Csx Corporation · NASDAQ:CSX

Csx — Stifel Nicolaus Transportation & Logistics Conference 2012

9 slides from Csx's conference presentation, Feb 14, 2012

  1. Slide 1: Forward-Looking Statements

    1 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, volumes, rates, cost-saving

  2. Slide 2: Current state of the business

    Current state of the business . . .  Delivered record results again in 2011 — Performance continues to rank among the best in the S&P 500  Economic backdrop constructive for growth in 2012 — Over 70% of the company’s business is expected to register growth  Stage set for record performance in 201

  3. Slide 3: Performance ranks among the best of S&P 500; Economy provides favorable backdrop in 2012

    Performance ranks among the best of S&P 500 Operating Income Growth Margin Expansion Continuing EPS Growth 2006 – 2011 2006 – 2011 2006 – 2011 126% 74% 860 35% 45% 70 CSX S&P 500 CSX S&P 500 CSX S&P 500 CSX ranks among the top CSX ranks among the top CSX ranks among the top 26% of S&P 500 companies

  4. Slide 4: CSX business portfolio is set for overall growth

    CSX business portfolio is set for overall growth 2012 Business Outlook  Strong Intermodal growth Percent of Volume expected to lead the way Favorable Unfavorable — Modal conversions and new customers to drive growth  Merchandise markets also 29% expected to see solid growth — Strength across all t

  5. Slide 5: Managing coal resources to match demand levels

    Managing coal resources to match demand levels  Near-term utility coal softness enables targeted reductions  Redeploying locomotives to Merchandise and Intermodal  Over 200 employees now on furlough retention boards Targeted Reduction Area  Monitoring resource levels to match volume forecast 201

  6. Slide 6: Operating leverage to improve during the year

    Operating leverage to improve during the year Incremental Margins  Majority of resources already in place to support growth — Expect overall growth to exceed 50% the rate of the general economy 31%  Excess capacity exists in Merchandise and Intermodal — 15% – 20% in Intermodal — 10% – 15% in Merch

  7. Slide 7: Dividend and buyback trends will continue in 2012

    Dividend and buyback trends will continue in 2012 Dividends Per Share Cumulative Share Buybacks in Billions $0.45 $7.2 $5.6 $0.33 $0.29 $0.26 $4.2 $4.2 $0.18 $2.6 $0.11 $0.5 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 13 Remain on track for achieving long-term targets 2010 2011 – 201

  8. Slide 8: Appendix: GAAP Reconciliation Disclosure

    Appendix GAAP Reconciliation Disclosure CSX reports its financial results in accordance with generally accepted accounting principles (“GAAP”). However, management believes that certain non-GAAP financial measures used to manage the company’s business that fall within the meaning of Regulation G (Di

  9. Slide 9: GAAP Reconciliation

    GAAP Reconciliation Dollars in millions 2006 2007 2008 2009 2010 2011 Operating income $ 2,137 $ 2,246 $ 2,751 $ 2,270 $ 3,071 $ 3,418 Gain on insurance recoveries (168) - - - - - Comparable operating income $ 1,969 $ 2,246 $ 2,751 $ 2,270 $ 3,071 $ 3,418 Operating margin 22.3% 22.4% 24.4% 25.1% 28.

CSX — Stifel Nicolaus Transportation & Logistics Conference 2012 on 6ix