THE GLOBAL LOGISTICS NETWORK

Transcription

1 THE GLOBAL LOGISTICS NETWORK 0

2 Result 2004 Unbranded Title Slide Summary Analyst Conference The background to this slide is transparent to allow any picture to be inserted March in the semi-circular 14, 2005 area

3 Income Statement 2004 CHF million * % change Turnover 11'563 9'548 8' % Gross profit 2'323 2'064 1' % EBITA % EBT % Net earnings % * Excl. impairment for comparison reasons 2

4 Highlights 2004 CHF million * - Gross profit 2'323 2'064 1'911 - EBITA Net earnings Net cash position Treasury Shares Total Per share - EPS Dividend Equity % Total assets 28.0% 37.2% 32.6% * Excl. Impairment for comparison reaons 3

5 Highlights 2004 Shareholders Change - Sale 5% Semblog - Increase Free Float to % - Increase Treasury Shares to 9.97 % Continuous growth in Asia - A - License in 100 % KN company 4

6 Termination of cross-shareholding arrangement between Kuehne + Nagel and SembCorp Logistics Ltd. Shareholder structure prior to termination of agreement Shareholder structure after termination of agreement SembCorp Logistics Ltd. 20,00% Kuehne-Holding 55,75% Free float Kuehne-Holding 55,75% 34,28% Free float 21,22% Treasury Treasury shares 3,03% shares 9,97% Free float was increased by more 5 than 60 % from 21,2 % to 34,3 %

7 Kuehne + Nagel one of the world s leading Logistics providers... Business field Turnover % EBITA % Market position Seafreight 6' Nr. 1 Airfreight 2' Nr. 4 Rail & Road Logistics 1' Nr. 15 Contract Logistics Nr. 10 Insurance Total Group 11'

8 Kuehne + Nagel Today Global No. 1 in Seafreight - Double the market growth rates - Leading the industry with IT-based solutions - Strong partnerships with preferred carriers Global Top 4 in Airfreight - Well positioned in the top league - Cargo 2000 Phase II certified - Strong partnerships with preferred airlines Global Top 10 in Contract Logistics - Global infrastructure for global contract logistics coverage - Dedicated and Shared Warehousing & Distribution management - Transportation Management solutions Start of European Overland - Focus on LTL & FTL business - Completely non-asset based 7

9 Market drivers towards Global Integrated Logistic Services Globalisation Liberation of cross border trade Outsourcing of production Reallocation of production Outsourcing Concentration on core competencies leads to increased outsourcing of logistics activities Integration Customers increasingly reduce the number of logistics providers which puts providers at an advantage which are able to offer integrated logistics service 8 Information technology IT allows for an increased transparency and control of logistics processes Powerful systems and continuous investments in IT have become an important success factor

10 Financial Performance Turnover in CHF million GP in CHF million 11'563 2'323 8'247 8'435 8'805 9'548 1'727 1'911 2'064 1'

11 Financial Performance EBITA in CHF million Net earnings in CHF million * * Excl. impairment for comparison reasons

12 Financial Performance 2004 GP in CHF million EBITA in CHF million Air Contract Logistics Rail & Road Insurance Sea 11 8 Sea Air Contract Logistics Rail & Road Insurance

13 Performance per Business Field - Seafreight Other 66% Gross profit CHF milion % change Sea 34% 2004 Achievements Revenue 6'111 5' Gross profit EBITA % Revenue % growth versus % market - With 1.6 million TEU - global market leadership undisputed - Activities in new markets and new products contributed to strong volume growth 12

14 Performance per Business Field - Airfreight Other 80% Gross profit CHF million % change 2004 Achievements Air 20% Revenue 2'601 2' Gross profit EBITA % Revenue Volume increase + 20% versus 10% market, - Increased productivity due to process optimisation - Development of new Global Cargo 2000-based products - Increased in balance of trade to Asia Pacific 13

15 Performance per Business Unit Contract Logistics Gross profit CHF million % change Other 67% 2004 Achievements CL 33% Revenue 1'171 1' Gross profit (1.6) EBITA % Revenue Focused on customer profitability improvement - Stable results and good performance in Europe - Successful Turnaround in North America - Start of Development of own activities in the Asia Pacific Reg 14

16 Performance per Business Field Rail & Road Gross profit CHF million % change Other 88% 2004 Achievements Rail & Road 7% Revenue 1'588 1' Gross profit EBITA % Revenue Rail - Ferroviasped intergration in Kuehne + Nagel Group finalized - New block trains concepts and intermodel solutions Road - Expansion strategy continue - Integration Pracht, Germany / stake in WM Group - Acquisition Haring Service Company, Germany - Acquisition GT Spedition, Denmark 15

17 Performance per Business Field Insurance Broker Gross profit CHF million % change Other 99% Revenue Gross profit (22.5) Insurance 1% EBITA 8 15 (51.3) % Revenue Achievments - Positive performance, additional market share - Claims in the deductable range leads to special provisions, partly compensated by lower premiums 16

18 Consolidated Financial Statements 2004 Basis for Consolidation As per International Financial Reporting Standards (IFRS) Income statement and cash flow at average rates during the year Balance sheet at year-end rates Goodwill written off in the first year except USCO and Pracht Impact new rules as of

19 Income Statement 2004 CHF million % change Turnover 11'563 9' % Gross profit 2'323 2' % EBITA % EBT % Net earnings % 18

20 Segment Reporting Turnover Gross Profit EBITA CHF million % Seafreight 6'111 5' Airfreight 2'601 2' Sea & Air Logistics 8'713 7'268 1'257 1' Rail & Road Logistics 1'588 1' Contract Logistics Insurance Broker Total Group 11'563 9'548 2'323 2'

21 Assets Management Accounts receivables Day sales outstanding Accounts payables - Day payables outstanding

22 Capital Expenditure CHF million Europe Americas Asia Pacific Middle East/Central Asia and Africa Subtotal fixed assets IT software Goodwill Total

23 Investment / Cash Flow CHF million Investments - Fixed assets IT software Goodwill / other TOTAL Depreciation/amortisation - Fixed assets IT software Goodwill TOTAL Operational Cash Flow Investments in percentage of cash flow

24 Share Price Development Kuehne + Nagel International AG 2004/2005 CHF January February March April May June July August September October November December January February March KNI SMI SPI 23

25 Corporate Time Table 2005: Date Press Conference 2004 result Analyst Conference 2004 result Q result Annual General Meeting Dividend payout Q result Q result 24