Casella Waste : 2025 CWST Presentation June 06 02 2025 (1)

Published: 2025-06-02 16:15:17 ET CWST

Published on 06/02/2025 at 16:15

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Provides integrated solid waste, recycling and resource solution services.

$1.6 billion revenue (1)($1.8 billion in 2025E)

Regional company, focused on secondary and tertiary markets of Eastern U.S.,

with operations in 10 contiguous states

Investment Highlights:

Solid waste is a ~$100 billion industry in the U.S., providing a recession-resistant, necessary service

Integrated operations, providing collection, recycling, disposal and sustainability solutions for customers

Revenue by Line of Business (1)

Well-positioned disposal footprint in capacity-constrained Northeast

Strong track record of consistent growth, margin expansion and cash flow generation

Disciplined growth strategy encompassing organic development and significant M&A opportunity, with low leverage profile and ample liquidity

Consolidated revenues for the 12 months ended 12/31/24. Figures in chart might not add to 100% due to rounding. 2025 guidance reaffirmed on 5/1/2025, assumes no future acquisitions.

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Where we were…

Founded in Vermont in 1975, IPO in 1997

Sustainability in our culture from the beginning

- Built first recycling facility in the state of Vermont in 1977

Began establishing strategic plans and financial goals publicly, focused on core competencies and markets

Where we are…

Strong team, culture and core values

Long track record of financial performance and shareholder returns

Growing into contiguous Mid-Atlantic region

Where we're going…

Continued organic growth and margin expansion

Disciplined capital allocation with robust M&A pipeline

Leveraging technology

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Successful execution against strategic plans

76 Collection Operations (1)

Recycling Facilities

9 Disposal Facilities (2), (3), (4)

3 Landfill Gas-to-Energy

Clinton LF

250k tons/yr

WasteUSA LF

600k tons/yr

North Country LF

230k cubic yards/yr 0.4mm tons capacity

70 Transfer Stations (1)

13.8mm tons capacity

12.8mm tons capacity

Hyland LF

465k tons/yr

Ontario LF

918k tons/yr

3.0mm tons capacity

mm tons capacity

Juniper Ridge LF

No annual cap

7.3mm tons capacity

McKean LF (4)

1.6mm tons/yr

23.8mm tons capacity

Hakes LF

462k tons/yr

6.0mm tons capacity

Chemung LF

437k tons/yr

3.8mm tons capacity

(1) Reflects acquisitions closed through 4/15/25. (2) Includes 8 Subtitle D landfills and 1 landfill permitted to accept construction and demolition materials. (3) Total disposal capacity includes permitted and permittable airspace estimates at each site as of 12/31/24.

(4) McKean permit allows for a maximum of 6,500 tons per day from either A) up to 6,500 tons per day via rail or B) up to 2,000 tons per day via truck with the remaining daily limit coming by rail; capped at an average of 6,000 tons per day within any calendar quarter.

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Disclaimer

Casella Waste Systems Inc. published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2025 at 20:14 UTC.