Finance Monthly Game Changer Awards 2018 Winners Edition

CONTACT Maximilianstraße 10, 68165 Mannheim Tel.: +49 (621) 71 41 90-00 Email: Internet: JOACHIM LUTZ Career: • 1984 – 1990: Authorized representative in the corporate finance sector at Deutsche Bank AG • 1991 – 1995: Manager financing at Südzucker AG in Mannheim • 1995 – 2006: Head of Finance and Investor Relations of the Südzucker Group • 2006: Prepared the initial public offering (IPO) of the CropEnergies AG • 2006 – 2015: CFO of the CropEnergies AG • Since 2015: CEO of the CropEnergies AG, Head of the following departements: Production, Business Development, Public Relations, Marketing, Investor Relations, Compliance and Human Resources Highlights and Special Achievements: • IPO of CropEnergies AG in 2006 • Takeover of the French alcohol producer Ryssen in 2008 • Takeover of the British ethanol producer Ensus in 2013 which increased the production capacity once again to currently 1.3 million m3 bioethanol. • Within a decade (2006-2015), revenues increased sixfold from € 147 to € 827 million. • Diversification into a variety of additional products mostly for the food and feed sector, such as food-quality wheat protein (Belgium) and neutral alcohol (Germany) JOACHIM LUTZ CEO OF CROPENERGIES ABOUT CROPENERGIES CropEnergies is the leading producer of fuel ethanol in Europe. Since the start of production of the first factory in 2005, the need for an alternative to fossil oil has increased dramatically with global warming becoming more apparent and the transport sector lagging far behind any progress other industries have made when it comes to reducing emissions. In the EU, the transport sector is responsible for 20 % of all greenhouse gas (GHG) emissions. In addition to CO2, it is common knowledge that NOx emitted by diesel cars and particulate matter (PM) emissions are an increasing problem for air quality in cities, too. An alternative quick roll-out of e-mobility has failed so far due to unsolved issues with battery efficiency/ weight, difficult and time consuming loading infrastructure or the still very high degree of nuclear or fossil based electricity in the grid. To address vehicle emissions, however, solutions are needed now. CropEnergies delivers renewable ethanol with high GHG savings today. While policy makers on national and EU level advocate ever increasing GHG savings there are few practical ways on how to achieve them. While there are established and proven biofuels made from local agricultural crops, some call for advanced biofuels from wastes and residues. However, there are only small industrial capacities available both from a lack of convincing technology and the sheer funding requirements. CropEnergies is convinced that the investment necessary for advanced biofuels will only be successful as an extension, not a replacement, of the existing biofuel industry. With people already trained, know-how preserved and developed and necessary infrastructure already established. Essentially, to reduce emissions from fossil fuels the world needs both: conventional, established and proven biofuels and more fuels from other renewable resources. A major factor that delays progress in alternative fuels are two misconceptions which need to be corrected: 1. European biofuels are completely different from palm oil, having no issues with land use changes, monocultures, and land grabbing. 2. New automotive power train technology such as e-mobility and lithium-ion batteries do not automatically decrease the consumption of fossil fuels. CropEnergies’ biofuel business is based on sustainability. Raw material is sourced from local agricultural surplus around the production sites. As European agriculture conforms to the highest agricultural standards worldwide such as for crop diversification, crop rotation and limited fertilizer use. The factories are biorefineries which fully utilize the raw materials to produce a variety of products. Energy in the form of ethanol is made from the starch or sugar content, strengthening domestic energy supply and reducing oil imports. The other components are processed into valuable protein food or animal feed products, effectively reducing import needs for soy. Beyond this, CropEnergies teams up with Südzucker Group R&D not only to improve the efficiency of existing factories but also to evaluate new technologies and alternative raw material potential. Having the clear vision that the quickest and most effective progress in GHG saving will be high-octane ethanol/petrol blends, CropEnergies intensively tests fuels qualities. In some of the most challenging races on the world’s hardest racetrack, the endurance races at the legendary Nordschleife at the Nürburgring, including the 24 h race, CropEnergies’ partner, the racing team Four Motors, runs a Porsche fueled by E20 – a mix of 20 % ethanol and 80 % petrol. The results prove the superior power, efficiency and climate advantage. In Brazil, this is common knowledge, as its petrol car fleet is generally compatible with E20 and even higher blends. For the EU, this information needs to be shared. What Europe needs in order to quickly reduce greenhouse gas emissions is a higher market penetration of biofuels such as E10, in all member states. Just think a minute: If all European cars with petrol engines were to run on E10, this would be equivalent to taking about 6 million cars of the road. Today. With existing technology. So what are we waiting for? mobility – sustainable. renewable. 16 www. finance-monthly .com FINANCE MONTHLY GAME CHANGER AWARDS 2018 GERMANY

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