Csx Corporation · NASDAQ:CSX
Csx — J.P. Morgan Aviation, Transportation and Industrials Conference 2014
10 slides from Csx's conference presentation, Mar 12, 2014
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, margins, volumes, rates, co
Slide 2: Executive summary
Executive summary . . . CSX is overcoming the transition in the energy markets — Earnings remain at record levels despite significant losses in utility coal volume First quarter results impacted by harsh winter weather — Impact approaching $0.10 per share; full-year EPS growth now more modest
Slide 3: Harsh winter weather impacting first quarter results
Harsh winter weather impacting first quarter results 2014 Year-over-year First quarter earnings impact Change in Volume approaching $0.10 per share Agricultural Sector 3% Volume/revenue impacted; most recoverable in future quarters Construction Sector (2%) Industrial Sector 2% Predominant weat
Slide 4: Domestic coal inventories coming into balance
Domestic coal inventories coming into balance Domestic Coal Henry Hub Price Utility Coal Stockpiles Tonnage in Millions Per Million BTU Feb '13 Feb '14 Nat Gas PRB ILB NAPP CAPP 44.6 38.4 29.9 25.3 $8.00 North South $6.00 Days of Burn $4.00 Feb '13 Feb '14 2006-2010 Average 141 $2.00 88 67 44 $0.00
Slide 5: Excess capacity remains in coal-fired portfolio
Excess capacity remains in coal-fired portfolio Domestic Coal Capacity Utilization of CSX-Served Plants Percent of Total Tonnage Percent of Tons Shipped to Plants in 2007 Percent of Tons Shipped to Plants in 2013 61% 42% 37% 30% 22% 8% 1% 0% 0%-40% 40%-60% 60%-80% 80%-100% Capacity Utilization Sourc
Slide 6: Agriculture outlook strong with record 2013 crop
Agriculture outlook strong with record 2013 crop Agricultural Sector Record harvest in 2013 helps U.S. Corn Production grain markets recover Index: 1975=100 — Refills grain supply pipeline Acres Planted Yield per Acre constrained during 2012 drought 207 Initial crop projections for 2014 are expe
Slide 7: Industrial growth driven by energy renaissance
Industrial growth driven by energy renaissance Industrial Sector Williston Basin Chemicals driven by surging oil Daily Oil Production and gas industry (Million bbl/day) — Expect crude volume to rise 50% in Actual Estimate 2014, with further growth long-term Projection — Frac sand expected to rise
Slide 8: NW Ohio hub enhances network connectivity
NW Ohio hub enhances network connectivity Intermodal Montreal Hub and spoke coupled with Northeast corridor lanes key differentiator Midwest Boston — Creates broader reach in eastern Chicago NY/NJ U.S. markets Philadelphia Baltimore Approach combined with St Louis Hampton Roads superior service
Slide 9: Future opportunity aligns with CSX's network
. . . and future opportunity aligns with CSX’s network Intermodal Montreal Total eastern opportunity is Boston about 9 million truck loads Chicago — Reflects truckload moves NY/NJ greater than 550 miles Philadelphia Baltimore St Louis Significant majority overlays Hampton Roads CSX’s intermodal
Slide 10: J.P. Morgan Aviation, Transportation & Industrials Conference
: 014 J.P. MORGA AVIATION, , TRANSPORTATION & INDUSTRIALS CONFERENCE
CSX — J.P. Morgan Aviation, Transportation and Industrials Conference 2014 on 6ix