Canadian National Railway Company · TSX:CNR

Canadian National Railway — Q1 2022 Earnings Presentation

14 slides from Canadian National Railway's earnings presentation, Apr 26, 2022

  1. Slide 1: First Quarter 2022 Financial and Operating Results

    First Quarter 2022 Financial and Operating Results April 26, 2022 TSX: CNR NYSE: CNI

  2. Slide 2: Forward-looking statements

    Forward-looking statements Certain statements included in this presentation constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws, including statements based on management’s assessment and a

  3. Slide 3: On the call today

    On the call today Tracy Robinson President and CEO Rob Reilly Chief Operating Officer Doug MacDonald Chief Marketing Officer Ghislain Houle Chief Financial Officer 3

  4. Slide 4: Tracy Robinson

    Tracy Robinson President and Chief Executive Officer

  5. Slide 5: Unlocking CN's full potential

    Unlocking CN’s full potential Running a Curating Driving Scheduled Railroad our Top Line Growth with a focus on Book of Business to Velocity with our Customers The Bottom Line Building the next generation of Railroaders 5

  6. Slide 6: Updating 2022 financial outlook

    Updating 2022 financial outlook (1)  Building operating momentum, starting in late March and through April  Planning for full-year low single-digit volume growth and a normalized Canadian grain crop this fall  Generating a full-year operating ratio below 60%  Capex will remain at 17% of revenues

  7. Slide 7: Rob Reilly

    Rob Reilly Chief Operating Officer

  8. Slide 8: Recovering fluidity on the network

    Recovering fluidity on the network  Key operating metrics are improving following harsh winter conditions  Operational fluidity driving improved customer service and lower operating costs  Strengthening resource base to accommodate strong demand expected in second half of the year Workload Car ve

  9. Slide 9: Doug MacDonald

    Doug MacDonald Chief Marketing Officer

  10. Slide 10: Demand Outlook – Broad-based growth supported by network fluidity

    Demand Outlook – Broad-based growth supported by network fluidity Merchandise Bulk Consumer Products ↑ Forest Products ↑ Western Canadian Coal ↑ International Intermodal ↑ Metals and Minerals ↑ U.S. Coal ↑↑ Domestic Intermodal ↑↑ Petroleum Products ↑ Grain ↑ Automotive ↑↑ Chemicals and Plastics ↔ Fe

  11. Slide 11: Ghislain Houle

    Ghislain Houle Chief Financial Officer

  12. Slide 12: Q1 performance driven by strong top-line growth

    Q1 performance driven by strong top-line growth  Earnings growth of 7%, despite lower volumes and higher operating costs  Revenue growth of 5%, despite lower volumes of 8%  Free Cash Flow of $571M, in line with our expectations and Q1 earnings Adjusted Diluted EPS (1) Revenues YTD Free Cash Flow

  13. Slide 13: Tracy Robinson

    Tracy Robinson President and Chief Executive Officer

  14. Slide 14: Unlocking CN's full potential

    Unlocking CN’s full potential Running a Curating Driving Scheduled Railroad our Top Line Growth with a focus on Book of Business to Velocity with our Customers The Bottom Line Building the next generation of Railroaders 14

Canadian National Railway Company — Q1 2022 Earnings Presentation on 6ix