WM — Apr 28, 2026 release

(a) · The Company returned $729 million to shareholders in the first quarter, including $385 million in cash dividends and $344 million of share repurchases. · During the quarter, the Company’s leverage ratio returned to its target range of between 2.5 to 3.0 times total debt to EBITDA. (g) · The Company began operations at new recycling facilities in Ontario and Detroit and completed a recycling automation project in South Florida, which is now its largest single stream facility. Together, the projects added nearly 300,000 tons of processing capacity.     (a) The information labeled as adjusted in this press release, as well as free cash flow, are non-GAAP measures. Please see “Non-GAAP Financial Measures” below and the reconciliations in the accompanying schedules for more information.   (b) Management defines operating EBITDA as GAAP income from operations before depreciation, depletion, amortization and accretion; this measure may not be comparable to similarly titled measures reported by other companies.   (c) Beginning in 2026, landfill accretion expense was moved from operating expenses to depreciation, depletion, amortization, and accretion.  Landfill accretion expense in the three months ended March, 31 2026 and 2025 was $39 million and $35 million, respectively. For comparability purposes, 2025 actuals have been updated to reflect that change.   (d) For purposes of this press release, all references to “Net