Csx Corporation · NASDAQ:CSX

Csx — Q4 2015 Earnings Presentation

7 slides from Csx's earnings presentation, Jan 13, 2016

  1. Slide 1: Forward-Looking Statements

    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, cost

  2. Slide 2: Executive Summary

    Executive Summary Michael Ward Chairman and Chief Executive Officer Fourth quarter performance . . . Volume 1,655K Revenue $2,781M Operating Income $791M Operating Ratio 71.6% EPS $0.48 Earnings Per Share  Revenue declines 13% — Lower fuel recovery, volume and $0.49 mix more than offset pricing gai

  3. Slide 3: Full-year performance

    Full-year performance . . . Volume 6,761K Revenue $11,811M Operating Income $3,584M Operating Ratio 69.7% EPS $2.00 Revenue in Billions Earnings Per Share Merchandise, Intermodal and Other Coal $2.00 $1.92 $12.7 $11.8 $11.8 $12.0 $11.8 $1.83 $1.79 $2.9 $2.9 $2.3 $1.70 $3.7 $3.2 $9.8 $9.5 $8.6 $9.1 $

  4. Slide 4: Fourth quarter earnings summary

    Fourth quarter earnings summary . . . Fourth Quarter Results Dollars in millions, except EPS 2015 2014 Variance Revenue $ 2,781 $ 3,192 (13%) Expense 1,990 2,291 13% Operating Income $ 791 $ 901 (12%) Interest Expense (140) (133) Other Income (net) 90 7 Income Taxes (275) (284) Net Earnings $ 466 $

  5. Slide 5: First quarter expense expectations

    First quarter expense expectations . . . Labor and  Headcount expected to be down 2% sequentially and 10% year-over-year Fringe  Inflation estimated to be around $25 million MS&O  Inflation expected to be offset by efficiency and volume-related savings  Lower cost per gallon, reflecting the curr

  6. Slide 6: Financial wrap-up

    Financial wrap-up . . .  Solid 2015 performance despite market conditions — Strong pricing, efficiency gains, resource reductions help drive margin expansion  Coal headwinds expected to persist in 2016 — Domestic coal expected to be about 19 million tons per quarter — Full-year export coal expecte

  7. Slide 7: Relentless pursuit of excellence

    Relentless pursuit of excellence . . . 13

CSX — Q4 2015 Earnings Presentation on 6ix