C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q4 2015 Earnings Presentation
16 slides from C.h. Robinson Worldwide's earnings presentation, Feb 2, 2016
Slide 1: Earnings Conference Call – Fourth Quarter 2015
Exhibit 99.2 Earnings Conference Call – Fourth Quarter 2015 February 3, 2016 John Wiehoff, Chairman & CEO Andrew Clarke, 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: Results Q4 2015
Results Q4 2015 in thousands, except per share amounts Three months ended December 31 Twelve months ended December 31 2015 2014 % Change 2015 2014 % Change Total revenues $3,210,853 $3,357,202 -4.4% $13,476,084 $13,470,067 0.0% Total net revenues $570,777 $501,816 13.7% $2,268,480 $2,007,652 13.0% I
Slide 4: Transportation Results Q4 2015
Transportation Results Q4 2015 TRANSPORTATION in thousands Three months ended December 31 Twelve months ended December 31 2015 2014 % Change 2015 2014 % Change Total revenues $2,867,301 $3,014,251 -4.9% $11,989,780 $11,936,512 0.4% Total net revenues $543,925 $477,811 13.8% $2,147,509 $1,892,106 13.
Slide 5: Truckload Results Q4 2015
Truckload Results Q4 2015 Year over year change TRUCKLOAD NET REVENUES in thousands North America Three months ended Dec 31 Twelve months ended Dec 31 Truckload Quarter YTD 2015 2014 % Change 2015 2014 % Change Volume 5% 6% $338,892 $298,721 13.4% $1,316,533 $1,190,372 10.6% Approximate pricing* -3%
Slide 6: LTL Results Q4 2015
LTL Results Q4 2015 Year over year change LTL NET REVENUES in thousands Three months ended Dec 31 Twelve months ended Dec 31 LTL Quarter YTD 2015 2014 % Change 2015 2014 % Change $360,706 $258,884 39.3% Volume 36% 32% $89,622 $63,402 41.4% Pricing Net revenue margin • Organic net revenues increased
Slide 7: Intermodal Results Q4 2015
Intermodal Results Q4 2015 Year over year change INTERMODAL NET REVENUES in thousands Three months ended Dec 31 Twelve months ended Dec 31 INTERMODAL Quarter YTD 2015 2014 % Change 2015 2014 % Change Volume -7% 2% $8,835 $10,235 -13.7% $41,054 $40,631 1.0% Pricing Net revenue margin • North America
Slide 8: Global Forwarding Results Q4 2015 Ocean, Air and Customs
Global Forwarding Results Q4 2015 Ocean, Air and Customs NET REVENUES in thousands Three months ended Dec 31 Twelve months ended Dec 31 2015 2014 % Change 2015 2014 % Change Ocean $56,065 $56,944 -1.5% Ocean $223,643 $208,422 7.3% Air $18,613 $19,404 -4.1% Air $79,096 $79,125 0.0% Customs $10,681 $1
Slide 9: Other Logistics Services Results Q4 2015
Other Logistics Services Results Q4 2015 NET REVENUES in thousands Three months ended Dec 31 Twelve months ended Dec 31 2015 2014 % Change 2015 2014 % Change $21,217 $18,281 16.1% $82,548 $73,097 12.9% • Other Logistics Services net revenues include transportation managed services, warehousing and s
Slide 10: Sourcing Results Q4 2015
Sourcing Results Q4 2015 SOURCING NET REVENUES in thousands Three months ended Dec 31 Twelve months ended Dec 31 2015 2014 % Change 2015 2014 % Change Total revenues $343,552 $342,951 0.2% $1,486,304 $1,533,555 -3.1% Total net revenues 26,852 $24,005 11.9% $120,971 $115,546 4.7% Net revenue margin 7
Slide 11: Summarized Income Statement
Summarized Income Statement in thousands Three months ended Dec 31 Twelve months ended Dec 31 2015 2014 % Change 2015 2014 % Change Total revenues $3,210,853 $3,357,202 -4.4% $13,476,084 $13,470,067 0.0% Total net revenues 570,777 501,816 13.7% 2,268,480 2,007,652 13.0% Personnel expenses 268,190 23
Slide 12: Other Financial Information
Other Financial Information in thousands Three months ended Dec 31 Twelve months ended Dec 31 CASH FLOW DATA 2015 2014 % Change 2015 2014 % Change Net cash provided by operating activities $253,893 $208,104 22.0% $718,336 $513,426 39.9% Capital expenditures, net $11,831 $4,366 171.0% $44,642 $29,502
Slide 13: Capital Distribution
Capital Distribution in thousands 2010 2011 2012 (a) 2013 2014 Q4 2015 YTD 2015 Net income $387,026 $431,612 $447,007 $415,904 $449,711 $126,583 $509,699 Capital distribution Cash dividends paid $168,902 $194,697 $219,313 $220,257 $215,008 $64,167 $235,615 Share repurchases 157,381 250,274 255,849 8
Slide 14: A look ahead
A look ahead • January total company net revenue growth rate is consistent with the organic (CHRW without Freightquote) fourth quarter 2015 growth rate. • We are focused on taking share, profitably • Global Forwarding Success • Demand for integrated, global services is growing • Leading with talent,
Slide 15: Appendix A: 2012 Summarized Adjusted Income Statement
Appendix A: 2012 Summarized Adjusted Income Statement In thousands, except per share amounts Twelve months ended December 31, 2012 Non-recurring Non-recurring 2012 Actual Adjusted Acquisition Impacts Divestiture Impacts Total net revenues $1,717,571 $1,717,571 Personnel expenses (1) 766,006 -385 -34
Slide 16: C.H. Robinson
3) C.H. ROBINSON CA
C H Robinson Worldwide — Q4 2015 Earnings Presentation on 6ix