Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — H1 2022 Earnings Presentation

30 slides from Kuehne & Nagel International's earnings presentation, Jul 25, 2022

Slide 1: Analyst conference Half-year 2022 results
Analyst conference Half-year 2022 results Kuehne + Nagel International AG Schindellegi, Switzerland 25 July 2022 (CEST 14.00)
Slide 2: Overview half-year 2022 results
01 Overview half-year 2022 results 25 July 2022 | © Kuehne+Nagel | Analyst presentation 2
Slide 3: Highlights half-year 2022 results
Highlights half-year 2022 results Net turnover Gross profit 20,631 CHF million 2021: 13,273 5,898 CHF million 2021: 4,327 55% increase on the previous year; 47% organic 36% growth on the previous year; 30% growth excluding FX organic growth excluding FX Free cash flow EPS 1,711 CHF million 2021: 424
Slide 4: Strong first half-year 2022 achieved in all business units
Strong first half-year 2022 achieved in all business units Sea Air Road Contract Logistics Logistics Logistics Logistics EBIT of CHF 2,195 EBIT of CHF 1,208 EBIT of CHF 826 million EBIT of CHF 80 million EBIT of CHF 81 million million, up by 112% million Route changes due to Networks operating at Ex
Slide 6: Sea and Air Logistics volumes
Sea and Air Logistics volumes Tons '000 TEUs '000 1,214 1,142 1,193 1,182 1,100 1,140 1,096 1,114 1,048 648 555 584 574 570 392 433 354 315 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2020 2020 2021 2021 2021 2021 2022 2022  Sea Logistics volumes half-year 2022 3.4% below prior year; Q2 2022 down by 2.5%  Air
Slide 7: Sea Logistics
Sea Logistics Persistent congestion at ports High service intensity 25 July 2022 | © Kuehne+Nagel | Analyst presentation 7
Slide 8: Sea Logistics
Sea Logistics 929 869 GP/TEU in CHF Exp/TEU in CHF EBIT/TEU in CHF 732 678 593 524 527 440 455 408 321 (336) 299 311 (342) (263) (270) (277) (252) (219) (198) (217) 188 261 113 104 80 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2020 2020 2021 2021 2021 2021 2022 2022  Gross profit half-year 2022 at CHF 1,942 m
Slide 9: Air Logistics
Air Logistics Route changes due to closed airspace Positive contribution from acquisitions 25 July 2022 | © Kuehne+Nagel | Analyst presentation 9
Slide 10: Air Logistics
Air Logistics GP/100 kg in CHF Exp/100 kg in CHF EBIT/100 kg in CHF 153 142 140 106 104 95 100 89 93 81 70 (71) 74 (59)* (63) (70) (55) (55) (56) (72) (68) * 40 38 44 41 35 30 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2020 2020 2021 2021 2021 2021 2022 2022 * adjusted for Quick one-off in Q3 2020 of net CHF +
Slide 11: Road Logistics
Road Logistics Networks operating at full capacity High demand for digital solutions 25 July 2022 | © Kuehne+Nagel | Analyst presentation 11
Slide 12: Road Logistics
Road Logistics EBIT/Net TO margin in % EBIT in CHF m 50 30 30 24 24 21 19 4.8 9 12 2.9 2.8 3.2 3.1 2.3 2.0 1.2 1.5 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2020 2020 2021 2021 2021 2021 2022 2022  Net turnover half-year 2022 at CHF 2,033 million, 12.4% above prior year; Q2 2022 CHF 1,051 million, 11.9% abov
Slide 13: Contract Logistics
Contract Logistics Expansion of service offering in pharma and e-commerce Robust demand for automated solutions and robotics 25 July 2022 | © Kuehne+Nagel | Analyst presentation 13
Slide 14: Contract Logistics
Contract Logistics (excluding one-off impacts) EBIT in CHF m EBIT/Net TO margin in % 49 42 42 44 38 37 34 28 28 4.0 3.8 3.7 3.5 3.4 3.0 3.0 2.4 2.2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2020 2020 2021 2021 2021 2021 2022 2022  Net turnover half-year 2022 at CHF 2,405 million, 7.1% above prior year; Q2 20
Slide 15: Key financial figures half-year 2022
03 Key financial figures half-year 2022 25 July 2022 | © Kuehne+Nagel | Analyst presentation 15
Slide 16: Income statement
Income statement 2021 2021 2021 2022 2022 2022 Variance YTD Variance in % CHF million Q1 Q2 YTD Q1 Q2 YTD 2022/2021 Q1 Q2 2022/2021 Growth Acquisition Forex 1 Net turnover 6,032 7,241 13,273 10,158 10,473 20,631 7,358 4,126 3,232 55.4% 47.1% 11.3% (3.0%) Gross profit 2,019 2,308 4,327 2,942 2,956 5,
Slide 17: Balance sheet
Balance sheet December 31, June 30, December 31, June 30, CHF million 2021 2022 2021 2022 Assets Equity and Liabilities Equity attributable to the equity holders 3,204 2,910 Property, plant and equipment 766 736 of the parent company Right-of-use assets 1,409 1,450 Non-controlling interests 7 8 Good
Slide 18: Cash / free cash flow
Cash / free cash flow HY HY CHF million Variance In CHF million 2021 2022 FCF 2020 Cash and cash equivalents January 1, net 1,713 2,300 587 FCF 2021 1,711 1,793 Operational cash flow 1,418 2,594 1,176 FCF 2022 Changes in working capital (424) (54) 370 1,453 Income taxes paid (237) (499) (262) 1,037
Slide 19: Working capital
Working capital June 30, June 30, Better/(worse) CHF million 2021 2022 2022 vs. 2021 Trade receivables/contract assets 5,241 7,490 (2,249) Trade payables/accrued trade expenses/contract liabilities* (4,062) (5,621) 1,559 Net working capital 1,179 1,869 (690) KPIs: Working capital intensity 3.5% 4.1%
Slide 20: Return on capital employed (ROCE)
Return on capital employed (ROCE) 251% 194% 161% 125% 104% 93% Calculation: last four quarters EBIT (rolling EBIT) divided by 71% the average of the last four quarters capital employed (rolling 62% capital employed); capital employed: assets and liabilities 53% excluding investments in joint venture
Slide 21: eTouch in context
eTouch in context  Technology integral to realising full scope of efficiency gains Past workflow processes  Further standardisation of Branch eTouch workflow and sequencing of tasks Sequence 2 1+4 3 …  Centralisation of some Branch customer and carrier facing Sequence 1+3 4 2+5 …. tasks Shared se
Slide 22: eTouch progress: material man-hour gains YTD
eTouch progress: material man-hour gains YTD  Annualised man-hour improvement driven by documentation and quotation, booking, status  Man-hour savings +10% vs. year-end 2021 with estimated cost savings up ~20%  Organic CR impact of 1.7pp vs. 1.8pp at year-end 2021 due to organic yield expansion A
Slide 23: 2022: current perspectives
2022: current perspectives Market Kuehne+Nagel Global GDP growth expectations continue Ongoing focus on high service quality, to decline: currently 3% vs. 3.5% in April agility and reliability 2022 (Bloomberg) Global inflationary pressures continue to High yields to continue to compensate for mount,
Slide 25: Upcoming events
Upcoming events 06. - 25.10.2022 Closed period 25.10.2022 Nine-months 2022 results 03.01. - 01.03.2023 Closed period 01.03.2023 Full-year 2022 results and Capital Markets Day 06.04. - 25.04.2023 Closed period 25.04.2023 Three-months results 2023 09.05.2023 Annual General Meeting 06.07. - 25.07.2023
Slide 26: Quarter over Quarter 2022/2021
Quarter over Quarter 2022/2021 2022 2021 Change in % Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 1. Sea Logistics A) Income Statement Turnover 5,363 5,457 10,820 2,878 3,311 6,189 +86.3 +64.8 +74.8 2,485 2,146 4,631 Net Turnover 4,857 5,012 9,869 2,393 2,849 5,242 +103
Slide 27: Quarter over Quarter 2022/2021
Quarter over Quarter 2022/2021 2022 2021 Change in % Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 3. Road Logistics A) Income Statement Turnover 1,124 1,196 2,320 1,009 1,134 2,143 +11.4 +5.5 +8.3 115 62 177 Net Turnover 982 1,051 2,033 870 939 1,809 +12.9 +11.9 +12.4 1
Slide 28: Quarter over Quarter 2022/2021
Quarter over Quarter 2022/2021 2022 2021 Change in % Change in mCHF CHF million Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL Q1 Q2 TOTAL 5. Kuehne+Nagel Group A) Income Statement Turnover 11,090 11,379 22,469 6,933 8,212 15,145 +60.0 +38.6 +48.4 4,157 3,167 7,324 Customs duties and taxes (932) (906) (1,838)
Slide 29: Contact
Contact Markus Blanka-Graff CFO markus.blanka@kuehne-nagel.com Tel: +41 (0)44 7869 644 Christopher Combé Head of Investor Relations christopher.combe@kuehne-nagel.com Tel: +41 (0)44 7869 693 Andrea Kobi Investor Relations andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 561 25 July 2022 | © Kuehne+N
Slide 30: Disclaimer
Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of Kuehne + Nagel International AG. This document contains forward-looking statements

Kuehne + Nagel International — H1 2022 Earnings Presentation on 6ix

Kuehne & Nagel International — Kuehne + Nagel International — H1 2022 Earnings Presentation

Slide 1: Analyst conference Half-year 2022 results

Slide 2: Overview half-year 2022 results

Slide 3: Highlights half-year 2022 results

Slide 4: Strong first half-year 2022 achieved in all business units

Slide 5: Business unit update

Slide 6: Sea and Air Logistics volumes

Slide 7: Sea Logistics

Slide 8: Sea Logistics

Slide 9: Air Logistics

Slide 10: Air Logistics

Slide 11: Road Logistics

Slide 12: Road Logistics

Slide 13: Contract Logistics

Slide 14: Contract Logistics

Slide 15: Key financial figures half-year 2022

Slide 16: Income statement

Slide 17: Balance sheet

Slide 18: Cash / free cash flow

Slide 19: Working capital

Slide 20: Return on capital employed (ROCE)

Slide 21: eTouch in context

Slide 22: eTouch progress: material man-hour gains YTD

Slide 23: 2022: current perspectives

Slide 24: Inspire. Empower. Deliver.

Slide 25: Upcoming events

Slide 26: Quarter over Quarter 2022/2021

Slide 27: Quarter over Quarter 2022/2021

Slide 28: Quarter over Quarter 2022/2021

Slide 29: Contact

Slide 30: Disclaimer