Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q1 2017 Earnings Presentation
14 slides from Landstar System's earnings presentation, Apr 26, 2017
Slide 1: Landstar System, Inc. Earnings Conference Call First Quarter 2017
April 26, 2017 Landstar System, Inc. Earnings Conference Call First Quarter 2017 Date Published: 04/26/2017 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: 04/26/2017
Slide 4: The Network
The Network Landstar Employees Approx. 1,200 Agents Approx. 1,200 Customers 25,000+ Capacity 56,000+ 2016 Results $3.2 billion in revenue 1.8 million loadings 502 million dollar agents 9,439 BCO trucks (2016 year-end) 47,453 Carriers (2016 year-end) 15,000+ Trailers (2016 year-end) Date Published: 0
Slide 5: Percentage of Revenue by Transportation Mode
Percentage of Revenue 1Q16 1Q17 Truck Transportation Truckload Van equipment 60% 60% Unsided/platform equipment 29% 30% Less-than-truckload 2% 3% Rail intermodal 4% 3% Ocean and air cargo 3% 3% Transportation Management Services Date Published: 04/26/2017
Slide 6: Revenue by Mode: Rate and Volume Change
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 04/26/2017 Quarter Quarter Qtr over Prior Qtr Rate (1) Volume (2) Change Truck Revenue .7% 0.10199999999999999 0.10
Slide 7: Truckload Loadings and Revenue per Load
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 04/26/2017
Slide 8: Industries Served
As a Percentage of Revenue 1Q16 1Q17 Quarter over Prior Year Quarter Growth Consumer Durables 20.5 21.5 15% Machinery 14.4 15.3 16% Automotive 9.7 8.7 -1% Building Products 8.6 8.6 9% Metals 6.7 6.7 10% AA&E, Hazmat 7.5 8.8 29% Foodstuffs 5.5 5.2 4% Energy 2.9 3.1 15% Other 24.2 22.3 1% 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 56% and 54% of revenue in the 2016 and 2017 first quarters, respectively. Gross Pr
Slide 10: Operating Income and Operating Margin
48.4% 4 Operating margin equals operating income divided by gross profit. Operating Income and Operating Margin (1) ($’s in thousands) Date Published: 04/26/2017 Quarter 10 43.0% 42.7% 1st Qtr Changes in operating margin % 2016 Period 42.7 Other operating costs 0.9 Insurance and claims 0.7 SG&A -0.7
Slide 11: Truck Capacity Data
Date Published: 04/26/2017 Truck Capacity Data (All information contained in the table is provided as of the end of the period) KEY INCOME STATEMENT DATA ($ in Millions) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP Mar 26, Dec 31, Apr 1, External Revenue $8,772 #REF! #REF! 2016 (2) 2
Slide 12: Key Balance Sheet and Cash Flow Statistics
(1) Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Date Published: 04/26/2017 Key Balance Sheet and Cash Flow Statistics ($’s in thousands) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP QTR QTR Mar 26, Apr 1, External Revenue $0.21
Slide 13: Free Cash Flow / Share Purchases
Free Cash Flow (1) / Share Purchases Date Published: 04/26/2017 (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 2017 (000's) Free cash flow (1) $56,970 Share purchases $0 Ending common share count 4
Slide 14: DESIGNED TO)RESPOND
DESIGNED TO)RESPOND BUI O DELIVER, fished: 04/26/2017