EX-99 2 0002.txt SLIDE PRESENTATION OF SWIFT TRANSPORTATION EXHIBIT 99 SLIDE 1 Swift Transportation Past Results Present Challenges M.S. Acquisition Expectations after Completion SLIDE 2 Revenues In Millions 23.4% Compound Annual Growth Rate 1991 $190 1992 $233 1993 $277 1994 $366 1995 $458 1996 $562 1997 $714 1998 $873 1999 $1,061 2000* $1,259 *Unaudited SLIDE 3 Revenue Growth (Year Over Year) 1990-91 21.8% 1991-92 22.6% 1992-93 18.7% 1993-94 32.1% 1994-95 25.2% 1995-96 22.7% 1996-97 26.9% 1997-98 22.4% 1998-99 21.5% 1999-2000* 18.6% *Unaudited 4 SLIDE 4 Operating Ratio As of 12/31 except as noted 1991 93.1 1992 92.2 1993 92.1 1994 88.8 1995 89.9 1996 90.5 1997 89.6 1998 88.7 1999 89.0 2000* 92.1 *Unaudited SLIDE 5 Net Earnings In Millions 1991 $6.5 1992 $9.8 1993 $12.3 1994 $22.6 1995 $23.0 1996 $27.4 1997 $41.6 1998 $55.5 1999 $66.8 2000 $52.6 SLIDE 6 Debt To Total Capitalization (As of 12/31 Except As Noted, Including Operating Line) 1993 28.1% 1994 45.7% 1995 40.5% 1996 18.3% 1997 22.6% 1998 30.5% 1999 30.0% 2000* 39.6% *Unaudited 5 SLIDE 7 Strong Financial Position In Millions December 31, 2000 Total Debt* $286.6 (Including Operating Line) Equity* $436.7 Total Capitalization* $723.3 Debt to Capital Ratio* 39.6% *Unaudited SLIDE 8 Present Challenges SLIDE 9 Industry Challenges o Economy a. Consumer Confidence b. Disposable Income o Fuel o Drivers o Used Truck Values o Insurance o Interest Rates SLIDE 10 New Truck Orders January 1999 19,731 February 1999 26,078 March 1999 30,051 April 1999 20,312 May 1999 24,163 June 1999 26,019 July 1999 19,202 August 1999 16,450 September 1999 18,706 6 October 1999 17,117 November 1999 16,618 December 1999 10,956 January 2000 17,643 February 2000 13,699 March 2000 11,565 April 2000 11,500 May 2000 9,942 June 2000 14,172 July 2000 8,736 August 2000 11,850 September 2000 11,302 October 2000 9,844 November 2000 8,422 December 2000 9,902 *Est. SLIDE 11 [This slide contains an article written by Howard S. Abramson entitled "Trucking Faces `Upheaval' From Used Truck Glut, Hebe Says". The article was printed in the Transport Topics, Week of January 29, 2001 edition.] SLIDE 12 Earnings Per Share (In Dollars) 1st Quarter* 1996 .04 1997 .10 1998 .14 1999 .19 2000 .17 2nd Quarter* 1996 .12 1997 .16 1998 .21 1999 .27 2000 .26 3rd Quarter* 1996 .16 1997 .20 1998 .24 1999 .29 2000 .24 7 4th Quarter* 1996 .15 1997 .18 1998 .25 1999 .28 2000 .16 Yearly Total 1996 .47 1997 .64 1998 .85 1999 1.02 2000* .82 *Unaudited SLIDE 13 Swift not affected except - Economy SLIDE 14 Competitors - Bankruptcy Total Trucking Failures (on a quarterly basis) vs. Average Retail Diesel Fuel Price (Including Taxes) Slide contains chart demonstrating the correlation between total trucking failures and average retail diesel fuel prices Source: A.G. Edwards, American Trucking Association, and DunBradstreet SLIDE 15 M.S. Acquisition o Close by July 1, 2001 o Run as subsidiary through Jan 1, 2002 o Plan to have fully integrated by Jan 1, 2002 o Largest, etc. - Number 1 in revenue - Number 1 in earnings - Number 1 in tractors - Number 1 in trailers - Number 1 stockholder equity - Number 1 in market value o Mexico 8 SLIDE 16 Expectations after Completion SLIDE 17 Growth In Customer Revenues 2000 vs. 1999 Top 5 Customers +26.5% 6-10 Customers +12.3% 11-15 Customers +55.6% 16-25 Customers +35.1% 26-50 Customers +37.8% Top 50 In Total +23.8% SLIDE 18 Top 5 Customers Swift M.S. Carriers ----- ------------- Kmart Sears Target Federal Express Costco Philips Electronics Sears Family Dollar - Dedicated WalMart Home Depot SLIDE 19 Savings o Bulk fuel - $2.5 million o Fuel economy o Insurance o Personnel o Terminals, drop lots, security o Purchasing power o Better balance of freight 9 SLIDE 20 Insurance Swift M.S. 1996 3.6% 5.5% 1997 3.2% 4.4% 1998 2.8% 3.9% 1999 2.6% 3.5% 2000 2.4% 3.3% SLIDE 21 Operating Ratio - Swift & M.S. Swift M.S. 1996 90.5 93.0 1997 89.6 91.6 1998 88.7 91.1 1999 89.0 90.9 2000 92.1 94.0 10