Investor Presentation May 2015 1
Safe Harbor During the c o urse o f this pre se ntatio n the Co mpany will be making fo rward-lo o king state me nts (as suc h te rm is de fine d in the Private S e c uritie s L itig atio n Re fo rm Ac t o f 1995) that are base d o n o ur c urre nt e xpe c tatio ns, be lie fs and assumptio ns abo ut the industry and marke ts in whic h USE c o lo gy, I nc . and its subsidiarie s o pe rate . S uc h state me nts may inc lude , but are no t limite d to , state me nts abo ut the Co mpany's ability to inte g rate its ac quisitio n o f E Q—T he E nviro nme ntal Quality Co mpany (E Q), e xpe c te d syne rg ie s fro m the transac tio n, pro je c tio ns o f the financ ial re sults o f the c o mbine d c o mpany and o the r state me nts that are no t histo ric al fac ts. S uc h state me nts invo lve kno wn and unkno wn risks, unc e rtaintie s and o the r fac to rs that c o uld c ause the ac tual re sults o f the Co mpany to diffe r mate rially fro m the re sults e xpre sse d o r implie d by suc h state me nts, inc luding g e ne ral e c o no mic and busine ss c o nditio ns, c o nditio ns affe c ting the industrie s se rve d by USE c o lo gy, E Q and the ir re spe c tive subsidiarie s, c o nditio ns affe c ting o ur c usto me rs and supplie rs, c o mpe tito r re spo nse s to o ur pro duc ts and se rvic e s, the o ve rall marke t ac c e ptanc e o f suc h pro duc ts and se rvic e s, the inte g ratio n and pe rfo rmanc e o f ac quisitio ns (inc luding the ac quisitio n o f E Q) and o the r fac to rs disc lo se d in the Co mpany's pe rio dic re po rts file d with the S e c uritie s and E xc hang e Co mmissio n. F o r info rmatio n o n o the r fac to rs that c o uld c ause ac tual re sults to diffe r mate rially fro m e xpe c tatio ns, ple ase re fe r to US E c o lo g y, I nc .'s De c e mbe r 31, 2014 Annual Re po rt o n F o rm 10-K and o the r re po rts file d with the S e c uritie s and E xc hang e Co mmissio n. Many o f the fac to rs that will de te rmine the Co mpany's future re sults are be yo nd the ability o f manag e me nt to c o ntro l o r pre dic t. Re ade rs sho uld no t plac e undue re lianc e o n fo rward-lo o king state me nts, whic h re fle c t manag e me nt's vie ws o nly as o f the date suc h state me nts are made . T he Co mpany unde rtake s no o blig atio n to re vise o r update any fo rward-lo o king state me nts, o r to make any o the r fo rward-lo o king state me nts, whe the r as a re sult o f ne w info rmatio n, future e ve nts o ro the rwise . I mpo rtant assumptio ns and o the r impo rtant fac to rs that c o uld c ause ac tual re sults to diffe r mate rially fro m tho se se t fo rth in the fo rward-lo o king info rmatio n inc lude a lo ss o f a majo r c usto me r o r c o ntrac t, c o mplianc e with and c hang e s to applic able laws, rule s, o r re g ulatio ns, ac c e ss to c o st e ffe c tive transpo rtatio n se rvic e s, ac c e ss to insuranc e , sure ty bo nds and o the r financ ial assuranc e s, lo ss o f ke y pe rso nne l, lawsuits, labo r dispute s, adve rse e c o no mic c o nditio ns, g o ve rnme nt funding o r c o mpe titive pre ssure s, inc ide nts o r adve rse we athe r c o nditio ns that c o uld limit o r suspe nd spe c ific o pe ratio ns, imple me ntatio n o f ne w te c hno lo g ie s, marke t c o nditio ns, ave rag e se lling pric e s fo r re c yc le d mate rials, o ur ability to re plac e busine ss fro m re c e ntly c o mple te d larg e pro je c ts, o ur ability to pe rfo rm unde r re quire d c o ntrac ts, o ur ability to pe rmit and c o ntrac t fo r time ly c o nstruc tio n o f ne w o r e xpande d dispo sal c e lls, o ur willing ne ss o r ab ility to pay divide nds and o ur ab ility to e ffe c tive ly c lo se , inte g rate and re alize antic ipate d syne rg ie s fro m future ac quisitio ns, whic h c an be impac te d by the failure o f the ac quire d c o mpany to ac hie ve antic ipate d re ve nue s, e arning s o r c ash flo ws, assumptio n o f liabilitie s that e xc e e d o ur e stimate s, po te ntial c o mplianc e issue s, dive rsio n o f manag e me nt's atte ntio n o r o the r re so urc e s fro m o ur e xisting busine ss, risks asso c iate d with e nte ring pro duc t / se rvic e are as in whic h we have limite d e xpe rie nc e , inc re ase s in wo rking c apital inve stme nt, une xpe c te d c apital e xpe nditure s, po te ntial lo sse s o f ke y e mplo ye e s and c usto me rs o f the ac quire d c o mpany and future write -o ffs o f intang ible and o the r asse ts, inc luding g o o dwill, if the ac q uire d o pe ratio ns fail to g e ne rate suffic ie nt c ash flo ws. 2
US Ecology Overview Vision: To be the premier North American provider of environmental services where the highest caliber people work delivering sustainable solutions for our customers and long term value for stockholders and the communities in which we live and operate � Fully integrated North American Environmental Québec Services provider � Unique and Irreplaceable Assets with Robust Waste (4) Permits (3) � Diverse, Blue Chip Customer Base Across a Broad Range of Industries with over 7,000 Customers � 60 + year Commitment to Mexico Health, Safety and the (2) Environment Headquarters � Strong Financial Landfills Performance Treatment & Recycling Services 3
$24 Billion Industry � $10 billion market � $14 billion market Field Hazardous � Provides treatment, disposal & recycling services � Consists of cleanup of operating facilities & Industrial Waste Services � Radioactive waste constitutes $1 billion � Government agencies a major customer Waste Generation Services Transfer, Storage & Treatment Disposal Treatment, Storage & Disposal Facilities Direct Sourcing Remediation & Hazardous Retail LTL (“TSDFs”) Incineration Construction Landfill Wastewater Treatment Truck & Rail Industrial Cleaning Sewer Inspection & Solvent Fuel Blending & Maintenance Maintenance Facilities Services Recycling Mobile In-Plant Total Waste Emergency Non-Haz Oil Recycling Management Response Landfill Recycling Operation Household Cement Kiln Terminal Services Hazardous Waste Collection Waste - to - Petroleum Services Lab-Pack Energy Airport Infrastructure Environmental Support Services Intermediaries Sourcing from Other Environmental TSDFs / Brokers Services Companies Strong Growth Drivers Considerable Barriers to Entry � Regulation Government regulation � � Industrial Track Record of execution � � Commercial Capex requirements � � Government Talented professionals � 4
Hazardous Waste is Generated by Diverse End Markets Industr y E xample Waste Str e ams Ae r ospac e / De fe nse Paint Sludge / R adium Industr ial Manufac tur ing Ac ids & Caustic s, He avy Me tals Ste e l & Aluminum E mission Contr ol, Dust, Spe nt Pot L ine r s Pr e c ious Me tals Me r c ur y, Cr uc ible Waste , Unuse d Che mic als Spe nt Catalysts, R e fine r y T ank Bottoms, Dr ill Oil E xplor ation & Pr oduc tion Cuttings Utilitie s PCBs, De c ommissione d T r ansfor me r Waste Unuse d House hold Che mic als, Sludge fr om Consume r Pr oduc ts Batte r y Pr oduc tion, He avy Me tals fr om Pigme nts T e c hnology E tc hing Solutions for Se mic onduc tor s Gove r nme nt PCBs, R adioac tive 5
US Ecology Focuses on the Most Complex Waste Streams Waste Str e am Pr ic ing Continuum High L L R W High L e ve l R adium R e fine r y Sludge s / Catalysts Hazar dous Containe r ize d F ission Pr oduc ts / on SNM T Hazar dous De br is ic e pe r T E NOR M NOR M Pr He avy Me tals PCB / Hazar dous Solids Non Haz / State R e gulate d MSW High Low Low Volume 6 6
Our Transformation… Cr e ating the Pr e mie r Nor th Ame r ic an Pr ovide r of E nvir onme ntal Se r vic e s “T he n” – 2008 Our Str ate gy T oday – 2015 National T SDF F ootpr int L imite d Ge ogr aphic Ac quir e � Valuable Asse ts F ootpr int Dyne c ol Nar r ow Se r vic e Offe r ing E xpande d Se r vic e Pe r mit / Se r vic e � (Haz/ R ad Waste Disposal) E xpansion Capabilitie s E ve nt-Ce ntr ic , F le xible & Dive r sifie d Inve st in � Custome r -Conc e ntr ate d Infr astr uc tur e Busine ss Mode l Mode l L imite d Gr owth Ability to Suppor t � Pr ospe c ts Give n Idaho E xe c ute Custome r Ne e ds has F oc us Dr ive n Gr owth 7
…Into a North American Leader Québec (4) (3) ■ 5 Haz/Non-Haz Landfills ■ 1 Radioactive Waste Mexico Landfill (Class A, B, C) (2) ■ 21 Treatment & Recycling Facilities 1 Headquarters ■ Rail-accessible Facilities & Infrastructure Landfills Treatment & Recycling ■ 26 Field & Industrial Services Centers Services 1 Five treatment facilities and one recycling facility co-located with disposal sites 8
A Full Service Platform US E c ology Busine ss Mix E nvir onme ntal ≈ 40% � Custome r -Ce ntr ic Appr oac h Se r vic e s ≈ 60% � National T SDF F ootpr int F ie ld & Industr ial Se r vic e s � Br oad Se t of E nvir onme ntal Se r vic e Solutions � E mphasis on Solving Custome r Ne e ds Beneficial Re-use Thermal Recycling Packaging Emergency Technical Remedial Field / On- Brokering Transportation Response Services Construction Site Services & Collection Treatment & Disposal F ie ld & Industr ial Se r vic e s Services not offered by USE Incineration E nvir onme ntal Se r vic e s 9
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