Xcf Global, Inc. · NASDAQ:SAFX
Xcf Global — XCF Global Capital — SPAC Merger (March 2025)
32 slides from Xcf Global's SPAC merger presentation, March 2025
Slide 1: Flying Clean with Sustainable Aviation Fuels
FLYING CLEAN WITH SUSTAINABLE AVIATION FUELS INVESTOR PRESENTATION / MARCH 2025
Slide 2: Disclaimer
DISCLAIMER This presentation and any accompanying oral presentation (this “Presentation”) is provided for information purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Focus Impact BH3 Acquisition
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This Presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “shoul
Slide 4: Forward-Looking Statements (Cont'd)
FORWARD-LOOKING STATEMENTS (CONT’D) Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Neither XCF nor Focus Impact has independently verified the data contained from t
Slide 5: Forward-Looking Statements (Cont'd)
FORWARD-LOOKING STATEMENTS (CONT’D) Use of Projections (Continued) The projected financial results reflect numerous assumptions, including assumptions with respect to general business, economic, market, regulatory and financial conditions, and various other factors, all of which are difficult to pre
Slide 6: Focus Impact BH3 Acquisition Co. Investing in Socially Forward Companies
FOCUS IMPACT BH3 ACQUISITION CO. INVESTING IN SOCIALLY FORWARD COMPANIES Carl Stanton Focus Impact BH3 Acquisition Co. Overview Chief Executive Officer • Focus Impact BH3 is a SPAC sponsored by Focus Impact Partners with a vision of bringing a great company that is creating a positive impact for the
Slide 7: Investment Highlights
INVESTMENT HIGHLIGHTS Strong Regulatory and Market Tailwinds for Sustainable Fuels Shift in customer sentiment and new regulatory policies in the US and Europe provide massive tailwinds for both SAF supply and demand, driving a need for additional plants Early Mover Advantage Expect to be positioned
Slide 8: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM XCF has assembled a world-class management team with decades of experience, a strong track record of success and proven ability to execute Mihir Dange Simon Oxley Gregg Surette Chief Executive Chief Financial Chief Strategy Officer Officer Officer Randy Soule 3rd Party Op
Slide 9: XCF Global at a Glance
XCF GLOBAL AT A GLANCE Site 1 – New Rise Reno, NV • Long term agreement with Phillips 66: – Provide non-food feedstock – Offtake of renewable fuels • On-site rail and trucking lines • Patent pending design XCF Global Capital intends to be a leading producer of sustainable 38M (1) aviation fuel in No
Slide 10: Aviation's Disproportionate Impact
AVIATION’S DISPROPORTIONATE IMPACT(1) Aviation’s share of global energy-related CO2 emissions has grown faster in recent decades than rail, road or shipping(2) International Aviation: 145.8% Share of Global CO2 Emissions International Shipping: 33.8% Domestic Transport: 23.8% Land Use and Forestry:
Slide 11: What Is Sustainable Aviation Fuel?
WHAT IS SUSTAINABLE TRADITIONAL JET FUEL SAF AVIATION FUEL? SOURCES Crude Oil & Non-Food Feedstock / SAF can be made from a variety of non-food feedstocks Fossil Fuel Biomass via multiple technical pathways, each with different levels of sustainability PROCESS • SAF is synthetic kerosene derived fro
Slide 12: Aviation Industry Working Toward Decarbonization
AVIATION INDUSTRY WORKING Major US Airlines Express Support for SAF(4) TOWARD DECARBONIZATION Airline SAF Target Climate Target Top-Down Emissions Reduction Policies 10% by 2030 Net zero 2050 Consistent with International Air Transport Association (“IATA”) emissions reduction targets, many airlines
Slide 13: SAF: Fueling Green Aviation
SAF: FUELING GREEN AVIATION SHARE OF EQUITY INVESTMENTS INTO GREEN AERO TECH COMPANIES BY VERTICAL(2) “SAFs are the only viable near-term option to decrease emissions in the aviation sector, as they are compatible with current aircraft 3.0% engines and fueling infrastructure and can power flights wi
Slide 14: XCF's Full Suite of Capabilities
XCF’S FULL SUITE OF CAPABILITIES XCF is bringing together a wide range of capabilities to become a leading SAF producer and building a strong foundation for continued expansion Growing Operating Base Reliable, Proven Technologies Versatile Feedstock Base Financing • XCF completed acquisitions of • L
Slide 15: Combine Onsite Feedstock Pretreatment with HEFA Technology
COMBINE ONSITE FEEDSTOCK PRETREATMENT WITH HEFA TECHNOLOGY XCF facilities employ a two-stage process to production, adding a pretreatment stage prior to hydrotreatment Hydroprocessed Esters and Fatty Acids (“HEFA”) HEFA technology involves converting fats, oils and greases (FOGs) into Pretreatment o
Slide 16: Reliable and Proven Hydrotreating Technology
RELIABLE AND PROVEN HYDROTREATING TECHNOLOGY New Rise’s hydrotreating technology increases yield, lowers operating costs and allows for feedstock flexibility + + Proprietary Hydrogenation Sustainable Aviation Fuel Technology Ag Oils, Animal Fats Energy Hydrogen & Pyrolysis Oils 1 Renewable non-food
Slide 17: Long-Term Agreement with World-Class Partner
Supply & Offtake Agreement 15-year contract term Well-known Fortune 50 company Stable feedstock supply Visibility on offtake LONG-TERM AGREEMENT World-Class Partnership Phillips 66, New Rise’s feedstock and prioritized offtake partner, is a top global energy company with brand WITH WORLD-CLASS recog
Slide 18: Favorable Regulatory Environment
FAVORABLE REGULATORY ENVIRONMENT Renewable Fuel Standard (RFS) Credit Pricing • Federal mandate to incorporate renewable content into transportation fuels • Authorized under the Energy Policy Act of 2005 • Stipulates amount of renewable fuel that must be blended into transportation fuel; $0.36-3.45(
Slide 19: Governments Are Setting Targets to Use SAF
GOVERNMENTS ARE SETTING TARGETS TO USE SAF Governments around the world are setting targets to use Sustainable Aviation Fuels USA EUROPE Sustainable • Targets 35% lower emissions by 2035; net Fit for 55(4) • Committed to reduce emissions by 55% by Aviation Fuel zero by 2050 2030 Act(1) • Mandates EP
Slide 20: XCF Is Ahead of Its Competition
XCF IS AHEAD OF ITS COMPETITION XCF holds a strategic early-mover advantage, with an operating SAF production facility in Reno, Nevada and a proven design that can be replicated across the nation Map Legend Status Sites Operational 6 Under Construction 4 Proposed / Under 19 Development Source: Compa
Slide 21: Summary Financial Projections
SUMMARY FINANCIAL PROJECTIONS ($M) • SAF production facility in Reno, Nevada began commercial production in February 2025 (1) • Adjacent SAF production facility to be developed 2025E and expected to begin operations in Nevada in Production Volume (M, Gallons) 37.9 2027, with Florida and North Caroli
Slide 22: Multiple Levers for Continued Growth
MULTIPLE LEVERS FOR CONTINUED GROWTH NEAR-TERM LONG-TERM EXISTING PIPELINE FEEDSTOCK PROCUREMENT DECARBONIZATION BUILDOUT AND SUPPLY CHAIN SOLUTIONS Existing owned and leased sites OPTIMIZATION Carbon capture, utilization and expected to come online 2027-2028 In conversations to form a joint storage
Slide 23: Efficient Site Development with Attractive Returns
EFFICIENT SITE DEVELOPMENT WITH ATTRACTIVE RETURNS Target Delivery Schedule YEAR 1 YEAR 2 YEAR 3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Plant Construction Post-Construction / Pre-Build / Financing Arrangements Operations Month 0-2 Month 3-9 Month 10-12 Month 13-28 Month 29-32 Month 33+ Land Acquisition
Slide 24: XCF's Public Peer Universe
XCF’S PUBLIC PEER UNIVERSE Renewable Natural Gas and Other Renewable Diesel / SAF Producers Biofuels Producers • Key players competing in the drop-in • Key players producing renewable renewable fuels space natural gas or other biofuels Established Production • Some players are either developing •
Slide 25: Transaction Overview
TRANSACTION OVERVIEW Transaction Highlights Sources & Uses Deal Structure Sources ($M) Uses ($M) • Existing XCF shareholders rolling 100% of their equity and will have a pro forma equity ownership of 92.3% XCF Rollover $1,366 Equity to XCF $1,366 Valuation XCF Rollover Equity Related Equity to XCF C
Slide 26: Appendix
APPENDIX 26
Slide 27: SAF Offtake Agreements in 2024
SAF OFFTAKE AGREEMENTS IN 2024(1) Total Offtake Volume Purchaser Fuel Producer Announcement Date Term of Offtake Agreement Commentary (M Gallons) • HSBC, Cathay Pacific and EcoCeres partner for major sustainable November 27, 2024 1.1 aviation fuel initiative in Hong Kong • MOU for long-term supply o
Slide 28: SAF Offtake Agreements in 2024
SAF OFFTAKE AGREEMENTS IN 2024(1) Total Offtake Volume Purchaser Fuel Producer Announcement Date Term of Offtake Agreement Commentary (M Gallons) • First SAF supplied in Canada by Shell Aviation April 21, 2024 • Uses Avelia, blockchain-powered digital SAF Book-and-Claim • SABA members working with a
Slide 29: Risk Factors
RISK FACTORS Certain factors may have a material adverse effect on our business, financial condition and results of operations. If any of the following risks actually occur, either alone or in combination with other events or circumstances, our business, financial condition, results of operations an
Slide 30: Risk Factors (Cont'd)
RISK FACTORS (CONT’D) • We face competition from established SAF producers and expect additional competition from new entrants currently developing SAF production facilities and possible additional entrants in the future, many of whom have greater resources and experience than we do. • Future entran
Slide 31: Risk Factors (Cont'd)
RISK FACTORS (CONT’D) • Inflation may adversely affect our profitability by increasing our costs. • Natural or man-made disasters, social, economic and political instability, pandemics, epidemics or other disease outbreaks, and other similar events may significantly disrupt our and our customers’ bu
Slide 32: Thank You
THANK YOU. XCF Global