C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q1 2014 Earnings Presentation
14 slides from C.h. Robinson Worldwide's earnings presentation, Apr 29, 2014
Slide 1: Earnings Conference Call – First Quarter 2014
Exhibit 99.2 Earnings Conference Call – First Quarter 2014 April 30, 2014 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: Q1 2014 Results
Q1 2014 Results in thousands, except per share amounts Three months ended March 31 2014 2013 % Change Total revenues $3,142,585 $2,994,267 5.0% Total net revenues $457,235 $455,722 0.3% Income from operations $156,971 $168,706 -7.0% Net income $93,187 $103,343 -9.8% Earnings per share (diluted) $0.6
Slide 4: Summarized Income Statement
Summarized Income Statement in thousands Three months ended March 31 2014 2013 % Change Total revenues $3,142,585 $2,994,267 5.0% Total net revenues $457,235 $455,722 0.3% Personnel expenses 220,297 212,645 3.6% Selling, general & admin 79,967 74,371 7.5% Total operating expenses 300,264 287,016 4.6
Slide 5: Transportation Results Q1 2014
Transportation Results Q1 2014 TRANSPORTATION in thousands Three months ended March 31 2014 2013 % Change Total revenues $2,803,704 $2,603,182 7.7% Total net revenues $427,879 $421,252 1.6% Net revenue margin 15.3% 16.2% -5.7% TRANSPORTATION NET REVENUE MARGIN PERCENTAGE 2003 2004 2005 2006 2007 200
Slide 6: Truckload Results Q1 2014
Truckload Results Q1 2014 Year over year change North America TRUCKLOAD NET REVENUES in thousands Truckload Quarter Three months ended March 31 Volume 3% 2014 2013 % Change Approximate pricing * 10% $269,837 $268,604 0.5% Approximate cost* 12% Net revenue margin *Pricing and cost measures exclude th
Slide 7: LTL Results Q1 2014
LTL Results Q1 2014 Year over year change LTL NET REVENUES in thousands LTL Quarter Three months ended March 31 2014 2013 % Change Volume -2% $60,138 $58,491 2.8% Pricing Net revenue margin • Net revenue growth rate slowed in the first quarter partially as a result of weather • Net revenue margins c
Slide 8: Intermodal Results Q1 2014
Intermodal Results Q1 2014 Year over year change INTERMODAL NET REVENUES in thousands Three months ended March 31 Quarter 2014 2013 % Change Volume -6% $8,940 $9,101 -1.8% Pricing Net revenue margin • Widespread weather events had a significant impact on the first quarter Intermodal results • Net re
Slide 9: Global Forwarding Results Q1 2014
Global Forwarding Results Q1 2014 Ocean, Air and Customs NET REVENUES in thousands Three months ended March 31 2014 2013 % Change Ocean $43,612 $42,488 2.6% Air $17,454 $16,768 4.1% Customs $9,332 $8,606 8.4% Year over year change Year over year change OCEAN Quarter AIR Quarter Volume Volume Pricing
Slide 10: Other Logistics Services Results Q1 2014
Other Logistics Services Results Q1 2014 NET REVENUES in thousands Three months ended March 31 2014 2013 % Change $18,566 $17,194 8.0% • Other Logistics Services net revenues include transportation management services, warehousing and small parcel • These services continued to perform well driven by
Slide 11: Sourcing Results Q1 2014
Sourcing Results Q1 2014 SOURCING in thousands Three months ended March 31 2014 2013 % Change Total revenues $335,808 $387,852 -13.4% Total net revenues $26,846 $31,846 -15.7% Net revenue margin 8.0% 8.2% -2.6% • Continued volume and net revenue decreases from a large customer; impact will continue
Slide 12: Other Financial Information
Other Financial Information in thousands Three months ended March 31 BALANCE SHEET DATA March 31, 2014 CASH FLOW DATA 2014 2013 % Change Cash & investments $142,813 Net cash provided by operating activities - actual $14,440 -$58,050 N/A Current assets $1,823,082 Capital expenditures, net $12,595 $10
Slide 13: A look ahead
A look ahead • Truckload market conditions remain difficult to predict • Our North America Truckload net revenue margins in March and thus far in April 2014 are approximately flat with last year • Our existing headcount is adequate to execute our current growth initiatives • We will continue to moni
Slide 14: C.H. Robinson
@ C.H. ROBINSON CA
C H Robinson Worldwide — Q1 2014 Earnings Presentation on 6ix