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
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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
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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
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