Merger With Power Fuels Creates a Leading Environmental Services Company Focused on Energy & Industrial End-Markets September 4, 2012
Transaction Overview Merger of Heckmann Corporation (Heckmann or HEK) and Badlands Energy, LLC (Power Fuels) Power Fuels is the largest environmental services company in the Bakken Shale area in North Dakota, a Transaction leading…
Power Fuels Snapshot 2011 EBITDA of 114.8 MM Significant North Dakota Oil Production Growth(2) LTM 6/30/2012 EBITDA of 154.7 MM 700,000 250 Daily Oil Production (Bbls/day) 600,000 200 Average Rig Count North Dakota-based…
Highly Experienced Management Team to Execute Integration & Growth Strategy Dick Heckmann Mark Johnsrud Jay Parkinson James Devlin Chuck Gordon Executive Chairman of the Chief Executive Officer, Vice Executive Vice President &…
Heckmann Corporation and Power Fuels Are Merging to Form the Countrys Preeminent Environmental Services Company Dedicated to the Responsible Movement, Recycling and Disposal of Restricted Fluids Our customers are more focused than ever…
Fluid Management is an Essential Part of Shale Operations with a Highly Recurring Revenue Stream Going forward, Chuck Gordon will be Division President of the Fluid Management Division We will have leading positions in key shale…
Leveraging the TFI Acquisition to Further Expand Our Environmental Platform and Service Offering Going forward, the TFI business will become the Recycling Division, and be run by James Devlin as Division President The TFI team has a…
Our Customers Across the U.S. Rely on Us on a Daily Basis to Responsibly Manage the Transportation, Handling, Disposal, and Recycling of Their Most Restricted Fluids Transport Treat / Recycle Dispose 9
Combined Company Will Be a Leading National Environmental Delivery, Distribution, & Treatment System Providing On-Site, Value-Added Customer Solutions One of the countrys leading Bakken providers of full- cycle service to restricted…
Strategically & Financially Compelling Transaction Immediate Leading Market Position in the Bakken Shale Basin, a Premier Unconventional Oil Shale and a Very High Barrier to Entry Market Expands Oil Leverage Greater than 70% of Pro…
Power Fuels Historical Summary Financial Data(1) (Millions) 2011 2012 1H 2H FY 1H LTM Total Revenue 114.9 160.7 275.6 202.8 363.5 Total Direct Expenses (70.3) (95.1) (165.3) (124.3) (219.4) Gross Profit 44.7 65.6 110.3 78.5…
Scale & Geographic Diversity to Provide Top-Tier Environmental Solutions to Our Customers Pro Forma Heckmann Power Fuels Combined Company LTM Revenue(1,2) 336 MM 363 MM 699 MM LTM Adj. EBITDA(1,2) 67 MM 155 MM 222 MM…
Transaction Timeline September October November December Announcement SEC Review Regulatory Filings / Review Stockholder Vote Closing 14
Appendix 15
Pro Forma Adjusted EBITDA Reconciliation (Unaudited) (Millions) Heckmann Transaction Pro Forma Heckmann Transaction Pro Forma Power Fuels(2) Power Fuels(2) Corporation(1) Adjustments(3) Combined Corporation(1) Adjustments(3)…
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