Chartered Institute of

Logistics and

Transport - North

America

www.ciltna.com

Learn more about CILTNA by

visiting our website

Stay connected with us

through our LinkedIn pagePromoting members' education and

professional development in the fields

of transport and logistics.

Canadian National Railway Company & Chartered Institute of Logistics and Transport - North America

Navigating Trans Pacific Supply Chain ChallengesPerspectives from a North American railroader in Asia

March 4, 2021

Gabriel LagunesGeneral Manager - Asia

CN at a GlanceTSX: CNR NYSE: CNI

• Only transcontinental railway in North America spanning Canada and Mid-America, connecting three coasts.

• Rail network of approximately 32,000 km

• Largest Class 1 intermodal railroad in Canada, 2nd largest in the U.S. by route track miles.

• Backbone of the North American economy and enabler of trade, transporting goods ranging from natural resources to consumer goods.

4

24,381Employees

$13.8BTotal revenues

65.4%

$3.2BFree Cash Flow (3)

5.6MCarloads

$2.9BCapital investments

$99.4BLatest market cap (1)

2 0 2 0 H I G H L I G HT S (C D N $ )

Operating ratio(Adjusted 61.9%) (3)

13.4%Adjusted ROIC (2)

Figures presented are as at or for the year ending December 31, 2020 unless otherwise noted. (1) As at December 31, 2020. Source: FactSet(2) Please see the Appendix for an explanation of this non-GAAP measure.(3) Please see website, Financial Results, www.cn.ca/financial-results, for an explanation of this non-GAAP measure.

Prince Rupert

Vancouver

Prince George

Calgary

Edmonton

Saskatoon

Regina

Winnipeg

Montreal

Moncton

Halifax

Toronto

Detroit

ChicagoJoliet

Indianapolis

Decatur

Memphis

Jackson

New Orleans

Mobile

Saint John

Duluth

Ranier, MN

Chippewa Falls

Arcadia

Port Huron, MI

Cincinnati

Columbus

Cleveland

PittsburghNY-NJ

Philadelphia

Wilmington

Rail Service

Connecting with

Rail Service

Connecting with CN intermodal terminals

CN-served ports

CN-served destinations

5

Our Intermodal Franchise3 coast access to the U.S. Mid-West and Central Canada

DIRECTLY SERVING

15 Ocean

Terminals

24 CN Inland

Terminals

&

Quebec

New Richmond

6

Connecting Asia to North America

7

Rapid Rebound: World-trade volumes, change since start of each crisis

8

China Rebound: Beyond and Above

9

Asia–US volume surge accelerates through Q4 2020

10

Trans-Pacific schedule reliability falls

11

As a cascading effect, transshipment rollover ratio at Asian ports increases

12

On the other hand, US containerized export declines

13

Canadian gateways gain share of Pacific Northwest imports

14

Improving safety, efficiency and productivity through technology

Autonomous Track Inspection Program Automated Inspection Portals Handheld Technology for Conductors

Process Automation Handheld Technology for Mechanics Smart Network

15

Thank You

Chartered Institute of

Logistics and

Transport - North

America

www.ciltna.com

Learn more about CILTNA by

visiting our website

Stay connected with us

through our LinkedIn pagePromoting members' education and

professional development in the fields

of transport and logistics.