Wabash National Corporation · NYSE:WNC
Wabash National — Non-Deal Roadshow (September 2020)
14 slides from Wabash National's roadshow presentation, Sep 22, 2020
Slide 1: Wabash National Corporation Stephens Virtual NDR
WABASH NATIONAL CORPORATION STEPHENS VIRTUAL NDR SEPTEMBER 23, 2020
Slide 2: Safe Harbor Statement & Non-GAAP Financial Measures
Safe Harbor Statement & Non-GAAP Financial Measures This presentation contains certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements convey Wabash National Corporation's (the "Company") current expectations or forecasts of f
Slide 3: Wabash National – Changing How the World Reaches You: Key Messages
Wabash National – Changing How the World Reaches You Key Messages ▪ Wabash National is the leader in transportation solutions with a portfolio of equipment spanning from First to Final Mile ▪ New organizational structure supports strategy refresh and growth focus while identifying $20M of opportunit
Slide 4: Wabash at a Glance
Wabash at a Glance (NYSE: WNC) 1985 Lafayette, IN ~$600M1 ~6,900 17 $2.3B 6.2% $109M Founded Headquarters Market-cap Global Employees Manufacturing 2019 Revenue 2019 Operating 2019 Free Cash Locations Margin Flow 2019 Revenue by Segment 19% Commercial Trailer Products 16% Diversified Products 65% Fi
Slide 5: Portfolio of Engineered Solutions
Portfolio of Engineered Solutions COMMERCIAL TRAILER DIVERSIFIED PRODUCTS FINAL MILE $1.5B1 $385M1 $442M1 PRODUCTS (CTP) GROUP (DPG) PRODUCTS (FMP) ▪ Dry and Refrigerated Van Trailers ▪ Tank Trailers and Truck-Mounted Tanks ▪ Truck-Mounted Dry Bodies ▪ Platform Trailers ▪ Composite Panels and Produc
Slide 6: Broadening Exposure Across Transportation, Logistics and Distribution
Broadening Exposure Across Transportation, Logistics and Distribution FIRST MILE MIDDLE MILE FINAL MILE ▪ Long-haul routes of goods ▪ Products moved into or redistributed ▪ Delivery of goods to home or final among fulfillment centers destination ▪ Driven by freight activity ▪ Driven by strategic pos
Slide 7: Our Future Will be Built as One Wabash
Our Future Will be Built as One Wabash Purpose To change how the world reaches you To be the innovation leader of engineered solutions for the transportation, Vision logistics and distribution industries To enable our customers to succeed with breakthrough ideas and solutions Mission that help them
Slide 8: Change is Underway: Strategy, Organization & Culture
Change is Underway: Strategy, Organization & Culture Catalyst for Change: Helping our Customers Move Everything from First to Final Mile Strategy Focused • Strategic focus narrowed - able to scale core competencies by growing in and around core markets with known customers • Increased commitment to
Slide 9: New Organizational Structure Benefits All Stakeholders
New Organizational Structure Benefits All Stakeholders 2019 2020 thru 2022 • Streamlined commercial structure to facilitate ease of interaction Customers • Enhanced ability to innovate to support rapidly changing transportation needs • Strategic partner with a diverse portfolio of transportation equ
Slide 10: Wabash National Is Well Positioned Within Transportation, Logistics & Distribution
Wabash National Is Well Positioned Within Transportation, Logistics & Distribution Wabash Past:2019 Dry Van Manufacturer Wabash Present:2020 thru First 2022 to Final Mile Solutions Provider 10 10
Slide 11: Strategic Growth Focus
Strategic Growth Focus 2019 2020 thru 2022 • Expand share in markets driven by movement of goods through the temperature- Cold Chain controlled cold chain • Bringing differentiated solutions to create customer value by leveraging innovative technology offerings (Molded Structural Composite, eNow, re
Slide 12: COVID-19 Impact
COVID-19 Impact 2019 Market Conditions 2020Wabash thru 2022 National Performance Highlights • Phase 1: March – May 2020 • Backlog strength maintained throughout 2020 • Plummeting freight demand and declining freight rates. Capacity (small & medium-sized carriers) exits the industry. • Rapid action o
Slide 13: ESG Focus
ESG Focus 2019 2020 thru 2022 • Best in class pedigree of innovating to help customers lower emissions by reducing weight, improving aerodynamics and enhancing thermal efficiency Environmental • DuraPlate Cell Core composite technology reduces trailer weight by 300lbs, lowering customer emissions •
Slide 14: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Unaudited - dollars in thousands Free Cash Flow1: Twelve Months Ended December 31, 2019 2018 Net cash provided by operating activities $ 146,284 $ 112,471 Capital expenditures $ (37,645) $ (34,009) Free cash flow $ 108,639 $ 78,462 1 Free cash flow is defined as net cas