#1Investor presentation First quarter 2022 IANA 2659 NEIDER NOTICE SCHNEIDER 1101#2Investor relations contact information Steve Bindas, Director 920-357-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, 2021 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 "During our five years as a public company, we have achieved meaningful progress toward our strategic objectives," said Mark Rourke, Chief Executive Officer and President of Schneider. "We set out to build a leading multimodal transportation platform that operates at scale and and is resilient through business cycles. The progress we have made, as further evidenced by our first quarter results, provides momentum and excitement for the future." "During the first quarter, revenue management and new dedicated business helped mitigate inflationary cost pressures and ongoing capacity headwinds in our network truckload business. Our recent acquisition, MLS, is performing well and we have begun to realize anticipated synergies," Rourke continued. "Revenue per order grew 16% in our Intermodal segment, supported by container additions and effective revenue management, while our Logistics segment, augmented by expansion of our Power Only offering and Schneider FreightPower®, grew both revenue and earnings over the prior year and delivered a record operating ratio of 92.3%." The path forward "We anticipate steady improvements to network and supply chain fluidity throughout 2022," Rourke commented. "Based on our first quarter results and company-specific market positioning, our updated full year adjusted diluted earnings per share guidance is $2.55-$2.70, an increase from our prior guidance of $2.35-$2.55. Our full year guidance for net capital expenditures is updated to $500 million, up from approximately $450 million." SCHNEIDER 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. CHNEIDER FFF Investor presentation schneiderjobs.com SCHNEIL SCHNED STICKS HIGHONLY SCHNEIDE C 125-T 53 SCHNEIDER#5Schneider overview SCHNEIDER over 9,300,000 freight miles per day 87 years in business (founded in 1935) $5.6 billion annual operating revenues 6,416 938 drivers who've driven over one million miles safely current drivers who've driven over one million miles safely over 378 number of times Schneider loads circle the globe per day 100% theft-free loads in 2021 $3.0 billion in third-party freight managed per year* 16,930 associates worldwide* 10,300 company tractors* 67,900 company trailers and containers* over 50,000 qualified carrier relationships* 2,400 owner-operator business relationships* 14% company drivers with military experience *Number is an approximate. **Associates, tractors, trailers, and containers include MLS. Investor presentation#6First quarter 2022 Key Takeaways > Truckload revenues increased 21% compared to 1Q21 due to dedicated new business growth, the inclusion of MLS, and favorable revenue and network management, partially offset by a lower Truckload network fleet count and lower productivity mainly related to early first quarter COVID-impacts. Truckload operating ratio was 78.2% in 1Q22 compared to 91.5% in 1Q21. > Intermodal revenues increased 18% compared to 1Q21 due to increased revenue per order, which improved 16% compared to the prior year, and volume growth despite fluidity challenges. Intermodal operating ratio was 87.1% in 1Q22 compared to 92.2% in 1Q21. > Logistics revenues increased 53% compared to 1Q21 due to increased revenue per order and 24% brokerage volume growth over the prior year. Logistics operating ratio of 92.3% in 1Q22 compared to 95.5% in 1Q21. Metric¹ 1Q22 1Q21 Operating Revenues $1,621 $1,229 Revenues (xFSC) $1,455 $1,138 Adj Income from $148 $76 Operations Adj Net Income $102 $55 Adj Diluted EPS $0.57 $0.31 Adj EBITDA Notes: 1 See Appendix for non-GAAP reconciliation. In millions, except for per share amounts. 6 Investor presentation $232 $149 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) Operating revenues Less: Fuel surcharge revenues Revenues (excluding fuel surcharge) Notes: 1 Table may not sum due to rounding. FY2017 FY2018 FY2019 FY2020 FY2021 1Q22 1Q21 $4,384 $4,977 $4,747 $4,553 $5,609 $1,621 $1,229 386 523 466 318 445 166 90 $3,997 $4,454 $4,281 $4,235 $5,164 $1,455 $1,138 SCHNEIDER Investor presentation 12#13Non-GAAP reconciliation - adjusted income from operations¹ ($M) FY2017 FY2018 FY2019 FY2020 FY2021 1Q22 1Q21 Income from operations $280 $376 $208 $287 $534 $135 $76 Litigation and audit assessments² 6 13 (14) 64 . Goodwill impairment³ Duplicate chassis costs4 15 WSL contingent (14) consideration adjustment Acquisition-related costs Restructuring charges 2 35 I 64 1 11 2 I I Property gain net (51) Adjusted income from operations $282 $384 $306 $301 $533 $148 $76 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 excise tax ruling in 2020 related to an excise tax audit by the IRS for tax years 2011-2013; 2021- Subsequent recovery of 2020 taxes and interest. 2022- Includes a $59.0M adverse judgment related to a lawsuit with former owners of WSL and $5.2M of charges related to an adverse audit assessment for state sales tax on rolling stock equipment used within that state. 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. 13 Investor presentation SCHNEIDER#14Non-GAAP reconciliation – adjusted net income¹ FY2017 FY2018 FY2019 FY2020 FY2021 1Q22 1Q21 $390 $269 $147 $212 $405 $92 $55 6 13 (14) 64 1 ($M) Net income Litigation and audit assessments Goodwill impairment Duplicate chassis costs 15 WSL contingent consideration adjustment Acquisition-related costs Restructuring charges (14) 2 35 I 64 1 11 I 2 I I I Property gain - net I (51) I Tax Cuts and Jobs Act² (230) I Income tax adjustment³ (1) (25) (4) 3 (3) Adjusted net income $161 $275 $220 $222 $407 $102 $55 1 Table may not sum due to rounding. 2 Represents the effect on deferred assets and liabilities of the change in the federal income tax rate from 35% to 21% as a result of the Tax Cuts and Jobs Act enacted in December 2017. 3 Tax impacts are calculated using the applicable consolidated federal and state effective tax rate, modified to remove the impact of tax credit and adjustments not applicable to the specific items. Notes: SCHNEIDER Investor presentation 14#15Non-GAAP reconciliation - adjusted EBITDA¹ ($M) FY2017 FY2018 FY2019 FY2020 FY2021 1Q22 1Q21 Net income $390 $269 $147 $212 $405 $92 $55 Provision for (benefit from) (127) 96 51 71 137 31 18 income taxes Interest expense - net 17 13 8 10 10 2 3 Depreciation and amortization 279 291 293 291 296 84 73 Other - net (1) (1) 2 (7) (19) 9 1 Litigation and audit assessments 6 13 (14) 64 1 Goodwill impairment I 2 35 11 I Duplicate chassis costs 15 I I WSL contingent (14) I consideration adjustment Acquisition-related costs Restructuring charges 64 1 2 I I Property gain - net (51) Adjusted EBITDA $561 $675 $599 $591 $829 $232 $149 Notes: 1 Table may not sum due to rounding. SCHNEIDER 15 Investor presentation#16Non-GAAP reconciliation - free cash flow¹ ($M) FY2017 FY2018 FY2019 FY2020 FY2021 1Q22 1Q21 Net cash provided by $461 $567 $636 $618 $566 $136 $101 operating activities Purchases of (389) (385) (335) (275) (399) (60) (19) transportation equipment Purchases of other (33) (37) (62) (50) (50) (14) (10) property and equipment Proceeds from sale of 70 91 90 87 178 65 32 property and equipment Net capital expenditures (352) (332) (307) (237) (271) (10) 3 Free cash flow $109 $235 $329 $381 $295 $126 $105 Non-GAAP reconciliation - adjusted diluted earnings per share¹ FY2020 FY2021 1Q22 1Q21 Diluted earnings per share $1.19 $2.28 $0.52 $0.31 Non-GAAP adjustments, 0.06 0.01 0.06 0.00 tax effected Adjusted diluted earnings per share $1.25 $2.29 $0.57 $0.31 Notes: 1 Table may not sum due to rounding. SCHNEIDER Investor presentation 16