J.B. Hunt Transport Services, Inc. · NASDAQ:JBHT

J.B. Hunt Transport Services — Q2 2013 Earnings Presentation

17 slides from J.B. Hunt Transport Services's earnings presentation, July 2013

  1. Slide 1: J.B. Hunt Transport Services, Inc. 2Q 2013 Results

    What’s your next move?™ J.B. Hunt Transport Services, Inc. 2Q 2013 Results SINGLE SOURCE • INTERMODAL • DEDICATED • FINAL MILE • TRUCKLOAD • LESS THAN TRUCKLOAD • REFRIGERATED • FLATBED • EXPEDITED

  2. Slide 2: Disclosure

    Disclosure This presentation and discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates,” or similar expressions are intended to identify these forward-looking stateme

  3. Slide 3: Distinct Complementary Businesses

    Distinct Complementary Businesses  Intermodal (JBI) 2Q 2013 Revenue Mix  Largest, 100% 53’ high-cube container fleet 7%  Largest drayage fleet in North America 9% JBI  Priority loading and unloading at major rail DCS terminals ICS JBT  Dedicated Contract Services (DCS) 22%  Fleet creation, con

  4. Slide 4: 2Q 2013 Results vs. 2Q 2012

    2Q 2013 Results vs. 2Q 2012  2Q 2013 Revenue: $1.38 billion; up 10%  2Q 2013 Revenue, excl FSC: $1.12 billion; up 11%  2Q 2013 Operating Income: $147 million; up 7%  2Q 2013 EPS: $0.73 vs. $0.67  Segment Performance • Intermodal (JBI)  Revenue: $855 million; up 12%  Operating Income: $110.7 m

  5. Slide 5: 2Q 2013 Results – Consolidated

    2Q 2013 Results – Consolidated Revenue Operating Income (in millions) (in millions) $6,000 $600 $530 $500 $444 $358 $5,055 $400 $348 $5,000 $300 $248 $4,527 $200 $137 $147 $100 $3,793 $4,000 $3,732 $- 2008 2009 2010 2011 2012 2Q 12 2Q 13 $3,203 $3,000 Diluted EPS $3.00 $2.59 $2.50 $2,000 $2.11 $2.00

  6. Slide 6: Key Points

    Key Points Industry leading Intermodal franchise Differentiated & specialized Dedicated business Independent brokerage/management services Lighter Truckload asset model What’s your next move?™ | 6

  7. Slide 7: Segment Discussion

    What’s your next move?™ J.B. Hunt Transport Services, Inc. Segment Discussion SINGLE SOURCE • INTERMODAL • DEDICATED • FINAL MILE • TRUCKLOAD • LESS THAN TRUCKLOAD • REFRIGERATED • FLATBED • EXPEDITED

  8. Slide 8: JBI – Intermodal

    JBI – Intermodal JBI Revenue  Revenue increased by 12% due to overall (in millions) volumes increasing 12% compared to 2Q $3,500 2012 $3,071  Eastern network grew by 14% and $3,000 transcontinental growth showed a 11% $2,673 improvement $2,500  Operating income increased 19% over 2Q $2,141 $1,952

  9. Slide 9: JBI Performance

    JBI Performance JBI Revenue Growth JBI Operating Income Growth 30% 40% 25% 25% 27% 30% 20% 24% 15% 15% 19% 20% 12% 10% 10% 5% 0% 0% FY11/FY10 FY12/FY11 2Q Y/Y FY11/FY10 FY12/FY11 2Q Y/Y JBI Average Length of Haul JBI Revenue per Load 1,735 1,726 $2,200 1,725 1,715 $2,169 1,705 1,702 1,695 $2,141 $2,

  10. Slide 10: DCS – Dedicated

    DCS – Dedicated DCS Revenue  Revenue increased 13% over 2Q 2012 (in millions) $1,200  New accounts provided a net additional $1,080 863 revenue-producing trucks $1,031 $1,000 $927  Operating income decreased 11% $907 compared to 2Q 2012 $757 $800  Operating income decrease is primarily related t

  11. Slide 11: DCS Performance

    DCS Performance DCS Revenue Growth DCS Operating Income Growth 14% 15% 30% 13% 25% 20% 13% 10% 10% 5% 0% 5% -10% -11% 0% -20% FY11/FY10 FY12/FY11 2Q Y/Y FY11/FY10 FY12/FY11 2Q Y/Y DCS Average Length of Haul DCS Loads 250 1,444,518 1,522,740 205 201 203 197 1,500,000 200 150 1,000,000 100 446,841 367

  12. Slide 12: ICS – Non-Asset Based

    ICS – Non-Asset Based ICS Revenue  Revenue increased 20% vs. 2Q 2012 mostly (in millions) due to a 29% increase in load volume $500 $456  Volumes grew faster than revenue primarily $450 due to an increase in less-than-truckload $400 business $356 $350  Contractual volume growth accelerated to $29

  13. Slide 13: ICS Performance

    ICS Performance ICS Revenue Growth ICS Operating Income Change 28% 113% 30% 125% 25% 22% 20% 100% 20% 75% 15% 41% 50% 10% 23% 5% 25% 0% 0% FY11/FY10 FY12/FY11 2Q Y/Y FY11/FY10 FY12/FY11 2Q Y/Y ICS Gross Profit Margin ICS Loads 326,574 15.0% 13.5% 350,000 13.0% 11.8% 10.6% 300,000 253,344 250,000 10.

  14. Slide 14: JBT – Truckload

    JBT – Truckload  Revenue decreased 20% from 2Q 2012 on an JBT Revenue approximately 16% reduction in fleet size (in millions) $800  Revenue, excluding fuel surcharges, decreased 19% $676  Rate per mile, excluding fuel surcharges, $600 increased 2.1% over 2Q 2012 on a 10% $479 $504 $484 shorter le

  15. Slide 15: JBT Performance

    JBT Performance JBT Average Length of Haul JBT Average Nonpaid Empty Miles Per Load 78 600 77.1 76.3 514 77 467 455 500 76 408 400 75 74 300 72.7 73 72.0 200 72 100 71 70 0 69 2011 2012 2Q 12 2Q 13 2011 2012 2Q 12 2Q 13 JBT Loads 444,851 449,366 JBT Revenue per Tractor per Week 400,000 $5,000 $3,869

  16. Slide 16: Summary

    Summary  Competitively differentiated  Unique intermodal network  Distinct advantages in dedicated segments  Network economics and brand strength to penetrate new markets  Complemented by industry dynamics  Shippers need to reduce costs  Shippers demand on-time service  Increasingly complex

  17. Slide 17: Balance Sheet

    Balance Sheet What’s your next move?™ | 17

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