Schneider National, Inc. · NYSE:SNDR
Schneider National — Q4 2020 Earnings Presentation
15 slides from Schneider National's earnings presentation, Feb 3, 2021
Slide 1: Investor presentation Fourth quarter 2020
Investor presentation Fourth quarter 2020
Slide 2: Disclaimer and forward-looking statements
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, contains forward-looking statements, within the meaning of the United States Private Securities Li
Slide 3: Leading North American transportation services company
Leading North American Iconic Orange Brand › A $4.6 billion company founded in 1935 in Green Bay, WI. transportation services company › Brand reputation of operational excellence built on service, trust and reliability. › Industry-leading safety, culture and performance. › Comprehensive presence thr
Slide 4: Fourth quarter 2020 Key Takeaways
Fourth quarter 2020 Key Takeaways › Truckload Revenues decreased 5% compared to 4Q19 primarily due to lower network capacity levels, partially offset by effective yield management actions and dedicated growth. Truckload operating ratio was 86.2% in 4Q20, a sequential improvement of 390-bps from 3Q20
Slide 5: Diversity of customers and end-markets served supports stability and growth
Diversity of customers Diverse end-market footprint: 2020 Revenues (xFSC)1 and end-markets served supports stability and All Other 2 33% growth through business Retail 20% cycles. E-Commerce3 4% Auto 4% Transportation 6% Food and Beverage 13% Home Improvement 9% Consumer Products 11% Broadening cust
Slide 6: Broad and comprehensive portfolio of service offerings
Broad and comprehensive portfolio of service offerings COMPREHENSIVE PORTFOLIO OF SERVICES TRUCKLOAD INTERMODAL LOGISTICS NETWORK DEDICATED BROKERAGE Full Truckload STANDARD DRY VAN LTL • Long-haul • Regional/Short-Haul Intermodal • Expedited Temperature Control Flatbed DOOR-TO-DOOR Sole-Source Powe
Slide 7: Significant size and scale
Significant size and scale $4,454 $4,281 $4,235 $3,997 209 Enterprise revenues (xFSC) 1 $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 Other2 $2,187 $2,265 $2,091 $2,077 Truckload revenues (xF
Slide 8: Adjusted income from operations, Adjusted EBITDA, Adjusted net income
Adjusted income 400 $384 from operations1 350 $306 $301 $293 $282 300 250 200 150 100 50 0 2016 2017 2018 2019 2020 800 Adjusted EBITDA1 $675 $599 $591 700 600 $559 $561 500 400 300 200 100 0 2016 2017 2018 2019 2020 Adjusted net income1 300 $275 250 $220 $222 $161 200 $158 150 100 50 0 2016 2017 20
Slide 9: Appendix
Appendix Investor presentation 9
Slide 10: Non-GAAP reconciliation – revenues (excluding fuel surcharge)
Non-GAAP reconciliation – revenues (excluding fuel surcharge)1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 4Q20 4Q19 Operating revenues $4,046 $4,384 $4,977 $4,747 $4,553 $1,265 $1,156 Less: Fuel surcharge revenues 294 386 523 466 318 74 116 Revenues $3,752 $3,997 $4,454 $4,281 $4,235 $1,192 $1,041 (exc
Slide 11: Non-GAAP reconciliation – adjusted income from operations
Non-GAAP reconciliation – adjusted income from operations1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 4Q20 4Q19 Income from operations $290 $280 $376 $208 $287 $105 $78 Litigation2 - - 6 - 13 - - Goodwill impairment3 - - 2 35 - - - Duplicate chassis costs4 - 15 - - - - - WSL contingent - (14) - - - - -
Slide 12: Non-GAAP reconciliation – adjusted net income
Non-GAAP reconciliation – adjusted net income1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 4Q20 4Q19 Net income $157 $390 $269 $147 $212 $77 $56 Litigation2 - - 6 - 13 - - Goodwill impairment3 - - 2 35 - - - Duplicate chassis costs4 - 15 - - - - - WSL contingent - (14) - - - - - consideration adjustment
Slide 13: Non-GAAP reconciliation – adjusted EBITDA
Non-GAAP reconciliation – adjusted EBITDA1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 4Q20 4Q19 Net income $157 $390 $269 $147 $212 $77 $56 Provision for (benefit from) 109 (127) 96 51 71 25 20 inc taxes Interest expense – net 21 17 13 8 10 3 2 Depreciation and amortization 266 279 291 293 291 74 71 Ot
Slide 14: Non-GAAP reconciliation – free cash flow
Non-GAAP reconciliation – free cash flow1 ($M) FY2019 FY2020 4Q20 4Q19 Net cash provided by $636 $618 $149 $166 operating activities Purchases of (335) (275) (144) (27) transportation equipment Purchases of other (62) (50) (11) (19) property and equipment Proceeds from sale of 90 87 32 51 property a
Slide 15: Non-GAAP reconciliation – adjusted diluted earnings per share
Non-GAAP reconciliation – adjusted diluted earnings per share1 ($M) FY2019 FY2020 4Q20 4Q19 Diluted earnings per share $0.83 $1.19 $0.43 $0.32 Non-GAAP adjustments, 0.41 0.06 0.01 0.06 tax effected Adjusted diluted earnings $1.24 $1.25 $0.44 $0.37 per share Notes: 1 Table may not sum due to rounding