Panalpina Annual Report 2011

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Panalpina at a glance The Panalpina Group is one of the world’s leading providers of supply chain solutions, combining intercontinental air and ocean freight with comprehensive Value-Added Logistics Services and Supply Chain Services. Thanks to its in-depth industry know-how and customized IT systems, Panalpina provides globally integrated end-toend solutions tailored to its customers’ supply chain management needs. Panalpina operates a global network with some 500 branches in more than 80 countries. In a further 80 countries, it cooperates closely with partner companies. Panalpina employs approximately 15,500 people worldwide. Panalpina’s business model: focussed to deliver end-to-end supply chain solutions Standard Warehousing Core Services Supply Chain Services Air and Ocean Freight Value-Added Logistics Services Vision We deliver reliable supply chain solutions that provide value to our customers – every time. Core values Performance – is our continuous commitment to long-term sustainable development and financial success: We aspire to out-play competition. Integrity – is the compass which drives our behavior and attitude towards each other and our customers: We keep our promises and comply with the rules. Professionalism – is how we create value for our customers through our solutions and by anticipating their business needs: We know our business and create value for our stakeholders. Overland
Key figures 2011 Net forwarding revenue per product division Air Freight Ocean Freight Logistics Net forwarding revenue of CHF 6,500 million Currency adjusted gross profit increase by 12 % year-on-year, supported by organic growth across all regions and product divisions Consolidated profit of CHF 127 million Net working capital intensity at all-time low of 1.1 % Forwarding volumes: 848,000 tons in Air Freight (– 5 % year-on-year) and 1,310,000 TEUs in Ocean Freight (+ 6 % year-on-year) Returns 36% 14% 50% in % 2011 2010 Return on equity (ROE) 14.9 – 3.1 Return on capital employed (ROCE) 43.2 – 5.4 Net forwarding revenue per region Europe, Middle East, Africa and CIS North America Central and South America 19% 13% 49% Asia Pacific 19% Share price development in comparison to SPI Swiss Performance Index (SPI) Panalpina World Transport Dec 31, 2010 Mar 1 May 1 Jul 1 Sep 1 Nov 1 Dec 31, 2011 110% 100% Panalpina Annual Report 2011 90% 80% 70% 60%
Page 1 and 2: Annual Report 2011 A passion for so
Page 3: Five-year development in million CH
Page 7 and 8: Letter to Shareholders Panalpina An
Page 9 and 10: Executive Board (clockwise): Monika
Page 11 and 12: Panalpina’s headquarters closer t
Page 13 and 14: Gross profit per region (2011) Euro
Page 15 and 16: Non-current assets Panalpina’s no
Page 17 and 18: Group Management Structure As at De
Page 19 and 20: Report of the Executive Board North
Page 21 and 22: Logistics Key figures Generated 14
Page 23 and 24: Tim Bauer Lane Manager for Air Frei
Page 25 and 26: Samia Guerroumi Procurement and Cap
Page 27 and 28: Jasmine Medhora of Panalpina’s Pa
Page 29 and 30: Marco Parnitzke Booking Agent for L
Page 31 and 32: Panalpina Annual Report 2011
Page 33 and 34: Success factors as growth drivers 2
Page 35 and 36: Highest compliance standard Our cor
Page 37 and 38: Europe, Middle East, Africa and CIS
Page 39 and 40: Automotive Continued growth of volu
Page 41 and 42: Discovering and developing leadersh
Page 43 and 44: are specifically designed for emplo
Page 45 and 46: Procurement Strong subcontractor re
Page 47 and 48: Poland award in the 9th Logistics P
Page 49 and 50: Previous goals included 5 % reducti
Page 51 and 52: Social Commitment Responsibility to
Page 53 and 54: 2 Capital structure 2.1 Capital On
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and Sales Scandinavia and from 1986
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and other selected senior managemen
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Board since October 2006. Responsib
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The voting restrictions do not appl
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Global Reporting Initiative www.pan
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Contents Consolidated Financial Sta
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Consolidated Financial Statements 2
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Consolidated Statement of Changes i
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Consolidated Statement of Cash Flow
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Intangible assets Consolidated Fina
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Amortized cost of financial instrum
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Cash and cash equivalents and other
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2010 (in million CHF) Europe, Middl
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Management Incentive Plan 09 / 10 (
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9 Board of Directors Restricted Sto
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The Group’s effective tax rate ca
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14 Property, plant and equipment Co
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A summary of the goodwill allocatio
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The table below shows the Group’s
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20 Trade receivables Consolidated F
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Derivative financial instruments ar
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25 Borrowings Consolidated Financia
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2010 (in thousand CHF) Employee ben
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2010 (in thousand CHF) Annual salar
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30 Business combinations/disinvestm
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Company Registered Currency Consoli
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Company Registered Currency Consoli
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Panalpina World Transport (Holding)
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Key Figures in EUR Five-year review
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Balance Sheet as of December 31 (be
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Participations Annual Financial Sta
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Annual Financial Statements 2011 Fu
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Panalpina World Transport (Holding)
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Ordinary gross dividend payments Fi
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Imprint Panalpina World Transport (
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Panalpina Annual Report 2011

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