Type. Genesee & Wyoming Inc. September 11, Dahlman Rose & Co. 1 st Annual Global Transportation Conference
|
|
- Lester Rich
- 5 years ago
- Views:
Transcription
1 Type Genesee & Wyoming Inc. Dahlman Rose & Co. 1 st Annual Global Transportation Conference September 11, 2008
2 Forward-looking Statements This presentation contains forward-looking statements regarding future events and the future performance of Genesee & Wyoming Inc. that involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, economic conditions, customer demand, increased competition in the relevant market and others. The Company refers you to the documents that it files from time to time with the Securities and Exchange Commission, such as the Company s Forms 10-Q and 10-K, which contain additional important factors that could cause its actual results to differ from its current expectations and from the forward-looking statements discussed during this presentation. Genesee & Wyoming Inc. disclaims any obligation to update the forwardlooking statements contained in this presentation. 1 1
3 Agenda 1. Overview 2. Management Priorities 3. Current Trends 4. Acquisitions 5. Financial Overview 2 2
4 Overview 3
5 Overview Listed on NYSE (GWR): Current market capitalization of approximately $1.5 billion Five Year Earnings Per Share CAGR of 26% from continuing operations LTM (1) Revenues of $559 million Core Free Cash Flow of approximately $80 million (2) Active acquisition market and strong balance sheet 4 (1) Last Twelve Months Ended June 30, 2008 (2) Core free cash flow is a non-gaap measure and is reconciled to its most comparable GAAP measure, operating cash flow. Reconciliation of non-gaap financial measures is posted in the Investors section of 4
6 52 railroads organized in nine operating regions 5 5
7 Recent Acquisition Activity April 7 Rotterdam Rail Feeding ($22.5 million + $2.4 million contingent) Last-mile rail service Extends GWI port franchise May 30 CAGY Industries Inc. ($74.4 million + $18.6 million contingent) 3 short lines at center of GWI s Southern Region Diversified customer base; New electric arc furnace August 4 Announced Ohio Central Acquisition ($219.0 million + $25.0 million contingent) 9 short lines adjacent to GWI s NY/PA Region Diversified customer base; Coal, MSW and Steel 6 6
8 Management Priorities 7
9 8 8
10 GWI Management Priorities 1. Continuous Safety Improvement 2. Service and Customer Focus 3. Efficient Use of Capital 4. Regional Autonomy Combined with Centralized Support 9
11 2008 Injury Frequency Rate We are a safety leader in the rail industry... 0 Injuries Genesee & 1.42* Wyoming Inc. Class I (e.g., Burlington Northern, CSX, Norfolk Southern, Union Pacific) 1.5 FRA Group 2 (Medium railroads, e.g., DM&E, Florida East Coast, Montana Rail Link, NJ Transit) 2.8 FRA Group 3 (U.S. short line railroads) * GWI results through August; all others through June Rate per 200,000 man hours worked 10
12 Overall Satisfaction with Genesee & Wyoming vs. Other Transportation Service Providers Overall Satisfaction w/ Genesee & Wyoming (n = 300) 7.42 Overall Satisfaction w/ Trucking Industry (n = 281) 7.12 Overall Satisfaction w/ Railroad Industry (n = 298) Satisfaction (1-10 scale)
13 Efficient Use of Capital 1. Six Year Anniversary of GVA All executive compensation is linked to GVA (and safety) Asset intensive industry GWI is built on thousands of good capital decisions compounding effect 2. Efficient Investment in Acquisitions Efficient Investment in Operations Fit for purpose Careful attention to growth capital Public private partnerships
14 Regional Autonomy Combined with Centralized Support 1. Focused Regional Marketing Local Service, including small customers Revenue surge, after privatizations or Class I spin-offs 2. Lower Operating Costs Local accountability Lean shortline ethic and flexible union work rules 3. Efficient use of Capital GVA discipline Corporate guidance on major expenditures Continuous Safety Improvement Tone at the top Local, relentless
15 Current Trends 14 14
16 Volume Trends at GWI 1. Stability in Core Commodities Coal, Salt, Iron Ore and Ports Weak U.S. Dollar Benefits Exports (Industrials, Logs) 2. Weak Volumes in Certain Commodities Lumber / Paper / Closed Coal Mine Farm and Food Products (Australia) 3. Growth From New Customers Ethanol, Iron Ore, Wood Pellets, Intermodal 15 15
17 Diverse Freight Revenue Base Approximately 62% of Total Revenues LTM 6/30/2008 FREIGHT MIX Minerals & Stone 11% Chemical- Plastics 8% Petroleum Products Other 5% 4% Pulp & Paper 21% Lumber & Forest Products 10% Farm & Food Products 12% Metals 11% Coal, Coke & Ores 18% 16 16
18 LTM (1) Non-Freight Revenues Approximately 38% of Total Revenues 100% 75% Fuel Sales 17% Other 18% Cook, Australia ( Gas Station for Australian transcontinental trains) Crewing and equipment leasing in Australia Transload and drayage services 50% Freight- Related 25% Demurrage, storage, car repair & car hire 25% Switching 40% 9 port railroads (7 others also served) 28 industrial switching operations Contract coal loading at 14 mines (PRB) 0% 17 (1) Last Twelve Months Ended June 30, 2008 (not pro forma for acquistions). 17
19 Pricing Trends in U.S. & Canada YOY Change in Average Revenue Per Car (%) 10% 9% 8% 7% 6% 5% GWI Class 1s 4% 3% Source: J.P. Morgan & Company data (BNI, UP, CSX, NS, CN, CP) Excludes impact of fuel surcharges in and mix; 2008 C$ normalized to 2007 levels for GWI 18 18
20 Acquisitions 19 19
21 Acquisition Environment 32 Since 1985 Rail Lines of Industrial Companies (e.g., Georgia-Pacific) International Opportunities (e.g., Netherlands) Natural Resource Development Projects Class I Branch Lines (e.g., First Coast Railroad) Other Regional Railroads (e.g., CAGY) 20 20
22 Rotterdam Rail Feeding Shunting Contracts Port of Rotterdam 21 21
23 CAGY Industries 22 22
24 Ohio Central Railroad 23 23
25 Financial Overview 24 24
26 Revenues $ % CAGR $450.7 $559.2 $400 $350.4 $300 $270.5 $200 $213.2 $100 ($ in Millions) $ LTM (1) (1) Last Twelve Months Ended June 30, 2008
27 Operating Income $ % CAGR $75 $69.4 $81.7 $76.6* $103.1 $93.8* } Gains on Asset Sales $50 $25 $32.3 $32.1* $46.1 $66.2* ($ in Millions) $ LTM Operating Ratio 84.9% 83.0% 80.2% 81.9% 81.6% Operating Ratio Ex.Gains 85.0% 83.0% 81.1% 83.0% 83.2% * Operating income for each period has been adjusted for net gains on the sale of assets. Operating income for has also been adjusted for a $1.9 million gain on insurance recovery. 26
28 EPS From Continuing Operations 2006 Significant Items Impact $4.00 $2.00 ~ + ARG Transactions Bolivia Write-Down Net Impact $2.70 (0.14) $2.56 $4.07** $1.79** $ % CAGR $1.21 $1.51* $1.71* $1.00 $0.50 $0.64 $ $ LTM * Adjusted Earnings per share from Continuing Operations is a non-gaap financial measure adjustments exclude the ARG Sale and Bolivia write downs. LTM adjustments exclude the tax benefit associated with the ARG Sale. Additional information on the reconciliations of non-gaap financial measures presented above is posted in the Investors section of ** Reported.
29 Strong Balance Sheet $ in millions Cash & Equivalents June 30, 2008 $ 40.2 Debt: 4.85% Senior Notes due % Senior Notes due 2015 Floating Rate Senior Notes due 2012 Other Long Term Debt TOTAL LONG TERM DEBT Stockholders Equity TOTAL CAPITALIZATION Total Debt/Total Capitalization Net Debt/Total Capitalization $ $337.6 $474.2 $ % 36.6% 28 28
30 29 29
Type. Genesee & Wyoming Inc. NYSE Euronext & WJB Capital Growth Conference. Timothy J. Gallagher Chief Financial Officer
Type Genesee & Wyoming Inc. NYSE Euronext & WJB Capital Growth Conference Timothy J. Gallagher Chief Financial Officer Forward-looking Statements This presentation contains forward-looking statements regarding
More informationType. Fourth Quarter 2008 Earnings Call. February 11, 2009
Type Fourth Quarter 2008 Earnings Call February 11, 2009 Forward-looking Statements This presentation contains forward-looking statements regarding future events and the future performance of Genesee &
More informationSecond Quarter 2016 Earnings Call
Second Quarter 2016 Earnings Call August 1, 2016 1 Forward-Looking Statements This presentation contains forward-looking statements regarding future events and the future performance of that involve risks
More informationFourth Quarter 2017 Earnings Call
Fourth Quarter 2017 Earnings Call February 8, 2018 1 Forward-Looking Statements This presentation contains forward-looking statements regarding future events and the future performance of that involve
More informationFirst Quarter 2017 Earnings Call
First Quarter 2017 Earnings Call May 2, 2017 1 Forward-Looking Statements This presentation contains forward-looking statements regarding future events and the future performance of that involve risks
More informationSecond Quarter 2018 Earnings Call
Second Quarter 2018 Earnings Call July 27, 2018 1 Forward-Looking Statements This presentation contains forward-looking statements regarding future events and the future performance of Genesee & Wyoming
More informationGenesee & Wyoming Inc.
Genesee & Wyoming Jack Hellmann, President and CEO February 2017 1 Forward-Looking Statements This presentation contains forward-looking statements regarding future events and the future performance of
More informationGenesee & Wyoming. Jack Hellmann, President & CEO. February Genesee & Wyoming Inc.
Genesee & Wyoming Jack Hellmann, President & CEO February 2016 1 Forward-Looking Statements This presentation contains forward-looking statements regarding future events and the future performance of that
More informationGenesee & Wyoming Inc.
Genesee & Wyoming Inc. T. J. Gallagher, Chief Financial Officer Genesee & Wyoming Inc. 1 Forward Looking Statements This presentation contains forward-looking statements regarding future events and the
More informationFourth Quarter Earnings Release January 19, 2012
Fourth Quarter Earnings Release January 19, 2012 Jim Young, Chairman & CEO 1 Union Pacific Achieves Milestones Positives Record Financial Results Achieved in 4 th Quarter and Full Year Employee Safety
More informationGenesee & Wyoming Inc. November 2018
November 2018 1 Agenda 1. G&W Overview 2. Acquisitions & Investments 3. Business Update 2 Overview NYSE: Listed as GWR with ~$4.8B market capitalization Railroads: 122 with ~16,000 track miles (80% North
More informationFortress Transportation and Infrastructure Investors LLC. Supplemental Information Third Quarter 2018
Fortress Transportation and Infrastructure Investors LLC Supplemental Information Third Quarter 2018 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments
More informationFirst Quarter 2008 Earnings Conference Call
1 2008 Earnings Conference Call Proxy Statement Disclosure On February 22, 2008, CSX Corporation ("CSX") filed with the SEC a revised preliminary proxy statement in connection with its 2008 Annual Meeting.
More informationAnnual Report 2010 Annual Report 2010
Annual Report Annual Report 1 Chief Executive Officer s Letter to Shareholders 2 Management s Discussion and Analysis 49 Financial Statements 109 Five-Year Summary 111 Shareholder Information 113 Directors
More informationFORWARD LOOKING STATEMENTS
FORWARD LOOKING STATEMENTS The following investor presentation contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited, to Canadian Pacific
More informationCANADIAN NATIONAL RAILWAY COMPANY MANAGEMENT S DISCUSSION AND ANALYSIS (U.S. GAAP)
Management s discussion and analysis (MD&A) relates to the financial condition and results of operations of Canadian National Railway Company, together with its wholly-owned subsidiaries, collectively
More informationFourth Quarter 2012 Earnings Release
Fourth Quarter Earnings Release January 24, 2013 Jack Koraleski, CEO 1 Union Pacific Achieves Milestones Positives Fourth Quarter and Full Year Financial Results Employee Safety Customer Satisfaction Franchise
More informationFORWARD LOOKING STATEMENTS
FORWARD LOOKING STATEMENTS The following investor presentation contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited, to Canadian Pacific
More informationSecond Quarter 2016 Results
July 21, 2016 Second Quarter 2016 Earnings Release Lance Fritz Chairman, President & CEO 1 Second Quarter 2016 Results Earnings Per Share Second Quarter $1.43 $1.38 Earnings Per Share -15% Down 15% $1.17
More informationQuarterly Financial Review
Quarterly Financial Review Third Quarter 2005 Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 rs Contents Consolidated Statements of Income 2 Consolidated
More informationThird Quarter Third Quarter Quarterly Financial Review. Quarterly Financial Review
Quarterly Financial Review Third Quarter 2006 Third Quarter 2006 Quarterly Financial Review Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 Printed by
More informationJ.P. Morgan Aviation, Transportation & Industrials Conference
J.P. Morgan Aviation, Transportation & Industrials Conference March 14, ALAN H. SHAW Executive Vice President and Chief Marketing Officer 1 Forward-Looking Statements Certain statements in this presentation
More informationQuarterly Financial Review
Quarterly Financial Review Fourth Quarter 2005 Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 rs Contents Consolidated Statements of Income 2 Consolidated
More informationFORWARD LOOKING STATEMENTS
FORWARD LOOKING STATEMENTS The following investor presentation contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited, to Canadian Pacific
More informationThird Quarter 2014 Earnings Release
Third Quarter Earnings Release October 23, Jack Koraleski, CEO 1 Third Quarter Record Results Positives Best-Ever Quarter Operating Revenue Operating Income Operating Ratio Earnings Franchise Diversity
More informationFirst Quarter 2017 Results
April 27, 2017 First Quarter 2017 Earnings Release Lance Fritz Chairman, President & CEO 1 First Quarter 2017 Results Earnings Per Share First Quarter Operating Ratio First Quarter $1.16 +14% $1.32 First
More informationB a n k o f A m e r i c a M e r r i l l Ly n c h. May 16, 2013 Boston, MA. J i m Ve n a Executive Vice-President & Chief Operating Officer
B a n k o f A m e r i c a M e r r i l l Ly n c h G lobal Tr ansportation Conference May 16, 2013 Boston, MA J i m Ve n a Executive Vice-President & Chief Operating Officer FORWARD-LOOKING STATEMENTS The
More informationKansas City Southern Reports Record Fourth Quarter and Full-Year 2018 Results
KCS: Ashley Thorne, 816-983-1530, athorne@kcsouthern.com Kansas City Southern Reports Record Fourth Quarter and Full-Year 2018 Results Fourth Quarter 2018 Results Record fourth quarter revenues of $694
More informationDahlman Rose Global Transportation Conference September 8, Wick Moorman Chairman, President and CEO Norfolk Southern Corporation
Dahlman Rose Global Transportation Conference September 8, 2010 Wick Moorman Chairman, President and CEO Norfolk Southern Corporation Agenda Recent Financial Results Current Business Environment Productivity
More informationJ.P. Morgan Transportation Conference March 13, 2012
J.P. Morgan Transportation Conference March 13, 2012 Rob Knight, CFO 1 Cautionary Information This presentation and related materials contain statements about the Corporation s future that are not statements
More informationKansas City Southern Reports Record Fourth Quarter and Full-Year 2017 Results
KCS: Ashley Thorne, 816-983-1530, athorne@kcsouthern.com Fourth Quarter 2017 Results Kansas City Southern Reports Record Fourth Quarter and Full-Year 2017 Results Record fourth quarter revenues of $660
More informationFORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS The following investor presentation contains certain forwardlooking information within the meaning of applicable securities laws relating, but not limited, to Canadian Pacific
More informationFIRST QUARTER Quarterly Financial Data
2017 FIRST QUARTER Quarterly Financial Data Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 NORFOLK SOUTHERN RAILWAY SYSTEM CANADA ATLANTIC OCEAN NORFOLK SOUTHERN SYSTEM Not all
More information3. FORWARD-LOOKING INFORMATION
TABLE OF CONTENTS 1. BUSINESS PROFILE 1 2. STRATEGY 1 3. FORWARD-LOOKING INFORMATION 2 4. ADDITIONAL INFORMATION 2 5. FINANCIAL HIGHLIGHTS 3 6. OPERATING RESULTS 3 7. LINES OF BUSINESS 5 8. PERFORMANCE
More informationQuarterly Financial Review
Quarterly Financial Review Fourth Quarter 2004 Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 rh Contents Consolidated Statements of Income 2 Consolidated
More information1st Quarter 2009 Investors Report
1st Quarter 2009 Investors Report BURLINGTON NORTHERN SANTA FE CORPORATION INVESTORS' REPORT - UNAUDITED 1 st Quarter 2009 INDEX Page Earnings Press Release 1-3 Consolidated Income Information 4 Consolidated
More informationTHIRD QUARTER Quarterly Financial Data
2017 THIRD QUARTER Quarterly Financial Data Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 NORFOLK SOUTHERN RAILWAY SYSTEM CANADA ATLANTIC ATLA NTIC OCEAN NORFOLK SOUTHERN SYSTEM
More informationGenesee & Wyoming Inc.
Genesee & Wyoming Inc. Reconciliation of Non-GAAP Measures 3rd Quarter 2006 Earnings Conference Call Non-GAAP Reconciliation Free Cash Flow Free Cash Flow Description and Discussion Management views Free
More informationWIGenesee & Wyoming Inc Annual Report
WIGenesee & Wyoming Inc. 2002 Annual Report Financial Highlights (in thousands, except per share data) Years Ended December 31 2002 2001 Income Statement Data Operating revenues $209,540 $173,576 Operating
More informationQuarterly Financial Review
Quarterly Financial Review First Quarter 2007 Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 rs Norfolk Southern Railway System Contents Consolidated
More informationQuarterly Financial Review First Quarter 2003
Quarterly Financial Review First Quarter 2003 Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 Contents Consolidated Statements of Income...2 Consolidated
More informationUNION PACIFIC REPORTS RECORD FIRST QUARTER Diluted Earnings per Share up 39 Percent
UNION PACIFIC REPORTS RECORD FIRST QUARTER Diluted Earnings per Share up 39 Percent FOR IMMEDIATE RELEASE First Quarter Records Diluted earnings per share of $1.79 improved 39 percent. Operating revenues
More informationCautionary Information
February 13, 2018 Stifel Nicolaus Transportation & Logistics Conference Rob Knight CFO 1 Cautionary Information This presentation and related materials contain statements about the Company s future that
More informationFirst Quarter 2015 Financial Results April 20, 2015
First Quarter 2015 Financial Results April 20, 2015 Forward-Looking Statements The financial results in this presentation were determined on the basis of U.S. GAAP. Please refer to the website www.cn.ca/nongaap
More informationUnion Pacific Reports First Quarter Results First Quarter Diluted Earnings per Share up 9 Percent
Union Pacific Reports First Quarter Results First Quarter Diluted Earnings per Share up 9 Percent FOR IMMEDIATE RELEASE First Quarter Results Diluted earnings per share of $1.30 improved 9 percent. Operating
More informationUNION PACIFIC REPORTS RECORD FOURTH QUARTER AND FULL YEAR EARNINGS Operating Ratio Improves to 79.6 percent. Fourth Quarter 2006 Highlights
UNION PACIFIC REPORTS RECORD FOURTH QUARTER AND FULL YEAR EARNINGS Operating Ratio Improves to 79.6 percent FOR IMMEDIATE RELEASE: OMAHA, Neb., January 25, 2007 Fourth Quarter 2006 Highlights Record fourth
More information2018 FOURTH QUARTER EARNINGS CONFERENCE CALL. James M. Foote President and Chief Executive Officer
2018 FOURTH QUARTER EARNINGS CONFERENCE CALL James M. Foote President and Chief Executive Officer FORWARD LOOKING DISCLOSURE This information and other statements by the company may contain forwardlooking
More informationKansas City Southern Reports Fourth Quarter and Full-Year 2016
KCS: William H. Galligan, 816-983-1551, bgalligan@kcsouthern.com Fourth Quarter 2016 Results Kansas City Southern Reports Fourth Quarter and Full-Year 2016 Revenue of $599 million, unchanged from prior
More informationKansas City Southern Reports Second Quarter 2016
KCS: William H. Galligan, 816-983-1551, bgalligan@kcsouthern.com Second Quarter 2016 Results Kansas City Southern Reports Second Quarter 2016 Revenue of $569 million, a decrease of 3% from second quarter
More informationMedia Contact: William H. Galligan Phone: 816/
Media Contact: William H. Galligan Phone: 816/983-1551 bgalligan@kcsouthern.com Kansas City Southern Reports Record Fourth Quarter and Full-Year 2013 Revenues, Carloads and Operating Income Fourth Quarter
More informationKansas City Southern Reports Third Quarter Results
Media Contact: William H. Galligan Phone: 816/983-1551 bgalligan@kcsouthern.com Third Quarter 2015 Results Kansas City Southern Reports Third Quarter Results Revenue of $632 million, a decrease of 7% compared
More informationKansas City Southern Reports Record First Quarter Results
Kansas City Southern Reports Record First Quarter Results First Quarter 2018 Results Record first quarter revenues of $639 million, an increase of 5 from prior year on 1 volume growth Record first quarter
More informationCP reports record fourth-quarter and record full-year results on the strength of its operating model and disciplined approach in the marketplace
Release: January 18, 2018 CP reports record fourth-quarter and record full-year results on the strength of its operating model and disciplined approach in the marketplace Calgary, AB - Canadian Pacific
More informationUnion Pacific Reports Fourth Quarter and Full Year 2015 Results
NEWS RELEASE Union Pacific Reports Fourth Quarter and Full Year 2015 Results Fourth Quarter Operating Ratio of 63.2 percent FOR IMMEDIATE RELEASE Fourth Quarter Results Diluted earnings per share of $1.31
More informationGenesee & Wyoming Inc Annual Report. North America. Australia. U.K./Europe
Genesee & Wyoming Inc. 2015 Annual Report U.K./Europe Australia North America Genesee & Wyoming owns or leases 120 freight railroads worldwide that are organized in 11 operating regions with 7,500 employees
More information2008 BB&T Transportation Conference
2008 BB&T Transportation Conference February 14, 2008 Rob Knight, Chief Financial Officer Cautionary Information This presentation and related materials contain statements about the Corporation s future
More informationUnion Pacific Reports Best-Ever Quarterly Results Diluted Earnings per Share up 13 Percent
Union Pacific Reports Best-Ever Quarterly Results Diluted Earnings per Share up 13 Percent FOR IMMEDIATE RELEASE Best-Ever Quarterly Records Diluted earnings per share of $2.48 improved 13 percent. Operating
More informationUnion Pacific Reports Best-Ever Quarterly Results
Union Pacific Reports Best-Ever Quarterly Results Diluted Earnings per Share up 13 Percent FOR IMMEDIATE RELEASE Best-Ever Quarterly Records Diluted earnings per share of $2.37 improved 13 percent. Operating
More informationFORWARD LOOKING STATEMENTS
FORWARD LOOKING STATEMENTS The following investor presentation contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited, to Canadian Pacific
More informationUnion Pacific Reports All-Time Quarterly Records
Union Pacific Reports All-Time Quarterly Records Diluted Earnings per Share up 21 Percent FOR IMMEDIATE RELEASE All-Time Quarterly Records Diluted earnings per share of $1.43 improved 21 percent. Operating
More informationUNION PACIFIC REPORTS RECORD FOURTH QUARTER AND FULL YEAR EARNINGS. Fourth Quarter 2007 Records. Operating revenue totaled $4.2 billion, up 6 percent.
UNION PACIFIC REPORTS RECORD FOURTH QUARTER AND FULL YEAR EARNINGS FOR IMMEDIATE RELEASE: Fourth Quarter 2007 Records Operating revenue totaled $4.2 billion, up 6 percent. Operating income grew 7 percent
More informationFourth Quarter Earnings Conference Call. January 27, 2016
Fourth Quarter Earnings Conference Call January 27, 2016 1 Forward-Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of the safe harbor provision
More informationIn 2017, CP will continue to find opportunities to enhance the productivity, fluidity and safety of its operations.
Release: Immediate January 18, 2017 CP reports record low operating ratio for fourth quarter and full year amid challenging conditions Calgary, AB - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP)
More informationCautionary Information
September 6, Cowen & Company 10 th Annual Global Transportation Conference Rob Knight CFO 1 Cautionary Information This presentation and related materials contain statements about the Company s future
More informationUnion Pacific Reports Fourth Quarter and Full Year 2017 Results
NEWS RELEASE Union Pacific Reports Fourth Quarter and Full Year 2017 Results FOR IMMEDIATE RELEASE Omaha, Neb., January 25, 2018 Union Pacific Corporation (NYSE: UNP) today reported 2017 fourth quarter
More informationUNION PACIFIC REPORTS RECORD THIRD QUARTER EARNINGS
UNION PACIFIC REPORTS RECORD THIRD QUARTER EARNINGS Operating Income Gains 34 Percent FOR IMMEDIATE RELEASE Omaha, Neb., October 18, 2007 Strong Results Marked by All Time Quarterly Records Operating revenue
More informationQuarterly Financial Review
Second Quarter 2010 Quarterly Financial Review Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 Norfolk Southern Railway System Contents Consolidated
More informationMarket Capitalization $101.1 Billion. Sector: Industrials Sub-Industry: Railroads Source: S&P Weekly Price: (US$) SMA (50) SMA (100) 1 Year 2 Years
BUY HOLD SELL A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F December 10, 2017 BUY BUY RATING SINCE 12/07/2010 TARGET PRICE $148.37 BUSINESS DESCRIPTION Union Pacific Corporation, through its subsidiary, Union
More informationUnion Pacific Reports Record First Quarter Diluted Earnings per Share up 17 Percent
Union Pacific Reports Record First Quarter Diluted Earnings per Share up 17 Percent FOR IMMEDIATE RELEASE First Quarter Records Diluted earnings per share of $2.38 improved 17 percent. Operating revenues
More informationQuarterly Financial Review Fourth Quarter 2009
Quarterly Financial Review Fourth Quarter 2009 Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 rs Contents Consolidated Statements of Income 2 Consolidated
More informationUnion Pacific Reports All-Time Quarterly Records Third Quarter Diluted Earnings per Share up 23 Percent
Union Pacific Reports All-Time Quarterly Records Third Quarter Diluted Earnings per Share up 23 Percent FOR IMMEDIATE RELEASE All-Time Quarterly Records Diluted earnings per share of $1.53 improved 23
More informationInvestor Presentation. May 2018
Investor Presentation May 2018 Disclaimer and Forward-Looking Statements Special Note Regarding Forward-Looking Statements This presentation, and certain information that management may discuss in connection
More informationUNION PACIFIC REPORTS THIRD QUARTER EARNINGS Sets Record Third Quarter Operating Ratio in Tough Economy. Third Quarter 2009 Highlights
FOR IMMEDIATE RELEASE UNION PACIFIC REPORTS THIRD QUARTER EARNINGS Sets Record Third Quarter Operating Ratio in Tough Economy Third Quarter 2009 Highlights Operating income totaled $967 million, down 20
More informationCLIFFS NATURAL RESOURCES INVESTOR PRESENTATION JULY 2008
CLIFFS NATURAL RESOURCES INVESTOR PRESENTATION JULY 2008 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 A number of the matters discussed in this document that are not
More informationFourth Quarter 2018 Results
January 24, 2019 Fourth Quarter 2018 Earnings Release Lance Fritz Chairman, President & CEO 1 Fourth Quarter 2018 Results Earnings Per Share Fourth Quarter Operating Ratio Fourth Quarter $9.25 +39% $2.12
More informationFOR IMMEDIATE RELEASE OCTOBER 29, 2003 NORFOLK SOUTHERN REPORTS THIRD-QUARTER 2003 RESULTS
FOR IMMEDIATE RELEASE OCTOBER 29, 2003 NORFOLK SOUTHERN REPORTS THIRD-QUARTER 2003 RESULTS For the third quarter of 2003 vs. the same period of 2002: Net income rose 9 percent to $137 million. Intermodal
More informationDriving Efficiency. November Toronto Ontario
Driving Efficiency November 13 2008 Toronto Ontario 2008 CP April Investor 22, 2008 Day Forward looking statements The following investor presentation may contain forward-looking statements within the
More informationCredit Suisse 5 th Annual Industrials Conference November 29, 2017
Credit Suisse 5 th Annual Industrials Conference November 29, 2017 Cindy C. Earhart Executive Vice President and Chief Financial Officer 1 / Norfolk Southern Corporation Forward-Looking Statements Certain
More informationQuarterly Financial Review
First Quarter 2014 Quarterly Financial Review Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 Norfolk Southern Railway System Contents Consolidated Statements
More informationCautionary Information
May 17, 2016 Bank of America Merrill Lynch 2016 Transportation Conference Rob Knight CFO 1 Cautionary Information This presentation and related materials contain statements about the Company s future that
More information2016 BB&T Annual Transportation Services Conference
2016 BB&T Annual Transportation Services Conference February 10, 2016 Marta R. Stewart Executive Vice President Finance and Chief Financial Officer 1 Forward-Looking Statements Certain statements in this
More informationQuarterly Financial Review
Fourth Quarter 2010 Quarterly Financial Review Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 Norfolk Southern Railway System Contents Consolidated
More informationBB&T Transportation Services Conference February 15, 2012
BB&T Transportation Services Conference February 15, 2012 Rob Knight, CFO 1 Cautionary Information This presentation and related materials contain statements about the Corporation s future that are not
More informationPipeline Development and Expansion Conference. Crude-by-Rail A Short Line Railroad s Perspective 9/20/12
Pipeline Development and Expansion Conference Crude-by-Rail A Short Line Railroad s Perspective 9/20/12 Gary Lewis - RailAmerica SVP & Chief Commercial Officer Today s Agenda: TITLE TITLE TITLETITLE TITLE
More informationFORWARD LOOKING STATEMENTS
FORWARD LOOKING STATEMENTS The following investor presentation contains certain forward-looking information within the meaning of applicable securities laws relating, but not limited, to Canadian Pacific
More informationInvestor Presentation. February 2018
Investor Presentation February 2018 Disclaimer and Forward-Looking Statements Special Note Regarding Forward-Looking Statements This presentation, and certain information that management may discuss in
More informationQuarterly Financial Review
Second Quarter 2013 Quarterly Financial Review Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 7/20/2012 DRAFTB Norfolk Southern Railway System Contents
More informationBAML 2012 Global Transportation Conference May 17, 2012
BAML 2012 Global Transportation Conference May 17, 2012 Rob Knight, CFO 1 Cautionary Information This presentation and related materials contain statements about the Corporation s future that are not statements
More informationCautionary Information
February 13, 2019 Stifel 2019 Transportation & Logistics Conference Rob Knight CFO 1 Cautionary Information This presentation and related materials contain statements about the Company s future that are
More informationCautionary Information
November 29, 2017 Credit Suisse 5 th Annual Industrials Conference Rob Knight CFO 1 Cautionary Information This presentation and related materials contain statements about the Company s future that are
More informationCautionary Information
February 14, 2017 Stifel 2017 Transportation & Logistics Conference Rob Knight CFO 1 Cautionary Information This presentation and related materials contain statements about the Company s future that are
More informationCautionary Information
March 8, 2017 Raymond James 38 th Annual Institutional Investors Conference Rob Knight CFO 1 Cautionary Information This presentation and related materials contain statements about the Company s future
More informationDiluted earnings per share of $1.50 increased 10 percent. Operating income totaled $2.0 billion, up 3 percent.
NEWS RELEASE Union Pacific Reports Third Quarter 2017 Results Third Quarter Diluted Earnings per Share up 10 percent FOR IMMEDIATE RELEASE Third Quarter Results Diluted earnings per share of $1.50 increased
More informationUNION PACIFIC CORPORATION
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationBurlington Northern Santa Fe, LLC
Burlington Northern Santa Fe, LLC 2017 FIXED-INCOME INVESTOR CALL May 9, 2017 This presentation is intended to provide information to certain investors in Burlington Northern Santa Fe, LLC and BNSF Railway
More information2018 FIRST QUARTER CSX EARNINGS CONFERENCE CALL
2018 FIRST QUARTER CSX EARNINGS CONFERENCE CALL FORWARD LOOKING DISCLOSURE This information and other statements by the company may contain forward-looking statements within the meaning of the Private
More informationUNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationJ.P. Morgan Aviation, Transportation & Defense Conference
J.P. Morgan Aviation, Transportation & Defense Conference March 15, 2012 James A. Squires Executive Vice President Finance and Chief Financial Officer Norfolk Southern Update Current Status 1 st Qtr-to-date
More informationQuarterly Financial Review
Quarterly Financial Review Third Quarter 2007 Norfolk Southern Corporation Finance Department Three Commercial Place Norfolk, Virginia 23510.2191 rs Norfolk Southern Railway System Montréal Waterville
More informationHAUL LONG. INVESTING for the CN 935 de La Gauchetière Street West Montreal, Quebec H3B 2M9
CN 935 de La Gauchetière Street West Montreal, Quebec H3B 2M9 Stock Symbols: TSX: CNR NYSE: CNI 1-888-888-5909 Email: contact@cn.ca www.cn.ca La version française du présent rapport financier est disponible
More information