Slide 1: Second Quarter 2012 Earnings Call
Exhibit 99.2 Second Quarter 2012 Earnings Call August 7, 2012 © 2012 Gevo, Inc. | 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements within this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to a variety of matters, including but not limited to: the timing and costs associated
Slide 3: Today's Call Agenda
Today’s Call Agenda Corporate Overview – Dr. Patrick Gruber, CEO Luverne, MN commercial plant update Other recent corporate developments Review of Intellectual Property Development – Brett Lund, EVP & General Counsel Review of Financial Highlights – Mark Smith, CFO Summary and 2012 Anticipated Miles
Slide 4: World's First Commercial-Scale Biobased Isobutanol Plant Startup of Luverne, MN plant
st World’s 1 Commercial-Scale Biobased Isobutanol Plant Startup of Luverne, MN plant Isobutanol produced in 250,000-gallon commercial fermenters Railcar shipments on the way to both chemical and non-automotive fuel customers Startup learning curve © 2012 Gevo, Inc. | 4
Slide 5: Gevo's Commercialization Strategy
Gevo’s Commercialization Strategy Specialty Gasoline Bio-PX/PET Bio-Jet Hydrocarbon C4 Market Chemicals Blendstock Fuels “Next Generation “Lower Cost, Drop-In” “Cleaner Performance” “Structurally Short “Green Supply Chain” “Energy Security” Biofuel” Supply” Co-Product Revenues “Cleaner, Greener, Che
Slide 6: Recently Announced Partnerships/Collaborations
Recently Announced Partnerships/Collaborations Beta Renewables (Chemtex and TPGJV) – JDA to develop cellulosic isobutanol production process – Integrates cellulosic technologies with Gevo’s technologies – Commercialization of competitively priced jet-fuel/chemicals/fuels Malaysian government (East C
Slide 7: Gevo ATJ Fuel Makes History in USAF Flight
Gevo ATJ Fuel Makes History in USAF Flight World’s first test flight using 50/50 ATJ and JP-8 fuel ATJ blend produced at a demonstration facility in Texas Test flight in a USAF A-10 Thunderbolt jet aircraft “You won’t be able to determine the difference and you won’t care, because all perform as JP-
Slide 8: Sasol Brochure to Market Gevo Isobutanol
Sasol Brochure to Market Gevo Isobutanol © 2012 Gevo, Inc. | 8
Slide 9: Gevo iDGs Natural Hedge as Corn Prices Climb
TM Gevo iDGs Natural Hedge as Corn Prices Climb Net Carbohydrate Cost Sensitivity iDGs @ 75% of the corn iDGs @ 110% of the corn value value Corn Price per Bushel $6.00 $7.00 $7.00 $8.00 price per lbs (56lbs/bu) $0.11 $0.13 $0.13 $0.14 DDG credit per bushel (17lbs) $1.37 $1.59 $2.34 $2.67 Net carboh
Slide 10: 2Q12 Intellectual Property Highlights
2Q12 Intellectual Property Highlights Preliminary Injunction Summary: Judge denies Butamax’s preliminary injunction Decision replaced previous court order Decision strengthens Gevo defense for April 2013 Trial Honorable Judge Sue L. Robinson’s judicial opinion, in the context of denying the motion f
Slide 11: 2Q12 Intellectual Property Highlights
2Q12 Intellectual Property Highlights U.S. Patent No. 8,193,402 “Renewable Compositions” – Integrated processes for preparing renewable automotive and jet fuels from biomass U.S Patent No. 8,232,089 “DHAD Enzyme Enhancement” – Engineered pathway utilizing DHADs improving the efficiency of isobutanol
Slide 12: Financial Overview
Financial Overview Three Months Ended June 30, In millions except per share data 2012 2011 Revenue Ethanol Sales and Related Products, Net $5.6 $14.3 Grant and R&D Revenue $1.4 $0.2 Total Revenue $7.0 $14.5 Gross (Loss) Margin $(1.5) $0.9 Total Operating Expenses $14.3 $12.5 Loss from Operations $(1
Slide 13: Balance Sheet
Balance Sheet 30-Jun-12 31-Dec-11 Assets Current assets: Cash and cash equivalents $38.6 $94.2 Accounts receivable 1.1 2.9 Inventories 2.9 3.8 Prepaid expenses and other current assets 1.7 1.8 Total current assets 44.3 102.7 Property, plant and equipment, net 69.7 28.8 Deposits and other assets 3.5
Slide 14: Q&A
Q&A