Csx Corporation · NASDAQ:CSX
Csx — Cowen 6th Annual Global Transportation Conference 2013
9 slides from Csx's conference presentation, Jun 11, 2013
Slide 1: Forward-Looking Statements
Cowen Securities 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, vol
Slide 2: Presentation overview / Performance strong since freight recession
Presentation overview . . . CSX has a long-term proven track record of success — Performance has been sustained even through challenging business conditions Company’s network reaches all major eastern markets — Connects population centers, ports, manufacturing and natural resources Business po
Slide 3: Volume mix shift / Earning power supports distributions
. . . despite significant volume decline and mix shift Volume Merchandise decline Units in Thousands — Industrial and housing economies Merchandise Intermodal Domestic Coal Export Coal have suppressed recovery 7,358 6,409 Intermodal growth 24% 6% — Driven by highway conversions 14% and new custo
Slide 4: Network well positioned for eastern U.S. growth
Network well positioned for eastern U.S. growth Connects all five eastern Montreal Northeast mega-regions and ports Midwest Boston Chicago Serves nearly two-thirds of New York the nation’s population Philadelphia Washington Ports connect U.S. resources St Louis Hampton Roads and manufacturing
Slide 5: Year-over-year volume growth starting to improve
Year-over-year volume growth starting to improve Year-Over-Year Change in Volume First Quarter Second Quarter-to-date 4% 3% 2% 3% 3% 2% 1% (1%) (3%) (5%) (14%) (16%) Intermodal Industrial Construction Agricultural Domestic Export Coal Sector Sector Sector Coal Note: Second quarter volume data is thr
Slide 6: Lower coal prices drive lower export demand
Lower coal prices drive lower export demand Export Coal Queensland Index CSX Weekly Export $175 Volume in Thousands $165 Q2 2013 Q2 2012 Avg Q1 2013 Avg $155 $145 11 $135 $125 Oct Nov Dec Jan Feb Mar Apr May 9 API2 Index $95 7 $90 $85 5 $80 $75 $70 3 Oct Nov Dec Jan Feb Mar Apr May 14 16 18 20 22 So
Slide 7: Network positioned to leverage intermodal growth
Network positioned to leverage intermodal growth Intermodal Montreal Intermodal Volume in Millions Northeast 2.3 2.5 Midwest 2.2 2 Boston 1.9 3 3 NY/NJ Chicago 2 Philadelphia Baltimore St Louis 3 Hampton Roads 2009 2010 2011 2012 Piedmont Atlantic Intermodal traffic operating in double-stack Memph
Slide 8: Domestic opportunity aligned with CSX's network
Domestic opportunity aligned 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 network
Slide 9: Cowen 6th Annual Global Transportation Conference
9013 COWEN, & COMPANY 6TH ANNUAL GLOBAL TRANSPORTATION CONFERENCE
CSX — Cowen 6th Annual Global Transportation Conference 2013 on 6ix