Werner Enterprises, Inc. · NASDAQ:WERN
Werner Enterprises — Merger or Acquisition (July 2021)
9 slides from Werner Enterprises's merger presentation, Jul 1, 2021
Slide 1: Acquisition of ECM Transport Group
A c q u i s i t i o n o f E C M Tr a n s p o r t G r o u p July 1, 2021
Slide 2: Disclosure Statement
DISCLOSURE STATEMENT This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Lit
Slide 3: Transaction Highlights
Transaction Highlights • 80% ownership stake in ECM Transport Group (ECM) Terms • Exclusive option to buy remaining 20% ownership stake five years following transaction close • $142.4M (funded with cash on hand and new borrowing) Financing & • Finalized a new $100M loan that matures in May 2024 with
Slide 4: 5 Ts + S Are Core Components of Our Strategy
5 Ts + S ARE CORE COMPONENTS OF OUR STRATEGY TRANSACTION ALIGNED WITH OUR COMMITMENT TO REMAIN AT THE FOREFRONT OF THE TL INDUSTRY Werner Key Focus Areas ECM Maintain the age of our industry-leading Newer truck fleet (3-year average age), 1. Trucks modern truck fleet, which includes state-of- sa
Slide 5: Werner and ECM network
Werner and ECM network Selected ECM data 2020 Trucks Revenues 500 Fremont, OH $108M Brownstown, MI Akron, OH Bethlehem, PA HQ Northwood, OH 2020 Trailers Omaha, NE Joliet, IL Allentown, PA Operating 2,000 Springfield, OH York, PA Columbus, OH Margin Henderson, CO St. Louis, MO Richmond, IN Cheswick,
Slide 6: Werner + ECM Pro Forma
WERNER + ECM PRO FORMA Premium Truckload Transportation & Logistics Services Provider Omaha, NE $3.0B 4,920 3,315 13,205 1.1% Headquarters Market Cap1 Dedicated One-Way Associates2 Dividend Yield1 Fleet Size1 Fleet Size1 2020 Revenues by Segment 2 0 2 0 Reve n u e s b y Ve r t i c a l 2020 Revenues
Slide 7: Disciplined Capital Allocation
DISCIPLINED CAPITAL ALLOCATION Priorities Continual and Consistent Investment in the 5Ts + S Capital Allocation History 2018-2020 $1.4B Reinvestments in new, feature rich trucks and trailers, including the latest Share safety technology, that extend sustainable competitive advantages for Buybacks
Slide 8: Invest With Us
INVEST WITH US Consistent and flexible execution of 5 Ts + S strategy during COVID enabled Werner to achieve record first quarter Adjusted operating income and Adjusted EPS Strong freight demand expected in 2021; balanced revenue portfolio and consumer-centric freight base with winning customers
Slide 9: For More Information
F O R M O R E I N F O R M AT I O N , V I S I T W E R N E R . C O M
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