Gevo : Investor Presentation - December 2

Investor Presentation - December 2020

Patrick Gruber, CEO

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 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: the success of our sales and production efforts in support of the commercialization of our products; our growth plans and strategies, including the planned expansion of our facilities; our technologies; the sizes of markets for our products; the benefits and characteristics of our products; our ability to obtain and maintain certifications related to our products; memoranda of understanding, discussions and negotiations relating to potential projects; our ability to raise funds to continue operations or fund growth projects; our projected revenues or sales; our ability to perform under current or future contracts; our ability to become profitable; laws and regulations supporting or providing economic advantages to low-carbon products; the potential that adverse changes could be made to laws and regulations supporting or providing economic advantages to low-carbon products; 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, 2019 and in other filings that we periodically make with the SEC. 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.

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OVERVIEW OF GEVO

PRODUCTS, PRODUCTION TECHNOLOGY PROVEN, NOW MARKET TRACTION HAS BEGUN

Business Overview

• Headquarters: Englewood, CO
• Founded: 2005
• Markets Served: Renewable gasoline, Renewable Jet Fuel, Renewable Diesel (future), Specialty Oxygenate Blendstocks
• Proprietary technology position (patents and know-how) covering isobutanol hydrocarbon fuels and chemicals technologies
• Technologies proven to work
• Products: Jet Fuel, Isooctane, Feed, Corn Oil, IBA
• Employees: ~26 (20 in Colorado, 6 in Minnesota) + 20 Contractors

Facilities Overview

• Corporate Headquarters (Englewood, CO) - Offices and Labs
• Alcohol Production Facility (Luverne, MN) -1.5 MGPY IBA. Production proven in full scale fermenter system
• Jet and Isooctane Biorefinery* (Silsbee, TX) - 100 KGPY of capacity. Operating since 2011, selling jet and isooctane for gasoline
• Potential Greenfield Facility (Lake Preston, SD) - To Be Built 40MMGPY IBA plant and 45MMGPY Hydrocarbon Plant

Luverne, MN Facility

Silsbee, TX

Market Traction		Customers, Partnerships, and Agreements
+$1.5 billion	+$600 million	Other Off-
take-or-pay offtake	take-or-pay offtake	Takes
(closed)	(negotiating)
Gasoline	Global
Company A	City of Seattle
	Global
Jet Fuel	Company B

Facility

The customers and partners on this slide represent current and past customers/partners
*Operated in Partnership with South Hampton Resources, Inc.	3

KEY INFORMATION

• Cash
• • $80.6 Million (9/30/2020)
• Debt
• • 2020/2021 Notes (Whitebox): $12.7 million principal (9/30/2020); Plan to pay off Dec 31, 2020
• Common Shares Outstanding
• • ~119.6 million (10/30/2020)
• Warrants Outstanding
• • 2.7 million @ weighted avg of $0.60/share (9/30/2020)
  • 51k @ weighted avg of $164.32/share (9/30/2020)
• Management and Insider Holdings
• • 4.2% of outstanding common stock (9/30/2020)

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