Csx Corporation · NASDAQ:CSX
Csx — Goldman Sachs Industrials Conference 2013
9 slides from Csx's conference presentation, Nov 13, 2013
Slide 1: Forward-Looking Statements
1 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, co
Slide 2: Presentation overview
Presentation overview . . . CSX has a long-term proven track record of success — Performance has been sustained even through challenging business conditions Company’s network reaches all major eastern markets — Connects population centers, ports, manufacturing and natural resources Business po
Slide 3: Despite significant volume decline and mix shift; Expect 2013 EPS to slightly exceed 2012 levels
. . . despite significant volume decline and mix shift Volume Merchandise decline Units in Thousands — Industrial and housing economies Merchandise Intermodal Domestic Coal Export Coal have suppressed recovery 7,358 6,409 Intermodal growth 24% 6% — Driven by highway conversions 14% and new custo
Slide 4: Network well positioned for eastern U.S. growth
Network well positioned for eastern U.S. growth Connects all five eastern Montreal Northeast mega-regions Midwest Boston Serves nearly two-thirds of Chicago New York the nation’s population Philadelphia Washington Ports connect U.S. resources St Louis Norfolk and manufacturing globally Piedmon
Slide 5: Broad-based growth across most markets
Broad-based growth across most markets Year-Over-Year Change in Volume First Half Third Quarter Fourth Quarter-to-date 9% 8% 8% 7% 6% 6% 4% 3% 2% 2% 1% (2%) (2%) (5%) (7%) (9%) (10%) (14%) Construction Industrial Agricultural Intermodal Domestic Export Coal Sector Sector Sector Coal Note: Fourth qua
Slide 6: Lower coal prices drive lower export yield
Lower coal prices drive lower export yield Export Coal Queensland Index Source of Export Coal Third Quarter 2013 $175 Illinois Basis CAPP NAPP SAPP $165 17% 3% 19% $155 $145 $135 61% $125 Dec Feb Apr Jun Aug Oct API2 Index 2013 Revenue per Ton $95 Q1 Q2 Q3 $90 $22.79 $22.96 $22.53 $20.25 $20.33 $18.
Slide 7: Network positioned to leverage intermodal growth
Network positioned to leverage intermodal growth Intermodal Montreal Intermodal Volume in Millions Northeast 2.3 2.5 Midwest 2.2 2 Boston 1.9 3 3 NY/NJ Chicago 2 Philadelphia Baltimore St Louis 3 Hampton Roads 2009 2010 2011 2012 Piedmont Atlantic Intermodal traffic operating in double-stack Memph
Slide 8: CSX has successful H2R conversion platform
CSX has successful H2R conversion platform . . . Intermodal Domestic Intermodal Volume versus ATA Truck Tonnage Indexed: January 2006 = 100 ATA Truck Tonnage CSX Average Weekly Domestic Intermodal Volume 200 180 160 140 120 100 80 2006 2007 2008 2009 2010 2011 2012 2013 Source: CSX Corporation and A
Slide 9: Wrap-up
Wrap-up . . . CSX has a long-term proven track record of success — Guidance through 2015 extends performance; delivers value for shareholders Merchandise/intermodal revenue up more than economy — Contributes $2.5 billion in cumulative revenue growth since 2009 Network well positioned for globa