 Change 2010 vs 2011E 2010 2011E $ % Volume (0.7%) Price 3.0% Revenue Collection $123.1 $153.4 $30.3 24.6% Disposal 98.8 102.9 4.1 4.1% Transfer 35.0 40.9 5.9 16.9% Other 12.5 19.7 7.2 57.6% Eliminations (39.9) (43.1) (3.2) 8.0% Total revenue $229.5 $273.8 $44.3 19.3% Internalization 71.6% 68.1% (3.5%) EBITDA 53.1 57.7 4.6 8.7% % margin 23.1% 21.1% (2.0%) Adj. EBITDA $56.2 $62.7 $6.5 11.6% % margin 24.5% 22.9% (1.6%) Capex $31.3 $31.8 $0.5 1.6% 2011Estimated Results 2011 Estimated Results Commentary Revenue was up 19.3% year-over-year, driven by acquisitions and pricing growth Completed 3 acquisitions in Q1 2011 that accounted for $36 million of revenue increase Largest was Emerald Waste acquisition (Central Florida) Lower operating margins year-over-year can be partially attributed to higher fuel and rail costs, a change in the mix of revenue and M&A related costs Cost of diesel as a percentage of revenue was 8.2% for 2011E, up from 6.3% in the prior year, resulting in lower margins Mix of revenue included more residential services following the acquisition of Emerald Waste Services $1.8 million of M&A costs during 2011E; majority related to Macquarie acquisition Comparative Results ($ in millions) Note: 2011E represents unaudited actual results. 2011E not pro forma for North Carolina and South Carolina asset sales. – – – – – Exhibit 99.1 |
 Reconcilliation of Adjusted EBITDA ($ in millions) 2011E Net income (loss) ($2.4) Add: Depreciation and amortization 33.5 Add: Interest expense 20.2 Add: Taxes 0.5 Add: Write-off of deferred financing costs 0.2 Add: Loss on early extinguishment of debt 5.8 EBITDA $57.7 Add: One-time merger & acquisition related expenses 1.8 Add: Accretion expense for closure and post-closure obligations 1.0 Add: Non-cash stock-based compensation 2.2 Adj. EBITDA $62.7 Pro forma adjustments: Add: Public company costs 1.4 Add: Reduced senior management costs 1.7 Add: Stoughton and Emerald Waste run-rate adjustments 1.3 Less: EBITDA from North and South Carolina assets (3.5) Other 1.2 Total pro forma Adj. EBITDA $64.7 Includes cost savings related to audit fees, legal fees, tax preparation fees, investor relations and directors’ fees and shares Includes run-rate adjustments for the full year impact of the acquisitions completed during 2011 Cost savings from realignment of management team and new employment contracts Removes the EBITDA impact for the assets that are being sold to Waste Industries Includes $0.3 million related to termination of a host Ohio landfill fee (terminated effective July 1, 2011) and $0.8 million related to the City of Ada contract awarded in October 2011 Includes fees related to M&A activity; majority of costs related to proposed acquisition by MIP II |
 Residential $66.0 Roll-off $37.8 Commercial $41.3 Disposal $71.0 Transfer & other $44.8 27.2% 17.2% 15.8% 25.3% 14.5% 2011 Estimated Revenue by Geography 2011 Estimated Revenue by Business Type 1.6% 27.8% 2.4% 8.9% 1.0% 17.1% 20.6% Arkansas $23.1 Texas $72.6 Missouri / Kansas $53.7 Tennesse $2.7 Alabama $6.3 Florida $33.4 Colorado / New Mexico $4.3 7.7% 12.8% Ohio / Massachusetts $44.7 Oklahoma $20.0 ($ in millions) Note: Pro forma for the North and South Carolina asset sale. (1) Defined as ratio of intercompany disposal expense to total gross disposal expense. Company Overview ($ in millions) |
 Company Overview (Continued) Residential 46% Commercial 28% Roll-off 26% 2011 Estimated Collection Revenue by Service |
 Historical Change in Volume and Pricing Volume change Pricing change (3.1%) (2.0%) (4.8%) (3.0%) (9.8%) (6.9%) (5.3%) (10.3%) (5.6%) (0.5%) (3.5%) 2.0% (2.4%) (2.8%) 3.0% (0.4%) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 2010 2011 Note: Reflects year-on-year volume and pricing change. 5.4% 4.0% 4.0% 5.3% 5.7% 2.2% (0.1%) (1.8%) (2.3%) (2.1%) 1.1% 0.2% 3.8% 3.5% 1.7% 2.3% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2008 2009 2010 2011 C&D proportion of revenue: 43% 36% 35% 25% |