Slide 1: 1Q 2024 Earnings Presentation
1Q 2024 EARNINGS PRESENTATION May 9, 2024 Nasdaq: LNZA A Carbon Recycling Company ©2024 LanzaTech Inc. All rights reserved.
Slide 2: 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 reflecting management’s current beliefs and expectations. I
Slide 3: Financial Information & Non-GAAP Financial Measures
FINANCIAL INFORMATION & NON-GAAP FINANCIAL MEASURES 3 To supplement our financial statements presented in accordance with US GAAP and to provide investors with additional information regarding our financial results, we have presented adjusted EBITDA, a non- GAAP financial measure. Adjusted EBITDA is
Slide 4: Agenda / Table of Contents
4 Biorefining: CCT Plants AGENDA / TABLE OF CONTENTS Sections Presenter • 1Q 2024 Highlights. . . . . . . . . . . . . . . . . . . . . . . . . . . Jennifer Holmgren, CEO • Project SECURE Overview. . . . . . . . . . . . . . . . . . . . . . Jennifer Holmgren, CEO • Sustainable Aviation Fuel Updates. .
Slide 5: 1Q 2024 Highlights
5 1Q 2024 HIGHLIGHTS 1 | Financials in-line with internal forecast & guidance 2 | $200M for Project SECURE 3 | SAF milestones 4 | Commercial pipeline growth 5 | Reaffirming 2024 guidance • Revenue: $10.2M • Gross margin: 34% • Gross profit: $3.5M • Funding from U.S. Dept. of Energy for commercial et
Slide 6: Project SECURE
6 PROJECT SECURE Project SECURE selected by U.S. DOE to receive $200 million grant • Project SECURE is a demonstration of carbon capture and utilization at work, leveraging LanzaTech’s and Technip Energies’ transformational technologies to produce sustainable ethylene from captured CO2 emissions • S
Slide 7: Recent Sustainable Aviation Fuel (SAF) Milestones
FREEDOM PINES FUELS: WORLD’S 1ST ETHANOL-TO-JET SAF PRODUCTION FACILITY 7 RECENT SUSTAINABLE AVIATION FUEL (SAF) MILESTONES LANZAJET IN PROCESS TO RAISE ~$100 MILLION OF INVESTMENT CAPITAL VERSATILE AND SCALABLE INTEGRATED SOLUTION • Using LanzaTech’s platform, just about any source of waste or poll
Slide 8: Strong Pipeline Positions Company for Continued Growth and Scale
8 STRONG PIPELINE THAT POSITIONS THE COMPANY FOR CONTINUED GROWTH AND SCALE ACTIVE BIOREFINING CUSTOMER PROJECT PIPELINE1 1 As of April 24, 2024. LanzaJet Freedom Pines Fuels removed from the pipeline depiction and will be tracked separately 16% 42% 22% 15% 5% Gasified MSW Industrial Off Gas Other G
Slide 9: Overview of 1Q 2024 Financial Results
OVERVIEW OF 1Q 2024 FINANCIAL RESULTS Nasdaq: LNZA
Slide 10: Overview of 1Q 2024 Financial Results: Summary
OVERVIEW OF 1Q 2024 FINANCIAL RESULTS 10 SUMMARY FINANCIAL RESULTS¹ COMMENTARY Revenue: ▪ Revenue increased 6% YoY in 1Q 2024, in-line with forecast to $10.2 million. Revenue growth YoY in JDA & Contract Research and CarbonSmart. Biorefining revenue decreased YoY in 1Q 2024 as anticipated but saw st
Slide 11: 2024 Guidance Reiteration
11 2024 GUIDANCE REITERATION REVENUE GUIDANCE: $90M - $105M ADJUSTED EBITDA GUIDANCE: $(65)M - $(55)M
Slide 12: Appendix: Additional Financial Information
APPENDIX: ADDITIONAL FINANCIAL INFORMATION Nasdaq: LNZA
Slide 13: Result of Operations – Three Months Ended March 31, 2024
13 RESULT OF OPERATIONS – THREE MONTHS ENDED MARCH 31, 2024
Slide 14: Reconciliation of Net Loss to Adjusted EBITDA
14 RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA