#1Investor presentation Fourth quarter 2021 SCHNEIDER® 70 SCHNEIDER#2Investor relations contact information Steve Bindas, Director 920-592-SNDR [email protected] Disclaimer and forward- looking statements Special Note Regarding Forward-Looking Statements This presentation, and certain information that management may discuss in connection with this presentation, contains forward-looking statements, within the meaning of the United States Private Securities Litigation Reform Act of 1995, which are intended to come within the safe harbor protection provided by such Act. These forward-looking statements reflect our current expectations, beliefs, plans, or forecasts with respect to, among other things, future events and financial performance and trends in our business and industry. Forward-looking statements are often characterized by words or phrases such as "may," "will," "could," "should," "would,” “anticipate,” “estimate," "expect," "project," "intend,” “plan,” “believe,” “target," "prospects," "potential," "forecast," and other words, terms, and phrases of similar meaning. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks, and uncertainties. Readers are cautioned that a forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statement. Risks and uncertainties that could cause our actual results to differ materially from those contained in the forward-looking statements include, among others, those discussed in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission (SEC) as well as in other sections of the Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Q and other filings with the SEC. Non-GAAP Financial Measures Reconciliation This presentation, and certain information that management may discuss in connection with this presentation, references certain non-GAAP financial measures, including revenues (excluding fuel surcharge), adjusted income from operations, adjusted net income, adjusted diluted earnings per share (EPS), adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), and free cash flow. Reconciliations of the non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are in an appendix to this presentation. Management believes the use of these non-GAAP measures assists investors in understanding our business. The non-GAAP information provided is used by our management and may not be comparable to similar measures disclosed by other companies. The non-GAAP measures used herein have limitations as analytical tools, and you should not consider them in isolation, or as substitutes, for analysis of our results as reported under GAAP. 2 Investor presentation SCHNEIDER#3Current quarter "Our enterprise achieved record earnings of over $530 million in 2021," said Mark Rourke, Chief Executive Officer and President of Schneider. "These results are a direct reflection of our strategic initiatives to grow across our portfolio, with an emphasis on dedicated, intermodal, and logistics. Dynamic network management, new business wins in dedicated, growth in our intermodal container fleet, and increased leverage of the Schneider Freight Power® platform were all contributors to meaningful margin expansion in the quarter and the year. I am deeply grateful to all of our associates, especially our professional driver community, for their ongoing efforts to advance our strategies." "On December 31, 2021, we acquired 100% of the equity interest in Midwest Logistics Systems, Ltd. (MLS), a leading dedicated carrier in the central United States. With the acquisition of MLS, we are on track to generate $1 billion in dedicated revenues." "As we look ahead, we anticipate that the supply and demand conditions experienced in 2021 will extend well into 2022," Rourke commented. "We expect continued capital allocation toward both organic and inorganic growth opportunities to further differentiate our platform." The path forward SCHNEIDER "In 2022, we anticipate continued excess demand conditions with gradual supply chain improvement as the year progresses," Rourke commented. "We will continue to invest in our drivers and technology, reduce our tractor age of fleet, and support our strategic initiatives to grow dedicated, intermodal, and logistics. Based on these and other market expectations, our guidance for full year 2022 adjusted diluted EPS is $2.35 $2.55 which includes MLS. We expect a full-year effective tax rate of approximately 25%, and our net capital expenditures guidance for full year 2022 is approximately $450 million." Investor presentation#4Leading North American transportation services company Iconic Orange Brand > A $5.6 billion company founded in 1935 in Green Bay, WI with a long-standing history of service, reliability and supply-chain value creation. > Comprehensive North American footprint with industry leading safety, culture and performance. > Three business segments of significant size and scale-Truckload, Intermodal and Logistics - with different asset intensities, enabling sustainable, resilient and profitable growth in all market conditions. > Broad portfolio of services offering multi-mode optionality to our customers. > Industry technology leader and innovator - within our proprietary Schneider Freight Power® technology infrastructure, best-in-class decision science, automation, Al, visibility and network management capabilities. > Strong financial position built on diligent capital allocation, the relentless pursuit of organic and acquisitive profitable growth and delivering shareholder value. 4 Investor presentation PERTAL SCHNEIDER SCHNEIDER SCHNEIDER#5Schneider overview Proven for miles Safety first and always Every day!!!!! We move over 93000on Freight miles per day (Truckload, Intermodal, Brokerage) and Schneider loads circle the globe over 3780 times per day That's why we have: with 6,416 SCHNEIDER Drivers who've driven over one million cumulative 938 CURRENT miles safely 100% Theft-free loads in 2021 Which couldn't be done without Approximately 9,000 company tractors Approximately 62,300 company trailers and containers Approximately 2,400 owner-operator business relationships and Logistics manages approximately $3.0 billion in third-party freight per year Over 50,000 Approximately 16,050 qualified carrier associates relationships worldwide Years in 85+ business: est. 1935 ©2022 Schneider ENT-IG-213-S-FEB2021 Does not include MLS SCHNEIDER Company drivers 14% hired with military experience: Annual operating $5.6 revenues billion Investor presentation#6Fourth quarter 2021 Key Takeaways > Truckload revenues increased 11% compared to 4Q20 due to effective revenue and network management and new dedicated business, partially offset by a lower Truckload network fleet count and a decrease in miles per tractor due to industry-wide capacity and supply chain constraints. Truckload operating ratio was 83.3% in 4Q21 compared to 86.2% in 4Q20. > Intermodal revenues increased 18% compared to 4Q20 primarily due to increased revenue per order. Intermodal operating ratio was 82.8% in 4Q21 compared to 90.8% in 4Q20. > Logistics revenues increased 46% compared to 4Q20 due in part to growth of the Schneider Freight Power® platform and its agility in a dislocated freight market. Logistics operating ratio of 93.2% in 4Q21 compared to 94.2% in 4Q20. Metric¹ 4Q21 4Q20 Operating Revenues $1,575 $1,265 Revenues (xFSC) $1,445 $1,192 Adj Income from $177 $106 Operations Adj Net Income $136 $78 Adj Diluted EPS $0.76 $0.44 Adj EBITDA Notes: 1 See Appendix for non-GAAP reconciliation. In millions, except for per share amounts. 6 Investor presentation $253 $181 SCHNEIDER#7Diversity of customers and end-markets served supports resiliency and growth through business cycles. Diverse end-market footprint: 2021 Revenues (xFSC)¹ Retail 22% All Other 2 34% Revenues (xFSC)¹ 2017 42% Food and Beverage 13% Broadening customer base: change in customer concentration¹ 28% 51% 10% Consumer Products 9% 11% 62% 38% Home Improvement 8% Transportation 6% Auto 4% Online-only retail 4% 2021 60% 40% 58% Intermodal and Logistics ☐ Truckload Based on sum of Truckload, Intermodal and Logistics only 2011 2021 Number 1-10 Number 11-20 All others Income from Operations 31% 2017 69% Intermodal and Logistics 2021 47% 53% Truckload Based on sum of Truckload, Intermodal and Logistics only As of December 31, 2021, Schneider offered its services to approximately 8,500 customers, including nearly 200 Fortune 500 companies. Of Schneider's top 25 customers, 24 used services from all three reportable segments. Notes: 1 Based on Enterprise Revenues (excluding fuel surcharge). See Appendix for non-GAAP reconciliation. 2 "All Other" includes Apparel, Electronics, Paper, Chemical, Construction, Energy, Furniture, Medical, Metal, Plastics and other miscellaneous industries. SCHNEIDER Investor presentation 7#8Multi-modal provider of significant size and scale $5,164 277 $4,454 $4,281 $4,235 $3,997 209 Enterprise revenues (xFSC) 1,2 262 280 196 1,809 1,024 935 834 1,129 956 780 1,008 1,143 975 Adjusted income from operations² Free cash flow² Notes: 1 Table may not sum due to rounding. 2 In millions. See Appendix for non-GAAP reconciliation. 3 Other is net of intercompany eliminations. SCHNEIDER 2,187 2,265 2,077 1,851 1,935 2017 2018 2019 2020 2021 Logistics ☐ Other³ Truckload ☐ Intermodal $384 $306 $282 $301 $533 2017 2018 2019 2020 2021 $109 $235 $381 $329 $295 2017 2018 2019 2020 2021 Investor presentation 8#9ESG: a shared commitment to a sustainable future We are committed to operating one of the most energy efficient fleets in North America. > Utilizing diverse modes of transportation. > Collaborating with the most energy-efficient railroads and third-party carriers. > Relentlessly working to improve MPG through truck design, equipment, drivers and operations. > In-house engineers partnering with equipment OEMs to test and validate breakthrough technologies, including full zero emissions and battery electric initiatives. > Testing our first battery electric vehicle in Intermodal drayage in Southern California. > Pursuing additional grants to fund expanded BEV usage. > Equipping new tractors with battery-powered auxiliary power units to reduce idling of main engines. Our commitments extend beyond the road: > Thought-leadership and advocacy. > Driver education and training. ➤ Facility greening. > Sustainable intermodal partners. 7.5% by 2025 Reduced CO2 emissions per mile. Net zero by 2035 For all company-owned facilities. 2X Intermodal size by 2030 Reducing emissions by additional 700M pounds per year. 60% by 2035 Reduced CO2 emissions per mile. 9 Investor presentation#10Schneider: technology is in our DNA Every day, our freight technology and innovation for shippers, carriers and drivers automates processes, enables visibility, and delivers powerful insights to maximize efficiency on every shipment. Shippers FreightPower Shipper Portal API or EDI SCHNEIDER Order Execution Financials Company drivers In-cab tablet $ Schneider FreightPower® Third-party carriers FreightPower Carrier Automation Intelligence Owner- operators Accelerate Owner-operator portal Investor presentation 10#11SCHNEIDER® Appendix#12Non-GAAP reconciliation - revenues excluding fuel surcharge¹ ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Operating revenues $4,384 $4,977 $4,747 $4,553 $5,609 $1,575 $1,265 Less: Fuel surcharge revenues 386 523 466 318 445 130 74 Revenues (excluding fuel surcharge) $3,997 $4,454 $4,281 $4,235 $5,164 $1,445 $1,192 Notes: 1 Table may not sum due to rounding. SCHNEIDER Investor presentation 12#13Non-GAAP reconciliation - adjusted income from operations¹ ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Income from operations $280 $376 $208 $287 $534 $178 $105 Litigation² 6 13 (14) (14) Goodwill impairment³ 2 35 11 11 Duplicate chassis costs4 15 I I WSL contingent (14) consideration adjustment Acquisition-related costs 2 2 Restructuring charges 64 1 2 Adjusted income from operations $282 $384 $306 $301 $533 $177 $106 Notes: 1 Table may not sum due to rounding. 2 2018-Costs associated with the settlement of a lawsuit that challenged Washington state labor law compliance; 2020-Costs resulting from an adverse ruling related to an excise tax audit by the IRS for tax years 2011-2013; 2021-Subsequent recovery of 2020 taxes and interest. 3. The Company recorded impairment charges for its Asia reporting unit in 2018 and 2021 and a full impairment of its FTFM reporting unit in 2019. 4 As of December 31, 2017, the Company completed its migration to an owned chassis model, which required the replacement of rented chassis with owned chassis. Accordingly, the Company adjusted its income from operations for rental costs related to idle chassis as rented units were replaced. 5 Represents a fair value adjustment to the contingent consideration related to the acquisition of Watkins Shepard and Lodeso (WSL). 6 Advisory, legal, and accounting costs related to the December 31, 2021 acquisition of MLS. 7 Activity associated with the shutdown of the FTFM service offering. 13 Investor presentation SCHNEIDER#14Non-GAAP reconciliation – adjusted net income¹ ($M) Net income FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 $390 $269 $147 $212 $405 $134 $77 6 13 (14) (14) 2 35 11 11 Litigation Goodwill impairment Duplicate chassis costs 15 WSL contingent consideration adjustment Acquisition-related costs (14) I I 2 2 I I Restructuring charges 64 1 I I 2 Tax Cuts and Jobs Act² (230) I . Income tax adjustment³ (1) (2) (25) (4) 3 3 Adjusted net income $161 $275 $220 $222 $407 $136 $78 Notes: 1 Table may not sum due to rounding. 2 Represents the effect on deferred assets and liabilities of the change in the federal income tax rate from 35% to 21% as a result of the Tax Cuts and Jobs Act enacted in December 2017. 3 Tax impacts are calculated using the applicable consolidated federal and state effective tax rate, modified to remove the impact of tax credit and adjustments not applicable to the specific items. SCHNEIDER Investor presentation 14#15Non-GAAP reconciliation - adjusted EBITDA¹ ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Net income $390 $269 $147 $212 $405 $134 $77 Provision for (benefit from) (127) 96 51 71 137 45 25 income taxes Interest expense - net 17 13 8 10 10 3 3 Depreciation and amortization 279 291 293 291 296 76 74 Other - net (1) (1) 2 (7) (19) (4) 1 Litigation 6 13 (14) (14) I Goodwill impairment I 2 35 11 11 Duplicate chassis costs 15 I I WSL contingent (14) I consideration adjustment Acquisition-related costs 2 2 1 Restructuring charges 64 1 2 Adjusted EBITDA $561 $675 $599 $591 $829 $253 $181 Notes: 1 Table may not sum due to rounding. SCHNEIDER 15 Investor presentation#16Non-GAAP reconciliation - free cash flow¹ ($M) FY2017 FY2018 FY2019 FY2020 FY2021 4Q21 4Q20 Net cash provided by $461 $567 $636 $618 $566 $170 $149 operating activities Purchases of (389) (385) (335) (275) (399) (103) (144) transportation equipment Purchases of other (33) (37) (62) (50) (50) (16) (11) property and equipment Proceeds from sale of 70 91 90 87 178 33 32 property and equipment Net capital expenditures (352) (332) (307) (237) (271) (86) (122) Free cash flow $109 $235 $329 $381 $295 $84 $27 Non-GAAP reconciliation - adjusted diluted earnings per share¹ FY2020 FY2021 4Q21 4Q20 Diluted earnings per share $1.19 $2.28 $0.75 $0.43 Non-GAAP adjustments, 0.06 0.01 0.01 0.01 tax effected Adjusted diluted earnings per share $1.25 $2.29 $0.76 $0.44 Notes: 1 Table may not sum due to rounding. SCHNEIDER Investor presentation 16