Slide 1: 3Q 2023 Earnings Presentation
3Q 2023 EARNINGS PRESENTATION November 9, 2023 Nasdaq: LNZA A Carbon Recycling Company ©2023 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: Agenda / Table of Contents
3 Biorefining: CCT Plants AGENDA / TABLE OF CONTENTS Sections Presenters • Global production update. . . . . . . . . . . . . . . . . . . . . . . . Jennifer Holmgren, CEO • Commercial growth. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Jennifer Holmgren, CEO • Overview of 3Q 2023 financ
Slide 4: Global Production Update
GLOBAL PRODUCTION UPDATE Nasdaq: LNZA
Slide 5: Progress to Commercial-Scale Plants
5 PROGRESS TO 6 COMMERCIAL-SCALE PLANTS Total of 6 commercial-scale gas fermentation facilities operating at full-scale will bring cumulative annual nameplate capacity to +300,000 tonnes of ethanol Global Reach Diverse Feedstocks Unique Regulatory Regimes
Slide 6: LanzaJet Freedom Pines Fuels World's 1st Alcohol-to-Jet Plant
LANZAJET FREEDOM PINES FUELS WORLD’S 1ST ALCOHOL-TO-JET PLANT 6 The 10MGPY project¹ – LanzaJet Freedom Pines Fuels – is expected to commence operations in early 2024 1 Production capacity expected to be 10 million gallons of sustainable fuels per year – 9 million gallons of sustainable aviation fuel
Slide 7: Commercial Growth
COMMERCIAL GROWTH Nasdaq: LNZA
Slide 8: Strong Pipeline That Positions the Company for Continued Growth and Scale
8 STRONG PIPELINE THAT POSITIONS THE COMPANY FOR CONTINUED GROWTH AND SCALE ACTIVE CUSTOMER BIOREFINING PROJECT PIPELINE1 1 Biorefining project pipeline as of October 31, 2023; “Operating” category includes 5 commercial scale operating plants: 4 commercial scale operating plants in China and the Ind
Slide 9: 3Q CarbonSmart Launches
9 3Q CARBONSMART LAUNCHES See the plant-to- product process
Slide 10: Overview of 3Q Financial Results
OVERVIEW OF 3Q FINANCIAL RESULTS Nasdaq: LNZA
Slide 11: Overview of 3Q 2023 Financial Results
OVERVIEW OF 3Q 2023 FINANCIAL RESULTS 11 Summary Financial Results¹ Commentary Revenue: ▪ Revenue up 143% YoY in 3Q 2023, across all business lines. Biorefining revenue increased primarily from sales of engineering services indicating progression of projects through the pipeline. Gross Profit: ▪ Gro
Slide 12: Appendix: Additional Financial Information
APPENDIX: ADDITIONAL FINANCIAL INFORMATION Nasdaq: LNZA
Slide 13: Result of Operations – Three and Nine Months Ended September 30, 2023
13 RESULT OF OPERATIONS – THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023
Slide 14: Reconciliation of Net Loss to Adjusted EBITDA
14 RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA
Slide 15: Financial Information & Non-GAAP Financial Measures
FINANCIAL INFORMATION & NON-GAAP FINANCIAL MEASURES 15 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