Schneider National, Inc. · NYSE:SNDR
Schneider National — Q3 2021 Earnings Presentation
16 slides from Schneider National's earnings presentation, Oct 28, 2021
Slide 1: Investor presentation Third quarter 2021
Investor presentation Third quarter 2021
Slide 2: Disclaimer and forward-looking statements
Investor relations Steve Bindas, Director 920-592-SNDR contact information investor@schneider.com Disclaimer and forward- Special Note Regarding Forward-Looking Statements This presentation, and certain information that management may looking statements discuss in connection with this presentation,
Slide 3: Current quarter and the path forward
Current quarter “The third quarter represented the most profitable period in our history,” said Mark Rourke, Chief Executive Officer and President of Schneider. “We continue to effectively utilize our scaled and diversified platform to deliver solutions for the rapidly changing needs of our valued c
Slide 4: Leading North American transportation services company
Leading North American Iconic Orange Brand transportation services › A $4.6 billion company founded in 1935 in Green Bay, WI with a long-standing history of service, reliability and supply-chain company value creation. › Comprehensive North American footprint with industry leading safety, culture an
Slide 5: Schneider overview: Proven for miles
Schneider overview Proven for miles Safety first That’s why we 6,342 Drivers who’ve driven over one million consecutive and always have: 973 CURRENT miles safely Every day We move over 9 2 Schneider loads circle the globe 100% Logistics manages approximately $1.9 billion over 375 and with and Freigh
Slide 6: Third quarter 2021 Key Takeaways
Third quarter 2021 Key Takeaways › Truckload revenues increased 5% compared to 3Q20 due to effective revenue and network management and dedicated growth, partially offset by lower Truckload network fleet count and lower miles per tractor. Truckload operating ratio was 82.4% in 3Q21 compared to 90.1%
Slide 7: Diversity of customers and end-markets served supports resiliency and growth
Diversity of customers and end-markets served supports resiliency and growth through business cycles. Diverse end-market footprint: 2020 Revenues (xFSC)1 Broadening customer base: change in customer concentration1 Food and Retail 20% Beverage 13% 30% 51% 10% Consumer Products 11% 11% 60% 38% Home Im
Slide 8: Significant size and scale
Significant size and scale $4,454 $4,281 $4,235 $3,997 209 Enterprise revenues (xFSC) 1,2 $3,752 262 280 196 166 1,024 935 1,129 737 834 956 758 780 1,008 975 2,091 2,187 2,265 2,077 1,851 2016 2017 2018 2019 2020 Truckload Intermodal Logistics Other3 $384 Adjusted income 400 $306 $301 from operatio
Slide 9: ESG: a shared commitment to a sustainable future
ESG: a shared commitment We are committed to operating one of the most energy efficient fleets in North America. to a sustainable future › Utilizing diverse modes of transportation. › Collaborating with the most energy-efficient railroads and third-party carriers. › Relentlessly working to improve M
Slide 10: Schneider: technology is in our DNA
Schneider: technology Every day, our freight technology and innovation for shippers, carriers and drivers automates processes, enables visibility, and delivers powerful is in our DNA insights to maximize efficiency on every shipment. Company drivers In-cab tablet Order Execution Financials Shippers
Slide 11: Appendix
SCHNEIDER Appendix
Slide 12: Non-GAAP reconciliation – revenues excluding fuel surcharge
Non-GAAP reconciliation – revenues excluding fuel surcharge1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 3Q21 3Q20 Operating revenues $4,046 $4,384 $4,977 $4,747 $4,553 $1,445 $1,136 Less: Fuel surcharge revenues 294 386 523 466 318 114 73 Revenues (excluding fuel surcharge) $3,752 $3,997 $4,454 $4,281
Slide 13: Non-GAAP reconciliation – adjusted income from operations
Non-GAAP reconciliation – adjusted income from operations1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 3Q21 3Q20 Income from operations $290 $280 $376 $208 $287 $154 $63 Litigation2 - - 6 - 13 - 13 Goodwill impairment3 - - 2 35 - - - Duplicate chassis costs4 - 15 - - - - - WSL contingent - (14) - - - -
Slide 14: Non-GAAP reconciliation – adjusted net income
Non-GAAP reconciliation – adjusted net income1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 3Q21 3Q20 Net income $157 $390 $269 $147 $212 $110 $45 Litigation2 - - 6 - 13 - 13 Goodwill impairment3 - - 2 35 - - - Duplicate chassis costs4 - 15 - - - - - WSL contingent - (14) - - - - - consideration adjustme
Slide 15: Non-GAAP reconciliation – adjusted EBITDA
Non-GAAP reconciliation – adjusted EBITDA1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 3Q21 3Q20 Net income $157 $390 $269 $147 $212 $110 $45 Provision for (benefit from) 109 (127) 96 51 71 37 16 income taxes Interest expense – net 21 17 13 8 10 3 3 Depreciation and amortization 266 279 291 293 291 74 7
Slide 16: Non-GAAP reconciliation – free cash flow and adjusted diluted EPS
Non-GAAP reconciliation – free cash flow1 ($M) FY2016 FY2017 FY2018 FY2019 FY2020 3Q21 3Q20 Net cash provided by $455 $461 $567 $636 $618 $141 $149 operating activities Purchases of (422) (389) (385) (335) (275) (143) (48) transportation equipment Purchases of other (37) (33) (37) (62) (50) (11) (14