Ntg Nordic Transport Group A/s · OMXCOP:NTG
Ntg Nordic Transport Group A/s — Q2 2022 Earnings Presentation
20 slides from Ntg Nordic Transport Group A/s's earnings presentation, August 2022
Slide 1: Q2 2022 Roadshow
Q2 2022 Roadshow NTG Nordic Transport Group August 2022
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 presenter
Today’s presenter CHRISTIAN D. JAKOBSEN Group CFO 3
Slide 4: Agenda
Highlights Financial review AGENDA Other key figures Outlook Appendix 4
Slide 5: Q2 2022 highlights
Highlights Financial review Other key figures Q2 2022 highlights Outlook Q&A STRUCTURAL MARKET GRADUALLY DECLINING DECLINING FREIGHT DOUBLE-DIGIT TOPLINE FULL-YEAR OUTLOOK IMBALANCES PERSIST VOLUMES IN R&L RATES IN A&O AND PROFIT GROWTH MAINTAINED 5
Slide 6: Financial review: Group (I/II)
Highlights Financial review Other key figures Financial review: Group (I/II) Outlook Q&A Q2 YTD COMMENTS DKKm 2022 2021 ∆ 2022 2021 ∆ ▪ Positive momentum from Net revenue 2,729 1,720 58.7% 4,907 3,261 50.5% previous quarters continued Gross profit 533 347 53.5% 961 662 45.1% in Q2 2022. Adjusted EBI
Slide 7: Financial review: Group (II/II)
Highlights Financial review Other key figures Financial review: Group (II/II) Outlook Q&A Gross margin1 Conversion ratio1 Operating margin 22% 45% 9% 40.7% 8.5% 21% 40.6% 8% 20.8% 40% 40.4% 7.9% 20% 35% 7% 6.9% 19.5% 19% 30% 6% 18% 25% 5% 17% 17.1% 20% 4% 16% 15% 3% Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q2’
Slide 8: Financial review: Road & Logistics
Highlights Financial review Other key figures Financial review: Road & Logistics Outlook Q&A Q2 YTD COMMENTS DKKm 2022 2021 ∆ 2022 2021 ∆ ▪ Gradually decreasing volumes Net revenue 1,754 1,326 32.3% 3,421 2,504 36.6% amid softening demand. Gross profit 365 269 35.9% 700 508 37.9% Adjusted EBIT 148 1
Slide 9: Financial review: Air & Ocean
Highlights Financial review Other key figures Financial review: Air & Ocean Outlook Q&A Q2 YTD COMMENTS DKKm 2022 2021 ∆ 2022 2021 ∆ ▪ Market uncertainties Net revenue 976 394 147.7% 1,487 756 96.5% persisted in Q2 2022. Gross profit 167 78 113.1% 261 154 68.9% Adjusted EBIT 68 25 175.5% 104 45 133.
Slide 10: Net working capital, free cash flow and net debt
Highlights Financial review Other key figures Other key figures Outlook Q&A Net working capital (DKKm) Adjusted free cash flow1 (DKKm) Net interest-bearing debt2 (DKKm) 152 98 112 545 76 74 39 41 25 (37) (139) (163) (161) (187) (186) 30-Jun-21 30-Jun-22 31-Mar-22 30-Sep-21 31-Dec-21 Q2’21 Q3’21 Q4’2
Slide 11: Share buy-back program
Highlights Financial review Other key figures Share buy-back program Outlook Q&A ▪ Meet obligations relating to acquisition of minority shareholders’ shares in NTG subsidiaries under the “Ring-the-Bell” concept. PURPOSE ▪ Cover obligations arising under share-based incentive programs. ▪ Potentially
Slide 12: Full-year outlook 2022
Highlights Financial review Other key figures Full-year outlook 2022 Outlook Q&A DKKm 2021 realised 2022 outlook Net revenue 7,301.9 9,700 – 10,200 Adjusted EBIT 542.0 700 – 750 Principal assumptions ▪ Gradual normalisation in the second half of the year. ▪ Stable macroeconomic environment with no a
Slide 13: Appendix
Appendix
Slide 14: Business model of NTG
Highlights Financial review Other key figures Outlook Business model of NTG Update on the acquisition of AGL 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, a
Slide 15: NTG at a glance
Highlights Financial review Other key figures Outlook NTG at a glance Update on the acquisition of AGL Appendix Business segments Founded Revenue1 (DKK) Road & 24% 2011 7.3bn Logistics 2021 revenue Employees2 Revenue CAGR 2016-2021 76% Air & Ocean 2,043 28% Road & Logistics Air & Ocean Geographical
Slide 16: Five-year overview
Highlights Financial review Other key figures Outlook Five-year overview Update on the acquisition of AGL Appendix Net revenue (DKKm) Adjusted EBIT (DKKm) Adjusted free cash flow (DKKm) 9,700 - 10,200 7.4% 700 - 750 314 288 28% 5.4% 4.9% 7,302 4.2% 542 3.9% 5,332 5,332 4,512 261 115 110 2,896 189 20
Slide 17: The history of NTG
Highlights Financial review Other key figures Outlook The history of NTG Update on the acquisition of AGL Appendix 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Rapid expansion Country entry # New start-ups 2 2 1 2 5 4 5 2 6 4 - 1 DK Nordics EAT Solution ATS Cargo Kettermann TAK EAT Ca
Slide 18: Global network of 65 subsidiaries in 22 countries
Highlights Financial review Other key figures Outlook Global network of 65 subsidiaries in 22 countries Update on the acquisition of AGL Appendix Overview of operational subsidiaries Operational subsidiaries by region 2 14 1 2 11 Northern Europe North America 29 Western Europe East Asia 10 3 Eastern
Slide 19: Multiple avenues for future growth
Highlights Financial review Other key figures Outlook Multiple avenues for future growth Update on the acquisition of AGL 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 n
Slide 20: Q&A
Q&A NTG Nordic Transport Group A/S Investor relations Press Hammerholmen 47 Christian D. Jakobsen Mathias Jensen-Vinstrup DK-2650 Hvidovre Group CFO Executive Vice President www.ntg.com +45 4212 8099 +45 4212 8090 CVR no. 12546106 ir@ntg.com press@ntg.com
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