FULL YEAR 2022 OUTLOOK Financial Discussion slide image

FULL YEAR 2022 OUTLOOK Financial Discussion

SUSTAINABILITY-LINKED INVESTMENTS $100 million of RNG and recycling greenfield investment included in 2022 capex Investment in resource recovery and Renewable Natural Gas (RNG) facilities consistent with ESG targets and shareholder value creation objectives Two recycling facilities and two RNG plants under construction for completion in 2023 $150mm total capital cost: $100mm in 2022 and $50mm in 2023 ➤ Attractive returns at range of values for recycled commodities and RINS Expectations for RNG Plants: > Long-term => projects at ~15-20 landfills ➤ Near-term expectations (2-5 years): 10 projects in development, including 4 under construction ➤ Combination of new facilities and conversion of electrical generating facilities ➤ Equity structure => mixture of partnerships (~2/3) and WCN ownership (~1/3) 10
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