WM — Jul 28, 2025 release

(a)  The Company’s Recycling Processing and Sales and WM Renewable Energy businesses together contributed $36 million to adjusted operating EBITDA growth, primarily due to sustainability growth projects. (a)(f)   · WM Healthcare Solutions contributed $110 million of adjusted operating EBITDA, in line with expectations. (a)  The Company is on track to achieve the upper end of its targeted synergies of $80 to $100 million in 2025.       Revenue       Second Quarter 2025 ($ in millions)     Second Quarter 2024 ($ in millions)       Amount     Growth     Amount     Growth   WM Legacy Business (d)   $ 5,784       7.1 %   $ 5,402       5.5 % WM Healthcare Solutions     646       N/A       -       -   Total Company   $ 6,430       19.0 %   $ 5,402       5.5 %   · Revenue growth of 7.1% in the WM Legacy Business was driven by core price of 6.4% and Collection and Disposal yield of 4.1% as the Company continues its focus on customer lifetime value. (e)   · Volumes in the Collection and Disposal business grew 1.6% as compared to the second quarter of 2024, with robust growth in landfill volumes more than offsetting the Company’s loss of a relatively large residential contract.       Operating Expenses       Second Quarter 2025 ($ in millions)     Second Quarter 2024 ($ in millions)       Total Company Breakout     As Adjusted (a)     Total Company Breakout     As Adjusted (a)       Amount     Margin     Amount     Margin     Amount     Mar