1. CIBC EASTERN INSTITUTIONAL INVESTOR CONFERENCE
SEPTEMBER 19, 2013

2. 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

3. UNIQUE BUSINESS MODEL
 Engineered environmental solutions
 Partnering with customers
 Focus on recovery and recycling
INDUSTRY LEADER

4.  Average 25% growth per year
 Grew to >2000 people, 85 locations,
>250 operating permits
 Increased dividend
 Committed to innovation
 Developed onsite business model
INVESTMENT HIGHLIGHTS

5.  Expect average annual growth of ~15%
 Excellent organic growth opportunities:
• Grow onsite contracts
• Develop U.S. business
• Add and expand facilities
• Commercialize new processes
GROWTH OPPORTUNITIES

6. THREE GROWTH ENGINES

7.  Leading our growth
 North American energy market is a key opportunity
 First-mover position
NEW MARKETS

8.  Onsite contract model, recovery
at source
 Cost and environmental benefits
 Market leader in SAGD
slop-oil processing
 Well positioned for growth
NEW MARKETS – HEAVY OIL

9.  Expanded to oil sands mining sites
to treat mature fine tailings
 Secured long-term contracts with
Shell and Syncrude
NEW MARKETS – HEAVY OIL

10. NEW MARKETS - U.S.
 Apply proven processes and
business model
 Grow onsite contracts
 Build satellites and facilities

11.  Delivers strongest returns
 Growing stable cash flow through long-term onsite contracts
 First-mover position will drive growth of >20% per year
NEW MARKETS GROWTH
($ million) 2010 2011 2012
Revenue 99 139 189
Divisional EBITDA 38 54 80
EBITDA growth 42% 48%
EBITDA/Assets 48% 43% 42%
Growth capital invested 14 27 67

12.  Network of 30 facilities with excellent market coverage
 Strong customer relationships
 Expand onsite services and add satellite facilities to match demand
 Grow revenue 15% per year
OILFIELD

13.  Deliver broad range of services to
industrial customers
 Network of integrated facilities
across Canada
 Modest growth through 2016
• Maximize returns
• Expand onsite services
• Capacity expansions
INDUSTRIAL

14.  Grow onsite contracts
 Grow U.S. business
 Add mobile satellite and
fixed facilities
 Commercialize new processes
GROWTH SUMMARY

15.  Revenue up 15%, Adjusted EBITDA up 27%
 Contributions from growth investments drove improvements
 Adjusted EBITDA in second half is expected to be at least 20%
higher than last year
Q2 FINANCIAL PERFORMANCE

16.  Balanced growth with low risk
and high return
 Total Debt to Adjusted EBITDA
target of 2.0
 Trading at ~1.2X BV/share
 Total shareholder return of 20%
per year since 2010
INVESTMENT HIGHLIGHTS

17. TSX:NAL
As at Sept 11, 2013
Market capitalization $849 million
Share Price $15.41
Shares outstanding 55.1 million
52-week high-low $12.41 - $16.39
Dividend (Annualized) $0.44/share
Yield 2.9%
Book value per share $12.12

18. INVESTOR RELATIONS PRESENTATION – SUMMER 2013