#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. Use of Projections This Presentation contains projected financial information with respect to LanzaTech. Such projected financial information constitutes forward-looking information, and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties that could cause actual results to differ materially from those contained in the projected financial information. Actual results may differ materially from the results contemplated by the projected financial information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved. Neither AMCI's nor the Company's independent auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of 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 directors and executive officers may be considered participants in the solicitation of proxies with respect to the Proposed Business 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#4Agenda Welcome & Speaker Introductions Opening Remarks from AMCI ● ● ● ● ● Presentation: Part 1 o LanzaTech Company Mission & Overview o Commercial Scale Platform Synthetic Biology & Science Capabilities Virtual Facilities Tour Presentation: Part 2 Business Model Overview Closing Remarks Q&A and Wrap Up LanzaTech Omar El-Sharkawy Nimesh Patel Jennifer Holmgren Julie Zarraga Zara Summers & Michael Köpke Geoff Trukenbrod Jennifer Holmgren All 4#5Welcome & Speaker Introductions Jennifer Holmgren CEO Lanza Tech Julie Zarraga Executive VP, Engineering - Lanza Tech Geoff Trukenbrod CFO LanzaTech LanzaTech Zara Summers VP, Science - Lanza Tech Omar El-Sharkawy VP, Corporate Development- Lanza Tech Michael Köpke VP, Synthetic Biology - Lanza Tech Nimesh Patel Managing Director - AMCI Group CEO & Director - - AMCI Acquisition Corp. II 5#6Opening Remarks from AMCI AMCI is a $2 billion privately held global industrial holding company with a portfolio of businesses that has operated in the heavy industry value chain for the last 35 years. The heavy industry complex has finally recognized the need to decarbonize their operations and this is leading to a new massive capex cycle for industrial decarbonization solutions LanzaTech provides an immediate solution to help industrial emitters, such as steel mills, smelters and refiners profitably decarbonize their operations The company has numerous blue-chip commercial partners and customers, many of whom AMCI has worked with before LanzaTech has an attractive capital light, recurring revenue licensing model LanzaTech is well positioned to capture the growing global demand for sustainable chemicals from leading consumer brands and SAF from global airlines LanzaTech is led by an exceptional management team with a proven track record LanzaTech 6#7LanzaTech Captures Carbon and Transforms It Into Sustainable Products MEDIE 111¹ TERRA#8From waste MUY#9Coral F The first cosmetic plastic bottle made from industrial carbon emissions. O ... to products#10Lanza 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#114XS7 Ft Operating at Commercial- Scale Since 2018 连生命安全至上#12We Enable Commercial Production of Products People Want to Buy CarbonSmart Purified Ethanol Polyethylene The incomefic plaific boffe mode from industrial carbon emissions LanzaTech EVA Foams PET Fibers Sustainable Aviation Fuel WA #1 TOEING Inspir PET Resin Glycols & Surfactants Sunlight Coral OMO BNI 12#13Being CarbonSmart™ Monomers Polymers Materials Fuels ~2 tons of CO₂ removed per ton of CarbonSmart™ product made¹ Fragrances Solvents Chemicals Protein '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™ Er 6 $1T Addressable Market² Potential for >1 billion tons/year of product from waste feedstocks Smy TM 13#14We produce chemicals for everyday products DQ#15We produce SAF through the LanzaJet platform N#16DOD LanzaJet Turns Carbon Waste to Sustainable Aviation Fuels Industrial Off-Gas Biomass CO. CO,+H, MSW Refinery Gas Biogas Pacific Northwest NATIONAL LABORATORY LanzaTech LanzaTech Leveraging & Transitioning Existing Ethanol Supply Ethanol U.S. DEPARTMENT OF ENERGY & RENEWABLE ENERGY SUNCOR Office of ENERGY EFFICIENCY BRITISH AIRWAYS LanzaTech Water MITSUI & CO. LanzaJet Ethylene TUE Drop-In Ready - ASTM Approved Breakthrough Energy M ΑΝΑΠ Microsoft U.S. DEPARTMENT OF ENERGY Jet Diesel 16#17We Design and Engineer Commercial Scale Projects Ft 连生命安全至上#18113001 17 are DOMECEN LanzaTech's engineering platform delivers commercial-scale plants#19Global Plant Deployment - Projects in Operation, Construction, and Engineering SUNCOR ENERGY LanzaTech LanzaJet Steel and Ferroalloy Gas CO₂ MSW VATTENFALL Refinery Gas ArcelorMittal NextChem Biomass Biogas CO. CO₂ +H₂ SAF Facility इंडियन ऑयल Indian Oil SED ongo D T MAPL 回 000 000 COL 000 000 O ankur JO 000 1:0 1000 שיםםם Woodside Energy SEKISUI 19#20With Experience Comes Repeatability, Speed, and Efficiency D 520 D INLET 0 POI THE AN H TO THECH THAT STOR THIS TAMBOR BEDANK timer S NOTE HERPES FORRER IGA SA De T LIS LanzaTech date the ch ALL PER A L M IL PROLE fl satis MATT ● ● ● Knowledge Institutionalized Design package standardized & templated QA/QC program & work processes at ISO-9000 level Industry-standard engineering work products ● ● ● Leveraging Best Practices Firm scope definition and establishment of design basis Value engineering Increased LanzaTech involvement start to finish Employee training Early Alignment on Project Budget Budgeting becoming increasingly accurate and less time consuming Existing quotes and established EPC relationships provide higher accuracy 20#21Global Impact - Steel in the Ground SUNCOR ENERGY LanzaTech LanzaJet Steel and Ferroalloy Gas og MSW ArcelorMittal Refinery Gas Biomass KAY Biogas SAF Facility इंडियनऑयल Indian Oil CLIDEL 000 000 COL 000 000 O JO 000 1:0 1000 2000 SEKISUI 21#22Commercial Plants in Continuous Operation >150kmta Capacity Across Commercial Scale Facilities ● Shougang LanzaTech Caofeidian, China 1st commercial plant (2018) M LanzaTech Shougang JiYuan Ningxia, China 2nd commercial plant (2021) Ningxia Binze Ningxia, China 3rd commercial plant (2022) 22#23# FIL >240,000 tons of carbon dioxide avoided 贯彻落实党的十九 Source: LanzaTech management, production figures of 3 commercial-scale operating plants through December 2022#24Demonstration-Scale Plants Support Use of Diverse Feedstocks Sekisui 1/10th Plant SEKISUI Kuji City, Japan Gasified Municipal Solid Waste (MSW) Mechanical Completion (2022) - Commissioning Stage ● ● ● Sekisui pilot-scale plant in Japan has been producing ethanol from gasified MSW since 2017 LanzaTech Suncor Energies ● • ● SUNCOR ENERGY Edmonton, Canada Gasified Biomass 2nd Generation Bioreactor Mechanical Completion (2022) 24#25Late-Stage Construction on Other Commercial Projects ● ArcelorMittal Ghent Ghent, Belgium Steel Mill Off-Gas LanzaTech ArcelorMittal ● IndianOil Corporation Panipat, India Refinery Off-Gas इंडियन ऑयल IndianOil ● Guizhou Jinze Guizhou, China Ferroalloy Off-Gas O 25#26Major LanzaJet Construction Milestone in December 2022 LLSTATE CRANE 2013 137 LanzaTech Lanzajet Someday is now. FINSTER ROVE GROVE 26#271 Gasified Solid Waste 1/10th Commercial Scale Facility in Commissioning Gasified Biomass 1 Demonstration-Scale Plant Industrial Off-Gas 3 Commercial Plants in Operation 3. in in Late-Stage Construction CO₂ Direct Air Capture Future-Ready Platform to Utilize DAC#28LanzaTech Gay PROTECT LONG BADSTEEL R 28#29We Harness Biology#30LanzaTech is at the Cutting Edge Across Multiple Capabilities & Processes Fermentation Benchtop & Pilot Scale Gas-Fed Reactors with Integrated Analytics & Data Collection Global Leaders in Gas Fermentation Advanced AI & Modeling Fully-Integrated Predictive Metabolic & Process Models LanzaTech World's First Anaerobic Biofoundry assas ** Fully Automated Engineering & Screening of Thousands of Anaerobic Gas Fermentation Strains World-Class Synthetic Biology Platform Rapid In Vitro Prototyping Platform Predictive & Low-Cost, Cell-Free Prototyping of Enzymes & Pathway Designs Cell image credit: Justin Muir. 30#31Fermentation Transforms Chaotic Inputs into Selective Outputs SEKISUI Selectivity (%) 100% 80% 60% 20% 0% Input: Municipal Solid Waste¹ serverwen 0 -H₂:CO Ratio -Ethanol Acetate LanzaTech Time (days) 2,3-BDO Biomass wymment 10 15 2.0 1.5 1.0 H₂:CO Ratio 52 50 пишнимани 6/20/2020 7/4/2020 7/11/2020 0202/81/2 7/25/2020 $/1/2020 020c/8/8 8/25/2020 Input: Steel Mill Gas² Gasz 8/22/2020 0202/60/8 OLOZ/5/8 Inlet CO content (mol %) 9/13/2020 Daily Ethanol Production 0202/67/6 8/26/2020 10/3/2020 0//0001 10/24/20... 10/31/20 30/2020 02/12/11 070015/20 首钢朗泽 Shougang Lanze Tech 12/12/20 30/2021 2202/9/2 ¹Köpke & Simpson (2020) Curr Opin Biotechnol 65: 180-189; 2Fackler, [...] Köpke (2021) Ann Rev Chem Biomol Eng 12: 439-470 31#32LanzaTech's Fully Integrated, Multi-Scale Modelling Platform GOOD Kanway Dickoveny Model Prediction LanzaTech PDT UNA Desig Gas Ethanol Ankyme Kinetics Experimental Dat Biomass Q Metabolism 100% Utilization Al / Machine Learning ---- Mkese transfer -2012- *2010 2012 2012 CSTR 2014 Thacrobiol K₁*(1-Sat%) Hydrodynamics 0 0 80 O 00 O Techno- Economics $$$ 32#33Rapid In Vitro Prototyping Platform to Inform Cellular Design FOX 200000 ***000 Enzymes (Parts) Biochemical Pathway (Engine) Cell (Chassis) LanzaTech Mix & Match Enzymes Optimal Pathway Designs MNOOOOO MATION OF FREE Cell-Free Synthetic Biology Rapid prototyping of optimal enzyme combinations for a biochemical pathway before going into cells Predictive to cellular performance across many pathways Magnitude increased speed and lower cost Relative Score Relative In Vivo Titers Eco Garde 1.5 0.5 Example Pathway: Butanol (4 steps x 6 enzymes x 6 levels = >800,000 combinations) 0 Thi 0 VAR 201 Correlation In Vitro to Cells 0.5 Relative In Vitro Titers Cat 1 ACCUW 1.5 Ter Pathway 1 (Butanol) Pathway 2 (3-HB) Pathway 3 (Hexanol) Source: Karim, et al (2020) Nature Chemical Biology 16: 912-919, Voegeli et al (2022) Nature Communications 13:3058. Cell image credit:Justin Muir. Other images generated with Biorender.com. 33#34Lanza Tech's World-First Anaerobic Biofoundry Modular & Fully Integrated Automated Strain Screening LanzaTech Incubation Testing Poca Colony Picking Transformation Liquid Handling Automated Strain Construction 34#35Enabling Carbon-Negative Chemical Production from Industrial Gasses CO₂ CO Reprogrammed LanzaTech Biocatalyst LanzaTech Acetone Ethanol Isopropanol GHG Emissions kgCO₂/kg product 3.0 GHG Emissions kgCO₂/kg product 2.0 1.0 0.0 -1.0 -2.0 -3.0 3.0 2.0 Total Emissions Process Avoided Off-Gas 1.0 2.55 0.0 -1.0 -2.0 -3.0 自 1.85 -1.79 점 -1.17 3-hydroxypropionate Lactic acid PHB MEG Alanine Methionine 요 2-HB CH OH THE CONTENT C6-C14 Alkylmalates "OH Acetic Acid 3-HB (R,S,mix) ONE DH Ethanol C6-C14 Hydroxyacids shor Butyric acid Ketovaleric acid 2,3-BDO (RR,meso,mix) FAEE FABE Isoleucine Succinic acid Mevalonic Acid Direct Production of Over 100 Chemicals Demonstrated Burylene 2-HIBA C6-C14 Alcohols Leucine OH HO Citramalic Acid 1,3-BDO (R,S,mix) Isopropanol OH 1,3-PDO (R,S,mix) Acetone CH. 4-HB Ketoglutate OH 1,3-BDO (R,S,mix) Isoprene OH n-butanol OH Phenyl ethanol Source: Liew, et al (2022) Nature Biotechnology 40: 335-344 Cell image credit: Justin Muir. 35#36What Do You Want To Make Today? "Hardware" Existing Commercial Plants PARYAL Microbe 1.0 Ethanol LanzaTech + "Software" New Strains To Expand Product Portfolio & Efficiency INN Microbe 2.0 Isopropanol Microbe 3.0 Acetone Microbe 4.0 MEG DO DISRUPTION = 1) Rapid Reaction to Market Fluctuations 2) Feedstock # Commodity etc Same reactor ✓ Same feedstock✔ Same process Images generated with Biorender.com. 36#37Providing Solutions To Industry Leaders Across Sectors Tailored Microbes for Specific Applications Same reactor Same feedstock Same process LanzaTech Chemicals D-BASF We create chemistry Materials SUMITOMO RIKO 009 D-BASF We aliy Joint News Release . LanzaTech and BASF achieve fir LanzaTech ◆ SUMITOMO RIKO for chemical production Industrial exhaust gas used to pr White biotechnology enables car Packaging DANONE ONE PLANET. ONE HEALTH LanzaTech LanzaTech and Sumitomo Riko Partner to Create Substitute for Natural Rubber Production November 29, 2022 0900 ET1 Source: LanzaTech Inc. CHICAGO Nov 29, 2022 ( that transforms waste ca Sumitomo Riko Compan waste for the production M11 LanzaTech LanzaTech, with the support of Danone, Discovers Method to Produce Sustainable PET Bottles from Captured Carbon May 26, 2022 Proof of concept for direct production of monoethylene glycol (MEC), a key building block in sustainable PET production, co Givaudan DANONE Fragrances Givaudan AD etc Givaudan and canadech announce their collaboration Givaudan and LanzaTech announce their collaboration on developing sustainable fragrance ingredients from renewable carbon Fabrics Slululemon Images generated with Biorender.com. 37#38Case Study: Continuous Ethylene Production from CO₂#39Case Study: Ethylene via Ethanol Pathway AN Ethanol LanzaTech Ethylene je 4 " ● ● ● ● Ethylene is a key building block for PE, MEG, EVA, and surfactants LanzaTech's CarbonSmart products are made via dehydration of ethanol to ethylene Direct production reduces process cost and energy Global ethylene market¹: 200 MTA in 2021 $170B market by 2030 ¹https://www.marketresearchfuture.com/reports/ethylene-market-931; https://www.statista.com/statistics/1067372/global-ethylene-production-capacity/ 39#40MAM LanzaTech TUDT W Cs 40#41NITROGEN CARBON DIOXIDE C CAMBON MONOXIDE HYDROGEN C PROCESS Virtual Facilities Tour HOL PROCESS GAS 1 PROCESS GAS 3 PROCESS GAS? OEKO#42AID Business Model Overview NEU CO₂ MIT RECYCELTEM CO₂ Coral COLORWASCHMITTEL OPTIMAL COLOR + LIEBE DEINE FARBEN UND DIE UMWELT RECYCELBAR 70% RECYCELTES PLASTIK UND 支罐#43Business Model Integrated and Complementary Business Model Joint Development & Contract Research Leverages LanzaTech'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 43#44Transformative Partnership with Brookfield 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 Increased Volumes from Diversified Feedstocks and Geographies Increased CarbonSmart™ and SAF Availability Accelerant to Licensing Business LanzaTech Brookfield Partnership Revolutionizes LanzaTech Co-Development Strategy +$500mm Equity commitment to invest in CCT projects meeting pre- agreed milestones; LanzaTech participates in project upside Drives Revenue LanzaTech receives its one-time and recurring project-related revenue Brookfield Broad Scope Global focus enables broad deployment of CCT technology 50% Offtake LanzaTech eligible to take up to 50% of the offtake Source: LanzaTech management 44#45LanzaTech Unit Level Economics ($ in millions) Each carbon capture and transformation plant generates a combination of both one-time and recurring cash flows to LanzaTech One-Time Cash Flows: Engineering Services, Startup Services, and Equipment Sales Recurring Cash Flows: Royalties from Licensing, Microbes & Media, Monitoring & Software, and CarbonSmart™ related marketing fees $2 Expected Plant Level Revenue to LanzaTech $ 10 $6 $4 $8 $8 Year Year Year 0 Year 1 Year 2 T-2 T-1 LanzaTech $8 Year 20 10% 90 % Years 1-20 90% Recurring Revenue Expected Plant-Level EBITDA to LanzaTech $2 $1 Year Year T-2 T-1 $1 $3 Year 0 $7 One-Time Revenue / EBITDA Recurring Revenue / EBITDA $7 Year 1 Year 2 $7 Year 20 2% 98 % Years 1-20 98% Recurring EBITDA Source: LanzaTech management. Plant economics vary by region, size, feedstock, etc. The above is intended to be exemplary of the unit economics of plants that are currently being engineered or constructed 45#46Customer Unit Level Economics Plant economics vary by region, feedstock, and chosen product Economics are expected to be attractive for plant sponsor, exclusive of the benefit of carbon emission reductions Further upside to plant economics from: Feedstock costs represent up to 40% of cost structure; as cost of carbon increases, this is expected to decrease substantially Price of carbon abated is excluded Direct production of higher value chemicals Lanza Tech's 1st customer is building its 4th plant LanzaTech Production (mtpa / million gpy) Carbon Captured (mtpa) Project CapEx ($mm) Revenues Feedstock Costs OpEx Costs Total Cash Costs Expected Carbon Transformation Plant Economics Plant Level Data Cash Margin Gross Cash Margin ($mm per year) Current ($/mt) $1,115 $(250) $(375) $(625) $490 $25 50,000 / 16.7 Potential avoided cost of $10mm per annum to the plant assuming a carbon price of $100/mt Carbon Upside ($/mt) $1,115 +$100 $(375) $(275) ~100,000 $150 $840 $42 Source: LanzaTech management. Plant economics vary by region, size, feedstock, etc. The above is intended to be exemplary of the unit economics of plants that are currently being engineered or constructed The Company expects to continue to innovate around its platform technology in order to reduce operating expense and capital expenditures, but those innovations are not reflected in these estimates. 46#47Closing Remarks#48A Few Predictions 1876 1895 1943 1949 1977 1981 "That's an amazing invention, but who would ever want to use one of them?" President Rutherford B. Hayes to Alexander Graham Bell "Heavier-than-air flying machines are impossible" Lord Kelvin, President Royal Society "I think there's a world market for maybe five computers" Thomas Watson, Chairman IBM "Computer in the future may weigh no more than 1.5 tons" Popular Mechanics forecasting the relentless march of science "There is no reason anyone would want a computer in their home" Ken Olson, President, Chairman and Founder of Digital Equipment "640K ought to be enough computer memory for anyone" Bill Gates LanzaTech 48#49Predictions are simply extrapolations of the past... BER innovation expands the art of the possible' 11. ...today's 'unimaginable is tomorrow's 'conventional wisdom'#50Busted Myths About Gas Fermentation 1992 All gas fermenting acetogens make acetate as their sole product 2000 Gas fermentation of CO/H₂ is inherently mass transfer limited, preventing commercial use 2009 2016 2019 Gas fermenting acetogens are genetically inaccessible The complexity of working with anaerobic acetogens is too high for high-throughput engineering to become possible Other than acetate or ethanol it is impossible to make any other product at high selectivity through anaerobic gas fermentation LanzaTech 50#51Integration is at the core of what we do at LanzaTech#52We harness biology CONFIDENTIAL#53We produce chemicals for everyday products DQ#54We Design and Engineer Commercial Scale Projects Ft 连生命安全至上#55Our success leverages world-class acumen T finance, legal, commercial, and operations#56钢朗泽 GHOUGAN LANZATE V We are on a journey to change the way products are made F la#57Join Us on This Journey >47 Million Gallons of Ethanol Produced World Class Partners Making Commercial Products Unilever L'ORÉAL COTY ZARA DANONE ONE PLANET ONE HEALTH LanzaTech mibelle lululemon Beiersdorf 3 Commercial Plants In Continuous Operation >365 Global Employees Top Tier Talent 57#58Where does your carbon come from? D P kết TH ĐẠI 20 New York Newark, N, et JEW Chicago, IL, US (ORD) traveler Search awal Tripoliner W Show Basic Econy tales Book Search Highs M 9 9 1₂