Yellow Corporation · OTC:YELLQ
Yellow — YRC Worldwide — Q1 2018 Earnings Presentation
6 slides from Yellow's earnings presentation, May 3, 2018
Slide 1: Consolidated results
YRC WORLDWIDE FIRST QUARTER 2018 EARNINGS CONFERENCE CALL Consolidated (a) The Company adopted ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, beginning in January 1, 2018, with a retrospective application. This requires a reclassifi
Slide 2: Growing into capital structure; continue to de-risk the balance sheet
Growing into capital structure. Continue to de-risk the balance sheet. Funded Debt to Adjusted EBITDA ratio down 2.0 turns. Note: Funded debt balances based on par value Leverage ratio YRC WORLDWIDE FIRST QUARTER 2018 EARNINGS CONFERENCE CALL
Slide 3: Credit ratings and covenant leverage as of March 31, 2018
YRCW’s credit ratings as of March 31, 2018: Standard & Poor’s Corporate Family Rating was B- with Stable outlook Moody’s Investor Service Corporate Family Rating was B3 with Positive outlook 3.32x LTM as of 1Q 2018 Credit facility covenants YRC WORLDWIDE FIRST QUARTER 2018 EARNINGS CONFERENCE CALL
Slide 4: Key Segment Information
Key Segment Information (a) Percent change based on unrounded figures and not the rounded figures presented YRC WORLDWIDE FIRST QUARTER 2018 EARNINGS CONFERENCE CALL
Slide 5: EBITDA reconciliation (consolidated)
(b) As required under our Term Loan Agreement, other, net, shown above consists of the impact of certain items to be included in Adjusted EBITDA ($ in millions) Ebitda reconciliation (consolidated) YRC WORLDWIDE FIRST QUARTER 2018 EARNINGS CONFERENCE CALL YRCW Consolidated FY 2013 FY 2014 FY 2015 FY
Slide 6: EBITDA reconciliation (segment)
Certain reclassifications have been made to prior year to conform to current year presentation. As required under our Term Loan Agreement, other, net, shown above consists of the impact of certain items to be included in Adjusted EBITDA The Company adopted ASU 2017-07, Improving the Presentation of