Schneider National, Inc. · NYSE:SNDR
Schneider National — Q4 2021 Earnings Presentation
16 slides from Schneider National's earnings presentation, Feb 3, 2022
Slide 1: Investor presentation Fourth quarter 2021
Investor presentation Fourth 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 “Our enterprise achieved record earnings of over $530 million in 2021,” said Mark Rourke, Chief Executive Officer and President of Schneider. “These results are a direct reflection of our strategic initiatives to grow across our portfolio, with an emphasis on dedicated, intermodal, a
Slide 4: Leading North American transportation services company
Leading North American Iconic Orange Brand transportation services › A $5.6 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 6,416 Drivers who’ve driven over one million cumulative and always have: 938 CURRENT miles safely Every day We move over 9 3 Schneider loads circle the globe 100% Logistics manages approximately $3.0 billion over 378 and with and Freight
Slide 6: Fourth quarter 2021 Key Takeaways
Fourth quarter 2021 Key Takeaways › Truckload revenues increased 11% compared to 4Q20 due to effective revenue and network management and new dedicated business, partially offset by a lower Truckload network fleet count and a decrease in miles per tractor due to industry-wide capacity and supply cha
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: 2021 Revenues (xFSC)1 Broadening customer base: change in customer concentration1 Food and Retail 22% Beverage 13% 28% 51% 10% Consumer Products 9% 11% 62% 38% Home Imp
Slide 8: Multi-modal provider of significant size and scale
Multi-modal provider of $5,164 significant size and scale $4,454 277 $4,281 $4,235 $3,997 209 Enterprise revenues (xFSC) 1,2 262 280 196 1,809 1,024 935 1,129 834 956 780 1,008 1,143 975 2,187 2,265 2,077 1,851 1,935 2017 2018 2019 2020 2021 Truckload Intermodal Logistics Other3 $533 Adjusted income
Slide 9: ESG: a shared commitment to a sustainable future
ESG: a shared commitment We are committed to operating one of the most energy efficient fleets in North America. to a sustainable future › Utilizing diverse modes of transportation. › Collaborating with the most energy-efficient railroads and third-party carriers. › Relentlessly working to improve M
Slide 10: Schneider: technology is in our DNA
Schneider: technology Every day, our freight technology and innovation for shippers, carriers and drivers automates processes, enables visibility, and delivers powerful is in our DNA insights to maximize efficiency on every shipment. Company drivers In-cab tablet Order Execution Financials Shippers
Slide 11: Appendix
SCHNEIDER Appendix
Slide 12: Non-GAAP reconciliation – revenues excluding fuel surcharge
Non-GAAP reconciliation – revenues excluding fuel surcharge1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Operating revenues $4,384 $4,977 $4,747 $4,553 $5,609 $1,575 $1,265 Less: Fuel surcharge revenues 386 523 466 318 445 130 74 Revenues (excluding fuel surcharge) $3,997 $4,454 $4,281 $4,235
Slide 13: Non-GAAP reconciliation – adjusted income from operations
Non-GAAP reconciliation – adjusted income from operations1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Income from operations $280 $376 $208 $287 $534 $178 $105 Litigation2 - 6 - 13 (14) (14) - Goodwill impairment3 - 2 35 - 11 11 - Duplicate chassis costs4 15 - - - - - - WSL contingent (14) -
Slide 14: Non-GAAP reconciliation – adjusted net income
Non-GAAP reconciliation – adjusted net income1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Net income $390 $269 $147 $212 $405 $134 $77 Litigation - 6 - 13 (14) (14) - Goodwill impairment - 2 35 - 11 11 - Duplicate chassis costs 15 - - - - - - WSL contingent (14) - - - - - - consideration adju
Slide 15: Non-GAAP reconciliation – adjusted EBITDA
Non-GAAP reconciliation – adjusted EBITDA1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Net income $390 $269 $147 $212 $405 $134 $77 Provision for (benefit from) (127) 96 51 71 137 45 25 income taxes Interest expense – net 17 13 8 10 10 3 3 Depreciation and amortization 279 291 293 291 296 76 7
Slide 16: Non-GAAP reconciliation – free cash flow and adjusted diluted EPS
Non-GAAP reconciliation – free cash flow1 ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Net cash provided by $461 $567 $636 $618 $566 $170 $149 operating activities Purchases of (389) (385) (335) (275) (399) (103) (144) transportation equipment Purchases of other (33) (37) (62) (50) (50) (16) (1