1. 1 The Ties That Bind a Nation: Union Pacific Regional Transportation Commission Reno, NV March 31, 2016

2. 2 Safety is Top Priority Reportable Rail Equipment Incidents Per Million Train Miles 2005201520052015 Reportable Injuries Per 200,000 Employee Hours 53% EMPLOYEE 25% RAIL EQUIPMENT 18% CROSSING 20052015 Crossing Accidents Per Million Train Miles GOOD

3. 3 Rails Are One of America’s Safest Industries Injuries and illnesses per 100 Full-time Employees, 2014 Source: U.S. Bureau of Labor Statistics for 2014 data.

4. 4 Portland LA Calexico Seattle Salt Lake City Eastport Brownsville Houston Omaha Twin Cities Denver Dallas Nogales El Paso Eagle Pass Kansas City St. Louis Duluth Laredo Memphis Chicago New Orleans Oakland 4 2015 Fast Facts Revenue: $21.8 B Route Miles: 32,100 in 23 States Employees*: 44,500 Annual Payroll: $4.6 B Customers: 10,000 Locomotives: 8,500 *4th Quarter 2015 Average

5. 5 Portland LA Calexico Seattle Salt Lake City Eastport Brownsville Houston Omaha Twin Cities Denver Dallas Nogales El Paso Eagle Pass Kansas City St. Louis Duluth Laredo Memphis Chicago New Orleans Oakland 5 Strength of a Unique Franchise Port Access Border Crossings

6. 6 10% $395 M Capacity & Commercial Facilities Includes cash capital, leases and other non-cash capital. ~$3.75 Billion 2016 Capital Plan 49% $1,825 M Infrastructure Replacement 26% $965 M Locomotives & Equipment 10% $375 M Positive Train Control (PTC) 5% $190 M Technology & Other

7. 7 Union Pacific Hauls...

8. 8 2015 Business Mix by Freight Revenue $20.4 Billion

9. 9 Nevada A Closer Look

10. 10