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Company Profile

Werner Enterprises, Inc. (Werner), Omaha NE, was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America. Werner maintains its corporate headquarters in Omaha, Nebraska, and maintains offices in the United States, Canada and Mexico. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. The Werner Logistics portfolio includes North American truck brokerage, freight management, intermodal and final mile services.

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CSR Update
September 2022

4Q22 Financial Results

Revenues

$861.5M

revenues

+13%

Y/Y

Operating Income

$88.4M (10%) Y/Y

GAAP

$89.9M (11%) Y/Y

non-GAAP

EPS

$0.94 (18%) Y/Y

GAAP

$0.99 (14%) Y/Y

non-GAAP

*See GAAP to Non-GAAP Reconciliation included in 4th Quarter 2022 Earnings Press Release found in the News and Events section of our Investor Relations website.

Investor Presentation Deck

Why Invest In Werner

Consistent & Flexible Execution of 5Ts + S Strategy

Consistent & Flexible Execution of DRIVE Strategy

  • In 2022, produced record revenues and adjusted EPS
  • In 2022, achieved lowest work injury rate in the last 17 years
  • Werner Edge enhanced IT
  • In 2022, we achieved the lower DOT preventable accident rate per million miles in the last 10 years
Increasing Free Cash Flow

Increasing Free Cash Flow

  • Five consecutive years of strong FCF (2018-2022)
  • Free cash flow of $131M in 2022
  • Investment focused on maintaining a new truck/trailer fleet with the latest safety/equipment technology
Disciplined Capital Allocation

Disciplined Capital Allocation

  • Debt of $694M, Equity of $1,444M (as of 12/31/22)
  • LT goal range of net debt to EBITDA of 0.5x to 1.0x
  • Quarterly dividends since July 1987, increased dividend rate by 11% in 1Q21, 20% in 2Q21 and another 8% in 2022
  • Returned 78% of net income to shareholders (2018-2022), $395M dividends and $385M shares repurchased
  • Acquired premier truckload carrier, Baylor Trucking in October 2022
  • Acquired leading asset-light logistics provider and truckload carrier, ReedTMS in November 2022
Leading Edge Technology

Leading Edge Technology

  • Partnership with Mastery Logistics Systems to accelerate supply chain automation
  • 100% of fleet equipped with collision mitigation, automated manual transmissions and forward-facing cameras
  • Collaborating with Kodiak Robotics and Aurora to test 24/7 long-haul autonomous freight operations
  • In 3Q22, signed letter of intent to purchase 500 Cummins 15-liter hydrogen internal combustion engines
Committed to Environmental, Social & Governance Goals

Committed to Environmental, Social & Governance Goals

  • Launched Corporate Social Responsibility update report in September 2022
  • Earned 2021 SmartWay Excellence Award from the EPA for the fifth consecutive year and eight of last nine years
  • Purchased a battery diesel hybrid vehicle and initiated purchases of 10 BEV (battery electric vehicle) trucks
  • Established stand-alone ESG subcommittee at Board of Directors level
  • Increased the female board percentage to 44% and blended gender & diversity percentage to 56%
Core Values
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