Lanzatech Global, Inc. · NASDAQ:LNZA
Lanzatech Global — Investor Presentation (May 2026)
19 slides from Lanzatech Global's investor presentation, May 4, 2026
Slide 1: LanzaTech 2026
LanzaTech 2026
Slide 2: Cautionary Note Regarding Forward Looking Statements
Cautionary Note Regarding Forward Looking Statements These slides and any accompanying oral presentation contain forward-looking statements. All statements, other than statements of historical fact, included in these slides and any accompanying oral presentation are forward-looking statements reflec
Slide 3: LanzaTech Overview
LanzaTech 2026 LanzaTech Overview 2005: Founded in New Zealand Today: H Q in Chicago IL, 150+ employees Years of2 0 Innovation First commercial plant started in 2018 Plants located in China, India, and Europe 6 Pl Co ant mm s ercial LanzaTech ethanol is a ready-today Sustainable Marine Fuel solution
Slide 4: LanzaTech is the Lowest-Carbon, Lowest-Cost, Scalable SAF/SMF Option
LanzaTech 4 2026 LanzaTech is The Lowest-Carbon, Lowest-Cost, Scalable SAF/SMF Option LanzaTech is The Lowest-Carbon, Lowest-Cost, Scalable SAF/SMF Option We take waste carbon from industrial emissions and turn it into valuable products Six commercial plants producing 150M gallons of ethanol profi
Slide 5: Six Commercial Plants Operating Globally Today
R E F I N E R Y E M ISSIONSS T E E L E M I S SI O NS A N D C O - P R O C E S S E D B I O M ASSS T E E L A N D F E R R O A L L O Y E M ISSIONS IndianOil – IndiaS h o u g a n g – China ArcelorMittal – Belgium Six Commercial Plants Operating Globally Today 60+ Million Gallons of Ethanol Produced Six Co
Slide 6: Confidential
Confidential
Slide 7: Commercial-Scale Recycled Carbon Fuels (RCFs)
Commercial-Scale Recycled Carbon Fuels (RCFs) Commercial-Scale Recycled Carbon Fuels (RCFs) INDUSTRIAL OFF-GAS 21 ATMOSPHERIC C O 2 + H2 ETHANOL BIOREACTOR 3 * Solid waste must be gasified before entering the compressor adding 40-60% to plant CAPEX ** C O 2 from is subject to a phase out in EU by 20
Slide 8: Unmatched Feedstock Flexibility
Unmatched Feedstock Flexibility Unmatched Feedstock Flexibility LanzaTech 2026 Our Technology Handles What Others Can’t LanzaTech’s gas fermentation platform has demonstrated conversion of 30+ real-world waste and biomass inputs Most Diverse Feedstock Portfolio in the S A F and S M F Industry • Prov
Slide 9: Recycled Carbon Fuels: The Only Scalable Approach
Recycled Carbon Fuels: The Only Scalable Approach Recycled Carbon Fuels: The Only Scalable Approach 1 0 0 B + Gallons Can Be Made from LanzaTech Technology LanzaTech 2026 Gal/Year S A F Potential USD/Year Industrial off-g a s – Steel Ferroalloy 38 B $ 1 9 0 B Waste Sol ids - MSW 54 B $ 2 7 0 B $ 1 ,
Slide 10: First Commercial Ethanol-to-SAF Plant is Now Operational
First Commercial Ethanol-to-SAF Plant is Now Operational First Commercial Ethanol-to-SAF Plant is N ow Operational LanzaTech 2026 February 2 0 2 6 : $ 4 7 M Raise @$650M Pre-money Valuation LanzaTech Holding: ~ 5 0 % LanzaJet: Freedom Pines Fuels Soperton, Georgia USA 1 0 M Gallons/Year capacity SAF
Slide 11: Recycled Carbon Fuels Will Impact Two Critical Fast-Moving Markets
LanzaTech Recycled Carbon Fuels Will Impact Two Critical Fast-Moving Markets LanzaTech 2026 AVIATION 11 MARINE
Slide 12: SAF Mandates and Policy Tailwinds Accelerate Adoption
SAF Mandates and Policy Tailwinds Accelerate Adoption S A F Mandates and Policy Tailwinds Accelerate Adoption • Today – Global Jet Fuel Demand: 1 0 0 Billion Gallons • 2 0 3 0 – Global Jet Fuel Demand: growth predicted with upper bound of 1 4 0 Billion Gallons – SAF Mandates: 1 0 Billion Gallon SAF
Slide 13: Lowest-Cost Solution for Sustainable Marine Fuels
LanzaTech 2026 • 7 3 Billion Gallons of Marine fuel used each year globally • FuelEU Maritime mandates will require 1 – 2 Billion Gallons of SM F b y 2 0 3 0 • More methanol-compatible engines were ordered in 2 0 2 3 than LNG-based engines • Ethanol outperforms methanol in energy density, safety, ca
Slide 14: Three Things Had to Be True. Now They All Are
LanzaTech 2026 Three Things Had to Be True. Now They All Are Three Things Had to Be True. Now They All Are Technology works at scale. 6 plants. 300+ days continuous operations/plant 14 Legislation caught up. UK/EU mandates, marine standard in development, FOAK certification underway Markets exist to
Slide 15: LanzaTech Project Pipeline
NT PC – INDIA C O 2 and Green H2 1.2M GPY ethanol Exelixis – NORWAY Industrial emissions 8M GPY ethanol S E D – INDIA Agricultural waste 7.7M GPY ethanol LanzaTech Project Pipeline LanzaTech Project Pipeline FLITE – BELGIUM First EU ATJ plant 30M GPY SAF Our projects leverage diverse feedstocks and
Slide 16: Scalable Revenue Model Driven by Commercial Deployment
Structural cost reset positions platform for capital- efficient growth Revenue Streams • Licensing & technology fees (upfront + milestones) • Engineering & services (early-stage deployments) • Product revenue (fuels and chemicals) • Recurring royalties / revenue share Scaling Dynamics • Each commerc
Slide 17: Clear Path to Operating Leverage as Commercial Scale Increases
Lean Cost Structure • Post-2025 cost base is structurally lower and largely fixed • H2’25 exit run-rate reflects full impact of cost actions (~$40M baseline) • Cost reductions are permanent, not temporary cuts Proven Cost Transformation • SG&A and R&D reduced >50% exiting 2025 • Headcount, vendor, a
Slide 18: Structural Cost Reset, De-Risked Balance Sheet & Capital Flexibility
~ 50% Reduction in Operating Expenses (2025) Structural cost reset achieved through organizational, vendor, and R&D optimization Capital Strategy • $20M raise completed in January 2026 • Operating burn structurally reduced (>60% vs. 2024) Balance Sheet & Legal De-Risking • All major litigation matte
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