C.h. Robinson Worldwide, Inc. · NASDAQ:CHRW
C.h. Robinson Worldwide — Q1 2013 Earnings Presentation
19 slides from C.h. Robinson Worldwide's earnings presentation, May 7, 2013
Slide 1: Earnings Conference Call First Quarter 2013
Earnings May John Scott Tim © 2012 Gagnon, 7, Wiehoff, Hagen, 2013 C.H. Conference Robinson Corporate Director Chairman Call Investor Worldwide, Controller &- CEO FirstRelations Quarter Inc. All 2013 Rights Reserved.
Slide 2: Safe Harbor Statement
Safe Except or expectations, and truck, successfully; associated Quarterly We our corresponding set 1© 2012 strategies forth have operating growth Harbor rail, for C.H. in included Reports. with ocean the Appendices rates Statement concerning Robinson risks including, performance, historical GAAP th
Slide 3: Q1 2013 Results
Q1 In Three 2013 Total Income Net •Earnings 2©Volume Net Margin 2012 thousands, 2013 income 2012 revenues net revenue months from C.H. Results revenues compression per increases %$103,343 share Robinson operations Change except increases ended $2,994,267 $455,722 (diluted) inMarch per most $106,500
Slide 4: Three months ended March 31 results
InPhoenix Three 2013 Personnel Selling, Acquisition Total Income Percent •Appendix 3©2012 Pro 2012 thousands Actual Forma net operating months Pro from of C.H. general revenues results A. expenses net Forma amortization net Compared 2012 Robinson operations ended revenue expenses & revenues reflect
Slide 5: Total Transportation Results
InTransportation Three 2013 Total Net Transportation 2002 Q1 Q2 Q3 •Q4 4©Cost 2012 thousands 17.7% 16.1% 15.6% 16.2% revenue 2012 2003 revenues net months ofC.H. revenues transportation 17.8% 15.9% 16.0% 15.8% %margin 2004 Robinson Change ended $2,603,182 Results margin revenue 2005 16.8% 15.4% 15.9
Slide 6: Truckload Results
Truckload Three 2013 $268,604 Year Volume Quarter Pricing Net •*Excluding 5©Truckload North Market Shipper/ Competitive 2012 revenues revenue over 2012 months American *C.H. 9% conditions 1.5% $263,582 year Receiver Results %estimated volume margin Robinson in Change ended environment change thousan
Slide 7: LTL Results
LTL Three 2013 $58,491 Year Volume Quarter Net •Pricing 6©Total Margins 2012 revenues revenue Results over 2012 months shipments C.H. 12% $51,827 year lower %margin Q1 Robinson in Change ended change thousands 2013 in12.9% increased the March first Worldwide, quarter approximately 31 of Inc. 2013 Al
Slide 8: Intermodal Results
Intermodal Three 2013 $9,101 Year Net Pricing Volume •Quarter 7©Slight Continued Large Lane Less 2012 revenues revenue over 2012 months spot mix $9,711 customers volume C.H. year % market/ Results change mix margin Robinson in Change ended -6.3% change decline thousands shift comprise Q1 transaction
Slide 9: Ocean, Air, and Customs Net Revenue; Phoenix Integration Update
InSuccessfully OCEAN, Three 2013 Actual Phoenix •*Total 8©Customer Retained Office See 2012 thousands 2012 *Appendix months C.H. $67,862 C.H. integrations Integration net AIR, key % Integration revenue Robinson Robinson Change ended negotiated AND talent A $64,915 Update are March * CUSTOMS and net
Slide 10: Global Forwarding Results: Ocean, Air, Customs
Global Three 2013 Ocean Air Customs OCEAN AIR Net Pricing •Volume 9©Significant 2012 $16,768 revenues revenue Quarter 2012 months $42,488 Forwarding C.H. Quarter $8,606 %$8,873 margin net Robinson in Change ended $15,761 thousands revenue $3,400 Results 89.0% March Worldwide, 153.1% 169.6% growth Q1
Slide 11: Other Logistics Services Results
Other Net Three 2013 •$17,194 © 10 Services Other 2012 revenues 2012 Logistics months Logistics C.H. $14,062 include % Robinson in Change ended Services thousands 22.3% Services Transportation March Worldwide, Results continues 31 Q1 Management, Inc. 2013 to achieve All Rights strong Warehousing Res
Slide 12: Sourcing Results
Sourcing Three 2013 Total •Net © 11 Volatile Case 2012 revenue 2012 revenues net months volume C.H. revenues Results in weather %thousands margin Robinson Change ended growth $387,852 Q1 and $31,846 8.2% March 2013 commodity approximately Worldwide, $359,730 8.9% $31,943 31 -7.5% markets 7.8% Inc. -
Slide 13: Operating Expenses and Operating Income
InA Three 2013 Operating Personnel Other Total Income •Percent © 12 Additional Headcount 2013 One 2012 thousands reconciliation Actual net Operating less operating months other from of C.H. revenues expenses expenses: business netpayroll Compared 2012 operating increases Robinson Operations ended re
Slide 14: Cash Flow, Balance Sheet, and Share Repurchases
Other In Net -$58,050 operating Capital Three 2013 Effective Balance March Cash Current Stockholder’s Repurchases Repurchase Shares Average $58.10 Total share $49,475 © shares 13 2012 thousands, cash 2012 flow & assets cost Financial months 31, 851,555 $65.91 expenditures, C.H. cash assets debt liab
Slide 15: 2012 Performance excluding non-recurring items
Our (1) divestiture ts 14 Reserved. 2012 Performance Net of Income T-Chek overand Systems time E.P.S.Inc. represents A reconciliation adjusted of results adjusted excluding resultsNon-Recurring appears in Appendix Transaction B. Impacts related to the acquisition of Phoenix International Freight Ser
Slide 16: Looking ahead
•AWe *See © 15 T-Chek Truckload Goal look 2012 will safe to ahead C.H. comparisons improve continue harbor margin Robinson statement our tocompression aggressively Global will Worldwide, remain onForwarding slide will sell aInc. 2variance remain regarding and All results pursue Rights athrough chall
Slide 17: Appendix A: Pro forma reconciliation
Appendix In Three 2012 Purchased Net Personnel Selling, Amortization Total Income 1. entered 2. © 16 Adjustments Net 2012 thousands revenues Actual revenues purchased other months revenues into from C.H. general A: expenses transportation products operating in T-Chek 2012 Robinson Operations (2) of
Slide 18: Appendix B: Non-GAAP adjustments
Appendix In Twelve 2012 Personnel Other Total Investment Income Provision Net Weighted To with assess GAAP 1) 2) Apreo 3) 4) 5) © 17 2012 The thousands, assist income non-GAAP Actual net operating operating our and adjustments adjustment measures results, months from before C.H. investors revenues a
Slide 19: © 2012 C.H. Robinson Worldwide, Inc. All Rights Reserved.
© 2012 C.H. Robinson Worldwide, Inc. All Rights Reserved.
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