Mix and Enhanced Integrated Logistics Service Capabilities 1.8% 2.8% Time-definite Express Economy Express 23.2% Freight 35.8% 37.9% 45.1% Cold Chain and Pharmaceutical 20221H 2.7% 20231H Unit: RMB100 million Intra-City On-Demand Delivery 2022H1 4.3% Supply Chain
Slide 19: Gross Profit and Margin: Recovery Driven by Lean Operations
Gross Profit and Margin: Recovery Driven by Lean Operations 350.00 20.00% Gross profit and margin by half year 18.00% 300.00 Enhancement drivers 16.00% Unit: RMB100 million 250.00 Gross profit 14.00% Gross profit margin 13.5% 12.00% China’s recovery in production and consumption has driven a 200.00
Slide 20: Costs: Transportation Costs as % of Revenue Improved
Costs: Transportion Costs as % of Revenue Improved Labor costs and as % of revenue Transportation costs and as % of revenue Other operating costs and as % of revenue Unit: RMB100 million Unit: RMB100 million Unit: RMB100 million Incl. KLN 1,000.00 50.0% 900.00 Excl. KLN ↑2.3ppts 1,000 42.4% 45.0%1,0
Slide 21: Net Profit and Expenses: net profit attributable to the owners of the company increased Significantly
Net Profit and Expenses: net profit attributable to the owners of the company increased Significantly Net profit/margin attributable to the owners of the company General & administrative expense as % of revenue Sales expense as % of revenue Unit: RMB100 million 75.00 3.4% 3.5% 65.00 3.0% ↓*ppts ↓*pp
Slide 22: Asset Structure and Cash Flow: Asset Structure is Optimized, Capital Expenditure as % of Revenue Decreased
Asset Structure and Cash Flow: Asset Structure is Optimized, Capital Expenditure as % of Revenue Decreased Asset structure Net cash flow Capital expenditure Unit: RMB100 million Unit: RMB100 million Unit: RMB100 million 3000 60.0% 54.7% 53.6% 53.4% Equity 35 48.9% Capital 2500 50.0% investment expen
Slide 23: Asia's Largest Integrated Logistics Service Provider, Leadership Positions across All Logistics Sub-sectors
Asia’s Largest Integrated Logistics Service Provider, Leadership Positions across All Logistics Sub-sectors Time-definite Cold Chain and Intra-City On- Supply Chain & Economy Express Freight Express Pharmaceutical Demand Delivery International Market No.1 No.1 No.1 No.1 No.1 position Asia’s larges
Slide 24: A Hong Kong Listing is an Important Step in our Global Expansion Strategy
A Hong Kong Listing is an Important Step in our Global Expansion Strategy Rationale for Hong Kong Listing Use of proceeds Accelerate global strategy 1 International and cross-border logistics Establish offshore financing platform 2 Logistics network and service offerings in China Enhance global prof
Slide 25: Agenda – 1H investor presentation
Agenda – 1H investor presentation # Section 1 Business Overview 2 Financial Overview 3 Q&A Business Overview Financials Overview Q&A 25
Slide 26: SF 30 Years All about You We Deliver as Promised
Stock Code 002352.SZ SF 30 Years All about You We Deliver as Promised 26