C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q2 2013 Earnings Presentation
19 slides from C.h. Robinson Worldwide's earnings presentation, Aug 6, 2013
Slide 1: Earnings Conference Call – Second Quarter 2013
Exhibit 99.2 Earnings Conference Call – Second Quarter 2013 August 6, 2013 John Wiehoff, Chairman & CEO Chad Lindbloom, CFO Tim Gagnon, Director, Investor Relations
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: Q2 2013 Results
Q2 2013 Results In thousands, except per share amounts Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change Total revenues $3,288,262 $2,955,714 11.3% $6,282,529 $5,507,828 14.1% Total net revenues $472,602 $425,523 11.1% $928,324 $840,269 10.5% Income from $182,
Slide 4: Q2 2013 Actual Compared to Q2 2012 Pro Forma
Q2 2013 Actual Compared to Q2 2012 Pro Forma In thousands Three months ended June 30 2012 T-Chek Phoenix 2012 Pro % Change 2013 Actual Actual Operations Operations Forma Pro Forma Total net revenues $472,602 $425,523 -$13,354 $46,039 $458,208 3.1% Personnel expenses 206,009 177,184 -3,601 21,419 195
Slide 5: YTD Actual compared to prior YTD Pro Forma
YTD Actual compared to prior YTD Pro Forma In thousands Six months ended June 30 2012 T-Chek Phoenix 2012 Pro % Change 2013 Actual Actual Operations Operations Forma Pro Forma Total net revenues $928,324 $840,269 -$26,129 $82,920 $897,060 3.5% Personnel expenses 418,654 360,622 -7,706 41,100 394,016
Slide 6: Transportation Results Q2 2013
Transportation Results Q2 2013 TRANSPORTATION in thousands Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change Total revenues $2,818,077 $2,476,805 13.8% $5,421,259 $4,653,602 16.5% Total net revenues $431,145 $369,006 16.8% $852,397 $736,222 15.8% Net revenue m
Slide 7: Truckload Results Q2 2013
Truckload Results Q2 2013 TRUCKLOAD NET REVENUES in thousands Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change $264,335 $256,193 3.2% $532,939 $519,775 2.5% Year over year change Year to TRUCKLOAD Quarter Date Volume 9% 9% Pricing * 1% 1% Net revenue margin *
Slide 8: LTL Results Q2 2013
LTL Results Q2 2013 LTL NET REVENUES in thousands Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change $60,711 $56,445 7.6% $119,202 $108,272 10.1% Year over year change LTL Quarter Year to Date Volume 8% 10% Pricing Net revenue margin • Net revenues increased 7.
Slide 9: Intermodal Results Q2 2013
Intermodal Results Q2 2013 INTERMODAL NET REVENUES in thousands Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change $9,920 $10,019 -1.0% $19,021 $19,730 -3.6% Year over year change Year to Quarter Date Volume Pricing Net revenue margin • Intermodal net revenue d
Slide 10: Phoenix Integration Update
Phoenix Integration Update In thousands OCEAN, AIR, AND CUSTOMS NET REVENUE Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change Actual C.H. Robinson $79,095 $31,469 151.3% $146,957 $ 59,503 147.0% net revenue Phoenix net revenue * $46,039 $82,920 Total * $79,095
Slide 11: Global Forwarding Results Q2 2013 Ocean, Air and Customs
Global Forwarding Results Q2 2013 Ocean, Air and Customs NET REVENUES in thousands Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change Ocean $49,124 $16,958 189.7% $91,612 $32,719 180.0% Air $20,202 $10,577 91.0% $36,970 $19,450 90.1% Customs $9,769 $3,934 148.3
Slide 12: Other Logistics Services Results Q2 2013
Other Logistics Services Results Q2 2013 NET REVENUES in thousands Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change $17,084 $14,880 14.8% $34,278 $28,942 18.4% • Other Logistics Services net revenues include transportation management services, warehousing and
Slide 13: Sourcing Results Q2 2013
Sourcing Results Q2 2013 SOURCING in thousands Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change Total revenues $466,811 $462,597 0.9% $854,663 $822,327 3.9% Total net revenues $38,752 $40,205 -3.6% $70,598 $72,148 -2.1% Net revenue margin 8.3% 8.7% -4.5% 8.3%
Slide 14: Other Financial Information
Other Financial Information In thousands, except share and per share amounts CASH FLOW DATA Three months ended June 30 Six months ended June 30 2013 2012 % Change 2013 2012 % Change Net cash provided by operating $116,320 $32,944 253.1% $58,271 $110,028 -47.0% activities Capital expenditures, net $1
Slide 15: A look ahead
A look ahead • Divestiture of T-Chek and the acquisitions of Phoenix International and Apreo will continue to affect our results, as planned • The North American truckload market conditions remain balanced and competitive • We will continue to pursue profitable market share growth • We will continue
Slide 16: Appendix A: 2012 Actual to Pro Forma Reconciliation
Appendix A: 2012 Actual to Pro Forma Reconciliation In thousands Three months ended June 30 1. Adjustments have been made to historical Phoenix operations for the addition of amortization expense of finite-lived intangible assets recorded in connection with the acquisition ($4,067), rent expense for
Slide 17: Appendix B: 2012 Actual to Pro Forma Reconciliation
Appendix B: 2012 Actual to Pro Forma Reconciliation In thousands Six months ended June 30 1. Adjustments have been made to historical Phoenix operations for addition of amortization expense of finite-lived intangible assets recorded in connection with the acquisition ($8,133), rent expense for lease
Slide 18: Appendix C: 2012 & 2011 Truckload, LTL & Customs quarterly net revenue
Appendix C: 2012 & 2011 Truckload, LTL & Customs quarterly net revenue In thousands 2012 2011 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Truckload $263,582 $256,193 $269,097 $271,248 $248,577 $264,029 $268,376 $256,894 LTL 51,827 $56,445 58,863 57,025 45,923 50,273 52,990 49,549 Total Truck $315,409 $312,638 $327,960
Slide 19: C.H. Robinson
@ C.H. ROBINSON CA
C H Robinson Worldwide — Q2 2013 Earnings Presentation on 6ix