Analyst Conference September 23, 2014 Marta R. Stewart Executive - - PowerPoint PPT Presentation
Norfolk Southern Investor and Financial Analyst Conference September 23, 2014 Marta R. Stewart Executive Vice President Finance and Chief Financial Officer Cash From Operations ($ billions) $3.23 $3.07 $3.08 $2.72 $2.71 $2.33 $2.21
September 23, 2014 Marta R. Stewart Executive Vice President Finance and Chief Financial Officer
2006 2007 2008 2009 2010 2011 2012 2013 $2.21 $2.33 $2.72 $1.86 $2.71 $3.23 $3.07 $3.08
($ billions)
21
Cash from Operations
Reinvest in Existing Asset Base Invest for Growth Pay Dividend Repurchase Shares
2006 2007 2008 2009 2010 2011 2012 2013
Reinvested and PTC Growth Dividends Shares
($ millions)
21
2006 through 2013
Capital Expenditures Share Repurchases Dividends
$13.2 Billion $12.1 Billion*
$8.1 Billion $4.0 Billion
* See reconciliation of Total Shareholder Distributions to GAAP posted on our website, www.nscorp.com.
2006 through 2013
Dividends Share Repurchases
$8.1 Billion $4.0 Billion
* See reconciliation of Total Shareholder Distributions to GAAP posted on our website, www.nscorp.com.
17% CAGR
137M shares
Tom Werner Vice President & Treasurer
Shareholder Value
Customer Needs Service Infrastructure Efficiency
Core vs. Growth vs. PTC 66% 24% 10%
Maintain the franchise, invest in business growth.
Define Benefits Define Costs Model and Analyze Audit
Chicago Elkhart Butler Cleveland Bellevue
18 line of road projects between Chicago and Cleveland
Toledo
Chicago Elkhart Butler Cleveland
18 line of road projects between Chicago and Cleveland
Toledo
Chicago Elkhart Butler
Cleveland Bellevue
18 line of road projects between Chicago and Cleveland
Toledo
Forecast Business Develop Operating Plan Improve Infrastructure Analyze Return
Construction
Adjust for New State
Forecast Business Develop Operating Plan Improve Infrastructure Analyze Return Adjust for New State Manage Risk