Kuehne & Nagel International Ag · SIX:KNIN
Kuehne & Nagel International — Kuehne + Nagel International — FY2016 Earnings Presentation
28 slides from Kuehne & Nagel International's earnings presentation, Mar 1, 2017
Slide 1: Analyst Conference – Full-year 2016 results
Kuehne + Nagel International AG Analyst Conference – Full-year 2016 results March 1, 2017 (CET 14.00) | Zurich, Switzerland
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of Kuehne + Nagel International AG, may cause actual development and results to differ materially from the
Slide 3: Agenda
Agenda Overview full-year 2016 results Financial review Appendices © Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 3
Slide 4: Highlights 2016
Highlights 2016 Another record result with CHF 720 million earnings for the year All business units with considerable increase of gross profit Strong volume increase in Seafreight of 6.1% i.e. 233,000 TEUs Strong volume increase in Airfreight of 4.3% i.e. 54,000 tons Overland with sizeable contribut
Slide 5: Overview full-year 2016 results
Overview full-year 2016 results Net turnover Gross profit EBIT in CHF million in CHF million in CHF million (0.3%) + 6.2% + 8.8% 16'731 16'686 16'525 6'550 6'640 6'251 925 918 850 (1.2%) + 4.8% + 8.0% 2015 2016 2016 cc 2015 2016 2016 cc 2015 2016 2016 cc cc (in constant currencies) © Kuehne + Nagel
Slide 6: Seafreight
Seafreight Strong volume growth + 6.1% Confirming global number 1 position High conversion rate > 30% © Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 6
Slide 7: Seafreight – Performance of business unit
Seafreight – Performance of business unit Income statement YTD YTD Variance in CHF million Dec 2015 Dec 2016 2016/2015 Growth Forex 1 Turnover 8'739 7'981 (8.7%) (8.0%) (0.7%) Gross profit 1'381 1'416 2.5% 3.4% (0.9%) EBITDA 485 465 (4.1%) (3.5%) (0.6%) EBIT 459 445 (3.1%) (2.7%) (0.4%) EBIT in % of
Slide 8: Airfreight
Airfreight Strong volume growth + 4.3% Expanding global number 2 position Leading conversion rate > 30% © Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 8
Slide 9: Airfreight – Performance of business unit
Airfreight – Performance of business unit Income statement YTD YTD Variance in CHF million Dec 2015 Dec 2016 2016/2015 Growth Forex 1 Turnover 4'014 3'935 (2.0%) (1.0%) (1.0%) Gross profit 904 964 6.6% 7.4% (0.8%) EBITDA 286 315 10.1% 10.4% (0.3%) EBIT 265 298 12.5% 12.9% (0.4%) EBIT in % of GP 29.3
Slide 10: Overland
Overland Strong net turnover increase + 11.9% Operational performance significantly improved © Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 10
Slide 11: Overland – Performance of business unit
Overland – Performance of business unit Income statement YTD YTD Variance in CHF million Dec 2015 Dec 2016 2016/2015 Growth Acquisition1 Forex 2 Net turnover 2'589 2'898 11.9% 2.6% 8.8% 0.5% Gross profit 834 895 7.3% 2.4% 4.4% 0.5% EBITDA 50 70 40.0% 20.0% 20.0% - EBIT 7 28 300.0% 271.4% 42.9% (14.3
Slide 12: Contract Logistics
Contract Logistics Strategy proves successful > 10 million sqm managed EBIT growth + 23.5% © Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 12
Slide 13: Contract Logistics – Performance of business unit
Contract Logistics – Performance of business unit Income statement YTD YTD Variance in CHF million Dec 2015 Dec 2016 2015/2016 Growth Forex 1 Net turnover 4'312 4'466 3.6% 5.7% (2.1%) Gross profit 3'132 3'275 4.6% 7.0% (2.4%) EBITDA 220 260 18.2% 20.0% (1.8%) EBIT 119 147 23.5% 26.0% (2.5%) EBITDA /
Slide 14: Overview full-year 2016 results / Financial review / Appendices
Overview full-year 2016 results Financial review Appendices © Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 14
Slide 15: Income statement
Income statement 2015 2015 2015 2015 YTD Dec 2016 2016 2016 2016 YTD Dec Variance Variance in % CHF million Q1 Q2 Q3 Q4 2015 Q1 Q2 Q3 Q4 2016 2016/2015 Q1 Q2 Q3 Q4 2016/2015 Growth Acquisition Forex 1 Net turnover 4'096 4'129 4'201 4'305 16'731 4'010 4'137 4'100 4'278 16'525 (206) (86) 8 (101) (27)
Slide 16: Income statement – EBIT reconciliation
Income statement – EBIT reconciliation CHF million + 7% = CHF 60m + 8% = CHF 68m 850 12 (10) (9) 843 918 (34) 13 6 903 EBIT 2015 PL impact Sale of Gain on EBIT 2015 EBIT 2016 Net profit on Impact FX impact EBIT 2016 as reported antitrust fine subsidiary & sale of operational as reported sale of oner
Slide 17: Financial overview
Financial overview YTD Dec YTD Dec CHF million 2015 2016 Net turnover 16,731 16,525 Gross profit 6,251 6,550 EBITDA 1,041 1,110 Dividend proposal 2016: EBIT 850 918 Dividend per share CHF 5.50 EBIT margin to net turnover 5.1% 5.6% Net earnings for the period 676 718 EPS (basic) in CHF 5.64 5.99 Divi
Slide 18: Balance sheet
Balance sheet 31 December 31 December 31 December 31 December CHF million 2015 2016 2015 2016 Assets Liabilities and equity Property, plant and equipment 1'142 1'127 Equity attributable to the equity 2'121 2'160 holders of the parent company Goodwill 767 758 Other intangibles 98 82 Non-controlling i
Slide 19: Cash flow
Cash flow CHF million 2015 2016 Variance Operational cash flow 1'045 1'062 17 Changes in working capital 126 (2) (128) Income taxes paid (161) (212) (51) Cash flow from operating activities 1'010 848 (162) Cash flow from investing activities (421) (174) 247 Cash flow from financing activities (878)
Slide 20: Working capital development
Working capital development Better/(worse) December December CHF million December 16 vs. 2015 2016 December 15 Trade receivables & Work in progress 2'816 2'966 (150) Trade payables & Accrued trade expenses (2'222) (2'355) 133 Net working capital 594 611 (17) KPIs: Working capital intensity 2.9% 3.1%
Slide 21: Return on capital employed
Return on capital employed 74% 72% 70.4% 69.9% 69.7%* 69.4% 70% 68.8% 68.9% 68.2% 68% 66% 63.9% 64% 62% 60.3% 60% 57.9% 58% 55.9% 55.3% 56% 53.4% 54% 52% 50% Q4/201 3 Q1/201 4 Q2/201 4 Q3/201 4 Q4/201 4 Q1/201 5 Q2/201 5 Q3/201 5 Q4/201 5 Q1/201 6 Q2/201 6 Q3/201 6 Q4/201 6 * Rolling EBIT excluding
Slide 22: Our success
Our success through flexible structures Agile and processes in delivering solutions and Ambitious operational excellence Focused on efficiency and cost control by creating customer value and Innovative developing new markets © Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 22
Slide 23: © Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 23
© Kuehne + Nagel | Analyst Conference | March 1, 2017 | p. 23
Slide 24: Upcoming events
Upcoming events April 20, 2017 Three-months 2017 results May 9, 2017 Annual General Meeting May 15, 2017 Dividend payment for 2016 July 18, 2017 Half-year 2017 results September 20, 2017 Capital Markets Day October 16, 2017 Nine-months 2017 results February 28, 2018 Full year 2017 results © Kuehne +
Slide 25: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 1. Seafreight A) Income Statement Turnover 1,972 1,960 2,043 2,006 7,981 2,244 2,200 2,236 2,059 8,739 (12.1) (10.9) (8.6) (
Slide 26: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 3. Overland A) Income Statement Turnover 749 814 757 810 3'130 644 652 717 812 2'825 +16.3 +24.8 +5.6 (0.2) +10.8 105 162 40
Slide 27: Quarter over quarter 2016/2015
Quarter over quarter 2016/2015 CHF million 2016 2015 2016 / 2015 Change in % 2016 / 2015 Change in mCHF Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 4,865 5,002 4,971 5,147 19,985 4,988 4,998 5,118 5,179 20,283 (2.5) +0.
Slide 28: Contact
Contact Markus Blanka-Graff Andrea Kobi CFO Investor Relations markus.blanka@kuehne-nagel.com andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 644 Tel: +41 (0)44 7869 561 Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requeste
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