Yellow Corporation Fourth Quarter 2021 Earnings Conference Call Exhibit 99.2
Financial Results
Financial Results
(a) Percent change based on unrounded figures and not the rounded figures presented Operating Statistics – Fourth Quarter
(a) Percent change based on unrounded figures and not the rounded figures presented Operating Statistics – Year End
Term Loan Lease Financing Obligations CDA Notes UST Tranche A UST Tranche B (in millions) UST Tranche A carries a variable interest rate based on the Eurodollar rate, which is currently determined by the 1, 2, 3 or 6-month USD Libor with a floor of 1.0%, plus a fixed margin of 3.5%. 1.5% is paid in cash and the remainder paid-in-kind (PIK). The Tranche A balance includes $11.4M of PIK interest as of 12/31/21. UST Tranche B carries a variable interest rate based on the Eurodollar rate, which is currently determined by the 1, 2, 3 or 6-month USD Libor with a floor of 1.0%, plus a fixed margin of 3.5%. All paid all in cash. The Term Loan carries a variable interest rate based on the Eurodollar rate, which is currently determined by the 1, 2, 3 or 6-month Libor, with a floor of 1.0%, plus a fixed margin of 7.5%. All paid in cash. Capital Structure Overview
Largest debt instruments and the labor agreement mature at various dates in 2024 IBT March ABL Facility January Term Loan June CDA Notes December UST Loan September Capital Structure and Labor Timeline
(in millions) LTM Adjusted EBITDA Covenant $306 LTM as of 4Q21
(in millions) Adjusted EBITDA Reconciliation
