Vertex Energy : Investor Marketing Presentation

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or similar expressions, as well as information about management's view of Vertex Energy's future expectations, plans and prospects, within the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Vertex Energy, its divisions and concepts to be materially different than those expressed or implied in such statements. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, Vertex Energy's business, plans, prospects, financial condition, liquidity, cash flows, projections and results could differ materially from those expressed in any forward-looking statement. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. New risks and uncertainties arise over time, and it is not possible for us to predict the occurrence of those matters or the manner in which they may affect us. These risk factors and others are included from time to time in documents Vertex Energy files with the Securities and Exchange Commission, including, but not limited to, its Form 10-Ks,

Form 10-Qs and Form 8-Ks, available at the SEC's website atwww.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on Vertex Energy's future results. Except as required by law, Vertex Energy expressly disclaims any obligation or undertaking to update any forward-looking statements to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.

The forward-looking statements included in this presentation are made only as of the date hereof. Vertex Energy cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Vertex Energy undertakes no obligation to update these statements after the date of this presentation, except as required by law, and also undertakes no obligation to update or correct information prepared by third parties that are not paid for by Vertex Energy.

Industry Information

Information regarding market and industry statistics contained in this presentation is based on information available to us that we believe is accurate. It is generally based on publications that are not produced for investment or economic analysis.

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Business Update

Executive Summary

4Q20 performance and management outlook

Unplanned downtime at Marrero.

Marrero refinery throughputs declined 25% y/y in 4Q20 due to unplanned downtime and temporary feedstock constraintsHeartland performed well. Total throughputs increased 10% q/q and 6% y/y; operated at peak utilization in response to improved base oil refining production economics

Solid collections growth. Total direct used motor oil collections increased 9% in the fourth quarter 2020, supported by organic market share growth and improved vehicle miles traveled vs. 2Q20 trough levels

Business has bottomed. Refinery utilization and refined product margins both improved, as 4Q20 progressed

Myrtle Grove oil reclamation project.

Myrtle Grove has begun to receive distressed hydrocarbon streams that will be pretreated and reclaimed as feedstock for sale into third-party industrial markets and at the Marrero refinery

Myrtle Grove renewable diesel project.

This project is under evaluation, as we continue to consider the construction of a pre-treatment facility capable of sourcing and stabilizing non-conforming organic oils used in the production of renewable diesel fuel

Business turnaround. During the second half of 2020, we enacted a performance improvement plan that expanded our filter processing capabilities, while optimizing logistics to ensure improved fleet collection efficiencies

Heartland and Marrero Update. Both refineries are operating near peak utilization during the first quarter 2021

Refined Product Margins. As of March 2021, Group II base oil refined products margins were near record levels, while distillate margins have improved materially vs. 4Q20 levels

First Quarter 2021. Anticipate total Adjusted EBITDA in the range of ~$2.0 million to ~$2.5 million

Full-Year 2021. Anticipate positive free cash flow, net income and Adjusted EBITDA