Yellow Corporation · OTC:YELLQ
Yellow — YRC Worldwide — Wolfe Research Transportation Conference 2009
12 slides from Yellow's conference presentation, May 19, 2009
Slide 1: Wolfe Research Transportation Conference
Exhibit 99.1 Bill Zollars Chairman, President & CEO Wolfe Research Transportation Conference May 19, 2009
Slide 2: Overview
Overview YRC Worldwide is a $9 billion provider of global transportation services, transportation management solutions, and logistics management with nearly 49,000 employees worldwide. 2
Slide 3: Discussion Topics
Discussion Topics Pension reform Bank amendment Recent analyst reports Internal initiatives 3
Slide 4: Recent Analyst Reports
Recent Analyst Reports Weekly cash usage is decelerating Liquidity and well ahead of internal forecasts 4/30/093/31/09 Cash - unrestricted $ 151 $ 249 Availability - revolver 52 24 Availability - ABS 18 3 Liquidity excl restr. cash 221 275 Cash - restricted 36 18 Liquidity incl restr. cash$ 257 $ 29
Slide 5: Liquidity
Liquidity 3/31/09 liquidity No significant debt maturities • Cash& restricted cash- $266million until April 2010 • Borrowing availability - $27million Pension payment deferrals • Improved collections and • Negotiating deferral of multiple disbursements months of union pension payments (approx. $40 m
Slide 6: 2009 Capital Expenditures
2009 Capital Expenditures 2009 expected cap ex significantly Gross Capital Expenditures less due to integration (in millions) • Older equipment in process of being removed, enhancing average age of $394 $378 fleet $305 After $100 million of expected $249* asset proceeds, expected net cap ex around $
Slide 7: Internal Initiatives
Internal Initiatives Annual Run Rate Benefit ($ in millions) Network changes Integration of Yellow & Roadway (now YRC) $ 250 Regional enhancements 30 Compensation & benefits Union compensation reductions 240 Non-union compensation/benefit reductions * 75 70 Further consolidation of back-office funct
Slide 8: YRC Integration Productivity
YRC Integration Productivity - Dock Bills/hr Load Average Week-to-date Actual Daily Actual Pickup & Delivery Bills/hr On-time delivery levels continue to improve; approaching record highs 8
Slide 9: YRC Integration
YRC Integration Number of National Operations* Annual Run Rate Benefit 704 (in millions) $250 551 $200 ~450 ~400 $90 $0 12/31/2003 12/31/2008 3/1/2009 12/31/2009 1Q09 2Q09 3Q09 4Q09 The integration of Yellow and Roadway was the most significant transformation in LTL history and laid the groundwork f
Slide 10: Operating Environment Update
Operating Environment Update Economy remains very weak • No significant signs of near-term improvement • Some indications of hitting the bottom, though too early to confirm Volume trends similar to March • National Some diverted shipments returning post integration of Roadway Yellow andnetworks Abso
Slide 11: Summary
Summary Bankgroupremainssupportive ofourstrategies and“selfhelp”approach YRCW has unique levers to enhance its market position and improve its financial condition • Most notably, the integration of Yellow and Roadway Continued focus on YRC Regional opportunities to improve growth and further efficie
Slide 12: Forward-Looking Statements
Forward-Looking Statements • This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of1934,asamended.Thewords“should,”“anticipate," “expect,”“can,“"will”,“forecasts”, “estimated
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