Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q1 2018 Earnings Presentation
14 slides from Landstar System's earnings presentation, Apr 25, 2018
Slide 1: Landstar System, Inc. Earnings Conference Call First Quarter 2018
April 25, 2018 Landstar System, Inc. Earnings Conference Call First Quarter 2018 Date Published: 04/25/2018 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: 04/25/2018
Slide 4: The Network
The Network Landstar Employees Approx. 1,300 Agents Approx. 1,200 Customers 25,000+ Capacity 59,000+ 2017 Results $3.6 billion in revenue 2.0 million loadings 542 million dollar agents 9,696 BCO trucks (2017 year-end) 49,934 Carriers (2017 year-end) 15,000+ Trailers (2017 year-end) Date Published: 0
Slide 5: Percentage of Revenue by Transportation Mode
Percentage of Revenue 1Q17 1Q18 Truck Transportation Truckload Van equipment 60% 63% Unsided/platform equipment 30% 29% Less-than-truckload 3% 2% Rail intermodal 3% 3% Ocean and air cargo 3% 2% Transportation Management Services Date Published: 04/25/2018
Slide 6: Revenue by Mode, Quarter Change in Rate and Volume
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 04/25/2018 Quarter Quarter
Slide 7: Truckload Loadings and Revenue per Load (Excludes LTL)
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 04/25/2018
Slide 8: Industries Served
As a Percentage of Revenue 1Q17 1Q18 Quarter over Prior Year Quarter Growth Consumer Durables 21.5 23.5 48% Machinery 15.3 14.0 23% Automotive 8.7 8.4 31% Building Products 8.6 8.5 34% Metals 6.7 6.4 30% AA&E, Hazmat 8.8 8.9 37% Foodstuffs 5.2 6.0 57% Energy 3.1 2.3 1% Other 22.3 21.9 32% Transporta
Slide 9: Gross Profit and Gross Profit Margin
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 54% and 52% of revenue in the 2017 and 2018 first quarters, respectively. Gross Pr
Slide 10: Operating Income and Operating Margin
48.4% 4 Operating margin equals operating income divided by gross profit. Operating Income and Operating Margin (1) ($’s in thousands) Date Published: 04/25/2018 Quarter 10 48.3% 43.0%
Slide 11: Truck Capacity Data
Date Published: 04/25/2018 Truck Capacity Data (All information is provided as of the end of the period)
Slide 12: Key Balance Sheet and Cash Flow Statistics
Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Date Published: 04/25/2018 Key Balance Sheet and Cash Flow Statistics ($’s in thousands)
Slide 13: Free Cash Flow / Share Purchases
Free Cash Flow (1) / Share Purchases Date Published: 04/25/2018 (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: 04/25/2018