Yellow Corporation · OTC:YELLQ
Yellow — Investor Presentation (February 2021)
19 slides from Yellow's investor presentation, Feb 8, 2021
Slide 1: Yellow Corporation Investor Presentation February 2021
1 Yellow Corporation Investor Presentation February 2021
Slide 2: Statements & Disclaimers
2 Statements & Disclaimers The information in this presentation is summary in nature and may not contain all information that is important to you. The Recipient acknowledges and agrees that (i) no representation or warranty regarding the material contained in this presentation is made by Yellow Corp
Slide 3: Second-largest LTL carrier and fifth largest transportation company in North America
3 We are the second-largest LTL carrier and the fifth largest transportation company in North America. When you combine our regional capabilities with YRC Freight’s national coverage, you get an expansive shipping footprint that only one of the largest super-regional LTL companies in North America c
Slide 4: Terminal & Network Operations
4 Terminal & Network Operations Operational realignment and new reporting structure create new efficiencies Divisional, regional, and area operational reporting structure for Holland, New Penn, Reddaway, and YRC Freight are combined under a single leadership team 4 divisional and 17 operational area
Slide 5: Example of Network Optimization
5 Example of Network Optimization Immediate focus on gaining efficiencies and cost reductions through terminal cohabitation and consolidation Divisional, regional, and area operational reporting structure for Holland, New Penn, Reddaway, and YRC Freight are combined under a single leadership team 4
Slide 6: Financial Results
Financial Results Revenue Operating Income (in millions) (in millions) $143 $4371 $4514 | = 2018 2010 2020 2018 2019 2020
Slide 7: Financial Results
Financial Results Cash and Cash Equivalents and Managed Accessibility (in millions) $440 $204 2018 2020
Slide 8: Cash Flow
8 Cash Flow Free cash flow = operating cash flow less acquisitions of property and equipment, net of cash proceeds from disposals During FY 2018, the Company recognized cash proceeds on the sale of a terminal of approximately $31 million During FY 2019, the Company recognized cash proceeds on the sa
Slide 9: Reinvesting in the Business
9 Reinvesting in the Business CapEx Equivalent as a percentage of revenue 2020 CapEx Equivalent includes less than $1M of capital value of leases (a) (a) (a) (b) 2021 CapEx plan includes investments in tractors, trailers, technology, box trucks, containers, liftgates and other assets During 1Q 2021
Slide 10: CARES Act Funding
10 CARES Act Funding Equity U.S. Treasury received 15.94 million shares of common stock and is the Company’s largest shareholder with approximately 30% of outstanding shares Debt U.S. Treasury loan provides two tranches totaling $700 million in aggregate principal commitments Tranche A for $300 mill
Slide 11: Capital Structure Overview
11 Capital Structure Overview Term Loan Lease Financing Obligations CDA Notes UST Tranche A UST Tranche B Tranche A of $300M carries a variable interest rate, currently determined by LIBOR (subject to a floor of 1%), plus 3.5%, consisting of 1.5% cash and the remainder paid-in-kind (PIK). The UST Tr
Slide 12: Conclusion
12 Conclusion Strong industry position with one of the largest, most comprehensive logistics and LTL networks in North America with local, regional, national and international capabilities Multi-year enterprise transformation initiative continues and will create operational opportunities that expand
Slide 13: Appendix
Appendix ote graf, Redgowey YRC Liniry
Slide 14: Capital Structure and Labor Timeline
14 Capital Structure and Labor Timeline Largest debt instruments and the labor agreement mature at various dates in 2024 Labor Agreement March ABL Facility Jan. Term Loan June CDA Notes December UST Loan Sept.
Slide 15: LTM Adjusted EBITDA Covenant
15 LTM Adjusted EBITDA Covenant (in millions)
Slide 16: Operating Statistics – Fourth Quarter
16 Operating Statistics – Fourth Quarter (a) Percent change based on unrounded figures and not the rounded figures presented
Slide 17: Operating Statistics – Year End
17 Operating Statistics – Year End (a) Percent change based on unrounded figures and not the rounded figures presented
Slide 18: Adjusted EBITDA Reconciliation
18 Adjusted EBITDA Reconciliation
Slide 19: Investor Relations contact
www.myyellow.com NASDAQ: YELL Tony Carreño Vice President - Investor Relations (913) 696-6108 investor@myyellow.com