Kuehne & Nagel International Ag · SIX:KNIN
Kuehne & Nagel International — Kuehne + Nagel International — Q3 2022 Earnings Presentation
28 slides from Kuehne & Nagel International's earnings presentation, Oct 25, 2022
Slide 1: Analyst conference Nine-months 2022 results
Analyst conference Nine-months 2022 results Kuehne + Nagel International AG Schindellegi, Switzerland 25 October 2022 (CEST 14.00)
Slide 2: Overview nine-months 2022 results
01 Overview nine-months 2022 results 25 October 2022 | © Kuehne+Nagel | Analyst presentation 2
Slide 3: Highlights nine-months 2022 results
Highlights nine-months 2022 results Net turnover Gross profit 30,603 CHF million 2021: 21,841 8,610 CHF million 2021: 6,871 40% increase on the previous year; 37% organic 25% growth on the previous year; 24% growth excluding FX organic growth excluding FX Free cash flow EPS 2,629 CHF million 2021: 9
Slide 4: Strong earnings growth in all business units
Strong earnings growth in all business units Sea Air Road Contract Logistics Logistics Logistics Logistics EBIT of CHF 3,119 EBIT of CHF 1,711 EBIT of CHF 1,149 EBIT of CHF 120 million EBIT of CHF 139 million, up by 71% million million All regions contributed million Conversion Rate Yields significa
Slide 5: Business unit update
02 Business unit update 25 October 2022 | © Kuehne+Nagel | Analyst presentation 5
Slide 6: Sea and Air Logistics volumes
Sea and Air Logistics volumes Tons '000 TEUs '000 1,214 1,193 1,182 1,140 1,142 1,114 1,135 1,096 1,048 648 555 584 574 570 543 392 433 354 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2020 2021 2021 2021 2021 2022 2022 2022 Sea Logistics volumes nine-months 2022 4% below prior year; Q3 2022 down by 5% Air L
Slide 7: Sea Logistics
Sea Logistics Yields significantly improved by 55% Increased volatility in major trade lanes Current focus on yield and product mix 25 October 2022 | © Kuehne+Nagel | Analyst presentation 7
Slide 8: Sea Logistics
Sea Logistics 929 869 764 GP/TEU in CHF Exp/TEU in CHF 732 EBIT/TEU in CHF 678 593 527 524 443 455 440 408 321 (336) (342) 311 (321) (263) (270) (277) (252) (198) (217) 261 113 104 188 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2020 2021 2021 2021 2021 2022 2022 2022 Gross profit nine-months 2022 at CHF 2,80
Slide 9: Air Logistics
Air Logistics Yields up 38% versus prior year Resilient, positive volume development Current focus on customer experience 25 October 2022 | © Kuehne+Nagel | Analyst presentation 9
Slide 10: Air Logistics
Air Logistics GP/100 kg in CHF Exp/100 kg in CHF 153 EBIT/100 kg in CHF 142 140 130 104 95 100 89 93 81 74 (71) * 70 (63) (59) (55) (55) (56) (70) 59 * (72) (68) 40 44 41 30 38 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2020 2021 2021 2021 2021 2022 2022 2022 * adjusted for Quick one-off in Q3 2020 of net CHF
Slide 11: Road Logistics
Road Logistics All regions contributed to the record result High utilisation and digital solutions drive strong yield 25 October 2022 | © Kuehne+Nagel | Analyst presentation 11
Slide 12: Road Logistics
Road Logistics EBIT/Net TO margin in % EBIT in CHF m 50 40 30 30 24 24 21 4.8 19 12 4.1 3.2 3.1 2.9 2.8 2.3 2.0 1.5 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2020 2021 2021 2021 2021 2022 2022 2022 Net turnover nine-months 2022 at CHF 3,016 million, 10% above prior year; Q3 2022 CHF 983 million, 7% above pr
Slide 13: Contract Logistics
Contract Logistics Profits lifted by healthcare and e-commerce Continuous focus on high value creation for selected verticals 25 October 2022 | © Kuehne+Nagel | Analyst presentation 13
Slide 14: Contract Logistics
Contract Logistics (excluding one-off impacts) EBIT in CHF m EBIT/Net TO margin in % 58 49 42 42 44 38 37 34 28 4.7 4.0 3.7 3.8 3.4 3.5 3.0 3.0 2.2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2020 2021 2021 2021 2021 2022 2022 2022 Net turnover nine-months 2022 at CHF 3,631 million, 7% above prior year; Q3 20
Slide 15: Key financial figures nine-months 2022
03 Key financial figures nine-months 2022 25 October 2022 | © Kuehne+Nagel | Analyst presentation 15
Slide 16: Income statement
Income statement 2021 2021 2021 2021 2022 2022 2022 2022 Variance YTD Variance in % CHF million Acquisition/ Q1 Q2 Q3 YTD Q1 Q2 Q3 YTD 2022/2021 Q1 Q2 Q3 2022/2021 Growth Forex 1 disposal Net turnover 6,032 7,241 8,568 21,841 10,158 10,473 9,972 30,603 8,762 4,126 3,232 1,404 40.1% 37.2% 6.8% (3.9%)
Slide 17: Balance sheet
Balance sheet December 31, September 30, December 31, September 30, CHF million 2021 2022 2021 2022 Assets Equity and Liabilities Equity attributable to the equity holders 3,204 3,853 Property, plant and equipment 766 679 of the parent company Right-of-use assets 1,409 1,366 Non-controlling interest
Slide 18: Cash / free cash flow
Cash / free cash flow YTD YTD In CHF million CHF million Variance Q3 2021 Q3 2022 3,000 3 Cash and cash equivalents January 1, net 1,713 2,300 587 2,629 FCF 2020 2,500 Operational cash flow 2,402 3,682 1,280 FCF 2021 Changes in working capital (555) 104 659 FCF 2022 2,000 1,711 1,793 Income taxes pa
Slide 19: Working capital
Working capital September 30, September 30, Better/(worse) CHF million 2021 2022 2022 vs. 2021 Trade receivables/contract assets 6,163 7,240 (1,077) Trade payables/accrued trade expenses/contract liabilities* (4,693) (5,375) 682 Net working capital 1,470 1,865 (395) KPIs: Working capital intensity 3
Slide 20: Return on capital employed (ROCE)
Return on capital employed (ROCE) 260% 251% 194% 161% 125% 104% 93% Calculation: last four quarters EBIT (rolling EBIT) divided by the average of the last four quarters capital employed (rolling 71% 62% capital employed); capital employed: assets and liabilities excluding investments in joint ventur
Slide 21: Current perspectives: Market, Kuehne+Nagel
Current perspectives Market Kuehne+Nagel High demand for effective solutions and Ongoing focus on customer experience: high quality services high service quality, agility and reliability Global GDP growth expectations continue Focusing on product mix and yield to decline: currently 2.9% vs. 3.5% in
Slide 22: Inspire. Empower. Deliver.
Inspire. Empower. Deliver. 25 October 2022 | © Kuehne+Nagel | Analyst presentation 22
Slide 23: Upcoming events
Upcoming events 02.01. - 01.03.2023 Closed period 01.03.2023 Full-year 2022 results and Capital Markets Day 05.04. - 25.04.2023 Closed period 25.04.2023 Three-months results 2023 09.05.2023 Annual General Meeting 05.07. - 25.07.2023 Closed period 25.07.2023 Six-months results 2023 05.10. - 25.10.202
Slide 24: Quarter over Quarter 2022/2021
Quarter over Quarter 2022/2021 2022 2021 Change in % Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 1. Sea Logistics A) Income Statement Turnover 5,363 5,457 5,433 16,253 2,878 3,311 4,405 10,594 +86.3 +64.8 +23.3 +53.4 2,485 2,146 1,028 5,659 Net Turnover 4,8
Slide 25: Quarter over Quarter 2022/2021
Quarter over Quarter 2022/2021 2022 2021 Change in % Change in mCHF CHF million Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL Q1 Q2 Q3 TOTAL 3. Road Logistics A) Income Statement Turnover 1,124 1,196 1,144 3,464 1,009 1,134 1,121 3,264 +11.4 +5.5 +2.1 +6.1 115 62 23 200 Net Turnover 982 1,051 983 3,0
Slide 26: Quarter over Quarter 2022/2021
Quarter over Quarter 2022/2021 2022 2021 Change in % 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 11,090 11,379 10,891 33,360 6,933 8,212 9,594 24,739 +60.0 +38.6 +13.5 +34.8 4,157 3,167 1,297 8,621 Customs
Slide 27: 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 25 October 2022 | © Kuehn
Slide 28: 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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