LanzaTech Global, Inc. · NASDAQ:LNZA
LanzaTech Global — Investor Day (January 2023)
58 slides from LanzaTech Global's investor day presentation, January 2023
Slide 1: Transforming Carbon. Making Products.
Transforming Carbon. Making Products. Where does your carbon come from? ©2023 LanzaTech, Inc. All rights1 reserved.
Slide 2: Disclaimer
Disclaimer The Presentation (Together with Oral Statements Made in Connection Herewith) This presentation (together with oral statements made in connection herewith, this "Presentation”) is for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation
Slide 3: Disclaimer
Disclaimer The Presentation (Together with Oral Statements Made in Connection Herewith) If any of these risks materialize or AMCI‘s or LanzaTech's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional
Slide 4: Agenda
Agenda • Welcome & Speaker Introductions Omar El-Sharkawy • Opening Remarks from AMCI Nimesh Patel • Presentation: Part 1 o LanzaTech Company Mission & Overview Jennifer Holmgren o Commercial Scale Platform Julie Zarraga o Synthetic Biology & Science Capabilities Zara Summers & Michael Köpke • Virtu
Slide 5: Welcome & Speaker Introductions
Welcome & Speaker Introductions Jennifer Holmgren Julie Zarraga Zara Summers Michael Köpke CEO – LanzaTech Executive VP, Engineering – LanzaTech VP, Science – LanzaTech VP, Synthetic Biology – LanzaTech Geoff Trukenbrod Omar El-Sharkawy Nimesh Patel CFO – LanzaTech VP, Corporate Development– LanzaTe
Slide 6: Opening Remarks from AMCI
Opening Remarks from AMCI • AMCI is a $2 billion privately held global industrial holding company with a portfolio of businesses that has operated in the heavy industry value chain for the last 35 years. • The heavy industry complex has finally recognized the need to decarbonize their operations and
Slide 7: LanzaTech Captures Carbon and Transforms It Into Sustainable Products
LanzaTech Captures Carbon and Transforms It Into Sustainable Products 7
Slide 8: From waste...
From waste... oss
Slide 9: . . . to products
. . . to products
Slide 10: LanzaTech's Unique Transformation Process
LanzaTech’s Unique Transformation Process THE LANZATECH PROCESS FERMENTATION FUELS STORAGE PROTEIN ELECTROLYSIS & INDUSTRIAL AGRICULTURAL DIRECT OFF-GAS & MUNICIPAL GASIFICATION COMPRESSION CLEAN UP SEPARATION AIR CAPTURE WASTE MATERIALS
Slide 11: Operating at Commercial-Scale Since 2018
Operating at Commercial- Scale Since 2018 11
Slide 12: We Enable Commercial Production of Products People Want to Buy
We Enable Commercial Production of Products People Want to Buy Purified Ethanol PET Fibers PET Resin Polyethylene EVA Foams Sustainable Aviation Fuel Glycols & Surfactants 12
Slide 13: Being CarbonSmart
Being CarbonSmart™ In a CarbonSmartTM world, carbon waste is transformed to nearly everything we use in our daily lives LanzaTech generates profitable ROIs for ~2 tons partners, accelerating adoption of CarbonSmart™ of CO2 removed per ton Products with CarbonSmart™ of CarbonSmartTM product made¹ $1T
Slide 14: We produce chemicals for everyday products
We produce chemicals for everyday products
Slide 15: We produce SAF through the LanzaJet platform
We produce SAF through the LanzaJet platform
Slide 16: LanzaJet Turns Carbon Waste to Sustainable Aviation Fuels
LanzaJet Turns Carbon Waste to Sustainable Aviation Fuels Leveraging & Transitioning Existing Ethanol Supply Ethanol Industrial Off-Gas MSW Ethylene Jet Biomass Refinery Gas Diesel CO2 +H2 Biogas Water Drop-In Ready – ASTM Approved 16 16
Slide 17: We Design and Engineer Commercial Scale Projects
We Design and Engineer Commercial Scale Projects 17
Slide 18: LanzaTech's engineering platform delivers commercial-scale plants
LanzaTech’s engineering platform delivers commercial-scale plants CONFIDENTIAL 18
Slide 19: Global Plant Deployment – Projects in Operation, Construction, and Engineering
Global Plant Deployment – Projects in Operation, Construction, and Engineering Steel and MSW Refinery Biomass Biogas CO2 +H2 SAF Facility Ferroalloy Gas Gas 19
Slide 20: With Experience Comes Repeatability, Speed, and Efficiency
With Experience Comes Repeatability, Speed, and Efficiency Knowledge Institutionalized • Design package standardized & templated • QA/QC program & work processes at ISO-9000 level • Industry-standard engineering work products Leveraging Best Practices • Firm scope definition and establishment of des
Slide 21: Global Impact – Steel in the Ground
Global Impact – Steel in the Ground Steel and MSW Refinery Biomass Biogas SAF Facility Ferroalloy Gas Gas 21
Slide 22: Commercial Plants in Continuous Operation
Commercial Plants in Continuous Operation >150kmta Capacity Across Commercial Scale Facilities Shougang LanzaTech Shougang JiYuan NingXia Binze • Caofeidian, China • NingXia, China • NingXia, China • 1st commercial plant (2018) • 2nd commercial plant (2021) • 3rd commercial plant (2022) 22
Slide 23: >240,000 tons of carbon dioxide avoided
>240,000 tons of carbon dioxide avoided Source: LanzaTech management, production figures of 3 commercial-scale operating plants through December 2022
Slide 24: Demonstration-Scale Plants Support Use of Diverse Feedstocks
Demonstration-Scale Plants Support Use of Diverse Feedstocks Sekisui 1/10th Plant Suncor Energies • Kuji City, Japan • Gasified Municipal Solid Waste (MSW) • Mechanical Completion (2022) – Commissioning Stage • Edmonton, Canada • Gasified Biomass • 2nd Generation Bioreactor Sekisui pilot-scale plant
Slide 25: Late-Stage Construction on Other Commercial Projects
Late-Stage Construction on Other Commercial Projects ArcelorMittal Ghent IndianOil Corporation Guizhou Jinze • Ghent, Belgium • Panipat, India • Guizhou, China • Steel Mill Off-Gas • Refinery Off-Gas • Ferroalloy Off-Gas 25
Slide 26: Major LanzaJet Construction Milestone in December 2022
Major LanzaJet Construction Milestone in December 2022 26
Slide 27: Plants in Operation, Commissioning and Late-Stage Construction
Gasified Solid Waste Industrial Off-Gas 1 1/10th Commercial Scale Facility 3 Commercial Plants in Operation in Commissioning 3 in Late-Stage Construction Gasified Biomass CO2 Direct Air Capture 1 Demonstration-Scale Plant Future-Ready Platform to Utilize DAC
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Slide 29: We Harness Biology
We Harness Biology
Slide 30: LanzaTech is at the Cutting Edge Across Multiple Capabilities & Processes
LanzaTech is at the Cutting Edge Across Multiple Capabilities & Processes World’s First Fermentation Anaerobic Biofoundry Benchtop & Pilot Scale Fully Automated Gas-Fed Reactors with Engineering & Screening of Integrated Analytics & Thousands of Anaerobic Data Collection Gas Fermentation Strains Glo
Slide 31: Fermentation Transforms Chaotic Inputs into Selective Outputs
Fermentation Transforms Chaotic Inputs into Selective Outputs Input: Municipal Solid Waste1 Input: Steel Mill Gas2 1Köpke & Simpson (2020) Curr Opin Biotechnol 65: 180-189; 2Fackler, […] Köpke (2021) Ann Rev Chem Biomol Eng 12: 439-470 31
Slide 32: LanzaTech's Fully Integrated, Multi-Scale Modelling Platform
LanzaTech’s Fully Integrated, Multi-Scale Modelling Platform 32
Slide 33: Rapid In Vitro Prototyping Platform to Inform Cellular Design
Rapid In Vitro Prototyping Platform to Inform Cellular Design Example Pathway: Butanol (4 steps x 6 enzymes x 6 levels = >800,000 combinations) Relative Score Enzymes (Parts) Cell-Free Mix & Match Enzymes Synthetic Biology Correlation In Vitro to Cells Rapid prototyping of Biochemical optimal enzyme
Slide 34: LanzaTech's World-First Anaerobic Biofoundry
LanzaTech’s World-First Anaerobic Biofoundry Modular & Fully Integrated Automated Strain Construction Automated Strain Screening Incubation Transformation Testing Colony Liquid Picking Handling 34
Slide 35: Enabling Carbon-Negative Chemical Production from Industrial Gasses
Enabling Carbon-Negative Chemical Production from Industrial Gasses Reprogrammed LanzaTech Acetone Biocatalyst CO2 CO Ethanol Isopropanol Direct Production of Over 100 Chemicals Demonstrated Source: Liew, et al (2022) Nature Biotechnology 40: 335–344 Cell image credit: Justin Muir. 35
Slide 36: What Do You Want To Make Today?
What Do You Want To Make Today? “Hardware” “Software” Existing Commercial Plants New Strains To Expand Product Portfolio & Efficiency Microbe 1.0 Ethanol Microbe 2.0 Microbe 3.0 Microbe 4.0 etc Isopropanol Acetone MEG ✓ Same reactor ✓ Same feedstock ✓ Same process DISRUPTION = 1) Rapid Reaction to M
Slide 37: Providing Solutions To Industry Leaders Across Sectors
Providing Solutions To Industry Leaders Across Sectors Tailored Microbes for Specific Applications Chemicals Materials Packaging Fragrances Fabrics ✓ Same reactor ✓ Same feedstock ✓ Same process etc 37 Images generated with Biorender.com.
Slide 38: Case Study: Continuous Ethylene Production from CO2
Case Study: Continuous Ethylene Production from CO2 Confidential
Slide 39: Case Study: Ethylene via Ethanol Pathway
Case Study: Ethylene via Ethanol Pathway • Ethylene is a key building block Ethanol for PE, MEG, EVA, and surfactants • LanzaTech’s CarbonSmart products are made via dehydration of ethanol to ethylene Ethylene • Direct production reduces process cost and energy • Global ethylene market1: • 200 MTA i
Slide 40: LanzaTech
~ a o ——= Lanzatech
Slide 41: Virtual Facilities Tour
Virtual Facilities Tour
Slide 42: Business Model Overview
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Slide 43: Business Model
Business Model Integrated and Complementary Business Model Licensing of CCT Technology ◼ Combination of one-time and recurring revenues to deploy LanzaTech carbon capture and transformation (CCT) Joint Development & plants Contract Research Joint ◼ One-time revenues - equipment, ◼ Leverages LanzaTec
Slide 44: Transformative Partnership with Brookfield
Transformative Partnership with Brookfield ◼ Brookfield Framework Agreement unlocks sophisticated infrastructure capital to invest in projects and further validates the LanzaTech technology platform Brookfield Partnership Revolutionizes ◼ Capital-light solution providing much-needed supply for the L
Slide 45: LanzaTech Unit Level Economics
LanzaTech Unit Level Economics One-Time Revenue / EBITDA ($ in millions) Recurring Revenue / EBITDA ◼ Each carbon capture and transformation plant generates a combination of both one-time and recurring cash flows to LanzaTech — One-Time Cash Flows: Engineering Services, Startup Services, and Equipme
Slide 46: Customer Unit Level Economics
Customer Unit Level Economics Expected Carbon Transformation Plant Economics ◼ Plant economics vary by region, feedstock, and chosen product Plant Level Data Production (mtpa / million gpy) 50,000 / 16.7 Potential avoided ◼ Economics are expected to be attractive for cost of $10mm plant sponsor, exc
Slide 47: Closing Remarks
Closing Remarks Mint =
Slide 48: A Few Predictions
A Few Predictions “That’s an amazing invention, but who would ever want to use one of them?” 1876 President Rutherford B. Hayes to Alexander Graham Bell “Heavier-than-air flying machines are impossible” 1895 Lord Kelvin, President Royal Society “I think there’s a world market for maybe five computer
Slide 49: Predictions are simply extrapolations of the past
Predictions are simply extrapolations of the past… …innovation expands the ‘art of the possible’ …today’s ‘unimaginable’ is tomorrow’s ‘conventional wisdom’
Slide 50: Busted Myths About Gas Fermentation
Busted Myths About Gas Fermentation 1992 All gas fermenting acetogens make acetate as their sole product 2000 Gas fermentation of CO/H2 is inherently mass transfer limited, preventing commercial use 2009 Gas fermenting acetogens are genetically inaccessible The complexity of working with anaerobic a
Slide 51: Integration
Integration is at the core of what we do at LanzaTech CONFIDENTIAL 51
Slide 52: We harness biology
We harness biology CONFIDENTIAL
Slide 53: We produce chemicals for everyday products
We produce chemicals for everyday products
Slide 54: We Design and Engineer Commercial Scale Projects
We Design and Engineer Commercial Scale Projects 54
Slide 55: Our success leverages world-class acumen
Our success leverages world-class acumen finance, legal, commercial, and operations
Slide 56: We are on a journey to change the way products are made
We are on a journey to change the way products are made CONFIDENTIAL 56
Slide 57: Join Us on This Journey
Join Us on This Journey >47 Million Gallons 3 Commercial Plants of Ethanol Produced In Continuous Operation World Class Partners Making >365 Global Employees Commercial Products Top Tier Talent 57
Slide 58: Where does your carbon come from?
Where does your carbon come from?