Radiant Logistics, Inc. · AMEX:RLGT
Radiant Logistics — Singular Research 8th Annual Best of the Uncovereds Conference 2013
22 slides from Radiant Logistics's conference presentation, Oct 3, 2013
Slide 1: Singular Research 8th Annual Best of the Uncovereds Conference
(NYSE-MKT: RLGT) 2013 Singular Research 8th Annual Best of the Uncovereds Conference October 3, 2013
Slide 2: Forward-looking statements
This presentation may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934. We have based these forward-looking statements on our current expectations and projections about future events.
Slide 3: Our Mission
Our Mission To build a global transportation and logistics company through organic growth and the strategic acquisition of best-of-breed non-asset based transportation and logistics providers.
Slide 4: Overview
Overview Pages RADIANT, »
Slide 5: What We Do
What We Do Non-Asset based 3rd Party Logistics Provider (3PL) As we don’t own the transportation assets, our ongoing CAPEX requirements are minimal Providing customized time critical domestic and int’l transportation and logistics solutions Shipments are generally larger than shipments handled by in
Slide 6: Background
Background In October of 2005, we launched Radiant Logistics, Inc. as a public company (OTC:RLGT) and in January of 2006, we acquired 100% of the stock of Airgroup Corporation, then generating +/- $50.0M in domestic and international freight forwarding revenues through a network of 34 exclusive agen
Slide 7: On Time Express – October 1, 2013
On Time Express – October 1, 2013 $20 million base purchase price structured with earn-outs At closing $7.5 million in cash and $500,000 in Company common stock; $2.0 million payable in four quarterly installments commencing on the 90-day anniversary of the closing, and an additional $10.0 million p
Slide 8: On Time Express – Line Haul Network
On Time Express – Line Haul Network Dedicated Line Haul Network supporting Radiant’s 90+ locations across North America.
Slide 9: Strategic Direction – The “Gray Tail”
Strategic Direction – The “Gray Tail” Structural changes resulting from industry deregulation (1) and the natural “graying” of industry pioneers provides an opportunity to support the logistics entrepreneur in transition Uniquely positioned to bring value to the logistics entrepreneur Leveraging our
Slide 10: The Network
The Network Page? RADIANT, »
Slide 11: Radiant
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Slide 12: Radiant’s North American Footprint
Radiant’s North American Footprint Seattle/Bellevue, WA—HQ 90+ Stations Strong – Atlanta, GA** – Laredo, TX** Baltimore, MD ** – Las Vegas, NV – Burbank, CA – Little Rock, AR – Boston, MA – Los Angeles, CA** – Chicago, IL – Manchester, NH – Cincinnati, OH – Miami, FL – Cleveland, OH – Milwaukee, WI
Slide 13: Scalable Technology Platform
Scalable Technology Platform Web Portal (Unified User Interface) Fulfillment/Order Mgmt SAP Transportation Accounting Management Package Warehouse Int’l Trade Management Compliance Intransit Visibility In -Transit Radiant enjoys a robust proven technology platform that can support its growth.
Slide 14: Financial Highlights
Financial Highlights Page 13 RADIANT, »
Slide 15: Profitable Growth
Profitable Growth Revenues-Cumulative CAGR=25.4% Sept Dec Mar June 2006 2007 2008 2009 2010 2011 2012 2013 ADJUSTED EBITDA - Cumulative CAGR = 42.1% 12,000 10,000 8,000 6,000 4,000 2,000 Sept Dec Mar June 2006 2007 2008 2009 2010 2011 2012 2013 Thousands Millions
Slide 16: Adjusted EBITDA
Adjusted EBITDA (Amount in 000’s) Annual Quarterly Trend FYE 6/30/13 FQE 3/31/13 FQE 6/30/13 FQE 9/30/13 FQE 12/31/13 (Actual) (Actual) (Actual) (Estimated) (Estimated) Revenue $ 310,835 $ 72,790 $ 80,719 $ 75,000—$ 85,000 $ 80,000—$ 90,00 Net Income $ 3,657 $ 882 $ 2,352 $712—$1,022 $673—$1,150 Int
Slide 17: Adjusted Net Income and Adjusted EPS
Adjusted Net Income and Adjusted EPS (Amount in 000’s) Annual Quarterly Trend FYE 6/30/13 FQE 3/31/13 FQE 6/30/13 FQE 9/30/13 FQE 12/31/13 (Actual) (Actual) (Actual) (Estimated) (Estimated) Net Income $ 3,657 $ 882 $ 2,352 $712—$1,022 $673—$1,150 Net income per share Basic $ 0.11 $ 0.03 $ 0.07 $0.02
Slide 18: Understanding our Debt (Pro Forma for OTE and Sub-Debt)
Understanding our Debt (Pro Forma for OTE and Sub-Debt) (Dollars in Millions) Pro Forma @ 10/1/13 BASE SUB-DEBT OTE Total Senior Credit Facility $ 7.5 $ 2.0 $ 7.0 $ 16.50 Subordinated Debt 10.0 (2.0) — 8.0 Original Issue Discount (1.0) (0.2) — (1.2) Debt Issuance Costs (0.5) (0.1) — (0.6) Subordinat
Slide 19: Valuing Our Stock – EBITDA
Valuing Our Stock – EBITDA (Dollars in Millions) @8x @10x @12x Run-Rate EBITDA 16.0 16.0 16.0 Valuation Multiple (8x-12x) 8x 10x 12x Enterprise Value 128.0 160.0 192.0 Less: Debt (27.9) (27.9) (27.9) Equity Value 100.1 132.1 164.1 Fully Diluted Outstanding 36.8 36.8 36.8 Price per Share $ 2.72 $ 3.5
Slide 20: Acquisition Verticals
Acquisition Verticals Contract Customs Forwarding Truck Intermodal Logistics Brokerage Brokerage (IMC) Free- Agent Standing Conversions Forwarders Agent based Forwarding Networks
Slide 21: Investment Highlights/ Capital Allocation
Investment Highlights/ Capital Allocation Strong management team with significant inside ownership (+/- 30%) A track record of profitable growth Refinancing remaining $8.0M in mezzanine debt Organic Growth Initiatives Productivity Improvements/ Margin Expansion Accretive Acquisitions Stock Buy-Backs
Slide 22: It’s the Network that Delivers!
It’s the Network that Delivers! ® THANK YOU
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