Aemetis, Inc · NASDAQ:AMTX
Aemetis — Investor Presentation (February 2022)
35 slides from Aemetis's investor presentation, Feb 28, 2022
Slide 1: Leading the Production of Below Zero Carbon Intensity Renewable Natural Gas and Renewable Fuels
Aemetis, Inc. (Nasdaq: AMTX) Leading the Production of Below Zero Carbon Intensity Renewable Natural Gas and Renewable Fuels For Airplanes, Trucks, Cars and Electric Vehicles February 28, 2022
Slide 2: Forward-looking statements and non-GAAP information
This presentation contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements in this presentation include, without lim
Slide 3: Aemetis at a Glance
Aemetis at a Glance | An integrated energy transition platform Key Highlights ee i Delta /American /Japan Airlines to offtake | ‘$400mm market cap (NASDAQ: AMTX) (") '$2.5b of Sustainable Aviation Fuel | . 2 operating biofuel plants 4 planned SAFIRD biofuel plant ( Mission Strategy | Replace high ca
Slide 4: Third Generation Technology to Reverse Climate Change
Third Generation Technology to Reverse Climate Change 1st Generation Renewable Energy = Use the Sun’s energy Solar, Wind, Hydro and Nuclear do not absorb carbon from the atmosphere. These energy sources are slowing the rate of heating the Earth as coal and natgas plants continue to operate globally.
Slide 5: Below Zero Carbon Intensity Market Opportunity
Below Zero Carbon Intensity Market Opportunity Federal and California low carbon renewable fuel standards require oil refiners and other obligated parties to blend increasing amounts of renewable fuels into transportation fuel sold in the United States. Renewable fuels with “below zero” carbon inten
Slide 6: Highly Experienced Management and Board of Directors
Highly Experienced Management and Board of Directors Lydia Beebe – Former 38 years at Chevron, including Senior Chevron Corporate Officer for 20 years John Block – Former U.S. Secretary of Agriculture from 1981-86 under President Reagan Fran Barton - Former CFO of five high tech companies with reven
Slide 7: Circular Bioeconomy
Aemetis Circular Bioeconomy 7
Slide 8: Expansion Plans
Aemetis Expansion Plans 8 1. The information on this slide constitutes forward-looking statements. All projections are subject to change and based upon current expectations.
Slide 9: Projected Revenue Growth by Business Unit
Aemetis Projected Revenue Growth by Business Unit 9 The information on this slide constitutes forward-looking statements. All projections are subject to change and based upon current expectations.
Slide 10: Projected EBITDA Growth by Business Unit
Aemetis Projected EBITDA Growth by Business Unit 10 The information on this slide constitutes forward-looking statements. All projections are subject to change and based upon current expectations.
Slide 11: Projected Consolidated Revenues and Adjusted EBITDA
Projected Consolidated Revenues and Adjusted EBITDA 1 The information on this slide constitutes forward-looking statements. All Revenues, Net Income, and Adjusted EBITDA projections are subject to change and based upon current expectations. Revenue and Adjusted EBITDA Growth Plan 11
Slide 12: Net Income to EBITDA Reconciliation
Net Income to EBITDA Reconciliation Projected Consolidated Net Income to Adjusted EBITDA Reconciliation 1 12 The information on this slide constitutes forward-looking statements. All projections are subject to change and based upon current expectations.
Slide 13: Capital Expenditures by Business Unit
Aemetis Capital Expenditures by Business Unit 1. The information on this slide constitutes forward-looking statements. All projections are subject to change and based upon current expectations. Sources of Project Debt Funding: - USDA Renewable Energy for America Program (REAP) - California Tax-Free
Slide 14: Low Carbon Ethanol
Aemetis Low Carbon Ethanol: High octane, high oxygen, clean fuel for gasoline and Ethanol Fuel Cell electric vehicles 14
Slide 15: Plan for Revenue and Earnings Growth: California Ethanol Plant
Plan for Revenue and Earnings Growth: California Ethanol Plant 15 Reduced natural gas and electricity costs create $8 million of Projected EBITDA per year Reduced carbon intensity under LCFS generates $15 million of Projected EBITDA
Slide 16: Biogas: Negative Carbon Intensity Dairy Renewable Natural Gas
Aemetis Biogas: Negative Carbon Intensity Dairy Renewable Natural Gas for Trucks, Buses and Electric Vehicles 16
Slide 17: Plan for Revenue and Earnings Growth: Below Zero CI Dairy RNG Project
# Digesters Plan for Revenue and Earnings Growth: Below Zero CI Dairy RNG Project Aemetis Dairy RNG Digesters, Pipeline, Gas Cleanup and Utility Interconnection Project Constructing biomethane digesters at dairies connected by pipeline to a gas cleanup and compression facility at existing Aemetis et
Slide 18: Dairy RNG Project Funding Plan
Plan for Revenue and Earnings Growth: Below Zero CI Dairy RNG Project dRNG Project Funding Plan Automatically-redeemed preferred equity for $30 million (funded under 2019 financing) $23 million of California grants awarded for digesters, gas cleanup and interconnect to utility pipeline Grant for RNG
Slide 19: Sustainable Advantage in Below Zero Carbon Intensity Dairy RNG
Sustainable Advantage in Below Zero Carbon Intensity Dairy RNG Aemetis has established a significant competitive advantage with - 426 CI dairy Renewable Natural Gas in CA California passed Senate Bill 1383 to cause dairies to capture methane from dairy waste lagoons or buy LCFS credits to offset met
Slide 20: Carbon Zero Renewable Fuels Plants
Aemetis “Carbon Zero” Renewable Fuels Plants: Renewable Jet/Diesel Fuel Produced with Carbon Sequestration and Zero Carbon Intensity Electricity 20
Slide 21: Millions of Tons of Local Below Zero Carbon Intensity Feedstock
Millions of Tons of Local Below Zero Carbon Intensity Feedstock Biomass-to-Energy Plants Closing in California Biomass-to-Energy plants decreased from 33 plants to 5 plants Unable to compete with subsidized solar and wind energy More than 1.5 million acres of Almonds/Walnuts in California 2+ million
Slide 22: UC Davis Feedstock Study Results
UC Davis Feedstock Study Results 22 Study Conclusions Confirmed air emissions assumptions for carbon intensity score under LCFS Confirmed biomass growth and availability Projected feedstock pricing 20-year guaranteed supply due to lifecycle of trees
Slide 23: Below Zero Carbon Intensity Feedstock Contract Signed
Below Zero Carbon Intensity Feedstock Contract Signed 23 Negative carbon intensity feedstock supply agreement for orchard waste wood in Central California 20-year orchard waste wood supply agreement at fixed prices Signed with one of the largest almond wood and walnut wood processors in the world 13
Slide 24: Riverbank Industrial Complex Site Acquisition
Final acquisition agreement for the 125-acre Riverbank Industrial Complex site was signed in December 2021 Former U.S. Army Ammunition Plant 125 acres of industrial and commercial land 710,000 s.f. of existing buildings Railroad with 120 railcar storage 100% low carbon hydroelectric power with onsit
Slide 25: Carbon Zero Renewable Jet/Diesel Plants with Carbon Sequestration
“Carbon Zero” Renewable Jet/Diesel Plants with Carbon Sequestration Gasification Syngas to Hydrogen Biomass Feedstock (Negative CI) Orchard Wood Waste Vineyard Wood Waste Forest Waste (CI varies) Pre-Extraction of Sugars to Produce Cellulosic Ethanol at Keyes plant Feedstock Jet and Renewable Diesel
Slide 26: Projected Income Statement for Carbon Zero Plants
“Carbon Zero” Renewable Jet/Diesel Plants with Carbon Sequestration Projected Income Statement for Carbon Zero Plants1 Construction of the Aemetis “Carbon Zero” Renewable Jet/Diesel Plants with Carbon Sequestration implement patented technologies to produce high value, low carbon renewable fuels. 26
Slide 27: Carbon Capture and Sequestration for Renewable Fuels Plants and Refineries
Aemetis Carbon Capture: Carbon Capture & Sequestration (CSS) of CO2 for Renewable Fuels Plants and Refineries in California 27
Slide 28: Carbon Capture and Sequestration Projects in California
Aemetis Carbon Capture and Sequestration Projects in California Formerly an inland ocean now known as the Central Valley of California Light green area shows shale geological storage containing saline water for CCS Shale caprock layer at approximately 7,000 ft depth and basement layer below CO2 stor
Slide 29: Ethanol Plants Highest Value CCS Projects
Ethanol Plants are Largest Reduction in Costs = Highest Value CCS Projects 29
Slide 30: Emission Comparison and Capture Cost
Emission Comparison and Capture Cost Decreased Capture Cost with Pre-existing On Site CO2 Compression system Inverse relationship between plant emissions and storage capability Highest Emitters lack the geological positioning Aemetis has ability to receive CO2 by rail and inject into well 30
Slide 31: Carbon Capture & Sequestration Project Leaders
Aemetis Carbon Capture & Sequestration Project Leaders ATSI: Carbon Sequestration Project Manager, Engineering and EPC For more than 40 years, ATSI has provided world-class Front-End Engineering Design (FEED/FEL), project management, EPC and commissioning services Major projects completed at more th
Slide 32: Sustainability: Ethanol Production with Carbon Capture
Sustainability: riouRE a5 GENERAL BUSINESS CONFIGURATION OF AN ETHANOL PRODUCTION FACILITY WITH CARBON CAPTURE AND CO-LOCATED STORAGE a Qawnes marge = = =~ Positive cash flow (for duration of LCFS, assumed 1S years) indicates ethanol with CCS is an investable project. Source: Energy Futures Intsativ
Slide 33: International: India Distilled Biodiesel and Refined Glycerin Plant
Aemetis International: India Distilled Biodiesel and Refined Glycerin Plant 33
Slide 34: India Biodiesel/Glycerin Plant Fully Upgraded
34 India Biodiesel/Glycerin Plant Fully Upgraded 34 Significant tax penalty for diesel not containing biodiesel was adopted by India government in early 2022 to become effective October 2022, significantly increasing biodiesel demand.
Slide 35: Eric McAfee, Chairman/CEO
Aemetis, Inc. (Nasdaq: AMTX) Eric McAfee, Chairman/CEO eric.mcafee@aemetis.com 35