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Heckmann Corporation And Power Fuels To Merge Creating A Leading Environmental Services Company Focused On Energy And Industrial End-Markets

1 On September 30, 2011 Heckmann completed the divestiture of China Water & Drinks, Inc., which formed the Company’s bottled water business segment. The Company reclassified its bottled water segment as discontinued operations in 2011 and its comparable period results reflect this change.

2 For a reconciliation of these non-GAAP financial measures to their comparable GAAP financial measures please see the Appendix to our presentation filed as Exhibit 99.2 to our Current Report on Form 8-K filed on September 4, 2012 which presentation is also posted on the Company’s website at www.heckmanncorp.com.

3 Pro-forma financial results for the first quarter of 2012 include the effect of Heckmann Environmental Services (HES – formerly Thermo Fluids Inc., or TFI) as if acquired on January 1, 2012. Heckmann completed the acquisition of TFI on April 10, 2012.

4 Power Fuels’ unaudited LTM revenue and EBITDA reflect the removal of a related entity, Badlands Development II, LLC, as it will not be a part of this transaction.

5 Upon closing, it is anticipated that Mr. Johnsrud will own approximately 38% of the combined Company.

Copyright Business Wire 2010
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