Acquisition of ECM Transport Group

DISCIPLINED CAPITAL ALLOCATION Continual and Consistent Investment in the 5Ts + S ▪ Reinvestments in new, feature rich trucks and trailers, including the latest safety technology, that extend sustainable competitive advantages for customers and drivers ▪ Werner Edge enhanced IT (better, faster, less expensive, more secure) Priorities Committed to Returning Cash to Shareholders ▪ 130K shares purchased for $5.5M in 1Q21, average price per share of $42 ▪ Continued quarterly dividends since July 1987; raised quarterly dividend by 11% in 1Q21 and another 20% in 2Q21 ▪ Will continue to consider bolt-on strategic acquisitions ■ Maintain a Strong and Flexible Financial Position ▪ Debt of $175M, Equity of $1.228B (as of 3/31/21) ▪ New loan borrowing of $100M for ECM acquisition 6/30/21 Long-term goal of net debt to EBITDA of 0.5x to 1.0x WERNER WE KEEP AMERICA MOVINGⓇ Capital Allocation History 2018-2020 $1.4B Dividends $334M 0.2x Share Buybacks $171M Pro Forma Net Debt to LTM EBITDA 0.6x 0.3x Reinvestment in 5 T's + S $899M 12/31/18 12/31/19 12/31/20 0.2x 0.4x 3/31/21 3/31/21 Pro Forma 7

View entire presentation