Slide 1: 3Q 2024 Investor Presentation
Nasdaq: LNZA 3Q 2024 INVESTOR PRESENTATION November 8, 2024 ©2024 LanzaTech Inc. All rights reserved.
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of LanzaTech’s management. Although LanzaTech beli
Slide 3: High-growth, pure-play carbon-recycling company with capital-light business model
High-growth, pure-play carbon-recycling company with capital-light business model, advancing the circular carbon economy by recycling waste carbon feedstocks into fuels, chemicals, and protein used in everyday products 37% 6 commercial plants operating ownership of LanzaJet, a leading sustainable av
Slide 4: LanzaTech's Innovative Circular Carbon Solution Recycles Waste Feedstocks Into Valuable Products
LANZATECH’S INNOVATIVE CIRCULAR CARBON SOLUTION RECYCLES WASTE FEEDSTOCKS INTO VALUABLE PRODUCTS ABILITY TO LEVERAGE BIOREACTOR DIVERSE CARBON SOURCES PRIMARY FUELS PRODUCT ETHANOL CLEAN UP ATOMOSPHERIC INDUSTRIAL CO2 OFF-GAS CO- PRODUCT PROTEIN BIOMASS GASIFIED COMPRESSION SEPARATION MATERIALS WAST
Slide 5: 3Q 2024 Key Takeaways
3Q 2024 Key Takeaways 1 | Financial Results 2 | Expanding Business 3 | Announced Ethanol Off- Model to Increase Value take agreement ▪ Expanding technology licensing business ▪ Revenue: $9.9 million model to incorporate incremental ▪ Entered into two-stage ethanol off-take ▪ Gross margin: 18% partic
Slide 6: Overview of 3Q24 Financial Results
OVERVIEW OF 3Q24 FINANCIAL RESULTS SUMMARY FINANCIAL RESULTS¹ COMMENTARY Three Months Ended September 30 Revenue: ▪ 3Q24 revenue year-over-year decrease driven by particularly high 3Q23 (in millions $) 2024 2023 engineering services revenue related to Project Dragon, that was completed in Total Reve
Slide 7: 4Q24 Financial Outlook
4Q24 FINANCIAL OUTLOOK Key drivers of revenue for 4Q24 include the following components, all with some element 4Q24 Revenue Building Blocks of timing uncertainty: ($MM) $ millions 1. Current base business has generated ~$10 million per quarter for first three quarters of 2024; expectation is that 4Q
Slide 8: Strong Pipeline That Positions the Company for Continued Growth and Scale
STRONG PIPELINE THAT POSITIONS THE COMPANY FOR CONTINUED GROWTH AND SCALE ACTIVE BIOREFINING CUSTOMER PROJECT PIPELINE1 80+ 8 net additions into this stage Active Engagements with Positive Technoeconomic Results during 3Q24 30+ Early-Stage Engineering 13 13 projects in Advanced Engineering phase for
Slide 9: LanzaTech's Biorefining Platform Accesses Diverse & Growing Markets
LANZATECH’S BIOREFINING PLATFORM ACCESSES DIVERSE & GROWING MARKETS Ethanol1 Access to >$2 trillion of LanzaTech ethanol may be sold into fuel markets +$85 billion total addressable markets, spanning Jet fuel via ethanol2 Today LanzaJetTM Alcohol-to-Jet process can convert LanzaTech multiple high-de
Slide 10: Commercial Development Announcement Timeline
COMMERCIAL DEVELOPMENT ANNOUNCEMENT TIMELINE 2024 2023 ▪ 10/31/2024 – LanzaTech and Eramet announce plans for first-of-a-kind integrated Carbon Capture, Utilization and Storage (CCUS) project in Norway ▪ 10/30/2024 – LanzaJet and Air New Zealand, in collaboration with LanzaTech, ▪ 10/25/2023 - Lanza
Slide 11: Additional Financial Information
Nasdaq: LNZA ADDITIONAL FINANCIAL INFORMATION
Slide 12: Financial Information & Non-GAAP Financial Measures
FINANCIAL INFORMATION & NON-GAAP FINANCIAL MEASURES To supplement our financial statements presented in accordance with US GAAP and to provide investors with additional information regarding our financial results, we have presented adjusted EBITDA, a non-GAAP financial measure. Adjusted EBITDA is no
Slide 13: Result of Operations – Three Months Ended September 30, 2024
RESULT OF OPERATIONS – THREE MONTHS ENDED SEPTEMBER 30, 2024 13
Slide 14: Reconciliation of Net Loss to Adjusted EBITDA
RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA 14
Slide 15: Investor contact
Nasdaq: LNZA Investor contact: Kate Walsh VP Investor Relations Kate.Walsh@lanzatech.com