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China Industrial Waste Management, Inc.
We care about our environment
Investor Presentation November 2009
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Safe Harbor Statement

• This investor presentation does not summarize all
  of the matters relevant to or necessary for a
  person to make an investment decision concerning
  China Industrial Waste Management, Inc.
  Accordingly, prior to making any investment
  decision, prospective investors and their
  advisors should conduct their own due diligence
  investigation of China Industrial Waste
  Management, Inc., including asking questions of,
  and obtaining additional information from, China
  Industrial Waste Management, Inc. concerning its
  business and prospects, the terms and conditions
  of any potential investment and any other
  relevant matters.
• This presentation contains forward-looking
  statements, including financial projections. In
  some cases, you can identify forward looking
  statements by terms such as may, will,
  should, could, would, expects, plans,
  anticipates, believes, estimates,
  projects, predicts, potential, and similar
  expressions. The forward looking statements
  reflect China Industrial Waste Managements
  current views with respect to future events and
  are based on assumptions and are subject to risks
  and uncertainties.
• The forward looking statements set forth in this
  presentation are our managements projection of
  possible future operations, developments, and
  results based upon numerous assumptions, and are
  dependent on many factors over which we have no
  control. We cannot guarantee that any of the
  assumptions on which forward looking statements
  are based will prove to be correct, or that we
  will achieve the results set forth in the forward
  looking statements.
• We make no expressed or implied representation or
  warranty as to whether we can attain the
  projected financial information or the accuracy
  of any other forward looking statements set forth
  in this Executive Summary or as to the accuracy
  or completeness of the assumptions from which the
  forward looking statements are derived. We do not
  have any obligation to update or revise any
  forward looking statement to reflect any change
  in our expectations or any change in events,
  conditions, or circumstances on which any such
  statement is based. Given these uncertainties,
  you should not place undue reliance on such
  forward-looking statements.

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Company Overview

• Founded in 1991 as the first industrial waste
  treatment company in China
• Headquarters in Dalian, Liaoning Province
• The company, through its seven subsidiaries in
  China, is engaged in
• Industrial waste management
• Municipal Build-Operate-Transfer (BOT) projects
• Environmental protection engineering
• Recurring, high margin revenues
• State Environmental Protection Administration
  (SEPA) licensed industrial waste processor plus
  local government approvals
• Over 650 customers, including major multinational
  corporations supported by 400 full-time employees

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Corporate Structure
China Industrial Waste Management, Inc. (CIWT)
90
Dalian Dongtai Industrial Waste Treatment Co.,
Ltd.
80
70
100
65
Dongtai Water Recycling Co. Ltd.
Zhuorui Resource Recycling Co., Ltd.
Yingkou Dongtai Industrial Waste Treatment Co.
49
75
Dongtai Organic Waste Treatment Co., Ltd.
Dalian Lipp Environmental Energy Engineering
Technology Co., Ltd.
Hunan Hanyang Environmental Protection Science
Technology Co., Ltd
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Financial Introduction
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Investment Highlights

• Regulatory Drivers to Stimulate Demand
• Increasing government regulation and support
  strengthens ecological and environmental
  protection in China
• Rapid Industry Growth
• Environmental protection industry in China is
  growing 25 per year
• High Barriers to Entry
• Lengthy lead times to acquire licenses from SEPA
  and provincial governments
• Industry Leader with Technology Advantages
• Five patents and strong track record in
  developing and operating industrial waste
  treatment systems
• Profitable Business and Diversified Revenue Mix
  for Sustainable Growth
• 2005 2008 revenue and net income grew at 40.1
  and 61.6 CAGR, respectively
• Long-term, recurring revenue streams from
  municipal BOT projects New opportunities in BOT
  projects beyond Dalian
• Experienced Management Team
• More than 15 years technical and operating
  experience in environmental protection industry

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Market Overview

• The Environmental Protection Industry in China is
  growing 25 per year more than 2x Chinas GDP
  growth
• The environmental protection industry in China is
  expected to double and reach 120 billion by
  2010
• In the 11th Five-year Plan (2006-2010), SEPA
  committed 190 billion for industrial companies
  for cleanup
• Stringent regulation and quick industrial growth
  stimulate increasing demand for waste management.
  
• 51 billion (out of Chinas 586 billion stimulus
  plan) will be invested in environmental
  protection construction projects
• Liaoning Province is one of the countrys largest
  industrial centers and waste producers. The
  Company has five key locations throughout Dalian.

Source China SEPA
Data source China SEPA Annual Report
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Business Overview

• INDUSTRIAL WASTE
• Industrial Waste Treatment and Recycling Services
  Dalian Dongtai Industrial Waste Treatment, Ltd.
  (Dongtai) full service waste treatment
  facilities Dongtai accounts for the majority of
  the Companys revenues to date and is currently
  under expansion
• Waste Catalyst Recycling Dalian Zhuorui
  Resource Recycling Co., Ltd - generates valuable
  metals and slag used for cement now making final
  adjustment to production techniques
• MUNICIPAL BOT
• Waste Water Treatment Dalian Dongtai Water
  Recycling Co. Ltd. BOT project established to
  process municipal sewage for the city of Dalian
  commenced production in June 2008
• Municipal Sludge Treatment Dalian Dongtai
  Organic Waste Treatment Company - process sludge
  by anaerobic fermentation to generate methane and
  fertilizer, to commence operation in December
  2009
• ENVIRONMENTAL ENGINEERING
• Dalian Lipp Environmental Energy Engineering
  Technology Co., Ltd. - Joint venture with
  German Lipp - sales of Lipp tanks for waste water
  and sludge treatment equipment design and
  manufacturing, already built up a pipeline of
  contracts, expect to commence in 2010.

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Industrial Waste Management - Project I

• Dalian Dongtai Industrial Waste Treatment, Ltd.
  90 owned by CIWT
• Waste treatment facility includes Electronic
  Waste Dismantling facility, Etchant Reuse
  facility, Waste Incineration facility, Hazardous
  Waste Safety Landfill Site, and General
  Industrial Waste Landfill Site
• Sole company with One-stop service for
  comprehensive solutions of industrial and
  commercial waste treatment in Liaoning Province
• Clients include major multinational corporations.
  International clients contribute approximately
  67 of Dongtais revenue
• Business model 1) Service fees
• 2) Sales of scrap material
• 3) Sales of recycled products

Scrap Material Recycled Products
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Industrial Waste Management - Project I (contd.)

• Expansion Plan Underway
• One-stop service center for hazardous waste
  management
• Sponsored by National Development and Reform
  Commission as part of a plan to construct 55
  hazardous waste treatment centers in key
  locations throughout China
• Integrated processing facilities on 634K sq. ft
  ground, including incinerator, hazardous waste
  landfill, industrial effluent treatment system,
  and organic solvent recycling system.
• Total investment is approximately 16 million,
  with 4.8 million government subsidy
• Most advanced in China and on par with
  international standards for solid waste treatment
  facility
• Increase capacity of incinerator from 3,300
  tons/year to 9,000 tons/year
• Expansion project is expected to be completed in
  August 2010

3D model for new facility
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Diversified Customer Base
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Industrial Waste - Project II

• Dalian Zhuorui Resource Recycling Co., Ltd. - 70
  owned by Dongtai
• Total investment of approximately 6 million.
• Leading technology used to recycle scrap catalyst
  from refineries and generate valuable metals
  including Molybdenum, Nickel, Cobalt, and
  Vanadium. Annual scrap catalyst generated in
  Northeastern China is about 10,000 tons.
• Current annual processing capacity is 5,000
  tons/year, yielding 1,400 tons of metal compound
  which are sold into the market. Additionally
  waste slag is sold as a raw material for cement.
• Partnership with two major oil refineries to
  secure supply of waste catalyst at low cost which
  benefits margins significantly
• Expected to commence commercial production by
  December 2009

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Recycle Process Flow
Collect Hazardous Waste Catalyst from Oil
Refineries

• Patented Plasma Furnace to Process
• Melting (1800 C )
• Crushing, Milling, Oxidation, Separation
• Electricity intense

• Metal Alloy
• Ammonium Metavanadate
• Ammonium Molybdate
• Cobalt Sulfate
• Nickel Sulfate
• Vitreous Slag
• Raw material for cement

• Denoted as Key National Environmental Protection
  Practical Technology in 2005
• Received three patents in China
• Received subsidies through government funding
• Processed waste yields approximately 20-30
  metal alloys and 70 -80 vitreous slag

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Municipal BOT - Project I

• Dalian Dongtai Water Recycling Co. Ltd - 80
  owned by Dongtai
• Processes waste water generated by the City of
  Dalian
• Receive fixed quarterly payments from the local
  government approximately 0.27 million per
  quarter with average net margins of approximately
  17
• Total investment was approximately 6.6 million
  and commenced operations on June 21, 2008
• Phase I annual processing capacity of 30,000
  metric tons per day
• Phase II III to increase capacity to 100,000
  metric tons per day, expected completion by 2011
• 20 years of stable recurring income backed by
  tax revenue and franchise agreement

Operation
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Municipal BOT - Project II

• Dalian Dongtai Organic Waste Treatment - 49
  owned by Dongtai
• Municipal sludge treatment in Dalian utilizing
  German Lipps Technology
• Total Investment 18 million, expected to
  commence operations in Q3 2009
• Sludge processed through anaerobic fermentation
  and generates methane and fertilizer which are
  reused
• Generates approximately 1.1 million in quarterly
  revenue including processing fees from the local
  government and sale of methane and fertilizer
• Average net profit margins estimated at 25-30
• Current capacity is 600 tons per day with
  expansion to meet increasing demand

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Engineering

• Dalian Lipp Environmental Energy Engineering
  Technology Co., Ltd. - 75 owned by Dongtai
• A joint venture between Dongtai and German based
  Lipp Company
• Target waste management companies and BOT
  projects Addressing huge waste water and sludge
  treatment market
• Engaged in sales of Lipp Tank and post-sale
  technical service. The Company plans to pursue
  equipment design and manufacturing during 2009
• Average sale price of a ferment tank is
  approximately 0.67 million
• Competitive advantages
• Superior quality
• Onsite assembly
• Short construction period
• Lower cost and maintenance expense

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Project Pipeline

• New industrial waste treatment facilities in
  Yingkou, Liaoning Province
• According to 11th Five Year Plan, Yingkou is one
  of five cities in Liaonings Coastal Economic
  Development Belt
• As of August 2008, Yingkou has attracted 167
  investments of approximately 17.8 billion from
  many big domestic and international enterprises
• CIWT has formed a subsidiary company, Yingkou
  Dongtai Industrial Waste Treatment Co., in
  Yingkou to seize the opportunity in this area
• Centralized Hazardous Waste Treatment Facility in
  Hunan Province
• In October 2009, Dalian Dongtai acquired a 65
  interest in Hunan Hanyang Environmental
  Protection Science Technology Co., Ltd. for
  2.2 million
• Strategically located in Changsha, Hunan
  province, providing waste management service to
  10 major cities in Hunan province
• One of the governments designated hazardous
  waste treatment centers according to the
  National Hazardous Waste and Medical Waste
  Disposal Facility Construction Plan
• Total investment is about 27 million, of which
  60 will be subsidized by the central government
  and 40 will come from the Company
• Expect to begin construction in early 2010, and
  it will be operational in 2012.
• Annual waste processing capacity 46,000
  tons/year

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Qualifications
Permit for comprehensive operation on hazardous
waste issued by provincial environmental
protection authority
Certificate for operation of environmental
protection facilities granted by National
Environmental Protection Bureau
Certificate of ISO14001 ,ISO9000, ISOl8000
Management System
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Research Development

• Established Dongtai Industrial Waste Disposal
  Technology Center in conjunction with Dalian
  University of Technology 22 engineers and 9
  analysts
• The RD team is comprised of specialists focused
  on environmental technology
• Closely cooperates with several Chinese
  universities and research institutes including
  Dalian Institute of Chemical Physics of the
  Chinese Academy of Sciences
• The Company has been granted multiple local
  government awards and is recognized by SEPA and
  the Ministry of Science and Technology as a key
  environmental technology provider
• Currently owns 5 patents in China
• The Disposal of Powered Ink Waste from Copy
  Machines
• Consecutive Destructive Distillation Stove
• Plasma Fusion Pyrolysis Device
• The Disposal of Waste Catalyst
• Method and Equipment for High-Efficiency
  Solid-Liquid Separation Under High Pressure

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Growth Strategy

• Expand industrial waste processing capacity
• Diversify customer base
• Seek new Municipal Build-Operate-Transfer (BOT)
  projects
• Penetrate new geographic markets in China
• Continue to place great emphasis on RD
• Maintain stringent cost controls to optimize
  margins
• Pursue complementary acquisition targets for
  expansion

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Revenue Composition

• Service fees consist of waste treatment fees
  and BOT project revenues
• BOT project started to contribute to total
  revenues in 2Q 09
• Further diversify CIWT revenue stream as selling
  prices of recycled products decrease

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Strong Growth Profitability
Revenues (000)
Net Income (000)
28.9
40.5

• 2005 2008 revenue and net income grew at 40.1
  and 61.6 CAGR, respectively
• 2008 gross profit margins were 69 and operating
  margins were 42.5
• Generated 4.9 million in cash flow from
  operations during 2008
• Difficult 1Q09 due to economic slowdown
  business has since improved

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Year-Over-Year Results
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Balance Sheet Summary
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Management Team

• Jinqing Dong Chairman of the Board, CEO
• Founded the Company in 1991 and possesses over 20
  years of experience in the waste management
  industry.
• Between 1982 and 1991, Mr. Dong worked for the
  Dalian Environmental Science Academy, where he
  was primarily engaged in research relating to the
  disposal of waste gas, waste water and industrial
  residue and the evaluation of the environmental
  effects of industrial projects.
• Mr. Dong graduated from Dalian University of
  Technology in 1982 with a bachelors degree in
  environmental engineering.
• Jun Li Chief Operating Officer and Director
• Appointed as Chief Operating Officer in March
  2008. He has served on the Companys board of
  directors since October 2006. Mr. Li has also
  served as the COO of Dalian Dongtai since 1998.
• From 1982 to 1993, he was employed by Dalian
  Vacuum Flask Factory and Dalian Yili
  International Chemical Co. Ltd as its Director of
  Technology and Chief Production Manager.
• Mr. Li holds a bachelor degree in environmental
  engineering from Dalian University of Technology.
• Xin Guo Chief Financial Officer and Director
• Served as the Companys Chief Financial Officer
  and a member of the board of directors since
  March 2008.
• Ms. Guo has served as Chief Accounting Officer
  for Dalian Dongtai since October 2003
• Ms. Guo graduated from Beijing University of
  Commerce in 1992 majoring in Auditing, and
  received her masters degree in Administration
  from Chinas Northeastern University in 2002.
• Darcy Zhang Corporate Secretary
• Joined the Company in 2004 and has been engaged
  in Investor Relations management for several
  years.
• Mr. Zhang received a Masters degree in
  International Banking and Financial Studies from
  the University of Southampton, UK in 2004.

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Investment Summary

• Chinas industrial waste treatment industry is
  still in its infancy while economic and
  regulatory drivers support future growth
• Highly regulated industry and stringent license
  requirements both from SEPA and local governments
  create high barriers to entry
• Dongtai possesses all necessary operating
  licenses and approvals
• Strong RD has created patented, proprietary
  systems and solutions
• 2005 2008, revenue and net income CAGR of 40
  and 62 respectively
• Significant growth opportunity with new BOT
  projects, which are operated for 20-25 years and
  generate high visibility and recurring revenues
• Additional growth opportunities include Lipp
  joint venture, geographic expansion, and
  complementary acquisition opportunities
• 17 years of industry experience, strong
  management team with significant ownership aligns
  their goals with the shareholders

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Contact Us
Investor Relations Crocker Coulson, President
CCG Investor Relations Tel [phone] E-Ma
il crocker.coulson_at_ccgir.com Web
www.ccgirasia.com

• Company Contact
• Ms. Guo Xin, CFO
• Tel [phone]
• E-Mail hellenguo_at_chinaciwt.com
• Mr. Zhang Dazhi, Company Secretary
• Tel [phone]
• E-Mail darcy.zhang_at_chinaciwt.com
• Web www.chinaciwt.com

Legal Counsel Schneider Weinberger Beilly LLP
Web www.swblaw.net
Auditors Jewett, Schwartz, Wolfe  Associates
Web www.jsw-cpa.com
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Thank You