Casella Waste Systems, Inc. · NASDAQ:CWST
Casella Waste Systems — Investor Presentation (April 2020)
12 slides from Casella Waste Systems's investor presentation, Apr 2, 2020
Slide 1: Casella Waste Systems, Inc. Investor Update
Casella Waste Systems, Inc. Investor Update April 1, 2020 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain matters discussed in this presentation, including, but not limited to, the these programs; the Company's need to service its indebtedness may limit its ability to statements regarding the Company’s intentions, beliefs or current expectations invest in its business; the
Slide 3: Casella Waste Systems - Overview
Casella Waste Systems - Overview Casella Operations Revenue ($mm) Provides integrated solid waste, recycling & resource management services across six $743.3 northeast states. $660.7 $599.3 $565.0 Casella Service Area $546.5 44 Collection Operations $525.9 20 Recycling Facilities 9 Disposal Faciliti
Slide 4: How we are managing through COVID-19
How we are managing through COVID-19 How we are managing through the COVID-19 pandemic. • Waste management classified as Critical Infrastructure Industry by Department of Homeland Security and as an Essential Service Provider by state governments. • Focused on: (1) keeping our people safe and health
Slide 5: Steps we have taken for business continuity
Steps we have taken for business continuity Keeping our people safe and healthy. • Following CDC recommendations for social distancing; and increased cleaning of our facilities. • Established appropriate personal protective equipment (PPE) and safe practices for key roles. • Created internal resourc
Slide 6: Historically stable revenue sources
Historically stable revenue sources % of % of CYE 12/31/19 – Revenue Splits Collection Total Segments Revenues Revenues Comments Residential - Subscription residential ~75% of Residential collection revenues Energy & 39.5% 19.8% Processing collection and municipal ~25% of segment. 1.4% - Stable reve
Slide 7: Balance sheet gives ample liquidity to meet needs
Balance sheet gives ample liquidity to meet needs 12/31/19 - Capitalization Table ($mm) Conservative capital structure – with Cash$ 3.5 Revolver ($200mm, L+175bps, due 2023) 26.9 adequate liquidity, covenant headroom, Term Loan A (L+175bps, due 2023) 350.0 and no near-term maturities. Industrial Rev
Slide 8: Ability to flex variable costs and capital expenditures
Ability to flex variable costs and capital expenditures Ability to scale variable costs across LOBs. • Collection: 3rd party hauling and disposal, labor, 2019 Actuals overtime, fuel, and maintenance. Line Of Business % Variable • Transfer & transport: 3rd party hauling and disposal, Collection 62% T
Slide 9: ia! oT = o 2. <x
ia! oT = o 2. 2 <x
Slide 10: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Non-GAAP Reconciliation of Adjusted EBITDA to Net (Loss) Income (1) 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended $ in 000's Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2018 Dec. 31, 2019 Revenue
Slide 11: Reconciliation of Consolidated Leverage Ratio
Reconciliation of Consolidated Leverage Ratio Reconciliation of Consolidated EBITDA (as defined by the applicable credit facility agreement) to Net Cash Provided by Operating Activities 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended 12 months ended $ in millions Dec.
Slide 12: For more information visit: casella.com
For more information visit: casella.com RESOURCE SOLUTIONS RECYCLING | COLLECTION | ORGANICS | ENERGY | LANDFILLS 12
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