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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2020 CSR Report

3Q21 Financial Results

Revenues

$702.9M

revenues

+19%

Y/Y

Operating Income

$71.3M + 15% Y/Y

GAAP

$73.9M + 15% Y/Y

non-GAAP

EPS

$0.94 + 41% Y/Y

GAAP

$0.79 + 14% Y/Y

non-GAAP

*See GAAP to Non-GAAP Reconciliation included in 3rd Quarter 2021 Earnings Press Release found in the News and Events section of our Investor Relations website.

Why Invest In Werner

Consistent & Flexible Execution of 5Ts + S Strategy

Consistent & Flexible Execution of 5Ts + S Strategy

  • Record operating income and adjusted EPS for full-year 2020 and first, second and third quarter 2021
  • In 2020, achieved lowest annual accident rate per million-miles in the last 28 years
  • In 2020, achieved lowest work injury rate in the last 15 years
  • Two new full-service driver and maintenance facilities  opened in 2021 in Lake City, FL and Lehigh Valley, PA
  • Werner Edge enhanced IT
Increasing Free Cash Flow

Increasing Free Cash Flow

  • Four consecutive years of growing FCF (2017-2020)
  • Free cash flow of $180M in 2020 increased 25.8% from 2019
  • Investment focused on maintaining a new truck/trailer fleet with the latest safety/equipment technology
Disciplined Capital Allocation

Disciplined Capital Allocation

  • Debt of $350M, Equity of $1,343M (as of 9/30/21)
  • 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 and another 20% in 2Q21
  • Returned 100% of net income to shareholders (2018-2020), $334M dividends and $171M shares repurchased
  • Acquired 80% ownership interest in ECM Transport Group in July 2021
Leading Edge Technology

Leading Edge Technology

  • Partnership with Mastery Logistics Systems to accelerate supply chain automation
  • Investment in TuSimple to take an active role in the development of autonomous trucking technology
  • 100% of fleet equipped with collision mitigation, automated manual transmissions and forward-facing cameras
Committed to Environmental, Social & Governance Goals

Committed to Environmental, Social & Governance Goals

  • Launched inaugural Corporate Social Responsibility report 7/27/21
  • Earned 2021 SmartWay Excellence Award from the EPA for the fifth consecutive year
  • Testing electric and hydrogen trucks
  • Appointed new AVP-Diversity, Inclusion and Learning and AVP of Sustainability in 1Q21
  • Increasing Board talent and diversity (4 of 9 directors)
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