Aemetis, Inc · NASDAQ:AMTX
Aemetis — Investor Presentation (March 2014)
23 slides from Aemetis's investor presentation, March 2014
Slide 1: The Aemetis Biorefinery
The Aemetis Biorefinery Advanced Renewable Fuels and Chemicals Produced by Conversion of Existing Biofuels Facilities March 2014
Slide 2: Disclaimer
Disclaimer Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or event
Slide 3: Agenda
Agenda Introduction Background Recent / Future Developments Team Value Proposition
Slide 4: Key Highlights: Aemetis, Inc.
Key Highlights: Aemetis, Inc. • Founded in 2006 with headquarters in Cupertino, California • Largest biofuels producer in California; Largest US biofuels producer in Asia • Owns/Operates 115 mgy renewable fuels and chemicals plants in US and India o Acquired Cilion, Inc. 60 mgy ethanol plant in Keye
Slide 5: Key Company Milestones Timeline
Key Company Milestones Timeline February 2007 US: Acquired Energy Enzymes - former Department of Energy funded enzyme technology for enzyme production and integration November 2008 India: Built and commissioned 50 MGY advanced biofuels plant in Kakinada, India Mid-2009 India: Obtained permits to sel
Slide 6: Biofuels Industry - Ethanol
Biofuels Industry - Ethanol • Large Gasoline Market: 130 billion gallon gasoline market per year in US • Ethanol Market: 14 billion gallons per year in US generates $40 billion revenues • Capacity: 210 plants cost about $28 billion to construct • Lowers Cost of Gasoline by up to $1.09 per Gallon: Re
Slide 7: Biofuels Industry - Biodiesel
Biofuels Industry - Biodiesel • Large Diesel Market: 50 billion gallon per year diesel market in US • Biodiesel Capacity: About 2 billion gallons per year of US biodiesel production capacity generates about $8 billion of annual revenues • High Cost of Vegetable Oil Feedstock • Soy oil process (major
Slide 8: Agenda
Agenda Introduction Background Recent / Future Developments Team Value Proposition
Slide 9: Facility Overview
Facility Overview 60 mgy Ethanol Plant - Modesto, CA • Original Build Cost $132 million in 2008 o Also $15 million (cost ) for extra equipment • Aemetis acquired 100% in July 2012 o $15 million cash o 11% of Aemetis common stock • Operating at 120% of nameplate capacity • 420,000 tons of animal feed
Slide 10: California 60 MGY Ethanol & DDG Plant
California 60 MGY Ethanol & DDG Plant
Slide 11: India 50 MGY Biodiesel & Glycerin Plant
India 50India MGY Plant Biodiesel & Glycerin Plant Pictures
Slide 12: Plant Upgrade Strategy
Plant Upgrade Strategy • Aemetis upgrades ethanol and biodiesel plants with advanced technology, feedstocks and new processes to produce advanced biofuels products o Demonstrate upgrades at Aemetis plants, then acquire or joint venture with existing biofuels facilities to deploy technology • Aemetis
Slide 13: Upgrade Gen 1 to Advanced Biofuels
Upgrade Gen 1 to Advanced Biofuels • Larger Markets: o Advanced Ethanol = 16 billion gallon market by 2022 = $50 billion, larger market than Gen1 o Advanced Biodiesel from cellulose/other sugars = 10 billion gallons = $40 billion new market • Lower Capital Costs: o Acquire plants or JV with existing
Slide 14: Improved Profitability
Improved Profitability Aemetis Technology Projected to Significantly Increase Profitability Existing Biofuels Plants D4 Advanced BioDiesel (Cellulose/Sugar) D5 Advanced Ethanol (Milo) D6 Traditional Ethanol (Corn) G2 G1 $0.50 per Gallon $0.70 per Gallon $1.50+ per Gallon D5 Advanced Biofuels using M
Slide 15: Lower Carbon Fuels
Lower Carbon Fuels Aemetis Technology Projected to Significantly Reduce Carbon Content of Biofuels Traditional Ethanol - Corn Advanced Biofuel - Milo G1 G2 Advanced Biofuel – AgWaste/Sugars 80 Carbon Units 46 Carbon Units <30 Carbon Units 17% reduction in Carbon Intensity vs. Gasoline 52% reduction
Slide 16: Agenda
Agenda Introduction Background Recent / Future Developments Team Value Proposition
Slide 17: Recent Favorable Policies
Recent Favorable Policies • August 2013: EPA approved Aemetis California 60 mgy ethanol plant as Advanced Biofuels facility – First plant in US o Corn Milo (grain sorghum) • Keyes plant advantage: Located 40 miles from deep water Pacific port in Stockton = import less expensive milo from Argentina
Slide 18: Agenda
Agenda Introduction Background Recent / Future Developments Team Value Proposition
Slide 19: Board of Directors
Board of Directors • Eric McAfee, Chairman and CEO, Founder o Founder of Aemetis in 2006; Pacific Ethanol (Nasdaq: PEIX); Evolution Petroleum (NYSE: EPM); Procera Networks (Nasdaq: PKT); founded biofuels companies that produce more than $1 billion per year of annual revenues o GlobalScot appointed b
Slide 20: Senior Management Team
Senior Management Team • Eric McAfee, Chairman and CEO • Andy Foster, President, AE Advanced Fuels o Eight years in biofuels industry with Aemetis o Extensive high tech/govt background, including White House and Governor staff • Sanjeev Gupta, Managing Director, Universal Biofuels (India) o Seven ye
Slide 21: Agenda
Agenda Introduction Background Recent / Future Developments Team Value Proposition
Slide 22: Aemetis Value Proposition
Aemetis Value Proposition Strong positive cash flow from $180 million biofuels/biochemicals revenues Operating plants in California and India cost $165 million to construct/upgrade Patented technology to produce advanced fuels by upgrading facilities High efficiency production with significa
Slide 23: Advanced Renewable Fuels and Chemicals Produced by Conversion of Existing Biofuels Facilities
Advanced Renewable Fuels and Chemicals Produced by Conversion of Existing Biofuels Facilities www.aemetis.com