Mr. Patrick Dovigi reports

GFL ENVIRONMENTAL INC. HOSTS 2025 INVESTOR DAY

GFL Environmental Inc. is hosting an investor day today in New York. The event is scheduled to begin at 9 a.m. ET and will showcase members of senior management who will discuss the company's growth strategies, capital allocation plan, sustainability initiatives and financial objectives, followed by a question-and-answer session.

At today's meeting, GFL will present its 2028 financial framework, which includes:

• Annual organic revenue growth of approximately 5 per cent to 6 per cent;
• 40 basis points of annual organic adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin expansion;
• Revenue contribution of $285-million to $440-million from EPR (extended producer responsibility), RNG (renewable natural gas) and self-help levers for the 2026-to-2028 period;
• Adjusted EBITDA contribution of $270-million to $380-million from EPR, RNG and self-help levers for the 2026-to-2028 period;
• Adjusted EBITDA margins of low-to-mid-30s;
• Adjusted free cash flow conversion of mid-40s;
• Deployment of approximately $700-million to $900-million annually on acquisitions, financed from adjusted free cash flow and available liquidity;
• Committed to maintaining net leverage in the low threes.

Based on the framework disclosed herein, GFL expects 2028 revenue could be between $9,240-million and $9,490-million, and 2028 adjusted EBITDA could be between $3,045-million and $3,120-million.

About GFL Environmental Inc.

GFL, headquartered in Vaughan, Ont., is the fourth-largest diversified environmental services company in North America, providing a comprehensive line of solid-waste management, liquid-waste management and soil remediation services through its platform of facilities throughout Canada and in more than half of the U.S. states. Across its organization, GFL has a work force of more than 20,000 employees.

We seek Safe Harbor.