UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 2, 2015
KANSAS CITY SOUTHERN
(Exact name of company as specified in its charter)
DELAWARE | 1-4717 | 44-0663509 | ||
(State or other jurisdiction of incorporation) |
(Commission file number) |
(IRS Employer Identification Number) |
427 West 12th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (816) 983-1303
Not Applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 | Regulation FD Disclosure |
On December 2, 2015, Kansas City Southerns Executive Vice President Finance and Chief Financial Officer Michael W. Upchurch gave a presentation, including commentary on the fourth quarter revenues that the Company expects to be down high-single digits compared to the fourth quarter of 2014, at the Credit Suisse Industrials Conference at approximately 12:45 p.m. eastern time. The presentation given by Mr. Upchurch at this conference is included in this Form 8-K as Exhibit 99.1. Interested investors not attending the conference may listen to the presentation via a simultaneous webcast on KCS website at www.kcsouthern.com. A link to the replay will be available for 14 days following the event.
Item 9.01 | Financial Statements and Exhibits |
(d) | Exhibits |
Exhibit No. |
Description | |
99.1 | Presentation by Executive Vice President and Chief Financial Officer Michael W. Upchurch at the Credit Suisse Industrials Conference on December 2, 2015 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Kansas City Southern | ||||||
December 2, 2015 | By: | /s/ Adam J. Godderz | ||||
Name: | Adam J. Godderz | |||||
Title: | Corporate Secretary |
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Exhibit Index
Exhibit No. |
Description | |
99.1 | Presentation by Executive Vice President and Chief Financial Officer Michael W. Upchurch at the Credit Suisse Industrials Conference on December 2, 2015 |
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Exhibit 99.1
Kansas City Southern
Michael W. Upchurch
Executive Vice President Finance & CFO
Credit Suisse Industrials Conference
December 2nd, 2015
Kansas City Southern Lines
Kansas City Southern de Mexico
Panama Canal Railway Company
Safe Harbor Statement
This presentation contains forward-looking statements within the meaning of the securities laws concerning potential future events involving KCS and
its subsidiaries, which could materially differ from the events that actually occur. Words such as projects, estimates, forecasts, believes, intends, expects,
anticipates, and similar expressions are intended to identify many of these forward-looking statements. Such forward-looking statements are based upon information currently available to management and managements perception thereof
as of the date hereof. Differences that actually occur could be caused by a number of external factors over which management has little or no control, including: competition and consolidation within the transportation industry; the business
environment in industries that produce and use items shipped by rail; loss of the rail concession of KCS subsidiary, Kansas City Southern de México, S.A. de C.V.; the termination of, or failure to renew, agreements with customers, other
railroads and third parties; interest rates; access to capital; disruptions to KCS technology infrastructure, including its computer systems; natural events such as severe weather, hurricanes and floods; market and regulatory responses to
climate change; credit risk of customers and counterparties and their failure to meet their financial obligations; legislative and regulatory developments and disputes; rail accidents or other incidents or accidents on KCS rail network or at
KCS facilities or customer facilities involving the release of hazardous materials, including toxic inhalation hazards; fluctuation in prices or availability of key materials, in particular diesel fuel; dependency on certain key suppliers of
core rail equipment; changes in securities and capital markets; availability of qualified personnel; labor difficulties, including strikes and work stoppages; insufficiency of insurance to cover lost revenue, profits or other damages; acts of
terrorism or risk of terrorist activities; war or risk of war; domestic and international economic conditions; political and economic conditions in Mexico and the level of trade between the United States and Mexico; increased demand and traffic
congestion; the outcome of claims and litigation involving KCS or its subsidiaries; and other factors affecting the operation of the business. More detailed information about factors that could affect future events may be found in filings by
KCS with the Securities and Exchange Commission, including KCS Annual Report on Form 10-K for the year ended December 31, 2014 (File No. 1-4717) and subsequent reports. Forward-looking statements are not, and should not be
relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. As a result, actual outcomes and results may
differ materially from those expressed in forward-looking statements. KCS is not obligated to update any forward-looking statements to reflect future events or developments. All reconciliations to GAAP can be found on the KCS website,
kcsouthern.com/investors.
Kansas City Southern Lines
Kansas City Southern de
Mexico
Panama Canal Railway Company
© 2015 Kansas City Southern
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Revenue and Volume Trends Improving Sequentially
KCS Revenue and Carload Growth
Impacts of
F/X
Impacts of
U.S. Fuel Price
2%
-4%
-5%
-7%
Revenue
-3%
Carloads
3% Ag/Min volume growth QTD
- Strength in Food Products, Ores & Minerals
- Grain volumes in-line with expectations
Chemical & Petroleum volumes up 5%
strong refined product and plastics volumes
Strength in Crude Oil & Utility Coal volumes expected through December. Continuation of trends into 2016
dependent in large part on WCS/Maya spreads & natural gas prices
After a strong start to the quarter in October, Intermodal volumes decelerated in
November signaling an end to peak season.
Improving service levels positively impacting Automotive volumes which have turned positive QTD
* Q4 15 Revenue & Carload Growth as of 11/30/15
Kansas City Southern Lines
Kansas City Southern de Mexico
Panama Canal Railway Company
© 2015 Kansas City Southern
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