Union Pacific Corporation · NYSE:UNP

Union Pacific — Stephens Annual Investment Conference 2021

5 slides from Union Pacific's conference presentation, Dec 1, 2021

  1. Slide 1: Cautionary Information

    Jennifer Hamann – Executive Vice President and Chief Financial Officer December 1, 2021 Cautionary Information This presentation and related materials contain statements about the Company’s future that are not statements of historical fact, including specifically the statements regarding the Company

  2. Slide 2: Operations – A Challenging Year; Fourth Quarter Volume Outlook

    Operations – A Challenging Year Key Performance Metrics October YTD 2021 vs. October YTD 2020 Freight Car Freight Car Locomotive Velocity Terminal Dwell Productivity Train Length (Daily Miles per Car) (Hours ) (GTMs per HP Day) (Max on Route, in Feet) 9,408 205 23.6 134 7% 4% 1% 8,984 Intermodal Tri

  3. Slide 3: Growth Focus Undeterred; Reducing our Carbon Footprint

    Growth Focus Undeterred • Leveraging PSR benefits to open up new markets – More reliable and consistent service product – Lower cost structure helps our customers grow in the marketplace • Providing sustainability benefits to customers 5 Reducing our Carbon Footprint Reduce absolute GHG • We move on

  4. Slide 4: Modified 2021 Guidance Still Produces Record Year; Strong Cash Generation & Returns

    Modified 2021 Guidance Still Produces Record Year • Full Year Volume Growth of 4% • Productivity of ~$250 Million • Operating Ratio Improvement of ~150 Basis Points • Pricing Gains in Excess of Inflation Dollars • Capital Spending < 15% of Revenue • Dividend Target Payout of 45% of Earnings • Strong

  5. Slide 5: Questions

    Questions 9

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