Schneider National, Inc. · NYSE:SNDR
Schneider National — Q2 2022 Earnings Presentation
16 slides from Schneider National's earnings presentation, Jul 28, 2022
Slide 1: Investor presentation Second quarter 2022
Investor presentation Second quarter 2022
Slide 2: Disclaimer and forward-looking statements
Investor relations Steve Bindas, Director 920-357-SNDR contact information investor@schneider.com Disclaimer and forward- Special Note Regarding Forward-Looking Statements This presentation, and certain information that management may looking statements discuss in connection with this presentation,
Slide 3: Current quarter and the path forward
Current quarter “Our enterprise delivered solid earnings performance in the second quarter, illustrating the utility and momentum of our multimodal platform,” said Mark Rourke, Chief Executive Officer and President of Schneider. “Two of our strategic growth offerings crossed meaningful milestones in
Slide 4: Leading North American transportation services company
Leading North American Iconic Orange Brand transportation services › A $5.6 billion company founded in 1935 in Green Bay, WI with a long-standing history of service, reliability, and supply-chain company value creation. › Comprehensive North American footprint with industry leading safety, culture,
Slide 5: Schneider overview
over 9,300,000 freight miles per day Schneider overview 87 years in business (founded in 1935) $5.6 billion annual operating revenues drivers who’ve driven over 6,416 one million miles safely current drivers who’ve driven over 938 one million miles safely number of times Schneider loads over 378 cir
Slide 6: Second quarter 2022 Key Takeaways
Second quarter 2022 Key Takeaways › Truckload revenues increased 20% compared to 2Q21 due to Midwest Logistics Systems revenues, effective yield management, and dedicated new business growth, partially offset by lower network miles. Truckload operating ratio was 85.9% in 2Q22 compared to 84.5% in 2Q
Slide 7: Diversity of customers and end-markets served supports resiliency and growth
Diversity of customers and end-markets served supports resiliency and growth through business cycles Diverse end-market footprint: 2021 Revenues (xFSC)1 Broadening customer base: change in customer concentration1 Food and Retail 22% Beverage 13% 28% 51% 10% Consumer Products 9% 11% 62% 38% Home Impr
Slide 8: Multi-modal provider of significant size and scale
Multi-modal provider of $5,164 significant size and scale $4,454 277 $4,281 $4,235 $3,997 209 Enterprise revenues (xFSC) 1,2 262 280 196 1,809 1,024 935 1,129 834 956 780 1,008 1,143 975 2,187 2,265 2,077 1,851 1,935 2017 2018 2019 2020 2021 Truckload Intermodal Logistics Other3 $533 Adjusted income
Slide 9: ESG: a shared commitment to a sustainable future
ESG: a shared commitment We are committed to operating one of the most energy efficient fleets in North America. to a sustainable future › Utilizing diverse modes of transportation. › Collaborating with the most energy-efficient railroads and third-party carriers. › Relentlessly working to improve M
Slide 10: Schneider: technology is in our DNA
Schneider: technology Every day, our freight technology and innovation for shippers, carriers, and drivers automates processes, enables visibility, and delivers is in our DNA powerful insights to maximize efficiency on every shipment. Company drivers In-cab tablet Order Execution Financials Shippers
Slide 11: Appendix
SCHNEIDER Appendix
Slide 12: Non-GAAP reconciliation – revenues excluding fuel surcharge
Non-GAAP reconciliation – revenues excluding fuel surcharge1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 2Q22 2Q21 Operating revenues $4,384 $4,977 $4,747 $4,553 $5,609 $1,747 $1,361 Less: Fuel surcharge revenues 386 523 466 318 445 249 110 Revenues (excluding fuel surcharge) $3,997 $4,454 $4,281 $4,235
Slide 13: Non-GAAP reconciliation – adjusted income from operations
Non-GAAP reconciliation – adjusted income from operations1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 2Q22 2Q21 Income from operations $280 $376 $208 $287 $534 $177 $126 Litigation and audit assessments2 - 6 - 13 (14) (2) - Goodwill impairment3 - 2 35 - 11 - - Duplicate chassis costs4 15 - - - - - - WS
Slide 14: Non-GAAP reconciliation – adjusted net income
Non-GAAP reconciliation – adjusted net income1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 2Q22 2Q21 Net income $390 $269 $147 $212 $405 $130 $107 Litigation and audit assessments - 6 - 13 (14) (2) - Goodwill impairment - 2 35 - 11 - - Duplicate chassis costs 15 - - - - - - WSL contingent (14) - - - - -
Slide 15: Non-GAAP reconciliation – adjusted EBITDA
Non-GAAP reconciliation – adjusted EBITDA1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 2Q22 2Q21 Net income $390 $269 $147 $212 $405 $130 $107 Provision for (benefit from) (127) 96 51 71 137 43 36 income taxes Interest expense – net 17 13 8 10 10 2 3 Depreciation and amortization 279 291 293 291 296 86
Slide 16: Non-GAAP reconciliation – free cash flow and adjusted diluted EPS
Non-GAAP reconciliation – free cash flow1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 2Q22 2Q21 Net cash provided by $461 $567 $636 $618 $566 $218 $154 operating activities Purchases of (389) (385) (335) (275) (399) (99) (135) transportation equipment Purchases of other (33) (37) (62) (50) (50) (8) (13)