Slide 1: Aemetis signs agreement to acquire Edeniq
w) AEMETIS (NASDAQ: AMTX) Aemetis signs agreement to acquire Edeniq Accretive Transaction May 2016 Q
Slide 2: Disclaimer
Disclaimer Thisnewsrelease contains forward-lookingstatements, including statements regarding our assumptions, projections, expectations, targets, Intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statementsin this newsrelease include, witho
Slide 3: Edeniq Value Contribution
Edenig Value Contribution In order to meet the federal Renewable Fuel Standard, obligated parties are required to blend ethanol and biodiesel in increasing quantities each year * “Conventional Biofuels” must reduce greenhouse gas emissions by 20% relative to gasoline or diesel and “Advanced Biofuels
Slide 4: Low Carbon Fuel Standard — Biofuels Lead Carbon Reduction in California
Low Carbon Fuel Standard — Biofuels Lead Carbon Reduction in California California LCFS Carbon Credit Generation by Fuel Type, 2011-2015 Fossil CNG Z-£ 5% Electricity Bio-CNG 4% : 3% 0% — Fossil LNG \-Bio-LNG 1% 2% Source: Renewable Fuels Association, April 22, 2016
Slide 5: Edeniq Background
Edeniq Background COMPANY Founded in 2008 $100 million invested in developing the technology including grants from DOE and CEC Headquarters and R&D in Visalia, CA Sales and Field services office in Omaha, NE TECHNOLOGY Cellunator mechanical pretreatment Pathway Enzymes in situ conversion of cellulos
Slide 6: Economic Benefits from Edeniq technology
Economic Benefits from Edeniq technology + Edeniq developed a patented milling and enzyme technology, increasing starch ethanol production by up to 4% and cellulosic ethanol production up to 2.5% from existing corn kernel fiber Economic benefits from Edenig Process 3key | Edeniq’s Pathway Platform b
Slide 7: Proven Track Record
Proven Track Record Five Years of Operating Units 29 Deployed Cellunator Units at US Ethanol Plants + Mid American: 2 Units + Pacific Ethanol: 3 Units +E Energy Adams: 3 Units Flint Hills/Koch: 20 Units
Slide 8: Edeniq Product Platform
Edeniq Product Platform Up to 7% ethanol production increase at first generation plants + Integrated platform of feedstock “shearing” and cellulose enzymes + Substantially lower capex relative to competitors + EPA-approved cellulosic ethanol pathway from existing corn kernel fiber + Ethanol producti
Slide 9: Edeniq Core Products: Analytical Software, Cellunators and Cellulase Enzymes
Edeniq Core Products: Analytical Software, Cellunators and Cellulase Enzymes Proprietary Analytical Software Demonstrates Cellulosicand Starch Ethanol Yields Patented High-Shear Mechanical Pretreatment of Cellulosic Fiber + Edeniq has been operating Cellunators at US plants for more than 5 years * C
Slide 10: US Market Opportunity for Aemetis to Deploy Edeniq technology
US Market Opportunity for Aemetis to Deploy Edeniq technology 120 Ethanol Plants = TAM : $2.1 billion SAM : $1.2 billion + Average ethanol plantis about 70 million gallons per year capacity ee | = “ sienouens + Average ethanol plant potential about $10 million of additional revenue —
Slide 11: Aemetis Strategy to Accelerate Adoption of Edeniq Technology
Aemetis Strategy to Accelerate Adoption of Edeniq Technology Pending EPA approval of Pacific Ethanol plantin California > D3RIN and $1.01 per gallon tax credit Plan to file for LCFS approval of cellulosic gallons Target 5 ethanol plants per year to implement Edenig technology > New business model of
Slide 12: Financing Update
Financing Update Aemetis signed investors for $36 million EB-5 Phase | sub-debt financing at 3% interest rate + $36 million received or committed into escrow for USCIS approval + $23.5 million already released to Aemetis from escrow + $12 million remaining in escrow awaiting release to Aemetis upon
Slide 13: Roadmap for Product and Edeniq Revenues
3 year Roadmap for Product and Edeniq Revenues Current Future Volume Target 90-95% E> 40-50% 75 mgy Improve margins by Cellulosic Ethanol addition Renewable Jet Z « ——" 25-35%| 60-70 m Diesel and 5-10% : : = Improve margins Biodiesel by deploying renewable diesel 0% GE 25-35%| 25-30 mgy Aemetis is r
Slide 14: Appendix
Appendix a -
Slide 15: Aemetis Mission
Aemetis Mission Aemetis is an international renewable fuels and biochemicals company using patented industrial biotechnology for the conversion of first- generation ethanol and biodiesel plants into advanced biorefineries Traditional Corn Ethanol and Advanced Biofuels Non-Food, Low Carbon, Less Vege
Slide 16: Aemetis Overview
Aemetis Overview * Founded in 2006 by biofuels industry veteran (co-founder Pacific Ethanol and EPM) + $147 million revenue for 2015 * Own/operate 60 million gallon Ethanol plant in California ~ Largest biofuels refinery in California * Own/operate 50 million gallon Distilled Biodiesel and Glycerin
Slide 17: Management and Board of Directors
Management and Board of Directors Harold Sorgenti - Former President/CEO of ARCO Chemical Company (12 years including IPO) Board of John Block - Former Secretary of Agriculture from 1981-86 under President Reagan Directors Fran Barton - Former CFO of five high tech companies with revenues above $1 b
Slide 18: California Low Carbon Fuel Standard (LCFS) Created Large Market
California Low Carbon Fuel Standard (LCFS) Created Large Market + Aemetis presently receives an LCFS premium of about $0.10 per gallon for ethanol sold in the California market. > Corn ethanol carbon intensity (Cl) score is about 70 Cl + When Aemetis produces cellulosic ethanol, potential premiums i