Schneider National, Inc. · NYSE:SNDR
Schneider National — Q2 2025 Earnings Presentation
32 slides from Schneider National's earnings presentation, Jul 31, 2025
Slide 1: Investor Presentation Second Quarter 2025
Investor Presentation SECOND 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
Business Overview WHO WE ARE 3
Slide 4: Schneider: by the numbers
GOTH ANNIVERSARY? SCHNEIDER: by the numbers ALL THIS COULDN'T BE DONE WITHOUT. 9.1 MILLION frelght miles circle the globe zer0 emission miles per day per day 99.99% 6 thett-free loads MILLION equipment 12,500 mpany tractors 54,400 ny trailers 280 19% 90 properties associates years in worldwide with
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
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 first and always. Robust, ongoing safety training and protocols, and trucks with the most advanced safety technology in the industry. Respect for all. Schneider Foundation donations exceeded $9 million in the last five years
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 2024, Schneider offered its services to approximately 7,850 customers, including nearly 134 Fortune 500 companies. 22 of Schneider’s top 25 customers used services from all three reportable
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. Dedicated Dedicated $1,411 Intermodal Intermodal Dollars in millions. See Appendix for non-GAAP reconciliations. 10
Slide 11: Differentiators
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 27,000 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
DIFFERENTIATORS 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 co
Slide 17: Our Strategy
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: Schneider's 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 delivering long-term shareholder value
Share repurchase program Committed to disciplined capital deployment and delivering long-term shareholder value. • Announced a $150 million, 3-year share repurchase program in February 2023; a complementary component to our capital allocation strategy. • Approximately $46.1 million remaining authori
Slide 21: Our 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. • Identified $40 millio
Slide 24: Current Results and Outlook
Current Results and Outlook HOW WE DELIVER 24
Slide 25: Current Results
Current Results We delivered another quarter of earnings growth driven by solid execution, particularly in Truckload and Intermodal. The cumulative benefit of the actions we have taken to structurally improve the earnings power of the business, momentum in our strategic growth priorities and accreti
Slide 26: 2Q25 Enterprise Results
2Q25 Enterprise Results Operating revenues Revenues excluding fuel surcharge • Revenues excluding fuel surcharge of $1.3 billion were the second highest for a second quarter in Schneider history. • 9% improvement in adjusted income from operations year-over- year. • Adjusted operating ratio of 95.6%
Slide 27: 2Q25 Truckload Results
Revenues excluding Income from 2Q25 Truckload Results fuel surcharge operations • Dedicated average trucks grew 27% year-over-year driven primarily by our Cowan acquisition. • Revenues excluding fuel surcharge increased 15% year-over-year due to the acquisition of Cowan Systems and higher revenue pe
Slide 28: 2Q25 Intermodal Results
Revenues excluding Income from 2Q25 Intermodal Results fuel surcharge operations • Revenues excluding fuel surcharge increased 5% year-over-year driven by volume growth of 5%. • Income from operations increased 10% year-over-year. In addition to volume growth, decreased purchased transportation cost
Slide 29: 2Q25 Logistics Results
Revenues excluding Income from 2Q25 Logistics Results fuel surcharge operations • Revenues excluding fuel surcharge increased 7% year-over-year due to the acquisition of Cowan Systems and Power Only growth offset by pressure on brokerage volumes. • Income from operations decreased 29% year-over-year
Slide 30: Outlook
Outlook Our results for the second quarter played out largely as expected and reflect the earnings growth strategies we are employing. While we expect to deliver year-over-year improvement in our earnings in 2025, the timing and impact of trade, legislative and regulatory Darrell Campbell policy rem
Slide 31: Appendix
ISCHNEIDER' ATH ANNIVERSARY, Appendix
Slide 32: Non-GAAP Recon
Non-GAAP Recon—Revenues Excluding Fuel Surcharge1 Non-GAAP Recon—Adjusted Income from Operations1 ($M) FY17 2Q24 2Q25 FY24 ($M) 2Q24 2Q25 Operating revenues $4,384 $1,317 $1,421 $5,291 Income from operations $51 $55 Less: fuel surcharge 386 149 139 576 Amortization of intangible assets2 1 2 revenues