Xcf Global, Inc. · NASDAQ:SAFX
Xcf Global — Investor Presentation (May 2026)
46 slides from Xcf Global's investor presentation, May 2026
Slide 1: Flying Clean with Sustainable Aviation Fuel
FLYING CLEAN WITH SUSTAINABLE AVIATION FUEL Investor Presentation / May 2026 Email: ir@xcf.global NASDAQ: SAFX
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation and any accompanying oral presentation (this “Presentation”) is provided for information purposes only. This Presentation is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities in any jurisdiction nor shall
Slide 3: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This Presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by termin
Slide 4: Table of Contents
Table of Contents Table of 1. Executive Summary Contents 2. Understanding Sustainable Aviation Fuel • Domestic Energy Resilience • Emissions Reduction 3. Company Overview 4. Financial Snapshot 4
Slide 5: Mission
Mission Mission To deliver reliable, scalable sustainable aviation and other renewable fuels through operational excellence, flexible waste and residue-based feedstocks, and modular infrastructure, that strengthens domestic energy resilience and enables our customers' efforts to reduce emissions, wh
Slide 6: Key Takeaways
Key Takeaways Key Takeaways 1. SAF delivers near term domestic energy resilience and lower emissions • Strengthens domestic fuel supply by converting local waste feedstocks into jet fuel • Aligns with federal energy security and policy tailwinds • A "drop-in" solution that reduces global greenhouse
Slide 7: XCF Leadership Team
XCF Leadership Team Executive Management Non-Executive Directors Chris Cooper Wray Thorn Chief Executive Officer, Interim Board Chair Executive Director Founder – Focus Impact Partners Harvey Schnitzer Si-Yeon Kim Chief Financial Officer Chairperson Nominating and Corporate Governance Committee, Aud
Slide 8: Executive Summary
Executive Summary Executive Summary
Slide 9: XCF Global Today & Future Development Potential
XCF Global Today & Future Development Potential Building Domestic Energy Resilience & Reducing Emissions Site 1 – New Rise Reno Site 2 – New Rise Reno 2 Development • Long-term agreement • Adjacent site ready to be Opportunity– Wilson, tolling opportunity: developed for SAF NC and Fort Myers, FL − P
Slide 10: Scaling a Global Renewable Fuels Platform: Three Pillars for Growth
Scaling a Global Renewable Fuels Platform: Three Pillars for Growth Scaling a Global Renewable Fuels Platform: Three Pillars for Growth Domestic Growth International Expansion Consolidation & Leadership • New Rise Reno Blueprint: • Licensing Model: • Economies of Scale: scalable, capital-efficient m
Slide 11: XCF is Ahead of its Competition
XCF is Ahead of its Competition XCF is Ahead of its Competition XCF holds a strategic early-mover advantage, with a production facility in Reno, Nevada, and a modular site design, configuration, and layout that can be replicated across the globe. SkyNRG Calumet Gevo DG Fuels Northwest XCF successful
Slide 12: Investing in Domestic Alternative Energy for Security and Emissions Reduction
Investing in Domestic Alternative Energy for Security and Emissions Reduction Investing in Domestic Alternative Energy for Security and Emissions Reduction Strong Regulatory and Market Tailwinds for Sustainable Fuels Unique Investment Opportunity: One of the Few Publicly-Traded Renewable • Robust de
Slide 13: Understanding Sustainable Aviation Fuel
Understanding Sustainable Aviation Fuel Understanding Sustainable Aviation Fuel
Slide 14: What is Sustainable Aviation Fuel?
What is Sustainable Aviation Fuel? What is Sustainable Aviation Fuel? Traditional Jet Fuel SAF SAF is a renewable, low-carbon alternative to traditional jet fuel designed to work seamlessly in existing aircraft Waste- and Sources Crude oil & engines and fuel infrastructure. fossil fuel residue-based
Slide 15: A Drop in Fuel: From Waste to Wingtip
A Drop in Fuel: From Waste to Wingtip A Drop in Fuel: From Waste to Wingtip Used Household Waste CO 2 cooking oil waste oils capture From waste to wingtip – Fuel is delivered the production journey Feedstock is collected – such as to airport and into wing. 4 1 household waste or waste oils. for sust
Slide 16: Delivering on Domestic Energy Resilience
Delivering on Domestic Energy Resilience Geopolitical shocks have massively increased price risk for jet fuel and marine fuels, creating a new risk premium for every business dependent on conventional fuel NEED FOR ENERGY INDEPENDENCE & SECURITY NEED FOR ENERGY INDEPENDENCE & SECURITY $5.0 $1,100.0
Slide 17: Reducing Emissions - Solution to Decarbonizing the Aviation Industry
Reducing Emissions - Solution to Decarbonizing the Aviation Industry Reducing Emissions - Solution to Decarbonizing the Aviation Industry SAF is the most effective near- term solution to decarbonize aviation because it works as a drop-in replacement for conventional jet fuel; no changes to existing
Slide 18: Company Overview
Company Overview Company Overview
Slide 19: New Rise Reno: Flagship Site for Domestic Growth
New Rise Reno: Flagship Site for Domestic Growth New Rise Reno: Flagship Site for Domestic Growth New Rise Reno Modular Design, Configuration, and Layout Maintenance Building Control Building Electric Building #2 Main Office Fire Control Building Waste Water Unit Evaporation Ponds March 2025 Amine U
Slide 20: 20
20
Slide 21: Combine Onsite Feedstock Pretreatment with HEFA Technology
Combine Onsite Feedstock Pretreatment with HEFA Technology XCF facilities employ a two-stage production process, adding a pretreatment stage prior to hydrotreatment. Combine Onsite Feedstock Pretreatment with HEFA Technology XCF facilities employ a two-stage production process, adding a pretreatment
Slide 22: Reliable and Proven Hydrotreating Technology
Reliable and Proven Hydrotreating Technology Axens’ hydrotreating technology increases yields, lowers operating costs, and facilitates feedstock flexibility Reliable and Proven Hydrotreating Technology Axens’ hydrotreating technology increases yields, lowers operating costs, and facilitates feedstoc
Slide 23: Long-Term Agreement with World-Class Partner
Long-Term Agreement with World-Class Partner Long-Term Agreement with World-C l a s s Partner XCF has partnered with BGN INT, an established global trading and logistics company that will supply 100% of the non-food feedstock and is the priority buyer for SAF and Renewable Diesel produced at New Ris
Slide 24: International Expansion Through Licensing: First Deal New Rise Australia
International Expansion Through Licensing: First Deal New Rise Australia International Expansion Through Licensing: First Deal New Rise Australia Highlights • Binding term sheet executed • 15-year license to deploy XCF’s renewable fuel platform across three key markets (Western Australia, South Aust
Slide 25: XCF / Southern / DevvStream Merger
XCF / Southern / DevvStream Merger A Unified Platform for Energy Resilience & Emissions XCF Global (SAFX) Southern Energy Renewables DevvStream (DEVS) SAF Producer — Reno, NV $1.4B LA Facility Carbon & Environmental Assets 38M gal/yr neat SAF capacity at Biomass-to-fuel plant in St. Carbon credit mo
Slide 26: Financial Snapshot
Financial Snapshot Financial Snapshot
Slide 27: Ramp Up to Transformational Growth
Ramp Up to Transformational Growth Production optimization ramp-up process ongoing at New Rise Reno. Ramp Up to Transformational Growth Production optimization ramp-up process ongoing at New Rise Reno. 2025 2026 • A pivotal period laying the foundation for future growth • Production of renewable • O
Slide 28: XCF Financial Profile Snapshot
Please refer to the important note regarding Non-GAAP measures XCF Financial Profile Snapshot XCF Financial Profile Snapshot and forward-looking statements on slide 45. • Renewable fuel production facility at Reno, Nevada expected XCF 2027 Targets ($M) to resume as early as Q2 2026 • 2027 full-year
Slide 29: Efficient Site Development with Attractive Returns
EFFICIENT SITE DEVELOPMENT WITH ATTRACTIVE RETURNS EFFICIENT SITE DEVELOPMENT WITH ATTRACTIVE RETURNS Target Delivery Schedule YEAR 1 YEAR 2 YEAR 3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Plant Construction Post-Construction / Pre-Build / Financing Arrangements Operations Month 0-2 Month 3-9 Month 10-12
Slide 30: Multiple Levers for Continued Growth
Multiple Levers for Continued Growth Multiple Levers for Continued Growth Near-Term Long-Term Existing pipeline buildout Feedstock procurement and Decarbonization Existing owned and leased sites are supply chain optimization solutions expected to come online from 2028, In conversations to form a joi
Slide 31: XCF's Public Peer Universe
XCF’s Public Peer Universe XCF’s Public Peer Universe 1 2 3 4 5 One of the few Fortune 50 Proven and reliable Scalable, modular International public companies offtake partner technology plant design expansion strategy focused on SAF SAF and Renewable Diesel Producers Renewable Natural Gas and Other
Slide 32: XCF Peer Universe Valuation Metrics
XCF Peer Universe Valuation Metrics EV / 2027E Revenue Multiple Renewable Fuel Producers Renewable Natural Gas Producers Ethanol Producers 2.9x 2.1x 2.0x 1.5x Average: 1.2x 1.2x 1.1x 1.6x 1.0x 0.6x 0.5x 0.3x NA EV / 2027E EBITDA Multiple Renewable Fuel Producers Renewable Natural Gas Producers Ethan
Slide 33: Key Takeaways
Key Takeaways Key Takeaways 1. SAF delivers near term domestic energy resilience and lower emissions • Strengthens domestic fuel supply by converting local waste feedstocks into jet fuel • Aligns with federal energy security and policy tailwinds • A "drop-in" solution that reduces global greenhouse
Slide 34: Thank you.
Thank you. Thank you.
Slide 35: Appendix
Appendix
Slide 36: Decarbonizing the Aviation Industry
Decarbonizing the Aviation Industry Decarbonizing the Aviation Industry
Slide 37: Aviation's Disproportionate Impact
Aviation’s Disproportionate Impact(1) Aviation industry provides a large opportunity due to a historic lack of decarbonization efforts. Aviation’s Disproportionate Impact (1) Aviation industry provides a large opportunity due to a historic lack of decarbonization efforts. International Aviation: 145
Slide 38: Emissions Set to Explode: Passenger Traffic Grows
Emissions Set to Explode: Passenger Traffic Grows Emissions Set to Explode: Passenger Traffic Grows February 2025 Source: https://aci.aero/2025/02/26/the-trusted-authority-on-air-travel-demand-insights/ 38
Slide 39: Sustainable Aviation Fuels are the only viable near-term option
Sustainable Aviation Fuels are the only viable near-term option to decrease emissions in the aviation sector, as they are compatible with current aircraft engines and fueling infrastructure and can power flights with no distance limits. Sustainable Aviation Fuels are the only viable near-term option
Slide 40: Beyond Airlines: Corporate Leaders Turning to SAF
Beyond Airlines: Corporate Leaders Turning to SAF Beyond Airlines: Corporate Leaders Turning to SAF Major global corporations are turning to SAF as a practical solution to meet net-zero and Scope 3 emissions targets. While airlines have led early adoption, a growing number of technology and consumer
Slide 41: Global Initiative for SAF Policy
Global Initiative for SAF Policy Global Initiative for SAF Policy Governments around the world have set targets to decarbonize the aviation industry and are integrating policy and tax incentives to encourage the production and adoption of SAF. By 2030, more than 4 billion people are expected to live
Slide 42: Favorable U.S. Regulatory Environment
Favorable U.S. Regulatory Environment Favorable U.S. Regulatory Environment Renewable Fuel Low Carbon Fuel Clean Fuel Production Standard (“RFS”) Standard (“LCFS”) Tax Credit (“CFPC”) • Federal mandate to incorporate renewable content • States such as California, Oregon, and • Section 45Z clean fuel
Slide 43: States Adopting SAF Credit Incentive Schemes
States Adopting SAF Credit Incentive Schemes States Adopting SAF Credit Incentive Schemes Across the U.S., states are rolling out SAF credit incentive programs to stimulate local production, attract investment, and accelerate adoption alongside federal initiatives. Source: https://rmi.org/annual-rep
Slide 44: Aviation Industry Working Toward Decarbonization
Aviation Industry Working Toward Decarbonization Aviation Industry Working Toward Decarbonization Top-Down Emissions Reduction Policies Major U.S. Airlines Express Support for SAF (4) Consistent with the International Air Transport Airline SAF Target Climate Target Association (“IATA”) emissions red
Slide 45: Non-GAAP Measures & Forward-Looking Statements
Non-GAAP Measures & Forward-Looking Statements Non-GAAP Measures Definitions & Reconciliations This earnings release contains non-GAAP (accounting principles generally accepted in the United States of America) financial measures as defined by SEC Regulation G and indicated by a footnote in the text
Slide 46: Thank you.
Thank you. Thank you.