Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — 9M 2014 Earnings Presentation

25 slides from Kuehne & Nagel International's earnings presentation, Oct 13, 2014

  1. Slide 1: Analyst Conference Call – Nine-months 2014 results

    Kuehne + Nagel International AG Analyst Conference Call – Nine-months 2014 results October 13, 2014 (CET 14.00) Schindellegi, Switzerland

  2. 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

  3. Slide 3: Agenda

    Agenda Overview nine-months 2014 results Financial review Appendix Kuehne + Nagel Group – Nine-months 2014 results October 13, 2014 p. 3

  4. Slide 4: Overview nine-months 2014 results - Kuehne + Nagel Group

    Overview nine-months 2014 results - Kuehne + Nagel Group Net turnover Gross Profit EBIT in CHF million in CHF million in CHF million + 4.7% + 2.9% + 12.1% 13,475 4,821 629 13,004 4,685 4,699 607 12,873 561 1.0% 0.3% + 8.2% YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep YTD Sep 2013

  5. Slide 5: Development of volumes

    Development of volumes Seafreight Airfreight [TEU] ‚000 [TON] ‚000  Volume increase of  Volume increase of 7.9% yoy 4.8% yoy 4000 1150 1134 3600 3578 1000 3200 877 2883 850 2800 837 2672 2400 700 1892 580 2000 550 1749 558 1600 400 1200 896 838 285 800 281 250 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 YTD Volu

  6. Slide 6: EBIT per business unit – Nine-months 2014/2013

    EBIT per business unit – Nine-months 2014/2013 Business Units YTD Sep YTD Sep YTD Sep (in CHF million) 2013 2014 2014 cc1 Seafreight 305 300 312 Airfreight 166 182 190 Overland (9) 18 18 Contract Logistics 99 107 109 Kuehne + Nagel 561 607 629 1 cc (constant currencies) Kuehne + Nagel Group – Nine-m

  7. Slide 7: Seafreight – Performance of business unit

    Seafreight – Performance of business unit Income Statement YTD Sep YTD Sep Variance in CHF million 2013 2014 2014/2013 Growth Forex Turnover 6,934 6,948 0.2% 4.8% (4.6%) Gross Profit 997 992 (0.5%) 4.1% (4.6%) EBITDA 322 317 (1.6%) 2.4% (4.0%) EBIT 305 300 (1.6%) 2.3% (3.9%) EBIT in % of GP 30.6% 30

  8. Slide 8: Airfreight - Performance of business unit

    Airfreight - Performance of business unit Income Statement YTD Sep YTD Sep Variance in CHF million 2013 2014 2014/2013 Growth Forex Turnover 3,079 3,087 0.3% 4.9% (4.6%) Gross Profit 662 661 (0.2%) 4.2% (4.4%) EBITDA 185 196 5.9% 10.8% (4.9%) EBIT 166 182 9.6% 14.4% (4.8%) EBIT in % of GP 25.1% 27.5

  9. Slide 9: Overland - Performance of business unit

    Overland - Performance of business unit Income Statement YTD Sep YTD Sep Variance in CHF million 2013 2014 2014/2013 Growth Forex Net Turnover 2,094 2,095 0.0% 3.2% (3.2%) Gross Profit 678 680 0.3% 2.2% (1.9%) EBITDA 22 47 113.6% 113.6% - EBIT (9) 18 300.0% 300.0% - EBITDA / Net Turnover Margin 1.1%

  10. Slide 10: Contract Logistics - Performance of business unit

    Contract Logistics - Performance of business unit Income Statement YTD Sep YTD Sep Variance in CHF million 2013 2014 2014/2013 Growth Forex Net Turnover 3,150 3,259 3.5% 5.4% (1.9%) Gross Profit 2,348 2,366 0.8% 2.2% (1.4%) EBITDA 181 183 1.1% 3.3% (2.2%) EBIT 99 107 8.1% 10.1% (2.0%) EBITDA / Net T

  11. Slide 11: Agenda

    Agenda Overview nine-months 2014 results Financial review Appendix Kuehne + Nagel Group – Nine-months 2014 results October 13, 2014 p. 11

  12. Slide 12: Income statement

    Income statement 2013 2013 2013 YTD Sep 2014 2014 2014 YTD Sep Variance Variance in % CHF million Q1 Q2 Q3 2013 Q1 Q2 Q3 2014 2014/2013 Q1 Q2 Q3 2014/2013 Growth Forex Net Turnover 4,182 4,368 4,323 12,873 4,127 4,373 4,504 13,004 131 (55) 5 181 1.0% 4.7% (3.7%) Gross Profit 1,537 1,575 1,573 4,685

  13. Slide 13: Financial review - Group key data

    Financial review - Group key data Financial overview nine-months Financial targets CHF million 2013 2014 Profitability  Group EBIT margin to Net Turnover of 5% Net turnover 12,873 13,004 Gross Profit 4,685 4,699 EBITDA 710 743 CAPEX  Estimate at approx. CHF 190 mio (2013: CHF 181 mio) EBIT margin

  14. Slide 14: Financial review - Balance sheet

    Financial review - Balance sheet 31 December 30 September 31 December 30 September CHF million 2013 2014 2013 2014 Assets Liabilities and equity Property, plant and equipment 1,151 1,155 Equity attributable to the equity 2,537 2,296 holders of the parent company Goodwill 688 698 Other intangibles 89

  15. Slide 15: Financial review - Cash flow nine-months

    Financial review - Cash flow nine-months CHF million 2013 2014 Variance Operational cash flow 722 751 29 Changes in working capital (96) (74) 22 Income taxes paid (147) (159) (12) Cash flow from operating activities 479 518 39 Cash flow from investing activities (84) (96) (12) Cash flow from financi

  16. Slide 16: Financial review - Working capital development

    Financial review - Working capital development Better/(Worse) September December March June September CHF million September 14 vs. 2013 2013 2014 2014 2014 December 13 Trade receivables & Work in progress 2,886 2,806 2,879 2,986 3,067 (261) Trade payables & Accrued trade expenses (2,070) (2,148) (2,

  17. Slide 17: Outlook volume development 2014

    Outlook volume development 2014 2013 - Actual Nine-months 2014 - Actual 2014 - Estimate Business Unit Market Kuehne + Nagel Market Kuehne + Nagel Market Kuehne + Nagel Seafreight + 2 to 3 % +3% + 3 to 4 % +8% + 4 to 5 % 1.5 x Market [TEU] Airfreight 0% +4% + 2 to 3 % +5% + 2 to 4 % 1.5 x Market [Ton

  18. Slide 18: Thank you!

    Thank you! Kuehne + Nagel Group – Nine-months 2014 results October 13, 2014 p. 18

  19. Slide 19: Appendix

    KUEHNE+NAGEL Appendix

  20. Slide 20: Upcoming events

    Upcoming events February 25, 2015 Full-year 2014 results April 14, 2015 Three-months 2015 results May 5, 2015 Annual General Meeting May 12, 2015 Dividend payment for 2014 July 14, 2015 Half-year 2015 results October 13, 2015 Nine-months 2015 results Kuehne + Nagel Group – Nine-months 2014 results O

  21. Slide 21: Development main exchange rates vs. CHF

    Development main exchange rates vs. CHF Income statement (average rates) EUR USD GBP Full-year 2012 1.2062 0.9327 1.4827 2013 1.2296 0.9237 1.4492 YTD September 2013 1.2295 0.9314 1.4454 2014 1.2178 0.9003 1.5008 Better/(Worse) (0.9%) (3.3%) 3.8% (3.7%) Net earnings impact Kuehne + Nagel Group – Nin

  22. Slide 22: Quarter over Quarter nine-months

    Quarter over Quarter nine-months 2014 2013 2014 / 2013 Change in % 2014 / 2013 Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 1. Seafreight A) Income Statement Turnover 2,154 2,308 2,486 6,948 2,236 2,313 2,385 6,934 (3.7) (0.2) +4.2 +0.2 (82) (5) 101 14 Net T

  23. Slide 23: Quarter over Quarter nine-months

    Quarter over Quarter nine-months 2014 2013 2014 / 2013 Change in % 2014 / 2013 Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 3. Overland A) Income Statement Turnover 754 784 739 2,277 737 790 762 2,289 +2.3 (0.8) (3.0) (0.5) 17 (6) (23) (12) Net Turnover 692

  24. Slide 24: Quarter over Quarter nine-months

    Quarter over Quarter nine-months 2014 2013 2014 / 2013 Change in % 2014 / 2013 Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 5,029 5,328 5,494 15,851 5,094 5,300 5,311 15,705 (1.3) +0.5 +3.4 +0.9 (65) 28 18

  25. Slide 25: Contact and disclaimer

    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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