Financial Data and Key Metrics Changes - The company reported a revenue growth of 9%, with over 4% attributed to acquisitions, and adjusted EBITDA growth of 10.5% [54] - Adjusted EBITDA margin expanded by 40 basis points to 30% during the quarter [61] - Adjusted earnings per share were reported at $1.41, and adjusted free cash flow increased by 10% year-to-date to $1.26 billion [54][86] Business Line Data and Key Metrics Changes - The Environmental Solutions business saw revenue increase by $104 million year-over-year, primarily due to the acquisition of U.S. Ecology, with an adjusted EBITDA margin of 22.5% [85] - Core price on related revenue was 8.8%, with an average yield on related revenue of 7.1% [84] - Volume on total revenue increased by 40 basis points, while volume on related revenue increased by 50 basis points, driven by increases in small containers, residential, and landfill services [50] Market Data and Key Metrics Changes - Commodity prices for recycling were reported at $119 per ton, down from $218 per ton in the prior year, with expectations for average recycled commodity prices to remain between $110 and $115 per ton for the full year [60] - The company experienced a 3.7% increase in landfill revenue, primarily driven by an 8.3% increase in special waste revenue [50] Company Strategy and Development Direction - The company plans to exceed $1 billion in value-creating acquisitions for the year, with a strong pipeline for both recycling and solid waste and Environmental Solutions businesses [45] - The company is focusing on sustainability investments, including the Blue Polymers joint venture, which aims to enhance plastic circularity [48] - The company aims to maintain disciplined pricing strategies while expanding its Environmental Solutions business and leveraging cross-selling opportunities [79] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit topline growth in the medium term, driven by pricing discipline and organic growth in the solid waste and recycling business [12][13] - The company anticipates a relatively flat volume environment in the second half of the year, reflecting caution due to construction market conditions [124] - Management noted that inflation in cost categories is expected to moderate in the second half of the year, allowing for a favorable price-cost spread [101] Other Important Information - The company achieved over $40 million in annualized cost synergies, contributing to improved margins [55] - Total debt was reported at $12.2 billion, with total liquidity of $2.1 billion and a leverage ratio of approximately 3x [62] Q&A Session Summary Question: Can you expand on the visibility for double-digit topline growth? - Management indicated that growth will be driven by pricing, organic growth, and M&A contributions, with a disciplined approach to pricing [12][13] Question: What is the expected EBITDA impact from the Polymer Center in 2024? - The expected contribution from the Polymer Center is $15 million in 2024, with incremental growth expected in subsequent years [33] Question: Are there signs of price competition from smaller players? - Management noted that while there is always some competition, they have not seen a significant negative trend in pricing or volume [35][97] Question: How does the company view the impact of PFAS remediation? - Management sees PFAS remediation as a net positive opportunity, with ongoing discussions about solutions and customer needs [129] Question: What is the expected contribution from M&A in the new revenue guidance? - Management indicated that M&A is expected to contribute closer to 3.5% to 4% to revenue growth, with a strong pipeline for future acquisitions [106]

Financial Data and Key Metrics - Revenue growth of 21% in Q1, including 11% from acquisitions, with adjusted EPS of $1.24 and adjusted free cash flow of $496 million [30] - Adjusted EBITDA margin for the Environmental Solutions business improved to 20.6%, a sequential increase of 350 basis points [47] - Total company adjusted EBITDA margin for Q1 was 29%, compared to 30.4% in the prior year [47] - Core price on total revenue was 8.2%, with related revenue at 9.3% [46] - Volume on total revenue increased 1.6%, while volume on related revenue increased 1.8% [46] - Recycling commodity prices were $105 per ton in Q1, compared to $201 per ton in the prior year, with current prices at $115 per ton [17] Business Line Performance - Environmental Solutions revenue increased by $309 million YoY, primarily due to the acquisition of US Ecology, contributing 50 basis points to internal growth on a same-store basis [28] - Cross-selling efforts in Environmental Solutions generated over $60 million in new sales, with $40 million in annualized cost savings achieved [12] - Over 75% of residential routes are operating with RISE tablets, with full deployment expected by mid-year [13] - Landfill revenue increased by 21.7%, driven by special waste [46] Market Performance - Volume growth was broad-based across market verticals and geographies [31] - Pricing actions were well-accepted, with minimal customer defection [12] - Recycling processing and commodity sales decreased revenue by 90 basis points during the quarter [17] Strategic Direction and Industry Competition - The company is focused on integrating US Ecology and improving the profitability of its Environmental Solutions business [12] - Investments in sustainability include scaling the electric fleet, with prototypes expected later this year and full-scale deployment by 2025 [44] - The company is leveraging digital capabilities to enhance customer experience and service offerings [13] - The acquisition pipeline remains strong, with opportunities for over $500 million in value-creating acquisitions in 2023 [30] Management Commentary on Operating Environment and Future Outlook - Management remains cautiously optimistic about the demand environment, with strong growth in pricing and volume [23] - The company expects commodity prices to recover in the second half of the year as global supply/demand imbalances correct [17] - Employee engagement is high, with turnover rates below 2019 levels, improving the ability to capitalize on growth opportunities [26] - The company is well-positioned to navigate potential economic uncertainties, with a focus on pricing ahead of cost inflation [23] Other Important Information - The company was named to Barron's 100 Most Sustainable Companies list, Ethisphere's World's Most Ethical Companies list, and Fortune's list of the World's Most Admired Companies [26] - The company is investing in renewable natural gas projects, with six expected to commence operations this year [122] - The combined tax rate and effects from solar investments resulted in a tax impact of 26.3% during Q1, in line with expectations [120] Q&A Session Summary Question: M&A Pipeline and Distribution Across Businesses [4] - The pipeline for M&A remains strong, with a focus on recycling, solid waste, and environmental solutions businesses [30] Question: Employee Turnover and Recruitment Trends [10] - Turnover is down, and employee engagement is high, with recruitment improving significantly in the last 4-5 months [10] Question: Pricing and Cost Inflation [54] - Unit cost inflation is expected to be around 6%, higher than the initial guidance of 5.5%, driven by factors like truck delivery costs [54] Question: Environmental Solutions Margin Improvement [55] - The company aims to improve Environmental Solutions margins from low 20% to 30% over the long term [55] Question: Special Waste Sensitivity to Recession [115] - Special waste volumes are less sensitive to economic downturns, as most projects are essential and not discretionary [100] Question: PFAS Regulation Impact [126] - The company sees PFAS regulation as an opportunity, with potential to pass regulatory costs to customers [132] Question: Electrification Progress [127] - The company is on track with its electrification strategy, with over 20 trucks electrified and plans to scale up to several hundred by 2025 [68] Question: Free Cash Flow Conversion [138] - The company aims to improve free cash flow conversion to the high 40% range, despite headwinds like interest expense and bonus depreciation expiration [138] Question: Competitive Dynamics and M&A Opportunities [139] - Smaller competitors may face challenges in financing and expanding due to supply chain issues, creating opportunities for the company [139] Question: Environmental Services Cyclicality [136] - The company is working to make Environmental Services less cyclical by integrating offerings and building closer customer relationships [137] Question: Price and Cost Spread in 2024 [98] - The company expects to maintain a 30-50 basis point margin expansion in 2024, pricing ahead of cost inflation [80] Question: Special Waste Revenue Growth [105] - Special waste revenue growth is driven by cross-sell opportunities and strong demand in the Environmental Solutions business [105] Question: Commodity Price Recovery [88] - Commodity prices are expected to recover, with a full-year average of $125 per ton, in line with initial expectations [88] Question: Margin Bridge and Seasonality [151] - The company outperformed normal seasonality in Q1, with margin improvements driven by pricing and cost management [151] Question: Organic Growth Composition in Environmental Services [159] - Organic growth in Environmental Services is driven by both pricing and volume, similar to the broader business [160] Question: Price Cadence for the Year [173] - The company expects price increases to moderate in the second half of the year, with a focus on maintaining a positive price/cost spread [124]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 1-14267 REPUBLIC SERVICES, INC. (Exact Name of Registrant as Specified in its Charter) __________________ ...

Financial Data and Key Metrics Changes - In 2022, the company achieved a revenue growth of 20%, with 10% attributed to acquisitions [1] - Adjusted EBITDA grew by 16%, and adjusted earnings per share increased by 18% to $4.93 [1] - Adjusted free cash flow reached $1.74 billion, marking a 15% increase from the previous year [1][40] - Total debt at the end of the year was $11.9 billion, with total liquidity of $1.7 billion [16] Business Line Data and Key Metrics Changes - The Environmental Solutions business saw a revenue increase of approximately $320 million, primarily due to the acquisition of US Ecology [38] - The adjusted EBITDA margin for the Recycling and Solid Waste business was 28.7%, a slight increase from 28.6% in the prior year [14] - The company expects organic volume growth in 2023 to be in the range of 50 basis points to 1% [12] Market Data and Key Metrics Changes - Core price on related revenue increased to 8.4%, with average yield on related revenue rising to 6.7% [6][36] - Current commodity prices are approximately $95 per ton, with expectations for recovery in the second half of the year [37] - The company anticipates a decrease in full-year 2023 revenue and EBITDA of $45 million due to expected commodity price changes [13] Company Strategy and Development Direction - The company is focused on sustainability as a core strategy, leveraging it for profitable growth [33] - Investments in polymer centers and renewable natural gas projects are progressing well, with the first center in Las Vegas expected to come online in late 2023 [135] - The company plans to invest at least $500 million in value-creating acquisitions in 2023 [160] Management's Comments on Operating Environment and Future Outlook - Management expects high single-digit growth in revenue, EBITDA, and free cash flow for 2023 despite headwinds from lower recycled commodity prices and higher interest rates [35] - The company is mindful of potential recession talks but sees strength in the industrial market and consumer engagement [54] - Management indicated that the majority of EPS growth in 2023 is expected to be back-end loaded due to challenging comparisons in the first half [17] Other Important Information - The company returned nearly $800 million to shareholders through dividends and share repurchases [4] - The customer retention rate remained strong at 94%, with the highest NPS scores recorded at the end of 2022 [5] - Full-year SG&A expenses were 10.2% of revenue, reflecting continued cost management [39] Q&A Session Summary Question: What is the expected pricing trend for 2023? - Management expects restricted pricing to increase by 50 to 100 basis points in 2023, with total pricing remaining above 5% in all quarters [20][21] Question: Can you provide details on the US Ecology acquisition performance? - The revenue contribution from US Ecology outperformed expectations by nearly $50 million, primarily due to quicker integration activities [2][26] Question: What are the expectations for commodity prices in 2023? - The company anticipates average recycled commodity prices of $125 per ton in 2023, starting at $95 per ton in the first quarter [162] Question: How does the company view the current market environment? - Management acknowledges ongoing inflation and supply chain challenges but remains optimistic about pricing power and customer willingness to pay [230][201] Question: What is the outlook for residential volumes in 2023? - Management expects residential volumes to remain positive throughout 2023, despite some softness in the construction market [100][211]

Republic Services, Inc. (NYSE:RSG) Q3 2022 Earnings Conference Call October 27, 2022 5:00 PM ET Company Participants Aaron Evans - Vice President, Investor Relations Jon Vander Ark - Chief Executive Officer Brian DelGhiaccio - Chief Financial Officer Conference Call Participants Tyler Brown - Raymond James Toni Kaplan - Morgan Stanley Noah Kaye - Oppenheimer Kevin Chang - CIBC Michael Hoffman - Stifel Walter Spracklin - RBC Capital Markets Jerry Revich - Goldman Sachs Sean Eastman - KeyBanc Capital Markets ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File N ...

Financial Data and Key Metrics Changes - Revenue growth of 21% year-over-year, with adjusted earnings per share of $1.32, also a 21% increase from the prior year [11][10] - Adjusted free cash flow exceeded $1.1 billion year-to-date, representing a 14% increase compared to the previous year [11][30] - Adjusted EBITDA margin for the second quarter was 29.6%, down from 30.6% in the prior year [26] Business Line Data and Key Metrics Changes - Organic volume growth of 2.4%, with increases in small containers (2.8%), large containers (2%), and landfill (5.7%) [14][23] - Environmental solutions revenue increased by $260 million year-over-year, primarily due to the acquisition of US Ecology [24] - Adjusted EBITDA margin for the environmental solutions segment was 17.1% [26] Market Data and Key Metrics Changes - Core price reached an all-time high of 6.2%, with average yield on total revenue increasing to 5% [15][21] - Recycling commodity prices rose to $218 per ton, compared to $170 per ton in the prior year [23] Company Strategy and Development Direction - The company plans to invest over $600 million in acquisitions apart from US Ecology, focusing on recycling and solid waste [14] - The integration of US Ecology is progressing well, with expectations of achieving at least $40 million in cost synergies [12][13] - The company aims to create a more sustainable world, with a reported 9% decrease in greenhouse gas emissions from the 2017 baseline [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in pricing exceeding internal cost inflation, projecting adjusted EPS in the range of $4.77 to $4.80 for the full year [16][15] - The company anticipates continued double-digit EBITDA growth year-over-year, with a guidance of approximately 29.3% adjusted EBITDA margin for the full year [29][16] - Management acknowledged higher than expected inflationary pressures but remains optimistic about pricing strategies [15][16] Other Important Information - Total debt stood at $12 billion, with total liquidity of $1.6 billion and a leverage ratio of approximately 3.3 times [32] - The company returned $495 million to shareholders through dividends and share repurchases year-to-date [14] Q&A Session Summary Question: Pricing expectations for the remainder of the year - Management indicated strong pricing momentum and expects continued elevated pricing due to macroeconomic factors and service differentiation [37] Question: Integration of US Ecology and surprises - Management expressed satisfaction with the integration process, noting higher retention rates and positive cultural alignment [38] Question: Tailwinds for 2023 from landfill gas investments - Management stated that contributions from landfill gas projects will be limited in 2023, with more significant impacts expected in 2024 and beyond [50] Question: Margin performance and inflation impact - Management noted that margin expansion in 2023 will depend on labor market conditions and pricing strategies [52] Question: Revenue contribution from acquisitions - Management confirmed that acquisitions are expected to contribute approximately 9.3% to revenue, with US Ecology included [89] Question: Capital allocation strategy - Management indicated a balanced approach to debt repayment and acquisitions, with a focus on reducing leverage [97]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number ...

Republic Services, Inc. (NYSE:RSG) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Stacey Mathews - VP, IR Jon Vander Ark - President and CEO Brian DelGhiaccio - EVP and CFO Conference Call Participants Tyler Brown - Raymond James Toni Kaplan - Morgan Stanley Michael Hoffman - Stifel Jerry Revich - Goldman Sachs Kevin Chiang - CIBC Sean Eastman - KeyBanc Capital Markets Noah Kaye - Oppenheimer Mike Calleja - Bank of America Stephanie Yee - JPMorgan Operator Good day, and welcome ...