WM — Apr 28, 2025 release

The Company’s Recycling Processing and Sales and WM Renewable Energy businesses together contributed $18 million to operating EBITDA growth, primarily due to sustainability growth projects.   · WM Healthcare Solutions contributed $95 million of adjusted operating EBITDA, in line with expectations. (a)  The Company is on track to achieve its targeted synergies of $80 to $100 million in 2025.   Revenue       First Quarter 2025 ($ in millions)     First Quarter 2024 ($ in millions)       Amount     Growth     Amount     Growth   WM Legacy Business (d)   $ 5,399       4.7 %   $ 5,159       5.5 % WM Healthcare Solutions     619               N/A       -       -          Total Company   $ 6,018       16.7 %   $ 5,159       5.5 %   · Revenue growth of 4.7% in the WM Legacy Business was driven by core price of 6.5% and Collection and Disposal yield of 4.0% as the Company continues its focus on maximizing customer lifetime value. (e)   · Workday adjusted volumes in the Collection and Disposal business were flat in the quarter with growth in landfill volumes offset by the Company’s strategic exit from low-margin residential collection business.   · Volume was negatively impacted by 30 basis points from winter weather events in the Company's Eastern Tier.   Operating Expenses       First Quarter 2025 ($ in millions)     First Quarter 2024 ($ in millions)       Total Company Breakout     As Adjusted (a)     Total Company Breakout     As Adj