Kuehne & Nagel International Ag · SIX:KNIN

Kuehne & Nagel International — Kuehne + Nagel International — FY2022 Earnings Presentation

21 slides from Kuehne & Nagel International's earnings presentation, Mar 1, 2023

  1. Slide 1: Analyst conference Full-year 2022 results

    Analyst conference Full-year 2022 results Stefan Paul, CEO Markus Blanka-Graff, CFO Kuehne + Nagel International AG March 1, 2023

  2. Slide 2: Full-year results: Highlights

    Full-year results: Highlights Kuehne+Nagel with extraordinary results in 2022 Growth Profit Cash ▪ Net turnover of CHF 39.4 billion ▪ EBIT of CHF 3.8 billion vs. CHF ▪ Free Cash Flow of CHF 3.8 billion vs. CHF 32.8 billion in 2021 2.9 billion in 2021 vs. CHF 1.8 billion in 2021 + 20% increase + 28%

  3. Slide 3: Sea Logistics: Yield trend in line with normalisation

    Sea Logistics Yield trend in line with normalisation TEU ‘000 GP/TEU in CHF EBIT/TEU in CHF ▪ Unprecedented rate hikes squeezed out lower yielding cargo, which impacted Kuehne+Nagel’s volumes 929 869 593 527 764 732 443 negatively 1,182 615 1,114 1,135 1,089 1,048 277 285 ▪ Sequentially, GP/TEU deve

  4. Slide 4: Air Logistics: Resilient yield with soft landing

    Air Logistics Resilient yield with soft landing Tons ‘000 GP/100 kg in CHF EBIT/100 kg in CHF ▪ Weakening demand and pricing 100 volatility after a pandemic-related 81 volumes decline 153 74 70 ▪ Pressure on EBIT partially mitigated 142 140 120 130 648 59 118 48 574 570 543 2014 - 2019 avg. GP/100 k

  5. Slide 5: Road Logistics: High utilisation and digital solutions

    Road Logistics High utilisation and digital solutions ▪ Stable volume development and high In CHF million Q4 2022 Q4 2021 Variance FY 2022 FY 2021 Variance network utilisation Net turnover 981 958 +2% 3,997 3,689 +8% ▪ European market flat in 2022 due to geopolitical and macroeconomic Gross profit 3

  6. Slide 6: Contract Logistics: Strong performance

    Contract Logistics Strong performance ▪ Profits lifted by healthcare and In CHF million Q4 2022 Q4 2021 Variance FY 2022 FY 2021 Variance e-commerce Net turnover 1,302 1,210 +8% 4,933 4,596 +7% ▪ Continuous focus on high value creation for selected verticals Gross profit 860 859 - 3,331 3,333 - ▪ Lo

  7. Slide 7: Financial KPIs

    Financial KPIs Analyst conference full-year 2022 results | © Kuehne+Nagel Group | 7

  8. Slide 8: Income Statement: Quarter over quarter comparison

    Income Statement Quarter over quarter comparison CHF million 2021 2021 2022 2022 Variance YTD Variance in % ▪ Significant translation impact due Acquisition/ Q4 YTD Q4 YTD 1 2022/2021 Q4 2022/2021 Growth disposal Forex to EUR decline (7.0)% and USD Net turnover 10,960 32,801 8,795 39,398 6,597 (2,16

  9. Slide 9: Working Capital: Focus on DSO – DPO spread

    Working Capital Focus on DSO – DPO spread December 31, December 31, Better/(worse) CHF million 2021 2022 2022 vs. 2021 Trade receivables/contract assets 7,235 6,027 1,208 Trade payables/accrued trade expenses/contract liabilities* (5,417) (4,987) (430) Net working capital 1,818 1,040 778 KPIs: Worki

  10. Slide 10: Cash and Free Cash Flow: Strong cash conversion

    Cash and Free Cash Flow Strong cash conversion In CHF million 4 YTD YTD 3,751 CHF million Variance 2021 2022 3 Cash and cash equivalents January 1, net 1,713 2,300 587 FCF 2020 FCF 2021 3 Cash flow from operating activities 2,462 4,404 1,942 2,629 FCF 2022 Cash flow from investing activities (1,080)

  11. Slide 11: Dividend proposal CHF 14.00 per share

    Dividend proposal CHF 14.00 per share 2018 2019 2020 2021 2022 Share price in CHF on 31.12. 126.35 163.20 200.80 294.40 215.20 Registered shares 120,000 120,000 120,000 120,754 120,754 Market capitalisation in CHF million on 31.12. 15,162 19,584 24,096 35,550 25,986 Dividend per share paid in CHF 1

  12. Slide 12: Review of strategy 2017 - 2022

    Review of strategy 2017 - 2022 “Leading the transformation” successfully implemented Strong organic etouch Digitisation growth Created substantial GP Focus on cost leadership Digitalisation as game growth in commodity and value changer for productivity creation in service improvements business conti

  13. Slide 13: Inspire. Empower. Deliver.

    Inspire. Empower. Deliver. © 2023 Kuehne+Nagel. All rights reserved.

  14. Slide 14: Upcoming events

    Upcoming events 06.04. - 25.04.2023 Closed period 25.04.2023 Three-months results 2023 09.05.2023 Annual General Meeting 06.07. - 25.07.2023 Closed period 25.07.2023 Six-months results 2023 05.10. - 25.10.2023 Closed period 25.10.2023 Nine-months 2023 results 02.01. - 28.02.2024 Closed period 28.02.

  15. Slide 15: Balance Sheet: Building on the strong foundation

    Balance Sheet Building on the strong foundation December 31, December 31, December 31, December 31, CHF million 2021 2022 2021 2022 Assets Equity and Liabilities Equity attributable to the equity holders 3,204 4,140 Property, plant and equipment 766 739 of the parent company Right-of-use assets 1,40

  16. Slide 16: ROCE

    ROCE 260% 259% 251% 194% 161% 125% 104% 93% Calculation: last four quarters EBIT (rolling EBIT) divided by the average of the last four quarters capital employed (rolling 71% capital employed); capital employed: assets and liabilities excluding investments in joint ventures and associates, deferred

  17. Slide 17: Quarter-over-quarter 2022/2021 Sea and Air Logistics

    Quarter-over-quarter 2022/2021 Sea and Air Logistics 2022 2021 Change in % Change in mCHF CHF million Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Sea Logistics Income Statement Turnover 5,363 5,457 5,433 4,355 20,608 2,878 3,311 4,405 5,068 15,662 +86.3 +64.8 +23.3 (14.1)

  18. Slide 18: Quarter-over-quarter 2022/2021 Road and Contract Logistics

    Quarter-over-quarter 2022/2021 Road and Contract Logistics 2022 2021 Change in % Change in mCHF CHF million Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Road Logistics Income Statement Turnover 1,124 1,196 1,144 1,130 4,594 1,009 1,134 1,121 1,126 4,390 +11.4 +5.5 +2.1 +0.

  19. Slide 19: Quarter-over-quarter 2022/2021 Kuehne+Nagel Group

    Quarter-over-quarter 2022/2021 Kuehne+Nagel Group 2022 2021 Change in % Change in mCHF CHF million Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Kuehne+Nagel Group Income Statement Turnover 11,090 11,379 10,891 9,674 43,034 6,933 8,212 9,594 11,960 36,699 +60.0 +38.6 +13.5

  20. Slide 20: Disclaimer: Forward-looking statements

    Disclaimer Forward-looking statements Investing in the shares of Kuehne + Nagel International AG involves risks. Prospective investors are strongly requested to consult their investment advisors and tax advisors prior to investing in shares of Kuehne + Nagel International AG. This document contains

  21. Slide 21: Contacts

    Contacts Markus Blanka-Graff CFO markus.blanka@kuehne-nagel.com Tel: +41 (0)44 7869 644 Christopher Combé Head of Investor Relations christopher.combe@kuehne-nagel.com Tel: +41 (0)44 7869 693 Andrea Kobi Investor Relations andrea.kobi@kuehne-nagel.com Tel: +41 (0)44 7869 561 Analyst conference full-

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