1. © 2014 Covanta Energy Company 1 Sustainable Solutions| Solutions Group reduce | reuse | recycle | recover 24th Annual ARC Recycling Conference & Trade Show September, 2014 | Eureka Springs, AR Jennifer Minney| Dave Barton covanta.com

2. © 2014 Covanta Energy Company 2 Sustainable Solutions| Solutions Group Every year, Americans consume approximately $190 billion dollars of goods.

3. © 2014 Covanta Energy Company 3 Sustainable Solutions| Solutions Group We generate nearly 230 million tons of consumer discards.

4. © 2014 Covanta Energy Company 4 Sustainable Solutions| Solutions Group We generate nearly 50 million tons of industrial and manufacturing discards.

5. © 2014 Covanta Energy Company 5 Sustainable Solutions| Solutions Group We generate nearly 15 million tons of off specification and expired products.

6. © 2014 Covanta Energy Company 6 Sustainable Solutions| Solutions Group The entire population of the US only weighs about 74 million tons.

7. © 2014 Covanta Energy Company 7 Sustainable Solutions| Solutions Group THERE ARE ONLY TWO TECHNOLOGIES WITH ENOUGH SCALE TO DEAL WITH THE PROBLEM LandfillEfW

8. © 2014 Covanta Energy Company 8 Sustainable Solutions| Solutions Group LET’S TALK ABOUT ENERGY-FROM-WASTE (EfW)

9. © 2014 Covanta Energy Company 9 Sustainable Solutions| Solutions Group THIS IS WHAT A MODERN EfW FACILITY LOOKS LIKE

10. © 2014 Covanta Energy Company 10 Sustainable Solutions| Solutions Group Why is EfW Superior to Landfill?

11. © 2014 Covanta Energy Company 11 Sustainable Solutions| Solutions Group AIR EMISSIONS Highly regulated advanced air pollution control. Regulated by EPA Title III Maximum Achievable Control Technology Standards (MACT). Minimally regulated minimal air pollution control. Over 170 air pollutants and 46 air toxins, including 4 known carcinogens. LandfillEfW

12. © 2014 Covanta Energy Company 12 Sustainable Solutions| Solutions Group CLIMATE CHANGE 1 ton of greenhouse gas avoided Every ton of MSW managed at an EfW facility offsets approximately 1 ton of greenhouse gas emissions. Leading source of greenhouse gas emissions Landfills are a leading source of Methane, a powerful greenhouse gas 72x stronger than CO2. LandfillEfW GhG

13. © 2014 Covanta Energy Company 13 Sustainable Solutions| Solutions Group NEARLY 10x THE ENERGY CONVERSION LandfillEfW 550 KWh per ton Enough energy to power the average home for 2 weeks. 65 KWh per ton Enough to power the average home for 2 days.

14. © 2014 Covanta Energy Company 14 Sustainable Solutions| Solutions Group METAL RECOVERY LandfillEfW 50lbs. per ton For each ton of MSW processed Covanta EfW facilities recover 50lbs. of metal. 0lbs.per ton Landfills bury valuable metal with the MSW and no recovery is made.

15. © 2014 Covanta Energy Company 15 Sustainable Solutions| Solutions Group Landfill LONG-TERM ENVIRONMENTAL LIABILITY EfW One hour to process It takes about an hour to process material and recover energy to the grid. 100+ years to process MSW degrades in landfills for 100 years or more with uncontrolled emissions presenting long-term environmental liability.

16. © 2014 Covanta Energy Company 16 Sustainable Solutions| Solutions Group A little bit about Covanta…

17. © 2014 Covanta Energy Company 17 Sustainable Solutions| Solutions Group SUSTAINABILITY High Points  2007 Introduced “Clean World Initiative”  2010 Issued 1st Sustainability Report: Finalist for the Ceres ACCA North American sustainability reporting award  2011 Announced Community Outreach and Environmental Justice Policy  2012 Named among the top 11 U.S. companies in the Maplecroft Climate Innovation Indexes (CIIs)  2012 Covanta issues 2nd Sustainability Report and sets a range of sustainability goals  2012 Environmental Step Up (e-Step Up) Announced

18. © 2014 Covanta Energy Company 18 Sustainable Solutions| Solutions Group Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelCLICK TO EDIT MASTER TEXT STYLE LARGEST NETWORK OF EfW FACILITIES IN NORTH AMERICA We own or operate forty two EfW plants in North America.

19. © 2014 Covanta Energy Company 19 Sustainable Solutions| Solutions Group Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelCLICK TO EDIT MASTER TEXT STYLE Our facilities achieve a nominal compliance rate of over 99.9 percent, with emissions well below established legal limits. Covanta EfW facility average emissions as a percentage of federal standards for 2010 and 2011. ENVIRONMENTAL EXCELLENCE

20. © 2014 Covanta Energy Company 20 Sustainable Solutions| Solutions Group Covanta’s Value Propositions

21. © 2014 Covanta Energy Company 21 Sustainable Solutions| Solutions Group Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelClick to edit Master text style Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelCLICK TO EDIT MASTER TEXT STYLE Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelCLICK TO EDIT MASTER TEXT STYLE Single item or 100 truckloads – Production and process waste – Counterfeit goods – Off-spec and expired products – Currency – Pharmaceuticals – Illegal drugs and contraband – Liquid waste – International waste Certificate of destruction Secured and witnessed destruction ASSURED DESTRUCTION We help companies permanently destroy non- hazardous materials that pose business risks or threats to public safety and health.

22. © 2014 Covanta Energy Company 22 Sustainable Solutions| Solutions Group Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelClick to edit Master text style Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelCLICK TO EDIT MASTER TEXT STYLE Click to edit the outline text format Second Outline Level  Third Outline Level Fourth Outline Level  Fifth Outline Level  Sixth Outline Level  Seventh Outline Level  Eighth Outline Level Ninth Outline LevelCLICK TO EDIT MASTER TEXT STYLE ZERO WASTE TO LANDFILL No compromise zero landfill solution National footprint Wide variety of materials Transportation services Instant environmental footprint reduction over landfill We provide the most accessible option for companies pursuing zero waste to landfill goals. ZERO

23. © 2014 Covanta Energy Company 23 Sustainable Solutions| Solutions Group We’re helping Keurig with a sustainable end- of-life solution for their consumer’s K-Cups.

24. © 2014 Covanta Energy Company 24 Sustainable Solutions| Solutions Group We’ve helped the Fortune 500 recall and safely dispose of over 40 million tons of products.

25. © 2014 Covanta Energy Company 25 Sustainable Solutions| Solutions Group We’re helping American Airlines on their journey to zero waste to landfill.

26. © 2014 Covanta Energy Company 26 Sustainable Solutions| Solutions Group We’re helping 10 of 14 automotive manufactures reach their zero waste to landfill goals.

27. © 2014 Covanta Energy Company 27 Sustainable Solutions| Solutions Group We’re helping the State of Connecticut put a dent in organic waste.

28. © 2014 Covanta Energy Company 28 Sustainable Solutions| Solutions Group We’re different than traditional disposal options We’re a great partner for forward thinking companies looking for non- traditional disposal options. A wide variety of waste streams accepted RCRA Loop avoidance (Non-hazardous waste only) Highly advanced pollution control systems OSHA VPP Producing a renewable energy product Demonstrated security protocols

29. © 2014 Covanta Energy Company 29 Sustainable Solutions| Solutions Group We deliver peace of mind Our customers go home at night with peace-of-mind knowing that their materials are handled responsibly and sustainably. We help businesses… Eliminate long-term liability Improve sustainability Improve corporate image Reduce risk

30. © 2014 Covanta Energy Company 30 Sustainable Solutions| Solutions Group Consider it gone. WWW.COVANTA.COM ZERO LANDFILL | ASSURED DESTRUCTION | ENVIRONMENTAL LIABILITY REDUCTION