People & Talent Agenda slide image

People & Talent Agenda

Investment - $ in millions Market Position Acquisitions 300 Managing the "Evolving" Ton $500 $400 $300 $200 $100 $0 $233 $195 5-year average of $232M $437 $221 n.h $72 Million Tons 250 200 150 100 50 Source: Berkeley Research Group, EPA, Waste Business Journal, RSG Internal Data 2014 20151 2016 0 2017 2018 ■Purchase Price ($M) 1975 1980 1985 1990 1995 2000 2005 2010 2015 2026 MSW Recycling & Composting • Five-year average of $232M 2019 pipeline supports approx. $550 million of annual investment • Population growth drives waste generation Focused on traditional recycling in select and prioritized markets Developing the best vertically integrated market position to further build density and improve returns 1. Excludes Tervita acquisition of $485 million 9
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