C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q2 2016 Earnings Presentation
17 slides from C.h. Robinson Worldwide's earnings presentation, Jul 26, 2016
Slide 1: Earnings Conference Call – Second Quarter 2016
Earnings Conference Call – Second Quarter 2016 July 27, 2016 John Wiehoff, Chairman & CEO Andrew Clarke, CFO Tim Gagnon, Director, Investor Relations Exhibit 99.2
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 Q2 2016
Results Q2 2016 Three months ended June 30 in thousands, except per share amounts Net revenue growth per business day slowed throughout the second quarter April +9%, May +0%, June -3% CHRW network performed well adapting to the market conditions Volume growth in nearly all services Net income growth
Slide 4: Transportation
Transportation Results Q2 2016 Net revenue margin expansion in the second quarter of 2016, compared to 2015 was the result of the following factors: Lower transportation costs, including fuel. Change in mix of services and faster growth in shorter length of haul freight. Increased over 200,000 globa
Slide 5: North America Truckload Cost and Price Change, Transportation Net Revenue Margin
North America Truckload Cost and Price Change(1), Transportation Net Revenue Margin Supply and demand affect truckload pricing from quarter to quarter Average YoY price and cost increase is 2% since 2008 (1) Cost and price change exclude the estimated impact of fuel.
Slide 6: Truckload
Truckload Results Q2 2016 2016 2015 % Change $329,740 $334,546 -1.4% Three months ended June 30 TRUCKLOAD NET REVENUES in thousands North America Truckload Year over year change *Pricing and cost measures exclude the estimated impact of the change in fuel prices Truckload volume growth per business
Slide 7: LTL
LTL Results Q2 2016 2016 2015 % Change $99,778 $91,524 9.0% Three months ended June 30 LTL NET REVENUES in thousands LTL Year over year change Less than Truckload net revenue growth of 9 percent, primarily driven by volume growth Temperature controlled LTL services achieved approximately 60 percent
Slide 8: Intermodal
Intermodal Results Q2 2016 Volume declines occurred in the transactional intermodal business. Intermodal opportunities were negatively impacted by the lower cost truck market. 2016 2015 % Change $9,021 $11,539 -21.8% Three months ended June 30 INTERMODAL NET REVENUES in thousands Year over year chan
Slide 9: Global Forwarding: Ocean, Air and Customs
Global Forwarding Results Q2 2016 Ocean, Air and Customs 2016 2015 % Change Ocean $60,068 $59,066 1.7% Air $20,118 $19,596 2.7% Customs $11,605 $10,973 5.8% Three months ended June 30 NET REVENUES in thousands Quarter Volume Pricing Net revenue margin OCEAN Quarter Volume Pricing Net revenue margin
Slide 10: Other Logistics Services
Other Logistics Services Results Q2 2016 Other Logistics Services net revenues include transportation managed services, warehousing, and small parcel. Managed services net revenues increased approximately 30 percent in the second quarter when compared to second quarter of 2015. Over $3 billion run r
Slide 11: Sourcing
Sourcing Results Q2 2016 Sourcing net revenue increase was primarily the result of 3% case volume growth and an increase in net revenue per case. Net revenue margin increased as a result of a change in the mix of services and commodities in the second quarter when compared to the second quarter of 2
Slide 12: Summarized Income Statement
in thousands Summarized Income Statement Personnel expense increase was primarily driven by average headcount growth of 5.2 percent and partially offset by lower variable compensation incentives. Selling, general and administrative expenses decreased due to lower provision for bad debt, partially of
Slide 13: Other Financial Information
Three months ended June 30 June 30, 2016 Cash & investments $207,083 Current assets $1,879,102 Total assets $3,349,070 Debt $965,000 Stockholders investment $1,262,840 CASH FLOW DATA BALANCE SHEET DATA Other Financial Information in thousands Strong cash flow quarter Total debt balance $965 million
Slide 14: Capital Distribution
Capital Distribution in thousands Capital returned to shareholders during the quarter $63.6 million cash dividend $24.0 million in cash for repurchase activity 286,575 shares Average price $73.28 for shares repurchased Target is to return approximately 90% of net income to shareholders annually. 201
Slide 15: Final Comments
Final Comments North America truckload volume growth of approximately 7 percent per business day, July to date. July to date total company net revenue per day has decreased approximately 2 percent when compared to July 2015. Second half comparable is challenging. Focused on profitable growth and con
Slide 16: 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 The adjustment to personnel consists of $33 million of incremental vesting expense of our equity awards triggered by the gain on the divestiture of T-Chek. The balance c
Slide 17: C.H. Robinson
@ C.H. ROBINSON
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