Yellow Corporation · OTC:YELLQ
Yellow — YRC Worldwide — Investor Presentation (November 2020)
19 slides from Yellow's investor presentation, Nov 17, 2020
Slide 1: YRC Worldwide Inc. Investor Presentation November 2020
YRC WORLDWIDE INC. Investor Presentation November 2020 Exhibit 99.1
Slide 2: Disclaimer and forward-looking statements
The information in this presentation is summary in nature and may not contain all information that is important to you. The Recipient acknowledges and agrees that (i) no representation or warranty regarding the material contained in this presentation is made by YRC Worldwide Inc. (the “Company” or “
Slide 3: Today is a new day for YRC Worldwide
~30,000 Employees 90+ Years of experience $4.9B 2019 Total Revenue ~333 Terminals ~14,000 / ~45,000 Tractors Trailers ~19M Shipments Transported Annually Today is a new day for YRC Worldwide We are North America’s largest alliance of LTL regional and national networks, perfectly balanced with multi-
Slide 4: Holding Company to Move forward under the heritage Yellow brand in 2021
Holding Company to Move forward under the heritage yellow brand in 2021
Slide 5: Operational realignment and new reporting structure create new efficiencies
Operational realignment and new reporting structure create new efficiencies Divisional, regional, and area operational reporting structure for Holland, New Penn, Reddaway, and YRC Freight are combined under a single leadership team 4 divisional and 17 operational areas supporting the entire network
Slide 6: Consolidation scenario: example of network optimization
CONSOLIDATION SCENARIO example of network optimization NETWORK OPTIMIZATION 6 key focus areas: Network Design and Facilities Linehaul Planning Routing and Interchange City Operations Dock and Yard Operations Visibility and Status TERMINAL B Company 2 TERMINAL A Company 1 TERMINAL C Company 2 TERMINA
Slide 7: Financial Results: Revenue and Operating Income
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 8: Financial Results: Adjusted EBITDA and Cash
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 9: Covenant Waiver Through 3Q21
COVENANT WAIVER THROUGH 3Q21 (in millions) LTM ADJUSTED EBITDA COVENANT
Slide 10: United States Treasury Funding
United States Treasury Funding Equity U.S. Treasury received 15.94 million shares of common stock and is the Companies largest shareholder at 29.6% Debt Financing U.S. Treasury loan provides two tranches of financing totaling $700 million Tranche A for $300 million is to cover short-term contractual
Slide 11: Reinvesting in the Business
Reinvesting In the business U.S. Treasury Tranche B Investments Expected to take delivery of ~300 new tractors and ~950 new trailers during 4Q 2020 Significant Additional CapEx Investments Include Technology Box trucks Containers Lift gates
Slide 12: Capital Structure Overview
($ in millions) Term Loan Lease Financing Obligations CDA Notes UST Tranche A CAPITAL STRUCTURE OVERVIEW Tranche A of $300M covers short-term contractual obligations and certain other obligations including pension and healthcare payments and will carry a variable interest rate, currently determined
Slide 13: Conclusion
conclusion Strong industry position, North America’s largest alliance of LTL national and regional networks Experienced Senior Leadership Team and Board of Directors Network optimization initiative continues and will create operational opportunities that expand revenue, accelerate cost reductions an
Slide 14: Appendix
y i YRC Worldwide APPENDIX
Slide 15: Operating Statistics – Third Quarter
Operating statistics – THIRD QUARTER (a) Percent change based on unrounded figures and not the rounded figures presented
Slide 16: Operating Statistics – First Three Quarters
OPERATING STATISTICS – FIRST THREE QUARTERS (a) Percent change based on unrounded figures and not the rounded figures presented
Slide 17: Adjusted EBITDA Reconciliation
($ 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
Slide 18: Cash Flow
Cash flow Free cash flow = operating cash flow less acquisitions of property and equipment, net of cash proceeds from disposals During Q4 2018, the Company recognized cash proceeds on the sale of a terminal of approximately $32 million During Q4 2019, the Company recognized cash proceeds on the sale
Slide 19: Investor Relations
NASDAQ: YRCW Tony Carreño Vice President - Investor Relations (913) 696-6108 investor@yrcw.com Investor relations WEBSITE YRCW.COM
YRC Worldwide — Investor Presentation (November 2020) on 6ix