Core Points - GFL Environmental Inc. announced the pricing of a secondary offering of 16,611,295 subordinate voting shares at a public offering price of US$45.15 per share [1] - The company has agreed to purchase for cancellation a total of 1,275,000 shares from RBC Dominion Securities Inc. as part of the offering [2] - The shares will be offered in all provinces and territories of Canada through a prospectus supplement to the company's base shelf prospectus [3] Offering Details - The offering is being underwritten by RBC Capital Markets, LLC in the United States and RBC Dominion Securities Inc. in Canada [1] - The prospectus supplement will be accessible on or about November 24, 2025, through SEDAR+ [5] - GFL has filed a registration statement on Form F-10 with the SEC for the offering [6] Company Background - GFL is headquartered in Vaughan, Ontario, and is the fourth largest diversified environmental services company in North America [8] - The company provides a comprehensive line of solid waste management services across Canada and in 18 U.S. states [9] - GFL employs approximately 15,000 individuals across its organization [9]

Financial Performance & Outlook - Waste Connections reported approximately $945 billion in revenue for 2025[8] - The company anticipates an adjusted EBITDA of around $312 billion for 2025[8] - Adjusted free cash flow is projected to be approximately $130 billion for 2025[8] - In 2024, Waste Connections achieved revenue of $892 billion, reflecting an 112% increase[53] - The adjusted EBITDA for 2024 was $2902 billion, marking a 150% rise[53] Strategic Positioning & Growth - Approximately 40% of Waste Connections' markets are exclusive or franchise-based, while around 60% are competitive, primarily secondary or rural, with high market share[15] - Waste Connections has completed over 100 acquisitions in the last five years, representing approximately $22 billion in annualized revenue[34] - The company's acquisition pipeline includes approximately $5 billion of private company revenue in the U.S/Canada[34] ESG & Sustainability - Waste Connections has committed $500 million in capital towards achieving its ESG targets[39] Shareholder Returns - Waste Connections' 10-year total shareholder return (TSR) is approximately 500%[32] - The company's TSR is greater than 15x the returns of the DJ Waste Index, 19x the returns of the S&P500, and greater than 30x the returns of the TSX60[32]

Core Points - GFL Environmental Inc. will release its third quarter financial results for 2025 after market close on November 5, 2025 [1] - An investor conference call will be held on November 6, 2025, at 8:30 am Eastern Time [1] - The conference call can be accessed via the Company's Investors page or by dialing toll-free numbers in Canada and the U.S. [2] Company Overview - GFL is headquartered in Vaughan, Ontario, and is the fourth largest diversified environmental services company in North America [4] - The company provides a comprehensive line of solid waste management services across Canada and in 18 U.S. states [4] - GFL employs more than 15,000 individuals across its organization [4]