Gevo, Inc. · NASDAQ:GEVO
Gevo — Investor Presentation (September 2020)
20 slides from Gevo's investor presentation, September 2020
Slide 1: Overview September 2020
Overview September 2020 Patrick Gruber, CEO
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Any statements in this presentation about our future expectations, plans, outlook and prospects, and other statements containing the words “believes,” “anticipates,” “plans,” “estimates,” “expects,” “intends,” “may” and similar expressions, constitute forward-looking state
Slide 3: We all have a problem, and it can't be ignored
WE ALL HAVE A PROBLEM, AND IT CAN’T BE IGNORED GHG’s Pollution Pollution THERE IS NO PLANET B SKOLSTREJK FOR KLIMATET 3
Slide 4: Mega-trend: growing GHGs drives growing concern that something must be done
MEGA-TREND: GROWING GHG’S DRIVES GROWING CONCERN THAT “SOMETHING” MUST BE DONE LEADS TO FOSSIL CARBON REDUCTIONS BEING VALUABLE, CREATES MARKETPLACE FOR LOW FOSSIL FOOTPRINT FUEL PRODUCTS Record Levels of CO2 in the Atmosphere are Continued Consumption of Fuels(1) Brand Owners are recognizing Drivin
Slide 5: Going after the whole gallon with an ultra-low carbon score
WE ARE GOING AFTER THE “WHOLE GALLON” WITH AN ULTRA-LOW CARBON SCORE Paradigm Shift • Production is proven • Works with all types of engines • Works with all ages of vehicles • Compatible with fuel infrastructure (tanks and pipelines) • Easy to adopt Possible to replace all the fossil hydrocarbons i
Slide 6: An advanced generation of low carbon drop-in transportation fuel
AN ADVANCED GENERATION OF LOW CARBON DROP-IN TRANSPORTATION FUEL Target Markets/Products (>955 BGPY) Jet Fuel Raw Materials • Production technologies work • Products work Gasoline (Isooctane) • Markets are developing • We are selling products Oxygenated Blendstocks for Gasoline • We still need to ac
Slide 7: Our technology leverages the best of biology and chemistry
OUR TECHNOLOGY LEVERAGES THE BEST OF BIOLOGY AND CHEMISTRY IP Portfolio Valued at +$400 million* Proprietary Proprietary Isooctane (gasoline) Photosynthesis Fermentation Catalytic and Processing Technologies Chemistry (GIFT®) Carbon Dioxide Carbohydrate (sugars) Isobutanol Water Jet Fuels Proprietar
Slide 8: Gevo Jet Fuel
GEVO JET FUEL 8
Slide 9: Products work, we are building experience
PRODUCTS WORK, WE ARE BUILDING EXPERIENCE FARNBOROUGH AIRPORT CHICAGO O’HARE BRISBANE AIRPORT VAN NUYS FARMINGDALE NEW YORK AIRPORT 9
Slide 10: Renewable gasoline (isooctane) in performance fuels
RENEWABLE GASOLINE (ISOOCTANE) IN PERFORMANCE FUELS Start with high value niche Up to 4MGPY under take-or-pay contract 10
Slide 11: Circular, earth-friendly business model
CIRCULAR, EARTH-FRIENDLY BUSINESS MODEL Gevo’s Business System, From Raw Materials to Renewable Fuels, Exemplifies the Circular Economy in Action Driving the Life-cycle GHG’s Emissions of Jet, 100g/MJ Gasoline, and Diesel to Net Zero CO2 Emissions 0g/MJ CO2 Emissions Soil Carbon Capture has Potentia
Slide 12: Leveraging sustainable agriculture can drive footprint lower
LEVERAGING SUSTAINABLE AGRICULTURE CAN DRIVE FOOTPRINT LOWER! And produce protein too Agriculture improvements are practical and being done • Sequester carbon in the soil • Higher yield • Less inputs ISCC PLUS Certified Farm (49gCO2e/kg) Companies such as Indigo, Farmers Business Network, and Locus
Slide 13: Global certifications and transparency
Purpose of Gevo’s outreach GLOBAL CERTIFICATIONS AND TRANSPARENCY RSB ISCC Adheres to the UN’s 12 Principles: ISCC PLUS certification enables Gevo is partnering with Gevo to validate the responsible Blocksize Capital to establish a nature of its liquid transportation blockchain technology for fuels
Slide 14: Overview of Gevo
OVERVIEW OF GEVO PRODUCTS, PRODUCTION TECHNOLOGY PROVEN, NOW MARKET TRACTION HAS BEGUN Business Overview Facilities Overview • Headquarters: Englewood, CO • Corporate Headquarters (Englewood, CO) – Offices and Labs • Founded: 2005 • Alcohol Production Facility (Luverne, MN) –1.5 MGPY IBA. • Markets
Slide 15: Growing demand for Gevo fuels
GROWING DEMAND FOR GEVO FUELS (2) Product Mix Max Renewable Volume (1) Gasoline Stage (000 GPY) SAF Products(3) Total gallons under contract 48,600 49% 51% Total in contract review/finalization stage 30,500 84% 16% Total in discussion and/or diligence stage 87,210 64% 36% Total Gallons in Developmen
Slide 16: Business model: technology provider, project developer, operator
BUSINESS MODEL: TECHNOLOGY PROVIDER, PROJECT DEVELOPER, OPERATOR BUILD PLANTS VIA PROJECT FINANCE, COLLECT ROYALTIES, COLLECT FEES, RECEIVE EQUITY Gevo, Inc. Role: Making Money • Establish Off-take Contracts Gevo Incorporated • Quality and Sustainability Compliance for Licensees • Technology Royalty
Slide 17: Luverne facilities expansion
LUVERNE FACILITIES EXPANSION CLEAR, CONCRETE VISIBILITY ON EXECUTION, LEVERAGING EXISTING INFRASTRUCTURE CURRENT EXPANDED 6 750,000 bu corn CURRENT storage 1 Four 265,000 Gallon Fermenters. 9 Expanded Original Fermenter to 5 7 One Purpose Built for Isobutanol 500,000 Gallon 4 8 Product Storage 3 2 D
Slide 18: Business summary
BUSINESS SUMMARY Business Strategy: The Problem: Gevo has shown that the technologies work and that products have • Fossil fuels emit fossil greenhouse gasses (GHGs) potential to meet the market needs. Aggregate the demand of renewable IBA, jet fuel, and hydrocarbons and • Companies want to miti
Slide 19: Other key information
OTHER KEY INFORMATION • Cash • $81.7 Million (8/30/2020) • Debt • 2020/2021 Notes (Whitebox): $12.5 million principal (8/30/2020) • Common Shares Outstanding • ~118.3 million (8/30/2020) • Warrants Outstanding • 3.9 million @ weighted avg of $0.60/share (8/30/2020) • 51k @ weighted avg of $164.32/sh
Slide 20: For additional information about Gevo
Purpose of Gevo’s outreach FOR ADDITIONAL INFORMATION ABOUT GEVO These short videos explain more about Gevo, our process, business system, and how we think about sustainability Working Toward Zero Carbon Footprint (2:46): https://vimeo.com/440219829 PAST Food and Fuel (1:19): https://vimeo.com/44022