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Investor Presentaiton

Volume Trends Volume driven by: . Population growth Household formation New business formation Resilient during a downturn Highly correlated to housing starts 1 Correlation excludes 2020 results 19 | Investor Presentation RSG Volume Growth RSG Volume Growth Volume Growth vs. Housing Starts Growth (lagged by one year) 4% 30% 15% 0% (4%) (8%) 0% (15%) 90% Correlation¹ (30%) (12%) (45%) '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 RSG Volume Growth Housing Starts Growth Volume Growth vs. GDP Growth 4% 4% 0% (4%) (8%) (12%) 75% Correlation¹ '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 IRSG Volume Growth Housing Starts Growth 2% 0% (2%) (4%) GDP Growth REPUBLIC SERVICES Housing Starts Growth
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