HOUSTON — May 30, 2019 — Waste Management, Inc. (NYSE: WM) will host its Investor Day at the New York Stock Exchange today beginning at 8:30 a.m. EDT to provide an in-depth review of the Company’s long-term vision, growth strategies, capital allocation framework, and operational and financial objectives. The event will feature presentations and question and answer sessions with every member of the Company’s senior leadership team. “In recent years, we have extended our leadership position by executing several key strategic initiatives, including attracting top senior-level talent, optimizing our business, investing in technology and strengthening our balance sheet.” said Jim Fish, President and Chief Executive Officer of Waste Management. “Today, Waste Management is better positioned than ever and our team is excited to use our Investor Day as a platform to outline the next phase of our strategy to create shareholder value. Our plan is grounded in cultivating a purpose-led culture and offering differentiated service through our integrated use of technology and data analytics to provide a better experience for our customers,” added Fish. Today, the Company reaffirms its 2019 financial outlook, excluding Advanced Disposal Services, Inc. (“Advanced Disposal”) acquisition-related financing costs and revisions in outlook for capital allocated to share repurchases. The Company will also announce long-term growth targets that reflect confidence in its ability to execute on strategic priorities to grow the business. These long-term growth targets, which are outlined below, also exclude the expected revenue, earnings and free cash flow contributions expected from the acquisition of Advanced Disposal. 2019 — 2021 LONG-TERM AVERAGE ANNUAL GROWTH TARGETS · Revenue growth in the collection and disposal business of between 4% and 6%. · Adjusted Operating EBITDA growth of between 5% and 7%.(a) · Free Cash Flow growth of between 5% and 7%.(a) EVENT WEBCAST DETAILS The live webcast of Waste Management’s Investor Day, including question and answer sessions, will begin at 8:30 a.m. EDT and conclude at approximately 12:30 p.m. The presentations and webcast can be accessed from Waste Management’s Investor Relations website at http://investors.wm.com/events/event-details/2019-investor-day and will be available for replay following the event. (a) Adjusted operating EBITDA and free cash flow are non-GAAP measures. Please see the May 30, 2019 Investor Day presentation, available at the website identified in the prior paragraph, for definitions of these terms and additional information about the Company’s use of non-GAAP measures. Due to the uncertainty of the likelihood, amount and timing of future items that may impact these measures, the Company is unable to provide a quantitative reconciliation of long-term projected adjusted operating EBITDA growth or long-term projected free cash flow growth to the comparable GAAP measures. | 