Contents:

• Prepared Remarks
• Questions and Answers
• Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, CN's Fourth Quarter and Full Year 2020 Financial Results Conference Call will begin momentarily.

I would like to remind you that today's remarks contain forward-looking statements within the meaning of applicable securities laws. Such statements are based on assumptions that may not materialize and are subject to risks described in CN's fourth quarter and full year 2020 financial results press release and analyst presentation documents that can be found on CN's website. As such, actual results could differ materially. Reconciliations for any non-GAAP measures are also posted on CN's website at www.cn.ca. Please standby, your call will begin shortly.

Welcome to the CN fourth Quarter and Full Year 2020 Financial Results Conference Call.

I would now like to turn the meeting over to Paul Butcher Vice President, Investor Relations. Ladies and gentlemen, Mr. Butcher.

Thank you, Simon. Good afternoon, everyone, and thank you for joining us for CN's fourth quarter and full year 2020 financial results conference call. I would like to remind you about the comments already made regarding forward-looking statements.

With me today is JJ Ruest, our President and Chief Executive Officer; Ghislain Houle, our Executive Vice President and Chief Financial Officer; Rob Reilly, our Executive Vice President and Chief Operating Officer; Keith Reardon, our Senior Vice President, Consumer Products Supply Chain; and James Cairns, our Senior Vice President, Rail Centric Supply Chain.

I do want to remind you to please limit yourselves to one question so that everyone has the opportunity to participate in the Q&A session. The IR team will be available after the call for any follow-up questions.

It is now my pleasure to turn over the call to CN's President and Chief Executive Officer, JJ Ruest.