Slide 1: Fourth Quarter and Full Year 2011 Earnings Call, February 28, 2012
Exhibit 99.2 Fourth Quarter Earnings February Call 28, 2012 and Full Year 2011
Slide 2: Safe Harbor Statement
Safe Certain but production competitiveness addressable residues feedstocks; on statements. events Although expressed December This Company. neither the not Harbor presentation basis or an limited statements and otherwise. we or in offer 31, facilities; All the markets, of Statement other these impl
Slide 3: Agenda
CallQ&A Corporate ??Review ??Other ¡±? Review Summary Agenda corporate of Overview ofprogress and Financial 2012 developments (Dr. inObjectives Highlights strategic Patrick Gruber, verticals (Dr. (Mark Patrick CEO) Smith, Gruber, CFO) CEO)
Slide 4: Gevo Commercialization Strategy
Gevo Commercialization Remain isobutanol on in track the to first deliver halfStrategy of first thiscommercially year produced
Slide 5: Gevo's Strategic Verticals: Six Primary Market Opportunities
Gevo strategic 1. 2. 3. 4. 5. 6. C4sis Bio-PET Specialty Bio-JET Renewable Commercialization –focused or verticals: Butenes Chemicals fuel hydrocarbons on blendstocks six primary Strategy market opportunities or
Slide 6: Specialty Chemicals Market Overview
Specialty First rate ¡±? Also We ~$7B High greater commercial estimate includes purity Chemicals total thanaddressable isobutanol ~half 35 market other million Overview the specialty addressed global for market gallons paint, market applications and by per solvents Gevo currently year opportunity an
Slide 7: Specialty Chemicals: Lead Customer Sasol
Specialty Sasol, lead ??In ??Once $0.80/gallon ??True ??Currently this ¡±? ??For producers Ongoing year August customer lighter adrop-in/exact fully $32 Chemicals on 2011, billion and discussions lined fluid, for track indexed specialty announced out, isobutyl global Target for replacement plant ant
Slide 8: C4s – Butenes Market Overview
C4sVery Made ??~$8B 100 ??We ¡±? MMA, Intermediates Market million – estimate from Butenes synthetic total diverse opportunities renewable gallons addressable ~ Overview half number rubber, per the isobutanol year and global of include market applications other market currently isobutylene, butene-b
Slide 9: C4s – Lead Customer LANXESS
C4s –customer Lead ??10-year ??Recently ??Off-take risk/reward ??True Butenes: drop-in/exact supply agreements expanded for is both LANXESS LANXESS, agreement parties replacement relationship contemplate Relationship inthe place world’s chemical toainclude feedstock-based largest Southeast synthetic
Slide 10: Bio-PET Market Overview
Bio-PET Enabling ??Estimated ??Very packaging ¡±? Chains Driver diverse Overview technology to is $100B brand carpet number owners total and is of bio-based apparel addressable applications desirefibers para-xylene to “green” market from plastic their (PX)supply bottles and food
Slide 11: Bio-PET: Lead Customers Coca-Cola and Toray
Bio-PET Coca-Cola ??Landmark ??Estimated owners by ??Goal ??One 2020 ??The ??True ¡±? critical ??2011 PET 2020 Toray, films first of drop-in/exact in of demonstrated Target two developing all aand is phase world 1.7 agreement plastic our companies fibers Customers billion lead ofleader development p
Slide 12: Specialty Fuel Blendstocks Market Overview
Specialty Estimated ??Need blendstocks ??Energy ??There ??Refiners ??”Buy ??Analyzing simply ??Gevo ¡±? “advanced” ??Considerable $1 per Would Upside gallon speculating for vs. has are Fuel security $80B be are produce” opportunity asubmitted status many opportunity better of first obligated Blendst
Slide 13: Fuel Blendstocks: Lead Customer Mansfield
Lead Mansfield ??Fuel to ??In initially ¡±? fuel ??Fourth ??Continues ??Focused Reformulated fuel Total August Specialty services distribution focus largest Oil on2011, toblending Gasoline on Fuel be nationwide oil niche an announced company company Blendstocks important markets isobutanol fuelfrom
Slide 14: Specialty Fuel Blendstock Validation
Specialty Fuel ??National Yacht ??Outdoor isobutanol ¡±? results blend Two Tests opportunity stock Council demonstrated independent were Fuel vs. blends Power Marine ethanol Blendstock conducted supported Equipment inManufacturers small the tests forvaluable on the engines Validation demonstrating b
Slide 15: Bio-JET Market Overview
Bio-JET We ??Reduce potential ??Large Department ??Desire ??Energy airlines commissioned ??Producing Air ¡±? 2013 ASTM believe Gevo Forcemilitary Fuel to completed security dependence certification this lower of demonstration Overview our Defense’s vertical market: emissions Silsbee, construction on
Slide 16: World's Largest ATJ Facility
World’s Largest ATJ Facility
Slide 17: Bio-JET: U.S. Air Force and Lufthansa Customers
Bio-JET U.S. ??Initial ??Delivering ??Look ??Exchanging ??Anticipate ¡±? United In Air discussions forward purchase Force Target Air utilizing initial terms Lines isCustomers toour order with flight quantities LOI lead cellulosic multiple received testing customer feedstock this air latecarriers yea
Slide 18: Renewable Hydrocarbons Applications Overview
Renewable Applications: ??Renewable ??Other ??Known ??Not oil ¡±? of oil industry Currently Have Ultimately, blends, renewable engaged pathway Hydrocarbons consultants gasoline diesel analyzing but ouractual key from fuels objective stakeholders this isobutanol replacements including Overview opport
Slide 19: Other Important Corporate Developments: Animal Feed
Other Animal ??Primary ??Expect ??Enhanced marketing ??Covers ??Purina ??Will ¡±? potentially In Important Slaney Signed January work Feed will to our agreement processor covers & non-binding capture value together iDGs™ be Black 2012, Corporate exclusive ~70% = 100% –lower we to with produced “job
Slide 20: Several Accomplishments in Intellectual Property
Several September High Dehydratase Amino December Dihydroxy Chemicals, January Aqueous ??U.S. Recently Producing Patent) ¡±? GIFTTM Covers Foundational New, Yield” Patent Acids” Accomplishments 2012 Solutions” man-made Target 2011 2011 Acid propanols, and (PDC Activity separation No. (AFT Amino Dehy
Slide 21: 4Q11 Financial Results
4Q11 For Cash (unaudited) 912/31/11 Income Revenues C (28,890,000 (8,889,000) SG&A (19,753,000) (5,938,000) R&D 3,961,000 1,703,000 margin Gross )N (60,588,000 (15,526,000) $Net –bShares 22,909,916 26,005,744 diluted and 4,225,000 asic OGS et 17,229,000 64,549,000 (14,160,000) (48,214,000) (0.54) (2
Slide 22: 2012 Goals
2012 ??Start-up Luverne contract ??By ??Will ??Detailed ??Anticipate in ??Optimize expected ¡±? these 2013 Redfield Based Goals year two give into plants on end, July engineering take for more Redfield delivering we construction current track we Commercial are can ~specific 12 expect expected get ba
Slide 23: Gevo
% gevo