LanzaTech's Pathway to Decarbonization Pitch
Lanza Tech Projected Financial Profile
($ in millions)
One-Time Revenue¹
Recurring Revenue²
Revenue Projections
Adjusted EBITDA Projections
$ 966
$ 701
$ 338
$436
$ 183
$ 426
$ 251
$ 80
$ 53
$ 178
$ 629
$ 518
$ 65
$ 26
$ 23
$ 383
$2
$7
$24
2021E
$ 58
2022E
$155
2023E
$(44)
$(38)
$(4)
2024E
2025E
2026E
2021E3
2022E
2023E
2024E
2025E
2026E
% Growth:
NM
249 %
273 %
245 %
161 %
138%
% Margin:
NM
NM
NM
18%
36%
44 %
Invested Capital: Co-Dev & Capex Projections
PP&E
Committed Co-Dev Capital
Expected Co-Dev Capital
Adjusted EBITDA - Invested Capital Projections
$ 208
$ 403
$ 171
$82
$95
$ 38
$ 43
$3
$ 34
$ 23
$ 6
$15
$ 15
$ 54
2021E
S 20
2022E
$ 33
$22
2023E
2024E
S 20
S 20
2025E
$(50)
$ 3
$(76)
$(86)
2026E
2021 E3
2022E
2023E
$(91)
2024E
2025E
2026E
% of
% of
Rev:
24%
58%
46 %
39 %
6%
2%
EBITDA:
NM
NM
NM
NM
83%
95%
Source: Lanza Tech management
Note: Adjusted EBITDA adds back stock-based compensation and includes Lanza Tech's share of LanzaJet's Net Income.
1 Includes project start revenue, Grants & JDA revenue, dividends and Lanza Tech's share of LanzaJet's Net Income. 2 Includes recurring revenue and CarbonSmart™ revenue 3 This projected financial information is preliminary. See "Preliminary Financial
Information" above. See also "Non-GAAP Reconciliations" for a reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated in accordance with GAAP.
LanzaTech
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