Hamburger Hafen Und Logistik Ag · XETR:HHFA
Hamburger Hafen Und Logistik — FY2019 Earnings Presentation
17 slides from Hamburger Hafen Und Logistik's earnings presentation, Mar 25, 2020
Slide 1: Investor presentation on the 2019 full year results
Investor presentation on the 2019 full year results Hamburg, 25 March 2020 © Hamburger Hafen und Logistik AG
Slide 2: Contents and Disclaimer
Contents 01 Business development 2019 Disclaimer The facts and information contained herein are as up to date as is reasonably possible and are subject to revision in the future. Neither the Company nor any of its parent or subsidiary undertakings nor any of such person’s directors, officers, employ
Slide 3: Summary of major achievements in 2019
Summary of major achievements in 2019 Performance confirms strategy HHLA with significant increase in revenue and operating result fully in line with guidance for the 2019 financial year in an increasingly volatile market environment Ongoing investments in core business, especially in strongly growi
Slide 4: Business environment 2019
Business environment 2019 World economy on a sound level but with loss of momentum GDP World + 2.9 % Macroeconomic environment 2019 Global economic growth slightly weaker in 2019 than in the previous year GDP China + 6.1 % China has just reached its 6.0% to 6.5% growth target, growing at its slo
Slide 5: Financial highlights 2019 of Port Logistics subgroup
Financial highlights 2019 of Port Logistics subgroup Revenue EBIT EBIT margin € 1,350.0 million € 204.4 million 15.1 % + 7.3 % + 8.5 %* + 0.1 pp Profit after tax ROCE Operating cash flow and minorities 11.1 % € 303.0 million € 93.6 million - 4.4 pp + 41.1 % - 9.0 % * Mainly due to first time applica
Slide 6: Throughput and transport development 2019
Throughput and transport development 2019 Successful development despite an increasingly volatile market environment Container throughput in thousand TEU Container transport in thousand TEU +3.3% +5.7% 7,336 7,577 1,480 1,565 5,730 1,184 3,770 782 1,865 398 2018 3M19 6M19 9M19 2019 2018 3M19 6M19 9M
Slide 7: Container segment
Container segment Positive revenue trend dampened by rise in opex; EBIT improvement mainly attributable to IFRS 16 effects Revenue ■ 2018 ■ 2019 OpEx ■ 2018 ■ 2019 Revenue grew faster than volume +5.4% +5.0% Average revenue per TEU up 2.0 % mainly 799.7 658.4 due to further rise in share of rail
Slide 8: Intermodal segment
Intermodal segment Superior EBIT level further expanded, margin improved, IFRS 16 with negligible effect Revenue OpEx Revenue growth clearly exceeded in € million in € million transport volume development +12.3% +12.5% Strong EBIT increase due to 486.9 387.7 433.8 344.7 rise in volumes with a
Slide 9: Logistics segment
Logistics segment Positive development continues Revenue EBIT Slight decrease in revenue, mainly due to in € million in € million a significant decline in vehicle logistics, -1.4% -55.1% which benefited from temporary additional 59.8 59.0 5.6 business in the fourth quarter of 2018 EBIT impacted
Slide 10: Earnings bridge of the Port Logistics subgroup
Earnings bridge of the Port Logistics subgroup Dividend proposal Net profit showed a stable development € 0.70 per class A share in € million / absolute change vs. 2018 204.4 4.5 EPS € 1.34 - 0.9 34.0 2.5 - 13.2 45.0 + 7.6 Adjusted interest expenses due to a profit transfer agreement and - 3.6 econo
Slide 11: Financial stability
Financial stability Focus on profitability and shareholder participation Equity development / Equity ratio Ø Capital employed / ROCE Profit after tax and minorities / EPS in € million in € million Capital employed in € million / in € Right of use 542.5 555.8 564.5 528.7 525.6 102.9 1.850,0 93.6
Slide 12: Outlook 2020
Outlook 2020 Highly volatile macroeconomic environment Expected macroeconomic development by OECD Expected macroeconomic development by IMF Expected throughput development by Drewry Estimates include consequences of corona epidemic Estimates do not include consequences of corona epidemic Estimates d
Slide 13: Outlook 2020: Port Logistics subgroup
Outlook 2020 Port Logistics subgroup 2019 Guidance 2020 Container throughput 7,577 thousand TEU Strong decrease on previous year Container transport 1,565 thousand TEU Strong decrease on previous year Revenues € 1,350.0 million Strong decline on previous year EBIT € 204.4 million Strong decline on p
Slide 14: Appendix
Appendix IFRS 16 25.03.2020 Investor presentation on the 2019 financial year results © Hamburger Hafen und Logistik AG 14
Slide 15: IFRS 16: Effects on EBIT development
Effects on EBIT development due to first-time application of IFRS 16 Port Logistics and segment level Port Logistics subgroup: EBIT & EBIT margin Container segment: EBIT & EBIT margin Intermodal segment: EBIT & EBIT margin in € million in € million in € million +1.4 % +8.5 % -1.0 % +7.4 % +10.5 % +1
Slide 16: Effects on balance sheets due to IFRS 16 and current equity
Effects on balance sheets due to first-time application of IFRS 16 and current equity trend at Group level Assets in € million 2,544.1 2,610.0 + 571.2 mainly due to 1,972.9 rights of use 2,018.1 2,124.4 Non-current assets 1,446.9 Current assets 526.0 526.0 485.7 31.12.2018 01.01.2019 31.12.2019 Equi
Slide 17: Financial calendar / IR contact
Financial calendar / IR contact Financial calendar 2019 IR contact Phone: +49 40 3088 3397 25 March 2020 Annual Report 2019 Fax: +49 40 3088 55 3397 Analyst conference call E-mail: investor-relations@hhla.de 12 May 2020 Web: www.hhla.de Interim Statement January – March 2020 Analyst conference call
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