March 2013 External Presentation

Investor Relations Presentation November 2013

Mission Statement Our Vision Is “To be the leading global provider of environmentally-friendly liquid storage, fluid handling and corrosion resistant industrial products”.

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Market Summary

• TSX symbol

ZCL

• Basic common shares o/s

29.5 MM

• Shares held by mgmt & directors

2.7 MM

• Equity market capitalization

$180 - 210 MM

• Net cash (September 30, 2013)

$3.7 MM

• Dividend per share (quarterly/annual)

$.03/$0.12

• Yield

1.8% 3

Management Team & Board of Directors Management Team • President & CEO • Chief Operating Officer • Chief Financial Officer • VP Sales & Marketing, Cdn. Petroleum • VP Sales & Marketing, US Petroleum & Water • VP Sales & Marketing, Corrosion • VP Business Development

Ron Bachmeier Kapul Gill Kathy Demuth Kent Halliday Tom Tietjen Andy Mikalauskas Michael Stark

Board of Directors • Tony Franceschini, Chair • Ron Bachmeier (not independent) • Bruce Bentley • Leonard Cornez • Allan Olson • Harold Roozen • Ralph Young 4

North American Coverage Legend: Underground (Petroleum & Water) Aboveground (Corrosion) Head Office/Regional Office

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ZCL Core Product Markets

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The Brands of ZCL Composites Inc.

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Petroleum Products

• Downstream Petroleum • Upstream Petroleum • International

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Petroleum Market

Downstream Market Size •

$25 MM to $35 MM in Canada (market share > 85%)

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$125 MM - $150 MM in United States (market share > 40%)

Competitors •

Fiberglass – CSI Denali

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Steel – Modern Welding, Highland, Northern Steel, and many regional manufacturers

Market Growth Focus – gain market share against steel •

Mature market – demographic shift/new replacements

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1980’s tanks reaching end of original 30 year warranty (both steel and FRP)

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Future fuels (E15, E85, biofuels) – replacement and upgrades

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Diesel Exhaust Fluid (DEF) – highway, off-road construction, marine

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Ultra Low Sulfur Diesel (ULSD)

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Pipeline expansion will drive Upstream sales growth (pump station sump tanks)

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Water Products • • • • • • •

Potable Onsite Decentralized Wastewater Fire Protection Water Collection/Conservation (Green Building/LEED) Wet Wells and Lift Stations for Municipal/Industrial Applications Grease Interceptors Specialty Markets—Washdown tanks, Food Processing Drain tanks

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Water Market

Market Size •

Total market size of $750 MM in North America

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Market niches vary from $20 MM to $200 MM

Competitors •

Concrete is dominant (>90%) with hundreds of regional suppliers

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FRP – CSI Denali, LF and numerous regional tank manufacturers

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Poly – Norwesco, Darco and many national and regional manufacturers

Market Growth Focus – gain market share against concrete •

Tied to construction cycle – slowly recovering, but still comparatively weak

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Environment/”scarce commodity with value” is a key opportunity

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Government regulations, especially for wastewater and fire submarkets, are slowly changing

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Reuse/recycle movement is macro driver

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Emphasize specifications and life cycle cost advantages over concrete

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Corrosion Products

• Oil Sands • Industrial Corrosion – Chemical, Chloralkali and Industrial Tanks – Power Generation – Metals, Mining and Energy – Industrial Pollution Control – Pulp and Paper

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Oil Sands Market

Market Size •

Oil Sands spending estimated at $15 B to $20 B annually through 2020

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$150 B in capital spent to date affords opportunity for expansion into annual op-ex spend and shut-down work

Competitors •

Large field erected, large diameter steel tanks

Market Growth Focus – broaden applications •

Long-term high level spend to occur (see next slide)

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Leverage “design one, build many” strategy with EPC firms

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Expand op-ex and maintenance services

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Leverage the interface between Oil Sands, water, and chemicals

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Recent announcements of resurgent activity (Suncor Fort Hills, Shell Carmon Creek)

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Oil Sands Capital Spend

Source: Forecast based on Peters & Co. Limited estimates, historic based on CAPP data. Mining category includes spending on upgraders. 14

Industrial Corrosion Market

Market Size •

Industrial Corrosion is a $1 B market

Competitors •

Denali (Ershigs, Fabco, Belco)

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RPS (NMR, Sealtech), Augusta, Plasticon /AC Plastiques, An-Cor

Market Growth Focus – broaden customer base •

Expansion up-cycle on Chemical Industry due to cheap and abundant natural gas – Projected growth through 2020

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Power generation: capital spending expected recovery beginning in 2014 as shift from coal to natural gas gains momentum

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Expand op-ex and maintenance service offerings

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Leverage expanding sales team

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Product Revenue by Year

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Revenue with First Nine Months Breakdown

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Gross Profit & Gross Margin by Year

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EBITDA by Year

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Return on Capital Employed (ROCE)

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Debt to EBITDA

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Operational Cash Flow vs. Capital Spend

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Backlog

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2013 Strategic Priorities 1. Focus on Quality • Improve our quality control processes through lean initiatives in order to reduce rework and disruptions in the production flow

2. Improve Profitability • Exceed the 13% EBITDA achieved in 2012 and improve gross profit as a percentage of revenue by 2%

3. Meet Deliveries and Reduce Lead Time • Meet 100% of the customer delivery requirements and shorten lead times by 25% in order to improve the flexibility of the plants and responsiveness to customers

4. Expand Employee Integration • Refine our employee compensation package to further align employee goals and objectives with our strategic priorities and shareholder interests

5. Continued Focus on Safety • Continuation of the standardization of our safety policies, procedures and metrics 24

Forward-Looking Information Advisory Regarding Forward-Looking Statements •

This document contains forward-looking statements concerning future events or the Company’s future performance, including the Company’s objectives or expectations for revenue and earnings growth, business opportunities in the Petroleum Products, Water Products, Corrosion Products and other markets, efforts to reduce administrative and production costs, manage production levels, anticipated capital expenditure trends, activity in the petroleum and other industries and markets served by the Company and the sufficiency of cash flows and credit facilities available to cover normal operating and capital expenditures. Forward-looking statements are often, but not always, identified by the use of words such as “seek,” “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “potential,” “targeting,” “intend,” “could,” “might,” “should,” “believe” and similar expressions. Actual events or results may differ materially from those reflected in the Company’s forward-looking statements due to a number of known and unknown risks, uncertainties and other factors affecting the Company’s business and the industries the Company serves generally.

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These factors include, but are not limited to, fluctuations in the level of capital expenditures in the Petroleum Products, Water Products, and Corrosion Products markets, drilling activity and oil and natural gas prices, and other factors that affect demand for the Company’s products and services, industry competition, the need to effectively integrate acquired businesses, uncertainties as to the Company’s ability to implement its business strategy effectively, political and economic conditions, the Company’s ability to attract and retain key personnel, raw material and labour costs, fluctuations in the US dollar, euro and Canadian dollar exchange rates, and other risks and uncertainties described under the heading “Risk Factors” in the Company’s most recent Annual Information Form, and elsewhere in this document and other documents filed with Canadian provincial securities authorities. These documents are available to the public at www.SEDAR.com.

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In addition to the factors noted above, management cautions readers that the current economic instability in the world today could have a negative impact on the markets in which the Company operates and on the Company’s ability to achieve its financial targets. Factors such as continuing global economic uncertainty, tighter lending standards, volatile capital markets, fluctuating commodity prices, and other factors could negatively impact the demand for the Company’s products and the Company’s ability to grow or sustain revenues and earnings. Fluctuations in conversion rates of the US dollar to Canadian dollar and euro to Canadian dollar have the potential to impact the Company’s revenues and earnings.

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The Company believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon.

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The forward-looking statements in this report speak only as of the date of this presentation. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on the Company’s behalf, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

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