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SERVE VALUES Passion for Performance High Ethical Standards Work as a Team TOGETHER SERVE 2021 Investor Day GROW NIM What you need to know : PSR initiatives driving significant service product and efficiency improvements Driving Operational Excellence to Create Safer , More Reliable and Efficient Service Product Improving Safety ✔Ever evolving programs Empowering team to identify and mitigate risks ✔ Leveraging technology to reduce risks and incidents Simplifying Our Network Flexible transportation plans to adjust to evolving customer needs • Repurposing infrastructure to meet market demand and enter new markets UP programs : Increasing Capital Efficiency Improving processes and implementing technology to reduce total cost of ownership by : Modernizing locomotive fleet Increasing equipment reliability Leveraging data to work smarter Implementing new technologies to improve customer experience and optimize their businesses Mobile Work Order Train Builder software Sensing technology Implementing Next Generation Technology TOGETHER Al based optimization NetControl logistics platform Automated processes Energy Management System Maximizing fuel efficiency and PTC integration . 9,500 9,000 Growing Train Length ( Max on Route , in Feet ) 8,500 8,000 7,500 7,000 6,500 10 2Q 5012 2018 3012 4Q 10 Improving fuel efficiency and reducing carbon footprint 3Q 4Q 2019 PSR Efficiency Gains¹ 130 % Rail Cleaner Technology Improving traction to reduce average locomotives per train 21 % Car terminal dwell Locomotive productivity Efficient and employee friendly processes ¹ Full year 2018 compared to first quarter 2021 20 Tracks infrastructure health ✔Reduces manual tasks and improves asset management -30 % 1 1Q 20 Reducing Fuel Consumption and Participating in Energy Transition UNION PACIFIC 119 % 2020 16 % Freight car velocity 3Q 4Q Workforce productivity Faster solutions for customers Exploring New Locomotive Technologies Lower operational costs Adapt to future requirements 2021 Alternative energy locomotives to further reduce carbon footprint