J.b. Hunt Transport Services, Inc. · NASDAQ:JBHT
J.b. Hunt Transport Services — Raymond James Institutional Investors Conference (March 2025)
24 slides from J.b. Hunt Transport Services's conference presentation, Mar 4, 2025
Slide 1: J.B. Hunt Transport Services, Inc. Investor Presentation
J.B. Hunt Transport Services, Inc. Investor Presentation Raymond James Institutional Investors Conference
Slide 2: Forward-Looking Statements
Forward-Looking Statements This discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects”, “anticipates”, “intends”, “estimates”, or similar expressions are intended to identify these forward-looking statemen
Slide 3: Our Vision, Mission, Foundations and Values
OUR VISION To Create the Most Efficient Transportation Network in North America O U R F O U N D AT I O N S People. Technology. Capacity. OUR MISSION Driving Long-Term Value For Our People, Customers and Shareholders O U R VA LU E S Integrity • Respect • Innovation • Safety • Excellence 3
Slide 4: J.B. Hunt At-a-Glance
J.B. Hunt At-a-Glance 400+ 22,400+ Locations Across U.S., Tractors and ICs Canada and Mexico 63-year legacy as a leader in the 167,200+ 110,000+ Carriers transportation and Trailing Units 400,000+ Trucks logistics industry ~33,600 $12.1B Employees 2024 Revenue 4
Slide 5: Priorities
Priorities • Focus on Operational Excellence to Deliver Exceptional Value to our Customers • Scale our Long-Term Investments in our People, Technology and Capacity • Remain Focused on Driving Long- Term Compounding Returns for our Shareholders 5
Slide 6: Tenured Management Team
Tenured Management Team Executive leadership team has a combined 380 years of experience at J.B. Hunt. Darren Field Stuart Scott John N. Roberts, III President of Intermodal Chief Information Officer Executive Chairman Executive Vice President Executive Vice President Years of Service: 36 Years of S
Slide 7: Investment Highlights
Investment Highlights PEOPLE • Leading positions in large addressable markets and brand strength supports entry into new and emerging markets • Mode-neutral, multi-modal service offering TECHNOLOGY • Network density and scale drives economics • Leading technology platform with J.B. Hunt 360°® • Incr
Slide 8: J.B. Hunt's Addressable Market
J.B. Hunt’s Addressable Market U.S. Transportation Market Size: J.B. Hunt’s Addressable Market: $1.5 Trillion $600 Billion $600 Billion JBHT Addressable Motor Carrier Private Parcel Rail Carload TL LTL Final Mile Dedicated Intermodal Air Freight Water and Ports Pipeline *Source: CSCMP 2023 Report 8
Slide 9: Mode-Neutral Portfolio
Mode-Neutral Portfolio Segment Revenue Contribution 2014 Revenue: $6.2B 2024 Revenue: $12.1B $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 JBI DCS ICS FMS JBT 9
Slide 10: Technology that Empowers
Technology that Empowers • Our People to Drive Out Waste • Our Capacity, Making Roads Safer and Networks More Efficient • Our Industry to Reduce Cost, Secure Capacity, Provide Visibility and Improve Service 10 10
Slide 11: Long-Term Revenue and Operating Income Trend
Long-Term Revenue and Operating Income Trend in millions $1,400 $15,000 $1,300 $13,000 $1,200 $1,100 Operating Income $11,000 $1,000 Revenue $900 $9,000 $800 $700 $7,000 $600 $5,000 $500 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Revenue Operating Income 11
Slide 12: Intermodal (JBI)
Intermodal (JBI) • Largest domestic intermodal fleet by 2x: 122,000+ company-owned containers and 103,000+ chassis • Largest dray fleet of 6,500+ trucks • Scalable capacity to meet commitments • Containers equipped with tracking • Long-standing agreements with railroads • Temp-controlled containers
Slide 13: JBI Revenue and Operating Income Trend
JBI Revenue and Operating Income Trend in millions $8,000 $850 $7,000 $750 Operating Income $6,000 Revenue $650 $5,000 $550 $4,000 $450 $3,000 $350 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Revenue Operating Income 13
Slide 14: Dedicated Contract Services (DCS)
Dedicated Contract Services® (DCS®) DCS Revenue Retention Rate • Largest dedicated fleet of more 110% than 12,600 trucks and 32,000+ trailers • Experts in private fleet management 90% • High customer retention rate • Specialized equipment to fulfill 70% needs across multiple industries • Continually
Slide 15: DCS Revenue and Operating Income Trend
DCS Revenue and Operating Income Trend in millions $4,000 $450 $400 $3,500 $350 $3,000 $300 Operating Income Revenue $2,500 $250 $200 $2,000 $150 $1,500 $100 $1,000 $50 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Revenue Operating Income 15 Note: In March 2020, J.B. Hunt separated its DCS segm
Slide 16: Integrated Capacity Solutions (ICS)
Integrated Capacity Solutions (ICS) • Leverages technology and the award-winning J.B. Hunt 360° platform to source the most efficient capacity and best-in-class carrier base • Access to capacity: +400,000 trucks and +110,000 carriers across North America • Dry-van, temp-controlled, flatbed and hazma
Slide 17: ICS Revenue and Operating Income Trend
ICS Revenue and Operating Income Trend in millions $3,500 $125 $3,000 $2,500 $75 Operating Income $2,000 Revenue $1,500 $25 $1,000 $(25) $500 $- $(75) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Revenue Operating Income 17
Slide 18: Truckload (JBT)
Truckload (JBT) Percentage of JBT Revenue 100% 90% • One of North America’s largest 80% trailing fleets 70% 60% • Simplified shipping by leveraging 50% 40% J.B. Hunt 360° technology and 30% J.B. Hunt 360box® 20% 10% • Access to +400,000 trucks 0% nationwide 2017 2018 2019 2020 2021 2022 2023 2024 No
Slide 19: JBT Revenue and Operating Income Trend
JBT Revenue and Operating Income Trend in millions $100 $1,250 $75 $1,000 Operating Income $50 Revenue $750 $500 $25 $250 $- $- $(25) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Non-Asset Revenue Asset Revenue Operating Income 19
Slide 20: Final Mile Services (FMS)
Final Mile Services® (FMS) • One of nation’s largest final mile delivery platforms • Commingle home delivery providing nationwide delivery options • Dedicated, customized solutions with dedicated delivery team and on-site management • LTL offerings including traditional LTL, LTL consolidation, pool
Slide 21: FMS Revenue and Operating Income Trend
FMS Revenue and Operating Income Trend in millions $1,200 $70 $60 $1,000 $50 $800 $40 Operating Income $30 Revenue $600 $20 $400 $10 $- $200 $(10) $- $(20) 2018 2019 2020 2021 2022 2023 2024 21 Note: In March 2020, J.B. Hunt separated its DCS segment into two reportable segments: DCS and FMS. See ad
Slide 22: Capital Allocation
Capital Allocation Reinvested $8.3 Billion, Paid Dividends of $1.3 Billion and Repurchased $2.3 Billion in Stock Since 2015 in millions $2,250 $2,000 $1,750 $1,500 $1,250 $1,000 $750 $500 $250 $0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Operating Cash Net CapEx Dividends Share Repurchasing
Slide 23: Balance Sheet
Balance Sheet December 31, 2024 December 31, 2023 ASSETS Current Assets: Cash & Cash Equivalents $ 46,983 $ 53,344 Accounts Receivable 1,224,166 1,334,912 Prepaid Expenses & Other 499,834 572,936 Total Current Assets 1,770,983 1,961,192 Net Property & Equipment 5,729,799 5,773,913 Other Assets, Net
Slide 24: Thank You
Thank You [=e |) People. Technology. Capacity...
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