LanzaTech Investor Presentation Deck

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#1LanzaTech Transforming Carbon. Making Products. Where does your carbon come from? Ⓒ2023 LanzaTech, Inc. All rights reserved.#2Disclaimer The Presentation (Together with Oral Statements Made in Connection Herewith) This presentation (together with oral statements made in connection herewith, this "Presentation") is for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. This Presentation has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between LanzaTech NZ, Inc. ("LanzaTech", or the "Company") and AMCI Acquisition Corporation II ("AMCI"), and the related transactions including a potential investment in AMCI (the "Proposed Business Combination" or "Transaction"), and for no other purpose. Neither the SEC nor any securities commission of any other U.S. or non-U.S. jurisdiction has approved or disapproved of the securities or of the Proposed Business Combination contemplated hereby or determined that this Presentation is truthful or complete. Any representation to the contrary is a criminal offense. This Presentation and information contained herein constitutes confidential information and is provided to you on the condition that you agree that you will hold it in strict confidence and not reproduce, disclose, forward or distribute it in whole or in part without the prior written consent of AMCI and the Company and is intended for the recipient hereof only. By accepting this Presentation, you acknowledge and agree that all of the information contained herein or disclosed orally in connection with this Presentation is confidential, that you will not distribute, disclose and use such information for any purpose, that you will not distribute, disclose or use such information in any way detrimental to LanzaTech or AMCI, and that you will return to LanzaTech and AMCI, delete or destroy this Presentation upon request. No representations or warranties, express or implied are given in, or in respect of, this Presentation. To the fullest extent permitted by law in no circumstances will AMCI, LanzaTech or any of their respective subsidiaries, security holders, affiliates, representatives, partners, directors, officers employees, advisers, or agents be responsible or liable for any direct, indirect, or consequential loss or loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Although all information and opinions expressed in this Presentation, including industry and market data obtained from third-party industry publications and sources as well as from research reports prepared for other purposes, were obtained from sources believed to be reliable and are included in good faith, neither AMCI nor LanzaTech has independently verified the information obtained from these sources and cannot assure you of the information's accuracy or completeness. This information is subject to change. Some data are also based on the good faith estimates of LanzaTech and AMCI, which are derived from their respective views of internal sources as well as the independent sources described above. LanzaTech's forward-looking statements related to product performance, product cost and product sales related projections are based upon but not limited to discussions and/or agreements with customers, suppliers, partners and academic research organizations as well as the Company's commercial scale systems built and operating in China. In addition, this Presentation, does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of LanzaTech or the Proposed Business Combination. Viewers of this Presentation should each make their own evaluation of LanzaTech and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. Nothing herein should be construed as legal, financial tax or other advice. You should consult your own advisers concerning any legal, financial, tax or other considerations concerning the opportunity described herein. The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs. Nothing contained herein shall be deemed a recommendation to any party to enter into any transaction or take any course of action. In connection with the Proposed Business Combination, AMCI has filed with the Securities and Exchange Commission ("SEC") a registration statement on Form S-4 (the "Registration Statement") containing a proxy statement and a prospectus of, AMCI. Shareholders and other interested persons are urged to read the definitive proxy statement/prospectus and any other relevant documents filed with the SEC because they contain important information about AMCI, LanzaTech and the Proposed Business Combination. The definitive proxy statement/prospectus and other relevant materials for the Proposed Business Combination have been mailed to stockholders of AMCI as of a record date to be established for voting on the Proposed Business Combination. Shareholders will also be able to obtain free copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, once available, without charge, at the SEC's website located at www.sec.gov, or by directing a request to AMCI Acquisition Corporation II, 600 Steamboat Road, Greenwich, CT 06830. AMCI, LanzaTech and their directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from AMCI's shareholders in respect of the Proposed Business Combination and the other matters set forth in the registration statement. Information regarding AMCI's directors and executive officers available under the heading "Management" in AMCI's final prospectus used in its initial public offering, which was filed with the SEC and is available free of charge at the SECs website at www.sec.gov, or by directing a request to AMCI Acquisition Corporation II, 600 Steamboat Road, Greenwich, CT 06830. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests by security holdings or otherwise, is contained in the proxy statement/prospectus relating to the Proposed Business Combination. Forward Looking Statements Certain statements included in this Presentation that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe", "may", "will", "estimate", "continue", "anticipate", "intend", "expect", "should", "would", "plan", "predict", "potential", "seem", "seek", "future", "outlook" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity, expectations and timing related to the rollout of LanzaTech's business and timing of deployments, customer growth and other business milestones, potential benefits of the Proposed Business Combination and PIPE investment (the "Proposed Transactions"), and expectations relating to the Proposed Transactions. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of LanzaTech's and AMCI's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of LanzaTech and AMCI. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely enter into definitive agreements with respect to the Proposed Transactions or consummate the Proposed Transactions, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Transactions or that the approval of the stockholders of AMCI or LanzaTech is not obtained; failure to realize the anticipated benefits of the Proposed Transactions; matters discovered by AMCI or LanzaTech as they complete their respective due diligence investigations of each other; risks relating to the uncertainty of the projected financial information with respect to LanzaTech; risks related to the rollout of LanzaTech's business and the timing of expected business milestones; ability to negotiate definitive contractual arrangements with potential customers; the impact of competitive technologies; ability to obtain sufficient supply of materials; the impact of Covid-19; global economic conditions; ability to meet installation schedules; the effects of competition on LanzaTech's future business; the amount of redemption requests made by AMCI's public stockholders; and those factors discussed in documents AMCI has filed or will file with the SEC, together with the risks described in this Presentation under the heading "Risk Factors." Additional risks related to LanzaTech's business include, but are not limited to: the Company has not yet deployed its technology at scale in commercial deployments; the long bidding and sales cycle in the industry; the success of the project incorporating the Company's systems, governmental regulation; environmental regulation; most of the Company's sales pipeline is not in the form of definitive agreements; the Company's ability to negotiate and enter into definitive agreements on favorable terms, if at all; construction delays; potential defects in the Company's systems; whether in the design, manufacturing or assembly or otherwise; the impact of competing technologies; intellectual property-related claims; ability to expand operations internationally: ability to attract and retain qualified personnel; ability to continue to source materials and components locally; ability of the Company's systems to provide favorable economic benefits to customers as compared to competing technologies; and the continued demand for renewable energy. LanzaTech 2#3Disclaimer The Presentation (Together with Oral Statements Made in Connection Herewith) If any of these risks materialize or AMCI's or LanzaTech's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither AMCI nor LanzaTech presently know or that AMCI and LanzaTech currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect AMCI's and LanzaTech's expectations, plans, or forecasts of future events and views as of the date of this Presentation. AMCI and LanzaTech anticipate that subsequent events and developments will cause AMCI's and LanzaTech's assessments to change. However, while AMCI and LanzaTech may elect to update these forward-looking statements at some point in the future, AMCI and LanzaTech specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing AMCI's and LanzaTech's assessments as of any date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither LanzaTech, AMCI, nor any of their respective affiliates have any obligation to update this Presentation. Trademarks This Presentation contains trademarks, service marks, trade names, and copyrights of AMCI, LanzaTech, and other companies, which are the property of their respective owners. The use or display of third parties trademarks, service marks, trade name or products in this Presentation is not intended to, and does not imply, a relationship with AMCI or LanzaTech, or an endorsement or sponsorship by or of AMCI or LanzaTech. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation may appear with the TM or SM symbols, but such references are not intended to indicate, in any way, that LanzaTech or AMCI will not assert, to the fullest extent permitted under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names. Participants in the Solicitation AMCI and LanzaTech and their respective tors and executive officers may be considered participants in the tation of proxies with respect to the Proposed Busines Combination. Information about the directors and executive officers of AMCI is set forth in the definitive proxy statement/prospectus filed with the SEC. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of AMCI stockholders in connection with the Proposed Business Combination is set forth in the registration statement (and will be included in the definitive proxy statement/prospectus). Stockholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above. Non-Solicitation This Presentation shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities, in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. LanzaTech 3#4LanzaTech Captures Carbon and Transforms it into Sustainable Products 711¹ TORONY#5From waste PLATA#6G Coral DER NEL The first cosmetic plastic bottle made from industrial carbon emissions. 000 O ... to products#7Being CarbonSmart™ Monomers Polymers Materials Fuels ~2 tons of CO₂ removed per ton of CarbonSmart™ product made¹ Fragrances Solvents Chemicals Protein ¹ LanzaTech management; 2 Per Grand View Research (2019), Allied Market Research (2018), The Business Research Company (2019), Technavio (2019), Fortune Business Insights (2019) and Knowledge Sourcing Intelligence (2020). LanzaTech In a CarbonSmartTM world, carbon waste is transformed to nearly everything we use in our daily lives LanzaTech generates profitable ROIs for partners, accelerating adoption of CarbonSmart™ Products with CarbonSmart™ E Sm $1T Addressable Market² Potential for >1 billion tons/year of product from waste feedstocks 7#8Lanza Tech's Unique Transformation Process INI ELECTROLYSIS & DIRECT AIR CAPTURE U INDUSTRIAL OFF-GAS AGRICULTURAL & MUNICIPAL WASTE THE LANZATECH PROCESS FERMENTATION FL GASIFICATION COMPRESSION CLEAN UP SEPARATION STORAGE FUELS PROTEIN Y= MATERIALS#91 Market Opportunity min $#10Proven Technology at the Nexus of Two Mandated Markets Industrial MITSUI & CO. 12 Gigatons of carbon emissions emitted ¹ इंडियनऑयल IndianOil ■ BASF LanzaTech GHG Mandated need to reduce emissions SHOUGANG SUNCOR ENERGY LanzaTech ArcelorMittal L'ORÉAL Unilever $1 Trillion Addressable Annual Market² COTY Givaudan Consumer Mandated markets and consumer demand lululemon ZARA Beiersdorf mibelle GROUP OC DANONE ONE PLANET. ONE HEALTH virgin atlantic ΑΝΑΓ ¹ Climate Watch, The World Resources Institute, Global Change Data Lab; data as of 2016. 2 Per Grand View Research (2019), Allied Market Research (2018), The Business Research Company (2019), Technavio (2019), Fortune Business Insights (2019) and Knowledge Sourcing Intelligence (2020). 10#11Sustainable Aviation Fuels Market Opportunity "SAFS are the only viable near-term option to decrease emissions in the aviation sector, as they are compatible with current aircraft engines and fueling infrastructure and can power flights with no distance limits" (McKinsey & Company)¹ Mandated Global Jet Fuel Demand (billion gallons per year) SAF Market Demand Drivers 2020 70 2 120 2025 ■ Expected SAF Mandate² 14 150 TH 61 24 2035 LanzaTech 140 2030 Expected Additional SAF Demand ³ 160 2040 Jet Fuel Demand In order to reach expected 2030 SAF demand, global SAF capacity must achieve an 87% CAGR 4 Coalition Notable Companies Represented SAF Target Companies Committed BOARD NOW coalition for sustainable flying Microsoft BCG 10% by 2030 pwc BRITISH AIRWAYS BOSTON CONSULTING SABA SUSTAINABLE AVIATION BUYERS ALLIANCE BOEING Select SAF Corporate Commitments DHL 30% by 2030 FedEx® Eco Skies Alliance SIEMENS 30% by 2035 ups DELTA jetBlue ¹ McKinsey & Company, Critical insights on the path to a net-zero aviation sector. 2 2020 and 2025 numbers from the International Air Transport Association. 2030, 2035 and 2040 numbers are assumed as 10%, 20% and 30% of global jet fuel demand, respectively. 3 World Economic Forum, Clean Skies for Tomorrow 2030 Ambition Statement 4 World Economic Forum, Clean Skies for Tomorrow Insight Report 11#12LanzaTech Provides a Profitable Pathway to Solving Heavy Industries' Carbon Problem Addressing industrial carbon emissions while preserving trillions of dollars of existing infrastructure ~25% global greenhouse gas emissions are from heavy industries¹ Among CCT solutions, LanzaTech is ready now and cost effective LanzaTech LanzaTech Purchase Offsets Pay Penalties Sequester Future Technologies Profitable to CO₂ Emitter ✓✓✓ X X X ? Ability to Use Existing Infrastructure ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ? Carbon Captured / Avoided ✓✓✓ X X ✓ ✓✓✓. Commercially Available ver ✓✓✓. ✓✓✓ X Source: LanzaTech management, 'Climate Watch, The World Resource Institute, Global Change Data Lab; data as of 2016 12#13Global Fortune 500 Partners Deploying LanzaTech's Technology ArcelorMittal Key Partners ~$850mm invested by world class partners into plants deploying Lanza Tech's technology, resulting in expected product capacity of ~700,000 mtpa (230 million gallons/year) LT 1.3 Construction on 1st project n Belgium near complete; Plans for deployment of LanzaTech technology globally SEKISUI LT Building LanzaTech's first commercial MSW conversion facility, currently in plant startup commissioning; plans for deployment across Japan LanzaTech Shougang LanzaTech 3 commercially operating plants; Additional plants under construction SUNCOR ENERGY LT Active technology and project development partner LT LanzaTech Investor LanzaJet Investor MITSUI & CO. LT Commercial project investor, including in SGLT plants, and offtaker इंडियनऑयल IndianOil 1.3 LT Building first refinery off-gas plant; plans for broad deployment Commercial Plant Partner - BASF LT Strategic partner for new LanzaTech chemicals 7.4), FAC LT 43 Partner for chemicals commercialization and deployment Source: Lanza Tech management 13#14LanzaTech's Network of Trusted Investors and Partners Range from Industrial Emitters to Aviation Companies and Consumer Brands Over $500M Raised from World Class Investors khosla ventures ArcelorMittal Pinakin Chaubal, ArcelorMittal Chief Technology Officer इंडियन ऑयल Indian Oil Dr. Detlef Kratz, BASF President R&D at BASF LanzaTech BASF NZSUPERFUND Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa "We have worked with LanzaTech for several years, know their leadership team well and understand the potential of their technology and the role it can play in not only helping us to decarbonize, but also in producing valuable products from our carbon bearing gases which can help the decarbonization of other sectors. Extending our relationship through this investment was therefore a natural next step and we are very pleased to now have an excellent CCU technology company within our XCarb™ innovation fund portfolio." * CITIC CAPITAL 中信資本 ArcelorMittal "The integration of LanzaTech's gas fermentation technology into BASF's Verbund enables us to take an important step towards a carbon-neutral circular economy." K1W1 K One W One Ltd. -BASF MITSUI & CO. SUNCOR ENERGY novo holdings Investors in life science PETRONAS 中国石化 TODEC Brookfield QIMING VENTURE PARTNERS "The LanzaTech process is important because this fuel takes waste, carbon-rich gases from industrial factories and gives them a second life - so that new fossil fuels don't have to be taken out of the ground. This flight is a huge step forward in making this new technology a mainstream reality." virgin atlantic Sir Richard Branson, Virgin Atlantic Founder of Virgin Group, following the first commercial flight using SAF from steel mill emissions "We are capturing emissions before they pollute our atmosphere and are at the same time moving away from fossil-based materials." Caspar Coppetti, On Co-Founder and Executive Co-Chairman ос 8 Source: Bloomberg, company filings 14#152 Company and Technology Overview # Mis TE 贯彻落实党的十九:#16LanzaTech Leadership Jennifer Holmgren CEO & Director Geoff Trukenbrod CFO Joseph Blasko General Counsel Steven Stanley Chief Commercial Officer Julie Zarraga EVP, Engineering Carl Wolf Chief Operating Officer LanzaTech Who We Are Freya Burton Chief Sustainability Officer Zara Summers VP, Science Michael Koepke VP, Synthetic Biology Johanna Haggstrom VP, Chemicals & Hydrocarbon Tech Rob Conrado VP, Engineering Design and Development Jimmy Samartzis CEO, LanzaJet Our DNA Process Integration & Commercialization Refining, Aviation & Biotech 150+ years Management Experience 16#17Poised for Growth: 17 Years of Intellectual Property Development and Technology Commercialization Proven, scalable, profitable Multiple pilot, demo, and commercial deployments World class biology Synbio and Al expertise ZAR virgin atlantic ♫ LanzaTech 3% mibelle Unilever 8 DANONE COTY ONE PLANET. ONE HEALTH M Givaudan e MIGROS SHOUGANG Foundation Built: Fully Commercialized Intellectual property moat +1,250 issued patents, global reach L'ORÉAL Beiersdorf TotalEnergies BOEING Market is Ready for LanzaTech LanzaTech recognized as carbon capture and transformation leader ArcelorMittal Demonstrated market and regulatory need for decarbonization solutions Market and partners CarbonSmartTM products and SAF supply with top brands इंडियन ऑयल IndianOil Innovate and Capitalize on Market Inflection SEKISUI S LanzaJet Source: LanzaTech management 17#18Broad Technology Platform with Patent Protection Forms Competitive Moat 100 Potential Chemicals Identified Jum B Upstream Patents Feedstocks and characterization Gasification integration with fermentation Electrolysis for use of CO₂ in LT process Gas Conditioning LanzaTech (3) TTTT مههه M Core Synthetic Biology & Fermentation Patents Chassis Strains Expression Strategies Enzyme Pathways Genetic Tools 649 Equipment Design Process Controls Biological Products Integrations 4 Downstream Product Portfolio Patents Product Recovery Catalytic Products Secondary Fermentations Nutrition Applications LanzaTech has over 1,250 patents granted worldwide with over 575 pending ная он 3-hydroxypropionate Lactic acid PHB Alanine HO OH MEG Methionine 2-HB H OH $$$ C6-C14 Alkylmalates Acetic Acid CH 3-HB (R,S,mix) OH QH Ethanol Butyric acid Ketovaleric acid 2,3-BDO (RR,meso,mix) FAEE FABE C6-C14 Hydroxyacids 2-HIBA Mevalonic Acid Isoleucine Succinic acid Butylene H Leucine HO Citramalic Acid C6-C14 Alcohols OH 1,3-BDO (R,S,mix) Isopropanol HO OH 1,3-PDO (R,S,mix) Acetone CH O OH 4-HB Ketoglutate OH MOH 1,3-BDO (R,S,mix) Isoprene OH n-butanol OHI Phenyl ethanol 18#19LanzaTech Offers Carbon Negative Products Today With Inevitable Improvement Over Time 89 Sustainable Aviation Fuel With LanzaJet Process Monoethylene glycol (MEG) As a chemical intermediate III g CO₂e/MJ kg CO₂e/kg product Fossil LanzaTech Equivalent¹ with biogas feedstock 2.1 14 Fossil Equivalent² LanzaTech from offgas -0.2 LanzaTech with renewable energy -10 LanzaTech with renewable energy -0.8 Renewable Energy Further reduces carbon intensity of LanzaTech process and products Carbon Negative Feedstocks Enable increasingly negative product carbon intensity Net Zero Economy Enabled by Lanza Tech products 1 ICAO Sustainable Aviation Fuels Guide, Version 2, December 2018, Page 6; 2 The ecoinvent database, version 3#20LanzaJet: The Leading SAF Platform d Pacific Northwest NATIONAL LABORATORY LanzaJet Overview SAF from Carbon Emissions Patented Process and ASTM Approved U.S. DEPARTMENT OF ENERGY & RENEWABLE ENERGY BIOENERGY TECHNOLOGIES OFFICE Office of ENERGY EFFICIENCY LanzaTech كثر Complementary Technology to LanzaTech LanzaTech Ownership 25%, Path to Majority through IP Contribution Key Investors BRITISH AIRWAYS ◇ MITSUI & CO. SUNCOR ENERGY 20#21DOD Carbon Emissions to Sustainable Aviation Fuels Industrial Gas Biomass CO₂ CO,+H2 Abundant, Waste-based MSW Feedstock Refinery Gas Biogas LanzaTech + Low Cost Process LanzaTech Ethanol Competitive Waste-to-SAF Solution With opportunity to utilize existing ethanol supply today LanzaJet LILE Ethylene Water Jet Diesel Source: LanzaTech management 21#22Direct Conversion of CO₂ Net Zero Aviation requires closing the emissions cycle Direct conversion of CO₂ to SAF is possible today LanzaTech CO₂ LanzaTech LanzaJet H 2 Coupling direct CO₂ conversion with Direct Air Capture fully closes the aviation fuel cycle 22#23SAF Competitive Landscape SAF Key Competitors NESTE VELOCYS Fulcrum BIOENERGY gevo® LanzaTech + LanzaJet Significant competitive advantages from joint process Lowest Cost Process¹ Direct CO₂ Feedstock Use High Potential Jet Yield (90%)² Abundant Low- cost Feedstocks Non-food Based Multiple Global Plants in Development ¹ As compared to Gasification + Fischer-Tropsch and hydro-processed esters and fatty acids (HEFA) 2 Source: LanzaTech Management#24Synthetic Biology: LanzaTech's Toolkit to Redefine the Chemicals Industry Al and Modeling Strain Construction 0 Automation TOOL KIT HH LanzaTech is the first to unlock anaerobic microbes as chassis organisms and has a complete toolkit in house to engineer new products LanzaTech 24#25Leading Synbio Company Transforming Waste to Products LanzaTech's Differentiated Platform Allows it to Use Multiple Non-Food Feedstocks LanzaTech novozymes amyris GINKGO BIOWORKS™ THE ORGANISM COMPANY Steel and Ferroalloy Gas MSW Refinery Gas Product Identification LanzaTech CO₂ Biomass CO₂ Biogas Sugar Microbe Design Commercial Operations Feedstock Capability MY MY CO₂ 1 2 3 4 Why LanzaTech Differentiated End-to-End Capability Enables Expansion to Sustainable Materials Using Already-Sourced Carbon Compatible With Installed Commercial Gas Fermentation Infrastructure Successful, At-Scale Piloting of First Key Molecules Complete with Hundreds Under Development Source: LanzaTech management, Capital IQ, Bloomberg; ¹Via their ownership/relationship with Genomatica. 25#26Providing SynBio Solutions To Industry Leaders Across Different Sectors Microbes Tailored for Specific Applications î Same reactor Same feedstock Same process LanzaTech Chemicals □-BASF We create chemistry 009 Materials SUMITOMO RIKO 00 Joint News Release -BASF We create chemistry . Packaging DANONE ONE PLANET. ONE HEALTH LanzaTech and BASF achieve first milestone in utilizing industrial off-gases for chemical production LanzaTech Industrial e: White blote SUMITOMO RIKO November 29, 2022 09:00 ET) Source L LanzaTech and Sumitomo Riko Partner to Create Substitute for Natural Rubber Production CHICAGO, Nov. 29, 2022 (GLOBE NEWS that transforms waste carbon into mat Sumitomo Riko Company Limited, tor waste for the production of a key chem 20 "} AD Fragrances Givaudan LanzaTech May 11, 2021 LanzaTech LanzaTech, with the support of Danone, Discovers Method to Produce Sustainable PET Bottles from Captured Carbon AD Fabrics lululemon Proof of concept for direct production of monoethylene glycol (MEG), a key building block in sustainable PET production, co Givaudan May 26, 2022 07:50 DANONE ONE PLANET. ONE MEALTH Home-Givaudan and LanzaTech announce their collaboration Givaudan and LanzaTech announce their collaboration on developing sustainable fragrance ingredients from renewable carbon 26#27LanzaTech SynBio Platform at the Cutting Edge Across Multiple Capabilities & Processes World's First Anaerobic Biofoundry Fully Automated Engineering & Screening of Thousands of Anaerobic Gas Fermentation Strains Rapid In Vitro Prototyping Platform Predictive & Low-Cost, Cell-Free Prototyping of Enzymes & Pathway Designs LanzaTech R assig ARREDA 22 JGI JBEI EBRC thwestern 13470 SynBio SC Nottingham 10 SYNTHETIC BIOLOGY A AIBN Advanced AI & Modeling Fully-Integrated Predictive Metabolic & Process Models World-Class Partnerships Partnerships with Leading Synthetic Biology Institutions Across Globe 27#283 Growth Opportunity#29LanzaTech CCT Plant Deployment Status 3 Commercial Plants Operating, 6 Plants Scheduled to Complete Construction or Commissioning in 2023, and 8 Additional Plants in Engineering Operating 厢 ha ha ha 厢厢 Feedstocks Represented Steel and Ferroalloy Gas MSW Partner Investment ~$850 million Construction hhhhhaha 厢厢 Refinery Biomass Gas Biogas CO₂ + H₂ 厢 Engineering GGGGGG 厢厢 Estimated Total Installed Capacity¹ ~700,000 mtpa (230 million gpy) Regions Represented North Americal Europe Asia Oceania Anticipated Carbon Captured Annually¹ ~1,000,000 tonnes Source: LanzaTech management. ¹ Represents capacity and carbon captured by all plants above. 29#30Global Impact SUNCOR ENERGY LanzaTech LanzaJet Steel and Ferroalloy Gas CO₂ MSW VATTENFALL Refinery Gas ArcelorMittal MT Biomass NextChem Biogas CO. CO₂ +H₂ SAF Facility इंडियन ऑयल Indian Oil SED onGc a del 000 1 302 dieet MRPL 000 CIDA O ankur 000 000 3 JO 000 1:0 300 2000 Woodside Energy SEKISUI 30#31Brookfield Partnership to Drive CCT Scale-Up and Catalyze Project Deployment within LanzaTech Co-Development Strategy Brookfield Framework Agreement unlocks sophisticated infrastructure capital to invest in projects and further validates the LanzaTech technology platform Capital-light solution providing much-needed supply for the massive, immediate, and rapidly growing demand from CarbonSmartTM and SAF customers 1,500k MT (~500 million gallons) Potential supply for SAF and CarbonSmartTM materials from these projects¹ 5,000k MT (~1.8 billion gallons) Massive Demand Opportunity from LanzaJet alone by 2030 Increased Volumes from Diversified Feedstocks and Geographies Increased CarbonSmart™ and SAF Availability Accelerant to Licensing Business In select identified opportunities, LanzaTech plans to deploy capital directly into projects (~$85mm total, representing ~5% of total capital required for those projects) LanzaTech Brookfield Partnership Revolutionizes LanzaTech Co-Development Strategy +$500mm Equity commitment to invest in CCT projects meeting pre- agreed milestones; LanzaTech participates in project upside Drives Revenue LanzaTech receives its one-time and recurring project-related revenue Brookfield Broad Scope Global focus enables broad deployment of CCT technology 50% Offtake LanzaTech eligible to take up to 50% of the offtake Source: LanzaTech management, ¹ Named and unnamed project opportunities across projects developed with Brookfield and sponsored projects 31#32Business Model Integrated and Complementary Business Model Joint Development & Contract Research Leverages Lanza Tech's synthetic biology, Al, and machine learning expertise to develop new products ■ Expands addressable product markets and drives demand for CCT facilities Facilitates LanzaTech's continued investment in disruptive synthetic biology platform LanzaTech Joint Development & Contract Research LT CarbonSmart™ Marketing Licensing of CCT Technology Licensing of CCT Technology ■ Combination of one-time and recurring revenues to deploy LanzaTech carbon capture and transformation (CCT) plants One-time revenues - equipment, engineering and startup services ■ Recurring revenues - royalties, microbes and media sales, and software licensing CarbonSmart™ Marketing Offtake from CCT plants to supply brands with sustainable products Upgrade products with conversion partners into a huge variety of drop in polymers, materials, and fuels Source: LanzaTech management 32#33Key Operational Highlights Clear track record of successfully deploying patented carbon capture and transformation (CCT) technology driving revenue growth in a massive global TAM supported by macro tailwinds CCT market leader built on the foundation of a world class synthetic biology platform delivering value at each stage of technology deployment, and providing recurring revenues Capital-light, licensing model with potential to generate attractive returns Profitable plant-level economics expected to drive technology deployment and accelerate growth Attractive entry valuation enabling opportunity to invest in a first of a kind CarbonTech company with a goal to decarbonize heavy industry, aviation, and consumer supply chains E AVAVAVAVAVAVA 33#34Dit CH New York Newark, NJ, US > (EWR) Chicago, IL, US IORDI Thu Oct 28 Naruf 1 traveler MEGendly Search awar Trip planner W Show Basic Economy fates Search fights MA 2 ● 9 9 ** TJ 34#35LanzaTech

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