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Overview

• The Vision• Pipeline & Platform• Brazil: Proof of Concept• Going Global• What’s Next

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NexSteppe Vision

Be a leading provider of scalable, reliable and sustainable feedstock

solutions for the biofuels, biopower and biobased

product industries

The Big Picture

Biobased Products &

Advanced Biofuels

Sweet Sorghum Fermentable Sugars

Biomass Sorghum Biomass

Biopower &

Cellulosic Biofuels

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Why a Dedicated Crop?

• Reliable, scalable supply

• Production cost, not volatile market price

• Reduced acreage requirement

• Better biomass quality

Collection Radius for 500K tons

4 tons/hectare

25 tons/

hectare 38 km15 km

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Why Sorghum?

• For the grower…– High-yielding– Harvest in 3-4 months– Can be rotated with other crops– Established agronomic systems

• For the processor/project developer…– Drop-in – Broad geographic adaptation – Heat and drought tolerant

• For the seed company…– Huge genetic diversity– Rapid breeding and product development cycle– Fast scale-up– Established hybrid systems– Seed propagated

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The Pipeline

>15,000 lines

screened; hundreds of

breeding populations

created

>4000 lines selected from

breeding populations

and in development

>2,500 hybrids in screening

trials

>100 hybrids in registration

18 hybrids commercialize

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Our Technology Platform

Germplasm & Breeding

Chemistry & Composition

Unique knowledge of impact of composition on downstream processing and resulting ability to develop process-optimized products

Industry leading diversity and quality of germplasm collection

Proprietary data management system linking information and providing insight to breeding program

World-class marker-assisted breeding program to enhance product improvement efficiency

Agronomy

NexSys

Focus on developing optimized crop management practices

Genetic Markers

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Energy Demand Is Increasing And Hydro Is Not Keeping Up

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NuclearBiomassFossilHydro

Biomass and fossil fuels are making up the difference

Bkwh

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Biomass Power in Brazil

•12GW installed biomass power capacity, projected to double by 2021

•170 of 389 mills now connected to the grid; plus >300 additional biomass plants

•At grid-connected mills, electricity is providing a large share of profits

•Biomass prices rising with increasing demand

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Palo Alto Biomass Sorghum

Annual biomass crop

Reaches maturity in ~120 days

High yield

Low moisture at harvest

High lignocellulosic content

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NexSteppe Works Closely With Many of the Leading Companies in the Biobased Economy

Investors Customers

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Commercial Seed Shipping to Customers

Palo Alto in Texas

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Palo Alto in Brazil

2014 Field Day

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Commercial Harvest

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Loading

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Transportation

Demand from Around the World

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What’s Next

• Continued growth in Brazil

• Increasingly global footprint

• New products in the pipeline– Continued yield increases and

optimization of composition for different end-uses

– Increasing range of maturities to maximize just-in-time harvest window in a range of geographies and cropping systems