Schneider National, Inc. · NYSE:SNDR
Schneider National — Q2 2021 Earnings Presentation
16 slides from Schneider National's earnings presentation, Jul 29, 2021
Slide 1: Investor presentation Second quarter 2021
Investor presentation Second quarter 2021
Slide 2: Disclaimer and forward-looking statements
Investor relations Steve Bindas, Director 920-592-SNDR contact information investor@schneider.com Disclaimer and forward- Special Note Regarding Forward-Looking Statements This presentation, and certain information that management may looking statements discuss in connection with this presentation,
Slide 3: Current quarter and the path forward
Current quarter “In the second quarter, we continued to utilize our diverse portfolio to capitalize upon opportunities presented by challenging market conditions,” said Mark Rourke, Chief Executive Officer and President of Schneider. “Our asset-light segments accounted for 60% of revenues in the qua
Slide 4: Leading North American transportation services company
Leading North American Iconic Orange Brand transportation services › A $4.6 billion company founded in 1935 in Green Bay, WI with a long-standing history of service, reliability and supply-chain company value creation. › Comprehensive North American footprint with industry leading safety, culture an
Slide 5: Proven for miles
Schneider overview Proven for miles Safety first That’s why we 6,342 Drivers who’ve driven over one million consecutive and always have: 973 CURRENT miles safely Every day We move over 9 2 Schneider loads circle the globe 100% Logistics manages approximately $1.9 billion over 375 and with and Freigh
Slide 6: Second quarter 2021 Key Takeaways
Second quarter 2021 Key Takeaways › Truckload revenues increased 5% compared to 2Q20 primarily due to effective yield management, partially offset by reduced volume driven by lower network driver capacity. Truckload operating ratio was 84.5% in 2Q21 compared to 91.0% in 2Q20. › Intermodal revenues i
Slide 7: Diversity of customers and end-markets served supports stability and growth
Diversity of customers and end-markets served supports stability and growth through business cycles. Diverse end-market footprint: 2020 Revenues (xFSC)1 Broadening customer base: change in customer concentration1 Food and Retail 20% Beverage 13% 30% 51% 10% Consumer Products 11% 11% 60% 38% Home Imp
Slide 8: Significant size and scale
Significant size and scale $4,454 $4,281 $4,235 $3,997 209 Enterprise revenues (xFSC) 1,2 $3,752 262 280 196 166 1,024 935 1,129 737 834 956 758 780 1,008 975 2,091 2,187 2,265 2,077 1,851 2016 2017 2018 2019 2020 Truckload Intermodal Logistics Other3 $384 Adjusted income 400 $306 $301 from operatio
Slide 9: ESG: a shared commitment to a sustainable future
ESG: a shared commitment We are committed to operating one of the most energy efficient fleets in North America. to a sustainable future › Utilizing diverse modes of transportation. › Collaborating with the most energy-efficient railroads and third-party carriers. › Relentlessly working to improve M
Slide 10: Schneider: technology is in our DNA
Schneider: technology Every day, our freight technology and innovation for shippers, carriers and drivers automates processes, enables visibility, and delivers powerful is in our DNA insights to maximize efficiency on every shipment. Company drivers In-cab tablet Order Execution Financials Shippers
Slide 11: Appendix
SCHNEIDER Appendix
Slide 12: Non-GAAP reconciliation – revenues excluding fuel surcharge
Non-GAAP reconciliation – revenues excluding fuel surcharge1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 2Q21 2Q20 Operating revenues $4,046 $4,384 $4,977 $4,747 $4,553 $1,361 $1,033 Less: Fuel surcharge revenues 294 386 523 466 318 110 69 Revenues (excluding fuel surcharge) $3,752 $3,997 $4,454 $4,281
Slide 13: Non-GAAP reconciliation – adjusted income from operations
Non-GAAP reconciliation – adjusted income from operations1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 2Q21 2Q20 Income from operations $290 $280 $376 $208 $287 $126 $63 Litigation2 - - 6 - 13 - - Goodwill impairment3 - - 2 35 - - - Duplicate chassis costs4 - 15 - - - - - WSL contingent - (14) - - - - -
Slide 14: Non-GAAP reconciliation – adjusted net income
Non-GAAP reconciliation – adjusted net income1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 2Q21 2Q20 Net income $157 $390 $269 $147 $212 $107 $47 Litigation2 - - 6 - 13 - - Goodwill impairment3 - - 2 35 - - - Duplicate chassis costs4 - 15 - - - - - WSL contingent - (14) - - - - - consideration adjustmen
Slide 15: Non-GAAP reconciliation – adjusted EBITDA
Non-GAAP reconciliation – adjusted EBITDA1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 2Q21 2Q20 Net income $157 $390 $269 $147 $212 $107 $47 Provision for (benefit from) 109 (127) 96 51 71 36 16 income taxes Interest expense – net 21 17 13 8 10 3 3 Depreciation and amortization 266 279 291 293 291 73 7
Slide 16: Non-GAAP reconciliation – free cash flow and adjusted diluted EPS
Non-GAAP reconciliation – free cash flow1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 2Q21 2Q20 Net cash provided by $455 $461 $567 $636 $618 $154 $195 operating activities Purchases of (422) (389) (385) (335) (275) (135) (61) transportation equipment Purchases of other (37) (33) (37) (62) (50) (13) (12