{
  "docId": "019de510-fb16-73c8-862b-15da2ea1831d",
  "docSlug": "80744090c4d5a7f1718f7a181f67552b",
  "documentTitle": "Yellow Corporation | Results Presentation Deck | 21 slides",
  "authorId": "yellow-corporation",
  "authorName": "Yellow Corporation",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2021-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 7,
  "pageCount": 21,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "other",
  "function": "frame_situation",
  "density": "overcrowded",
  "nDataPoints": 7,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de510-fb16-73c8-862b-15da2ea1831d/7",
  "deckHref": "/decks/019de510-fb16-73c8-862b-15da2ea1831d",
  "deckJsonHref": "/decks/019de510-fb16-73c8-862b-15da2ea1831d.json",
  "deckAnchorHref": "/decks/019de510-fb16-73c8-862b-15da2ea1831d#slide-7",
  "components": [
    {
      "bbox": {
        "h": 0.39,
        "w": 0.42,
        "x": 0.529,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Cash Contributions to Multi-Employer Pension Plans (in millions)\n$113\n2018A\n$129\n2019A\n$115\n2020A\n$134\n2021E",
      "attrs": {
        "unit": "millions",
        "title": "Cash Contributions to Multi-Employer Pension Plans",
        "x_axis_labels": [
          "2018A",
          "2019A",
          "2020A",
          "2021E"
        ],
        "y_axis_labels": [
          "$113",
          "$129",
          "$115",
          "$134"
        ]
      },
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "faf57bf2-a782-458e-a8a3-316825f0fc0f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.41,
        "x": 0.06,
        "y": 0.232
      },
      "kind": "list",
      "text": "2021 total annual cash contributions approximately $134 million",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0b9ce457-4f8d-4c0a-b6b5-0f8c516755a0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.069,
        "w": 0.41,
        "x": 0.06,
        "y": 0.31
      },
      "kind": "list",
      "text": "Contributions made to 29 multi-employer pension plans with various levels of underfunding.\nMultiemployer Pension plans are separate from Yellow and managed by independent trustees",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "41e9a058-9346-4182-bd5c-61cbbc90f055",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.089,
        "w": 0.43,
        "x": 0.047,
        "y": 0.578
      },
      "kind": "list",
      "text": "The American Rescue Plan signed into law in March 2021 will provide severely underfunded eligible multi-employer pension plans funding to cover retiree benefits until 2051 substantially mitigating the plans' unfunded liabilities",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "80e58c35-4839-4b19-aed9-f86924e07b71",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.41,
        "x": 0.06,
        "y": 0.155
      },
      "kind": "list",
      "text": "Approximately 79% of employees are represented by the IBT and covered by collective bargaining agreements",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a756abfe-a99c-45e4-a88d-0abe45a2429f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.43,
        "x": 0.047,
        "y": 0.709
      },
      "kind": "list",
      "text": "Yellow Corporation has, and expects to continue, making its required contractual contributions to the multi-employer pension plans as agreed to in the collective bargaining agreements",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f6ab9e9e-f36d-4795-8ca1-ba27e2f05241",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.089,
        "w": 0.43,
        "x": 0.047,
        "y": 0.447
      },
      "kind": "list",
      "text": "As of December 31, 2020 if the Company were to withdraw from or there was a termination of all of the multi-employer pension plans, the Company's portion of the contingent liability would be an estimated $8 billion",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ffd571d8-bd76-4530-9c8e-35acf674f59e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.014,
        "w": 0.345,
        "x": 0.047,
        "y": 0.85
      },
      "kind": "source-note",
      "text": "Refer to the Company's Form 10-K for further disclosures",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ccbc6732-92ae-497c-a118-aaee98424368",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.521,
        "x": 0.239,
        "y": 0.056
      },
      "kind": "title",
      "text": "Multi-Employer Pension Plans (Union)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e3a62f7c-305f-43aa-a5c4-61fe353a8aa6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 7,
      "from": 5,
      "beatId": "512bd570-e6ab-4335-80ab-3a35a09eb116",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Need",
      "beatSlug": "monroes-sequence-need",
      "evidence": "The deck highlights the need for transformation, showcasing geographic expansion and pension plans.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 9,
      "from": 5,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "fcb3970c-6bd2-407f-9fd3-ad0bd8f8290a",
      "evidence": "The deck implies the cost of inaction through highlighting the benefits of optimization.",
      "position": 0,
      "objective": "What are the consequences of not optimizing the network?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    },
    {
      "to": 14,
      "from": 3,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "8b78b81d-324b-414c-8871-206f86622442",
      "evidence": "The deck uses the golden circle to explain the why, what, and how of their transformation.",
      "position": 1,
      "objective": "Why is Yellow Corporation's transformation important?",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.6,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}