BP Biofuels a growing alternative Phil New, CEO BP Alternative Energy 9 July 2013

Forward Looking Statements This presentation contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company’s strategy for growth, product development, market position, expected expenditures and financial results are forward- looking statements. Some of the forward-looking statements may be identified by words like “expects,” “anticipates,” “plans,” “intends,” “projects,” “indicates,” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors could cause results to differ materially from those stated. These factors include, but are not limited to, changes in the laws, regulations, policies and economic conditions of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products.

Forces driving adoption of biofuels Convergence of forces will accelerate biofuels adoption energy security climate change rural development

Biofuels and the carbon cycle Sugar extracted Fermented Distilled into biofuels Blended into fuel and burned in car engines Releasing carbon dioxide Crops like sugar cane absorb CO 2 as they grow

What makes a good transport fuel? CNGEvsUnconv.OilBiofuels Safety – refuelling, and if a crash happens  Low emissions (HCs, CO 2, NO x,, SO x etc.)  Low cost, universally available  Time value - made stored for months +  Cost competitive cost vehicle technology  High energy density per volume and mass 

Biofuels: a renewable resource Conventional crude production profile (indicative) Time (years) 3020 Production (kbpd) 0 20 Min 30 year production life Sugar cane / lignocellulosic production profile

Global liquids supply and demand India Mid East China NGLs Iraq Other S&C Am Other Saudi Oil Sands Biofuels Brazil US BP Energy Outlook 2030, © BP 2013

Biofuels will meet an increasing share of the fuel market Biofuels make up around 3.5% of road transport fuel today, by energy, rising to around 6.5% by Brazil and the US are projected to be the biggest biofuels consumers. In 2030, biofuels consumption in Brazil is expected to make up around 38% and in the US around 24% of road transport fuel by volume. BP Energy Outlook 2030, © BP 2013 Biofuels consumption

BP Biofuels: a focused strategy Sugarcane ethanol Brazil Advantaged molecules biobutanol Advanced technology lignocellulosics

Biofuels done well must be… Compete with fossil without incentives in the longer-term Affordable Only mass production and mass distribution can make the difference Scalable Environmentally, socially and economically sustainable Sustainable

End to end capability to underpin our business AgronomyAgriculture at scale Conversion technology Demonstration scale Project management Technology commercialization Fuel markets 11

12 BP-supported research institute BP Biofuels technology centre, San Diego Cellulosic ethanol demonstration plant, Louisiana Vivergo Fuels world- scale wheat-to ethanol Biobutanol technology demonstration plant, Butamax Advanced Biofuels head office Itumbiara ethanol mill BP Biofuels’ investments Tropical BioEnergia ethanol mill Ituiutaba ethanol mill