Kln Logistics Group Limited · HKEX:636
Kln Logistics — Kerry Logistics Network — H1 2016 Earnings Presentation
15 slides from Kln Logistics's earnings presentation, 2016
Slide 1: 2016 Interim Results
2 0 1 6 I N T E R I M R E S U LT S Stock code: 636
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Kerry Logistics Network Limited (the “Company”) for reference and general information purposes only. This presentation is not intended to and does not constitute investment advice, recommendation, invitation or offer to enter into, any agreement to purcha
Slide 3: 2016 1H Highlights
2016 1H Highlights 1
Slide 4: Results Overview
Results Overview 2016 1H 2015 1H HK$ million HK$ million Segment profit IL - Logistics Operations 556 565 - 2% - Hong Kong Warehouse 243 242 - 799 807 - 1% IFF 208 191 + 9% Total segment profit 1,007 998 + 1% Unallocated administrative expenses (79) (73) Core operating profit 928 925 - Core net prof
Slide 5: Turnover Analysis
Turnover(1) Analysis Hong Kong 17% 35% Mainland China $ 1,730m $ 3,694m Turnover(1) - - 3% $ 10,461m Turnover(1) 52% 48% $ 10,461m + 3% South & SE Asia 18% 11% Taiwan HK$’m $ 1,894m $ 1,156m YoY + 20% + 6% IL 5,408 + 6% 10% 9% LOP 5,152 + 6% Europe Others(2) HKW 256 - 6% $ 1,076m $ 911m IFF 5,053 +
Slide 6: Segmental Profit Analysis
Segmental Profit Analysis Hong Kong 34% 24% Mainland China $ 342m + 2% $ 244m - Segment Profit IL $ 330m + 3% IL $ 130m + 1% $ 1,007m IFF $ 12m - 17% Segment Profit IFF $ 114m - 1% 79% 21% $ 1,007m + 1% 16% 21% HK$’m YoY South & SE Asia Taiwan $ 166m - $ 211m - IL 799 - 1% 2% 3% IL $ 209m - 1% IL $
Slide 7: Currency Translation Impact - Segment Profit
Currency Translation Impact - Segment Profit 1 Growth in local currencies +2% +5% +5% +6% +22% -3% 998 +3 1,007 +10 +10 -1 +7 +12 -32 (2) (3) 2015 1H Hong Kong China Taiwan South &SE Europe Others Forex 2016 1H In HK$’m Asia Impact 34% 24% 21% 16% 2% 3% Weightings 61% (2) Others includes Oceania, Mi
Slide 8: Cash, Debt & Equity
Cash, Debt & Equity Cash & Debt Shareholders’ Equity(6) HK$ m HK$ m 20,000 7,500 6,915 15,533 16,177 4% 6,000 5,217 15,000 4,500 4,013 Cash (4) 3,733 10,000 Debt (5) 3,000 5,000 1,500 31 Dec 2015 30 Jun 2016 31 Dec 2015 30 Jun 2016 (4) Cash and bank balances (6) Excluding Put option written on non-c
Slide 9: Extended Network
Extended Network Mainland China Warehouses under construction in Xi’an (277,000 sq. ft.), Wuxi (204,000 sq. ft.) and Shanghai (1,092,000 sq. ft.) Taiwan Acquired a leading IFF company Cambodia A new FTZ bonded warehouse (213,000 sq.ft) is under construction Thailand Phase 4 expansion of Kerry Siam S
Slide 10: Going Forward
Going Forward 1 To achieve growth organically through enhanced core competences 2 To continue on expansion of e-commerce network and capabilities 3 To strengthen IFF network with strategic acquisitions and successful integrations 4 To deepen further strategic focus on the Belt and Road Initiative 8
Slide 11: Q&A
Seis Stock code: 636
Slide 12: Appendices
APPENDICES Seis Stock code: 636
Slide 13: Appendix I – Condensed Consolidated Interim Income Statement
Appendix I – Condensed Consolidated Interim Income Statement Six months ended 30 Jun Unaudited Unaudited 2016 2015 HK$’000 HK$’000 Turnover 10,460,893 10,134,594 Direct operating expenses (8,753,449) (8,450,862) Gross profit 1,707,444 1,683,732 Other income and net gains 90,402 78,258 Administrative
Slide 14: Appendix II – Condensed Consolidated Interim Statement of Financial Position
Appendix II – Condensed Consolidated Interim Statement of Financial Position Unaudited Audited ASSETS AND LIABILITIES As at 30 Jun 2016 As at 31 Dec 2015 Non-current assets HK$’000 HK$’000 Intangible assets 2,887,865 2,144,064 Investment properties 8,282,580 8,118,602 Leasehold land and land use rig
Slide 15: Appendix II – Statement of Financial Position (cont'd)
Appendix II – Condensed Consolidated Interim Statement of Financial Position(cont’d) Unaudited Audited As at 30 Jun 2016 As at 31 Dec 2015 HK$’000 HK$’000 Non-current liabilities Loans from non-controlling interests 234,193 249,311 Long-term bank loans 4,300,230 2,801,152 Deferred taxation 589,291 5
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