Knight-swift Transportation Holdings Inc. · NYSE:KNX
Knight-swift Transportation — Merger or Acquisition (December 2021)
7 slides from Knight-swift Transportation's merger presentation, Dec 6, 2021
Slide 1: Knight-Swift acquires LTL Carrier Midwest Motor Express (MME)
Knight-Swift acquires LTL Carrier Midwest Motor Express (MME).
Slide 2: Disclosure
Disclosure This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are made pursuant to the safe harbor provisions of the Pri
Slide 3: Non-GAAP Financial Data
Non-GAAP Financial Data This presentation includes the use of adjusted earnings per share and adjusted EBITDA which are not presented in accordance with GAAP. These financial measures supplement our GAAP results in evaluating certain aspects of our business. We believe that using these measures impr
Slide 4: About MME
About MME • Founded in 1918 • Headquartered in Bismarck, North Dakota • #26 on Transport Topics list of 2021 Top LTL carriers • Operations include less-than-truckload, truckload and other services • Over 30 Service Centers, with a terminal door count of approximately 800 • Approximately 800 employee
Slide 5: Structure of the Deal
Structure of the Deal PURCHASE PRICE • $150 million cash • Immediately accretive EPS ACCRETION • Expect $0.06 Adjusted EPS (1) accretion in 2022 • Technology, economies of scale, customer SYNERGIES introductions, and operating practices to be shared across companies • Expect revenue growth in low do
Slide 6: KNX Changing Revenue Diversity
KNX Changing Revenue Diversity • LTL proforma revenue excluding fuel surcharge expected to be over $800 million in 2021 • MME and ACT combined would have ranked #13 on 2021 Transport Topics list of LTL companies • Non-Truckload revenue as a percent of total expected revenue excluding fuel surcharge
Slide 7: Compelling Strategic and Financial Rationale
Compelling Strategic and Financial Rationale • KNX committed to creating a nationwide LTL footprint • MME’s Greater Northwest and Upper Midwest network fits nicely with ACT’s current footprint in the Southeast and Midwest • Significant productivity to be gained by sharing systems, tools, and process
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