Slide 1: Aemetis, Inc. (Nasdaq: AMTX) Leading the Innovation of Below Zero Carbon Intensity Fuels
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements, induding statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements in this presentation indude, wi
Slide 3: Aemetis Overview
Aemetis Overview | An integrated energy transition platform Key Highlights ~$400mm market cap (NASDAQ: AMT) Delta /American /Japan /airlines offtake A y $3. bilion of Sustanable Aviation Fuel "_S1.2ilon of reecs in development 2 operating biofuel plants (115 mgy) planned SAFIRD biofuel plant (20 mgy
Slide 4: Third Generation Technology to Reverse Climate Change
Third Generation Technology to Reverse Climate Change 15 Generation Renewable Energy = Use the Sun’s energy Solar, Wind, Hydro and Nuclear do not absorb carbon from the atmosphere. These energy sources are slowing the rate of heating the Earth as coal and natgas plants continue to operate globally.
Slide 5: Highly Experienced Management and Board of Directors
Highly Experienced Management and Board of Directors Eric McAfee - Chairman of the Board and CEO = Founder of Aemetis (NASDAQ: AMTX) and co-founder of $1.6 billion revenues Alto Ingredients (NASDAQ: ALTO) = Founding shareholder of oil production company Evolution Petroleum (NYSE: EPM) + Founded eigh
Slide 6: Aemetis Circular Bioeconomy
Aemetis Circular Bioeconomy | Integrated value chain supports growth while minimizing technology and execution risk Aemetis Leverages Existing Plants, Infrastructure, and Relationships to aise = Expand its Low-Carbon Biofuel Business © pcmetis Biogas Farms Produ aot open Dairy cows consume the anima
Slide 7: Aemetis Expansion Plans
Aemetis Expansion Plans 2022 2023 2024 2025 2026 Total Day Renewable Nature Gas ae a aT ot 66 Aas 4BNG Dagoxtrs Capacity 272,800 624,800 968,000 1,337,600 1,742,400 a) pores: 13,878,324 43,965,455 57,155,091 74,301,619 ® ueumercme By Carbon Capture & Sequestration D mectac tone Aemetis Expansion Cap
Slide 8: Aemetis Projected Revenue Growth by Business Unit
Aemetis Projected Revenue Growth by Business Unit $1,600.0 $1,400.0 51,2000 $1,000.0 $800.0 $600.0 $400.0 $200.0 $0.0 Revenue by Business Unit 39% CAGR REVENUES $520M $411M 2028 2028 $1,503M $1,106M — 2025 2026 - California Ethanol&. Animal Feed l= Renewable DieseY/Sustainable Aviation Fuel India Bi
Slide 9: Aemetis Low Carbon Ethanol
Slide 10: Plan for Revenue and Earnings Growth: California Ethanol Plant
Plan for Revenue and Earnings Growth: California Ethanol Plant Solar Array with Battery Storage Zero carbon electricity ZEBREX™ Mitsubishi ceramic membrane dehydration system reduces petro natural gas use by 20%+ and replaces with electricity Mechanical Vapor Recompression to reduce Natural Gas by 6
Slide 11: Aemetis Biogas
Slide 12: Plan for Revenue and Earnings Growth: Below Zero CI Dairy RNG Project
Plan for Revenue and Earnings Growth: Below Zero Cl Dairy RNG Project . Aemetis eee Ethanol Plant RI \Z
Slide 13: Plan for Revenue and Earnings Growth: Below Zero CI Dairy RNG Project
Plan for Revenue and Earnings Growth: Below Zero Cl Dairy RNG Project
Slide 14: Aemetis Carbon Zero Renewable Aviation/Diesel Fuel
Slide 15: Millions of Tons of Local Below Zero Carbon Intensity Waste Wood
Millions of Tons of Local Below Zero Carbon Intensity Waste Wood Biomass-to-Energy Plants Closing in California = Biomass-to-Energy plants decreased from 33 plants to 5 plants = Unable to compete with subsidized solar and wind energy More than 1.5 million acres of Almonds/Walnuts in California = 24
Slide 16: Carbon Zero Renewable Aviation/Diesel Plants with Carbon Sequestration
“Carbon Zero” Renewable Aviation/Diesel Plants with Carbon Sequestration Gasification Feedstock “| =. C3 Byproduct Biomass Feedstock (Negative Cl) + Orchard Wood Waste + Vineyard Wood Waste Non-Edible Oils + Forest Waste (CI varies) + Distillers Corn Oil Pre-Extraction of Sugars to Produce + Tallow
Slide 17: Riverbank, California Site
Riverbank, California Site = Final acquisition agreement for the 125- acre Riverbank Industrial Complex site was signed in December 2021 = Former U.S. Army Ammunition Plant = 125 acres of industrial and commercial land = 710,000 s.f. of existing buildings = Railroad with 120 railcar storage = 100% l
Slide 18: Aemetis Carbon Capture
Slide 19: Aemetis Carbon Capture and Sequestration Projects in California
Aemetis Carbon Capture and Sequestration Projects in California * No CO2 pipeline required for Aemetis CCS - Largest renewable CO2 producer in CA * Formerly an inland ocean now known as the Central Valley of California — Light green area shows shale geological storage containing saline water for CCS
Slide 20: Ethanol Plants are Largest Reduction in Costs = Highest Value CCS Projects
Ethanol Plants are Largest Reduction in Costs = Highest Value CCS Projects FIGURE 3-14 MARGINAL ABATEMENT CURVE BY FACILITY $100 50 -100 Total Cost with LCFS, 45Q($/tCO,) “150 10 20 30 40 50 60 Annual Emissions Abated (meco,/yr) > Cmethanol> — MRefinery Ml Hydrogen micHe Micement Misce The 34 facili
Slide 21: Aemetis Carbon Capture & Sequestration Project Leaders
Aemetis Carbon Capture & Sequestration Project Leaders Baker Hughes: Underground Engineering and Well Drilling + Leading natural gas and crude oil drilling company + $20billion market value Boker Hughes + Operates in 120+ countries + CCUS Technology Solutions include: + Pre-FEED and FEED consultatio
Slide 22: Aemetis International
Slide 23: India Biodiesel/Glycerin/Refined Tallow Plant
India Biodiesel/Glycerin/Refined Tallow 50 mgy Plant $2.00 per biodiesel gallon tax penalty for petroleum diesel not containing biodiesel was adopted by India governmentin early 2022 to become effective April 2023, significantly increasing biodiesel demand starting in September 2022
Slide 24: Aemetis, Inc. (Nasdaq: AMTX) Eric McAfee, Chairman/CEO