Kln Logistics Group Limited · HKEX:636

Kln Logistics — Kerry Logistics Network — FY2017 Earnings Presentation

17 slides from Kln Logistics's earnings presentation, March 2018

  1. Slide 1: Annual Results 2017: Deepening & Widening

    0636.HK ANNUAL RESULTS 2017 DEEPENING & WIDENING 0 © Kerry Logistics Network Limited. All rights reserved.

  2. 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

  3. Slide 3: 2017 Financial Highlights

    2017 FINANCIAL HIGHLIGHTS +28% IL +12% IFF +14% 30,788 1,846 511 TURNOVER (HK$ M) SEGMENT PROFIT (HK$ M) SEGMENT PROFIT (HK$ M) © Kerry Logistics Network Limited. All rights reserved. 2,128 CORE OPERATING PROFIT +7% (HK$ M) +13% 1,183 CORE NET PROFIT (HK$ M) FINAL GROSS +13% DIVIDEND GEARING 2,116 1

  4. Slide 4: 2017 Results - Overview

    2 0 1 7 R E S U LT S - O V E R V I E W HK$ M +11% +28% 30,788 Increased freight rates Synergised business development TURNOVER © Kerry Logistics Network Limited. All rights reserved. Strong growth in Asia and steady growth in HK +13% 2,128 Higher overheads in China and rising competition CORE OPERAT

  5. Slide 5: 2017 Results - Summary

    2 0 1 7 R E S U LT S - S U M M A RY HK$ M 2017 2016 YoY Segment profit IL 1,846 1,653 + 12% - Logistics Operations 1,301 1,131 + 15% - Hong Kong Warehouse 545 522 + 4% © Kerry Logistics Network Limited. All rights reserved. IFF 511 448 + 14% Total segment profit 2,357 2,101 + 12% Unallocated adminis

  6. Slide 6: Turnover Analysis

    T U R N O V E R ( 1 ) A N A LY S I S TURNOVER(1) HK$ 30,788M +28% YoY 47% 53% 2016 24,036 LOP HKW © Kerry Logistics Network Limited. All rights reserved. 2017 30,788 IFF 44% 56% Turnover(1) by Geographical Area 2017 Turnover(1) HK$ M YoY 2017 Turnover(1) HK$ M YoY 13% Hong Kong 4,081 + 11% 2% IL 13,

  7. Slide 7: Segment Profit Overview

    S E G M E N T P R O F I T O V E RV I E W SEGMENT PROFIT HK$ 2,357M +12% YoY 79% 21% 2016 1,131 522 448 2,101 LOP HKW © Kerry Logistics Network Limited. All rights reserved. 2017 1,301 545 511 2,357 IFF 78% 22% Segment Profit by Geographical Area 2017 Segment Profit HK$ M YoY 2017 Segment Profit HK$

  8. Slide 8: Segment Profit Analysis

    S E G M E N T P R O F I T A N A LY S I S SEGMENT PROFIT HK$ 2,357M +12% YoY 79% 21% 2016 1,131 522 448 2,101 LOP HKW © Kerry Logistics Network Limited. All rights reserved. 2017 1,301 545 511 2,357 IFF 78% 22% IL IFF 2017 Segment Profit HK$ M YoY 4% 2017 Segment Profit HK$ M YoY Hong Kong 775 + 8% 5

  9. Slide 9: GFA under Management & Capex

    G FA U N D E R M A N A G E M E N T & C A P E X GFA 52M ft2 CAPEX HK$ 2,332M GFA under Management CAPEX HK$ M 2016 22 7 17 46M ft2 Leased facilities Owned investment properties 4,000 © Kerry Logistics Network Limited. All rights reserved. 2017 26 7 19 52M ft2 Owned self-used properties 2,992 3,000 GF

  10. Slide 10: Cash, Debt & Equity

    CASH, DEBT & EQUITY CASH & DEBT SHAREHOLDERS’ EQUITY(5) HK$ M HK$ M 19,042 10,000 8,205 20,000 16,541 6,933 15% 7,500 15,000 5,000 3,570 Cash(3) 10,000 3,335 © Kerry Logistics Network Limited. All rights reserved. Debt(4) 2,500 5,000 - - 31 Dec 2016 31 Dec 2017 31 Dec 2016 31 Dec 2017 (3) Cash and b

  11. Slide 11: Network Expansion & Asset Optimisation

    N E T W O R K E X PA N S I O N & A S S E T O P T I M I S AT I O N NETWORK EXPANSION ASSET OPTIMISATION Expansion Divestment CHINA 51 countries & © Kerry Logistics Network Limited. All rights reserved. territories Completed Disposed + Italy China : Shanghai, Wuxi Australia : Rail Terminal, Adelaide +

  12. Slide 12: Outlook

    OUTLOOK 1 D E E P E N I N G I N B E LT & R O A D © Kerry Logistics Network Limited. All rights reserved. 2 C A P I TA L I S I N G O N E - C O M M E R C E B O O M 3 KEEPING MOMENTUM IN IFF 11

  13. Slide 13: Q & A

    Q & A © Kerry Logistics Network Limited. All rights reserved. ANNUAL RESULTS 2017 BACKGROUND RESOURCES & ASSETS WHAT WE OFFER SHOWCASES ACCREDITATIONS & AWARDS 12

  14. Slide 14: Appendix I – Consolidated Income Statement

    Appendix I – Consolidated Income Statement For the year ended 31 Dec Audited Audited 2017 2016 HK$’000 HK$’000 Turnover 30,787,654 24,035,567 Direct operating expenses (26,606,662) (20,423,980) Gross profit 4,180,992 3,611,587 Other income and net gains 160,011 166,907 © Kerry Logistics Network Limi

  15. Slide 15: Appendix II – Consolidated Statement of Financial Position

    Appendix II – Consolidated Statement of Financial Position ASSETS AND LIABILITIES Audited Audited As at 31 Dec 2017 As at 31 Dec 2016 Non-current assets HK$’000 HK$’000 Intangible assets 3,884,482 3,224,599 Investment properties 9,892,482 8,836,851 Leasehold land and land use rights 625,550 560,983

  16. Slide 16: Appendix II – Consolidated Statement of Financial Position (cont'd)

    Appendix II – Consolidated Statement of Financial Position (cont’d) Audited Audited As at 31 Dec 2017 As at 31 Dec 2016 HK$’000 HK$’000 Non-current liabilities Loans from non-controlling interests 166,826 194,715 Long-term bank loans 4,198,758 5,483,632 Deferred taxation 662,629 635,192 © Kerry Logi

  17. Slide 17: Thank You

    THANK YOU © Kerry Logistics Network Limited. All rights reserved. BACKGROUND RESOURCES & ASSETS WHAT WE OFFER SHOWCASES ACCREDITATIONS & AWARDS March 2018 16

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