Yellow Corporation · OTC:YELLQ
Yellow — YRC Worldwide — Deutsche Bank Global Industrials and Basic Materials Conference 2015
17 slides from Yellow's conference presentation, Jun 4, 2015
Slide 1: Deutsche Bank Global Industrials and Basic Materials Conference
Exhibit 99.1 YRC4, Deutsche 1June Worldwide 2015 Bank Global Inc. Industrials and Basic Materials Conference
Slide 2: Disclaimer
Thethem. Disclaimer material presentation other future fact “continue,” on they Therefore, discuss This principles cash Adjusted 2accounting that information are flows presentation property. events ininherently they contained We EBITDA the and actual from principles the or have or do “Risk may other
Slide 3: YRC Worldwide Introduction
YRC Worldwide25% Introduction 3Approximately North of the is America public carrier one ofmarket the andshare largest bygenerates tonnage Providing less-than $5B- the broadest truckload coverage of revenue and more (LTL)service by carriers capability in providing throughout services North under Amer
Slide 4: YRC Freight overview
Offersprovides Provides Most Also YRC Customers Service Dock Total Average Represents 4Includes Active Freight deliveries Reimer, Doors aCenters full Length LTL Days Canada both ~128,000* the ~14,000 range Employees was Weight/Shipment aLTL specialized in number wholly-owned are 259** of Transit and
Slide 5: Regional Transportation overview
Regional Holland of Reddaway services New Customers Service Dock Total 5*Average Represents Ontario Penn Active Doors Centers to provides Length LTL Days Transportation and provides Alaska ~266,000* ~6,700 Employees the Weight/Shipment in Quebec, 125 of number Transit local and Haul local to next-da
Slide 6: Diversified, long-standing customer base and LTL market share
YRCW [Graphic Long-standing Customers Top Market (Public 25.0% 30.0% 20.0% 15.0% 10.0% 9.3% 5.0% ABF(LTL) 0.0% Saia Roadrunner Source: Con 6Diversified 5UPS 2.4% customers 22.9% 16.4% 12.9% 5.5% Share LTL Market 1Q15 Appears way range Freight Customer Freight Carriers 6.1% by 24.5% companies’ and Sh
Slide 7: Revenue per shipment growth
YOY [Graphic $YRCF $141 +7.3% $151 Regional 1Q14 $9.48 +5.8% $10.03 (x-FSC) Both 7Note: 260segments 250 240 230 220 210 21.00 20.50 20.00 19.50 19.00 18.50 18.00Revenue Percent 1Q15 +9.6% $Revenue 249 227 140 135 $20.66 +8.2% $ $9.60 $9.40 $9.20 Appears Revenue 19.09 $$change 155 145 per $10.00 150
Slide 8: Volume: shipments and tonnage per day
YOYdecrease YRCF 50.00 45.00 41.66 40.00 YRC 35.00 30.08 30.00 26.13 25.00 20.00 1Q14 YoY lighter Regionals 8Note: Freight Volume Percent 1Q15 50.00 44.00 40.38 40.00 35.00 +1.9% 30.00 -4.1% 25.00 20.00 shipments Shipments fairly 1Q14 -5.3% +0.5% 25.05 30.64 Tonnage change at flat YRCF and per 1Q15
Slide 9: Segment first quarter Adjusted EBITDA
Segment ($ $40.0 $30.0 Quarter $10.0 First -$10.0 YRCF $150.0 1Q15 +100.0% LTM $67.9 $.0 1Q14 YRC and 9Note: in$.0 safety $.0 millions) $50.0 Freight Percent $100.0 1Q15 $32.1 $30.0 $10.0 -$3.7 1Q LTM $135.6 $20.0 $.0 Adjusted Adjusted performance $50.0 1Q14 $40.0 $25.9 Adjusted -$10.0 improvement $
Slide 10: YRCW first quarter Adjusted EBITDA
YRCW ($ $70.0 $60.0 Quarter $40.0 First $.0 $300.0 $250.0 1Q15 $200.0 $50.0 $100.0 1Q LTM 6.0% 5.0% 1Q14 0.0% 1.0% 2.0% 3.0% 4.0% Improved Note: 10 inAdjusted $millions) Adjusted 5.0% +310 1.9% 5.6% 4.4% Percent $150.0 1Q15 $58.8 2.6x $$217.5 $280.4 Adjusted $30.0 10.0 EBITDA ?bps +120 EBITDA 20.0 c
Slide 11: Leverage reduction since 2010
Leverage Funded 3x 12.0x 11.9x 14.0x since 6.0x 5.8x 8.0x 8.5x 10.0x 2010 0.0x 2.0x 4.0x 3.9x 4.6x Note: 1Q15 –Steady YRCW 11Funded reduction 5.3x 2011 2010 Funded progress is Debt Ratio Debt on 2012 much /debt Adjusted toevery 2013 Adjusted balances stronger 2014 year EBITDA EBITDA since LTM based
Slide 12: Significant margin opportunity
Opportunity Today, YRC 3.1% 0% on Industry 0.0% Significant achieve –Rev 92 goals YRCF LTM Regional (Gains) EBITDA Note: margin 12Assuming 1Q15 LTM a enue tocurrent 1Q15 94, Regionals are For = despite 1Q15 for =/margin ex 7.1% losses the as = margin 130.4 less margin, $5.3% 3.2% comparison YRCW opp
Slide 13: Safety and efficiency initiatives
YRC Safety safety Efficiency clarifying [Graphic Service and oEveryone through 13Additional In upgraded Driver Right our Freight results price, sales 23 recruiting, Appears Sells and distribution field 2015 through process linehaul right closing safety Here] Initiatives lanes hiring discipline techn
Slide 14: YRCW turnaround position
YRCW Turnaround Position Industry Strong Still Via Expansion Experienced Management Team Stable 14 Structure Margin Has Model Capital –Legs Investment Asset Tremendous National Diversified Business Footprint BaseThesis /
Slide 15: Appendix
[Graphic Appears Here] 15 Appendix
Slide 16: YRCW Adjusted EBITDA Reconciliation
[Graphic YRCW Reconciliation Net Interest Income Depreciation EBITDA Adjustments Losses Letter Restructuring Nonrecurring Permitted Equity Amortization (Gain) Other, Revenue Adjusted (a) 16 As loss of required net loss based (gain) Consolidated expense, tax $credit $Appears Reconciliation 48.8 EBITD
Slide 17: Segment Adjusted EBITDA Reconciliation
YRC (Gains) Nonrecurring Other Regional Reconciliation Operating Depreciation EBITDA Adjustments Losses Letter Amortization Adjusted [Graphic (b) 17 AsFreight nonoperating, of required on loss credit Appears Transportation Reconciliation 24.1(7.8) 22.3 EBITDA property income on for and segment of co
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