Clean Harbors (CLH) Investor presentation summary

Strategic positioning and market leadership

• Operates as North America's largest hazardous waste disposal company and leading recycler and re-refiner of used oil, with over 100 waste management facilities and 900 service locations serving 300,000+ customers.

• Maintains a broad network of disposal assets, including 10 incinerators, 7 landfill sites, and 33 treatment, storage, and disposal facilities, supported by more than 20,000 company vehicles.

• Offers national coverage across all 50 U.S. states, nine Canadian provinces, and Puerto Rico, enabling asset and personnel sharing and comprehensive service delivery.

• Holds over 600 regulatory permits, with significant customer switching costs, unique assets, and decades of investment in proprietary systems.

• Diversified end markets, with no single sector exceeding 17% of revenue, reducing downside risk.

Business segments and growth drivers

• Environmental Services segment generated ~$5 billion in 2024 revenue, driven by regulation, compliance, industrial production, and emergency response events.

• Safety-Kleen Sustainability Solutions segment produced ~$900 million in 2024 revenue, focusing on re-refinery spread business and closed-loop offerings for lubricants, oil filters, and antifreeze.

• Growth supported by favorable market dynamics, including reshoring, regulatory changes, sustainability trends, and legislative initiatives like the Infrastructure Bill and Inflation Reduction Act.

• Complementary growth strategies include network expansion, acquisitions, cross-selling, innovation, and cost/productivity initiatives.

• Disciplined capital allocation prioritizes organic growth investments, acquisitions/divestitures, share repurchases, and debt management.

Sustainability and innovation

• Mission centers on creating a safer, cleaner environment through hazardous material treatment, recycling, and disposal.

• Launched Total PFAS Solution, generating $80–$100 million in 2024 revenue, following a successful EPA-backed incineration study demonstrating 99.9999% PFAS destruction.

• Partnered with Castrol for the MoreCircular program, supplying re-refined base oil for lower-carbon lubricants, with major fleet wins and growing market interest.

• Achieved a net climate benefit factor of 2.3x in 2024, avoiding more than double its greenhouse gas footprint, with a goal to reach 3x by 2030.

• Sustainability and ESG profile are key differentiators, with growing customer demand for green solutions and improved ESG ratings.