INVESTOR RELATIONS PRESENTATION – WINTER 2013

This presentation contains forward-looking statements which are based on current views and

assumptions and are subject to uncertainties which are difficult to predict. These forward-looking

statements include future operating and financial results, business prospects and strategy,

realization of anticipated benefits of growth capital investments, acquisitions and technical

development initiatives, industry conditions, the amount of dividends declared or payable in the

future and future capital needs. Please refer to Newalta’s continuous disclosure documents for

reference to certain risks, uncertainties and assumptions which may cause actual results and

performance to differ materially from future results and performance that may be expressed or

implied by these forward-looking statements.

This presentation also contains references to certain financial measures that do not have any

standardized meaning prescribed by International Financial Reporting Standards and may not be

comparable to similar measures presented by other corporations or entities. These financial

measures are identified and defined in Newalta’s continuous disclosure documents.

FORWARD LOOKING STATEMENTS

UNIQUE BUSINESS MODEL

� Engineered environmental solutions

� Partnering with customers

� Focus on recovery and recycling

INDUSTRY LEADER

� Average 25% growth per year

� Historical return on capital of 18%

� Grew to > 2000 people, 85 locations,

> 250 operating permits

� Diverse customer base

� Increased dividend

GROWTH RECORD

LEADING A NEW ERA OF SUSTAINABILITY

� Pioneered use of centrifuges

� Developed Onsite business model

� Established Technical Development

team

INNOVATION

� Expect average annual growth of 20%*

� Excellent organic growth opportunities:

• Add and expand facilities

• Grow onsite contracts

• Develop U.S. business

• Commercialize new processes

* Adjusted EBITDA

GROWTH OPPORTUNITIES

THREE GROWTH ENGINES

� Recovery at source

� Cost and environmental benefits

� Expanding to oilsands mining sites to treat MFT

NEW MARKETS – HEAVY OIL

� Apply proven processes and

business model

� Build satellites

NEW MARKETS - U.S.

� Expand the network to serve

key markets

� Generate stable cash flow through

long-term onsite contracts

NEW MARKETS GROWTH

� Network of 30 facilities

� Leverage decades of experience

� Unconventional drilling

techniques provide significant

opportunities

OILFIELD

OILFIELD GROWTH

� Add satellite facilities to match

market demand

� Expand onsite services

Ville Ste-Catherine

� Recover lead from batteries

� Produce 70,000 tonnes of refined

lead products

INDUSTRIAL – EAST

North Vancouver

� Produce 23 million litres of recycled

lubricating oils

� Stable end markets, scalable facility

INDUSTRIAL – WEST

� Productivity improvements

� Capacity expansions

� Grow onsite services

INDUSTRIAL GROWTH

� Increase long-term onsite contracts

� Expand capacity and add facilities

� Balanced growth; low risk with high return

GROWTH

* Excluding commodity impact, Adjusted EBITDA would have been $155.5 million in 2012

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2012 FINANCIAL PERFORMANCE

($ millions) 2012 2011 % VARIANCE

Revenue 726.2 682.8 6

Adjusted EBITDA* 142.1 146.5 (3)

Growth Capital 137.4 86.6 59

� Results impacted by commodity prices, reduced drilling

activity in western Canada

� Increased onsite contracts to 9% of revenue, up from

3% in 2011

� Grew U.S. revenue by 25%

� Increased dividend 25%

� Returns from 2012 capital, strengthening markets will

drive improved performance in 2013

2012 HIGHLIGHTS

� Experienced management

� Track record of growth

� Focus on innovation

� Strong organic growth

� Stable cash flow from onsite contracts

� Attractive shareholder returns

INVESTMENT HIGHLIGHTS

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TSX:NAL

As at February 19, 2013

Market capitalization $819 million

Share Price $15.05

Shares outstanding 54.4 million

52-week high-low $11.98 - $16.39

Dividend (Annualized) $0.40/share

Yield 2.7%

Book value per share $11.82