Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q1 2019 Earnings Presentation
14 slides from Landstar System's earnings presentation, Apr 24, 2019
Slide 1: Landstar System, Inc. Earnings Conference Call First Quarter 2019
April 24, 2019 Landstar System, Inc. Earnings Conference Call First Quarter 2019 Date Published: 04/24/2019 Exhibit 99.2
Slide 2: Safe harbor statement
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made during this presentation that are not based on historical facts are “forward looking statements.” During this presentation, I may make certain statements, containing forward-looking
Slide 3: Model Definition
Model Definition Landstar is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third party capacity providers and employees. Date Published: 04/24/2019
Slide 4: The Network
The Network Landstar Employees Approx. 1,200 Agents Approx. 1,300 Customers 25,000+ Capacity 68,000+ 2018 Results $4.6 billion in revenue 2.1 million loadings 608 million dollar agents 10,599 BCO trucks (2018 year-end) 59,054 Carriers (2018 year-end) 16,000+ Trailers (2018 year-end) Date Published:
Slide 5: Percentage of Revenue
Percentage of Revenue 1Q18 1Q19 Truck Transportation Truckload Van equipment 63% 60% Unsided/platform equipment 29% 30% Less-than-truckload 2% 2% Rail intermodal 3% 3% Ocean and air cargo 2% 3% Transportation Management Services Date Published: 04/24/2019
Slide 6: Revenue by mode: rate and volume change
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 04/24/2019 Quarter Quarter Qtr over Prior Yr Qtr Rate (1) Volume (2) Change Truck Revenue -0.05 2.5% -2.7% Rail Int
Slide 7: Truckload Loadings and Revenue per Load
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 04/24/2019 The Company’s fiscal year ends each year on the last Saturday in December and, as such, the Company’s 2018 and 2017 fourth quarters included thirteen weeks of operations whereas
Slide 8: Industries Served
As a Percentage of Revenue 1Q18 1Q19 Quarter over Prior Year Quarter Growth Consumer Durables 23.5 24.8 4% Machinery 14.0 13.6 -4% Automotive 8.4 8.6 1% Building Products 8.5 8.4 -3% Metals 6.4 6.3 -3% AA&E, Hazmat 8.9 8.7 -4% Foodstuffs 6.0 4.0 -34% Energy 2.3 2.4 4% Other 21.9 23.2 4% Transportati
Slide 9: Gross Profit and Gross Profit Margin
Gross profit equals revenue less the cost of purchased transportation and commissions to agents. Gross profit margin equals gross profit divided by revenue. Revenue on transactions with a fixed gross profit margin was 52% and 50% of revenue in the 2018 and 2019 first quarters, respectively. Gross Pr
Slide 10: Operating Income and Operating Margin
Operating margin equals operating income divided by gross profit. Operating Income and Operating Margin (1) ($’s in thousands) Date Published: 04/24/2019 Quarter 10 52.0% 48.3% Quarter
Slide 11: Truck Capacity Data
Date Published: 04/24/2019 Truck Capacity Data (All information is provided as of the end of the period) KEY INCOME STATEMENT DATA ($ in Millions) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP Mar 31, Dec 29, Mar 30, External Revenue $9,884 #REF! #REF! 2018 (2) 2018 2019 (2) Purchased
Slide 12: Key Balance Sheet and Cash Flow Statistics
Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Date Published: 04/24/2019 Key Balance Sheet and Cash Flow Statistics ($’s in thousands) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP QTR QTR Mar 31, Mar 30, External Revenue $0.21 #RE
Slide 13: Free Cash Flow, Stock Purchases and Dividends
Free Cash Flow (1) , Stock Purchases and Dividends Date Published: 04/24/2019 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide. First quarter 2019 (000's) Free cash flow (1) $,116,840 Share purchases $12,977 Divide
Slide 14: DESIGNED TO RESPOND
DESIGNED TO RESPOND SUIT TO DELIVER’ Dubtished: 04/24/2019