Slide 1: Landstar System, Inc. Earnings Conference Call First Quarter 2016
April 20, 2016 Landstar System, Inc. Earnings Conference Call First Quarter 2016 Date Published: 04/20/2016 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: 04/20/2016
Slide 4: The Network 2015 Results
The Network Date Published: 04/20/2016 2015 Results $3.3 billion in revenue 1.8 million loadings 512 million dollar agents 9,500 BCO trucks (2015 year-end) 44,000 Carriers (2015 year-end) 14,000 Trailers (2015 year-end)
Slide 5: Transportation Management Services
Transportation Management Services Date Published: 04/20/2016
Slide 6: Revenue
Date Published: 04/20/2016 Revenue ($’s in thousands) Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled.
Slide 7: Truckload Loadings and Revenue per Load (Excludes LTL)
Date Published: 04/20/2016 Truckload Loadings and Revenue per Load (Excludes LTL)
Slide 8: Industries Served As a Percentage of Revenue
Industries Served Date Published: 04/20/2016 As a Percentage of Revenue Q1 Q1 2015 2016 Quarter over Prior Year Quarter Growth Consumer Products / Appliances / Furniture 19.2 20.5 0% Machinery 15.1 14.6 -10% Automotive 9.5 9.7 -5% Building Products 7.5 8.6 7% Metals 7.4 6.6 -16% AA&E, Hazmat 7.3 7.5
Slide 9: Gross Profit and Gross Profit Margin
15.1% 15.8% 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 55% and 56% of revenue in the 2015 and 2016 first quarters, respective
Slide 10: Operating Income and Operating Margin
42.5% 42.7% Operating margin equals operating income divided by gross profit. Date Published: 04/20/2016 Operating Income and Operating Margin (1) ($’s in thousands) First Quarter Operating Income
Slide 11: Truck Capacity Data
Date Published: 04/20/2016 Truck Capacity Data (All information other than fuel surcharges are at the end of the period) Active refers to truck brokerage carriers who hauled freight for Landstar in the 180 day period immediately preceding the period end. Fuel surcharges billed to customers on freigh
Slide 12: Key Balance Sheet and Cash Flow Statistics
(1) Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Date Published: 04/20/2016 Key Balance Sheet and Cash Flow Statistics ($’s in thousands)
Slide 13: Free Cash Flow / Share Purchases
Free Cash Flow / Share Purchases (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide. Date Published: 04/20/2016
Slide 14: DatesPublished: -04/20/2016-
DatesPublished: -04/20/2016-