Ntg Nordic Transport Group A/s · OMXCOP:NTG
Ntg Nordic Transport Group A/s — FY2023 Earnings Presentation
20 slides from Ntg Nordic Transport Group A/s's earnings presentation, March 2024
Slide 1: FY 2023 Roadshow
FY 2023 Roadshow NTG Nordic Transport Group March 2024
Slide 2: Information
Information This presentation has been prepared for information purposes only. This presentation (i) is Forward-looking statements may include, but are not limited to, projections of revenue, by necessity a summary of more detailed information, (ii) is not intended and should not statements relating
Slide 3: Today's presenters
Today’s presenters MICHAEL LARSEN CHRISTIAN D. JAKOBSEN Group CEO Group CFO 3
Slide 4: Agenda
Highlights Financial review AGENDA Other key figures Outlook and mid-term target Appendix 4
Slide 5: 2023 highlights
Highlights Financial review Other key figures 2023 highlights Outlook & mid-term target Appendix MACROECONOMIC AND CHALLENGING DECLINING FREIGHT ORGANIC GROWTH 2023 GUIDANCE GEOPOLITICAL MARKET DYNAMICS RATES AND VOLUMES DECLINE FOR BOTH ACHIEVED UNCERTAINTY DIVISIONS 5
Slide 6: Financial review: Group (I/II)
Highlights Financial review Other key figures Financial review: Group (I/II) Outlook & mid-term target Appendix Q4 Full year COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ Challenging market Net revenue 2,001 2,496 (19.8)% 8,338 10,224 (18.4)% conditions for both divisions Gross profit 463 518 (10.6)% 1,86
Slide 7: Financial review: Group (II/II)
Highlights Financial review Other key figures Financial review: Group (II/II) Outlook & mid-term target Appendix Gross margin Conversion ratio Operating margin 25% 50% 48.2% 12% 11.7% 24.2% 24% 45% 11% 23.1% 10% 23% 40% 22.8% 36.9% 9% 22% 35% 8.5% 8% 21% 30% 33.5% 7% 7.6% 20% 25% 6% 19% 20% 5% 18% 1
Slide 8: Financial review: Road & Logistics
Highlights Financial review Other key figures Financial review: Road & Logistics Outlook & mid-term target Appendix Q4 Full year COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ Negative organic growth Net revenue 1,530 1,658 (7.7)% 6,212 6,880 (9.7)% driven by reduced spot Gross profit 349 356 (2.0)% 1,386
Slide 9: Financial review: Air & Ocean
Highlights Financial review Other key figures Financial review: Air & Ocean Outlook & mid-term target Appendix Q4 Full year COMMENTS DKKm 2023 2022 ∆ 2023 2022 ∆ ▪ Negative organic growth Net revenue 472 838 (43.7)% 2,126 3,444 (36.4)% driven by declining freight Gross profit 114 162 (29.6)% 480 566
Slide 10: Other key figures
Highlights Financial review Other key figures Other key figures Outlook & mid-term target Appendix Net working capital (DKKm) Adjusted free cash flow1 (DKKm) Net interest-bearing debt2 (DKKm) 361 369 263 243 201 220 45 73 103 28 (51) (73) (165) (140) (209) 30-Sep-23 30-Jun-23 31-Dec-22 31-Dec-23 31-
Slide 11: Full-year outlook 2024
Highlights Financial review Other key figures Full-year outlook 2024 Outlook & mid-term target Appendix DKKm 2023 realised 2024 outlook Adjusted EBIT 630 500 – 580 Key assumptions ▪ The outlook assumes an expected overall flat market environment with soft macroeconomics and continued muted consumer
Slide 12: Medium-term financial target
Highlights Financial review Other key figures Medium-term financial target Outlook & mid-term target Appendix Target DKK 1 billion in adjusted EBIT no later than 2027. Key assumptions ▪ NTG will strive to achieve the medium-term target with organic growth and M&A, financed by the cash flow and credi
Slide 13: Appendix
Appendix 7]
Slide 14: Business model of NTG
Highlights Financial review Other key figures Business model of NTG Outlook & mid-term target Appendix NTG core competencies Contract logistics/ Last mile Shipper Contract logistics cross-docking freight Consignee Freight forwarding ✓ Asset-light business model ✓ Focus on road, air, and ocean freigh
Slide 15: NTG at a glance
Highlights Financial review Other key figures NTG at a glance Outlook & mid-term target Appendix Business segments1 Founded Revenue1 (DKK) Road & 25% 2011 8.3bn Logistics 2023 revenue Employees2 Revenue CAGR 2019-2023 75% Air & Ocean 1,970 12% Road & Logistics Air & Ocean Geographical footprint1 Ope
Slide 16: Five-year overview
Highlights Financial review Other key figures Five-year overview Outlook & mid-term target Appendix Net revenue (DKKm) Adjusted EBIT (DKKm) Adjusted free cash flow (DKKm) 7.4% 7.4% 7.6% 714 10,224 4.9% 8,338 7,302 3.9% 758 630 389 5,332 5,332 542 500-580 314 288 208 261 110 2019 2020 2021 2022 2023
Slide 17: The history of NTG
Highlights Financial review Other key figures The history of NTG Outlook & mid-term target Appendix 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Rapid expansion Country entry # New start-ups 2 2 1 2 5 4 5 2 6 4 - 2 1 EAT DK Nordics ATS Cargo Kettermann TAK Solution HC Schmid
Slide 18: Global network of 61 subsidiaries in 22 countries
Highlights Financial review Other key figures Global network of 61 subsidiaries in 22 countries Outlook & mid-term target Appendix Overview of operational subsidiaries Operational subsidiaries by region 3 2 3 2 1 Northern Europe East Asia 10 27 Western Europe Rest of World 8 3 Eastern Europe North A
Slide 19: Multiple avenues for future growth
Highlights Financial review Other key figures Multiple avenues for future growth Outlook & mid-term target Appendix Acquisitions Accelerate growth by leveraging 3 M&A execution competencies. Establish new Add scale, new product 2 Establish newstart-ups using start-ups offerings, and new geographies.
Slide 20: The
The NTG Nordic Transport Group A/S Investor relations Press Hammerholmen 47 Christian D. Jakobsen Camilla Marcher Lydom DK-2650 Hvidovre Group CFO Investor Relations & Corporate Communication Manager www.ntg.com CVR no. 12546106 +45 4212 8099 +45 4212 8090 ir@ntg.com press@ntg.com
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