Marten Transport, Ltd. · NASDAQ:MRTN
Marten Transport — Q1 2022 Earnings Presentation
17 slides from Marten Transport's earnings presentation, April 2022
Slide 1: WAI Te]
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Slide 2: Disclosure
Disclosure This presentation and discussion will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “anticipates,” “intends,” “estimates,” or similar expressions are intended to identify these forward-looking statem
Slide 3: Consistently Improving Operating Results No Matter the Market Environment
Consistently Improving Operating Results No Matter the Market Environment Each year since 2018 has had a very different market environment Each year from 2018 through 2021 set the then-current record for our highest annual operating revenue and operating income. We also achieved in each of 2020 and
Slide 4: Consistent Profitable Growth During the Pandemic
Consistent Profitable Growth During the Pandemic Quarter-over-quarter for the eight consecutive quarters of the pandemic, we have delivered consistently improving top- and bottom-line results Operating Results throughout the Pandemic – Percentage Increase Over Same Quarter of Prior Year Q1 2022 Q4 2
Slide 5: Expanding Regional Operating Centers Network
Expanding Regional Operating Centers Network THE FOUNDATION of Marten’s growing business platform network designed for the best, most-efficient transportation service solutions for Marten’s customers • Truckload – regional temp and dry and OTR operating from 15 regional service centers (66% temp/34%
Slide 6: Marten's Solar Commitment
Lg eed Tractor Auxiliary Power Unit and Refrigerated Trailer Power Unit Integration + Nationwide Terminal and Office Installations Mondovi Memphis Carlisle Dallas Richmond Laredo Atlanta Jurupa Valley Tampa Phoenix Kansas City Portland Indianapolis In Partnership with All Energy Solar, St. Paul, MN
Slide 7: Marten's Consistent Dedicated, Intermodal and Brokerage Growth
Marten’s Consistent Dedicated, Intermodal and Brokerage Growth Dedicated Revenue (excluding fuel surcharges) Intermodal Revenue (excluding fuel surcharges) In millions In millions $300 $100 21% 2% 22% 9% $275 $90 $250 (9)% 3% $225 20% $80 22% $70 $200 $175 $60 $150 $50 $125 $40 $100 17% 32% $30 $75
Slide 8: Consistent Growth in Quarterly Operating Income Across Dedicated, Intermodal and Brokerage
Consistent Growth in Quarterly Operating Income Across our Dedicated, Intermodal and Brokerage Businesses Since 2014 Dedicated Operating Income Intermodal Operating Income In thousands In thousands $12,000 $5,400 705% 641% 316% 943% 256% $4,600 $10,000 $3,800 $8,000 262% >100% $3,000 283% $6,000 $2,
Slide 9: Consistent Growth in Dry Regional Truckload Operations through the Pandemic
Consistent Growth in Dry Regional Truckload Operations through the Pandemic -We built our regional service centers with the vision to expand into dry operations – a market 5X > temp -Operating out of our Kansas City, Phoenix, Atlanta and Tampa facilities through 2021 -Q1 ’22 initiated expansion of o
Slide 10: Net Capital Expenditures
Net Capital Expenditures In millions $153 $160 $141.7 $140 $123.7 $120 $106.3 $104.8 $100 $80 $60 $40 $20 $0 2018 2019 2020 2021 2022 Estimate
Slide 11: Marten People, Model and Culture/Data-Driven Measured/Disciplined Management
Marten People, Model and Culture/Data-Driven Measured/Disciplined Management COVID-19 Pandemic has required accelerated disciplined data management changes • Marten people initiate and implement our strategic vision and key strategic initiatives • Marten people developed and continuously update our
Slide 12: Record Improvement in Marten's Revenue Excluding Fuel Surcharges
Consistent Record Improvement in Marten’s Revenue Excluding Fuel Surcharges -2021 was the 11th straight year with our highest operating revenue excluding fuel s/c -Q1 ’22 operating revenue excluding fuel s/c improved 24% over Q1 ’21 In millions $900 8% 7% $800 9% 8% $700 4% 2% 8% $600 3% 5% 3% 11% $
Slide 13: Record Improvement in Marten's Operating Income no Matter the Environment
Consistent Record Improvement in Marten’s Operating Income no Matter the Environment -Each year from 2018 through 2021 we had the then-best operating income in our history -Q1 ’22 we had the best operating income for any quarter in our history In millions $120 20% $110 $100 22% $90 9% $80 24% $70 20
Slide 14: Record Improvement in Marten's Operating Ratio, Net of Fuel S/C
Consistent Record Improvement in Marten’s Operating Ratio, Net of Fuel S/C -In each of 2020 and 2021 we achieved our then-best ratios for any year since we became a public company in 1986 -Q1 ’22 we had our best ratio for any quarter since we became a public company 94% 93.5% 93% 92.0% 92% 91.2% 91.
Slide 15: Improvement in Marten's Earnings – Cents Per Diluted Share
Consistent Improvement in Marten’s Earnings – Cents Per Diluted Share(1) -2021 improved 23% over 2020 -Q1 ’22 improved 53% over Q1 ’21 $1.10 23% $1.00 $0.90 13% $0.80 11% 62%(2) $0.70 $0.60 $0.50 10% 20% (3)% -%(2) $0.40 12% (2)% 53% 23% $0.30 21% $0.20 $0.10 $0.00 2009 2010 2011 2012 2013 2014 2015
Slide 16: Q1 '22 Stock Buyback and 50% Increase in Quarterly Cash Dividend
Q1 ’22 Stock Buyback and 50% Increase in Quarterly Cash Dividend Reflecting our confidence in Marten’s financial strength and commitment to enhancing stockholder value, we repurchased and retired 1.3 million shares of our common stock for $25 million and increased our regular quarterly cash dividend
Slide 17: Consistently Improving Operating Results
Consistently Improving Operating Results Nothing has changed since Chris Henry wrote this in Dec. 2018: “Quarter-over-quarter, year-over-year, Marten Transport (NASDAQ: MRTN) has delivered consistent, top quartile results. Key word is consistent. When compared to many of the others, you don’t see ve