EFTA01434677Set 10
2018-02-2291p10,836w
operating
margin on 2019e revenue ex. fuel, which is 200bps better than what
KNX-SWFT achieved on a consolidated basis in 40'17- despite being in
the early innings ... operating
margin on 2019e revenue ex. fuel, which is 200bps better than what
KNX-SWFT achieved on a consolidated basis in 40'17- despite being in
the early innings ... Walk to KNX 15% operating margin in 2019
2017
2018
Revenue ex-fuel
KNX
SWFT
Total Revenue, net of fuel
YoY Chg.
Adjusted EBIT
KNX
SWFT
Synergies
Reduced Rental Expense
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01434677.pdf
EFTA01387105Set 10
2018-02-221p318w
operating
margin on 201% revenue ex. fuel, which is 200bps better than what
KNX-SWFT achieved on a consolidated basis in 4Q'17- despite being in
the early innings ... Revenue ex-fuel
KNX 1,025.7 1,102.6 1,157.7
SWFT 3,606.3 3,876.8 4,070.6
Total Revenue, net of fuel ... Adjusted EBIT
KNX 128.8 151.8 168.4
SWFT 360.6 455.3 523.1
Synergies 50 75
Reduced Rental Expense 125 250
Incremental 0&A (99) (197)
Consolidated EBIT 489.4 683.6 819.5
Organic Incremental
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01387105.pdf
EFTA00397162Set 9
2013-01-237p2,279w
INVN, ISSC, LOGI, MLNX, NVEC,
OCFC, PBNY, PLCM, PMTC, RJF, RLI, SUSQ, SWFT, SYMM, TBBK, TCBI, UMPQ, URI, WIBC, ZHNE, ZZ
Shareholder Meetings: LCI, HARL, NJR, JCI, VIVO, TIK
Equity/Mixed
https://www.justice.gov/epstein/files/DataSet%209/EFTA00397162.pdf
EFTA00390547Set 9
2013-05-106p1,832w
Bemanke @ 9:30am (Chicago), George @ 2pm (Jackson, WY)
Conferences: No major conferences
Analyst/Investor Days: SWFT, WY, CPT
Non-Deal Roadshows: ADNC, AIMC, ALXN, AMRI, BUD, EPAM, FHN, MLM, OREX
https://www.justice.gov/epstein/files/DataSet%209/EFTA00390547.pdf
EFTA00414089Set 9
2012-05-036p2,104w
HALO, HNBC, KONA, KSU, MFC, VLO, WEC, ZEUS, EMN, VZ, HLS, SWFT, DTV,
DOV, IVR, PSA, ACY, OSTK, RLI, SATS, ALC, GTXI, PLD, NHI, WBCO
Equity/Mixed Shelfs: N/A
Other Newspaper
https://www.justice.gov/epstein/files/DataSet%209/EFTA00414089.pdf
EFTA01040833Set 9
2017-07-102p880w
to/from): SNDR to $25/$23, JBHT to
$109/$98, KNX to $43/$41, SWFT to $31/$29, WERN to $30/$25 & reduces target multiples 1-1.5x for
SNDR, JBHT
https://www.justice.gov/epstein/files/DataSet%209/EFTA01040833.pdf
EFTA00370756Set 9
2014-04-247p2,191w
OLIK, RGA, RGC, SBCF, SHOR, SIVB, SPN, SPSC, SPWR, SSD,
STRT, STS, SWFT, SYNA, TCO, TFSL, TNAV, UACL, UHS, VR, WFT, WIRE, WOOF, WRE, WRI, WSFS, WSTG
Economic Data: Durable
https://www.justice.gov/epstein/files/DataSet%209/EFTA00370756.pdf
EFTA00390701Set 9
2013-05-088p2,645w
CTGX, ENTG, ESI, FISI, FTR, GLDD, HYGS, IDXX, KGC, MHK, OCFC, PSX, SWFT,
TPI, USG, AEZS, XLS, BID, BRKL, CBR, CSX, DRH, KDN, KRO, NVE, ADTN, FCS, CWEI, NATR
https://www.justice.gov/epstein/files/DataSet%209/EFTA00390701.pdf
EFTA02143854Set 10
7p1,691w
Roadshows: AAT, AVNW, BCE, CY, DTLK, ENH, GLW, INSV, LTM, MDT, RU, RWT,
SCBFF, SWFT, TUP
Shareholder Meetings: BPAX, KEYN
Equity/Mixed Shells: NVAC ($150M). JNS, HA ($525M)
Other Newspaper Articles
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02143854.pdf
EFTA02141150Set 10
2013-04-228p1,868w
IBCP, ICUI, IEX, ILMN, MBFI, MSFG, NXPI, PBNY, PEI, PKG, PLXT,
RCII, SANM, STM, SWFT, TRST, UCTTT, USTR, VLTR, WIBC, WWD, XOOM
Economic Data: Chicago Fed National Activity Index
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02141150.pdf
EFTA02107482Set 10
2014-04-248p2,185w
QLIK, RGA, RGC, SBCF, SHOR, SIVB, SPN, SPSC, SPWR,
SSD, STRT, STS, SWFT, SYNA, TCO, TFSL, TNAV, UACL, UHS, VR, WFT, WIRE, WOOF, WRE,
WRI, WSFS, WSTG
Economic Data: Durable
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02107482.pdf
EFTA02145166Set 10
2013-03-148p2,074w
PCOM, R, RATE, RDEN, RLJ, SCBFF, SIRI, SNY, SON, SPA, SPSC, SWFT,
TRAK, TSLA, V, VOD, VRTU, WX, XPO, ZAGG, PRKR
Shareholder Meetings: ADT, ASA, FSC, HURC, PTRY, RSTI, DSTI
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02145166.pdf