Slide 1: Forward-Looking Statements
Forward-Looking Statements 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 2: Executive Summary
Executive Summary Michael Ward Chairman and Chief Executive Officer Second quarter performance . . . Volume 1,759K Revenue $3,064M Operating Income $1,017M Operating Ratio 66.8% EPS $0.56 Earnings Per Share Revenue declines 6% — Lower fuel recovery, volume and mix more than offset pricing gains $0
Slide 3: Financial Review: Second Quarter Results
Financial Review Fredrik Eliasson Executive Vice President Chief Financial Officer Second quarter earnings summary . . . Second Quarter Results Dollars in millions, except EPS 2015 2014 Variance Revenue $ 3,064 $ 3,244 (6%) Expense 2,047 2,247 9% Operating Income $ 1,017 $ 997 2% Interest Expense (1
Slide 4: Overall outlook for third quarter is slightly down
Overall outlook for third quarter is slightly down Outlook Markets Drivers Food & Consumer Growth in beverages shipments Favorable Intermodal Success with H2R conversions; growth with existing customers 49% of volume Minerals Construction market driving aggregate demand Agricultural Pr
Slide 5: Financial wrap-up
Financial wrap-up . . . Produced all-time record quarterly financial performance — New records for operating income, operating ratio and earnings per share Expect third quarter EPS to be relatively flat — Coal headwinds increasing; service driving continued efficiency and pricing gains Still t
Slide 6: Relentless pursuit of excellence
Relentless pursuit of excellence . . . 11