Waste Connections (WCN) Presents At Raymond James 40th Annual Institutional Investors Conference - Slideshow

Company Overview - Waste Connections is the third largest solid waste company in North America, with an enterprise value of approximately $25 billion and assets of around $12 billion[5] - The company focuses on secondary and exclusive markets, leading to sector-leading EBITDA and free cash flow margins[5] - Waste Connections has consistently delivered positive shareholder returns, with 2018 marking the 15th consecutive year of such performance[5] Financial Performance and Outlook - In 2018, Waste Connections reported revenue of $4.923 billion, a 6.3% year-over-year increase, with solid waste pricing growth of approximately 4.5%[26] - Adjusted EBITDA for 2018 was $1.566 billion, representing 31.8% of revenue, a 30 bps increase year-over-year[26] - Adjusted free cash flow for 2018 reached $879.9 million, or 17.9% of revenue, with an EBITDA to FCF conversion rate of 56.2%[26] - The company anticipates 2019 revenue of $5.310 billion, with an adjusted EBITDA of $1.705 billion, or 32.1% of revenue[29] - Waste Connections projects adjusted free cash flow of $950 million for 2019, which is about 17.9% of revenue and over 55% of EBITDA, expecting double-digit adjusted free cash flow per share growth[29] Capital Allocation - Waste Connections actively engages in M&A, with approximately $360 million in total annualized revenue from acquisitions in 2018[26] - The company returned $211.5 million to shareholders through buybacks and dividends in 2018, increasing the quarterly cash dividend by 14.3%[26]