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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 Report
November 2023

3Q23 Financial Results

Revenues

$817.7M

revenues

(1%)

Y/Y

Operating Income

$37.9M (50%) Y/Y

GAAP

$41.9M (47%) Y/Y

non-GAAP

EPS

$0.37 (57%) Y/Y

GAAP

$0.42 (53%) Y/Y

non-GAAP

*See GAAP to Non-GAAP Reconciliation included in 2nd Quarter 2023 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 lowest 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 $690M, Equity of $1,512M (as of 9/30/23)
  • 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, 2Q22 and 8% in 2Q23
  • 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 2Q23, started testing the X15N Cummins natural gas engine
Committed to Environmental, Social & Governance Goals

Committed to Environmental, Social & Governance Goals

  • Published 2023 Corporate Social Responsibility update report in November 2023
  • Earned 2021 SmartWay Excellence Award from the EPA for the fifth consecutive year and eight of last nine years
  • In 2Q23, announced new digital freight platform, Werner Bridge
  • Started transporting freight in 2Q23 with first two Freightliner eCascadia battery electric vehicles
  • Established stand-alone ESG subcommittee at Board of Directors level
  • Increased the female board percentage to 56% and blended gender & diversity percentage to 67%
Core Values
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