Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — FY2021 Earnings Presentation

35 slides from Kuehne & Nagel International's earnings presentation, Mar 2, 2022

  1. Slide 1: Analyst conference Full-year 2021 results

    Analyst conference Full-year 2021 results Kuehne + Nagel International AG Schindellegi, Switzerland 2 March 2022 (CET 14.00)

  2. Slide 2: Overview full-year 2021 results

    01 Overview full-year 2021 results 2 March 2022 | © Kuehne+Nagel | Analyst presentation 2

  3. Slide 3: Highlights full-year 2021 results

    Highlights full-year 2021 results Net turnover Gross profit 32,801 CHF million 2020: 20,382 9,896 CHF million 2020: 7,475 61% increase on the previous year; 48% organic 32% growth on the previous year; 28% growth excluding FX organic growth excluding FX Free cash flow EPS 1,793 CHF million 2020: 1,4

  4. Slide 4: Kuehne+Nagel with a remarkably strong result in 2021

    Kuehne+Nagel with a remarkably strong result in 2021 Sea Air Road Contract Logistics Logistics Logistics Logistics EBIT of CHF 2,946 EBIT of CHF 1,529 EBIT of CHF 1,167 EBIT of CHF 94 EBIT of CHF 156 million, up by 175% million million million million Conversion Rate High service intensity Strong vo

  5. Slide 5: Business unit update

    02 Business unit update 2 March 2022 | © Kuehne+Nagel | Analyst presentation 5

  6. Slide 6: Sea and Air Logistics volumes

    Sea and Air Logistics volumes 1,400 TEUs '000 TEUs excl APEX Tons '000 Tons excl APEX 880 1,300 1,214 830 1,190 1,193 1,182 1,140 1,200 1,096 1,142 780 1,100 1,075 1,108 1,100 1,089 730 1,121 1,000 680 648 900 630 800 580 584 700 555 530 493 600 480 500 392 460 462 430 433 400 424 380 372 315 300 35

  7. Slide 7: Sea Logistics

    Sea Logistics Continued supply chain disruptions High service intensity Positive effect from product mix 2 March 2022 | © Kuehne+Nagel | Analyst presentation 7

  8. Slide 8: Sea Logistics

    Sea Logistics 732 678 GP/TEU in CHF Exp/TEU in CHF EBIT/TEU in CHF 524 440 455 408 321 308 320 311 299 (263) (270) (277) (247) (252) (225) (219) (217) (198) 188 261 113 104 83 73 80 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2020 2020 2020 2021 2021 2021 2021  Gross profit full-year 2021 at CHF 2,754 mil

  9. Slide 9: Air Logistics

    Air Logistics Strong volume growth Robust transpacific demand supports high yields Positive contribution from acquisitions 2 March 2022 | © Kuehne+Nagel | Analyst presentation 9

  10. Slide 10: Air Logistics

    Air Logistics GP/100 kg in CHF Exp/100 kg in CHF EBIT/100 kg in CHF 153 106 104 95 93 100 98 Excl Apex 83 89 75 81 (71) (59)* (63) (72) (55) (55) (56) (64) (55) Excl Apex (56) * 35 * 40 38 44 41 30 19 * 19 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2020 2020 2020 2021 2021 2021 2021 * adjusted for write-o

  11. Slide 11: Road Logistics

    Road Logistics Strong volume growth in European network High demand for digital solutions “eTrucknow” and customs clearance 2 March 2022 | © Kuehne+Nagel | Analyst presentation 11

  12. Slide 12: Road Logistics

    Road Logistics EBIT in CHF m EBIT/Net TO margin in % 3.2 2.9 2.8 2.3 2.0 1.8 30 1.5 2.0 1.2 24 24 21 19 16 17 12 9 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2020 2020 2020 2021 2021 2021 2021  Net turnover full-year 2021 at CHF 3,689 million, 15% above prior year; Q4 2021 CHF 958 million, 14% above prio

  13. Slide 13: Contract Logistics

    Contract Logistics Organic growth centered in pharma and e-commerce High demand for automated solutions Stronger margins post restructuring 2 March 2022 | © Kuehne+Nagel | Analyst presentation 13

  14. Slide 14: Contract Logistics

    Contract Logistics (excluding one-off impacts) 70 EBIT in CHF m EBIT/Net TO margin in % 60 49 50 43 42 42 40 38 34 28 30 28 4.0 3.7 17 3.4 3.5 20 3.1 3.0 2.4 10 2.2 1.4 - Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2020 2020 2020 2021 2021 2021 2021  Net turnover full-year 2021 at CHF 4,596 million, 6% be

  15. Slide 15: Key financial figures full-year 2021

    03 Key financial figures full-year 2021 2 March 2022 | © Kuehne+Nagel | Analyst presentation 15

  16. Slide 16: Income statement

    Income statement 2020 2020 2020 2020 2020 2021 2021 2021 2021 2021 Variance YTD Variance in % CHF million thereof Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD 2021/2020 Q1 Q2 Q3 Q4 2021/2020 Forex 1 Net turnover 4,912 4,896 5,031 5,543 20,382 6,032 7,241 8,568 10,960 32,801 12,419 1,120 2,345 3,537 5,417 61% (0.

  17. Slide 17: Income statement - EBIT reconciliation full-year 2021

    Income statement - EBIT reconciliation full-year 2021 In CHF million 124% = CHF 1,296 m 175% = CHF 1,876 m 2,946 (603) 2 2,345 1,070 (20) (63) 62 1,049 EBIT 2020 Net profit on Quick net Sale of CL GB EBIT 2020 EBIT 2021 Acquisition/ FX impact 2021 EBIT 2021 as reported sale of impact of early busine

  18. Slide 18: Balance sheet

    Balance sheet December 31, December 31, December 31, December 31, CHF million 2020 2021 2020 2021 Assets Equity and Liabilities Equity attributable to the equity holders 2,407 3,204 Property, plant and equipment 797 766 of the parent company Right-of-use assets 1,500 1,409 Non-controlling interests

  19. Slide 19: Cash / free cash flow

    Cash / free cash flow YTD YTD CHF million Variance In CHF million 2020 2021 1,793 Cash and cash equivalents January 1, net 904 1,713 809 FCF 2019 FCF 2020 Operational cash flow 1,904 3,688 1,784 1,453 FCF 2021 Changes in working capital 120 (740) (860) 1,138 999 Income taxes paid (306) (486) (180) 8

  20. Slide 20: Working capital

    Working capital December 31, December 31, Better/(worse) CHF million 2020 2021 2021 vs. 2020 Trade receivables/contract assets 3,835 7,235 (3,400) Trade payables/accrued trade expenses (3,262) (5,194) 1,932 Net working capital 573 2,041 (1,468) KPIs: Working capital intensity 2.3% 4.3% (2.0%) DSO 50

  21. Slide 21: Return on capital employed (ROCE)

    Return on capital employed (ROCE) ROCE ROCE excl. Acquisitions/Divestments 227% 226% 133% 132% 125% 94% 104% 75% 93% 67% 66% 62% 65% 71% Calculation: last four quarters EBIT (rolling EBIT) divided by 62% the average of the last four quarters capital employed (rolling 51% 51% 53% capital employed); c

  22. Slide 22: Volume growth in 2021

    Volume growth in 2021 Volume Road Logistics Contract Logistics Sea Logistics Air Logistics Net turnover Net turnover growth Volume growth Volume growth growth1 growth1 KN organic KN organic KN organic (3)% 27% 7% 2021 2021 2021 KN 14% 2021 KN total KN total KN total 2% 55% (6)% 2021 2021 2021 Market

  23. Slide 23: eTouch in context

    eTouch in context  Technology integral to realising full scope of efficiency gains Past workflow processes  Further standardisation of Branch eTouch workflow and sequencing of tasks Sequence 2 1+4 3 … Branch  Centralisation of some customer and carrier facing Sequence 1+3 4 2+5 …. tasks Shared se

  24. Slide 24: eTouch progress continues

    eTouch progress continues  Annualised man-hour gains now roughly double those of a year ago  eTouch contribution to organic Air Logistics CR is estimated at 1.8pp vs. 1.1pp a year ago  Other organic CR support factors: portfolio mix and market dynamics Air Logistics workflow area* hours saved (‘0

  25. Slide 25: Technology and innovation

    Technology and innovation  Real-time data and new sensor platform providing state-of-the-art data quality and predictive visibility  Cloud-based IT ecosystem for fast real-time integration and standardisation  Key automation initiatives empowered by artificial intelligence  Flexible, scalable so

  26. Slide 26: Shareholder return - Dividend proposal

    Shareholder return Dividend proposal 10.00 in CHF per share Payout accounts for capital requirements to fund both organic growth and acquisitions 2017 2018 2019 2020 2021 Share price in CHF on 31.12. 172.50 126.35 163.20 200.80 294.40 Market capitalisation in CHF million on 31.12. 20,700 15,162 19,5

  27. Slide 27: Transitioning to a global zero carbon future

    Transitioning to a global zero carbon future Kuehne+Nagel takes sustainability leadership with 2021 sustainability highlights own initiatives and actions for scope 1 and 2 emissions. Promotion of the world’s first power- to-liquid production for synthetic We are committed to the Science Based Target

  28. Slide 28: Outlook 2022

    Outlook 2022 Market Kuehne+Nagel Global GDP growth of 4.3% Sustain agile, high service quality expected, geopolitical uncertainties and network reliability Inefficient supply chains with Ongoing investment in sustainable network disruption and congestion logistics solutions continuing Focus on profi

  29. Slide 29: Inspire. Empower. Deliver.

    Inspire. Empower. Deliver. 2 March 2022 | © Kuehne+Nagel | Analyst presentation 29

  30. Slide 30: Upcoming events

    Upcoming events 06. – 26.04.2022 Closed period 26.04.2022 Three-months 2022 results 03.05.2022 Annual General Meeting 06. – 25.07.2022 Closed period 25.07.2022 Half-year 2022 results 06. - 25.10.2022 Closed period 25.10.2022 Nine-months 2022 results 03.01. - 01.03.2023 Closed period 01.03.2023 Full-

  31. Slide 31: Quarter over Quarter 2021/2020

    Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 1. Sea Logistics A) Income Statement Turnover 2,878 3,311 4,405 5,068 15,662 2,235 2,095 2,251 2,392 8,973 +28.8 +58.0 +95.7 +111.9 +74.5 643 1,216

  32. Slide 32: Quarter over Quarter 2021/2020

    Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 3. Road Logistics A) Income Statement Turnover 1,009 1,134 1,121 1,126 4,390 975 829 899 930 3,633 +3.5 +36.8 +24.7 +21.1 +20.8 34 305 222 196 757 N

  33. Slide 33: Quarter over Quarter 2021/2020

    Quarter over Quarter 2021/2020 2021 2020 Change in % Change in mCHF CHF million 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 6,933 8,212 9,594 11,960 36,699 5,860 5,713 5,875 6,364 23,812 +18.3 +43.7 +63.3 +87.9 +54.1 1,07

  34. Slide 34: Contact

    Contact Markus Blanka-Graff CFO markus.blanka@kuehne-nagel.com Tel: +41 (0)44 7869 644 Christopher Combé Head of Investor Relations christopher.combe@kuehne-nagel.com Tel: +41 (0)44 7869 693 Andrea Kobi Investor Relations andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 561 2 March 2022 | © Kuehne+N

  35. Slide 35: Disclaimer

    Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of Kuehne + Nagel International AG. This document contains forward-looking statements

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