Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q4 2017 Earnings Presentation
14 slides from Landstar System's earnings presentation, Jan 31, 2018
Slide 1: Landstar System, Inc. Earnings Conference Call Fourth Quarter 2017
January 31, 2018 Landstar System, Inc. Earnings Conference Call Fourth Quarter 2017 Date Published: 01/31/2018 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: 01/31/2018
Slide 4: The Network
The Network Landstar Employees Approx. 1,300 Agents Approx. 1,200 Customers 25,000+ Capacity 59,000+ 2017 Results $3.6 billion in revenue 2.0 million loadings 542 million dollar agents 9,696 BCO trucks (2017 year-end) 49,934 Carriers (2017 year-end) 15,000+ Trailers (2017 year-end) Date Published: 0
Slide 5: Percentage of Revenue by service type
Percentage of Revenue 4Q16 4Q17 Truck Transportation Truckload Van equipment 61% 60% Unsided/platform equipment 29% 29% Less-than-truckload 2% 2% Rail intermodal 3% 3% Ocean and air cargo 2% 4% Transportation Management Services Date Published: 01/31/2018
Slide 6: Revenue
The Company’s fiscal year ends each year on the last Saturday in December and, as such, the Company’s 2017 fourth quarter included thirteen weeks of operations whereas the 2016 fourth quarter included fourteen weeks. Fiscal year 2017 included fifty-two weeks of operations whereas fiscal year 2016 in
Slide 7: Truckload Loadings and Revenue per Load
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 01/31/2018 The Company’s fiscal year ends each year on the last Saturday in December and, as such, the Company’s 2017, 2015 and 2014 fourth quarters included thirteen weeks of operations w
Slide 8: Industries Served
As a Percentage of Revenue 4Q16 4Q17 Quarter over Prior Year Quarter Growth Consumer Durables 21.6 23.2 27% Machinery 14.2 13.4 12% Automotive 9.1 7.3 -5% Building Products 8.1 9.1 32% Metals 6.1 6.2 20% AA&E, Hazmat 7.2 7.5 22% Foodstuffs 5.5 5.4 17% Energy 3.1 2.8 6% Other 25.1 25.1 18% Transporta
Slide 9: Gross Profit and Gross Profit Margin
14.9% 14.2% Gross profit equals revenue less the cost of purchased transportation and commissions to agents. Gross profit margin equals gross profit divided by revenue. The Company’s fiscal year ends each year on the last Saturday in December and, as such, the Company’s 2017 fourth quarter included
Slide 10: Operating Income and Operating Margin
50.5% 48.4% 4 Operating margin equals operating income divided by gross profit. The Company’s fiscal year ends each year on the last Saturday in December and, as such, the Company’s 2017 fourth quarter included thirteen weeks of operations whereas the 2016 fourth quarter included fourteen weeks. Fis
Slide 11: Truck Capacity Data
Date Published: 01/31/2018 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 Dec 31, Dec 30, External Revenue $8,824 #REF! #REF! 2016 (2) 2017 (2) Purchased Transportati
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. Capital expenditures includes approximately $8.5 million for the acquisition of a business during the 2017 year-to-date period. Date Published: 01/31/2018 Key Balance Sheet and Cash Flow Statistics ($
Slide 13: Free Cash Flow / Share Purchases
Free Cash Flow (1) / Share Purchases Date Published: 01/31/2018 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide.
Slide 14: DESIGNED TO RESPOND
DESIGNED TO RESPOND SUIT TO DELIVER’ Dubtished: 01/31/2018