Gevo, Inc. · NASDAQ:GEVO
Gevo — Merger or Acquisition (September 2024)
11 slides from Gevo's merger presentation, Sep 12, 2024
Slide 1: Gevo Acquisition of Assets of Red Trail Energy, LLC
Gevo Acquisition of Assets of Red Trail Energy, LLC Low-Carbon Ethanol, Carbon Capture & Sequestration mgevo Conference Call Presentation September 12, 2024
Slide 2: Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the con
Slide 3: Key Transaction Terms
Key Transaction Terms 3 (1) Cash free, debt free acquisition includes substantially all of the low-carbon ethanol and CCS assets of Red Trail Energy, LLC (“Red Trail Energy”). (2) To be obtained prior to closing. Range reflects estimated quantum of planned new asset-level debt financing. (3) Subject
Slide 4: Expected to Make Gevo Adjusted EBITDA Positive in 2025
Expected to Make Gevo Adjusted EBITDA(1) Positive in 2025 4 (1) Adjusted EBITDA is a non-GAAP measure calculated as earnings before interest, taxes, depreciation and amortization, inclusive of the value of monetizable tax credits such as 45-Q and 45-Z and excluding project development costs. Net-Zer
Slide 5: Acquisition Highlights
Acquisition Highlights 5 Expected to make Gevo Adjusted EBITDA positive in 2025(1) combined with our other businesses Gevo’s capabilities of marketing carbon abatement and delivery of advanced liquid fuels are expected to deliver superior value to shareholders Consistent with Gevo strategy, provides
Slide 6: Expands the Footprint
Headquarters Englewood, CO R&D, Demo Facility Ethanol, Isobutanol, Food, Wind Silsbee, TX Facility SAF, Bio-Octane* Net-Zero 1 Greenfield Food, SAF, Renewable Diesel, Bio-Naphtha Dairy Manure RNG Captured Methane 6 Expands the Footprint Verity Carbon Solutions Carbon Tracking MRV *Owned by Trecora H
Slide 7: Provides Operating Assets with Demonstrated Performance
Provides Operating Assets with Demonstrated Performance 7 Low-Carbon Ethanol Plant Carbon Capture Injection Well Rail (BNSF) (1) Based on approved Carbon Intensity pathway of 19 gCO2e/MJ in British Columbia, US corn industry average of ~70 gCO2e/MJ. (2) Based on pore space lease agreements. Aerial V
Slide 8: Provides Wholly-Owned CCS Asset
8 Provides Wholly-Owned CCS Asset Broom Creek Formation CCS in the Core of Broom Creek Formation CCS Site Layout Overview • One of the few operating CCS sites in the U.S. • Nearly pure, biogenic CO2 stream from fermentation process • This CO2 was captured from the atmosphere by plants through photos
Slide 9: Creates Near-Term and Long-Term Value
Creates Near-Term and Long-Term Value 9 Puts Gevo on a path to profitability in advance of our Net-Zero 1 project’s commercial operation Secures an excellent site for additional SAF deployment Mitigates risk around CCS for our Net-Zero 1 site in South Dakota Builds our capabilities in operations and
Slide 10: Accelerates Our Mission
The world needs innovative solutions that address these challenges: • Global climate change • Domestic energy security • Rural community development Accelerates Our Mission 10
Slide 11: Thank You
Thank You 345 Inverness Drive South Building C | Suite 310 Englewood, Colorado 80112 gevo.com A Carbon Abatement Company