DPDHL-高盛虚拟欧洲工业会议（英）-2021-67页_5mb

DPDHL Group Summary

Core Content

DPDHL Group, a global logistics powerhouse, operates in over 220 countries and is a leader in e-commerce logistics. The company emphasizes sustainable and reliable growth, with a focus on digital transformation, environmental responsibility, and strong shareholder returns.

Strategic Focus

• Strategy 2025: Sustainability is integral to all dimensions of the company's operations. The roadmap includes reducing CO2 emissions, enhancing employee engagement, and improving safety and diversity.
• Divisional Deep-Dives:
  • DHL Express: Focuses on Time Definite International (TDI) services, with a strong network and dedicated air operations.
  • DHL Global Forwarding, Freight (DGFF): Specializes in air, ocean, and road freight, with a focus on improving EBIT/GP conversion and operational efficiency.
  • DHL Supply Chain (DSC): Offers end-to-end supply chain solutions, emphasizing digitalization and e-commerce fulfillment.
  • DHL eCommerce Solutions (DeCS): Drives growth through B2C e-commerce logistics, with a strong focus on sustainability and efficiency.
  • P&P Germany: Maintains high parcel volumes and network capacity, with a focus on green delivery options and customer engagement.

Financial Performance

• Group Revenue (Q3 2021): €20,036m, up +23.5% year-over-year.
• Group EBIT (Q3 2021): €1,771m, up +29% year-over-year.
• Divisional EBIT Growth (Q3 2021):
  • DHL Express: €971m (+29%)
  • DGFF: €372m (>100%)
  • DSC: €142m (+27%)
  • DeCS: €91m (+20%)
  • P&P Germany: €300m (-6%)
• Group Functions / Consolidation: €-105m (<-100%)

Financial Guidance

• 2021 Guidance:
  • EBIT: >7.7bn
  • Free Cash Flow: >3.6bn
  • Gross Capex (excl. leases): ~3.9bn
• 2023 Mid-term Guidance:
  • Group EBIT: >8.0bn
  • Free Cash Flow (2021-2023): ~10bn
  • Gross Capex (2021-2023): ~11bn

Sustainability Initiatives

• CO2 Emissions: Target to reduce to <29m tonnes CO2e by 2030.
• Green Solutions:
  • Electrify 60% of last-mile delivery vehicles by 2030.
  • Increase sustainable fuel share in line-haul to >30%.
  • Carbon-neutral design for new buildings.
• Green Aviation: DHL Express ordered 12 all-electric aircrafts and started regular SAF supply.
• Green Line-Haul: BioLNG/CNG trucks in operation, with green solutions in development.
• Green Last-Mile: >40% of P&P Germany vehicles are electrified, with a focus on delivery efficiency.
• Green Facilities: >25% of DSC facilities are already carbon-neutral, with 25 fully carbon-neutral P&P depots.

ESG Integration

• Employee Engagement: Achieved >80% score in the Employee Opinion Survey, with a focus on inclusivity and safety.
• Diversity: Target to increase the share of women in management to 30% by 2025.
• Safety: Aim to reduce LTIFR to <3.1 by 2025.
• Compliance: Mandatory training for all employees on compliance and data protection.
• Management Incentives: 30% of board variable pay is tied to ESG targets.

Digital Transformation

• IT Renewal Roadmap (IRR): Includes new TMS, paperless forwarding, and advanced analytics.
• Digital Customer Interaction: myDHLi platform provides 360° visibility, collaboration, and shipment tracking.
• Digitalization in Operations: Over 1,700 projects deployed, with 750+ collaborative robots and 15,000+ smart wearable devices.

Shareholder Returns

• Dividend Policy: Maintains a payout ratio between 40-60% of net profit.
• 2020 Dividend: €1.35 per share, with a 49% pay-out ratio.
• Share Buyback Program: Up to €1bn, initiated in May 2021, with a 12-month schedule.
• Liquidity: Strong balance sheet with Net Debt / EBITDA of 1.5x (as of Dec 31, 2020), €4.5bn in cash, and €2.0bn in syndicated credit facility.

Market Position and Growth

• B2B Recovery: Continued across all DHL divisions, with strong growth in e-commerce and other logistics solutions.
• E-commerce Volumes: Plateaued on elevated levels, with a >30% increase in volumes compared to 2019.
• Global Expansion: DHL Express is the #1 World’s Best Workplace, with a strong presence in B2C and B2B markets.

Key Financial Metrics

• Cost Management: Addressed cost inflation through yield management and contract optimization.
• Capital Expenditure: Slightly increasing from FY 2020 levels, driven by new business and digital investments.

Corporate Culture and Recognition

• Great Company to Work For: Certified by Great Place to Work, with >83% of employees in certified workplaces.
• Employee Engagement: Reached an all-time high of 84% in 2021.
• Trust and Compliance: Ensures transparent and compliant business practices globally.

Future Outlook

• Technology and Innovation: Continued investment in digital solutions and green logistics.
• Sustainability Targets: Integrated into management reporting and performance metrics.
• Operational Excellence: Focus on efficiency, reliability, and customer satisfaction.

Summary

DPDHL Group is a leader in global logistics, with a strong strategic focus on sustainability, digitalization, and shareholder returns. The company's financial performance in Q3 2021 showed significant growth across all divisions, with a strong emphasis on reducing emissions, enhancing employee engagement, and leveraging technology to improve operational efficiency. The company is well-positioned for continued growth and is executing on its Strategy 2025 to become a more sustainable and efficient logistics provider.