J B Hunt Transport Services : Q2 2022 Earnings Presentation

J.B. HUNT TRANSPORT SERVICES, INC.

Q2 2022 Results

D I S C L O S U R E

This presentation and discussion may 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 statements. These statements are based on J.B. Hunt's current plans and expectations and involve risks and uncertainties that could cause future activities and results of operations to be materially different from those set forth in the forward-looking statements. For further information, please refer to J.B. Hunt's reports and filings with the Securities and Exchange Commission.

DISTINCT & COMPLEMENTARY BUSINESSES

Intermodal (JBI)

• Largest, 100% 53' high-cube container fleet
• Largest drayage fleet in North America
• Priority loading and unloading at major rail terminals

Dedicated Contract Services (DCS)

• Fleet creation, conversion, and augmentation
• Design & implementation of value-driven supply chain solutions
• On-sitemanagement

Integrated Capacity Solutions (ICS)

• Non-assetbased offering of dry van, flatbed, refrigerated, expedited, and LTL services.
• 40- and 20-foot box domestic and international containers and international intermodal services
• Services to all 50 States, Canada, and Mexico

Truckload (JBT)

• One of the largest capacity networks in North America
• Instant tracking via the Internet
• GPS trailer tracking

Final Mile Services (FMS)

• Largest final mile asset network in the US
• Provider of both asset and non-asset big and bulky delivery and installation services
• Nationwide fulfillment and retail-pooling distribution services

80%

70%

60%

50%

40%

30%

20%

10%

0%

	2Q 2022 Revenue Mix
	7%
	7%
		JBI
16%		DCS
48%	ICS
	JBT

FMS

22%

Percentage of 2Q 2022 Operating Income

by Business Segment

57%

25%

7%7%4%

JBI

DCS

ICS

JBT

FMS

2Q 2022 RESULTS VS. 2Q 2021

OVERVIEW

2Q 2022 Revenue:

$3.84 billion; up 32%

2Q 2022 Revenue, excl FSC:

$3.16 billion; up 21%

2Q 2022 Operating Income:

$353.1 million; up 46%

2Q 2022 EPS:

$2.42 vs. $1.61; up 50%

SEGMENT PERFORMANCE

Intermodal (JBI)

Revenue: $1.83 billion; up 42%

Operating Income: $202.5 million; up 50%

Dedicated Contract Services (DCS)

Revenue: $863 million; up 39%

Operating Income: $89.2 million; up 13%

Integrated Capacity Solutions (ICS)

Revenue: $623 million; up 3%

Operating Income: $23.6 million; up 658%

Truckload (JBT)

Revenue: $269 million; up 46%

Operating Income: $25.0 million; up 76%

Final Mile Services (FMS)

Revenue: $257 million; up 21% Operating Income $12.8 million; up 20%

2Q RESULTS CONSOLIDATED

$12,000

$10,000

$8,000

$6,000

$4,000

$2,000

$-

Revenue

(in millions)

$12,168

$9,165 $9,637

$8,615

$7,190

$6,165 $6,188$6,555

$5,585

$3,838

$2,908

2013 2014 2015 2016 2017 2018 2019 2020 2021 2Q 21 2Q 22

		Operating Income
			(in millions)	$1,046
$1,000
$800
	$716	$721	$681	$734	$713
$577
$632	$624
$600
					$353
$400
					$242
$200

$- 2013 2014 2015 2016 2017 2018 2019 2020 2021 2Q 212Q 22

Diluted EPS

$7.00				$7.14
	$6.18
$6.00
	$4.43	$4.77	$4.74
$5.00
$3.66	$3.81
$4.00
$2.87$3.16
$3.00
			$1.61	$2.42
$2.00
$1.00
$-

2013 2014 2015 2016 2017 2018 2019 2020 2021 2Q 212Q 22