Xcf Global, Inc. · NASDAQ:SAFX
Xcf Global — Investor Presentation (October 2025)
27 slides from Xcf Global's investor presentation, Oct 10, 2025
Slide 1: Flying Clean with Sustainable Aviation Fuel
FLYING { CLEAN WITH) SUSTAINABLE \ ce AVIATION. FUEL) >
Slide 2: Disclaimer
DISCLAIMER This presentation and any accompanying oral presentation (ths "Presentation”) is provided for information purposes only This Presentation is neithar an offer to purchase, nora solicitation of an offer to soll, subscribe for or buy any securitiosinany juriscction nor shall there be any sal
Slide 3: 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 identity forward-looking statements by terminology such as "may", "shou
Slide 4: Experienced Leadership Team
EXPERIENCED LEADERSHIP TEAM EXECUTIVE MANAGEMENT Mihir Dango Crist Executive Officer, Executive Director & Board Chait SIONIC CME Group Grogs Surette Cet Strategy Oticer, Corporate Secretary Deloitte. ‘Simon Oxley Chie Financial Oticer BARCLAYS Tenwhan) cfti Grog Savar (Chiet Marketing Oticer bi * N
Slide 5: Mission
MISSION Lead the transition to net-zero aviation emissions by building the most scalable sustainable aviation fuel (SAF) company in the world.
Slide 6: Top Takeaways
TOP 3 TAKEAWAYS 1. SAF is the only viable near-term decarbonization solution * Disproportionate impact on emissions * Decarbonization initiatives behind other industries * Securing development capital is challenging; balance sheets lack liquidity 2. XCF has an early-mover advantage + New Rise Reno —
Slide 7: Aviation's Disproportionate Impact
AVIATION’S DISPROPORTIONATE IMPACT The aviation industry offers a significant opportunity, driven by its historical underinvestment in decarbonization efforts and the complex challenges associated with reducing emissions in this sector. International Aviation: 145.8% International Shipping: 33.8% Do
Slide 8: Emissions Set to Explode: Passenger Traffic Grows
EMISSIONS SET TO EXPLODE: PASSENGER TRAFFIC GROWS Long-term global passenger traffic forecast (2016-2053) coviD-19 26 Pandemis —_ H 42.4 of 2024 tovel 22 i i 2042 > 2045 0 H x2 of the 2024 level Passengers (billions)
Slide 9: SAFs are the only viable near-term option (McKinsey quote)
“Sustainable Aviation Fuels (SAFs) 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” - McKinsey & Company
Slide 10: Mission
MISSION Lead the transition to net-zero aviation emissions by building the most scalable sustainable aviation fuel (SAF) company in the world.
Slide 11: A Drop-In Fuel: From Waste to Wingtip
A DROP-IN FUEL: FROM WASTE TO WINGTIP From waste to wing the production journey for sustainable aviation fuel (SAF) Fuel is delivered to airport and into wing. Z; \al jet fuel is blended with sustainable aviation fuel to make it suitable for use in aircraft. 3 3 Used cooking oil ] 2 Household wast w
Slide 12: The Most Viable Solution to Decarbonize the Aviation Industry
THE MOST VIABLE SOLUTION TO DECARBONIZE THE AVIATION INDUTSRY 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 aircraft or infrastructure are required for use. Unlike emerging technologies
Slide 13: Global Initiative for SAF Policy
GLOBAL INITIATIVE FOR SAF POLICY Today, more than 2 billion people globally live in countries with SAF blending mandates or strong incentives like tax credits - by 2030, this numberis expected to grow to more than 4 billion people, | Ce > Coo eo ee FederalClean Fuel ‘2022: Established long-term goal
Slide 14: 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, attractinvestment, and accelerate adoption alongside federal initiatives. ILCFS or similar policy in force Ill Pending or failed LCFS or similar policy |
Slide 15: Toward Decarbonization of Aviation
TOWARD DEGAREONIZTTioH AVIATION INDUSTEY WOMR er Us Anes Ere Supe icine SAF Target Climate Target Top-Down Emissions Reduction Policies Maska NIA Net zero 2040 american, Consistent with International Air Transport Association (“IATA”) ee 10% by2030_Netzero 2050 emissions reduction targets, many airl
Slide 16: S&P Global Price and Demand Forecast Through 2050
S&P GLOBAL PRICE AND DEMAND FORECAST THROUGH 2050 it) Jet Fuel =SAF-HEFA, 00 | stand mandates Right oxis © SH rncsce © seFrorecast © tts mancaro Lot axis mSAF demand se Jet Fuel demand 2082 2034 2088-2038 © «2040-2042 2046 2088 Note: Capacity build-ups have brought more SAF online and loweredts prem
Slide 17: XCF Global at a Glance
XCF GLOBAL AT A GLANCE XCF Global, Inc. (Nasdaq: SAFX) is one of the few publicly-traded renewable fuels companies primarily focused on Sustainable Aviation Fuel (“SAF”) in the United States. Dedicated to accelerating the aviation industry’s transition to net-zero emissions, XCF owns and operates th
Slide 18: XCF Is Ahead of Its Competition
XCF IS AHEAD OF ITS COMPETITION * Strategic early-mover advantage, through e New Rise Reno j + Site design that can 7 a? @ BRAVA bereplicatedacross BS°™™ e® ® the globe ° ? b Fuets | + Currently ~41 S producing SAF sites globally - the world will need at least 4,500 by 2035 <= Bem foe Map bo BSenevr
Slide 19: XCF's Public Peer Universe
XCF’S PUBLIC PEER UNIVERSE XCF Global Y One of the few public companies focused on SAF Y Fortune 50 offtake partner ¥ Proven and reliable technology ¥ Scalable, modular plant design ¥ International expansion strategy Renewable Diesel/ SAF Producers CUTS ENOTES camer —-*-geVO Llanzafech NESTE Key pla
Slide 20: Slide 20
Slide 21: Slide 21
Slide 22: Slide 22
Slide 23: Phillips 66 Long-Term Agreement
PHILLIPS LONG-TERM AGREEMENT WITH INTEGRATED DOWNSTREAM ENERGY PROVIDER * 15-year Supply and Offtake Agreement ® * Supply 100% of the non-food feedstock + Priority buyer for all SAF and renewable diesel produced at New Rise Reno * Logistics, storage, and blending support
Slide 24: Scaling a Global SAF Platform: Three Pillars for Growth
SCALING A GLOBAL SAF PLATFORM: THREE PILLARS FOR GROWTH Domestic Growth — New Rise Reno Blueprint: replicable design, layout, and configuration; scalable, capital- efficient model — Facility Expansion: acquisitions, conversions, and greenfield — Feedstock Control: vertically integrate feedstock supp
Slide 25: Top Takeaways
TOP 3 TAKEAWAYS 1. SAF is the only viable near-term decarbonization solution * Disproportionate impact on emissions * Decarbonization initiatives behind other industries * Securing development capital is challenging; balance sheets lack liquidity 2. XCF has an early-mover advantage + New Rise Reno —
Slide 26: Mission
MISSION Lead the transition to net-zero aviation emissions by building the most scalable sustainable aviation fuel (SAF) company in the world.
Slide 27: Thank You.
Thank You. XCF Global