Yellow Corporation · OTC:YELLQ
Yellow — YRC Worldwide — Q4 2018 Earnings Presentation
6 slides from Yellow's earnings presentation, Jan 31, 2019
Slide 1: Fourth Quarter 2018 Earnings Conference Call: Consolidated
YRC WORLDWIDE FOURTH 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, on January 1, 2018, with a retrospective application. This requires a reclassification to
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 2.70 turns. Note: Funded debt balances based on par value Leverage ratio YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CALL
Slide 3: Credit ratings and credit facility covenants
YRCW’s credit ratings as of December 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 2.64x LTM as of 4Q 2018 Credit facility covenants YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CA
Slide 4: Key Segment Information
Key Segment Information (a) Percent change based on unrounded figures and not the rounded figures presented YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CALL
Slide 5: EBITDA Reconciliation (Consolidated)
(a) Certain reclassifications have been made to prior years to conform to current year presentation (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) YR
Slide 6: EBITDA Reconciliation (Segment)
(a) Certain reclassifications have been made to prior years to conform to current year presentation (b) Due to the adoption of ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, amounts for prior years have been updated to reflect the r