Gtm · RUS:GTRK
Gtm — Globaltruck Management — H1 2020 Earnings Presentation
16 slides from Gtm's earnings presentation, 2020
Slide 1: 1
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Slide 2: Disclaimer
Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE STRICTLY CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA AND JAPAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WO
Slide 3: Table of Contents
Table of Contents 1 Key Developments 5 2 Operational Developments 9 3 Financial Results 12 3
Slide 4: Company Overview
COMPANY OVERVIEW Route network 4
Slide 5: I. Key Developments
CF Globattruck Il. Key Developments
Slide 6: 1H 2020 Performance Highlights
1H 2020 Performance Highlights 1H 2019 1H 2020 2.7 avg. age 3 (average ▪ Due to COVID-19 , the purchase of 40 trucks was postponed for the 2nd half of the -3% # of trucks) 1 360 year [1] 1 319 ▪ During the 1H20 we acquired 10 new semi-trailers to replace aging models Fleet Size ▪ New longer semi-tra
Slide 7: Challenging Market Environment - COVID19
Challenging Market Environment - COVID19 Freight rates in Russia 1H2020, yoy % 7,5% 5,5% 3,5% 1,5% -0,5% January February March April May June -2,5% -4,5% Market [1] GTM [2] Globaltruck [2] ▪ COVID19 put a significant pressure on freight rates in 2020. ▪ Many clients initiated reviewing commercial t
Slide 8: Strategic initiatives
Strategic initiatives ▪ Due to COVID-19 Russian macro environment has deteriorated. Pricing ▪ With demand falling, we provided lower rates to some clients to keep the business going ▪ Launched in 2017, Express / Cargo Pipeline continues to deliver solid results: 160% revenue per truck against regula
Slide 9: II. Operational Developments
9 II. Operational Developments
Slide 10: Truck Fleet Dynamics
Truck Fleet Dynamics Truck fleet in operation Fleet expansion in 1H 2020 (trucks) 1 346 1 360 1 319 1 245 ▪ Currently GT operates a fleet of 1,305 trucks and 1457 trailers 1 097 1 085 ▪ Volvo accounts for a predominant majority of trucks in operation ▪ During 1H 2020 Globaltruck focused on testing g
Slide 11: Operational Highlights
Operational Highlights ▪ Over the period of 1H 2019 – Covered distance per truck/month [1] Loaded run ratio 1H 2020 the total freight rate (ths km) (%) decreased on 0.13 p.p.[1] ▪ We have increased the 0.1% p.p. average number of road trains 3.1% 92,3% 92,6% 92,3% engaged in Cargo Pipeline 16,5 16,3
Slide 12: III. Financial Results
CF Globattruck Ill. Financial Results
Slide 13: Revenue Dynamic 1H 2020
Revenue Dynamic 1H 2020 ▪Revenue TBU diversification Revenue bridge 1H 2020 vs 1H 2019 1H 2020 (RUB mn) 9% Transportation revenue by geography 91% Russia International 1H 2020 38% Transportation revenue by service Period # of trucks RUB/km ths km % RUB mn RUB mn 62% 1H 2019 1,360 33.9 15.8 92.3% 410
Slide 14: Cost Drivers
Cost Drivers Key cost items Fuel costs Driver costs (RUB mn) (RUB mn) (RUB mn) Fuel 56 22 1 077 11% 999 1% Drivers 7% 42% Road Charges 8% Total [1] 3,517 R&M Insurance 31% Other [2] Driver costs 1H # of drivers Driver salary Driver costs 1H 2019 2020 R&M costs SG&A costs Direct costs per truck (RUB
Slide 15: EBITDA 1H 2019 vs 1H 2020
EBITDA 1H 2019 vs 1H 2020 Per truck EBITDA adj. [1] (RUB ths) (-27.8%) Total EBITDA adj. [1] (RUB mn) -29.9% 100 [1] Adjusted EBITDA for is defined as income before interest, income tax expense, depreciation of fixed assets and intangible assets, foreign exchange gain (loss). 15 Source: IFRS and Man
Slide 16: Debt & Capex
Debt & Capex Debt structure as of 30 Jun 2020 Investment in Fleet Expansion (RUB mn) RUB 1 056 3 172 384 -118 Total Debt 43% 40% 4 022 RUB RUB 3,740 3,740 mn 57% mn 60% 1 548 22 576 (192) (141) (492) (850) 2017 2018 1H 2019 1H 2020 100% Term loans Finance leasing Truck fleet additions Net truck flee
Globaltruck Management — H1 2020 Earnings Presentation on 6ix