Yellow Corporation · OTC:YELLQ
Yellow — YRC Worldwide — Q3 2020 Earnings Presentation
9 slides from Yellow's earnings presentation, Nov 2, 2020
Slide 1: YRC Worldwide Third Quarter 2020 Earnings Conference Call
YRC WORLDWIDE THIRD QUARTER 2020 EARNINGS CONFERENCE CALL
Slide 2: Capital Structure Overview
($ in millions) Term Loan Lease Financing Obligations CDA Notes UST Tranche A Capital Structure Overview Tranche A of $300M covers short-term contractual obligations and certain other obligations including pension and healthcare payments and will carry a variable interest rate, currently determined
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 3.2 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 (in millions)
Slide 5: Financial Results
FINANCIAL RESULTS Revenue Operating Income (in millions) f ) $5,092 959 es $4,871 2018 3019 LTM 2019 3020 LTM 2018 3019 LTM 2019 3020 LTM
Slide 6: Financial Results
FINANCIAL RESULTS Adjusted EBITDA Cash and Cash Equivalents and Canthars, Managed Accessibility (in millions) $454 $308 ‘$241 $211 $180 $208 $150 $80 2018 3019 LTM 2019 3020 LTM 2018 2019 30.2019 3a 2020
Slide 7: Operating Statistics – Third Quarter
Operating statistics – THIRD QUARTER (a) Percent change based on unrounded figures and not the rounded figures presented
Slide 8: Operating Statistics – First Three Quarters
OPERATING STATISTICS – FIRST THREE QUARTERS (a) Percent change based on unrounded figures and not the rounded figures presented
Slide 9: Adjusted EBITDA Reconciliation
($ in millions) Adjusted Ebitda reconciliation YRCW Inc. Reconciliation of Net (Loss) Income to Adjusted EBITDA LTM LTM LTM LTM LTM LTM LTM **Make sure to do "ignore error" to get rid of green triangles YRCW Consolidated 2015 2016 2017 2018 2019 2Q 2018 2Q 2019 3Q 2019 1Q 2020 2Q 2020 3Q 2020 4Q 201