Schneider National, Inc. · NYSE:SNDR
Schneider National — Q4 2025 Earnings Presentation
32 slides from Schneider National's earnings presentation, Jan 29, 2026
Slide 1: Investor Presentation Fourth Quarter 2025
Investor Presentation FOURTH QUARTER 2025
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements Special Note Regarding Forward-Looking Statements This presentation and certain information that management may discuss in connection with this presentation, may include “forward-looking statements,” as defined in the Private Securities Litigation Reform Act
Slide 3: Business Overview: Who We Are
Business Overview WHO WE ARE 3
Slide 4: Schneider: by the numbers
OTH ANNIVERSARY SCHNEIDER: by the numbers 9.6 MILLION froight miles per day 280 24% properties associates years in worldwide with business rnilitary founded ‘experience in 1935) ALL THIS COULDN BE DONE WITHOUT "equipment
Slide 5: Experienced leadership, committed to growth and delivering shareholder value
Experienced leadership, committed to growth and delivering shareholder value. Mark Rourke • President and Chief Executive Officer since 2019, previously serving as Executive Vice President and Chief Operating Officer. • Started at Schneider in 1987 as a Service Team Leader. • Has held a variety of l
Slide 6: Our multimodal platform, comprised of three reportable segments
Our multimodal platform, comprised of three reportable segments, allows us to deliver scalable capacity and creative solutions for our customers and value for our shareholders. Truckload Segment Over the road North America freight transportation via dry van, bulk, temperature-controlled and flat-bed
Slide 7: Schneider has an expansive North American footprint
Schneider has an expansive North American footprint with industry-leading safety, culture and performance. Mission • Safe, courteous, hustling associates delivering superior experiences that excite our customers. Vision • Driven by our uncompromising values to deliver the goods that enhance the live
Slide 8: As a responsible company, Schneider lives out its core values daily
As a responsible company, Schneider lives out its core values daily. Safety. Robust, ongoing safety training and protocols, and trucks with some of the most advanced safety technology in the industry. Respect. Schneider Foundation donations exceeded $9 million in the last five years, strengthening c
Slide 9: Our diversity of customers and end-markets served supports resiliency
Our diversity of customers and end-markets served supports resiliency through business cycles. As of December 2025, Schneider offered its services to approximately 7,400 customers, including approximately 135 Fortune 500 companies. 22 of Schneider’s top 25 customers used services from all three repo
Slide 10: Our portfolio shaping is built on diligent capital allocation
Our portfolio shaping is built on diligent capital allocation, pursuit of profitable growth and delivering stakeholder value. Dollars in millions. See Appendix for non-GAAP reconciliations. 10
Slide 11: Differentiators: What Sets Us Apart
Differentiators WHAT SETS US APART 11
Slide 12: Enterprise differentiation from the synergistic value of our multimodal portfolio
Enterprise differentiation from the synergistic value of our multimodal portfolio of services. Our unique strengths drive customer and shareholder value. Size and scale of complementary multimodal services provide optionality and flexibility of customer solutions, industry-leading service and growin
Slide 13: Truckload consists primarily of dedicated contract configurations
Truckload consists primarily of dedicated contract configurations, complemented by a trailer-centric network operation. Dedicated • Contracted, reliable and flexible capacity through freight cycles, including specialty services and equipment. • Multi-year contracts with over 90% renewal rates, servi
Slide 14: Intermodal delivers sustainable transportation
Intermodal delivers sustainable transportation by leveraging company-owned containers and chassis, company dray drivers and strategic rail relationships. • Experienced, scaled and reliable; one of the largest publicly-held intermodal carriers in North America. • Approximately 26,400 company-owned co
Slide 15: Logistics integrates all aspects of customer supply chains
Logistics integrates all aspects of customer supply chains to manage performance, minimize risk and maximize efficiencies. • Innovative technology and digital connectivity between our vast carrier and shipper networks for increased efficiency and visibility. • Resolving customers’ capacity needs thr
Slide 16: Continually enhancing our technology and digital solutions
DIFFERENTIATO RS Continually enhancing our technology and digital solutions to stay flexible and ahead of the evolving needs of our customers, shippers and associates. • Our proprietary Schneider FreightPower® platform drives growth by advancing and simplifying core business processes, eliminating c
Slide 17: Our Strategy: Where We Are Going
Our Strategy WHERE WE ARE GOING 17
Slide 18: Our strategy centers around delivering a superior portfolio of services
Our strategy centers around delivering a superior portfolio of services, driving sustainable growth in revenue and earnings and long-term shareholder value. Strategic framework Optimize capital allocation across our strategic growth priorities of Dedicated, Intermodal and Logistics. Includes both or
Slide 19: Strategic growth drivers are Dedicated, Intermodal and Logistics
Schneider’s strategic growth drivers are Dedicated, Intermodal and Logistics. We have purposefully reshaped our multimodal portfolio since our April 2017 IPO to enable resiliency through cycles. 19
Slide 20: Committed to disciplined capital deployment and long-term shareholder value
Share repurchase program As of December 31, 2025* Committed to disciplined capital deployment and delivering long-term shareholder value. • Repurchased approximately 4.4 million Class B shares for approximately $110 million to date under the prior authorization. • Announced a new $150 million, 3-yea
Slide 21: Use-of-cash strategy is a balanced approach
Schneider’s use-of-cash strategy is a balanced approach to drive growth, shareholder returns and resilient financial performance. Dollars in millions. See Appendix for non-GAAP reconciliations. * Net debt leverage is used by the Company for debt covenant purposes which are in filed agreements with t
Slide 22: Trends that drive our strategy and future growth
Trends that drive our strategy and future growth. Truckload Trend: Customers value committed contract freight to ensure reliability and resiliency in their supply chains. Schneider Response • Operate a scaled Network business that delivers value in the irregular route freight market. • Grow and inve
Slide 23: Why invest in SNDR?
Why invest in SNDR? Positioned for value creation and growth at the forefront of the transportation industry. Executing on structurally improving the financial returns of the business. • Leaning into the most resilient parts of our portfolio such as Dedicated and Intermodal. • Achieved $40 million
Slide 24: Current Results and Outlook
Current Results and Outlook HOW WE DELIVER 24
Slide 25: Current Results
Current Results Fourth quarter results fell short of our guidance as a result of softer than expected market conditions beginning in November. There was strong improvement in late December, a direct result of the accelerated capacity attrition seen in recent Mark Rourke months. We expect the full im
Slide 26: 4Q25 Enterprise Results
4Q25 Enterprise Results Operating revenues Revenues excluding fuel surcharge • Revenues excluding fuel surcharge of $1.3 billion grew 4% year- over-year. • 15% decline in adjusted income from operations year-over-year largely driven by a truncated peak season, as well as spiking third party carrier
Slide 27: 4Q25 Truckload Results
Revenues excluding Income from 4Q25 Truckload Results fuel surcharge operations • Dedicated average trucks grew 18% year-over-year driven primarily by our Cowan acquisition. • Revenues excluding fuel surcharge increased 9% year-over-year due to the acquisition of Cowan Systems offsetting the headwin
Slide 28: 4Q25 Intermodal Results
Revenues excluding Income from 4Q25 Intermodal Results fuel surcharge operations • Revenues excluding fuel surcharge declined 3% year-over-year as volume growth of 3% was more than offset by impacts to revenue per order from mix. • Income from operations increased 5% year-over-year driven by solid c
Slide 29: 4Q25 Logistics Results
Revenues excluding Income from 4Q25 Logistics Results fuel surcharge operations • Revenues excluding fuel surcharge increased 2% year-over-year due to the acquisition of Cowan Systems, partially offset by lower legacy brokerage volumes. • Income from operations decreased 69% year-over-year driven by
Slide 30: Outlook
Outlook We are focused on building on the progress we have made to date on driving growth through differentiation and maintaining operational and capital discipline. We are entering 2026 with capacity continuing to exit the market at an accelerated pace as Darrell Campbell a result of various regula
Slide 31: Appendix
STH AVERSA Appendix aS
Slide 32: Non-GAAP Reconciliations
Non-GAAP Recon—Revenues Excluding Fuel Surcharge 1 Non-GAAP Recon—Adjusted Income from Operations1 ($M) FY17 4Q24 4Q25 FY25 ($M) 4Q24 4Q25 Operating revenues $4,384 $1,339 $1,400 $5,674 Income from operations $42 $37 Less: fuel surcharge 386 133 146 580 Amortization of intangible assets 2 1 2 revenu