Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — FY2015 Earnings Presentation

23 slides from Kuehne & Nagel International's earnings presentation, Mar 2, 2016

  1. Slide 1: Analyst Conference Call – Full-year 2015 results

    Kuehne + Nagel International AG Analyst Conference Call – Full-year 2015 results March 2, 2016 (CET 14.00) Schindellegi, Switzerland

  2. Slide 2: Forward-looking statements

    Forward-looking statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of Kuehne + Nagel International AG, may cause actual development and results to differ materially from the

  3. Slide 3: Agenda

    Agenda Overview full-year 2015 results Financial review Appendices Kuehne + Nagel Group - Full-year 2015 results March 2, 2016 p. 3

  4. Slide 4: Overview full-year 2015 results - Kuehne + Nagel Group

    Overview full-year 2015 results - Kuehne + Nagel Group Net turnover Gross profit EBIT in CHF million in CHF million in CHF million + 3.6% + 8.0% + 10.9% 908 18'133 6'789 17'501 850 6'288 819 6'251 16'731 (4.4%) (0.6%) + 3.8% 2014 2015 2015 cc 2014 2015 2015 cc 2014 2015 2015 cc  Net turnover growth

  5. Slide 5: Seafreight - Performance of business unit

    Seafreight - Performance of business unit Income Statement YTD Dec YTD Dec Variance in CHF million 2014 2015 2015/2014 Growth Forex 1 Turnover 9'240 8'739 (5.4%) 1.6% (7.0%) Gross profit 1'313 1'381 5.2% 13.3% (8.1%) EBITDA 423 485 14.7% 24.4% (9.7%) EBIT 398 459 15.3% 24.6% (9.3%) EBIT in % of GP 3

  6. Slide 6: Airfreight - Performance of business unit

    Airfreight - Performance of business unit Income Statement YTD Dec YTD Dec Variance in CHF million 2014 2015 2015/2014 Growth Forex 1 Turnover 4'207 4'014 (4.6%) 3.4% (8.0%) Gross profit 880 904 2.7% 9.5% (6.8%) EBITDA 257 286 11.3% 16.4% (5.1%) EBIT 238 265 11.3% 16.3% (5.0%) EBIT in % of GP 27.0%

  7. Slide 7: Development of volumes

    Development of volumes Seafreight Airfreight [TEU] ‘000 [TON] ‘000  Volume maintained at previous year level  Volume increase of 4.7% or 56’000 tons yoy  Yield increase of 5.2% or CHF 18 GP/TEU yoy  Yield decrease of 2.7% or CHF 2 GP/100kg yoy 996 991 996 991994 968 328 968 317 317 312 937 937 3

  8. Slide 8: Overland - Performance of business unit

    Overland - Performance of business unit Income Statement YTD Dec YTD Dec Variance in CHF million 2014 2015 2015/2014 Growth Acquisition Forex 1 Net turnover 2'762 2'589 (6.3%) (3.0%) 6.9% (10.2%) Gross profit 898 834 (7.1%) (0.2%) 3.2% (10.1%) EBITDA 69 50 (27.5%) (39.0%) 10.1% 1.4% EBIT 30 7 (76.7%

  9. Slide 9: Contract Logistics - Performance of business unit

    Contract Logistics - Performance of business unit Income Statement YTD Dec YTD Dec Variance in CHF million 2014 2015 2015/2014 Growth Forex 1 Net turnover 4'441 4'312 (2.9%) 5.5% (8.4%) Gross profit 3'197 3'132 (2.0%) 6.8% (8.8%) EBITDA 256 220 (14.1%) (4.3%) (9.8%) EBIT 153 119 (22.2%) (13.0%) (9.2

  10. Slide 10: Agenda

    Agenda Overview full-year 2015 results Financial review Appendices Kuehne + Nagel Group - Full-year 2015 results March 2, 2016 p. 10

  11. Slide 11: Income statement

    Income statement 2014 2014 2014 2014 YTD Dec 2015 2015 2015 2015 YTD Dec Variance Variance in % CHF million Acquisi- Q1 Q2 Q3 Q4 2014 Q1 Q2 Q3 Q4 2015 2015/2014 Q1 Q2 Q3 Q4 2015/2014 Growth tion Forex 1 Net turnover 4'127 4'373 4'504 4'497 17'501 4'096 4'129 4'201 4'305 16'731 (770) (31) (244) (303)

  12. Slide 12: Financial overview Financial targets 2016

    Financial overview Financial targets 2016 CHF million 2014 2015 Profitability  Group EBIT margin to net turnover > 5% Net turnover 17'501 16'731 Gross profit 6'288 6'251 EBITDA 1'005 1'041 CAPEX  2016: CHF 215 million (2015: CHF 253 million) EBIT 819 850 EBIT margin to net turnover 4.7% 5.1% Net e

  13. Slide 13: Financial review - Balance sheet

    Financial review - Balance sheet 31 December 31 December 31 December 31 December CHF million 2014 2015 2014 2015 Assets Liabilities and equity Property, plant and equipment 1'175 1'142 Equity attributable to the equity 2'448 2'121 holders of the parent company Goodwill 695 767 Other intangibles 49 9

  14. Slide 14: Financial review - Cash flow full-year 2015

    Financial review - Cash flow full-year 2015 CHF million 2014 2015 Variance Cash flow from operating activities 810 1'010 200 Cash flow from investing activities (156) (421) (265) Cash flow from financing activities (738) (878) (140) Exchange difference on cash and cash equivalents 5 (35) (40) Increa

  15. Slide 15: Financial review - Working capital development

    Financial review - Working capital development Better/(worse) December December December 15 CHF million 2014 2015 vs. December 14 Trade receivables & Work in progress 2'993 2'816 177 Trade payables & Accrued trade expenses (2'351) (2'222) (129) Net working capital 642 594 48 KPI's: Working capital i

  16. Slide 16: Return on capital employed

    Return on capital employed 72% 70% 70%* 70% 68% 69% 66% 64% 64% 62% 60% 60% 58% 58% 56% 56% 54% 55% 53% 52% 50% 51% 48% 49% 46% 47%* 48% 44% 42% 40% ‘ * Rolling EBIT excluding EU Antitrust fine Q4 2012 and Q4 2015 Last four quarters EBIT (rolling EBIT) divided by the average of the last four quarter

  17. Slide 17: 2016: Continuity in strategy, organic growth, strict cost management

    2016  Continuity in strategy Momentum  Organic growth  Strict cost management Leverage  Process optimisation  Added value through innovation Innovation  Volumes  Market share Growth  EBIT Kuehne + Nagel Group - Full-year 2015 results March 2, 2016 p. 17

  18. Slide 18: Appendices

    KUEHNE+NAGEL Appendices

  19. Slide 19: Upcoming events

    Upcoming events April 19, 2016 Three-months 2016 results May 3, 2016 Annual General Meeting May 9, 2016 Dividend payment for 2015 July 19, 2016 Half-year 2016 results October 18, 2016 Nine-months 2016 results March 1, 2017 Full year 2016 results Kuehne + Nagel Group - Full-year 2015 results March 2,

  20. Slide 20: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 1. Seafreight A) Income Statement Turnover 2,244 2,200 2,236 2,059 8,739 2,154 2,308 2,486 2,292 9,240 +4.2 (4.7) (10.1) (10

  21. Slide 21: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 3. Overland A) Income Statement Turnover 644 652 717 812 2,825 754 784 739 742 3,019 (14.6) (16.8) (3.0) +9.4 (6.4) (110) (1

  22. Slide 22: Quarter over quarter 2015/2014

    Quarter over quarter 2015/2014 2015 2014 2015 / 2014 Change in % 2015 / 2014 Change in mCHF CHF million Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL 5. Kuehne + Nagel Group A) Income Statement Turnover 4,988 4,998 5,118 5,179 20,283 5,029 5,328 5,494 5,440 21,291 (0.8) (6.

  23. Slide 23: Contact and Disclaimer

    Contact Markus Blanka-Graff Andrea Kobi CFO Investor Relations markus.blanka@kuehne-nagel.com andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 644 Tel: +41 (0)44 7869 561 Disclaimer Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requeste

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