Yellow Corporation · OTC:YELLQ
Yellow — YRC Worldwide — Investor Presentation (February 2010)
14 slides from Yellow's investor presentation, Feb 5, 2010
Slide 1: Investor Presentation
Exhibit 99.2 Investor Presentation February 2010
Slide 2: Discussion Topics
Discussion Topics • 2009 Accomplishments • Operating Improvement • 2010 Cost Reductions • Debt Reduction • Letters of Credit • Customer Confidence 2
Slide 3: 2009 Accomplishments: Business Performance
2009 Accomplishments Business - Performance • Integration of Yellow and Roadway legacy networks Right-sized to market volumes by removing redundant facilities • Turnaround of Regional Transportation • Cost reductions Two labor contract amendments; market adjustment Headcount scaling to volumes Funct
Slide 4: 2009 Accomplishments: Balance Sheet
2009 Accomplishments Balance - Sheet • Credit agreement amendments •Asset-backed securitization facility renewals • Liquidity self-help program $636- million • Sale of surplus property $133- million • Sale/Leasebacks $332 - million • Pension contribution deferrals- $171 million • Successful debt-for
Slide 5: National Operating Improvement
National Operating Improvement YRC National Improvement EBITDA, as adjusted* and Qtr/Qtr Shipments (EBITDA dollars in millions/% change in Qtr/Qtr shipments) st • Integration March 1 • Network resizing and stabilization • Labor contract changes • Non-union cost actions • Process improvements *EBITDA
Slide 6: Regional Operating Improvement
Regional Operating Improvement YRC Regional Improvement EBITDA, as adjusted* and Qtr/Qtr Shipments (EBITDA dollars in millions/% change in Qtr/Qtr shipments) • Q1: Eliminated Holland and New Penn network overlap in the northeast • Q2 : Holland reduced number of terminals, increased its focus on next
Slide 7: 2010 Cost Reductions
2010 Cost Reductions • Cost Reduction Target Areas • SG&A reductions • Safety improvements • Operational process improvements Note: 4Q09 as reported benefit $15 million 7
Slide 8: Debt Reduction
Debt Reduction • Achieved a $217 million reduction in balance sheet debt • Cash-based debt maturities reduced $536 million, when excluding sale/leaseback debt Note1:Cash-basedmaturitiesof $814millionconsistof:Notes$67,IDB$6,PensionDebt$153,andRevolver//Term Loan/ABS(bankdebt)$588 Note 2 : 2009 Self-
Slide 9: Letters of Credit
Letters of Credit • Letters of Credit backstop our self-insurance obligation to insurers • Q1: $130 million increase triggered by credit concerns by insurers • Q2 thru Q4: SWAT team focus resulted in $53 million reduction • 2010: Further improvements from improving YRCW credit ratings 2010 Rating Ag
Slide 10: Customer Confidence
Customer Confidence • In January, independent research firm surveyed key transportation decision makers and influencers across YRCW’s entire customer base to better understand: • Anticipated business volumes in 2010; and • Intent to use YRCW • 5,700 respondents • 83% are sole or shared transportatio
Slide 11: Customer Confidence
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Slide 12: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements. The words “improvements,” “believe,” “will,” “expect,” “anticipate” and similar expressions are intended to identify forward-looking statements.The company’s future results could differ materially from any results proj
Slide 13: Operating Income (Loss) to EBITDA, As Adjusted
Operating Income (Loss) to EBITDA, As Adjusted Workdays are the number of calendar days during each quarter exclusive of weekends and holidays EBITDA margin is EBITDA divided by operating revenue expressed as a percentage EBITDA per workday is EBITDA divided by the workdays 13
Slide 14: Investor Presentation
Investor Presentation February 2010
YRC Worldwide — Investor Presentation (February 2010) on 6ix