Waste Management, Inc. · NYSE:WM
Waste Management — Corporate Update (February 2023)
15 slides from Waste Management's corporate update, Feb 1, 2023
Slide 1: Sustainability Growth Investment Program Supplemental Presentation
Sustainability Growth Investment Program Supplemental Presentation January 31, 2023 EXHIBIT 99.2
Slide 2: Forward-Looking Statements
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM This presentation contains a number of forward - looking statements, including but not limited to, all statements regarding : future, planned or projected investments, capital expenditures, strategies and initiatives ; timing, results, financial returns
Slide 3: Overview of Updated Sustainability Growth Investment Program
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 3 Overview of Updated Sustainability Growth Investment Program These investments are expected to generate $580M in run - rate annual FCF (1) In February 2022, WM outlined a multi - year plan for significant investments in its Renewable Energy and Recycl
Slide 4: Growing Our Renewable Energy Business
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM Growing Our Renewable Energy Business 4
Slide 5: Robust Long-Term Growth Potential for WM's LFG-to-Energy Platform
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 20 3 5 12 66 29 WM Owned 91 facilities Third Party Robust Long - Term Growth Potential for WM’s LFG - to - Energy Platform WM is driving growth from its existing landfill network as well as future value through a myriad of options 5 We have the largest
Slide 6: Marrying Project Development with Regulatory Incentives
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM Diving Deeper: Marrying Project Development with Regulatory Incentives WM has a history of delivering value from its landfill gas through renewable energy projects 2014 Biogas from cellulosic waste (i.e., landfill gas) pathway modified in EPA’s Renewabl
Slide 7: How We Create Environmental and Economic Value From Landfill Gas
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM Diving Deeper: How We Create Environmental and Economic Value From Landfill Gas Our unique, vertically - integrated business enables us to fully “close the loop” when we generate pipeline quality RNG 1 Collection Our CNG trucks, running on RNG, pick up
Slide 8: Increasing our LFG-to-RNG Planned Investments and Financial Projections
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM The IRA provides additional incentives for our RNG development pipeline • The IRA’s investment tax credits for LFG - to - RNG are now expected to generate incremental free cash flow which is included in our revised expectations EPA’s Proposed Set Rule w
Slide 9: Projected Incremental RNG EBITDA and Production Volume
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM $240M $525M $330M $120M 2022 2023 2024 2025 2026 1. All expectations, estimates and projections are as of January 31, 2023 and subject to change. Please see “Forward - Looking Statem ents” on page 2. Please also see page 2 for additional information on
Slide 10: Growing and Optimizing our Recycling Business
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM Growing and Optimizing our Recycling Business 10
Slide 11: Recycling Planned Investments and Financial Projections
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 1. All expectations, estimates and projections are as of January 31, 2023 and subject to change. Please see “Forward - Looking Stat ements” on page 2 for additional information; 2. Operating EBITDA excludes temporary costs associated with MRFs under con
Slide 12: Recycling Growth: New Markets, Capacity and Benefits
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 12 • Targeting 12 new markets ― 6 single stream ― 4 C&D recycling ― 2 commercial • New projected capacity totaling 1.8M tons • Job upskilling and overall expected ~30% labor cost reduction • Safer work environment for employees • Producing a higher qual
Slide 13: WM to Host Additional Investor Information Session on April 5, 2023
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM 13 We are excited to announce an investor information session on April 5, during which we’ll share additional details on our long - term growth trajectory for our Renewable Energy and Recycling businesses and their positive impact on key stakeholders •
Slide 14: Get in Touch With Us
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM Ed Egl eegl@wm.com 713.265.1656 (o) 713.725.7222 (c) Heather Miller hmiller3@wm.com 713.265.1507 (o) investors.wm.com Twitter: @WM_Investor GET IN TOUCH WITH US 14
Slide 15: Glossary of Terms
CONFIDENTIAL AND PROPRIETARY INFORMATION OF WM Term Acronym Definition Landfill LF A discrete area of land or excavation that receives and stores waste Landfill Gas LFG Landfill gas is a natural byproduct of the decomposition of organic material in landfills Renewable Natural Gas RNG Renewable natur