current views and assumptions and involve known and unknown risks - PowerPoint PPT Presentation

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 events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words “ may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue ” and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those projected in such statements due to, without limitation: (i) general economic conditions, (ii) ethanol and gasoline prices, (iii) commodity prices, (iv) distillers grain markets, (v) supply and demand factors, (vi) transportation rates for rail/trucks, (vii) interest rate levels, (viii) ethanol imports, (ix) changing levels of competition, (x) changes in laws and regulations, including govt. support/incentives for biofuels, (xi) changes in process technologies, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures and (xiv) general competitive factors on a local, regional, national and/or global basis, (xv) natural gas prices, and (xvi) chemicals and enzyme prices. The matters discussed herein may also involve risks and uncertainties described from time to time in the company ’ s annual reports and/or auditors ’ financial statements. The company assumes no obligation to update any forward-looking information contained herein, and assumes no liability for the accuracy of any of the information presented herein as of a future date. Non-GAAP Financial Information We have provided non-GAAP measures as a supplement to financial results based on GAAP. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is included in the accompanying supplemental data. Adjusted EBITDA is defined as net income/(loss) plus (to the extent deducted in calculating such net income) interest expense, loss on extinguishment, income tax expense, intangible and other amortization expense, depreciation expense, and share-based compensation expense. Adjusted EBITDA is not calculated in accordance with GAAP and should not be considered as an alternative to net income/(loss), operating income or any other performance measures derived in accordance with GAAP or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA is presented solely as a supplemental disclosure because management believes that it is a useful performance measure that is widely used within the industry in which we operate. In addition, management uses Adjusted EBITDA for reviewing financial results and for budgeting and planning purposes. EBITDA measures are not calculated in the same manner by all companies and, accordingly, may not be an appropriate measure for comparison. 2

Aemetis is an international renewable fuels and biochemicals company. Using patented industrial biotechnology, our mission is to convert first generation ethanol and biodiesel plants into advanced biorefineries using waste materials to produce high value products. Traditional Advanced Non-Food, Low Corn Ethanol Biofuels Carbon, Less and Vegetable (Sorghum/Non- Land Use - Oil Biodiesel food Feedstock) Fuels/Chemicals 3

Founded in 2006 by biofuels Owner and licensee of granted Own/operate 60M gallon industry veteran (co-founder ethanol plant in California - patents on technology to produce of Pacific Ethanol and EPM) Largest biofuels refinery advanced biofuels and in the state biochemicals $143M revenue for Own/operate 50M gallon Technologies for 2016 Distilled Biodiesel and Glycerin Cellulosic Ethanol and refinery in India Renewable Jet/Diesel Significant India revenue growth without large additional capital expenditures 4

5

6

Eric McAfee - Chairman and CEO • Founder of Aemetis (NASDAQ: AMTX) and co-founder of Pacific Ethanol (NASDAQ: PEIX) • Founding shareholder of oil production company Evolution Petroleum (NYSE: EPM) • Founded seven public companies and funded twenty-five private companies as principal investor in energy, agriculture and technology as Silicon Valley investor Todd Waltz - EVP and CFO • Joined Aemetis in 2007 Harold Sorgenti - Longtime President of • Served in senior financial management roles with Apple, Inc. for 12 years ARCO Chemical Company (Sold for $5 • Ernst & Young CPA billion) John Block - Former Secretary of Andy Foster - EVP and President, Aemetis Advanced Fuels Agriculture from 1981-86 under • Joined Aemetis in 2006 President Reagan • Senior executive at three Silicon Valley tech companies • Served in the George H.W. Bush White House (1989-1992) as Associate Director - Office of Political Affairs and as Deputy Chief of Staff for Illinois Governor Edgar for five years Fran Barton - Former CFO of five high tech companies with revenues above $1B Sanjeev Gupta - EVP and President, Aemetis International • Joined Aemetis in 2007 Dr. Steven Hutcheson - Molecular • Previously head of petrochemical trading company with about $250M of annual genetics founder of Zymetis, acquired in revenue and offices on several continents 2011 by Aemetis Satya Chillara - VP, Corporate Development and Investor Relations Lydia I. Beebe – Former Corporate Officer • 24 years of experience in the Cleantech and Semiconductor industries of Chevron Corporation • 14 year career on Wall Street as a Equity Research Analyst • Managed $300M product line 7

8

Crude Oil Price is recovering Source: Macrotrends.Net 9

In order to meet the federal Renewable Fuel Standard, obligated parties are required to blend ethanol and biodiesel in increasing U.S. Renewable Fuel Standard quantities each year 40.0 “Conventional Biofuels” must reduce greenhouse gas Billions of Gallons 30.0 emissions by 20% relative to gasoline or diesel and 20.0 “Advanced Biofuels” must reduce greenhouse gas 10.0 emissions by 50% 0.0 15 billion gallons per year (BGY) of ethanol mandated in 2009 2011 2013 2015 2017 2019 2021 2017, with current capacity of 16 BGY Biomass- 0.5 0.7 0.8 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 based Diesel 24 month termination of excess RIN’s, higher ethanol Non- cellulosic 0.1 0.2 0.3 0.5 0.8 1.0 1.5 2.0 25 3.0 3.5 3.5 3.5 4.0 blends (E15 and E85) and export markets to drive Advanced Cellulosic supply/demand into balance in 2017 and beyond 0.0 0.1 0.3 0.5 1.0 1.8 3.0 4.3 5.5 7.0 8.5 10.5 13.5 16.0 Advanced Conventiona 19.5 12.0 12.6 13.2 13.8 14.4 15.0 15.0 15.0 15.0 15.0 15.0 15.0 15.0 l Biofuels 10

Renewable Diesel California LCFS Carbon Credit Generation by Fuel Type, 2011-2015 17% Ethanol Electricity Biodiesel Renewable Diesel BIO-CNG Ethanol 51% 17% Biodiesel BIO-LNG Fossil CNG Fossil LNG 5% 4% 3% 2% Source of credits through Q1 2014: California Air Resource Board. “Low Carbon Fuel 0% 1% Standard Re- Adoption: Fuel Availability.” Sep, 25 th 2014. 11

Aemetis cellulosic ethanol selling price is Aemetis Biodiesel plant approved for approximately $4.50/gallon California LCFS pathways in 2016 • D3 RIN worth $2.20 per gallon India biodiesel plant was approved for low • LCFS premium is $0.70-$0.80 per gallon carbon fuel standard pathways in California for in the CA market Used Cooking Oil and Tallow feedstock. • Federal $1.01/gallon tax credit for Aemetis presently receives LCFS premium of cellulosic ethanol ~$0.10 per gallon for ethanol sold in the CA market. Corn ethanol carbon intensity (CI) score is CI score for cellulosic ethanol is in the range of 20-30 about 30% less than gasoline. 12

5.0% 6.4% 1.5% 4.1% 8.9% 13.0% India diesel market size ~25B gallons 5x bigger than gasoline market 6.4% 3.2% 0.5% $10B diesel subsidy eliminated in October 2014 9.5% 70% Diesel consumption transport and 30% 28.2% non-transport by Market Segment 13 of the 20 most polluted cities in the world Tractors, Agri Implements Aviation/Shipping Cars & Uvs- Private Biodiesel is a lower-cost, cleaner alternative fuel and Agri Pumpset Railways with 80% less emissions Industry- Genset Cars & UVs- Commercial 3 Wheelers- Passenger/ Industry- Other Purpose Goods Others (Genset for non- HCV/LCV industry) Mobile Tower Buses 13

May 2017 Oct 2014 BP Singapore enters into 3 year agreement for Aemetis to supply India government biodiesel into international eliminates about $10 50 MGY biodiesel and markets for up to 100% of India billion of annual subsidies refined glycerin plant plant capacity for diesel and other fuels, built in India by Aemetis increasing the price of can produce about diesel and biodiesel in $150M revenues at full Aemetis wins 7,500 ton, $6 India to world market capacity million contract with Indian prices Government Oil Marketing Companies (OMCs). OMCs distribute 90%+ of the fuel in India 14

15