Aemetis unveils five-year plan targeting $2B of revenue in 2027

Aemetis released an updated Five Year Plan that provides insights into the Company’s plans to generate $2B of Revenues, $496M of Net Income, and $682M Adjusted EBITDA in year 2027. The Five Year Plan reflects a projected Revenues compound annual growth rate of 43% and a projected Adjusted EBITDA compound annual growth rate of 77% between 2023 and 2027. A presentation describing the Five Year Plan was filed with the SEC and is posted on the Aemetis website. The Plan includes the expansion of the company by the production of negative carbon intensity Renewable Natural Gas; Sustainable Aviation Fuel; Renewable Diesel fuel; carbon sequestration of CO 2 ; and other low- and below-zero-carbon products produced from the Aemetis’ ecosystem of renewable projects. The presentation profiles the capital expenditures for the projects, as well as the positive financial impact of the Inflation Reduction Act.Under the Five Year Plan, the Company plans revenue growth in all of our product lines, including: expansion of pipeline and digester construction within our dairy RNG business; construction of the 90 million gallon per year Aemetis renewable jet/diesel plant; drilling two CO 2 Carbon Sequestration and Underground Storage characterization and injection wells installed near the California biofuels plant sites; improving energy efficiencies and electrification projects at our Keyes biofuels plant; and expected changes to India government policies that allow the India plant to operate closer to its full capacity due to a new tax on unblended diesel starting in April 2023. The provisions of the Inflation Reduction Act provide for the transfer of tax credits from incentives connected to the production of product, as well as investment tax credits and other credits. In total, these tax credits improve Net Income by a projected $341M in year 2027. The plan for the Aemetis Dairy RNG business shows revenues growing from $2M in 2023 to $302M in 2027, with Adjusted EBITDA is expected to expand from $29.2M in 2023 to $264.1M in 2027. The plan includes the delays related to the regulatory process to obtain LCFS credit pathway approvals for each dairy digester. Aemetis has been awarded $23M of grants related to dairy RNG and related gas cleanup and utility pipeline interconnection units, including a $1M grant to install an RNG dispensing station to fuel RNG trucks at the Keyes plant. The projected $302less than of dairy RNG revenues in year 2027 is sourced from the construction and operation of digesters representing 127,942 wet cow equivalents and generating 1.5M MMBtu’s at Aemetis at an estimated -400 carbon intensity RNG. The projected Aemetis Carbon Zero SAF/RD revenues of $701M with $192M of Adjusted EBITDA in 2027 is expected to be generated from the 90M gallon per year plant being developed at the 125-acre Riverbank Industrial Complex. The Riverbank SAF/RD plant is designed to utilize the Riverbank site’s access to 100% renewable hydroelectricity; a rail line with storage for 120 railcars; 710,000 square feet of buildings; and 50 acres of open land that already has received key environmental and zoning approvals. Based on the completion of carbon reduction upgrades at the Keyes plant, which is expected by 2024, expansions of the India biodiesel plant, and expansion in our market opportunities resulting from changes to governmental policies, the Company expects to generate annual revenue from ethanol and biodiesel of approximately $700M by 2027, up from approximately $340M of expected revenue in 2023, an increase of 106%. The Keyes ethanol plant upgrades include the Mitsubishi ZEBREX ceramic membrane ethanol/water separation unit and MVR utilizing electric turbo fans to reduce natural gas use powered with zero-carbon intensity solar microgrid with battery storage.