Cielo Waste Solutions (CMC) Lytham Partners Spring 2026 Investor Conference summary

Strategic positioning and industry trends

• Positioned at the intersection of decarbonizing aviation, a global supply gap in sustainable aviation fuel (SAF), and a generational opportunity to build Canada’s domestic SAF industry.

• No dedicated SAF production facility currently exists in Canada, creating a significant market gap.

• Global SAF demand is rising, with over 16 billion liters of committed demand by 2030 and a widening supply gap due to limited feedstocks for current technologies.

• Canadian and British Columbia mandates for SAF blending will create a compliance market with no domestic supplier, positioning the company to fill this gap.

Project Nahoonai and platform model

• Project Nahoonai in Prince George, BC, is a greenfield, low-carbon SAF facility developed in partnership with the Lheidli T'enneh Nation.

• Utilizes abundant, non-food wood waste feedstock and integrated carbon capture and storage for negative carbon intensity.

• The project is structured as a majority Indigenous-owned limited partnership, providing meaningful equity and employment opportunities.

• Prince George offers strategic advantages: direct rail access, low-carbon hydro grid, abundant feedstock, and geological sequestration targets.

Technology and business model

• Operates as a technology-independent developer, sourcing proven third-party conversion technologies tailored to each site.

• The NEXUS Platform framework enables site-specific technology and feedstock optimization, strengthened by the acquisition of CDL Biofuels in April 2026.

• Projects are structured to capture stackable incentive economics, including federal and provincial credits and investment tax credits.

• Long-term offtake agreements with creditworthy counterparties in aviation, marine, and heavy transport sectors are targeted.