INVESTOR PRESENTATION August 2022 DISCLOSURE STATEMENT This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on information presently available to the Company's management and are current only as of the da ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of incorpor ...

Financial Data and Key Metrics Changes - For Q2 2022, revenues increased by 29% to $836 million, while adjusted operating income declined by 2% to $77.6 million, and adjusted EPS increased by 1% to $0.87 per share [15][20][25] - The increase in insurance and claims expense was significant, rising over $20 million year-over-year, impacting adjusted EPS negatively by $0.19 per share [9][15] Business Line Data and Key Metrics Changes - The Dedicated segment ended the quarter with 5,320 trucks, achieving 6% truck growth year-over-year, while One-Way Truckload had 3,080 trucks, including a 14% increase in average trucks due to the ECM acquisition [16][17] - Dedicated revenues, net of fuel, increased by 14%, and revenue per truck per week increased by 9.1% [23][34] - One-Way Truckload revenues, net of fuel, increased by 13%, but revenue per truck per week declined nearly 1% due to a decrease in miles per truck [24] Market Data and Key Metrics Changes - The consumer-oriented freight base performed well, with nearly three-quarters of freight revenues coming from retail and food and beverage sectors [13][31] - The freight market for One-Way Truckload moderated from strong to seasonally normal levels, while Dedicated freight demand remained strong and steady [57][59] Company Strategy and Development Direction - The company introduced the Werner DRIVE strategy, focusing on durable financial positioning, exceptional service, and innovation to enhance customer value [42][46] - The strategy emphasizes a balanced revenue portfolio and a commitment to high-quality customers, particularly in consumer staples [30][41] Management Comments on Operating Environment and Future Outlook - Management noted that the current market is returning to a more normalized setting after a period of hyperinflation in metrics like spot market pricing [74] - Concerns about the economy and truckload freight market have increased, with expectations of moderating demand for discretionary goods [61][63] Other Important Information - The company is facing challenges in receiving new trucks and trailers due to supply chain issues, impacting fleet refreshment [19][38] - The CFO announced retirement after 33 years, with a search for a successor underway [64][66] Q&A Session Summary Question: Discussion on Dedicated revenue outlook - Management highlighted a strong pipeline for Dedicated, with significant interest from customers, allowing for selective growth despite economic conditions [72] Question: Market cycle perspective - Management expressed confidence that the supply side is more constrained than in previous cycles, which may prevent a significant decline in the overall environment [76] Question: Capacity in Dedicated market - Management noted that Dedicated is a unique market with high service requirements, and the pipeline remains strong, indicating resilience in demand [84] Question: Impact of AB5 legislation - Management indicated that while Werner is minimally impacted, the legislation could disrupt the industry and negatively affect overall capacity [100] Question: ESG initiatives and new ventures - Management emphasized a commitment to lowering carbon emissions and exploring new technologies, including electric and hydrogen fuel options [107]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of incorpo ...

Financial Data and Key Metrics Changes - Revenues increased 24% to $765 million in Q1 2022, with adjusted EPS growing 40% to $0.96 per share and adjusted operating income rising 37% to $86.2 million [9][12][21] - TTS revenues per truck per week increased by 8.8%, with adjusted operating income growing 33% in TTS and 158% in logistics [12][21] Business Line Data and Key Metrics Changes - Dedicated segment achieved 5% truck growth year-over-year, with revenues net of fuel increasing 13% and revenue per truck per week rising 7.3% [9][14] - One-way Truckload revenues net of fuel increased 19%, with average trucks growing by 7% and revenue per truck per week rising 11% [14][21] - Logistics revenues grew 37% to $189 million, with Truckload Logistics revenues increasing by 46% [21] Market Data and Key Metrics Changes - Economic uncertainties are increasing due to inflation and interest rate tightening, but the business model is positioned to adapt and perform in disruptive markets [10][33] - Retail inventory levels have begun to increase, but inventory-to-sales ratios remain at historically low levels [32] Company Strategy and Development Direction - The company focuses on maintaining strong relationships with customers, particularly in the discount retail and food and beverage sectors, which are less sensitive to economic cycles [8][18] - Investments in technology and emerging cloud technology, including cybersecurity and predictive maintenance, remain a top priority [28][29] - The company aims to expand its dedicated fleet and improve driver satisfaction through targeted driver school networks [26][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning despite potential economic slowdowns, citing a resilient business model and strong customer relationships [33][50] - The company anticipates a moderation in freight demand but remains optimistic about dedicated customer demand and logistics growth [31][33] Other Important Information - The company reduced its net capital expenditures guidance for 2022 by $25 million due to expectations for lower new truck deliveries [23] - The average age of the truck and trailer fleet is expected to be 2.2 and 4.8 years, respectively, by year-end [31] Q&A Session Summary Question: Impact of China on Supply Chain - Management indicated that the situation in China could lead to a temporary slowdown in freight before improving, with expectations for a significant uptick in freight as restrictions ease [36][38] Question: Driver Turnover and Capacity Costs - Management noted that driver turnover has increased slightly due to lifestyle changes and the impact of Omicron, but they are expanding dedicated services to address this [39][40] Question: Market Characterization - Management characterized the current market as "very good" rather than "strong," emphasizing the stability of their customer base and the importance of consistent demand [44][45] Question: Contractual Negotiations - Management reported that they have not seen significant impacts on contractual negotiations despite moderation in the spot market, as most of their business is based on long-term contracts [56][58] Question: Margin Progression - Management provided insights on margin progression, indicating that while Q1 margins were strong, they expect some moderation in Q2 due to market conditions [60][61]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (S ...

Werner Enterprises, Inc. (NASDAQ:WERN) Q4 2021 Earnings Conference Call February 3, 2022 5:00 PM ET Company Participants John Steele - CFO Derek Leathers - Chairman, President and CEO Conference Call Participants Todd Fowler - KeyBanc Capital Markets Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research Jack Atkins - Stephens Jason Seidl - Cowen Jeff Kauffman - Vertical Research Jonathan Chappell - Evercore ISI Ken Hoexter - Bank of America Christian Wetherbee - Citigroup Brandon Oglenski - Barclays Op ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [Mark one] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-14690 WERNER ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Nebraska 47-0648386 (State or other jurisdiction of inc ...

E ER PITS E NET E S 3Q 2021 EARNINGS PRESENTATION October 28, 2021 DISCLOSURE STATEMENT This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements are based on information presently available to the Company's management ...

Werner Enterprises, Inc. (NASDAQ:WERN) Q3 2021 Results Conference Call October 28, 2021 5:00 PM ET Company Participants Derek Leathers - Chief Executive Officer John Steele - Chief Financial Officer Conference Call Participants Christian Wetherbee - Citi Scott Group - Wolfe Research Jack Atkins - Stephens Inc Bascome Majors - Susquehanna Financial Group Michael Triano - UBS Ken Hoexter - Banc of America Merrill Lynch Jeffrey Kauffman - Vertical Research Partners Brian Ossenbeck - JP Morgan Jonathan Chappell ...