Gevo, Inc. · NASDAQ:GEVO
Gevo — Investor Presentation (March 2021)
20 slides from Gevo's investor presentation, March 2021
Slide 1: Our Mission: Transforming Renewable Energy Into Net Zero, Drop-In Fuels
Our Mission: Transforming Renewable Energy Into Net Zero, Drop-In Fuels March 2021
Slide 2: Forward Looking Statements
Forward Looking Statements Any statements in this presentation about our future expectations, plans, outlook and prospects, and other statements containing the words “believes,” “anticipates,” “plans,” “estimates,” “expects,” “intends,” “may” and similar expressions, constitute forward-looking state
Slide 3: Today's Presenters
Purpose of Gevo’s outreach Today’s Presenters We have an experienced management and technical team Years in Name Title Prior Experience Industry Chief Executive Officer and Dr. Patrick Gruber 30+ Director Lynn Smull Chief Financial Officer 30+ Dr. Chris Ryan Chief Operating Officer 30+ Tim Cesarek C
Slide 4: What We Do
What We Do We transform renewable energy into low-carbon, drop-in fuels with a pathway to “net zero”(1) Capturing Renewable Energy… …Transforming it into Energy Dense, • We design our business with carbon value in mind from Liquid Hydrocarbons Photosynthesis the beginning • Carbon value impacts H20
Slide 5: How We Do It
How We Do It Our technology enables our unique, flexible, commercially proven decarbonization system Our Technology Why It Matters • We have used synthetic biology and engineering to implement 260+ changes to • High barriers to entry yeast, designing it as part of an anaerobic isobutanol pathway in
Slide 6: Using Renewable Carbon and Energy to Defossilize
USING RENEWABLE CARBON AND ENERGY TO DEFOSSILIZE GEVO’S BUSINESS SYSTEMS, FROM RAW MATERIALS TO RENEWABLE FUELS, EXEMPLIFIES THE CIRCULAR ECONOMY IN ACTION Fossil GHG Emissions Driving the Life-cycle GHG’s Emissions of Jet, 100g/MJ CO2 Emissions Gasoline, and Diesel to Net Zero 0g/MJ CO2 Emissions P
Slide 7: Proven Technology in Production and Product Use
Proven Technology in Production and Product Use Produced over 33,000 cumulative hours, 150,000 gallons of Jet Fuel and 110,000 gallons of Premium Gasoline for our customers Our Commercial Operations Why it Matters Current Facilities • Corporate headquarters (office and labs) in Englewood, CO • Tec
Slide 8: Why Our Technology is Important
Why Our Technology is Important Unique business system “purpose built” for decarbonization can provide immediate 100% or more reduction in carbon intensity Commentary Potential Carbon Intensity of Net-Zero 1 Products(2) (Cradle-to-Cradle; gCO2e/MJ) • Even in a sustainable development scenario, with
Slide 9: Our Investment Highlights
Our Investment Highlights Strong and Experienced Management with Strong and Growing Customer Demand(1) Proven Track Record Commercial-Scale, Demonstrated Process Pipeline of Attractive, High-return Projects Capital for Development and Equity: Pathway to Net Zero Carbon Intensity, Project Net-Zero 1,
Slide 10: Enormous Total Addressable Market
Enormous Total Addressable Market Total Market 80%+ EV Scenario (Low Estimate) Single Net-Zero Plant Capacity 888 Billion 245 Billion 45 Million gallons per year gallons per year(3) gallons per year(1) 2050E Global Liquid Fuels Demand Required in 80% EV Planned Capacity of One Gevo Net-Zero plant 20
Slide 11: Strong Customer Demand for Our Products
Strong Customer Demand for Our Products Willingness of growing, blue-chip customer base to enter into long-term, take-or-pay contracts validates attractiveness of commercial model Attractive Contract Portfolio Market Traction • Large, Growing Portfolio 45 MMGPY 49 MMGPY 349 MMGPY – Over $1.5 billio
Slide 12: Renewable Low Carbon Hydrocarbons Work Commercially Because Carbon Reduction Can Be Valued
Renewable Low Carbon Hydrocarbons work commercially because carbon reduction in fuels can be valued and monetized Customer Sustainable and Profitable For Our Customers… Wants a Net Breakdown of Contracted Fuel Price – Illustrative Example Price at Their ($ / HC gal) Gate Near Parity with Fossil Fuel
Slide 13: Pipeline of Attractive, High-Return Projects
Pipeline of Attractive, High-Return Projects Commentary Overview Capacity Current cash balance expected to: Hydrocarbon Liquids Projected Economics Expected Timing Protein Products • Fully fund development costs and project equity for 100% of: +20% LIRR(1) ~45 MMGPY 1H 2022 (Close) Project Net-Zero
Slide 14: Scope of Net-Zero 1
Scope of Net-Zero 1* An “Off-the-Grid” Renewable Hydrocarbon Plant** +400 Million pounds of Value- added Protein Products ~30 Million lbs of Vegetable oil Production Processes Low Carbon Corn IBA ~45 Million Gallons (~270 million 30 Million Bu Protein, Oil, IBA Production Hydrocarbon Production lbs)
Slide 15: Growth Project: Net-Zero 1
Growth Project: Net-Zero 1 Asset Highlights Status Greenfield Site (Lake Preston, SD) • ~45 MMGPY of jet fuel and premium gasoline(1) • Development costs fully funded • Fuel products are expected to achieve a net- zero GHG footprint across the whole life cycle(2) • Construction equity fully funded
Slide 16: Growth Project: Gevo NW Iowa Renewable Natural Gas Facility
Growth Project: Gevo NW Iowa Renewable Natural Gas Facility Description Status • 355,000 MMBtu/yr RNG • Commercial structure in place • ~$70mm capex • Permitting underway • +30% LIRR(1) • Multiple dairy farms with over 20,000 • Finalizing debt arrangements milking cows combined • Gas upgrading sy
Slide 17: Licensing, International & Other
Licensing, International & Other Gevo’s Value-Added Roles… …Lead to Multiple Revenue Streams • Establish off-take contracts • Technology royalty • Quality and sustainability compliance for • Marketing fees licensees • Project development fees and reimbursements • Technology optimization • O&M and as
Slide 18: Pipeline of Attractive Sites
Pipeline of Attractive Sites We are actively developing a pipeline of Project Net-Zero greenfield sites, licensing and other opportunities Commentary Greenfield Focus Areas • We are focused on sites predisposed to Carbon Luverne Facility Intensity benefits (access to RNG or biogas, Lake Preston wind
Slide 19: Appendix
Appendix
Slide 20: Current Financial Information
Current Financial Information Cash ~$530.6 million (2/26/2021) Debt No material debt outstanding Common Shares Outstanding ~198 million (2/26/2021) 20