C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q3 2013 Earnings Presentation
19 slides from C.h. Robinson Worldwide's earnings presentation, Nov 5, 2013
Slide 1: Earnings Conference Call – Third Quarter 2013
Exhibit 99.2 Earnings Conference Call – Third Quarter 2013 November 6, 2013 John Wiehoff, Chairman & CEO Chad Lindbloom, CFO Tim Gagnon, Director, Investor Relations
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for the historical information contained herein, the matters set forth in this presentation and the accompanying earnings release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-loo
Slide 3: Q3 2013 Results
Q3 2013 Results In thousands, except per share amounts Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change Total revenues $3,316,665 $2,880,409 15.1% $9,599,194 $8,388,237 14.4% Total net revenues $463,306 $432,670 7.1% $1,391,630 $1,272,939 9.3% Inco
Slide 4: Q3 2013 Actual Compared to Q3 2012 Pro Forma
Q3 2013 Actual Compared to Q3 2012 Pro Forma In thousands Three months ended September 30 2012 T-Chek Phoenix 2012 Pro % Change 2013 Actual Actual Operations Operations Forma Pro Forma Total revenues $3,316,665 $2,880,409 -$13,204 $216,219 $3,083,424 7.6% Total net revenues $463,306 $432,670 -$13,20
Slide 5: Transportation Results Q3 2013
Transportation Results Q3 2013 TRANSPORTATION in thousands Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change Total revenues $2,880,901 $2,445,883 17.8% $8,302,160 $7,099,485 16.9% Total net revenues $429,978 $382,774 12.3% $1,282,375 $1,118,996 14.6
Slide 6: Truckload Results Q3 2013
Truckload Results Q3 2013 TRUCKLOAD NET REVENUES in thousands Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change $265,509 $269,097 -1.3% $798,448 $788,872 1.2% Year over year change Year to TRUCKLOAD Quarter Date Volume 13% 10% Pricing * 2% 1% Net re
Slide 7: LTL Results Q3 2013
LTL Results Q3 2013 LTL NET REVENUES in thousands Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change $61,436 $58,863 4.4% $180,638 $167,135 8.1% Year over year change LTL Quarter Year to Date Volume 5% 8% Pricing Net revenue margin • Net revenue grow
Slide 8: Intermodal Results Q3 2013
Intermodal Results Q3 2013 INTERMODAL NET REVENUES in thousands Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change $10,202 $10,074 1.3% $29,223 $29,804 -1.9% Year over year change Year to Quarter Date Volume Pricing Net revenue margin • Net revenues
Slide 9: Global Forwarding Results Q3 2013 Ocean, Air and Customs
Global Forwarding Results Q3 2013 Ocean, Air and Customs NET REVENUES in thousands Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change Ocean $49,692 $18,498 168.6% $141,304 $51,217 175.9% Air $18,137 $9,046 100.5% $55,107 $28,496 93.4% Customs $8,932
Slide 10: Phoenix Integration Update
Phoenix Integration Update In thousands OCEAN, AIR, AND CUSTOMS NET REVENUE Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change Actual C.H. Robinson $76,761 $31,653 142.5% $223,718 $91,156 145.4% net revenue Phoenix net revenue * $42,323 $125,243 Tota
Slide 11: Other Logistics Services Results Q3 2013
Other Logistics Services Results Q3 2013 NET REVENUES in thousands Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change $16,070 $13,087 22.8% $50,348 $42,029 19.8% • Other Logistics Services net revenues include transportation management services, ware
Slide 12: Sourcing Results Q3 2013
Sourcing Results Q3 2013 SOURCING in thousands Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change Total revenues $432,373 $418,377 3.3% $1,287,036 $1,240,704 3.7% Total net revenues $30,553 $33,747 -9.5% $101,151 $105,895 -4.5% Net revenue margin 7.1
Slide 13: Other Financial Information
Other Financial Information In thousands, except share and per share amounts CASH FLOW DATA Three months ended September 30 Nine months ended September 30 2013 2012 % Change 2013 2012 % Change Net cash provided by operating $124,658 $157,128 -20.7% $182,929 $267,156 -31.5% activities Capital expendi
Slide 14: Repurchases of Common Stock
Repurchases of Common Stock in thousands except per share Q3 2013 YTD through Sept. 30, 2013 ASR Other Activity Total ASR Other Activity Total Shares 6,119 1,219 7,338 6,119 3,671 9,790 Average price per share $59.24 $59.80 Total cost of shares $72,198 $219,556 • Year to date total includes the shar
Slide 15: A look ahead
A look ahead • The truckload environment remains challenging and it will be difficult to grow our earnings in the fourth quarter of 2013 • We will continue to invest in our business, including our focus on; • Market Share Gains • Global Forwarding network • European Network • Management Services • S
Slide 16: Appendix A: Q3 2012 Actual to Pro Forma Reconciliation
Appendix A: Q3 2012 Actual to Pro Forma Reconciliation In thousands Three months ended September 30 1. Adjustments have been made to historical Phoenix operations for addition of amortization expense of finite- lived intangible assets recorded in connection with the acquisition ($4.1 million), rent
Slide 17: Appendix B: Nine Month 2013 Actual Compared to Nine Month 2012 Pro Forma
Appendix B: Nine Month 2013 Actual Compared to Nine Month 2012 Pro Forma In thousands Nine months ended September 30 2012 T-Chek Phoenix 2012 Pro % Change 2013 Actual Actual Operations Operations Forma Pro Forma Total net revenues $1,391,630 $1,272,939 -$39,333 $125,243 $1,358,849 2.4% Personnel exp
Slide 18: Appendix C: Nine Month 2012 Actual to Pro Forma Reconciliation
Appendix C: Nine Month 2012 Actual to Pro Forma Reconciliation In thousands Nine months ended September 30 1. Adjustments have been made to historical Phoenix operations for addition of amortization expense of finite-lived intangible assets recorded in connection with the acquisition ($12.2 million)
Slide 19: C.H. Robinson
3) C.H. ROBINSON
C H Robinson Worldwide — Q3 2013 Earnings Presentation on 6ix