Marten Transport, Ltd. · NASDAQ:MRTN
Marten Transport — Q4 2022 Earnings Presentation
17 slides from Marten Transport's earnings presentation, January 2023
Slide 1: Q4 2022
Q4 2022 ns “4 *
Slide 2: Disclosure
Disclosure This presentation and discussion will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates,” or similar expressions are intended to identify these forward-looking statem
Slide 3: Consistently Improving Organic Operating Results No Matter the Market Environment
Consistently Improving Organic Operating Results No Matter the Market Environment Each year since 2018 has had a very different market environment In each of the five years from 2018 through 2022, we set the then-current record for our highest annual operating revenue and operating income. We also a
Slide 4: Consistent Profitable Organic Growth During the Pandemic
Consistent Profitable Organic Growth During the Pandemic Quarter-over-quarter for the eleven consecutive quarters since the pandemic began, we have delivered consistently improving top- and bottom-line results Operating Results Since the Pandemic Began – Percentage Increase Over Same Quarter of Prio
Slide 5: Expanding Regional Operating Centers Network
Expanding Regional Operating Centers Network THE FOUNDATION of Marten’s growing business platform network designed for the best, most-efficient transportation service solutions for Marten’s customers • Truckload – regional temp and dry and OTR operating from 15 regional service centers--41% of reven
Slide 6: Marten's Solar Commitment
y val 1 Sj it Martens SolarCommrtment Tractor, Auxiliary Power Unit and Refrigerated Trailer Power Unit Integration + Nationwide Terminal and Office Installations Mondovi Memphis. Carlisle Dallas Richmond Laredo Atlanta Jurupa Valley Tampa Phoenix Kansas City’ Portland Indianapolis Otay Mesa in Part
Slide 7: Marten's Consistent Dedicated, Intermodal and Brokerage Growth
Marten’s Consistent Dedicated, Intermodal and Brokerage Growth Dedicated Revenue (excluding fuel surcharges) Intermodal Revenue (excluding fuel surcharges) In millions In millions $350 $110 $325 22% 15% $100 $300 21% 2% 22% 9% $90 $275 (9)% 3% $250 $80 20% $225 22% $70 $200 $60 $175 $150 $50 $125 $4
Slide 8: Quarterly Operating Income Growth Across Dedicated, Intermodal and Brokerage Since 2014
Quarterly Operating Income Growth Across our Dedicated, Intermodal and Brokerage Businesses Since 2014 Dedicated Operating Income Intermodal Operating Income In thousands In thousands $16,000 $5,400 880% 536% 943% $14,000 $4,600 451% 748% $12,000 705% $3,800 (21)% $10,000 >100% $3,000 $8,000 $2,200
Slide 9: Growth in Dry Regional Truckload Operations Since the Pandemic Began
Consistent Growth in Dry Regional Truckload Operations Since the Pandemic Began -We built our regional service centers with the vision to expand into dry operations – a market 5X > temp -Operating out of our Kansas City, Phoenix, Atlanta and Tampa facilities -1H ’22 expansion of our dry operations i
Slide 10: MRTN de Mexico Growth
MRTN de Mexico Growth -Results-driven performance –- operating revenue excluding fuel surcharges has increased 36% from $60.1 million for ’21 to $81.5 million for ’22 -Temperature growth history with more expansive growth in the works -Dry expansion with first loads in Feb., ’22 -Facility expansion
Slide 11: Net Capital Expenditures
Net Capital Expenditures In millions $240 $225 $220 $200 $180 $160 $141.7 $134.9 $140 $106.3 $123.7 $120 $100 $80 $60 $40 $20 $0 2019 2020 2021 2022 2023 Estimate
Slide 12: Marten People, Model and Culture/Data-Driven Measured/Disciplined Management
Marten People, Model and Culture/Data-Driven Measured/Disciplined Management COVID-19 Pandemic has required accelerated disciplined data management changes • Marten people initiate and implement our strategic vision and key strategic initiatives • Marten people developed and continuously update our
Slide 13: Consistent Record Improvement in Marten's Operating Revenue Excluding Fuel Surcharges
Consistent Record Improvement in Marten’s Operating Revenue Excluding Fuel Surcharges -2022 was the 12 th straight year with our highest operating revenue excluding fuel s/c In millions $1,100 23% $1,000 $900 8% 7% $800 9% 8% $700 4% 2% 8% $600 3% 3% 11% 5% $500 (2)% $400 16% $300 $200 $100 $0 2009
Slide 14: Consistent Record Improvement in Marten's Operating Income No Matter the Environment
Consistent Record Improvement in Marten’s Operating Income No Matter the Environment -In each of the five years from 2018 through 2022 we had the then-best operating income in our history In millions $150 28% $140 $130 $120 20% $110 $100 22% $90 9% $80 24% $70 20% (5)% (2)% $60 7% 13% (2)% $50 20% 2
Slide 15: Consistent Record Improvement in Marten's Operating Ratio, Net of Fuel S/C
Consistent Record Improvement in Marten’s Operating Ratio, Net of Fuel S/C -In each of 2020 through 2022 we achieved our then-best ratio for any year since we became a public company in 1986 94% 93.5% 93% 92.0% 92% 91.2% 91.1% 90.7% 91.0% 91% 90.6% 90.2% 89.7% 89.7% 89.7% 90% 89% 88.2% 87.8% 88% 87.
Slide 16: Consistent Improvement in Marten's Earnings Per Diluted Share
Consistent Improvement in Marten’s Earnings Per Diluted Share (1) -2022 improved 31% over 2021 31% $1.40 $1.30 $1.20 $1.10 23% $1.00 $0.90 13% $0.80 11% 62%(2) $0.70 $0.60 $0.50 10% 20% (3)% -%(2) $0.40 (2)% 23% 12% 6% $0.30 21% $0.20 $0.10 $0.00 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 201
Slide 17: Consistently Improving Organic Operating Results
Consistently Improving Organic Operating Results Nothing has changed since Chris Henry wrote this in Dec. 2018: “Quarter-over-quarter, year-over-year, Marten Transport (NASDAQ: MRTN) has delivered consistent, top quartile results. Key word is consistent. When compared to many of the others, you don’