Field trip in Chicago May 22 & 23, 2007 overview

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2007 05-24

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Field trip in Chicago May 22 & 23, 2007 overview

  1. 1. NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com Veolia ES Waste-to-Energy Overview Chicago, IL May 23, 2007
  2. 2. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com Disclaimer Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This document contains "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward- looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risks associated with conducting business in some countries outside of Western Europe, the United States and Canada, the risk that changes in energy prices and taxes may reduce Veolia Environnement's profits, the risk that we may make investments in projects without being able to obtain the required approvals for the project, the risk that governmental authorities could terminate or modify some of Veolia Environnement's contracts, the risk that our long-term contracts may limit our capacity to quickly and effectively react to general economic changes affecting our performance under those contracts, the risk that Veolia Environnement's compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement's financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, as well as the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement. This document contains "non-GAAP financial measures" within the meaning of Regulation G adopted by the U.S. Securities and Exchange Commission under the U.S. Sarbanes-Oxley Act of 2002. These "non-GAAP financial measures" are being communicated and made public in accordance with the exemption provided by Rule 100(c) of Regulation G.
  3. 3. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com Facility Locations LONG BEACH VANCOUVER BAY MIAMI-DADE YORK ISLIP MONTGOMERY DUTCHESS CHARLESTON SAVANNAH PINELLAS Vancouver, CNVancouver, CN Bay, FLBay, FL Charleston, SCCharleston, SC Montgomery, PAMontgomery, PA Dutchess, NYDutchess, NY Long Beach, CALong Beach, CA MiamiMiami--Dade, FLDade, FL Savannah, GASavannah, GA York, PAYork, PA Islip, NYIslip, NY Pinellas, FLPinellas, FL
  4. 4. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com Production Data Operated by MWH LOCATIONS VES-WTE since Tons/day capacity MIAMI-DADE, FL 1985 4,200 75 PINELLAS, FL 2007 3,150 75 LONG BEACH, CA 1989 1,380 36 YORK, PA 1998 1,344 34 MONTGOMERY, PA 1992 1,200 32 VANCOUVER, CN 1987 800 25 CHARLESTON, SC 2002 600 13 SAVANNAH, GA 2002 500 6 ISLIP, NY 1990 486 12 BAY, FL 1999 485 11 DUTCHESS, NY 1998 450 10 TOTAL 14,595 329
  5. 5. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com The Waste to Energy Industry
  6. 6. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com WTE Statistics • 89 WTE plants in 26 states • 90,000 tons per day • 29 million tons per year (13% of America’s trash) • 2,700 MW capacity (2.3 million homes) • $2.5B industry with 6,000+ employees
  7. 7. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com The Key Players
  8. 8. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com US Waste to Energy Industry # Plants Annual Tons Processed By company: (in Million) Covanta 31 15.1 Wheelabrator 16 6.9 VES-WTE 11 4.6 Subtotal 58 65% 26.6 87% Other 31 3.9 Total 89 30.5
  9. 9. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com US Waste to Energy Industry # Plants Annual Tons Processed (in Million) Geographically New England & Middle Atlantic 39 15.1 South (primarily Florida) 25 10.2 Subtotal 64 72% 25.3 83% Other 25 5.2 Total 89 30.5
  10. 10. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com 21st Century
  11. 11. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com POISED TO GROW? • Waste quantity steadily growing with population and GDP • Alternative disposal methods – Landfilling capacity not keeping up with growth – Recycling still on a plateau or even declining • Favorable economics – Long distance landfill less competitive if gasoline prices increase – WTE more competitive if oil prices increase (energy)
  12. 12. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com POISED TO GROW? • Regulatory climate – Determination of greenhouse gas impact will be primary factor – Environmental regulators pleased with CAA success – Energy regulators debating renewable energy status • Public climate – Acceptance of contract extensions, plant expansions • Flow control – Alternatives to flow control are legal for privately owned plants – Restored by Supreme Court for publicly owned plants
  13. 13. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com 21st Century Personal Prediction • Intermediate Term (3-5 years) – Several plants (large and small) will close when operating contracts expire, with a switch to landfilling – Several plants will extend contracts and expand plant capacity (York, PA, Lee County, FL and Hillsborough County, FL) using mass burn technology – A few publicly owned plants will change their private operator (Pinellas County, FL)
  14. 14. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com 21st Century Personal Prediction • Long Term (5-10 years) – New WTE plants will be built – New WTE technologies will be developed and used in preference to mass burn for new facilities but not expansions – Per capita waste generation will peak and then diminish – Recycling will revive and increase as a percentage of waste management.
  15. 15. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com Conclusion • WTE is a mature industry with a future • Existing facilities can be operated an additional 20-40 years; will depend on economics and politics – Debt service goes away upon expiration of contracts – Landfill competition affected by gasoline prices, interstate restrictions – Energy prices??? – Recycling??? – New, cheaper, environmentally preferable technologies • Expansions will occur using mass burn technology • New plants will be developed using mass burn and alternative technologies
  16. 16. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com Questions? Thank You. Turning waste into a resource
  17. 17. NORTH AMERICA www.VeoliaES.com NORTH AMERICA WASTE-TO-ENERGY www.VeoliaES.com • Nathalie PINON, Head of Investor Relations 38 Avenue Kléber – 75116 Paris - France Telephone +33 1 71 75 01 67 Fax +33 1 71 75 10 12 e-mail nathalie.pinon@veolia.com • Brian SULLIVAN, Vice President, US Investor Relations 700 E. Butterfield Road -Suite 201 Lombard, IL 60148 - USA Telephone +1 (630) 371 2749 Fax +1 (630) 282 0423 e-mail brian.sullivan@veoliaes.com Web site http://www.veolia-finance.com Investor Relations contact information

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