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YRC WORLDWIDE INC.

(YRCW)
  Report
End-of-day quote Nasdaq  -  2022-09-29
5.070 USD   +0.40%
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Yellow : 2nd Quarter 2022 Earnings Call Presentation

08/03/2022 | 04:42pm EDT

Yellow Corporation

Second Quarter 2022

Earnings Conference Call

Financial Results

Revenue

Operating Income

(in millions)

(in millions)

$5,294

$5,122

$213

$4,859

$4,514

$104

$57

$33

2020

2Q21 LTM

2021

2Q22 LTM

2020

2Q21 LTM

2021

2Q22 LTM

2

Financial Results

Adjusted EBITDA

(in millions)

Cash and Cash Equivalents and

Managed Accessibility

$407

$306

$216

$192

$440

(in millions)

$423

$359

$305

2020

2Q21 LTM

2021

2Q22 LTM

LTM Adjusted EBITDA covenant is $200 million in 2Q 2022 and thereafter

12/31/2020

6/30/2021

12/31/2021

6/30/2022

3

Cash Flow

Operating Cash Flow

Free Cash Flow(a)

(in millions)

(in millions)

$123

$38

$60

$10

$(152)

$(104)

$(484)

2020

LTM 2Q21

2021

LTM 2Q22

(b)

$(564) (b), (c)

2021

(c)

LTM 2Q22

(c), (d)

2020

LTM 2Q21

  1. Free cash flow = operating cash flow less acquisitions of property and equipment, net of cash proceeds from disposals
  2. During FY 2020, the Company recognized cash proceeds on the sale of terminals of approximately $53 million
  3. During FY 2021, the Company recognized cash proceeds on the sale of terminals of approximately $1 million
  4. For YTD 2Q22, the Company recognized cash proceeds on the sale of terminals of approximately $9 million

Free Cash Flow Reconciliation

FY 2020

LTM 2Q21

FY 2021

LTM 2Q22

Net cash provided in operating activities

$

122.5

$

(103.8)

$

10.2

$

59.5

Acquisition of property and equipment

(140.6)

(462.7)

(497.6)

(224.0)

Proceeds from disposal of property and equipment

56.1

2.6

3.6

12.4

Free Cash Flow

$

38.0

$

(563.9)

$

(483.8)

$

(152.1)

4

Operating Statistics - Second Quarter

Workdays

LTL tonnage (in thousands)

LTL tonnage per workday (in thousands)

LTL shipments (in thousands)

LTL shipments per workday (in thousands)

LTL picked up revenue/cwt.

$

LTL picked up revenue/cwt. (excl. FSC)

$

LTL picked up revenue/shipment

$

LTL picked up revenue/shipment (excl. FSC)

$

LTL weight/shipment (in pounds)

Total tonnage (in thousands)

Total tonnage per workday (in thousands)

Total shipments (in thousands)

Total shipments per workday (in thousands)

Total picked up revenue/cwt.

$

Total picked up revenue/cwt. (excl. FSC)

$

Total picked up revenue/shipment

$

Total picked up revenue/shipment (excl. FSC)

$

Total weight/shipment (in pounds)

2Q22

2Q21

YoY % (a)

63.5

64.0

2,082

2,511

(17.1)

32.80

39.24

(16.4)

3,719

4,419

(15.9)

58.56

69.05

(15.2)

30.69

$

23.67

29.7

23.88

$

20.70

15.3

344

$

269

27.8

267

$

235

13.7

1,120

1,137

(1.5)

2,659

3,268

(18.6)

41.87

51.06

(18.0)

3,820

4,550

(16.0)

60.16

71.10

(15.4)

26.35

$

20.01

31.7

20.72

$

17.57

17.9

367

$

287

27.6

288

$

252

14.3

1,392

1,436

(3.1)

YoY % (a)

Apr-22

May-22

Jun-22

LTL tonnage per workday

(17.0)

(17.2)

(15.1)

Total tonnage per workday

(17.5)

(18.2)

(18.3)

(a) Percent change based on unrounded figures and not the rounded figures presented

5

Disclaimer

Yellow Corporation published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 20:37:12 UTC.


© Publicnow 2022
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Financials (USD)
Sales 2022 5 438 M - -
Net income 2022 90,7 M - -
Net Debt 2022 1 331 M - -
P/E ratio 2022 2,90x
Yield 2022 -
Capitalization 262 M 262 M -
EV / Sales 2022 0,29x
EV / Sales 2023 0,30x
Nbr of Employees 32 000
Free-Float 97,2%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 3
Last Close Price 5,07 $
Average target price 9,00 $
Spread / Average Target 77,5%
EPS Revisions
Managers and Directors
Darren D. Hawkins Chief Executive Officer & Director
Darrel J. Harris President & Chief Operating Officer
Daniel L. Olivier Chief Financial Officer
Matthew A. Doheny Chairman
Jason T. Ringgenberg Chief Information Officer
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