Landstar System, Inc. · NASDAQ:LSTR
Landstar System — Q2 2021 Earnings Presentation
14 slides from Landstar System's earnings presentation, Jul 21, 2021
Slide 1: Landstar System, Inc. Earnings Conference Call Second Quarter 2021
July 21, 2021 Landstar System, Inc. Earnings Conference Call Second Quarter 2021 Date Published: 07/21/2021 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements Disclaimer: The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made in this slide presentation that are not based on historical facts are “forward looking statements.” This presentation may make certain stateme
Slide 3: Who We Are
Who We Are Landstar is a worldwide, technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third party capacity providers and employees. Date Publishe
Slide 4: Our Network
Our Network Landstar Employees Approx. 1,300 Agents Approx. 1,200 Customers 25,000+ Capacity 79,000+ 2020 Results $4.1 billion in revenue 2.0 million loadings 508 million dollar agents 10,991 BCO trucks (2020 year-end) 69,025 Carriers (2020 year-end) 17,000+ Trailers (2020 year-end) Date Published:
Slide 5: Percentage of Revenue by Transportation Mode
Percentage of Revenue 2Q20 2Q21 Truck Transportation Truckload Van equipment 59% 62% Unsided/platform equipment 30% 28% Less-than-truckload 3% 2% Rail intermodal 3% 3% Ocean and air cargo 4% 4% Transportation Management Services Date Published: 07/21/2021
Slide 6: Revenue by Mode: Quarter and Year-to-Date
Percentage change in rate is calculated on a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue ($’s in thousands) Date Published: 07/21/2021 Quarter Year-to-Date
Slide 7: Truckload Loadings and Revenue per Load Trends
Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load Trends (Excludes LTL) Date Published: 07/21/2021
Slide 8: Industries Served
As a Percentage of Revenue 2Q20 2Q21 Quarter over Prior Year Quarter Change in Revenue Consumer Durables 24.3 29.5 133% Machinery 13.0 11.2 65% Building Products 9.7 8.7 73% AA&E, Hazmat 9.6 9.2 83% Automotive 4.3 6.7 198% Foodstuffs 5.8 3.7 20% Metals 5.3 5.2 87% Substitute Line Haul 3.7 6.1 216% O
Slide 9: Gross Profit and Gross Profit Margin
13.7% 14.1% Gross profit equals revenue less the cost of purchased transportation and commissions to agents. Gross profit margin equals gross profit divided by revenue. Revenue on transactions with a fixed gross profit margin was 52% and 47% of revenue in the 2020 and 2021 year-to-date periods, resp
Slide 10: Operating Income and Operating Margin
50.5% Operating margin equals operating income divided by gross profit. Excluding the impact of the $12.6 million of pandemic relief incentive payments from the 2020 year-to-date and quarterly results, operating margin was 36.8% and 35.6% in the 2020 year-to-date and quarter periods, respectively. O
Slide 11: Truck Capacity Data
Date Published: 07/21/2021 Truck Capacity Data (All information is provided as of the end of the period)
Slide 12: Key Balance Sheet and Cash Flow Statistics
Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Capital expenditures includes cash capital expenditures of $17.7 million and approximately $2.7 million for the acquisition of a business during the 2020 year-to-date period. Date Published: 07/21/202
Slide 13: Free Cash Flow, Stock Purchases and Dividends
Free Cash Flow (1) , Stock Purchases and Dividends Date Published: 07/21/2021 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide. Second quarter 2021 YTD (000's) Free cash flow (1) $,128,176 Share purchases $23,837 D
Slide 14: DESIGNED TO RESPOND
DESIGNED TO RESPOND SUIT TO DELIVER’ pubtished: 07/21/2021