Aemetis, Inc · NASDAQ:AMTX
Aemetis — Investor Presentation (September 2019)
18 slides from Aemetis's investor presentation, Sep 11, 2019
Slide 1: Aemetis Presentation September 2019
Slide 2: Disclaimer
Disclaimer Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or event
Slide 3: At A Glance
At A Glance Aemetis is a renewable fuels company producing low carbon products to replace petroleum by the acquisition, development and commercialization of innovative technologies. = Current Operations - California Ethanol Plant at Keyes, California Key Facts as of June 2019 * 65 million gallon per
Slide 4: Our Market Opportunity
Our Market Opportunity = Federal and California low carbon renewable fuel standards require certain obligated parties to blend increasing amounts of renewable fuels into transportation fuel sold in the United States. =" Renewable fuels with lower carbon scores, such as dairy biogas and cellulosic bi
Slide 5: Highly Experienced Management and Board of Directors
Highly Experienced Management and Board of Directors Eric McAfee - Chairman of the Board and CEO "= Founder of Aemetis (NASDAQ: AMTX) and co-founder of $1.6 billion revenues Pacific Ethanol (NASDAQ: PEIX) * Founding shareholder of oil production company Evolution Petroleum (NYSE: EPM) * Founded seve
Slide 6: Plan for Revenue and Earnings Growth: California Ethanol Plant
Plan for Revenue and Earnings Growth: California Ethanol Plant Lowered Carbon Intensity score to increase Ethanol Production 65 million gallons EBITDA by $3 million per year (Q2 2019 Installing ZEBREX™ Mitsubishi membrane Wet Distiller’s Grains 430,200 Tons dehydration system to reduce natural gas u
Slide 7: Plan for Revenue and Earnings Growth: India Biodiesel Plant
Plan for Revenue and Earnings Growth: India Biodiesel Plant Biodiesel Capacity 50 million gallons Awarded $23 million India government contract for biodiesel supply in 2019 Refined Glycerin Capacity 15,000 Tons Built regional distribution locations for biodiesel, launching retail sales and wholesale
Slide 8: Plan for Revenue and Earnings Growth: Dairy Biogas System
Plan for Revenue and Earnings Growth: Dairy Biogas System
Slide 9: Plan for Revenue and Earnings Growth: Waste Wood Ethanol Plant
Plan for Revenue and Earnings Growth: Waste Wood Ethanol Plant Aemetis Waste Wood Ethanol Project A patented technology from InEnTec with proven gas fermentation technology from LanzaTech creates high-value, low- carbon cellulosic ethanol from waste wood generated from 1.5 million acres of almond an
Slide 10: Our Waste Wood Ethanol Plant Market Opportunity
Our Waste Wood Ethanol Plant Market Opportunity = The higher price obtained by producing renewable fuels with lower carbon intensity combined with reduced costs from using waste feedstocks significantly increases profit margins. Waste Wood Ethanol EBITDA 66% Traditional Ethanol Price EBITDA 3% G&A T
Slide 11: Waste Wood Ethanol Plant
Waste Wood Ethanol Plant Projected Income Statement for Waste Wood Ethanol Plant* 2020F 2021F 2022F 2023F Plant Capacity 13% 100% 100% 100% (Woo ae Revenue $11.3 $82.3 $82.1 $82.8 coGs 7.4 31.4 31.5 31.8 Operating Expenses 25 2.8 2.5 PS) Net iheonie (9.3) 36.4 37.2 31.4 Adjusted EBITDA $3.6 $56.5 $5
Slide 12: Revenue and EBITDA Growth Plan
Revenue and EBITDA Growth Plan Projected Consolidated Revenues and EBITDA Summary * Revenues (in milions) 2018 2019F 2020F 2021F 2022F 2023F California Ethanol Plant $150.0 $152.0 $153.4 $156.9 $157.2 $158.9 india Biodiesel Plant 215 48.4 87.7 116.1 167.7 212.9 Dairy Biogas System = 24 11.3 32.5 43.
Slide 13: Slide 13
Slide 14: Appendix A
Appendix A Aemetis, Inc. Project Investments (Amounts in miions) March 31, 2019 Comments California Ethanol Plant — physical assets $145 Build/upgrade cost California Ethanol Plant — development value 88 Development cost India Biodiesel Plant 22 Build/upgrade cost Dairy Digester System 9 Equity inve
Slide 15: Appendix B
Appendix B Aemetis, Inc. Capital Stack (Amounts in miiions, except EPS) March 31, 2019 Rate Terms Third Eye Capital and Related Entities - Notes $125.1 15.16% Senior Secured Subordinated Notes 16.1 8.14% Subordinated EB-5 Funding 38.5 1.00% Non-Callable Redeemable Preferred Equity 8.6 - - Total $188
Slide 16: Appendix C
Appendix C Aemetis, Inc. Income Statement (Amounts in miions, except 5) 2016 2017 2018 Revenue $143.2 $150.2 $171.5 cocs 131.6 146.8 166.1 Operating Expenses 12.4 15.6 16.3 Interest and Other Expenses 14.8 19.6 25.3 Net Income / (loss) $(15.6) $(31.8) $(36.2) Adjusted EBITDA $5.1 $(6.3) $(4.3) EPS $
Slide 17: Appendix D
Appendix D Aemetis, Inc. Balance Sheet saeaiaseimide mead 2016 2017 2018 Assets Current Assets $7.0 $11.5 $10.3 Property, Plant and Equipment 66.4 78.8 78.5 Goodwill, Intangibles and Other Assets 44 4.0 3.0 Total Assets $77.8 $94.3 $91.8 Liabilities and Equity Current Liabilities $27.2 $36.0 $42.6 L
Slide 18: Appendix E
Appendix E Aemetis, Inc. Adjusted EBITDA Cemcwots in mlfoms except EPS) 2016 2017 2018 Net loss attributable to Aemetis, Inc (15.6) $(30.3) $(33.0) Adjustments Interest expense 11.5 17.8 22.1 Depreciation expense 46 46 4.6 Share-based compensation 0.8 1.2 1.0 Loss on debt extinguishment (2.0) - “i e