Canadian Pacific Kansas City (CP) Investor presentation summary

Strategic overview and network

• The combination created a unique, continent-spanning rail network with 20,000 route miles and 20,000 employees, connecting Canada, the U.S., and Mexico for unparalleled market reach and service excellence.

• The network features 3-country connectivity, 30+ ports, 30+ auto facilities, 200+ transloads, and 90+ shortlines, supported by strategic land assets for future growth.

• The merger injects new competition into the rail industry, leverages powerful synergies, and enables value creation through disciplined service and strategic land holdings.

Financial performance and outlook

• 2024 revenues reached $14.5B, with operating income of $5.2B and a core adjusted combined operating ratio of 61.3%.

• Net income attributable to controlling shareholders was $3.7B, with core adjusted combined income at $4.0B and diluted EPS of $3.98.

• 2025 guidance targets 10–14% core adjusted diluted EPS growth, mid-single digit RTM growth, and $2.9B in capital expenditures.

• Long-term (2024–2028) outlook projects high single-digit revenue growth, double-digit core adjusted EPS growth, and annual capital expenditures of $2.6–$2.8B.

Operational excellence and technology

• Precision railroading drives industry-leading performance, with 7% improvement in train speed, 5% better terminal dwell, and 6% higher locomotive productivity in 2024.

• Advanced predictive analytics and patented technologies enhance safety, asset utilization, and reduce costs, including innovations in track inspection and wheel defect detection.