Investor Presentation May/June 2019 1
Safe Harbor During the course of this presentation the Company will be making forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) that are based on our current expectations, beliefs and assumptions about the industry and markets in which US Ecology, Inc. and its subsidiaries operate. Forward-looking statements are only predictions and are not guarantees of performance. These statements are based on management’s beliefs and assumptions, which in turn are based on currently available information. Important assumptions include, among others, those regarding demand for Company services, expansion of service offerings geographically or through new or expanded service lines, the timing and cost of planned capital expenditures, competitive conditions and general economic conditions. These assumptions could prove inaccurate. Forward-looking statements also involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond our ability to control or predict. Such factors include an accident at one of our facilities, incidents resulting from the handling of dangerous substances, the loss or failure to renew significant contracts, competition in our markets, adverse economic conditions, our compliance with applicable laws and regulations, the realization of anticipated benefits from acquired operations, our ability to perform under required contracts, limitations on our available cash flow as a result of our indebtedness, liabilities arising from our participation in multi-employer pension plans, cyber security threats, unanticipated changes in tax rules and regulations, loss of key personnel, a deterioration in our labor relations or labor disputes, our ability to pay dividends or repurchase stock, anti-takeover regulations, stock market volatility, our access to insurance, surety bonds and other financial assurances, our litigation risk not covered by insurance, the replacement of non- recurring event projects, our ability to permit and contract for timely construction of new or expanded disposal space, renewals of our operating permits or lease agreements with regulatory bodies, our ability or the timing of reconstructing and receiving regulatory approvals for the reopening of the Grand View, Idaho treatment facility, the timing or amount of insurance recoveries associated with the reconstruction and business interruption losses for the Grand View, Idaho treatment facility, our access to cost-effective transportation services, lawsuits, our implementation of new technologies, fluctuations in foreign currency markets and foreign affairs. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission (the “SEC”), we are under no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on our forward-looking statements. Although we believe that the expectations reflected in forward-looking statements are reasonable, we cannot guarantee future results or performance. Before you invest in our common stock, you should be aware that the occurrence of the events described in the “Risk Factors” section in this report could harm our business, prospects, operating results, and financial condition. 2
US Ecology Overview Vision: To be the premier provider of comprehensive environmental services. (1) Strong $25 Billion Considerable Operational Positioned for Environmental Barriers to and Financial Growth Services Industry Entry Metrics • Drivers: Regulation, • Highly Regulated • Diverse, Blue Chip • Fully Integrated Industrial Economy, Industry Customer Base North American Government/ across a Broad Environmental • Strategic Landfill Superfund Range of Industries Services Provider Assets and • Pipeline of Organic Permitted Facilities • High Proportion of • $11 Billion Hazardous Growth Initiatives Recurring Revenue Waste Market • Broad Geographic • Pursue Selective Limits Cyclicality Reach • $1 Billion High Quality • Meaningful Radioactive • Industry Expertise Strategic Operating Leverage Waste and Execution Acquisitions Track Record • Strong Balance • $14 Billion Field and Sheet Industrial Services • Commitment to Health, Safety and the Environment ( 1) Source: Environmental Business Journal, Volume XXIX October 2016 3
History and Growth US Ecology has six decades of experience, adding new sites and expanding its unique and comprehensive mix of environmental services First hazardous Changed name to Acquired waste services US Ecology, Inc. facilities: facility opened Grand View, ID Tilbury, ON Opened (Sheffield, IL) facility acquired Vernon, CA Beatty, NV Dynecol Founded as hazardous Thermal American Acquired Divested Nuclear waste disposal recycling Ecology Corp. Allstate Engineering cells services IPO PowerVac Company opened 2016 1952 1962 1965 1968 1970 1973 2010 2012 2014 2015 2018 1975 1976 1984 2001 2005 2007 2008 Stablex facility Opened America’s first Upgraded acquired Robstown, TX licensed LLRW infrastructure at Texas, Ecoserve hazardous disposal facility Nevada and Idaho; The Resource Industrial waste disposal (Beatty, NV) EQ Acquired; America’s Added rail fleet Conservation & Disposal LLC cells US Ecology is nationwide; second LLRW Recovery Act Acquired Field & Industrial Services disposal facility (RCRA) and added ES&H Dallas (Richland, WA) Toxic and Midland opened Substances Acquired; Control Act Emergency & (TSCA) was Spill Response passed Services added 4 4
Broad Scope of Environmental Services Waste Generation Services Transfer, Storage & Treatment Disposa l Treatment, Storage & Disposal Facilities Direct Sourcing Retail Hazardous Remediation & Hazardous (“TSDFs”) Incineration Waste Logistics Construction Landfill Wastewater Treatment Truck & Rail Industrial Cleaning Emergency Solvent Fuel Blending & Maintenance Response Facilities Services Recycling Mobile Household In-Plant Total Waste Non-Haz Oil Recycling Hazardous Waste Management Landfill Recycling Collection Operation Cement Kiln Terminal Services LTL Logistics Waste - to - Petroleum Services Lab-Pack Energy Airport Infrastructure Environmental Support Services Intermediaries Sourcing from Other Environmental TSDFs / Brokers Services Companies (1) Source: Environmental Business Journal, Volume XXIX October 2016 5
Hazardous Waste is Generated by Diverse End Markets Industry % 2018 T&D Example Waste Streams Vertical/Source Revenues Acids, Caustics, Heavy Metals, Emission Control Manufacturing (Chemical, Dust, Plant Process Waters and Sludges 45% General and Metal) Unused Household Chemicals, Off-Spec Retail Other Industries 13% Products, Laboratory Chemicals Refinery Tank Bottoms and Catalysts Refining 11% PCBs. Hazardous and Radioactive Wastes from Government 7% DOD, Superfund, EPA and other agencies PCB Transformers, Power Plant Decommissioning 3% Utilities Wastes 2% Mining, E&P Exploration Drilling Waste, Mercury, Crucible Waste, NORM Broker/TSDF 13% Containerized Waste from Various Industries Contaminated Soils from Clean-Up Projects and Remediation and 6% On-going Waste from Pipeline and Terminal Transportation Operations 6
US Ecology Focuses on the Most Complex Waste Streams Waste Stream Pricing Continuum High LLRW High Level Radium Refinery Sludges / Catalysts Hazardous Containerized Fission Products / SNM Price per Ton Hazardous Debris TENORM NORM Heavy Metals PCB / Hazardous Solids Non Haz / State Regulated MSW Volume Low High Low 7 7
Transformation into a Leading Provider of Comprehensive Environmental Services Canada A Decade of Progress Acquire Valuable Assets to Create a National TSDF Footprint (4) (2) e VOQUA Vernon United States ENVIRONMETALSERVICES INC Dynecol ES & H ES H of Dallas as Expand Permits and Services to Broaden Capabilities Mexico Invest in Infrastructure to Diversify (2) Business Model and Increase Flexibility Headquarters Disposal Sites (5 Haz, 1 Radioactive (Class A, B, C) Treatment & Recycling (23) Support Customer Needs and Service Centers (15) Execute on Growth Initiatives Retail Satellites (13) 8
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