Annual Report 2013 - Mainfreight

Targets & Achievements
Recent
Current
2012 2013
Target | status
Target | status
• Worldwide operations produce
more than $2 billion of revenue
• More than 400 branch operations
around the world
• Spend on New Zealand rail doubled
from $26 million in 2010
• Australian domestic operations
earning similar profits to those of
our New Zealand operations
• Super-site constructed in
Melbourne for Australian domestic
transport and warehousing
operations
• Mainfreight is the largest
International freight forwarder in
New Zealand and Australia
• On-line New Zealand revenue
increased to more than $5 million
per annum
• Mainfreight brand recognised
around the world
• First Southeast Asian branch
opened
• FY 2012 revenue $1.8 billion
• FY 2013 revenue $1.9 billion
• Likely to be in 2018; currently 226
• New operations in Wellington
and Palmerston North located
on rail land providing further rail
development; current spend $34
million
• Mainfreight domestic branches in
Melbourne and Sydney were our
largest profit contributors during the
2012 financial year
• Land purchased subject to due
diligence review (land purchased
and under development for a
super-site in Brisbane)
• We are trying hard!
• On-line trading is a key product
for Mainfreight to develop. We
are now capable of providing
freight services for on-line trading
all around the world, particularly
Business to Consumer
• In our considered opinion,
Mainfreight is now recognised by
a growing number of customers
and competitors in many locations
around the world
• Completed with Singapore branch
opened in October 2010; Thailand
to open later in 2013.
• Revenue of US$400 million in
Mainfreight USA and number of
owned branches doubled from 12
to 24
• CaroTrans located on five
continents
• Mainfreight is KiwiRail’s largest
customer in New Zealand
• Mainfreight Australia operations
have doubled revenue to AU$600
million
• 12 branches in our Asian network
• Asian interests produce profit
before tax of $10 million
• Another five branches opened in
our Australian Domestic business
• European Air and Sea operations
profitable
• Mexican and Canadian branches
profitable
• Further European network
expansion
• Launch new domestic software,
Mainstreet, in USA
2014
Target | status
• Revenue in the 2013 financial year
US$222 million. Owned branches
now number 41
• Achieved, currently Asia, North
America, South America, Australia
and French branch at Le Havre
opened 2012; Russia expected to
open in 2013.
• Developing; currently 4th on their
customer list
• We achieved revenue in Australia of
AU$433 million in the 2013 year
• Currently 11, soon to be 12 with
Thailand
• Likely by 2018
• Achieved
• Developing
• Both opened in 2012/2013
• Finland and Moscow branches
opened 2012; additional branches
opened in France, Poland, Romania
and Ukraine
• To be completed mid-2013
• New purpose-built facility for
Transport and Logistics in Brisbane
• We have a branch network
established throughout Southeast
Asia
• Asian interests produce sales
revenues in excess of $100 million
earning a return on revenue of 7%
• European Air & Sea operations
developed in Eastern Europe and
Russia
• Australia launches a dedicated
network for Chemcouriers
• Construction to begin on new
facilities in Melbourne
• On target for May 2014 completion
• Presence now in three Southeast
Asian countries, with Thailand due
to open mid-2013.
• Likely by 2015; Current revenue
including related party sales NZ$70
million (or US$57 million)
• Customs offices opened in St.
Petersburg and Moscow
• Development and planning
underway
• On target
48 Mainfreight | Annual Report 2013