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

J.B. Hunt Transport Services — Q1 2013 Earnings Presentation

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

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

    What’s your next move?™ J.B. Hunt Transport Services, Inc. 1Q 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) 1Q 2013 Revenue Mix  Largest, 100% 53’ high-cube container fleet 8%  Largest drayage fleet in North America 9% JBI  Priority loading and unloading at major rail DCS terminals ICS  Dedicated Contract Services (DCS) JBT  Fleet creation, convers

  4. Slide 4: 1Q 2013 Results vs. 1Q 2012

    1Q 2013 Results vs. 1Q 2012  1Q 2013 Revenue: $1.29 billion; up 11%  1Q 2013 Revenue, excl FSC: $1.04 billion; up 11%  1Q 2013 Operating Income: $125 million; up 7%  1Q 2013 EPS: $0.61 vs. $0.57  Segment Performance • Intermodal (JBI)  Revenue: $796 million; up 15%  Operating Income: $96.8 mi

  5. Slide 5: 1Q 2013 Results – Consolidated

    1Q 2013 Results – Consolidated Revenue Operating Income (in millions) (in millions) $6,000 $600 $530 $500 $444 $358 $348 $5,055 $400 $5,000 $300 $248 $4,527 $200 $117 $125 $100 $4,000 $3,793 $3,732 $- 2008 2009 2010 2011 2012 1Q 12 1Q 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 15% on load volume (in millions) $3,500 that increased 13% over 1Q 2012  Eastern network grew by 19% and $3,071 transcontinental growth showed a 10% $3,000 improvement $2,673  Operating income increased 22% over 1Q $2,500 2012 $2,141 $1,952  Inc

  9. Slide 9: JBI Performance

    JBI Performance JBI Revenue Growth JBI Operating Income Growth 30% 25% 40% 25% 27% 20% 30% 24% 22% 15% 15% 15% 20% 10% 10% 5% 0% 0% FY11/FY10 FY12/FY11 1Q Y/Y FY11/FY10 FY12/FY11 1Q Y/Y JBI Average Length of Haul JBI Revenue per Load 1,730 1,726 $2,200 1,720 $2,169 1,710 $2,165 1,702 1,704 1,700 $2,

  10. Slide 10: DCS – Dedicated

    DCS – Dedicated DCS Revenue  Revenue increased 9% over 1Q 2012 (in millions) $1,200  New accounts provided a net additional $1,080 633 revenue-producing trucks $1,031 $1,000 $927  Operating income decreased 22% $907 compared to 1Q 2012 $800 $757  Operating income decrease is primarily related to

  11. Slide 11: DCS Performance

    DCS Performance DCS Revenue Growth DCS Operating Income Growth 15% 14% 30% 25% 20% 13% 10% 9% 10% 0% 5% 5% -10% -20% -22% 0% -30% FY11/FY10 FY12/FY11 1Q Y/Y FY11/FY10 FY12/FY11 1Q Y/Y DCS Average Length of Haul DCS Loads 250 1,444,518 1,522,740 205 208 1,500,000 201 198 200 150 1,000,000 100 398,299

  12. Slide 12: ICS – Non-Asset Based

    ICS – Non-Asset Based  Revenue increased 26% vs. 1Q 2012 mostly ICS Revenue (in millions) due to a 47% increase in load volume $500 $456  Volumes grew faster than revenue primarily $450 due to a change in freight mix driven by $400 customer demand $350 $356  Contractual volume growth accelerated

  13. Slide 13: ICS Performance

    ICS Performance ICS Revenue Growth ICS Operating Income Change 30% 50% 28% 26% 41% 25% 22% 20% 27% 25% 23% 15% 10% 5% 0% 0% FY11/FY10 FY12/FY11 1Q Y/Y FY11/FY10 FY12/FY11 1Q Y/Y ICS Gross Profit Margin ICS Loads 14.3% 15.0% 13.5% 350,000 326,574 13.0% 13.0% 300,000 253,344 10.0% 250,000 200,000 150,

  14. Slide 14: JBT – Truckload

    JBT – Truckload  Revenue decreased 21% from 1Q 2012 on an JBT Revenue (in millions) approximately 21% reduction in fleet size $800  Revenue, excluding fuel surcharges, decreased 21% $676  Rate per mile, excluding fuel surcharges, $600 increased 3.8% over 1Q 2012 $479 $504 $484  Rates from consis

  15. Slide 15: JBT Performance

    JBT Performance JBT Average Length of Haul JBT Average Nonpaid Empty Miles Per Load 78 600 77.1 514 498 77 467 500 449 76 75.4 400 75 300 73.8 74 72.7 200 73 100 72 71 0 2011 2012 1Q 12 1Q 13 70 2011 2012 1Q 12 1Q 13 JBT Loads JBT Revenue per Tractor per Week 444,851 449,366 $5,000 400,000 $3,869 $3

  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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