Gevo, Inc. (NASDAQ:GEVO) Q3 2020 Results Earnings Conference Call November 10, 2020 4:30 PM ET Company Participants Geoffrey Williams - Vice President, General Counsel and Secretary Patrick Gruber - Chief Executive Officer Lynn Smull - Chief Financial Officer Carolyn Romero - Vice President and Controller Conference Call Participants Shawn Severson - Water Tower Research Amit Dayal - H.C. Wainwright Poe Fratt - NOBLE Capital Markets Operator Welcome to Gevo Third Quarter 2020 Earnings Conference Call. My na ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission File Number 001-35073 GEVO, INC. (Exact name of registrant as specified in its charter) Delawar ...

Financial Data and Key Metrics Changes - Gevo reported revenue of $1 million in Q2 2020, down from $5.1 million in Q2 2019 [16] - Hydrocarbon revenue increased to $0.9 million in Q2 2020 from $0.1 million in Q2 2019 due to higher shipments from the demonstration plant [16] - Revenue from ethanol sales at the Luverne facility dropped to $0.1 million in Q2 2020 from $5.0 million in Q2 2019, attributed to COVID-19 impacts [17] - Cost of goods sold decreased to $2.6 million in Q2 2020 from $8.5 million in Q2 2019 [17] - Gross loss improved to $1.7 million in Q2 2020 from $3.3 million in Q2 2019 [18] - Net loss was $6.0 million in Q2 2020, compared to a loss of $7.1 million in Q2 2019 [20] - Non-GAAP adjusted net loss was $5.8 million in Q2 2020, compared to $7.2 million in Q2 2019 [20] Business Line Data and Key Metrics Changes - Hydrocarbon sales increased significantly due to higher shipments from the demonstration plant [16] - Ethanol production was terminated in March 2020, leading to a significant drop in related revenue [17] Market Data and Key Metrics Changes - The company is focusing on expanding its hydrocarbon product offerings in response to market demand for renewable fuels [10][11] - There is a growing interest in high-octane renewable gasoline, driven by the shift towards higher compression engines [25][40] Company Strategy and Development Direction - Gevo aims to transition to a project developer and technology licensor model, requiring additional plant sites to meet contract demand [11] - The company is exploring off-balance sheet financing for new plant projects, working with Citigroup to raise necessary capital [12] - Gevo is focused on commercializing hydrocarbons, particularly renewable gasoline and jet fuel, as part of its core strategy [29][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about securing new contracts and expanding production capabilities despite challenges posed by COVID-19 [10][15] - The company anticipates significant announcements regarding project financing and licensing agreements in the near future [14][15] - There is a recognition of the increasing pressure on companies to address greenhouse gas emissions, which may drive demand for Gevo's products [43][45] Other Important Information - Gevo ended Q2 2020 with approximately $6.3 million in cash and reported a cash burn rate of about $1 million per month [55] - The company received approximately $1 million in SBA loans as part of the PPP loan process, which are potentially forgivable [64] Q&A Session Summary Question: Any color on the two commercial agreements highlighted in the press release? - Management confirmed that the agreements relate to off-take and licensing agreements, emphasizing the ongoing demand for renewable fuels [24] Question: Are these agreements expected in Q3 or Q4? - Management indicated that while they expected to finalize agreements sooner, delays have occurred [27] Question: Are there plans to produce high-quality alcohols or hand sanitizers? - Management stated that such production would not align with their core strategy and would not be economically viable [29] Question: Can you expand on how isooctane renewable gasoline will be used? - Management explained that isooctane is a major component of gasoline and can be blended or used as a complete fuel replacement, fitting well with market demands for higher octane fuels [39][40] Question: What is the current status of project financing? - Management confirmed that they are targeting project financing in the $700 million range, with a mix of equity and debt [52] Question: What is the current cash burn rate? - Management indicated a cash burn rate of about $1 million per month, which could increase depending on production activities [55] Question: What is the current number of shares outstanding? - Management confirmed approximately 53.8 million shares outstanding as of the latest update [62]

Call Start: 16:30 January 1, 0000 5:01 PM ET Gevo, Inc. (NASDAQ:GEVO) Q1 2020 Earnings Conference Call May 12, 2020 04:30 PM ET Company Participants Geoffrey Williams Jr. - General Counsel Patrick Gruber - Chief Executive Officer Carolyn Romero - Vice President and Controller Lynn Smull - Chief Financial Officer Conference Call Participants Amit Dayal - H.C. Wainwright & Co., LLC Poe Fratt - Noble Capital Markets Operator Ladies and gentlemen, thank you for standing by and welcome to the Gevo Incorporated F ...

Gevo, Inc. (NASDAQ:GEVO) Q4 2019 Earnings Conference Call March 17, 2020 4:30 PM ET Company Participants Geoffrey Williams Jr. - General Counsel Patrick Gruber - Chief Executive Officer Lynn Smull - Chief Financial Officer Carolyn Romero - Vice President and Controller Conference Call Participants Amit Dayal - H.C. Wainwright Poe Fratt - NOBLE Capital Markets Operator Welcome to the Gevo Incorporated Q4 2019 Earnings Conference Call. My name is Adrian and I will be your operator for today’s call. At this ti ...

Overview ඈ gevo Patrick Gruber, CEO November, 2019 FORWARD LOOKING STATEMENTS 2 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-loo ...

Financial Data and Key Metrics Changes - Gevo reported revenue of $6.1 million in Q3 2019, down from $8.6 million in Q3 2018 [39] - Cost of goods sold was $9.9 million in Q3 2019, compared to $10.6 million in the same period in 2018 [39] - Gross loss increased to $3.8 million in Q3 2019 from $2.1 million in Q3 2018 [40] - Net loss for Q3 2019 was $8.6 million, or $0.66 per share, compared to a loss of $6.5 million, or $0.85 per share in Q3 2018 [45][47] Business Line Data and Key Metrics Changes - Research and development expenses decreased by $0.1 million in Q3 2019 compared to Q3 2018, primarily due to reduced costs associated with the South Hampton facility [41] - Selling, general and administrative expenses increased by $0.2 million in Q3 2019 compared to Q3 2018, mainly due to higher personnel and consulting costs [42] - Cash EBITDA loss was $5.8 million in Q3 2019, compared to $4.2 million in Q3 2018 [44] Market Data and Key Metrics Changes - The company is focusing on low-carbon ethanol and renewable natural gas projects to improve cash flow and reduce carbon footprint [12][15] - The renewable natural gas projects are expected to qualify for California's low-carbon fuel standard by the end of 2020 or early 2021 [15] Company Strategy and Development Direction - Gevo aims to achieve profitability or near profitability by the end of 2021 through low-carbon ethanol sales and a one million gallon per year hydrocarbon plant [12] - The company plans to expand its operations beyond low-carbon ethanol to include renewable hydrocarbons like jet fuel and gasoline [25][33] - Gevo is pursuing project financing for the expansion of its Luverne facility, with potential revenues from the build-out estimated between $100 million to $200 million [30] Management's Comments on Operating Environment and Future Outlook - Management expressed frustration with current ethanol margins but emphasized the importance of focusing on long-term growth and market development [35][36] - The company is optimistic about the potential for low-carbon ethanol and renewable hydrocarbons to drive future profitability [12][23] Other Important Information - Gevo is working on a blockchain initiative to track the sustainability of its products, which may eventually be licensed to other companies [76][80] - The company has secured agreements for anaerobic digesters at dairy farms to support its renewable natural gas projects [16][17] Q&A Session Summary Question: Hydrocarbon side of the story - Management clarified that projections for significant revenue from hydrocarbon projects are expected in 2021, not 2020 [50] Question: Timeline for securing agreements - Management indicated that they expect to finalize contracts for the hydrocarbon plant in the current quarter or early next year [59] Question: Duration of off-take agreements - Off-take agreements are typically long-term, lasting around seven years after the startup of the plant [65] Question: Impact of profitability on construction decisions - Management stated that pricing must ensure returns that cover cash costs, depreciation, and capital returns, with a minimum expected return of 15% [69] Question: Timeline for low-carbon ethanol shipping - Management expects wind towers to be operational by mid-2020, with low-carbon ethanol benefits anticipated by the end of the year [74] Question: Investment in blockchain initiative - The investment in the blockchain initiative is relatively small, aimed at tracking sustainability from farm to market, with potential for future licensing [78][80]

2Q 2019 Earnings Call ඈ gevo Pat Gruber, CEO August 14, 2019 FORWARD-LOOKING STATEMENTS 2 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 f ...

Gevo, Inc. (NASDAQ:GEVO) Q2 2019 Results Conference Call August 14, 2019 4:30 PM ET Company Participants Geoffrey Williams - General Counsel and Secretary Patrick Gruber - Chief Executive Officer Carolyn Romero - Vice President Controller and Principal Accounting Officer Conference Call Participants Amit Dayal - H.C. Wainwright Operator Welcome to the Gevo’s Second Quarter 2018 Earnings Conference Call. My name is Sheryl, and I will be your operator for today's call. At this time, all participants are in a ...

Gevo, Inc. (NASDAQ:GEVO) Q1 2019 Earnings Conference Call May 8, 2019 4:30 PM ET Company Participants Geoffrey Williams, Jr. - General Counsel and Secretary Patrick Gruber - Chief Executive Officer Bradford Towne - Chief Accounting Officer Conference Call Participants Amit Dayal - H.C. Wainwright & Co., LLC Sameer Joshi - H.C. Wainwright & Co., LLC Operator Hello, and welcome to the Gevo, Incorporated Q1 2019 Earnings Conference Call. My name is Sheryl, and I will be your operator for today's call. At this ...