Investor Presentaiton

Business Units Agricultural Products Strong Franchise Increasing US Yields High global grain supplies and strong U.S. dollar are continuing headwinds Consumer Products • Strong long-term opportunity for highway- to-rail conversion New Service Products • Ocean carrier fundamentals BNSF BVSE 415443 LY BNS BAILWE Coal • Long-term challenges . Regulatory uncertainty •Impact of weather, renewables and natural gas Industrial Products Petrochemical Expansion Development of unit train origins and destinations • Low oil prices & modal shift to pipeline impacting petroleum products BN SF 651 478 BNSF 20

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