Gevo, Inc. · NASDAQ:GEVO
Gevo — Q4 2021 Earnings Presentation
11 slides from Gevo's earnings presentation, Feb 24, 2022
Slide 1: Q4 2021 Earnings Call Presentation
Q4 2021 Earnings Call Presentation i¢ ZeVO February 24, 2022
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Any statements in this presentation about our future expectations, projections, estimates, plans, outlook and prospects, and other statements containing the words “believes,” “anticipates,” “plans,” “estimates,” “expects,” “intends,” “may” and similar expressions, constitu
Slide 3: Highlights
%gevo Axens %gevo’ Xolmar HIGHLIGHTS Gevo Inks Largest Supply Agreement To-Date for Renewable Fuels Gevo and Axens Ink All Technology and Sust Project Development nce for Ethanol-to-Jet able Avi ion Fuel Commercial Kolmar Deal Valued at Up to USS2.4 Billion over Eight Years ‘eeu000 cao 2024008 NEWSM
Slide 4: Carbohydrates to SAF: The Net-Zero Business System
CARBOHYDRATES TO SAF: THE NET-ZERO BUSINESS SYSTEM Goal is to achieve 1BGPY of capacity or more by 2030 Net-Zero Plant Concept j \ Drop-In SAF, Carbohydrate Rich Intermediate Plant-Based Alcohols Renewable Fuels and Feedstocks Sustainable Chemicals Fermentation Process Catalytic Technology Transform
Slide 5: Demand Is Increasing Especially for SAF
DEMAND IS INCREASING ESPECIALLY FOR SAF Estimated Fuel Demand in 2030 Market Traction (Billions of Gallons) ~ 98 MMGPY >15 Bony Total Vc tal e SAF @ 20% Global Jet Demand TT 35 Cont SAF @ 10% Global Jet Demand BH 23 cADiesel** is >$30 billion _~$3 billion Financeable Off- A 0 10 2 30 4 50 6 7 9 90 1
Slide 6: Net Zero-1 Update
NET ZERO-1 UPDATE + We believe that the Net-Zero Plant concept will work for the ethanol production integrated into SAF process, so we've adjusted our plans for our Net-Zero 1 project ("NZ1”) to use ethanol rather than isobutanol (“IBA”) — We have an exclusive license in the U.S. with Axens for conv
Slide 7: Net-Zero 1: Being Engineered Now--Expected to Be Operating in 2025
NET-ZERO 1*: BEING ENGINEERED NOW--EXPECTED TO BE OPERATING IN 2025 One site, Multiple “Off-the-Grid’** integrated plants: Mill, Protein, Oil, Chemical and Hydrocarbon Plant Projected Net-Zero 1 Project EBITDA: ~$150-200M/yr (Based on current assumptions)***, ~$900M Total Capex (financed and install
Slide 8: Planning More Capacity Faster
PLANNING MORE CAPACITY FASTER Build-out based on existing ethanol capacity + We don't have to invest in fermentation and grind ¢ We'd work with ethanol plant owners to decarbonize their plants * We'd bring our technology package to optimize ethanol and energy integration for SAF production + We'd br
Slide 9: Capacity of 355,000 MMBTU will be 5th largest dairy RNG project
+ Capacity of 355,000 MMBTU will be 5" largest dairy RNG project ever done in US* + Expected to be completed on time and in budget. Startup expect to inject RNG into pipeline starting in 2Q 2022 + Once we have 3 months of steady state operation, we can file for LCSF pathway. Because of the backlog a
Slide 10: Gevo Hydrocarbon Plant Under Construction
GEVO HYDROCARBON PLANT UNDER CONSTRUCTION pray Innovate + Integrate + Deliver Hydrocarbon Plant under construction in India Praj is building a small isobutanol to SAF plant 3,000mt/y expected to be delivered in 2022 Expected to be installed in Luverne, MN in 4Q of 2022 Expected to supply isooctane,
Slide 11: 2021 Financials + Corporate Cash Burn
2021 FINANCIALS + Corporate Cash Burn — Total 2021: ~$18 million* — Built team and capabilities to execute business plan + Engineering Cash, Cash Equivalents, + Operations for NZ1 Restricted Cash, and ~$476 million (12/31/2021) Marketable Securities + Carbon tracking and Verity + Re-staffed Luverne,