Lanzatech Global, Inc. · NASDAQ:LNZA
Lanzatech Global — H.C. Wainwright Conference (September 2026)
22 slides from Lanzatech Global's conference presentation, September 2026
Slide 1: A new industrial operating system for carbon
Dr. Jennifer Holmgren A new industrial operating system for carbon
Slide 2: Disclaimer
LanzaTech 2026 DISCLAIMER 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 b
Slide 3: Disciplined Spend, Visible Revenue, Funded Plan
LanzaTech 2026 Disciplined Spend, Visible Revenue, Funded Plan Well-positioned for capital-efficient growth REVENUE PATH MARKET SIZE (TAM) Established revenue from existing Aviation and Marine facilities $ 2 . 5 T market opportunity $ 5 0 - 5 5 M FY2026 revenue guidance C E R T IF I C A T I O N S CA
Slide 4: Commercial Plants Operating Profitably Today
Commercial Plants Operating Profitably Today LanzaTech 2026 Commercial Plants Operating Profitably Today S h o u g a n g – China ArcelorMittal – Belgium IndianOil – India Feed Source STEEL & FERRO- STEEL EMISSIONS AND REFINERY ALLOY EMISSIONS CO-PROCESSED BIOMASS EMISSIONS 150M Gallons/Year total pr
Slide 5: ArcelorMittal Steel Plant in Belgium
LanzaTech 2026 1 5 M gallons/year Ethanol Operating No w ArcelorMittal Steel Plant in Belgium ArcelorMittal $61.4B 2025 revenue 5 5 M tonnes crude steel produced in 2025 #1 Steel supplier to the global auto industry; 1 2 5 , 0 0 0 + employees across 6 0 + countries 6
Slide 6: LanzaTech
LanzaTech 2026 6
Slide 7: How Revenue Builds Across the Project Lifecycle
LanzaTech 2026 How Revenue Builds Across the Project Lifecycle H o w Revenue Builds Across the Project Lifecycle REVENUE 20 yr → Engagement Early-stage Advanced Construction Operation Engineering Engineering Stage L N Z A Activities Average Revenue Engagement Feasibility Study, TEA, LCA <$1M Develop
Slide 8: Current Revenue Model: Two Engines of Value Creation
LanzaTech 2026 Current Revenue Model: Two Engines of Value Creation Current Revenue Model: Two Engines of Value Creation Predictable licensing revenue + growing asset-linked value capture LIC EN S IN G LNZA DEVC O / VALUE C APTURE Capital-light, project-driven, predictable cash flow Direct participa
Slide 9: One Molecule: Two Routes to Market
LanzaTech 2026 One Molecule: Two Routes to Market Ethanol Platform Optionality DIRECT USE Sold and used as ethanol - no new conversion assets CARBON- CarbonSmart Ethanol Road Transport Fuels Marine Fuels SMART Products ETHANOL Feedstock- DOWNSTREAM PROCESSING Requires a conversion step before end us
Slide 10: LanzaJet Commercial SAF Plant Now Operating
1 0 M gallons/year LanzaJet Commercial S A F Plant N o w Operating LanzaTech: ~ 5 0% holding L A N Z A J E T LA ST VALUATION $650M
Slide 11: Project Pipeline: Path to >$150M in Profits
LanzaTech 2026 Project Pipeline: Path to >$150M in Profits Project Pipeline: Path to > $ 1 5 0 M in Profits 2027 2029 2030 N T P C – INDIA Exelixis – N O R W A Y D R A G O N - UK C O 2 and Green H 2 Industrial emissions First UK ATJ plant 1.2M GPY ethanol 8M GPY ethanol 30M GPY SAF S E D – INDIA FLI
Slide 12: Direct Production of Chemicals Via Synthetic Biology
2026 Direct Production of Chemicals Via Synthetic Biology “Hardware” “Software” Existing Plants New Strains To Expand Product Portfolio & Efficiency Microbe 1.0 Ethanol + Microbe 2.0 Isopropanol Microbe 3.0 Isoprene Microbe 4.0 Fatty Acids/Alcohols etc … 6 Commercial Plants Globally Proof of Concept
Slide 13: LNZA's value extends beyond its standalone market capitalization
Why We Win LNZA has embedded value across existing portfolio Shougang LanzaTech IPO LanzaJet Certified Plants BRIGHT / DTU partnership 8.3% stake 46% ownership 15% Margin Next-generation • ~$110M estimated • Latest valuation • Potential margin • Fully funded work to retained value based approximatel
Slide 14: Beijing Shougang LanzaTech Joint Venture IPO
LanzaTech 2026 Beijing Shougang LanzaTech Technology Co., Ltd. HKEX: 02553.HK Joint Venture IPO June 3, 2026 Initial Public Offering of 40M Primary H-Shares on the Hong Kong Stock Exchange ~$1.86 ~$75M ~$750M Offer price Gross Proceeds Implied Market (USD) (USD) Cap (USD) TRADING SINCE IPO • JUN 3 –
Slide 15: ISCC EU Certification
2026 ISCC EU Certification → First-Of-Its-Kind Certification Opens Access to EU Regulated Markets → Certification creates a commercial pathway into high -value European and UK regulated fuel markets Road transport fuels ISCC EU Sustainable aviation fuel CERTIFICATION Marine fuels Market access gatew
Slide 16: Solving the Complexity of Biology Requires Data
Solving the Complexity of Biology Requires Data LanzaTech built a world-leading automated lab & Biofoundry platform 3 Billions of data points 2.5 2 Gen 2 1.5 World-First Biofoundry for 1 Anaerobes & C1 Gases Gen 1 0.5 0 2011 2013 2015 2017 2019 2021 2023 16
Slide 17: LanzaTech x BRIGHT
LanzaTech x BRIGHT Building a Next-Gen Biofoundry & Create Value Beyond Current Markets Faster strain development cycles Reduced innovation risk Integration of AI-driven design Safe, high-precision research on Automation and parallelization High-throughput workflows enable tools Data from large-scal
Slide 18: Three Things Had to Be True. Now They All Are.
2026 Three Things Had to Be True. Now They All Are. Three Things H a d to Be True. N o w They All Are. $2.5T Market Opportunity Aviation + marine clean fuel Technology works at scale. Legislation caught up. Markets exist today. The headwinds are gone. This is a deployment story now. 18
Slide 19: Q2 Results Prove the Transformation
LanzaTech 2026 Q2 Results Prove the Transformation The Company's financial profile has improved materially while maintaining stable revenue. REVENUE Q2 OPEX ADJ. EBITDA LOSS OPERATING LOSS YTD OPEX $9.0M $11.7M $(7.6)M $(9.9)M $25.2M stable vs. Q2 2025 down 67% YoY improved 74% YoY improved 69% YoY
Slide 20: Stronger Financial Position & Reinstated Guidance
LanzaTech 2026 Stronger Financial Position & Reinstated Guidance A stronger balance sheet and lower cost structure support execution against 2026 guidance. $50M RAISED CAPITAL STRUCTURE IMPROVED OPERATING LEVERAGE $50M Simplified Improved January and May 2026 financings Preferred converted, FPA obli
Slide 21: Second Half Execution Priorities
LanzaTech 2026 Second Half Execution Priorities 2026 Priorities for Growth and Value Creation Accelerate Commercialization 01 Convert existing customer demand into contracted revenue streams. Complete ISCC EU Certification 02 Enable access to regulated fuel markets and higher-value opportunities. Ma
Slide 22: Investor contact: LNZA@alpha-ir.com
Nasdaq: LNZA Investor contact: LNZA@alpha-ir.com Investor contact: LNZA@alpha-ir.com 22
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