Yellow Corporation · OTC:YELLQ
Yellow — YRC Worldwide — Q2 2020 Earnings Presentation
9 slides from Yellow's earnings presentation, Aug 3, 2020
Slide 1: YRC Worldwide Second Quarter 2020 Earnings Conference Call
YRC WORLDWIDE second QUARTER 2020 EARNINGS CONFERENCE CALL Exhibit 99.2
Slide 2: Capital Structure Overview
($ in millions) Term Loan Lease Financing Obligations CDA Notes UST Tranche B UST Tranche A Capital Structure Overview Tranche A of $300M will be used to cover short-term contractual obligations and certain other obligations including pension and healthcare payments and will carry an interest rate o
Slide 3: Capital Structure and Labor Timeline
Largest debt instruments and the current labor agreement mature at various dates in 2024 Focused on Operational Execution Runway 3.5 years IBT March ABL Facility Jan. Term Loan June CDA Notes December UST Loan Sept. Capital Structure and Labor Timeline Today 2020 2021 2022 2023 2024
Slide 4: Covenant Waiver Through 3Q21
COVENANT WAIVER THROUGH 3Q21 LTM Adjusted EBITDA Covenant
Slide 5: Financial Results
FINANCIAL RESULTS Revenue (in millions) $5,092 $5,006 $4,871 $4,582 2018 2Q19 LTM 2019 2Q20 LTM Operating Income (in millions) $143 $79 $57 $16 2018 2Q19 LTM 2019 2Q20 LTM 5
Slide 6: Financial Results
FINANCIAL RESULTS Adjusted EBITDA Cash, Cash Equivalents and (in millions) Managed Accessibility (in millions) $308 $303 $259 $211 $204 $183 $157 2018 2019 LT 2019 2020 LTM 2018 2019 20.2019 20 2020
Slide 7: Operating statistics
Operating statistics (a) Percent change based on unrounded figures and not the rounded figures presented YoY % (a) 43951 43982 44012 Total LTL tonnage per day -22.560840232032962 0 -14.477907686330004 0 -8.5871408908211109 Total tonnage per day -20.300098945219812 0 -12.08650868507698 0 -6.650004150
Slide 8: Key Segment Information
KEY SEGMENT INFORMATION (a) Percent change based on unrounded figures and not the rounded figures presented YRC Worldwide Inc. Instructions: Statistics 1 Update linking as appropriate Quarterly Comparison 2 Review check totals at the bottom 2Q20 2Q19 YoY % (a) Workdays 63 63.5 Total LTL tonnage (in
Slide 9: Adjusted EBITDA Reconciliation
($ in millions) Adjusted Ebitda reconciliation YRCW Inc. Reconciliation of Net (Loss) Income to Adjusted EBITDA LTM LTM LTM LTM LTM LTM 2015 2016 2017 2018 2019 2Q 2018 2Q 2019 4Q 2019 1Q 2020 2Q 2020 4Q 2018 1Q 2019 2Q 2019 4Q 2019 1Q 2020 2Q 2020 Reconciliation of net income (loss) to adjusted EBI