Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — FY2014 Earnings Presentation

27 slides from Kuehne & Nagel International's earnings presentation, Feb 25, 2015

  1. Slide 1: Analyst Conference Call – Full-year 2014 results

    Kuehne + Nagel International AG Analyst Conference Call – Full-year 2014 results February 25, 2015 (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 2014 results Financial review Appendices Kuehne + Nagel Group – Full-year 2014 results February 25, 2015 p. 3

  4. Slide 4: Overview full-year 2014 results - Kuehne + Nagel Group

    Overview full-year 2014 results - Kuehne + Nagel Group Net turnover Gross Profit EBIT in CHF million in CHF million in CHF million + 5.1% + 2.9% + 11.1% 846 18'047 6'439 819 6'288 17'501 6'257 761 17'178 1.9% 0.5% + 7.6% 2013 2014 2014 cc 2013 2014 2014 cc 2013 2014 2014 cc  Net turnover growth of

  5. Slide 5: Development of volumes

    Development of volumes Seafreight Airfreight [TEU] ‘000 [TON] ‘000  Volume increase of  Volume increase of 6.8% yoy 5.3% yoy 400 1,194 1200 1200 3900 380 3,820 1150 360 3750 1150 340 1,134 1100 3,578 317 3600 320 1050 295 297 297 996 300 1100 991 1000 3450 281 285 277 279 280 950 937 923 3300 260

  6. Slide 6: EBIT per business unit – Full-year 2014/2013

    EBIT per business unit – Full-year 2014/2013 Business Unit YTD Dec YTD Dec YTD Dec (in CHF million) 2013 2014 2014 cc1 Seafreight 405 398 414 Airfreight 222 238 247 Overland (8) 30 30 Contract Logistics 142 153 155 Kuehne + Nagel 761 819 846 1 cc (constant currencies) Kuehne + Nagel Group – Full-yea

  7. Slide 7: Seafreight – Performance of business unit

    Seafreight – Performance of business unit Income Statement YTD Dec YTD Dec Variance in CHF million 2013 2014 2014/2013 Growth Forex Turnover 9'118 9'240 1.3% 5.3% (4.0%) Gross Profit 1'319 1'313 (0.5%) 4.1% (4.6%) EBITDA 429 423 (1.4%) 2.6% (4.0%) EBIT 405 398 (1.7%) 2.3% (4.0%) EBIT in % of GP 30.7

  8. Slide 8: Airfreight - Performance of business unit

    Airfreight - Performance of business unit Income Statement YTD Dec YTD Dec Variance in CHF million 2013 2014 2014/2013 Growth Forex Turnover 4'143 4'207 1.5% 5.5% (4.0%) Gross Profit 877 880 0.3% 4.3% (4.0%) EBITDA 247 257 4.0% 8.0% (4.0%) EBIT 222 238 7.2% 11.3% (4.1%) EBIT in % of GP 25.3% 27.0% 3

  9. Slide 9: Overland - Performance of business unit

    Overland - Performance of business unit Income Statement YTD Dec YTD Dec Variance in CHF million 2013 2014 2014/2013 Growth Forex Net Turnover 2'806 2'762 (1.6%) 1.0% (2.6%) Gross Profit 902 898 (0.4%) 1.4% (1.8%) EBITDA 33 69 > 100% > 100% 0.0% EBIT (8) 30 > 100% > 100% 0.0% EBITDA / Net Turnover M

  10. Slide 10: Contract Logistics - Performance of business unit

    Contract Logistics - Performance of business unit Income Statement YTD Dec YTD Dec Variance in CHF million 2013 2014 2014/2013 Growth Forex Net Turnover 4'252 4'441 4.4% 6.0% (1.6%) Gross Profit 3'159 3'197 1.2% 2.4% (1.2%) EBITDA 253 256 1.2% 3.2% (2.0%) EBIT 142 153 7.7% 9.1% (1.4%) EBITDA / Net T

  11. Slide 11: Agenda

    Agenda Overview full-year 2014 results Financial review Appendices Kuehne + Nagel Group – Full-year 2014 results February 25, 2015 p. 11

  12. Slide 12: Income statement

    Income statement 2 2013 2013 2013 2013 YTD Dec 2014 2014 2014 2014 YTD Dec Variance Variance in % CHF million 0 Q1 Q2 Q3 Q4 2013 Q1 Q2 Q3 Q4 2014 2014/2013 Q1 Q2 Q3 Q4 2014/2013 Growth Forex 1 Net Turnover 4'182 4'368 4'323 4'305 17'178 4'127 4'373 4'504 4'497 17'501 323 (55) 5 181 192 1.9% 5.1% (3.

  13. Slide 13: Financial overview full-year 2014

    Financial overview full-year 2014 CHF million 2013 2014 Net turnover 17'178 17'501 Gross Profit 6'257 6'288 EBITDA 962 1'005 Dividend proposal 2014: EBIT 761 819  Dividend CHF 4.00 EBIT margin to Net turnover 4.4% 4.7%  Extraordinary dividend CHF 3.00 Net earnings for the period 597 633 Dividend 2

  14. Slide 14: Financial targets

    Financial targets Profitability  Group EBIT margin to Net Turnover of 5% CAPEX  2015: CHF 228 million (2014: CHF 196 million) Working  Target to maintain working capital intensity at 3.5 to 4.0% Capital Cash  Emphasis on safeguarding a high cash position Tax  Effective tax rate around 21 to 22%

  15. Slide 15: Financial review - Balance sheet

    Financial review - Balance sheet 31 December 31 December 31 December 31 December CHF million 2013 2014 2013 2014 Assets Liabilities and equity Property, plant and equipment 1'151 1'175 Equity attributable to the equity 2'537 2'448 holders of the parent company Goodwill 688 695 Other intangibles 89 4

  16. Slide 16: Financial review - Cash flow full-year 2014

    Financial review - Cash flow full-year 2014 CHF million 2013 2014 Variance Operational cash flow 966 1'000 34 Changes in working capital 17 22 5 Income taxes paid (190) (212) (22) Cash flow from operating activities 793 810 17 Cash flow from investing activities (146) (156) (10) Cash flow from finan

  17. Slide 17: Financial review - Working capital development

    Financial review - Working capital development Better/(Worse) December March June September December December 14 CHF million 2013 2014 2014 2014 2014 vs. December 13 Trade receivables & Work in progress 2'806 2'879 2'986 3'067 2'993 (187) Trade payables & Accrued trade expenses (2'148) (2'061) (2'14

  18. Slide 18: Development main exchange rates vs. CHF in 2014

    Development main exchange rates vs. CHF in 2014 Translation impact Impact on YTD December Variance % earnings for 2013 2014 the year in % Income Statement (average rates) Euro 1.2296 1.2146 (1.2% ) US Dollar 0.9237 0.9158 (0.9% ) (3.6% ) British Pound 1.4492 1.5071 4.0% Material negative exchange ra

  19. Slide 19: Outlook 2015 - development main exchange rates vs. CHF

    Outlook 2015 - development main exchange rates vs. CHF Translation impact Impact on Estimate 2015 2014 Variance % earnings for the year in CHF Income Statement (average rates) million Euro 1.0500 1.2146 (13.6% ) (39) US Dollar 0.9000 0.9158 (1.7% ) (4) British Pound 1.3600 1.5071 (9.8% ) (4) Kuehne

  20. Slide 20: Outlook 2015 - volume development

    Outlook 2015 - volume development 2014 - Actual 2015 - Estimate Business Unit Market Kuehne + Nagel Market Kuehne + Nagel Seafreight + 4 to 5 % +7% + 4 to 5 % 1.5 x market [TEU] Airfreight + 3 to 4 % +5% + 4 to 5 % 1.5 x market [Ton] Overland [Net turnover] + 1 to 3 % +1% + 2 to 3 % market In cc1 Co

  21. Slide 21: Outlook 2015 – taking advantage of our momentum

    Outlook 2015 – taking advantage of our momentum  Continuous implementation of the defined strategy Momentum  Organic growth of the networks and market share gains  Strict cost management  Further standardisation and optimisation of processes Leverage and structures  Development and implementati

  22. Slide 22: Appendices

    KUEHNE+NAGEL Appendices

  23. Slide 23: Upcoming events

    Upcoming events April 14, 2015 First quarter 2015 results May 5, 2015 Annual General Meeting May 12, 2015 Dividend payment for 2014 July 14, 2015 Half-year 2015 results October 13, 2015 Nine-months 2015 results Kuehne + Nagel Group – Full-year 2014 results February 25, 2015 p. 23

  24. Slide 24: Quarter over quarter 2014/2013

    Quarter over quarter 2014/2013 2014 2013 2014 / 2013 Change in % 2014 / 2013 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 2'154 2'308 2'486 2'292 9'240 2'236 2'313 2'385 2'184 9'118 (3.7) (0.2) +4.2 +4.9

  25. Slide 25: Quarter over quarter 2014/2013

    Quarter over quarter 2014/2013 2014 2013 2014 / 2013 Change in % 2014 / 2013 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 754 784 739 742 3'019 737 790 762 770 3'059 +2.3 (0.8) (3.0) (3.6) (1.3) 17 (6) (23

  26. Slide 26: Quarter over quarter 2014/2013

    Quarter over quarter 2014/2013 2014 2013 2014 / 2013 Change in % 2014 / 2013 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 5'029 5'328 5'494 5'440 21'291 5'094 5'300 5'311 5'224 20'929 (1.3) +0.

  27. Slide 27: 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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