Xcf Global, Inc. · NASDAQ:SAFX
Xcf Global — Investor Presentation (January 2026)
44 slides from Xcf Global's investor presentation, January 2026
Slide 1: Flying Clean with Sustainable Aviation Fuel
FLYING CLEAN WITH SUSTAINABLE AVIATION FUEL Investor Presentation / January 2026 Email: ir@xcf.global NASDAQ: SAFX
Slide 2: 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 there be a
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 identify forward-looking statements by terminology such as "may", "shoul
Slide 4: Table of Contents
Table of 01 Executive Summary Contents 02 Decarbonizing the Aviation Industry 03 Understanding Sustainable Aviation Fuel 04 Company Overview 05 Commercial and Financial Overview 4
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: Key Takeaways
Key Takeaways 01 SAF is the only viable near-term decarbonization solution • Disproportionate impact on emissions • Decarbonization initiatives lag behind other industries • Securing development capital is challenging; balance sheets lack liquidity 02 XCF has an early-mover advantage • New Rise Reno
Slide 7: Executive Summary
Executive Summary
Slide 8: XCF Global at a Glance
XCF Global at a Glance Site 1 – New Rise Reno Site 2 – New Rise Reno 2 Sites 3 & 4 – Wilson, NC • Long-term agreement • Adjacent site ready to be and Fort Myers, FL with Phillips 66: developed for SAF • Development into SAF, − Provide waste- and production renewable fuels, and/or residue-based • Cos
Slide 9: Experienced Leadership Team
Experienced Leadership Team Executive Management Non-Executive Directors Chris Cooper Wray Thorn* Chief Executive Officer, Interim Board Chair Executive Director William Dale Si-Yeon Kim Chief Financial Officer Chairperson Nominating and Corporate Governance Committee, Audit Committee, Compensation
Slide 10: 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 SkyNRG that can be replicated Calumet Gevo across the globe. DG Fuels Northwest Advanced Biofuels Gevo/Net Zero-1 Green Plains
Slide 11: Investing in the Decarbonization of the Aviation Industry
Investing in the Decarbonization of the Aviation Industry Strong Regulatory and Market Tailwinds for Sustainable Fuels Unique Investment Opportunity: One of the Few Publicly-Traded Renewable • Robust demand for SAF domestically and internationally drives long-term business growth; Fuel Companies Foc
Slide 12: Decarbonizing the Aviation Industry
Decarbonizing the Aviation Industry
Slide 13: Aviation's Disproportionate Impact
Aviation’s Disproportionate Impact(1) Aviation industry provides a large opportunity due to a historic lack of decarbonization efforts. International Aviation: 145.8% Share of Global CO2 Emissions International Shipping: 33.8% Domestic Transport: 23.8% Land Use and Forestry: 18.4% Agriculture: (21.5
Slide 14: 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/ 14
Slide 15: SAF is the only viable near-term option to decrease emissions
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. McKinsey & Company Source: McKinsey & Company “Critical Insight
Slide 16: An Immediate Solution to Decarbonizing the Aviation Industry
An Immediate 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 aircraft or infrastructure are required for use. Unlike emerging technologies
Slide 17: Understanding Sustainable Aviation Fuel
Understanding Sustainable Aviation Fuel
Slide 18: 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 feedstocks • Synthetic kerosene de
Slide 19: A Drop in Fuel: From Waste to Wingtip
A Drop in Fuel: From Waste to Wingtip Used Household Waste CO2 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 sustainable aviation fuel (“SAF”) Using SAF
Slide 20: 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 in countries with SAF blending m
Slide 21: 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 production tax credit into transporta
Slide 22: 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-report-2024/ 22
Slide 23: 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 reduction targets, N/A Net zero 2040 many airlines ha
Slide 24: 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 brands are incorporating SAF into their sustainab
Slide 25: S&P Global Demand and Price Forecast Through 2050
S&P Global Demand and Price Forecast Through 2050 Source: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/refined-products/040925-eu-alternative-aviation-fuel-mandates-highlight-synthetic-fuel-supply-concerns 25
Slide 26: Company Overview
Company Overview
Slide 27: XCF Global at a Glance
XCF Global at a Glance Site 1 – New Rise Reno Site 2 – New Rise Reno 2 Sites 3 & 4 – Wilson, NC • Long-term agreement • Adjacent site ready to be and Fort Myers, FL with Phillips 66: developed for SAF • Development into SAF, − Provide waste- and production renewable fuels, and/or residue-based • Cos
Slide 28: Scaling a Global SAF Platform: Three Pillars for Growth
Scaling a Global SAF Platform: Three Pillars for Growth Domestic Growth International Expansion Consolidation & Leadership • New Rise Reno Blueprint: • Licensing Model: • Economies of Scale: scalable, capital-efficient model global rollout with equity and royalty fees reduce costs, improve efficienc
Slide 29: Flagship Site for Domestic Growth
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 Unit Location Reno, NV Reformer Date Commissioned February 2025 E
Slide 30: 30
30
Slide 31: 31
31
Slide 32: 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. Pretreatment Hydroprocessed Esters of Feedstocks and Fatty Acids (“HEFA”) • Pretreating feedstock onsite allows HEFA technology involv
Slide 33: Reliable and Proven Hydrotreating Technology
Reliable and Proven Hydrotreating Technology Axens’ hydrotreating technology increases yields, lowers operating costs, and facilitates feedstock flexibility. + + Proprietary Hydrogenation Sustainable Aviation Fuel Technology Ag Oils, Animal Fats, Energy Hydrogen and Pyrolysis Oils 1 Waste- and resid
Slide 34: Long-Term Agreement with World-Class Partner
Long-Term Agreement with World-Class Partner XCF has partnered with Phillips 66, an established Fortune 50 company that will supply 100% of the non-food feedstock and is the priority buyer for SAF and Renewable Diesel produced at New Rise Reno for 15 years. Phillips 66 is a Leading Integrated Downst
Slide 35: Leveraging Existing Infrastructure for Organic Expansion
Leveraging Existing Infrastructure for Organic Expansion New Rise Reno 2 Wilson, NC and Fort Myers, FL* • Greenfield development adjacent to New Rise Reno • Biodiesel facilities, acquired in October 2023 • Site acquired in January 2025 • Plans to build out and reconstruct into SAF, renewable fuels,
Slide 36: 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 Month 13-28 Month 29-32 Month 33+ Land Acquisition Dra
Slide 37: New Rise Australia
New Rise Australia Highlights • Binding term sheet executed • 15-year license to deploy XCF’s renewable fuel platform across Australia • Target: Development of three SAF production facilities based on the New Rise Reno design, configuration, and layout • XCF to receive − 12.5% equity stake − 12.5% l
Slide 38: 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 joint venture Carbon capture, utilizatio
Slide 39: Commercial and Financial Overview
Commercial and Financial Overview
Slide 40: Illustrative SAF Margin Overview and Unit Economics
Illustrative SAF Margin Overview and Unit Economics 45Z Credits shown retroactively for illustrative purposes only ($/gal) SAF Margin $8.00 Calculation $6.00 1. SAF (Jet Fuel plus estimated SAF $4.00 premium of ~$3/gal) 45Z Credits $2.00 D4 RINs Plus LCFS 2. LCFS(CA) Credit $0.00 SAF Margin 3. D4 RI
Slide 41: Ramp Up to Transformational Growth
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 SAF at nameplate capacity • Operational flexibility at the New Rise Reno facility has expected as early as Q1 enab
Slide 42: 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 Biofuels Producers • Key pl
Slide 43: Key Takeaways
Key Takeaways 01 SAF is the only viable near-term decarbonization solution • Disproportionate impact on emissions • Decarbonization initiatives lag behind other industries • Securing development capital is challenging; balance sheets lack liquidity 02 XCF has an early-mover advantage • New Rise Reno
Slide 44: Thank you.
Thank you.