Waste Management, Inc. · NYSE:WM
Waste Management — Merger or Acquisition (July 2024)
10 slides from Waste Management's merger presentation, Jul 24, 2024
Slide 1: WM's Acquisition of Stericycle – Framing the Strategic Rationale
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM WM’s Acquisition of Stericycle – Framing the Strategic Rationale Supplemental Presentation July 24, 2024
Slide 2: Forward-looking statements
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM This presentation contains a number of forward - looking statements related to WM’s planned acquisition of Stericycle, Inc . , including but not limited to all statements regarding timing and approvals of the planned acquisition ; ability to consummate
Slide 3: Non-GAAP measures and definitions
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM WM’s Operating EBITDA and Adjusted Operating EBITDA : This presentation refers to operating EBITDA of WM . WM defines operating EBITDA as GAAP income from operations before depreciation, depletion, and amortization . WM’s operating EBITDA has been, and
Slide 4: WM's Strategic Rationale for its Planned Acquisition of Stericycle
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM WM’s Strategic Rationale for its Planned Acquisition of Stericycle • With an aging population and broader healthcare trends, the medical waste sector is expected to experience structural volume growth that
Slide 5: Stericycle is at a strategic inflection point
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM Stericycle is at a strategic inflection point • A leading player in an industry with attractive current and future secular trends • Poised for growth with streamlined operations and technology enablement fo
Slide 6: Transaction Summary
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 6 Transaction Summary • WM to pay $62 per share in cash • 24% premium over 60 - day volume weighted average price as of May 23, 2024 • Represents a total enterprise value of $7.2bn, reflecting a post - syne
Slide 7: Overview of Stericycle
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 7 Overview of Stericycle Based on Stericycle’s 2023 Form 10 - K and its first quarter 2024 Investor Presentation dated April 25, 2024. Items available at i nvestors.stericycle.com. Additional information and cautionary statements about reliance on proje
Slide 8: A Leader in Specialized Waste Collection and Disposal
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 85% 15% North America International 8 2027 Long - Term Outlook 2 Organic Revenue Growth 3% to 5% Four - year Compounded Average Annual Adjusted EBITDA Growth Rate 13% to 17% Free Cash Flow Conversion 50% to
Slide 9: A Leader in Regulated Waste and Secure Information Destruction
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 9 : A Leader in Regulated Waste and Secure Information Destruction Leading brand Leader in reverse logistics Comprehensive industry expertise and regulatory relationships Serves hospitals, healthcare practi
Slide 10: Get in touch with us
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 10 Get in touch with us. Ed Egl eegl@wm.com 713.265.1656 Heather Miller hmiller3@wm.com 713.265.1507