Greenlane Renewables Inc. · TSX:GRN
Greenlane Renewables — Investor Presentation (March 2024)
21 slides from Greenlane Renewables's investor presentation, March 2024
Slide 1: Accelerating the energy transition
Accelerating the energy transition INVESTOR PRESENTATION March 2024 TSX: GRN / FSE: 52G / OTC: GRNWF TSX: GRN | FSE: 52G | OTC: GRNWF
Slide 2: Important Disclosures
Important Disclosures Available Information Forward-Looking Statements Specified Financial Measures Greenlane Renewables Inc. (the “Company”) is a public (continued) Management evaluates the Company’s performance using a variety of company which is traded on the TSX (TSX: GRN), with its • expectatio
Slide 3: Greenlane is Accelerating the Energy Transition
Greenlane is Accelerating the Energy Transition Greenlane is driving change: accelerating the energy transition to a net-zero emissions economy. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transporta
Slide 4: Key investor highlights
Key investor highlights $90 billion 1st 0 We have deployed No debt We are cultivating 140+ systems additional large scale global global globally, the most market market biogas upgrading opportunities 3 opportunity capacity in our We have recently industry signed an agreement to establish We are the
Slide 5: by Greenlane
by Greenlane TSX: GRN | FSE: 52G | OTC: GRNWF
Slide 6: RNG is an Essential Tool in Fighting Climate Change
RNG is an Essential Tool in Fighting Climate Change Utilities Transportation RNG RNG Natural gas is a drop-in low allows gas utilities to reduce the engines carbon/carbon negative have existed for carbon intensity of substitute for decades for heavy- the energy they fossil natural gas provide to the
Slide 7: RNG Recognized as THE Low Carbon Fuel
RNG Recognized as THE Low Carbon Fuel Carbon Emitting Average 200 Range 100 86 100 50 44 36 0 gCO2e per MJ Fossil Renewable RNG RNG -52 -100 Diesel Natural Gas Waste Water Diesel Landfill Carbon Negative RNG Food Waste -200 -300 -331 -400 Carbon Intensity (or CI) for Heavy Duty -500 Vehicle Fuels by
Slide 8: Low Carbon is High Value
Low Carbon is High Value • The lower the Carbon Intensity, the HIGHER the credit value • RNG value derived from RINs under the US Renewable Fuel Standard (RFS) and Low Carbon Fuel Standard (LCFS) credits under State level programs in California, Oregon, Washington, 80 and New Mexico • Trading market
Slide 9: Significant Global Growth Through 2050
Significant Global Growth Through 2050 Opportunity by 2050 $90 Bn - APS $120 Bn - NZO Notes: Source: IEA World Energy Outlook 2022, October 2022 • • 1IEA Petajoule (PJ) = 36 bcme = 0.97 bcf = 0.95 trillion Btu = 0.28 TWh World Energy Outlook 2022 forecasts total biomethane demand by 2050 for Announc
Slide 10: Why Offer 3 Different Upgrading Technologies?
Why Offer 3 Different Upgrading Technologies? To remove different inert gases and impurities Not all biogas is created equally By offering different technologies, we have the widest market coverage. We know the best match for every application. Inert Gas Removal Impurity Removal High Methane Recover
Slide 11: New Compelling Sector-Focused Product Lines
New Compelling Sector-Focused Product Lines Cascade PSA LF Cascade H20 Pressure Swing Adsorption: Best for complex feedstocks. Water Wash: Best for removing impurities from biogas from Greenlane Cascade PSA LF delivers high quality RNG from highly variable feedstocks. Greenlane Cascade H2O delivers
Slide 12: New Compelling Sector-Focused Product Lines
New Compelling Sector-Focused Product Lines Cascade MS Cascade H2S Membrane Separation: Best for biogas from simple feedstocks Biogas Desulfurization: Every biogas project requires hydrogen such as dairy cow and hog manure. Greenlane Cascade MS sulfide removal. Greenlane Cascade H2S delivers an deli
Slide 13: The Right Product Mix – The Right Choice for Customers
The Right Product Mix – The Right Choice for Customers Standardized Product Lines for Full Market Coverage and Lower Costs ● Standardized product lines for 3 biogas upgrading technologies, plus proprietary biogas desulfurization technology ● Product coverage across all biogas sectors: agriculture, f
Slide 14: Emerging Markets Creating New Opportunities
Emerging Markets Creating New Opportunities ZEG Biogás Industrial Scale Volume Production Growth of RNG in Brazil, world’s largest sugarcane producing region ● Signed Collaborative Agreement April 2023 ● ZEG Biogás, 50% owned by VIBRA, previously the fuel distribution unit of Petrobras, granted excl
Slide 15: Active Competitors Selling Globally
Active Competitors Selling Globally TSX: GRN | FSE: 52G | OTC: GRNWF
Slide 16: Senior Management: Strong Track Record
Senior Management: Strong Track Record Ian Kane Monty Balderston Alex Chassels President and CEO CFO COO Joined as President & CEO in Joined as CFO in 2022 with 25 Joined as COO in 2022 with August 2023 with 25 years of years of professional over 20 years of global professional experience as an expe
Slide 17: Financials
Financials Fiscal year ended December 31 2022 2021 Third quarter ended September 30 2023 Revenue $71.2M $55.4M Revenue $10.1M Gross Margin(1) 24% 25% Gross Margin(1,2) 31% Adjusted EBITDA ($2.0)M $1.0 Adjusted EBITDA(1) ($4.5)M Sales Order Backlog(1) $46.7M Cash Balance $16.9M Revenue Growth Debt $n
Slide 18: Capital Structure
Capital Structure As at September 30, 2023lumn title Column title Common Shares Issued and Outstanding 153,232,771 Employee Options 6,199,418 Restricted Share Units 3,140,439 Fully Diluted Shares 162,572,628 Insider Ownership 10% Market Capitalization (as at March 1, 2024) $20 million Debt $0 millio
Slide 19: Key investor highlights
Key investor highlights $90 billion 1st 0 We have deployed No debt We are cultivating 140+ systems additional large scale global global globally, the most market market biogas upgrading opportunities 3 opportunity capacity in our We have recently industry signed an agreement to establish We are the
Slide 20: Thank you
Thank you For more information: Incite Capital Markets Eric Negraeff / Darren Seed 604.493.2004 IR@greenlanerenewables.com TSX: GRN | FSE: 52G | OTC: GRNWF 20 July 3, 2023
Slide 21: APPENDIX - Strong Underlying Macro Conditions
APPENDIX - Strong Underlying Macro Conditions RNG Produced Using Greenlane Systems Provides High Value Gas Utilities - RNG value of US$15 to US$30 per MMBtu under fixed price contracts ● 10 - 20 year long term offtake contracts with established counterparties make RNG projects bankable ● RNG is lowe
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