EX-99.2 3 d663566dex992.htm EX-99.2 EX-99.2

Slide 1

YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CALL Consolidated (a) The Company adopted ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, on January 1, 2018, with a retrospective application. This requires a reclassification to non-operating expenses from “Salaries, wages and employee benefits” in operating expenses. Operating income as originally reported (includes pension and settlement expense for single-employer pension) represents operating income prior to this application. Exhibit 99.2


Slide 2

Growing into capital structure. Continue to de-risk the balance sheet. Funded Debt to Adjusted EBITDA ratio down 2.70 turns. Note: Funded debt balances based on par value Leverage ratio YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CALL


Slide 3

YRCW’s credit ratings as of December 31, 2018: Standard & Poor’s Corporate Family Rating was B- with Stable outlook Moody’s Investor Service Corporate Family Rating was B3 with Positive outlook 2.64x LTM as of 4Q 2018 Credit facility covenants YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CALL


Slide 4

Key Segment Information (a) Percent change based on unrounded figures and not the rounded figures presented YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CALL


Slide 5

(a) Certain reclassifications have been made to prior years to conform to current year presentation (b) As required under our Term Loan Agreement, Other, net, shown above consists of the impact of certain items to be included in Adjusted EBITDA ($ in millions) Ebitda reconciliation (consolidated) YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CALL


Slide 6

(a) Certain reclassifications have been made to prior years to conform to current year presentation (b) Due to the adoption of ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, amounts for prior years have been updated to reflect the reclassification of pension expense (c) As required under our Term Loan Agreement, Other, net, shown above consists of the impact of certain items to be included in Adjusted EBITDA ($ in millions) EBitda reconciliation (segment) YRC WORLDWIDE FOURTH QUARTER 2018 EARNINGS CONFERENCE CALL