Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — Q1 2017 Earnings Presentation

25 slides from Kuehne & Nagel International's earnings presentation, Apr 20, 2017

  1. Slide 1: Analyst Conference – First quarter 2017 results

    Kuehne + Nagel International AG Analyst Conference – First quarter 2017 results April 20, 2017 (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 first quarter 2017 results Financial review Appendices © Kuehne + Nagel | Analyst Conference | April 20, 2017 | p. 3

  4. Slide 4: Highlights Q1 2017

    Highlights Q1 2017 Volume growth in Q1 2017 accelerated to support performance increase in HY2 2017 Gross profit increase of 3.5% and earnings for the period increase of 1.3%1 Increase of market share (+ 85,000 TEUs) and stabilisation of margin (GP/TEU CHF 328) Increase of market share (+ 47,000 ton

  5. Slide 5: Overview first quarter 2017 results

    Overview first quarter 2017 results Net turnover Gross profit EBIT in CHF million in CHF million in CHF million + 9.1% + 6.1% (1.8%) 4'373 4'299 1'690 1 217 1'648 213 1'593 209 4'010 (3.7%) + 7.2% + 3.5% 2016 2017 2017 cc 2016 2017 2017 cc 2016 2017 2017 cc 1 includes positive one-off impact from sa

  6. Slide 6: Seafreight

    Seafreight Strong volume growth + 9% Margins stabilised High conversion rate of 28% © Kuehne + Nagel | Analyst Conference | April 20, 2017 | p. 6

  7. Slide 7: Seafreight – Performance of business unit

    Seafreight – Performance of business unit YTD YTD Variance Income statement in CHF million Mar 2016 Mar 2017 2017/2016 Growth Forex 1 Turnover 1'972 2'095 6.2% 6.5% (0.3%) Gross profit 348 337 (3.2%) (2.6%) (0.6%) EBITDA 112 99 (11.6%) (10.7%) (0.9%) EBIT 107 93 (13.1%) (11.2%) (1.9%) EBIT in % of G

  8. Slide 8: Airfreight

    Airfreight Strong volume growth + 16% Stable margins Leading conversion rate of 30% © Kuehne + Nagel | Analyst Conference | April 20, 2017 | p. 8

  9. Slide 9: Airfreight – Performance of business unit

    Airfreight – Performance of business unit Income statement YTD YTD Variance in CHF million Mar 2016 Mar 2017 2017/2016 Growth Forex 1 Turnover 944 1'063 12.6% 13.0% (0.4%) Gross profit 235 241 2.6% 3.5% (0.9%) EBITDA 77 76 (1.3%) (1.3%) -% EBIT 73 72 (1.4%) (1.4%) -% EBIT in % of GP 31.1% 29.9% 1 Fo

  10. Slide 10: Overland

    Overland Strong net turnover growth of + 7% Operational performance doubled © Kuehne + Nagel | Analyst Conference | April 20, 2017 | p. 10

  11. Slide 11: Overland – Performance of business unit

    Overland – Performance of business unit Income statement YTD YTD Variance in CHF million Mar 2016 Mar 2017 2017/2016 Growth Forex 1 Net turnover 695 730 5.0% 6.7% (1.7%) Gross profit 220 226 2.7% 5.0% (2.3%) EBITDA 15 17 13.3% 26.6% (13.3%) EBIT 4 7 75.0% 100.0% (25.0%) EBITDA / Net turnover margin

  12. Slide 12: Contract Logistics

    Contract Logistics Scaling of industry-specific solutions leads to EBIT growth of + 15% © Kuehne + Nagel | Analyst Conference | April 20, 2017 | p. 12

  13. Slide 13: Contract Logistics – Performance of business unit

    Contract Logistics – Performance of business unit Income statement YTD YTD Variance 1 in CHF million Mar 2016 Mar 2017 2016/2017 Growth Forex 2 Net turnover 1'080 1'115 3.2% 7.1% (3.9%) Gross profit 790 844 6.8% 11.0% (4.2%) EBITDA 55 65 18.2% 21.8% (3.6%) EBIT 33 37 12.1% 15.1% (3.0%) EBITDA / Net

  14. Slide 14: Overview first quarter 2017 results Financial review Appendices

    Overview first quarter 2017 results Financial review Appendices © Kuehne + Nagel | Analyst Conference | April 20, 2017 | p. 14

  15. Slide 15: Income statement

    Income statement 2016 2016 2016 2016 YTD 2017 Variance Variance in % CHF million Q1 1 Q1 Q2 Q3 Q4 2016 Q1 2017/2016 Growth Forex 2 2017/2016 Net turnover 4'010 4'137 4'100 4'278 16'525 4'299 289 7.2% 9.0% (1.8%) Gross profit 1'593 1'664 1'643 1'650 6'550 1'648 55 3.5% 6.1% (2.6%) Gross profit margin

  16. Slide 16: Financial overview

    Financial overview CHF million YTD Mar YTD Mar ROCE 2016 2017 72% Net turnover 4'010 4'299 69.9% 69.7% * 70.4% 69.4% Gross profit 1'593 1'648 70% 68.8% 68.9% 68.2% 68.0% EBITDA 259 257 68% EBIT 217 209 66% EBIT margin to net turnover 5.4% 4.9% 63.9% Net earnings for the period 168 164 64% EPS (basic

  17. Slide 17: Balance sheet

    Balance sheet CHF million 31 December 31 March 31 December 31 March 2016 2017 2016 2017 Assets Liabilities and equity Property, plant and equipment 1'127 1'126 Equity attributable to the equity 2'160 2'290 holders of the parent company Goodwill 758 744 Other intangibles 82 77 Non-controlling interes

  18. Slide 18: Cash flow

    Cash flow CHF million 2016 2017 Variance Operational cash flow 256 262 6 Changes in working capital (80) (241) (161) Income taxes paid (72) (43) 29 Cash flow from operating activities 104 (22) (126) Cash flow from investing activities (21) 18 39 Cash flow from financing activities (4) (5) (1) Exchan

  19. Slide 19: Working capital development

    Working capital development Better/(worse) March March CHF million March 2017 vs. 2016 2017 March 2016 Trade receivables & Work in progress 2'755 3'122 (367) Trade payables & Accrued trade expenses (2'142) (2'333) 191 Net working capital 613 789 (176) KPIs: Working capital intensity 3.2% 3.8% (0.6%)

  20. Slide 20: Appendices

    © Kuehne + Nagel | Analyst Conference | April 20, 2017 | p. 20

  21. Slide 21: Upcoming events

    Upcoming events May 9, 2017 Annual General Meeting May 15, 2017 Dividend payment for 2016 July 18, 2017 Half-year 2017 results September 20, 2017 Capital Markets Day October 16, 2017 Nine-months 2017 results February 28, 2018 Full-year 2017 results © Kuehne + Nagel | Analyst Conference | April 20, 2

  22. Slide 22: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 2017 / 2016 2017 / 2016 2017 2016 Change in CHF million Change in % mCHF Q1 Q1 Q1 Q1 1. Seafreight A) Income Statement Turnover 2'095 1'972 +6.2 123 Net Turnover 1'546 1'430 +8.1 116 Gross Profit 337 348 (3.2) (11) Opex (238) (236) (0.8) (2) EBITDA 99 112 (11.6) (13) D

  23. Slide 23: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 2017 / 2016 2017 / 2016 2017 2016 Change in Change in CHF million % mCHF Q1 Q1 Q1 Q1 3. Overland A) Income Statement Turnover 794 749 +6.0 45 Net Turnover 730 695 +5.0 35 Gross Profit 226 220 +2.7 6 Opex (209) (205) (2.0) (4) EBITDA 17 15 +13.3 2 Depreciation and Amort

  24. Slide 24: Quarter over quarter 2017/2016

    Quarter over quarter 2017/2016 2017 / 2016 2017 / 2016 CHF million 2017 2016 Change in Change in % mCHF Q1 Q1 Q1 Q1 5. Kuehne + Nagel Group A) Income Statement Turnover 5'185 4'865 +6.6 320 Customs duties and taxes (886) (855) (3.6) (31) Net Turnover 4'299 4'010 +7.2 289 Net expenses for services fr

  25. Slide 25: Contact

    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

Kuehne + Nagel International — Q1 2017 Earnings Presentation on 6ix