Slides
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UBS Global Industrials and Transportation Conference Kevin Boone EVP and Chief Financial Officer Mike Cory EVP and Chief Operating Officer 12.02.2025
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Forward Looking Disclosure This information and other statements by the company may contain forward -looking statements within the meaning of the Private Se curities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost -savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management’s pla ns, strategies and objectives for future operations, and management’s expectations as to future performance and operations and the time by which objectives will be achieved, statements concerning proposed new services, and statements regarding future economic, industry or market condition s or performance. Forward-looking statements are typically identified by words or phrases such as “will,” “should,” “believe,” “expect,” “anticipa te,” “project,” “estimate,” “preliminary” and similar expressions. Forward-looking statements speak only as of the date they are made, and the company under takes no obligation to update or revise any forward-looking statement. If the company updates any forward -looking statement, no inference should be drawn that the company will make additional updates with respect to that statement or any other forward -looking statements. Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ ma terially from that anticipated by any forward-looking statements. Factors that may cause actual results to differ materially from those contemplate d by any forward- looking statements include, among others; (i) the company’s success in implementing its financial and operational initiatives; (ii) changes in domestic or international economic, political or business conditions, including those affecting the transportation industry (such as t he impact of industry competition, conditions, performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated with safety and security; (v) the outcome of claims and litigation involving or affecting the company; (vi) natural events such as severe weather conditions or pandemic health crises; and (vii) the inherent uncertainty associated with projecting economic and business conditions. Other important assumptions and factors that could cause actual results to differ materially from those in the forward -looking statements are specified in the company’s SEC reports, accessible on the SEC’s website at www.sec.gov and the company’s website at www.csx.com. 2025 UBS Global Industrials and Transportation Conference
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Quarter-to-Date Market Update 3 Market Conditions vs. Expectations ~$30M Coal impact from Providence Forge derailment ~$10M Automotive impact from aluminum and chip shortage Metals benefiting from steady project activity and strength in scrap markets Minerals and Fertilizers supported by solid end-market demand International Intermodal slowing after previous pull- forward activity, domestic volumes remain strong Coal affected by VA derailment, offset by favorable Utility demand Chemicals and Forest Products still challenged by soft industrial environment Export market conditions remain weak for Ag & Food Near-term constraints for Automotive from chip and aluminum supply Q4 Expected EBIT Effects 2025 UBS Global Industrials and Transportation Conference