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Investor Presentaiton

DISCIPLINED FINANCIAL STRATEGY PRINCIPLES • Maintain efficient capital structure • Maximize strategic flexibility Financially driven capital allocation process NET LEVERAGE ($M)¹ Clean Earth and ESOL Acquisitions 4.5 x 2.9 x 2.4 x 2.2 x 1.8 x 1.6 x 2015 2016 2017 2018 2019 Q3 2020 (1) Net debt equals long term debt + short term borrowing + current maturities of long term debt - cash and cash equivalents. Net leverage ratio calculation in accordance with credit agreement. PRIORITIES • Commitment to reduce debt and maintain strong credit profile • Leverage ratio target 2.0x- 2.5x • • M&A activity on hold $13M remaining under share repurchase authorization; also on hold MAJOR DEBT MATURITIES - Q3 2020 © 2020 Harsco Corporation. All Rights Reserved. This document and the information set forth herein are the property of Harsco Corporation. $752 $500 2020 2021 2022 2023 2024 2025 2026 2027 HARSCO 23
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