J B Hunt Transport Services : Q3 2020 Earnings Presentation

J.B. HUNT

Q3 2020 RESULTS

DISCLOSURE

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)

3Q 2020 Revenue Mix

• 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)

7%

4%

JBI

• Fleet creation, conversion, and augmentation

18%

DCS

• Design & implementation of value-driven supply chain solutions

49%

ICS

• On-site management

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

FMS

JBT

22%

international intermodal services

• Services to all 50 States, Canada, and Mexico

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

Truckload (JBT)

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

Percentage of 3Q 2020 Operating Income/(Loss) by Business Segment

80%
	62%
60%			46%
40%
20%
						1%	2%
0%
	JBI		DCS		ICS		FMS		JBT
-20%
				-11%
-40%

3Q 2020 RESULTS VS. 3Q 2019

OVERVIEW

3Q 2020 Revenue:

$2.47 billion; up 5%

3Q 2020 Revenue, excl FSC:

$2.30 billion, up 9%

3Q 2020 Operating Income:

$175.5 million; up 5%

3Q 2020 EPS:

$1.18 vs. $1.10, up 7%

SEGMENT PERFORMANCE

Intermodal (JBI)

Revenue: $1.21 billion; down 2%

Operating Income: $108.4 million; up 22%

Dedicated Contract Services (DCS)

Revenue: $553 million; up 1%

Operating Income: $80.4 million; up 5%

Integrated Capacity Solutions (ICS)

Revenue: $431 million; up 28%

Operating Loss: $(18.3) million; compared to $(5.6) million in 3Q'19

Final Mile Services (FMS)

Revenue: $182 million; up 22%

Operating Income: $2.1 million; up 13%

Truckload (JBT)

Revenue: $109 million; up 16%

Operating Income: $2.9 million; down 55%