C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q3 2014 Earnings Presentation
16 slides from C.h. Robinson Worldwide's earnings presentation, Oct 28, 2014
Slide 1: Earnings Conference Call – Third Quarter 2014
Exhibit 99.2 Earnings Conference Call – Third Quarter 2014 October 29, 2014 John Wiehoff, Chairman & CEO Chad Lindbloom, CFO Tim Gagnon, Director, Investor Relations
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 Q3 2014
Results Q3 2014 in thousands, except per share amounts Three months ended September 30 Nine months ended September 30 2014 2013 % Change 2014 2013 % Change Total revenues $3,467,362 $3,316,665 4.5% $10,112,865 $9,599,194 5.4% Total net revenues $527,564 $463,306 13.9% $1,505,836 $1,391,630 8.2% Inco
Slide 4: Transportation Results Q3 2014
Transportation Results Q3 2014 TRANSPORTATION in thousands Three months ended September 30 Nine months ended September 30 2014 2013 % Change 2014 2013 % Change Total revenues $3,069,056 $2,880,901 6.5% $8,911,683 $8,302,160 7.3% Total net revenues $493,987 $429,978 14.9% $1,405,418 $1,282,375 9.6% N
Slide 5: Truckload Results Q3 2014
Truckload Results Q3 2014 Year over year change North America TRUCKLOAD NET REVENUES in thousands Truckload Quarter YTD Three months ended Sept 30 Nine months ended Sept 30 Volume 1% 2% 2014 2013 % Change 2014 2013 % Change Approximate pricing* 10% 10% $307,376 $265,509 15.8% $882,774 $798,448 10.6%
Slide 6: LTL Results Q3 2014
LTL Results Q3 2014 Year over year change LTL NET REVENUES in thousands LTL Quarter YTD Three months ended Sept 30 Nine months ended Sept 30 2014 2013 % Change 2014 2013 % Change Volume 7% 7% $67,968 $61,436 10.6% $195,482 $180,638 8.2% Pricing Net revenue margin Total shipments increased approximat
Slide 7: Intermodal Results Q3 2014
Intermodal Results Q3 2014 Year over year change INTERMODAL NET REVENUES in thousands Three months ended Sept 30 Nine months ended Sept 30 INTERMODAL Quarter YTD 2014 2013 % Change 2014 2013 % Change Volume 0% -1% $10,593 $10,202 3.8% $30,396 $29,223 4.0% Pricing Net revenue margin Net revenue growt
Slide 8: Global Forwarding Results Q3 2014
Global Forwarding Results Q3 2014 Ocean, Air and Customs NET REVENUES in thousands Three months ended Sept 30 Nine months ended Sept 30 2014 2013 % Change 2014 2013 % Change Ocean $57,380 $49,692 15.5% $151,478 $141,304 7.2% Air $20,520 $18,137 13.1% $59,721 $55,107 8.4% Customs $11,107 $8,932 24.4%
Slide 9: Other Logistics Services Results Q3 2014
Other Logistics Services Results Q3 2014 NET REVENUES in thousands Three months ended Sept 30 Nine months ended Sept 30 2014 2013 % Change 2014 2013 % Change $19,043 $16,070 18.5% $54,816 $50,348 8.9% Other Logistics Services net revenues include transportation management services, warehousing and s
Slide 10: Sourcing Results Q3 2014
Sourcing Results Q3 2014 SOURCING NET REVENUES in thousands Three months ended Sept 30 Nine months ended Sept 30 2014 2013 % Change 2014 2013 % Change Total revenues $393,980 $432,373 -8.9% $1,190,604 $1,287,036 -7.5% Total net revenues $29,801 $30,553 -2.5% $91,541 $101,151 -9.5% Net revenue margin
Slide 11: Summarized Income Statement
Summarized Income Statement in thousands Three months ended September 30 Nine months ended September 30 2014 2013 % Change 2014 2013 % Change Total revenues $3,467,362 $3,316,665 4.5% $10,112,865 $9,599,194 5.4% Total net revenues 527,564 463,306 13.9% 1,505,836 1,391,630 8.2% Personnel expenses 244
Slide 12: Other Financial Information
Other Financial Information in thousands CASH FLOW DATA Three months ended Sept 30 2014 2013 % Change Net cash provided by operating activities $176,954 $124,658 42.0% Capital expenditures, net $6,312 $11,659 -45.9% BALANCE SHEET DATA • Strong cash flow quarter Sept 30, 2014 • Total debt balance $84
Slide 13: Capital Distribution
Capital Distribution in thousands 2009 2010 2011 2012 (a) 2013 Q3 2014 YTD 2014 Net income $360,830 $387,026 $431,612 $447,007 $415,904 $124,981 $336,764 Capital distribution Cash dividends paid $162,865 $168,902 $194,697 $219,313 $220,257 $52,681 $157,590 Share repurchases 266,906 157,381 250,274 2
Slide 14: A look ahead
A look ahead The long term growth targets presented at the Investor Day, November 2013 outline our revenue and earnings targets We continue to execute on our long term growth strategies and initiatives focused on balanced growth North American Truckload net revenue growth in October has increased ap
Slide 15: Appendix A: 2012 Summarized Adjusted Income Statement
Appendix A: 2012 Summarized Adjusted Income Statement In thousands, except per share amounts Twelve months ended December 31, 2012 Non-recurring Non-recurring 2012 Actual Adjusted Acquisition Impacts Divestiture Impacts Total net revenues $1,717,571 $1,717,571 Personnel expenses (1) 766,006 -385 -34
Slide 16: C.H. Robinson
@ C.H. ROBINSON CA
C H Robinson Worldwide — Q3 2014 Earnings Presentation on 6ix