Werner Enterprises, Inc. · NASDAQ:WERN
Werner Enterprises — Merger or Acquisition (November 2022)
14 slides from Werner Enterprises's merger presentation, Nov 7, 2022
Slide 1: Acquisition of ReedTMS Logistics
Acquisition of ReedTMS Logistics November 7, 2022
Slide 2: Disclosure Statement
DISCLOSURE STATEMENT This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Lit
Slide 3: Increasing Durability and Resilience as We Grow
INCREASING DURABILITY AND RESILIENCE AS WE GROW 2016 • Derek Leathers named President and CEO • Launched 5Ts Strategy • Increased CapEx to: 2017 - Further lower fleet age, enhance truck features, improve service and our • Announced new metrics-based management performance pay program driver experien
Slide 4: Earnings Growth
EARNINGS GROWTH ADJUSTED EPS1 TRENDING $1.20 $4.00 Qtr Adj EPS $1.00 $3.50 4 Qtr Rolling Adj EPS $0.80 $3.00 $0.60 $2.50 $0.40 $2.00 $0.20 $1.50 $0.00 $1.00 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 FOCUSED
Slide 5: Dynamic Track Record of Successful Acquisitions
DYNAMIC TRACK RECORD OF SUCCESSFUL ACQUISITIONS Acquired Date July 1, 2021 November 22, 2021 October 1, 2022 November 5, 2022 $141.3M (80% ownership stake with Acquisition Price1 $62.3M $95M (including $15M earnout) $112.4M (including $7.5M earnout) option to buy remaining 20%) Business Regional Tru
Slide 6: Transaction Highlights
TRANSACTION HIGHLIGHTS Terms • 100% equity ownership in Reed Transport Services, Inc and RTS-TMS Inc, doing business as ReedTMS Logistics (ReedTMS); corporate headquarters in Tampa, FL • ReedTMS generated annual revenues of $372 million in the twelve months ended September 30, 2022 Financing • Purch
Slide 7: ReedTMS Logistics Overview
ReedTMS LOGISTICS OVERVIEW 1996 Tampa, FL $372M Founded Headquarters TTM Revenues Revenues mix 10% Freight brokerage (90%) • 65% contractual 35% transactional 11% • 47% temperature control 47% 42% dry van 35% 11% flatbed/other 65% 42% Truckload (10%) • 130 trucks/company drivers • 775 trailers 2 ope
Slide 8: Werner + Baylor + ReedTMS Pro Forma
WERNER + BAYLOR + ReedTMS PRO FORMA PREMIUM TRUCKLOAD TRANSPORTATION & LOGISTICS SERVICES PROVIDER $3.6B Total revenues1 Omaha, NE $2.4B 8,910 TTS Trucks Headquarters Market Cap1 TTS Trucks1 5,560 Dedicated1 $2.5B $1.1B 3,350 One-Way1 TTS1 Logistics1 2021 REVENUES BY SEGMENT 2021 REVENUES BY VERTICA
Slide 9: Appendix
WERNER WE KEEP AMERICA MOVING» Appendix
Slide 10: Reconciliation of Non-GAAP Financial Measures – Consolidated
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES – CONSOLIDATED (unaudited) (In thousands, except per share amounts) 10
Slide 11: Reconciliation of Non-GAAP Financial Measures – Consolidated
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES – CONSOLIDATED (unaudited) (In thousands, except per share amounts) 11
Slide 12: Reconciliation of Non-GAAP Financial Measures – Consolidated
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES – CONSOLIDATED (unaudited) (In thousands, except per share amounts) 12
Slide 13: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES 13
Slide 14: Thank you
Thank you FOR MORE INFORMATION, VISIT WERNER.COM
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