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Investor Presentaiton

7 Leading waste management company in Brazil Full-range of waste and environmental services for more than 31 million people 2017E Revenues US$466 million / Adj. EBITDA US$132 million (1)(2) . Largest waste management company in Brazil and LatAm (3) Environmentally progressive, transparent, with compliance focus Municipal customers approximately 80% of sales / C&I customers, approximately 20% of sales 75% win rate on public bidding process for 5-year contracts with 82% renewal rate over past twelve months Sole owner of largest number of regulated landfills in Brazil with 134 million cubic meters of remaining capacity (>15 years) - robust pipeline of additional capacity Collection Services Landfill Operations Biogas Power Alagoas Bahia Sergipe Goiás Rio de Janeiro Paraná São Paulo States in which we operate hold 50% of the population with 60% of GDP Hazardous and Medical Waste 500+ Clients 801 vehicles on collection, sweeping, and cleaning services for 31 million people 13 Landfills 6 million tons disposed in Estre's landfills yearly Pipeline of 5 new landfills 10 Power Units Generating ~14 MW and with potential to more than 80 MW (1) 2017E Revenues R$1,485 million / Adj. EBITDA R$420 million. US$ information is presented using an exchange rate of R$3.19 to US$1.00. (2) Adjusted EBITDA is a non-IFRS financial measure. For a reconciliation of Estre's Adjusted EBITDA to net income (loss), see the Appendix hereto. (3) As measured in terms of number of landfills and waste disposal volumes. 23 3 Facilities for treatment and disposal of hazardous and medical waste estre LODES COMEÇO
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