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

2Q22 Financial Results

Revenues

$836.3M

revenues

+29%

Y/Y

Operating Income

$74.9M (3%) Y/Y

GAAP

$77.6M (2%) Y/Y

non-GAAP

EPS

$1.12 + 6% Y/Y

GAAP

$0.87 + 1% Y/Y

non-GAAP

*See GAAP to Non-GAAP Reconciliation included in 1st 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 5Ts + S Strategy

  • Record first quarter 2022 operating income and EPS, the seventh consecutive quarter of record quarterly adjusted EPS
  • In 2021, achieved lowest work injury rate in the last 16 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

  • Five consecutive years of strong FCF (2017-2021)
  • Free cash flow of $140M in 2021
  • Investment focused on maintaining a new truck/trailer fleet with the latest safety/equipment technology
Disciplined Capital Allocation

Disciplined Capital Allocation

  • Debt of $426M, Equity of $1,341M (as of 3/31/22)
  • 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 and another 20% in 2Q21
  • Returned 84% of net income to shareholders (2018-2021), $363M dividends and $275M shares repurchased
  • Acquired leading final mile carrier NEHDS Logistics, LLC in November 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
  • In April 2022, launched a commercial pilot with autonomous truck start-up Aurora Innovation to test autonomous trucks between Ft. Worth and El Paso
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 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
  • Increasing Board talent and diversity (4 of 9 directors)
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