Hamburger Hafen Und Logistik Ag · XETR:HHFA

Hamburger Hafen Und Logistik — H1 2020 Earnings Presentation

16 slides from Hamburger Hafen Und Logistik's earnings presentation, Aug 12, 2020

1. Slide 1: Analyst conference call on the interim results January to June 2020

   Analyst conference call on the interim results January to June 2020 Hamburg, 12 August 2020 © Hamburger Hafen und Logistik AG

2. Slide 2: Agenda and Disclaimer

   Agenda 01 The historical shut-down in 2Q20 Disclaimer Angela Titzrath, CEO 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 d

3. Slide 3: Economic and social life largely shut down in Q2 2020

   Economic and social life largely shut down in Q2 2020 Effects on the economy of historic dimension Pandemic Economy – GDP Germany and USA Source: Johns Hopkins University Sources: Destatis and Statista 12 August 2020 Analyst conference call on the interim results January to June 2020 © Hamburger Haf

4. Slide 4: At a glance

   At a glance Challenging market environment highly affects the first half-year results 2020 Revenue declined sharply while EBIT fell by half Market environment was hit hard by the impact of the coronavirus pandemic in Q2 High pressure on transport systems due to blank sailings and reduced utilisation

5. Slide 5: Business environment in the first half-year 2020

   Business environment in the first half-year 2020 Global economy facing recession as a result of the coronavirus pandemic Trend in the first half-year 2020 Macroeconomic environment  Global economic activity fell dramatically in H1 20 as a result of the coronavirus pandemic GDP World   IMF expects

6. Slide 6: Financial results of Port Logistics subgroup in the first half-year 2020

   Financial results of Port Logistics subgroup in the first half-year 2020 Revenue EBIT EBIT margin € 614.2 million € 49.1 million 8.0 % ‒ 9.3 % ‒ 53.5 % ‒ 7.6 pp Profit after tax ROCE Operating cash flow and minorities 5.2 % € 150.0 million € 10.7 million ‒ 6.3 pp ‒ 8.3 % ‒ 78.6 % 12 August 2020 Anal

7. Slide 7: Throughput and transport development in the first half of 2020

   Throughput and transport development in the first half of 2020 Performance data burdened by impact of coronavirus pandemic Container throughput Container transport in thousand TEU in thousand TEU -11.3% -8.2% 3,770 3,807 3,345 782 783 718 1H19 2H19 1H20 1H19 2H19 1H20  Hamburg terminals with sharp

8. Slide 8: Container segment

   Container segment Drop in volumes led to falling revenue, EBIT impacted by a disproportionate fall in opex Revenue ■ 1H19 ■ 1H20 OpEx ■ 1H19 ■ 1H20  Revenue significantly down as a result of -1.0% lower volumes -9.6% 401.7 329.9 326.5  Average revenue per TEU up 1.9 % due to 363.4 − advantageous m

9. Slide 9: Intermodal segment

   Intermodal segment EBIT affected by lower volumes and utilisation of the train systems, EBIT margin still at a sound level Revenue OpEx  Decrease in revenue 0.3 pp stronger than in € million in € million decline in transport volume -8.5% -2.4%  Despite a slight increase in rail share in 244.1 223.

10. Slide 10: Logistics segment

    Logistics segment Vehicle logistics, consulting activities, digital projects and participations Revenue EBIT  Revenue strongly down against previous in € million in € million year impacted by -12.9% Neg. ‒ strong drop in vehicle logistics 29.7 1.7 25.9 ‒ consulting activities slightly below previou

11. Slide 11: Earnings bridge of the Port Logistics subgroup

    Earnings bridge of the Port Logistics subgroup Net profit showed a stable development in € million / absolute change vs. 1H19 - 1.7 - 0.8 49.1 0.7 EPS € 0.15 17.0 12.1 10.1 - 6.2 12.0 10.7 ‒53.5 % Effective tax rate ‒ 78.6 % at 30.7% EBIT At-equity Net financial Tax Minorities Net profit earnings ex

12. Slide 12: Cash flow development of the Port Logistics subgroup

    Cash flow development of the Port Logistics subgroup In line with business development Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities in € million in € million in € million -8.3% -17.7% -73.0% 163.6 150.0 -32.0 -72.3 -87.8 -118.5 1H19 1H20

13. Slide 13: Financial stability with focus on cash flows

    Financial stability with focus on cash flows Net debt Port Logistics  Dividend policy to strengthen financial in € million stability: 1,395.0 Available 1,350.2 ‒ reduction of dividend proposal to liquidity € 276.8 m 0.70 € per listed class A share 496.3 (previous year: 0.80 €) 512.1 ‒ pay-out ratio

14. Slide 14: Expected business environment 2020

    Expected business environment 2020 Updated forecasts factor in a larger hit to activity in H1 and a slower path of recovery in H2 than expected in spring GDP World ‒ 4.9 % Expected macroeconomic environment 2020 Baseline scenario: against the backdrop of the unexpectedly strong economic impact, GDP

15. Slide 15: Forecast for Port Logistics subgroup 2020 unchanged

    Forecast for Port Logistics subgroup 2020 unchanged Still very high degree of uncertainty 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 Revenue € 1,350.0 million Strong decline on pr

16. Slide 16: Financial calendar / IR contact

    Financial calendar / IR contact Financial calendar 2020 IR contact Phone: +49 40 3088 3100 25 March 2020 Annual Report 2019 Fax: +49 40 3088 55 3100 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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