J B Hunt Transport Services : Q3 2020 Earnings Presentation
October 16, 2020 at 07:15 am EDT
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J.B. HUNT
Q3 2020 RESULTS
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 statements. These statements are based on J.B. Hunt's current plans and
expectations and involve risks and uncertainties that could cause future activities and results of operations to be materially different from those set forth in the forward-looking statements. For further information, please refer to J.B. Hunt's reports and filings with the Securities and Exchange Commission.
DISTINCT & COMPLEMENTARY BUSINESSES
Intermodal (JBI)
3Q 2020 Revenue Mix
Largest, 100% 53' high-cube container fleet
Largest drayage fleet in North America
Priority loading and unloading at major rail terminals
Dedicated Contract Services (DCS)
7%
4%
JBI
• Fleet creation, conversion, and augmentation
18%
DCS
• Design & implementation of value-driven supply chain solutions
49%
ICS
• On-site management
Integrated Capacity Solutions (ICS)
Non-assetbased offering of dry van, flatbed, refrigerated, expedited, and LTL services.
40- and 20-foot box domestic and international containers and
FMS
JBT
22%
international intermodal services
Services to all 50 States, Canada, and Mexico
Final Mile Services (FMS)
Largest final mile asset network in the US
Provider of both asset and non-asset big and bulky delivery and installation services
Nationwide fulfillment and retail-pooling distribution services
Truckload (JBT)
One of the largest capacity networks in North America
Instant tracking via the Internet
GPS trailer tracking
Percentage of 3Q 2020 Operating Income/(Loss) by Business Segment
80%
62%
60%
46%
40%
20%
1%
2%
0%
JBI
DCS
ICS
FMS
JBT
-20%
-11%
-40%
3Q 2020 RESULTS VS. 3Q 2019
OVERVIEW
3Q 2020 Revenue:
$2.47 billion; up 5%
3Q 2020 Revenue, excl FSC:
$2.30 billion, up 9%
3Q 2020 Operating Income:
$175.5 million; up 5%
3Q 2020 EPS:
$1.18 vs. $1.10, up 7%
SEGMENT PERFORMANCE
Intermodal (JBI)
Revenue: $1.21 billion; down 2%
Operating Income: $108.4 million; up 22%
Dedicated Contract Services (DCS)
Revenue: $553 million; up 1%
Operating Income: $80.4 million; up 5%
Integrated Capacity Solutions (ICS)
Revenue: $431 million; up 28%
Operating Loss: $(18.3) million; compared to $(5.6) million in 3Q'19
Final Mile Services (FMS)
Revenue: $182 million; up 22%
Operating Income: $2.1 million; up 13%
Truckload (JBT)
Revenue: $109 million; up 16%
Operating Income: $2.9 million; down 55%
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JB Hunt Transport Services, Inc. specializes in supply truck transportation services. Net sales (including intra-group) break down by activity as follows:
- intermodal transportation services (44.7%);
- customized transportation services (21.1%);
- development of logistics solutions and services (20.8%);
- final-mile delivery services (6.9%);
- loading services (6.5%).
At the end of 2021, the group had a fleet of 110,529 vehicles consisting of container chassis (85,649), trucks (16,751) and tractors (8,429).
All sales are in the United States.