Lanzatech Global, Inc. · NASDAQ:LNZA
Lanzatech Global — AMCI Acquisition Corp. II — SPAC Merger (January 2023)
58 slides from Lanzatech Global's SPAC merger presentation, Jan 25, 2023
Slide 1: Transforming Carbon. Making Products. Where does your carbon come from?
1 ©2023 LanzaTech, Inc. All rights reserved. Transforming Carbon. Making Products. Where does your carbon come from?
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 purpo ses only. This Presentation shall not constitute an offer to sell, or the solicitation
Slide 3: Forward-looking statements and use of projections
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 statement s. There may be additional risks that neither AMCI nor LanzaTech presently know or that AMCI and LanzaTech curr
Slide 4: 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 • Virtual F
Slide 5: Welcome & Speaker Introductions
Welcome & Speaker Introductions 5 Nimesh Patel Managing Director – AMCI Group CEO & Director – AMCI Acquisition Corp. II Zara Summers VP, Science – LanzaTech Julie Zarraga Executive VP, Engineering – LanzaTech Jennifer Holmgren CEO – LanzaTech Michael K ö pke VP, Synthetic Biology – LanzaTech Geoff
Slide 6: Opening Remarks from AMCI
Opening Remarks from AMCI 6 • 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 a
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 . . .
Slide 9: . . . to products
. . . to products
Slide 10: LanzaTech's Unique Transformation Process
LanzaTech’s Unique Transformation Process CLEAN UP COMPRESSION SEPARATION STORAGE FERMENTATION INDUSTRIAL OFF - GAS ELECTROLYSIS & DIRECT AIR CAPTURE FUELS MATERIALS PROTEIN AGRICULTURAL & MUNICIPAL WASTE GASIFICATION THE LANZATECH PROCESS
Slide 11: Operating at Commercial-Scale Since 2018
11 Operating at Commercial - Scale Since 2018
Slide 12: We Enable Commercial Production of Products People Want to Buy
PET Resin PET Fibers Polyethylene EVA Foams Glycols & Surfactants Purified Ethanol Sustainable Aviation Fuel We Enable Commercial Production of Products People Want to Buy 12
Slide 13: Being CarbonSmart
Being CarbonSmart ™ ~2 tons of CO 2 removed per ton of CarbonSmart TM product made¹ In a CarbonSmart TM world, carbon waste is transformed to nearly everything we use in our daily lives LanzaTech generates profitable ROIs for partners, accelerating adoption of CarbonSmart ™ Products with CarbonSmart
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 16 Water Ethylene Ethanol Jet Diesel Leveraging & Transitioning Existing Ethanol Supply 16 Drop - In Ready – ASTM Approved Industrial Off - Gas MSW Refinery Gas Biomass Biogas CO 2 +H 2
Slide 17: We Design and Engineer Commercial Scale Projects
17 We Design and Engineer C ommercial S cale P rojects
Slide 18: LanzaTech's engineering platform delivers commercial-scale plants
CONFIDENTIAL 18 LanzaTech’s engineering platform delivers commercial - scale plants
Slide 19: Global Plant Deployment – Projects in Operation, Construction, and Engineering
Global Plant Deployment – Projects in Operation, Construction, and Engineering Steel and Ferroalloy Gas MSW Refinery Gas Biomass Biogas 19 CO 2 +H 2 SAF Facility
Slide 20: With Experience Comes Repeatability, Speed, and Efficiency
20 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
Slide 21: Global Impact – Steel in the Ground
Global Impact – Steel in the Ground Steel and Ferroalloy Gas MSW Refinery Gas Biomass Biogas 21 SAF Facility
Slide 22: Commercial Plants in Continuous Operation
Commercial Plants in Continuous Operation >150kmta Capacity Across Commercial Scale Facilities 22 Shougang LanzaTech • Caofeidian , China • 1 st commercial plant (2018) Shougang JiYuan • NingXia, China • 2 nd commercial plant (2021) NingXia Binze • NingXia, China • 3 rd commercial plant (2022)
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 24 Sekisui 1/10 th Plant • Kuji City, Japan • Gasified Municipal Solid Waste (MSW) • Mechanical Completion (2022) – Commissioning Stage • Edmonton, Canada • Gasified Biomass • 2nd Generation Bioreactor • Mechanical Completion (2022) Sunc
Slide 25: Late-Stage Construction on Other Commercial Projects
Late - Stage Construction on Other Commercial Projects 25 ArcelorMittal Ghent • Ghent, Belgium • Steel Mill Off - Gas IndianOil Corporation • Panipat, India • Refinery Off - Gas Guizhou Jinze • Guizhou, China • Ferroalloy Off - Gas
Slide 26: Major LanzaJet Construction Milestone in December 2022
26 Major LanzaJet Construction Milestone in December 2022
Slide 27: Industrial Off-Gas Commercial Plants and Feedstock Platforms
Industrial Off - Gas 3 Commercial Plants in Operation 3 in Late - Stage Construction Gasified Solid Waste 1 1/10 th Commercial Scale Facility in Commissioning Gasified Biomass 1 Demonstration - Scale Plant CO 2 Direct Air Capture Future - Ready Platform to Utilize DAC
Slide 28: 28
28
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 30 World’s First Anaerobic Biofoundry Advanced AI & Modeling Rapid In Vitro Prototyping Platform Fermentation Fully Automated Engineering & Screening of Thousands of Anaerobic Gas Fermentation Strains Predictive & Low - Cost,
Slide 31: Fermentation Transforms Chaotic Inputs into Selective Outputs
31 Fermentation Transforms Chaotic Inputs into Selective Outputs Input: Steel Mill Gas 2 Input: Municipal Solid Waste 1 1 Köpke & Simpson (2020) Curr Opin Biotechnol 65: 180 - 189; 2 Fackler, […] Köpke (2021) Ann Rev Chem Biomol Eng 12: 439 - 470
Slide 32: LanzaTech's Fully Integrated, Multi-Scale Modelling Platform
32 LanzaTech’s Fully Integrated, Multi - Scale Modelling Platform
Slide 33: Rapid In Vitro Prototyping Platform to Inform Cellular Design
Rapid In Vitro Prototyping Platform to Inform Cellular Design 33 Source : Karim, et al (2020) Nature Chemical Biology 16: 912 – 919, Voegeli et al (2022) Nature Communications 13: 3058. Cell image credit:Justin Muir. Other images generated with Biorender.com. Enzymes (Parts) Biochemical Pathway (Eng
Slide 34: LanzaTech's World-First Anaerobic Biofoundry
Automated Strain Screening Automated Strain Construction Liquid Handling Colony Picking Incubation Testing Transformation 34 LanzaTech’s World - First Anaerobic Biofoundry Modular & Fully Integrated
Slide 35: Enabling Carbon-Negative Chemical Production from Industrial Gasses
CO 2 CO Ethanol Isopropanol Acetone Enabling Carbon - Negative Chemical Production from Industrial Gasses 35 Source: Liew, et al (2022) Nature Biotechnology 40: 335 – 344 Reprogrammed LanzaTech Biocatalyst Cell image credit: Justin Muir. Direct Production of Over 100 Chemicals Demonstrated
Slide 36: What Do You Want To Make Today?
36 What Do You Want To Make Today? Images generated with Biorender.com. “Hardware” “Software” Existing Commercial Plants Microbe 2.0 Isopropanol Microbe 3.0 Acetone etc ✓ Same process ✓ Same feedstock ✓ Same reactor DISRUPTION = 1) Rapid Reaction to Market Fluctuations 2) Feedstock ≠ Commodity New S
Slide 37: Providing Solutions To Industry Leaders Across Sectors
37 Providing Solutions To Industry Leaders Across Sectors Tailored Microbes for Specific Applications Images generated with Biorender.com. Fabrics Chemicals ✓ Same reactor ✓ Same feedstock ✓ Same process Materials Packaging Fragrances etc
Slide 38: Case Study: Continuous Ethylene Production from CO
Confidential Case Study: Continuous Ethylene Production from CO 2
Slide 39: Case Study: Ethylene via Ethanol Pathway
39 Ethanol Ethylene Case Study: Ethylene via Ethanol Pathway • Ethylene is a key building block for PE, MEG, EVA, and surfactants • LanzaTech’s CarbonSmart products are made via dehydration of ethanol to ethylene • Direct production reduces process cost and energy • Global ethylene market 1 : • 200
Slide 40: Lanzatech
— Lanzatech
Slide 41: Virtual Facilities Tour
Virtual Facilities Tour
Slide 42: Business Model Overview
Business Model Overview
Slide 43: Business Model
Business Model Integrated and Complementary Business Model Source: LanzaTech management Joint Development & Contract Research Licensing of CCT Technology CarbonSmart TM Marketing ◼ Leverages LanzaTech's synthetic biology, AI, and machine learning expertise to develop new products ◼ Expands addressab
Slide 44: Transformative Partnership with Brookfield
Transformative Partnership with Brookfield Source: LanzaTech management 44 ◼ Brookfield Framework Agreement unlocks sophisticated infrastructure capital to invest in projects and further validates the LanzaTech technology platform ◼ Capital - light solution providing much - needed supply for the mas
Slide 45: LanzaTech Unit Level Economics
LanzaTech Unit Level Economics ($ in millions) Source: LanzaTech management. P lant economics vary by region, size, feedstock, etc. The above is intended to be exemplary of the unit economics of plants that are currently being engineered or constructed ◼ Each carbon capture and transformation plant
Slide 46: Customer Unit Level Economics
Customer Unit Level Economics ◼ Plant economics vary by region, feedstock, and chosen product ◼ Economics are expected to be attractive for plant sponsor, exclusive of the benefit of carbon emission reductions ◼ Further upside to plant economics from: — Feedstock costs represent up to 40% of cost st
Slide 47: Closing Remarks
Closing Remarks
Slide 48: A Few Predictions
A Few Predictions 1895 1876 “Heavier - than - air flying machines are impossible” Lord Kelvin, President Royal Society 1943 1949 “I think there’s a world market for maybe five computers” Thomas Watson, Chairman IBM “Computer in the future may weigh no more than 1.5 tons” Popular Mechanics forecastin
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 2000 1992 Gas fermentation of CO/H 2 is inherently mass transfer limited, preventing commercial use 2009 2016 Gas fermenting acetogens are genetically inaccessible The complexity of working with anaerobic acetogens is too high for high - throughput engineering to
Slide 51: Integration is at the core of what we do at LanzaTech
CONFIDENTIAL 51 Integration is at the core of what we do at LanzaTech
Slide 52: We harness biology
We h arness 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
54 We Design and Engineer C ommercial S cale P rojects
Slide 55: Our success leverages world-class acumen finance, legal, commercial, and operations
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
CONFIDENTIAL 56 We are on a journey to change the way products are made
Slide 57: Join Us on This Journey
Join Us on This Journey 57 World Class Partners Making Commercial Products 3 Commercial Plants In Continuous Operation >47 Million Gallons of Ethanol Produced >365 Global Employees Top Tier Talent
Slide 58: Where does your carbon come from?
Where does your carbon come from? PRESENTATION TRANSCRIPT AMCI Analyst Day Presentation January 24, 2023 Omar El-Sharkawy: Welcome everyone. My name is Omar El-Sharkawy. I'm the VP of Corporate Development at LanzaTech and we're so excited that you've been able to join us today. And thank you for sp
AMCI Acquisition Corp. II — SPAC Merger (January 2023) on 6ix