Schneider National, Inc. · NYSE:SNDR
Schneider National — Q1 2025 Earnings Presentation
32 slides from Schneider National's earnings presentation, May 1, 2025
Slide 1: Investor Presentation First Quarter 2025
Investor Presentation FIRST QUARTER 2025
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements Special Note Regarding Forward-Looking Statements This presentation and certain information that management may discuss in connection with this presentation, may include “forward-looking statements,” as defined in the Private Securities Litigation Reform Act
Slide 3: Business Overview
Business Overview WHO WE ARE 3
Slide 4: Schneider: by the numbers
OTH ANNIVERSARY? SCHNEIDER: by the numbers 9.1 99.99% 6 MILLION iat tie loads MILLION 280 19% properties associates years in worldwide with business military (founded experience in 1936) ALL THIS COULDN'T BE DONE WITHOUT fen more than THE equipment
Slide 5: Experienced leadership, committed to growth and delivering shareholder value
Experienced leadership, committed to growth and delivering shareholder value. Mark Rourke • President and Chief Executive Officer since 2019, previously serving as Executive Vice President and Chief Operating Officer. • Started at Schneider in 1987 as a Service Team Leader. • Has held a variety of l
Slide 6: Our multimodal platform, comprised of three reportable segments
Our multimodal platform, comprised of three reportable segments, allows us to deliver scalable capacity and creative solutions for our customers and value for our shareholders. Truckload Segment Over the road North America freight transportation via dry van, bulk, temperature-controlled and flat-bed
Slide 7: Schneider has an expansive North American footprint
Schneider has an expansive North American footprint with industry-leading safety, culture and performance. Mission • Safe, courteous, hustling associates delivering superior experiences that excite our customers. Vision • Driven by our uncompromising values to deliver the goods that enhance the live
Slide 8: As a responsible company, Schneider lives out its core values daily
As a responsible company, Schneider lives out its core values daily. Safety first and always. Robust, ongoing safety training and protocols, and trucks with the most advanced safety technology in the industry. Respect for all. Schneider Foundation donations exceeded $9 million in the last five years
Slide 9: Our diversity of customers and end-markets served supports resiliency
Our diversity of customers and end-markets served supports resiliency through business cycles. As of December 2024, Schneider offered its services to approximately 7,850 customers, including nearly 134 Fortune 500 companies. 22 of Schneider’s top 25 customers used services from all three reportable
Slide 10: Our portfolio shaping is built on diligent capital allocation
Our portfolio shaping is built on diligent capital allocation, pursuit of profitable growth and delivering stakeholder value. Dedicated Dedicated $1,411 Intermodal Intermodal Dollars in millions. See Appendix for non-GAAP reconciliations. 10
Slide 11: Differentiators
Differentiators WHAT SETS US APART 11
Slide 12: Enterprise differentiation from the synergistic value of our multimodal portfolio
Enterprise differentiation from the synergistic value of our multimodal portfolio of services. Our unique strengths drive customer and shareholder value. Size and scale of complementary multimodal services provide optionality and flexibility of customer solutions, industry-leading service and growin
Slide 13: Truckload consists primarily of dedicated contract configurations
Truckload consists primarily of dedicated contract configurations, complemented by a trailer-centric network operation. Dedicated • Contracted, reliable and flexible capacity through freight cycles, including specialty services and equipment. • Multi-year contracts with over 90% renewal rates, servi
Slide 14: Intermodal delivers sustainable transportation
Intermodal delivers sustainable transportation by leveraging company-owned containers and chassis, company dray drivers and strategic rail relationships. • Experienced, scaled and reliable; one of the largest publicly-held intermodal carriers in North America. • Approximately 27,000 company-owned co
Slide 15: Logistics integrates all aspects of customer supply chains
Logistics integrates all aspects of customer supply chains to manage performance, minimize risk and maximize efficiencies. • Innovative technology and digital connectivity between our vast carrier and shipper networks for increased efficiency and visibility. • Resolving customers’ capacity needs thr
Slide 16: Continually enhancing our technology and digital solutions
DIFFERENTIATORS Continually enhancing our technology and digital solutions to stay flexible and ahead of the evolving needs of our customers, shippers and associates. • Our proprietary Schneider FreightPower® platform drives growth by advancing and simplifying core business processes, eliminating co
Slide 17: Our Strategy
Our Strategy WHERE WE ARE GOING 17
Slide 18: Our strategy centers around delivering a superior portfolio of services
Our strategy centers around delivering a superior portfolio of services, driving sustainable growth in revenue and earnings and long-term shareholder value. Strategic framework Optimize capital allocation across our strategic growth priorities of Dedicated, Intermodal and Logistics. Includes both or
Slide 19: Strategic growth drivers are Dedicated, Intermodal and Logistics
Schneider’s strategic growth drivers are Dedicated, Intermodal and Logistics. We have purposefully reshaped our multimodal portfolio since our April 2017 IPO to enable resiliency through cycles. 19
Slide 20: Committed to disciplined capital deployment and long-term shareholder value
Share repurchase program Committed to disciplined capital deployment and delivering long-term shareholder value. • Announced a $150 million, 3-year share repurchase program in February 2023; a complementary component to our capital allocation strategy. • Approximately $46.1 million remaining authori
Slide 21: Use-of-cash strategy is a balanced approach
Schneider’s use-of-cash strategy is a balanced approach to drive growth, shareholder returns and resilient financial performance. Dollars in millions. See Appendix for non-GAAP reconciliations. * Net debt leverage is used by the Company for debt covenant purposes which are in filed agreements with t
Slide 22: Trends that drive our strategy and future growth
Trends that drive our strategy and future growth. Truckload Trend: Customers value committed contract freight to ensure reliability and resiliency in their supply chains. Schneider Response • Operate a scaled Network business that delivers value in the irregular route freight market. • Grow and inve
Slide 23: Why invest in SNDR?
Why invest in SNDR? Positioned for value creation and growth at the forefront of the transportation industry. Diversity of customers and end markets. • Enhances enterprise resiliency through business cycles. • Enables customer optionality across portfolio of services. • Provides additional growth op
Slide 24: Current Results and Outlook
Current Results and Outlook HOW WE DELIVER 24
Slide 25: Current Results
Current Results We delivered results for the quarter in line with our expectations while navigating the fluid operating environment. All our reportable segments improved revenues, earnings and margin year over year. Our multimodal platform of services provides customers with optionality Mark Rourke
Slide 26: 1Q25 Enterprise Results
1Q25 Enterprise Results Operating revenues Revenues excluding fuel surcharge • Revenues excluding fuel surcharge of $1.3 billion were the second highest for a first quarter in Schneider history. • Nearly 50% improvement in adjusted income from operations year-over-year. • Adjusted Operating ratio 96
Slide 27: 1Q25 Truckload Results
Revenues excluding Income from 1Q25 Truckload Results fuel surcharge operations • Dedicated average trucks, including our recently acquired Cowan business, grew 27% year-over-year and we continued to execute our plan to restore Network to profitability. • Revenues increased 14% year-over-year due to
Slide 28: 1Q25 Intermodal Results
Revenues excluding Income from 1Q25 Intermodal Results fuel surcharge operations • Revenues increased 5% year-over-year primarily due to volume growth of 4% and improved revenue per order. • Earnings increased 97% year-over-year. In addition to volume growth and improved revenue per order, decreased
Slide 29: 1Q25 Logistics Results
Revenues excluding Income from 1Q25 Logistics Results fuel surcharge operations • Diversification of our Logistics service offerings, and effective net revenue management, enabled by our industry-leading technology, allowed us to improve earnings and margin compared to a year ago. • Revenues increas
Slide 30: Outlook
Outlook We have made significant progress in structurally positioning our business to be nimble through our commercial, cost, asset efficiency, and capital allocation actions. These efforts have allowed us to deliver through uncertainty and to be in a position to capitalize on our enhanced Darrell C
Slide 31: Appendix
STH AVERSA Appendix aS
Slide 32: Non-GAAP Reconciliations
Non-GAAP Recon—Revenues Excluding Fuel Surcharge1 Non-GAAP Recon—Adjusted Income from Operations1 ($M) FY17 1Q24 1Q25 FY24 ($M) 1Q24 1Q25 Operating revenues $4,384 $1,319 $1,402 $5,291 Income from operations $29 $42 Less: fuel surcharge 386 156 144 576 Amortization of intangible assets2 1 2 revenues