Exhibit 99.1 Execution Version FIFTH AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT FIFTH AMENDMENT TO SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT (this "Amendment"), dated as of June 4, 2024 by and among GFL ENVIRONMENTAL INC., a corporation existing under the laws of Ontario, Canada (the "Canadian Borrower"), GFL ENVIRONMENTAL USA INC., a corporation existing under the laws of Delaware (the "US Borrower"), the Guarantors party hereto, BANK OF MONTREAL, as administrative agent (in such capaci ...

Core Viewpoint - GFL Environmental Inc. has announced its intention to commence a normal course issuer bid (NCIB) for subordinate voting shares, with a maximum repurchase of 28,046,256 shares over a 12-month period starting March 3, 2025 [1][2][3] Group 1: NCIB Details - The NCIB will be conducted through the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), allowing for repurchases through various trading systems [1] - GFL has 381,570,455 subordinate voting shares outstanding as of February 18, 2025, and the repurchase represents 10% of the public float [2] - All repurchased shares will be cancelled, and purchases may include open market transactions and privately negotiated transactions [3][5] Group 2: Financial Context - GFL plans to allocate up to $2.25 billion from the sale of its Environmental Services businesses to fund the share repurchase [3] - The company expects to use the majority of these proceeds for purchasing shares held by sponsor shareholders, with the remainder for open market purchases [3] Group 3: Regulatory Considerations - GFL has received exemptive relief from the Ontario Securities Commission, allowing it to purchase up to 10% of its public float through U.S. trading platforms without the usual 5% limit [4] - The company may also acquire shares through privately negotiated transactions at a discount to the market price, subject to regulatory exemptions [5] Group 4: Historical Context - In the previous NCIB period from May 12, 2023, to May 11, 2024, GFL was authorized to repurchase 17,867,120 subordinate voting shares, but no shares were repurchased during that time [6] Group 5: Company Overview - GFL is the fourth largest diversified environmental services company in North America, providing solid waste management, liquid waste management, and soil remediation services [7] - The company employs over 20,000 individuals across its operations [7]

VAUGHAN, ON, Feb. 27, 2025 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company"), a leading North American diversified environmental services company, is hosting an Investor Day today in New York City. The event is scheduled to begin at 9:00 am Eastern Time and will showcase members of senior management who will discuss the Company's growth strategies, capital allocation plan, sustainability initiatives and financial objectives, followed by a question and answer session.At to ...

GFL Environmental Inc. (NYSE:GFL) Q4 2024 Earnings Conference Call February 25, 2025 8:30 AM ET Company Participants Patrick Dovigi - Founder & Chief Executive Officer Luke Pelosi - Chief Financial Officer Conference Call Participants Sabahat Khan - RBC Capital Markets Tyler Brown - Raymond James Kevin Chiang - CIBC World Markets Bryan Burgmeier - Citigroup Devin Dodge - BMO Konark Gupta - Scotiabank Brian Butler - Stifel Operator Hello, everyone, and thank you for joining the GFL Fourth Quarter 2024 Earnin ...

Core Viewpoint - GFL Environmental Inc. reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.13 per share, and showing significant growth from $0.04 per share a year ago, indicating a strong performance in the waste removal services industry [1][2]. Financial Performance - The company achieved revenues of $1.42 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.15% and reflecting an increase from $1.38 billion in the same quarter last year [2]. - Over the last four quarters, GFL has exceeded consensus EPS estimates three times and topped revenue estimates twice [2]. Stock Performance - GFL Environmental shares have increased approximately 4% since the beginning of the year, outperforming the S&P 500's gain of 2.2% [3]. - The stock's immediate price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $1.37 billion, while for the current fiscal year, the estimate is $1.06 on revenues of $5.93 billion [7]. - The estimate revisions trend for GFL Environmental is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6]. Industry Context - The Waste Removal Services industry, to which GFL belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [8]. - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact GFL's stock performance [5].

Core Insights - GFL Environmental Inc. reported strong financial results for Q4 and full year 2024, with a notable organic Solid Waste growth of 7.0% and an Adjusted EBITDA margin expansion of 190 basis points in Q4 [2][6] - The company announced a definitive agreement to sell its Environmental Services business at an $8 billion valuation, which is expected to significantly de-lever its balance sheet and enhance capital allocation flexibility [2][6] - GFL's full year revenue reached $7,862 million, marking an 8.8% increase excluding divestitures, while Adjusted EBITDA rose by 12.3% to $2,250.5 million [6][7] Financial Performance - Q4 2024 revenue was $1,985.9 million, an 8.2% increase excluding divestitures, with Solid Waste revenue contributing $1,571.2 million [7][6] - Full year Adjusted Free Cash Flow was $820.3 million, a 17% increase from the previous year, driven by higher EBITDA and reduced cash interest paid [6][7] - The company reported a net loss of $737.7 million for the full year 2024, primarily due to a non-cash loss from divesting certain U.S. assets [6][7] Guidance for 2025 - GFL anticipates revenue of approximately $8,425 million for 2025, with Adjusted EBITDA estimated at around $2,500 million [8][9] - The guidance excludes contributions from any uncompleted acquisitions and assumes continued organic growth and operational efficiencies [9][8] - The company aims to maintain a targeted Net Leverage of approximately 3.6x by the end of 2025, reflecting growth in Adjusted EBITDA and Free Cash Flow [9][8] Strategic Initiatives - GFL plans to reinvigorate its M&A program and pursue opportunistic share buybacks to drive equity value creation [2][6] - The company has set a new GHG emissions reduction target of 30% by 2030, aligning with science-based pathways [10] - An Investor Day is scheduled for February 27, 2025, to discuss long-term growth strategies and financial objectives [15][2]

Core Points - GFL Environmental Inc. will release its fourth quarter and full year 2024 financial results and 2025 guidance on February 24, 2025, after market close [1] - An investor conference call will be held on February 25, 2025, at 8:30 am Eastern Time to discuss the financial results [1] - The company will host its 2025 Investor Day on February 27, 2025, at the New York Stock Exchange, focusing on growth strategies, capital allocation, sustainability initiatives, and financial objectives [4] Company Information - GFL is headquartered in Vaughan, Ontario, and is the fourth largest diversified environmental services company in North America [6] - The company provides a comprehensive range of services including solid waste management, liquid waste management, and soil remediation across Canada and more than half of the U.S. states [6] - GFL employs over 20,000 individuals across its organization [6]

Group 1 - GFL Environmental is recommended for a buy rating based on expectations to exceed FY24 EBITDA guidance and potential positive valuation revision [1] - The investment is considered ideal if it operates in a sector projected for structural growth exceeding GDP growth over the next 5-10 years [1] - The company benefits from sustainable competitive advantages that lead to attractive unit economics [1] Group 2 - The investment is managed by competent, ethical, and long-term thinkers, which is a crucial factor for success [1] - A fair valuation is emphasized as an important aspect of the investment thesis [1]

Financial Data and Key Metrics Changes - GFL reported consolidated revenue of $2.015 billion for Q3 2024, aligning with guidance and reflecting an 11.3% revenue growth in solid waste, excluding divestiture impacts [24][26] - Adjusted EBITDA grew nearly 20% year-over-year, with adjusted EBITDA margins reaching 31.1%, marking a 300 basis point increase from the prior year [7][27] - Adjusted free cash flow and adjusted net income were $225 million and $126 million, respectively, both meeting expectations [29] Business Line Data and Key Metrics Changes - Solid waste adjusted EBITDA margins increased by 340 basis points, driven by commodity and fuel price tailwinds, despite headwinds from M&A and increased cost of risk [28] - Environmental Services revenue rose by 3% year-over-year, with a 9% increase when excluding lower used motor oil pricing and event-driven revenue from the prior year [26] Market Data and Key Metrics Changes - The company experienced a 6% increase in solid waste pricing, while volumes decreased by 0.8%, showing a sequential improvement over Q2 [24] - The company anticipates positive volume growth in Q4 as it anniversaries the impacts of targeted volume shedding initiatives [25] Company Strategy and Development Direction - GFL is on track to deploy approximately $900 million in M&A and growth investments for the year, with $96 million already invested in Q3, primarily in recycling and RNG infrastructure [12][13] - The company is evaluating the sale of its Environmental Services segment, expecting a minimum of $6 billion in after-tax proceeds, which will be used to repay debt and for stock buybacks [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain industry-leading financial performance, driven by organic growth and M&A opportunities [37][38] - The company expects to achieve mid-single-digit top-line organic growth and double-digit adjusted EBITDA growth in 2025, with potential contributions from ongoing M&A activities [35][36] Other Important Information - GFL's net leverage at the end of the quarter was 4.05, the lowest in the company's history, demonstrating commitment to capital allocation and deleveraging targets [14][29] - A leadership transition is planned, with Greg Yorston stepping down as COO and Billy Soffera taking over, ensuring continuity in operations [40][43] Q&A Session Summary Question: Clarification on the $6 billion from the Environmental Services sale - Management confirmed that the $6 billion is net of any tax leakage and emphasized confidence in achieving this amount [45][46] Question: Expected incremental EBITDA from EPR and RNG in 2025 - Management projected EPR to contribute $40 million to $50 million and RNG to double its contribution from $25 million to $30 million in 2025 [47][48] Question: Impact of divestiture on organizational structure and M&A - Management indicated that while divesting the Environmental Services segment would simplify certain processes, it would not lead to a significant reduction in overall overhead [72] Question: Sustainability-related spending expectations for 2025 - Management suggested that sustainability-related spending in 2025 would likely align with 2024 levels, pending further contract confirmations [83]

Group 1 - GFL Environmental Inc. reported quarterly earnings of $0.24 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, with an earnings surprise of 4.35% [1] - The company posted revenues of $1.48 billion for the quarter ended September 2024, which was below the Zacks Consensus Estimate by 0.61%, compared to $1.41 billion in the same quarter last year [2] - GFL Environmental shares have increased approximately 21.7% since the beginning of the year, outperforming the S&P 500's gain of 21.2% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $1.45 billion, and for the current fiscal year, it is $0.61 on revenues of $5.72 billion [7] - The Waste Removal Services industry, to which GFL belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, indicating potential challenges for stock performance [8]