ETHANOL:

A 21st Century FuelFor a 21st CenturyConsumer

SIRE

Strong Relationship Between Ethanol Growth and Corn Prices

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1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Avg Corn Price

Global Wheat, Corn & Soybeans —Surplus

Ethanol has potential to absorb higher productionBiofuel is growth market for cornE15 near term growth driver

• 6-7 billion gallons of new ethanol demand

• More than 2 billion bushels of new corn demand

E15 sets up E30 market

At Home

70 71 105

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1147

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2013 2014 2015 2016 2017 2018

SITESE15 RETAIL ADOPTIONDoubled the size of the E15 market for fourth year in a rowWorking with 12 of the 20 largest retailers

More than 1,300 sites

29 statesThe sites sell more than 4 billion gallons of gasolineAverage site sells 2.4 million gallons of gasoline vs. industry average of 1 million annually

2816

3239 3247 3317

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4409

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2012 2013 2014 2015 2016 2017

SITESE85 ADOPTIONGROWING BLENDS

E85 sites growing too thanks to Prime the Pump

• New retailer chains selling E85

• More E85 sold per site due to more dispensers

Infrastructure is ready for when Mid Level Blends are available

Outside of the U.S.A.

Background • INFORMAL PARTNERSHIP:

• Growth Energy, USGC, RFA, USDA/FAS

• Exports recognized as best source of new demand for ethanol and grain

2014: Established Ethanol Export Steering Committee

2017 EXPORTS: 1.37 BILLION GALLONS

BRAZIL (32.6%)

PERU (4.0%)

MEXICO (2.2%)

CANADA (24.0%)

UAE (1.9%)

CHINA (1.8%)

INDIA (12.6%)

SOUTH KOREA (3.8%)

PHILIPPINES (5.2%)

NIGERIA (2.1%)

Source: EIA

Ethanol Exports by Major Market

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2011 2012 2013 2014 2015 2016 2017

Rest of WorldSecondary Markets *MexicoJapanIndiaChinaCanadaBrazil

Million gallons

* Colombia, E.U., Peru, Philippines, S. Korea, Vietnam