WM — Oct 28, 2024 release

(a) • The Company completed eight recycling projects in the quarter and has now completed 24 out of its 39 planned automation and new market projects. Completed projects have added 1.5 million tons of annual recycling capacity across North America. (f) • The Company has brought three of its 20 planned renewable natural gas projects into service, including one brought online earlier this year, and currently expects four additional projects to be commissioned by year-end. The Company anticipates that these seven projects will contribute approximately six million MMBtu of annual production next year. (f) • Through the first nine months of the year, the Company generated $3.88 billion of net cash provided by operating activities, an increase of 16.2% from the prior year. • The Company expects total capital expenditures to be $3.15 to $3.25 billion, with about $950 million targeted at sustainability growth investments. • Strong operating cash flow growth combined with disciplined capital spending led to a 20.0% increase in free cash flow on a year-to-date basis. These results put the Company on track to achieve the high end of its guidance of $2.15 billion in free cash flow in 2024. (a)(g) • The Company has invested $790 million on acquisitions in 2024, largely for solid waste businesses. The acquired businesses have contributed $108 million of revenue growth in 2024. Additionally, the Company continues to work through regulatory approval processes to support its planned acquisition of Stericycle. The acquisition is expected to close in the fourth quarter of 2024. Integration planning processes are moving fo