Csx Corporation · NASDAQ:CSX
Csx — Wolfe Research Global Transportation Conference 2017
10 slides from Csx's conference presentation, May 23, 2017
Slide 1: CSX Corporation: Progressing Forward
CSX CORPORATION WOLFE RESEARCH GLOBAL TRANSPORTATION CONFERENCE Progressing Forward
Slide 2: Forward Looking Disclosure
Forward Looking Disclosure This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost
Slide 3: Non-GAAP Disclosure
Non-GAAP Disclosure CSX reports its financial results in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). CSX also uses certain non-GAAP measures that fall within the meaning of Securities and Exchange Commission Regulation G and Regulation S-K It
Slide 4: Precision Scheduled Railroading drives benefits
Precision Scheduled Railroading drives benefits Improve Operate Control Drive Asset Develop Service Safely Costs Utilization People Operational Focus Service Improvements & Productivity Improvements Balanced Improved Better Rolling Stock People Train Plan Frequency Reliability Utilization Efficiency
Slide 5: Expecting significant Merchandise service gains
Expecting significant Merchandise service gains Relentless focus on reducing 2016 CSX Revenue Merchandise car cycle time Merchandise Coal Intermodal ― Balanced plan helps increase reliability and predictability of service ― Reduces asset intensity; increases speed to market for customers $1,833M 1
Slide 6: Service and efficiency improvements already evident
Service and efficiency improvements already evident Train Velocity Terminal Dwell % On-time % On-time (mph) (hours) Originations Arrivals 22.3 26.2 91.6 87.6 19.6 79.1 23.3 57.8 14% Improvement 11% Improvement 16% Improvement 52% Improvement WK 9 WK 19 WK 9 WK 19 WK 9 WK 19 WK 9 WK 19 Train Count Do
Slide 7: Customer facing measures also significantly better
Customer facing measures also significantly better % Premium % Automotive Merchandise Velocity Intermodal Availability (mph) Availability 97.4 20.7 86.0 90.9 17.2 74.9 7% Improvement 15% Improvement 20% Improvement WK 9 WK 19 WK 9 WK 19 WK 9 WK 19 7
Slide 8: Driving record efficiency through operating changes
Driving record efficiency through operating changes CSX Hump Terminals Reducing train counts and Transitioning operations to flat-switching merchandise handlings Transitioned to flat-switching operations ― Five hump conversions complete, two Hump Terminals in progress; others being considered In P
Slide 9: Operating changes help drive financial targets
Operating changes help drive financial targets 2017 full-year adjusted expectations (excludes impact of 2017 restructuring charges) ― Operating ratio to be in the mid-60s, supported by record efficiency gains ― Earnings per share growth to be around 25% off 2016 reported base of $1.81 ― Free Cash
Slide 10: CSX Corporation: Progressing Forward
CSX CORPORATION WOLFE RESEARCH GLOBAL TRANSPORTATION CONFERENCE Progressing Forward
CSX — Wolfe Research Global Transportation Conference 2017 on 6ix