BEYOND NET-ZERO - DECEMBER INVESTOR DECK

December 2021

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, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including risks relating to: our Net-Zero 1 Project and other projects; our financial projections concerning our Net-Zero 1 Project, including, but not limited to, capital costs, project revenue, Project EBITDA, levered internal rates of return and projected cash distributions; the status of the engineering work for our Net-Zero 1 Project; our growth plans and strategies; our technologies; our ability to obtain and maintain certifications related to our products; our ability to enter into additional contracts to sell our products; the status of our contract discussions and negotiations; memoranda of understanding, discussions and negotiations relating to potential projects; our projected revenues or sales; our ability to perform under current or future contracts; our ability to become profitable; our ability to finance our Net-Zero Projects; and other factors discussed in the "Risk Factors" of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and in other filings that we periodically make with the Securities and Exchange Commission. In addition, the forward-looking statements included in this investor presentation represent our views as of the date of this investor presentation. Important factors could cause our actual results to differ materially from those indicated or implied by forward- looking statements, and as such we anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this investor presentation.

2

CHANGING WHAT IS POSSIBLE: CREATING A LOW-CARBON FUTURE

TRANSFORM RENEWABLE ENERGY INTO LIQUIDS

ENABLES DECARBONIZATION OF FOOD, FUELS, CHEMICALS AND MATERIALS

  • We intend to transform renewable energy sources into a "drop in" fungible hydrocarbons for fuels and chemicals
  • We intend to manage and HOLD
    ACCOUNTABLE carbon and sustainability across the whole business system catalyzing change in agriculture, forestry, and biomass sourcing
  • We are developers and investors in biogas, wind electricity, in addition to hydrocarbons

3

DROP-IN GASOLINE, JET FUEL, AND OTHER HYDROCARBONS WITH

NET-ZERO GHG EMISSIONS WHEN BURNED, AND IN THE US LOTS OF PROTEIN TOO

Raw Materials

Most carbohydrate-based raw

material can work

High-value Protein (Pet Nutrition/Aquaculture )(1) & Oil

Jet Fuel

Renewable Premium

Gasoline (Isooctane)(2)

Oxygenated Blendstocks for

Gasoline(Isobutanol)

Diesel (Future Intent)

  • Proven technology in production and product use. Carbohydrates to alcohols to drop in hydrocarbons
  • The value of carbon can now be priced
  • We believe we have customer demand to require multiple large plants
  • We are using a financeable contract approach, successfully, with customers
  1. Added to end products

(2)

Certain regulatory approvals required in some jurisdictions.

4

DEMAND IS INCREASING: WE BETTER THINK BIGGER, SOONER

Contract Portfolio

Increasing Market Traction

  • Large, Growing Portfolio
    • Approximately $1.6 billion(1) in financeable contracts in place
    • Additional >$20 billion(2) actively being discussed or negotiated with high-quality customers

Long-Term: Majority of contracts have 6-7 year terms once the production facility begins production

Recent MOUs/Deals to Support SAF Production

46 MMGPY

Planned Capacity of

Single Gevo

Renewable Fuels

Plant(4)

~$1.6 billion

Financeable Off- Takes (signed)(1)

Gasoline

Jet Fuel

54 MMGPY

Total Volumes

Currently

Contracted

>$20 billion

Financeable Off-

Takes (negotiations and

discussions)(2)

Global

Companies

Global

Companies

>1 BGPY

Total Volumes in

Contract

Development

Pipeline

Other Off-Takes(3)

City of Seattle

  1. The estimate is based on certain revenue assumptions in the contracts, including the value of certain environmental credits and the sales price of the fuel. This estimate represents the revenue over the entire term of the contracts

(2)

Calculated as in (1) and represents an estimate of potential outcomes depending on discussions and negotiations. There can be no guarantee that any of these contracts get executed and close. They are being discussed and/or negotiated

5

(3)

Includes distributors and end customers

(4)

Based on Project Net-Zero 1

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Gevo Inc. published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 16:20:07 UTC.