MFT – Investor Day/ Market Update

MAINFREIGHT:
 
INVESTOR
 
DAY,
 
TAURANGA
14
 
OCTOBER
 
2020

Page
 
2
Agenda
•
9.00am
Welcome
Don
 
Braid
•
9.15am
New
 
Zealand
Craig
 
Evans
•
9.30am
Europe
Ben
 
Fitts
•
9.45am
Australia
Rodd
 
Morgan
•
10.00am
Americas
John
 
Hepworth
•
10.15am
Asia
Cary
 
Chung
•
10.30am
Group
 
Update |
 
Q&A
Don
 
Braid
•
11.00am
Site
 
Tour
•
12.00pm
Lunch
 
with
 
Team

Tauranga
Auckland
Thames
Napier
Wellington
Nelson
Masterton
Gisborne
Whangarei
Hamilton
Rotorua
Taupo
New Plymouth
Palmerston North
Whanganui
Blenheim
Christchurch
Greymouth
Ashburton
Timaru
Oamaru
Invercargill
Cromwell
Gore
Dunedin
Levin
Kaitaia
New
 
Zealand
Craig
 
Evans

Page
 
4
Trading
 
Conditions
 
–New
 
Zealand
•
Market
 
actively
 
challenging
 
existing
 
supply
 
chains
 
– flight
 
to
 
quality
 
and
 
efficiency
 
•
Increase
 
in
 
outsourcing
•
Our
 
suite
 
of
 
services
 
and
 
network
 
continues
 
to
 
improve
 
quality
Variance
 
(YTD
 
September
 
Est)
•
Revenue
 
4.4%
 
•
PBT
  
8.9%
 

Page
 
5
•
Loss
 
in
 
traditional
 
international
 
tourism
 
offset
 
by
 
increased
 
domestic
 
tourism
 
and
 
returning
 
New
 
Zealanders
•
Overall
 
volumes
 
are
 
on
 
the
 
increase
•
Mainfreight
 
well
‐
positioned
 
to
 
convert
 
outsourcing
 
and
 
supply
 
chain
 
enquiry
Covid
 
Impact
 
–New
 
Zealand

Page
 
6
Transport•
Gaining
 
market
 
share
•
Network
 
expansion
 
has
 
assisted
 
market
 
share
•
Margins
 
holding
 
up
•
Levin
 
branch
 
opened
 
during
 
COVID
‐
19;
 
Tauranga
 
new
 
build
 
completed;
 
3
 
others
 
in
 
design/construction
 
in
 
Gore,
 
Spring
 
Creek
 
&
 
Whakatane
Warehousing•
Increased
 
levels
 
of
 
outsourcing
 
enquiry
•
Good
 
gains,
 
especially
 
in
 
larger
 
customer
 
groups
•
Three
 
new
 
warehouses
 
opened
 
since
 
March
 
–2
 
in
 
Auckland,
 
1
 
in
 
Hamilton
Segment
 
Overview
 
–New
 
Zealand

Page
 
7
Air
 
&
 
Ocean
•
Courageous
 
effort
 
during
 
COVID
‐
19
 
coordinating
 
PPE
 
imports
 
–air
 
charters
•
Converted
 
new
 
business
 
as
 
competitors
 
went
 
missing
 
during
 
the
 
height
 
of
 
the
 
pandemic
•
Localized
 
customer
 
relationships
 
proved
 
invaluable;
 
regional
 
development
 
continues
Segment
 
Overview
 
–New
 
Zealand

Page
 
8
•
Ongoing
 
trading
 
improvements
 
from
 
established
 
customers,
 
and
 
increasing
 
market
 
share
 
sees
 
all
 
three
 
divisions
 
busy
•
Seasonal
 
increases
 
in
 
trading
 
(pre
‐
Christmas)
 
are
 
expected
 
/
 
new
 
customer
 
activity
•
Remain
 
cautiously
 
optimistic
In
 
Summary
 
–New
 
Zealand

Amsterdam
Rotterdam
Ostend
Brussels
Genk
Born
‘s-Heerenberg
Frankfurt
Paris
Pruszków
Katowice
Cluj-Napoca
St. Petersburg
Moscow
Kiev
Ploiesti
Lyon
London
Antwerp
Pozna
ń
Warsaw
Milan
Manchester
Zaltbommel
Tilburg
Hamburg
Timisoara
Bacau
Barcelona
EuropeBen
 
Fitts

Page
 
10
Trading
 
Conditions
 
– Europe
•
Steady.
  
Large
 
customers
 
recovered
 
well
 
&
 
optimistic
•
High
 
sales
 
/
 
low
 
inventory,
 
impacting
 
warehouse
 
utilisation
•
Normal
 
inventory
 
levels
 
expected
 
by
 
end
 
of
 
calendar
 
year
•
Sales
 
team
 
winning
 
new
 
business
 
in
 
a
 
challenging
 
sales
 
environment
•
Increasing
 
number
 
of
 
Brexit
‐
related
 
enquiries
 
Variance
 
(YTD
 
September
 
Est)
•
Revenue
 
0.2%
 
•
PBT
  
(11.2)%
 

Page
 
11
Effects•
Impact
 
of
 
short
‐
term
 
illness
•
Inventory
 
rollercoaster
 
as
 
customers
 
balance
 
supply
 
chains
 
in
 
uncertain
 
times
•
Capacity
 
constraints
 
for
 
air
 
and
 
ocean
 
freight
•
Covid measures
 
constantly
 
changing
 
(regions/countries)
Opportunities•
Increased
 
focus
 
on
 
efficiency,
 
doing
 
more
 
with
 
less
 
has
 
assisted
 
margin
 
performance
•
Regular,
 
useful
 
communication
 
appreciated
 
by
 
customers
•
More
 
hustle,
 
particularly
 
airfreight
•
Mainfreight
 
culture
 
further
 
embedded
 
–No
 
job
 
descriptions
Covid
 
Impact
 
– Europe
 

Page
 
12
Transport•
Continues
 
to
 
strengthen
•
Network
 
development
 
– Netherlands,
 
Romania,
 
Italy
•
Sales
 
growth
 
a
 
high
 
priority,
 
focus
 
on
 
freight
 
that
 
feeds
 
the
 
network
•
Synchronised
 
approach
 
toward
 
measurement
 
of
 
quality
 
and
 
efficiency
Warehousing•
Zaltbommel
 
(NL)
 
2nd
 
phase
 
opened
 
in
 
March
 
– 26,000sqm
 
(total
 
site
 
=
 
52,000sqm)
•
First
 
UK
 
warehouse
 
will
 
be
 
operational
 
December
 
2020,
 
in
 
time
 
for
 
Brexit
•
Temporary
 
inventory
 
lull
 
due
 
to
 
delayed
 
or
 
cancelled
 
replenishment
 
orders
•
Focus
 
on
 
pushing
 
more
 
freight
 
into
 
the
 
Mainfreight
 
network
 
and
 
improving
 
utilisation
Segment
 
Overview
 
– Europe
 

Page
 
13
Air
 
&
 
Ocean
•
New
 
branches
 
in
 
Manchester
 
and
 
Barcelona.
 
Nordics
 
on
 
the
 
radar
•
Focus
 
on
 
consolidation
 
growth
 
for
 
air/ocean
•
Improved
 
profit
 
necessary
 
to
 
enable
 
move
 
network
 
development
•
Sales
 
growth
 
top
 
priority
Segment
 
Overview
 
– Europe
 

Page
 
14
•
A
 
healthy
 
amount
 
of
 
new
 
business
 
trialling
 
or
 
committed
 
for
 
early
 
2021
•
Expect
 
revenue
 
performance
 
to
 
improve
 
through
 
the
 
second
 
half
 
of
 
this
 
year
 
•
Sales
 
culture
 
developing,
 
plenty
 
of
 
energy,
 
improved
 
in
‐
country
 
cross
‐
selling
•
Network
 
expansion
 
and
 
intensification
 
to
 
continue
•
Covid
‐
related
 
uncertainty.
 
Overhead
 
control
 
remains
 
critical
•
The
 
ball
 
is
 
bouncing
 
now,
 
it
 
just
 
needs
 
to
 
bounce
 
higher!
In
 
Summary
 
– Europe
 

Gold Coast
Sydney
Brisbane
Townsville
Adelaide
Canberra
Bunbury
Perth
Melbourne
Ballarat
Geelong
Albury
Newcastle
Narangba
Bendigo
Toowoomba
AustraliaRodd
 
Morgan

Page
 
16
Trading
 
Conditions
 
– Australia
 
•
Strong.
  
Nice
 
mix
 
of
 
customers,
 
trading
 
well
•
AU
 
economy
 
resilient
 
–targeted
 
Government
 
support and
 
pent
 
up
 
consumer
 
demand
 
diverted
 
to
 
local
 
goods
 
and
 
services
•
Good
 
new
 
business
 
acquired
 
– increased
 
customer
 
enquiry
•
Warehouse
 
utilisation
 
steady
 
overall
•
Overheads
 
and
 
cash
 
collection
 
managed
 
well
•
Domestic
 
margin
 
improvements
Variance
 
(YTD
 
September
 
Est)
•
Revenue
 
11.8%
 
•
PBT
  
99.1%
 

Page
 
17
•
Constantly
 
changing
 
Covid requirements
 
across
 
states
 
–Victoria
 
an
 
outlier
•
Better
 
business
 
discipline
 
&
 
focus
 
–more
 
hustle
 
&
 
intensity
•
Branch
 
Manager
 
is
 
king
 
–gives
 
us
 
great
 
agility
 
&
 
local
 
decision
 
making/knowledge
•
No
 
travel
 
has
 
led
 
to
 
increased
 
internal
 
communication
•
Deeper
 
more
 
regular
 
communications
 
with
 
customers
Covid
 
Impact
 
– Australia

Page
 
18
Transport•
Strong
 
profit
 
performance
 
through
 
pleasing
 
sales,
 
margin
 
growth
 
&
 
overhead
 
cost
 
control
•
Big
 
branches
 
going
 
well
 
&
 
regional
 
branches
 
showing
 
significant
 
improvement
•
Network
 
growth
 
is
 
key:
  
3
 
new
 
branches
 
opened
 
recently
 
with
 
6
 
more
 
planned
 
by
 
mid
 
next
 
year
•
Owens
 
(wharf
 
operator)
 
showing
 
good
 
profit
 
progress
 
in
 
a
 
tough
 
environment.
 
New
 
IT
 
platform
 
will
 
help
 
service
 
quality/efficiency
•
New
 
facilities
 
in
 
design
 
phase
 
for
 
owned
 
land
 
in
 
Adelaide
 
&
 
SE
 
Melbourne
Warehousing•
Good
 
profit
 
&
 
revenue
 
growth
 
continuing;
 
average
 
90%
 
utilization
 
over
 
last
 
6
 
months
•
New
 
20,000m2
 
purpose
 
built
 
warehouse
 
at
 
Epping.
  
Third
 
15,000m2
 
Sydney
 
warehouse
 
imminent
•
Continued
 
focus
 
on
 
customers
 
with
 
high
 
value,
 
complex
 
needs
 
that
 
feed
 
our
 
broader
 
networks
•
Mainfreight
 
“Mobile”
 
started
 
in
 
Sydney
 
to
 
handle
 
container
 
devanning
 
and
 
broader
 
needs
Segment
 
Overview
 
– Australia
 

Page
 
19
Air
 
&
 
Ocean
•
Good
 
revenue
 
growth
 
but
 
we
 
are
 
working
 
hard
 
to
 
improve
 
margins
•
Focused
 
on
 
global
 
LCL
 
air/ocean
 
growth
 
opportunities
•
Improvement
 
required
 
in
 
the
 
growth
 
of
 
export
 
air
 
and
 
sea
 
freight
 
•
Adding
 
Air
 
&
 
Ocean
 
sales
 
team
 
to
 
our
 
regional
 
locations
 
is
 
important
•
Good
 
sales
 
growth
 
progress
 
in
 
Perishable
 
airfreight
 
branches
Segment
 
Overview
 
continued
 
...

Page
 
20
•
New
 
business
 
performance
 
and
 
sales
 
pipeline
 
pleasing
•
We
 
are
 
a
 
better
 
business
 
in
 
all
 
areas
 
than
 
a
 
year
 
ago
•
Heading
 
into
 
a
 
period
 
of
 
network
 
growth
•
Cautiously
 
optimistic
 
about
 
the
 
trading
 
environment
 
next
 
year.
  
Big
 
business
 
seem
 
confident
 
but
 
small
 
business
 
will
 
struggle
 
– especially
 
Victoria
•
We
 
have
 
good
 
business
 
momentum
In
 
Summary
 
– Australia
 

Charleston
Norfolk
Charlotte
Philadelphia
Baltimore
Newark
Hartford
Boston
Albany
Toronto
Detroit
Atlanta
Memphis
Cleveland
Columbus
Cincinnati
Chicago
Milwaukee
Minneapolis
Laredo
Dallas
Houston
Miami
McAllen
Austin
Phoenix
San Diego
Mexico City
Santiago, Chile
Los Angeles
San Francisco
Portland
Seattle
Queretaro
Indianapolis
Salt Lake City
San Antonio
AmericasJohn
 
Hepworth

Page
 
22
Trading
 
Conditions
 
– Americas
 
•
After
 
slow
 
1
st
quarter,
 
business
 
has
 
improved
•
Asian
 
imports
 
increasing;
 
sea
 
and
 
air
 
carrier
 
allocation
 
at
 
a
 
premium
•
Port
 
congestion
 
and
 
chassis
 
shortages
 
becoming
 
a
 
serious
 
issue
 
Variance
 
(YTD
 
August)
Mainfreight
 
Var
CaroTrans
 
Var
•
Revenue
1.4%
 
4.1%
(6.9)%
•
PBT
(13.1)%
 
11.1%
(55.6)%

Page
 
23
Effects•
While
 
effects
 
of
 
Covid and
 
racial
 
tension
 
have
 
divided
 
the
 
nation,
 
business
 
is
 
returning
 
to
 
“new
 
normal”
•
Transport
 
sector
 
struggling
 
to
 
find
 
drivers
Opportunities•
e
‐
Commerce
 
continues
 
to
 
increase
 
and
 
is
 
assisting
 
growth,
 
particularly
 
in
 
Warehousing
 
and
 
Air
 
&
 
Ocean
Covid
 
Impact
 
– Americas
 

Page
 
24
Transport•
Larger
 
players
 
struggling
 
with
 
driver
 
shortage
•
Mainfreight
 
still
 
managing
 
to
 
attract
 
Owner
 
Drivers
 
to
 
service
 
our
 
8
 
key
 
line
‐
haul
 
hubs
•
Our
 
LTL
 
network
 
in
 
US/Canada
 
growing
 
– 145
 
moves
 
both
 
inbound/outbound
 
weekly
 
–
with
 
increased
 
volumes
 
improving
 
truck
 
utilization
•
Strong
 
focus
 
on
 
service
 
quality
 
and
 
on
‐
time
 
performance
Warehousing•
Currently
 
7
 
Warehouses
 
– 110,000
 
sqm capacity
 
–at
 
81.5%
 
utilisation
•
64%
 
of
 
freight
 
moving
 
through
 
our
 
Transport
 
network
•
Expansion
 
likely
 
in
 
Chicago
 
(2
nd
site),
 
Atlanta,
 
Toronto,
 
Miami,
 
Philadelphia/New
 
Jersey,
 
Dallas
 
(2
nd
site)
 
due
 
to
 
strong
 
enquiry
 
levels
Segment
 
Overview
 
– Americas
 

Page
 
25
Air
 
&
 
Ocean
•
Asia/USA
 
remains
 
key
 
trade
 
route;
 
ocean
 
rates
 
increasing,
 
lifting
 
revenue
•
Separating
 
Air
 
Freight
 
out
 
at
 
4
 
main
 
branches
 
has
 
seen
 
strong
 
growth
 
in
 
product
•
Increasing
 
ocean
 
consolidations
 
– export/import
 
–improving
 
gross
 
margin
•
Customs
 
brokerage
 
division
 
continues
 
to
 
expand;
 
4
 
new
 
sites
 
brings
 
total
 
to
 
16
•
Capacity
 
constraints
 
ex
 
Asia
CaroTrans•
Wholesale
 
LCL
 
trade
 
impacted
 
globally
 
as
 
freight
 
forwarders
 
protect
 
volume
•
Strengthening
 
sales
 
team
 
numbers
 
and
 
offering
 
more
 
direct
 
services
 
for
 
export
 
LCL
•
Key
 
customer
 
focus
 
–small
 
to
 
medium
 
sized
 
forwarders
Segment
 
Overview
 
– continued
 
...

Page
 
26
Our
 
focus
 
in
 
the
 
Americas
 
remains
 
on:
•
Every
 
day
 
freight
 
–high
 
value,
 
fast
 
moving,
 
essential
 
freight
 
profiles
•
Core
 
products
 
and
 
services:
 
LCL/LTL,
 
Mainfreight
‐
to
‐
Mainfreight
 
consolidations
•
Intensified
 
efforts
 
to
 
win
 
group
 
customers
 
to
 
feed
 
the
 
Mainfreight
 
network
•
Leveraging
 
global
 
customer
 
relationships
•
Continuing
 
to
 
grow
 
our
 
sales
 
team
Growth
 
Initiatives
 
&
 
Expectations

Page
 
27
•
Difficult
 
first
 
6
 
months
 
in
 
the
 
USA
•
Recovery
 
underway,
 
business
 
returning
 
to
 
“new
 
normal”
 
activity
 
levels
•
Expect
 
second
 
half
 
to
 
reflect
 
improvement
 
and
 
growth
•
Wholesale
 
market
 
will
 
remain
 
difficult
 
for
 
CaroTrans
In
 
Summary
 
– Americas
 

Taipei
Ningbo
Shanghai
Xiamen
Shenzen
Hong Kong
Qingdao
Japan
Tianjin
Thailand
Singapore
Beijing
Khaosiung
Guangzhou
Vietnam
Malaysia
Seoul
AsiaCary
 
Chung

Page
 
29
Trading
 
Conditions
 
– Asia
 
•
Good
 
improvement
 
overall,
 
led
 
by
•
Charter
 
flights
•
Stronger
 
Europe
 
trade
‐
lane
 
volumes
•
Growth
 
of
 
“in
‐
country”
 
sales
Variance
 
(YTD
 
September
 
Est)
•
Revenue
 
21.1%*
 
•
PBT
  
61.4%
 
*
 
Including
 
inter
‐
company
 
revenues
 
– increase
 
of
 
44.0%

Page
 
30
Effects•
9
 
Asian
 
countries
 
where
 
Mainfreight
 
is
 
based
 
still
 
have
 
14
‐
day
 
quarantine
•
Japan,
 
Hong
 
Kong,
 
Singapore
 
and
 
Thailand
 
in
 
discussions
 
to
 
allow
 
essential
 
business
 
travel
 
(conditional
 
on
 
clear
 
Covid test)
Opportunities•
Expect
 
to
 
expand
 
further
 
in
 
China,
 
with
 
branches
 
in
 
Chongqing
 
and
 
Dalian;
 
will
 
defer
 
opening
 
in
 
India
 
and
 
Indonesia
Covid
 
Impact
 
– Asia
 

Page
 
31
Airfreight•
Additional
 
BSA
 
or
 
fixed
 
consolidation
 
services
 
to/from
 
European
 
and
 
Intra
‐
Asia
 
main
 
airports
•
Japan,
 
Malaysia,
 
South
 
Korea,
 
Thailand
 
and
 
Vietnam
 
now
 
IATA
 
certified
LCL•
Mainfreight
 
and
 
CaroTrans
 
to
 
increase
 
consolidation
 
services
•
Buyers
 
and
 
Sellers
 
consolidations
Sales•
Focus
 
on
 
every
‐
day
 
freight
 
for
 
airfreight
 
and
 
LCL
 
customers
 
across
 
all
 
branches
•
Continue
 
to
 
expand
 
in
‐
country
 
sales
 
branches
 
in:
•
South
 
Korea:
 
Pusan
•
China:
 
Suzhou,
 
Hangzhou
 
and
 
Zhongshan
•
Target
 
verticals
 
with
 
high
 
Asia
 
demand:
 
Food
 
&
 
Beverage,
 
Healthcare,
 
Hi
‐
Tech
Sales
 
&
 
Growth
 
Initiatives
 
– Asia
 

Page
 
32
•
Ongoing
 
in
‐
country
 
development
 
assisting
 
growth
•
Airfreight
 
growth
 
as
 
a
 
consequence
 
of:
•
Covid opportunities
•
Branch
 
separation
 
bring
 
focus
 
to
 
Air
 
vs
 
Ocean
•
Expect
 
current
 
growth
 
and
 
profit
 
trends
 
to
 
continue
In
 
Summary
 
– Asia
 

Mainfreight
 
Group
Don
 
Braid

Page
 
34
Trading
 
Update:
 
Estimated
 
Revenue
NZ$000
THIS
 
YEAR
LAST
 
YEAR
VAR
 
%
New
 
Zealand
NZ$
378,655
362,571 4.4%

Australia
AU$
403,032
360,423 11.8%

Asia
US$
43,586
35,991 21.1%

Europe
EU
€
194,097
193,766 0.2%

Americas
US$
247,466
244,039 1.4%

Group
NZ$
1,609,143
1,500,466 7.2%
*

August
 
actuals
 
plus
 
September
 
“weeklies”
26
 
weeks
 
of
 
trading
 
(1
 
Apr
 
to
 
30
 
Sep)
*
Excluding
 
FX:
 
5.2%
 
over
 
last
 
year

Page
 
35
Trading
 
Update:
 
Estimated
 
PBT*
NZ$000
THIS
 
YEAR LAST
 
YEAR
VAR
 
%
New
 
Zealand
NZ$
37,330
34,266 8.9%

Australia
AU$
30,482
15,307 99.1%

Asia
US$
4,030
2,497 61.4%

Europe
EU
€
7,146
8,046 (11.2)%

Americas
US$
8,487
9,769 (13.1)%

Group
NZ$
102,212
82,848 23.4%

*
 
Post
‐
NZ
 
IFRS
 
16
#
Excluding
 
FX:
 
21.7%
 
over
 
last
 
year
August
 
actuals
 
plus
 
September
 
“weeklies”
26
 
weeks
 
of
 
trading
 
(1
 
Apr
 
to
 
30
 
Sep)

Page
 
36
Trading
 
Update:
 
Total
 
Company
•
Outlook
 
remains
 
positive
 
with:
•
Increasing
 
domestic
 
Transport
 
volumes
•
Improving
 
customer
 
sales
 
and
 
demand,
 
increasing
 
pressure
 
across
 
sea
 
and
 
air
 
freight
 
capabilities
•
Increased
 
enquiry
 
for
 
Warehousing
 
solutions
•
Customer
 
expectations
 
for
 
quality/efficiency
•
However:
•
Remain
 
cautious
 
on
 
pre
‐
Christmas
 
volumes
•
The
 
effects
 
of
 
secondary
 
Covid infection
 
rates
 
impacting
 
economies
 
further

Page
 
37
Capital
 
Expenditure
•
Continue
 
to
 
be
 
conservative
•
Necessity
 
vs
 
“nice
 
to
 
have”
•
However,
 
land
 
opportunities
 
in
 
Auckland
 
and
 
Nelson
 
being
 
explored
•
Leased
 
warehouse
 
facilities
 
as
 
required
•
New
 
Zealand
 
/
 
Australia
 
/
 
USA
•
Tauranga
 
site
 
an
 
example
 
of
 
continued
 
investment
 
in
 
network
 
and
 
high
 
quality
 
facilities
 
–helps
 
attract
 
customers
•
Likely
 
to
 
increase
 
capital
 
spend
 
in
 
F22

Page
 
38
Current
 
Net
 
Debt
Net
 
debt
 
of
 
$115
 
million
Undrawn
 
facilities
 
of
 
$250
 
million
NET
 
DEBT
NET
 
DEBT

Page
 
39
Global
 
Supply
 
Chain
 
Status
•
Air
 
freight:
 
•
Improvement
 
in
 
space
 
availability
 
as
 
flights
 
increase
•
Rate
 
structures
 
more
 
consistent
 
but
 
still
 
high
•
Sea
 
freight
•
Delays
 
as
 
space
 
allocations
 
tighten
 
/
 
equipment
 
shortages
•
Freight
 
rates
 
increasing
 
as
 
a
 
consequence
•
Warehousing
•
Enquiry
 
continues
 
to
 
strengthen
•
Inventory
 
levels
 
impacted
 
due
 
to
 
stronger
 
sales,
 
uncertainty,
 
shipping
 
and
 
manufacturing
 
issues
•
Transport
•
Domestic
 
freight
 
volumes
 
strong
 
in
 
New
 
Zealand
 
/
 
Australia
•
Improving
 
in
 
Europe
 
/
 
USA

Page
 
40
Priorities
 
and
 
Actions
•
Continuation
 
of
 
strong
 
sales
 
focus
•
High
 
standards
 
of
 
quality
 
services;
 
flight
 
to
 
quality
 
remains
•
Volume
 
improvement
 
brings
 
greater
 
certainty
•
Confidence
 
to
 
further
 
intensify
 
domestic
 
networks
•
Increased
 
capital
 
expenditure
 
in
 
F22
•
Emphasis
 
remains
 
on
 
managing
 
overheads
•
Cash
 
flows
 
/
 
cash
 
collection
 
/
 
cost
 
and
 
margin
 
management
•
European
 
wage/salary
 
review
 
applied
 
from
 
1
 
October
•
Directors’
 
fees
 
and
 
Managing
 
Director
 
salary
 
restored
 
to
 
full
 
levels
 
from
 
1
 
October

Page
 
41
To
 
Close
 
...
•
Satisfactory
 
half
 
year
 
result
 
(to
 
be
 
reported
 
11
 
November)
•
Remain
 
cautiously
 
optimistic
 
that
 
trading
 
conditions
 
will
 
continue
 
to
 
improve

THANK
 
YOU

---

MAINFREIGHT LIMITED

Mainfreight Lane | off Saleyards Road | Otahuhu 1062 | New Zealand
Tel +64 9 259 5500 | Fax +64 9 270 7400
PO Box 14-038 | Panmure | Auckland 1741 | New Zealand


Supporters of
MAINFREIGHT – GLOBAL LOGISTICS


NZX MARKET RELEASE


14 October 2020


MAINFREIGHT LIMITED – INVESTOR DAY / MARKET UPDATE


Mainfreight Limited (NZX: MFT) has included a market update in its Investor Day
presentation given by the Group Managing Director and Executives this morning.
 

The market update covers 26 weeks of trading, and is an estimate provided in advance
of the F21 half-year results to 30 September 2020, which will be released on
Wednesday, 11 November 2020.

 Estimated revenue for the 26 weeks has improved 7.2% to $1.6 billion
 Estimated profit before tax for the 26 weeks has improved 23.4% to $102 million

Full details are provided in the accompanying Investor Day presentation pack.

Tim Williams
Group Chief Financial Officer
T: +64 9 259 5510
E: tim@mainfreight.com



Mainfreight Limited
2 Railway Lane, Otahuhu, Auckland 1062
PO Box 14038, Panmure, Auckland 1741