Slide 1: COVID-19 Business Update
COVID-19 BUSINESS UPDATE March 26, 2020
Slide 2: Introduction
INTRODUCTION The COVID-19 pandemic continues to evolve rapidly. Our sincere thoughts and prayers go out to all of those affected by COVID-19, as well as the inspiring and dedicated healthcare workers and first responders who are on the front lines for our citizens. While the eventual outcome remains
Slide 3: Business Update
BUSINESS UPDATE One-Way Truckload (3,370 trucks, 12/31/19) January 2020 and February 2020 freight demand were seasonally normal and slightly lower than the same period a year ago. March 2020 freight demand has not declined sequentially from February as we expected it would, due in part to increased
Slide 4: COVID-19 Preparedness Update
COVID-19 PREPAREDNESS UPDATE Transportation is designated by the U.S. government as an essential industry for keeping the U.S. supply chain moving during COVID-19. Werner drivers and non-driver associates take tremendous pride in this important responsibility. The morale of our associates remains
Slide 5: Balance Sheet and Liquidity Update
BALANCE SHEET AND LIQUIDITY UPDATE As of March 26, 2020 Available Cash $61M Total Current Debt Outstanding $250M1 Stockholders’ Equity $1.1B2 Total Current Debt Outstanding to 2019 EBITDA 0.5x1,2 Credit Capacity and Liquidity Two Bank Credit Agreements that Expire in May 2024 $500M One Bank Credit A
Slide 6: Keeping America Moving Through This Challenging Time
KEEPING AMERICA MOVING THROUGH THIS CHALLENGING TIME We are proactively leveraging our talent and technology to quickly and effectively adapt to changes in the freight market These are trying times that test organizations. In recent As an essential industry, we are taking proactive steps to keep
Slide 7: Disclaimers
DISCLAIMERS This Werner Enterprises, Inc. (“Company”) presentation is solely for your information and is subject to change and speaks only as of the date hereof. No representation or warranty, expressed or implied is made and you should not place undue reliance on the accuracy, fairness or completen
Slide 8: Werner
WERNER WE KEEP AMERICA MOViNGe For more information visit Werner.com | fi ¥ fin{ S|