Gfl Environmental Inc · TSX:GFL
Gfl Environmental — Corporate Update (April 2020)
9 slides from Gfl Environmental's corporate update, Apr 9, 2020
Slide 1: Investor Update
Investor Update April 9, 2020
Slide 2: Disclaimer
Disclaimer Unless otherwise indicated, all references in this presentation to ‘‘GFL,’’ ‘‘we,’’ ‘‘our,’’ ‘‘us,’’ ‘‘the Company’’ or similar terms refer to GFL Environmental Inc. and its consolidated subsidiaries. Forward-looking Information This presentation contains “forward-looking information” wit
Slide 3: Our Business Continuity Initiatives in Response to COVID-19
Our Business Continuity Initiatives in Response to COVID-19 Prioritizing the health and safety of our workforce Implemented physical distancing protocols recommended by public health authorities Reinforced proper hygiene practices; Solid Waste increased frequency of cleaning of facilities and
Slide 4: Recession Resilient and Well Diversified Business Model
Recession Resilient and Well Diversified Business Model Revenue by Line of Business Liquid Waste 2019 revenue of $3.3B, excluding full year impact of 2019 M&A and 2020 interim acquisitions 10% Infra. & Soil Revenue is heavily weighted to most resilient business; service based collection Solid Wa
Slide 5: Solid Waste Revenue Sources
Solid Waste Revenue Sources Revenue by Source Organics Highest proportion of revenue from stable residential collection Other 3% Landfill 5% 29% of 2019 residential revenue generated in Canada Transfer 7% • Certain Canadian municipal contracts have price escalators for increased volumes Station
Slide 6: Multiple Levers to Reduce Costs
Multiple Levers to Reduce Costs Variable & Fixed Costs Primarily service based business model drives flexible cost structure Reduce overtime hours/reallocate labour resources Direct Fixed • Overtime historically represents 10%+ total hours 7.7% Other Variable SG&A 10.0% Transfer & Majority of
Slide 7: Flexible Capital Expenditures
Flexible Capital Expenditures Ability to significantly flex capital spending Relatively low overall maintenance capex due to low landfill concentration 2017 through 2019 capital spend included significant investment in land, building and IT infrastructure as well as remedial capex on certain a
Slide 8: Balance Sheet & Liquidity
Balance Sheet & Liquidity Capitalization Table PF IPO 31-Dec-19 FX Adj. PF IPO Interest Rate Illustrative Interest (Local $ millions) (US$ / C$) (C$ millions) (%) (C$ millions) Revolver -- 1.000x -- (1) Term Loan Facility US$1,950 1.420x $2,769 L + 300 bps $110 (4) 5.125% 2026 Notes US$500 1.325x (2
Slide 9: Share Capitalization & Tangible Equity Units
Share Capitalization & Tangible Equity Units Share Capitalization Table Description of TEUs (millions) A Tangible Equity Unit is a unit consisting of an amortizing Subordinate Voting Shares ("SVS") Outstanding 314.4 note and a forward purchase contract, which is mandatorily convertible into SVS in