WM — Jan 29, 2025 release

      Projected Results (in millions)   Projected Year-Over-Year Change at Midpoint   Revenue $25,550 - $25,800   Growth of 16.4%, including 5.7% organic growth and 10.7% acquisition growth   Adjusted operating EBITDA (a) $7,450 - $7,650   Growth of 15.0%   Adjusted operating EBITDA margin (a) 29.2%-29.7%   WM Legacy Business expected to achieve 30.7% and WM Healthcare Solutions expected to achieve 17.6%   Capital to support the business $2,575 – $2,625   Includes a $140 million increase from WM Legacy Business and a $180 million increase from WM Healthcare Solutions (f)   Sustainability growth capital $600 – $650   Reduction of $325 million   Free cash flow (a) $2,675 - $2,775   Growth of 17.6%           2024 Adjusted Operating EBITDA (a) $6,563       Growth at Midpoint               Collection and Disposal 500             Recycling Processing and Sales 90             WM Renewable Energy 60             WM Healthcare Solutions 400             Corporate and Other (63)                 2025 Adjusted Operating EBITDA Midpoint (a) $7,550         Collection and Disposal   · Strong growth in the Collection and Disposal business is expected to be driven by disciplined pricing and continued cost optimization. Revenue growth outlook is based upon core price in 2025 of between 5.8% and 6.2%, yield of between 4.0% and 4.2%, and volumes between 0.25% and 0.75%. · Rollover from solid waste acquisitions is expected to contribute $150 million of revenue and $35 million of adjusted operating EBITDA. (a)   Sustainability Businesses   · Growth in the Company’s sustainability businesses is expected to be driven by