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Investor Presentaiton

CASH FLOW YRCW Operating Cash Flow (b) (in millions) YRCW Free Cash Flow (a) (b) (in millions) $148 $104 $84 $61 $152 $57 $38 $5 $33 $33 $(15) $14 $(34) $(44) 2013 2014 2015 2016 LTM 2017 3Q17 LTM 2013 2014 2015 2016 LTM 2017 3Q18 3Q17 LTM 3Q18 Focused on improving cash flows while simultaneously increasing reinvestment into the Company. (a) Free cash flow = operating cash flow less acquisitions of property and equipment, cash proceeds from disposals (b) The Company adopted ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, beginning in January 1, 2017, with a retrospective application. The new standard requires an employer to classify as a financing activity in its statement of cash flows the cash paid to a taxing authority when shares are withheld to satisfy the employer's statutory income tax withholding obligation. As a result of adoption, the Company reclassified "Payments for tax withheld on share-based compensation" as financing activities in the statements of consolidated cash flows for 2013 - 2017 annual and quarterly periods, as applicable. YRC WORLDWIDE INVESTOR PRESENTATION 36
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