3Q 2019 Investor Relations
Contents
Company Highlight
Financial Overview
Business Overview
Appendix
Company Highlight
Financial Summary
3Q19 : 2.62 tril. of Sales, 88.7 bil. of OP, 13.0 bil. of Net Profit (Sales YoY +8.4%, OP YoY +67.7%)
- Global division continued high growth followed by acquired companies’ winning new contracts with major clients (YoY +13.6%)
- Parcel division achieved profit improvement through active marketing under newly adapted price table
- Recorded the history high OP thanks to the ASP hike, demarketing on low margin clients and restructuring of loss making
businesses
Highlights
CJ Group’s management paradigm shift
- Postpone large-scale investments (M&As), and focus on maximizing profit
- Targeting global top-tier profit level through enhancing profitability and financial structure
Fully automated parcel terminal ‘Smart Hub Bangna’ (Thailand) successfully initiated(Aug. 2019)
- The largest parcel terminal (73,000㎡) started the operation in Thiland
- The capacity of 400K boxes/day performed through automated sorters
Selected as a member of the lead group among 1,000 companies in ‘UN SDGBI2 2019’
- 1,400 senior jobs created across 170 branches through launching senior career program
- Listed as a member of ‘outstanding group’ in 2017 and ‘lead group’ in 2018
Contents
Company Highlight
Financial Overview
Business Overview
Appendix
Income Statement(K-IFRS Consolidated)
SALES
Sales
Cost of Sales
Gross Profit
SG&A
Operating Profit
Operating Profit
Financial Gain
- -
and Expense
Other Income
- -
and Expense
Profit Before Tax
Income Tax
Net Profit
Balance Sheet(K-IFRS Consolidated)
Total Asset
Current Asset
Cash and equivalents
Receivable
Non-current Assets
Tangible assets
Intangible assets △
License assets
Total Liabilities
Payables △
Borrowings △
Total Equity
Current Ratio
Liabilities to Equity Ratio
Debt Dependent Ratio △
Contents
Company Highlight
Financial Overview
Business Overview
Appendix
Performance By Segment
Sales By Segment Gross Profit By Segment
E&C E&C
6.5% Parcel 5.5%
Parcel
25.3% 28.2%
CL
CL Gross
SALES 26.3%
24.4% Profit
2.62 Tril.
247.2Bil.
KRW
KRW
Global Global
43.8% 40.0%
3 years trend of Sales 3 years trend of Gross Profit
CL(Contract Logistics)
“Continued to focus on growing market utilizing automated facilities and
seek for better margins by improving business structure”
[W&D] Penetrated into growing E-commerce related market
utilizing advanced technologies
[P&D] Margin improved by modifying the distribution network
amid sluggish market
Active demarketing on low margin clients continued
3PL W&D CPG(cold chain/retail) Sales Trend Sales and G.P. Trend of Port & Delivery Biz.
※ Differences in the number of business units adjusted based on actual business unit criteria for investor convenience
Parcel
“Margin increased through applying the new price table
and stabilizing the operations”
Accelerated the growth with aggressive marketing in 3Q
- Volume up 9.5%, ASP up 3.2% YoY
Network efficiency improved to respond the volume growth
Maximizing the utilization of Megahub Gonjiam by
starting fulfillment service
ASP Trend M/S Growth Trend
※ Differences in the number of business units adjusted based on actual business unit criteria for investor convenience
Global
“Robust growth continued from acquired companies
and maximized synergies across all overseas locations”
Robust growth continued by acquired companies securing
local/ MNC customers
-Sales from acquired companies up 29.0% YoY
[GF] Profitability enhanced through restructuring
[Global Parcel] Securing network and foundation
Overseas Sales Trend (organic) Sales Trend of Acquired Companies (in-organic)
※ Differences in the number of business units adjusted based on actual business unit criteria for investor convenience
Contents
Company Highlight
Financial Overview
Business Overview
Appendix
CAPEX
2019 CAPEX Plan 3Q19 CAPEX
2Q19 CAPEX and Annual Capex Plan
2019(E) 3Q19 Details
CL 102.5 81.2 Facility investment on Logis Park & GDC Center
Parcel 35.7 69.7 Facility installation on SCM center in Megahub
Global 60.2 67.9 Global parcel investment
E&C 107.5 47.0 Maintainence on Jeju & Yeoju resort
Total 305.9 265.8 -
* Annual safety CAPEX: 23.6 bil. KRW
Parcel Volume & M/S
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total M/S
Market* 205.7 187.0 210.3 209.3 211.5 203.0 219.0 202.1 198.7 235.2 236.9 223.9 2,542.7
2018 48.2%
CJL 98.3 85.9 102.0 102.7 104.1 99.9 108.0 100.2 94.4 115.1 108.5 105.3 1,224.4
Market* 242.2 184.4 224.0 232.3 237.3 215.3 242.8 219.4 231.5 2,029.2
2019 CJL 111.4 88.5 106.6 109.7 111.8 99.7 116.3 104.6 110.3 958.9 47.8%
YoY 13.3% 3.0% 4.5% 6.8% 7.4% △0.2% 7.1% 4.2% 14.4% 6.6%
*Market: Members of KILA(Korean Integrated Logistics Association)
Volume & M/S of CJL
Detailed results[Global]
Sales and Gross Profit by business Sales and Gross Profit of Acquired Companies
Sales(bil. KRW) Gross Profit
포워딩/ (bil. KRW)
CAT Country M&A Equity
프로젝트
Forwarding Dates Ratio
& Project
17% 3Q18 3Q19 3Q18 3Q19
17%
New
New
Sales Family
Family Rokin China Sep.15 71.4%
해외 55%
55%
법인
Overseas
28%
subsidiaries Speedex China Nov.16 50.0%
28%
Century Malaysia Oct.16 30.9%
Darcl India Aug.17 50.0%
Forwarding
& Project
14% ICM UAE Jul.17 51.0%
Overseas Gemadept Vietnam Feb.18 50.9%
New
subsidiaries Gross
16% Family
Profit 70% DSC USA Aug.18 90.0%
Total -
G.P. and G.P.M. by Segment
2017 2018 2019
1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q
CL
Parcel
Sales Global
E&C
Total
CL
Parcel
Gross
Global
Profit
E&C
Total
10.5%
10.2%
8.6%
※ Differences in the number of business units adjusted based on actual business unit criteria for investor convenience
Thank You
