Enviva Biomass Pellet Fuels Institute Annual General .

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Enviva BiomassPellet Fuels Institute Annual General MeetingJuly 25, 2016

WHY ENVIVA?Strong Financial Base Enviva Partners, LP completed IPO in April, 2015 (NYSE: EVA)Riverstone, 30B private equity fund, is a principal ownerJohn Hancock Life Insurance is a key joint venture partnerSustainability Independently certified and audited forest supply chainsProprietary “track and trace” system protects sensitive areas 5 million Enviva Forest Conservation FundStable Cost Position Plants located in advantageous fiber basketsOperating at scaleVertical Integration Control of export logisticsCommon equipment across facilitiesIn-house fiber procurementExperienced Management Industry-leading foundersExperienced public company professionalsCore segment expertiseQuality and Reliability Preferred supplier to major electricity generatorsProduction processes and logistics assets ensure qualityproducts are delivered to customers2

ENVIVA: STRONG FINANCIAL POSITION FOR CONTINUED GROWTH Strong financial base with 1 Billion total capital deployed to date The Enviva family of companies conducts its activities through:– Enviva Partners, LP, a publicly traded (IPO in April, 2015), growth oriented,drop-down master limited partnership (NYSE: EVA)– Enviva Development Holdings, LLC, a wholly-owned private subsidiary In addition to public shareholders:– Riverstone Holdings, a 30B energy-focused private equity fund, is aprincipal owner– John Hancock Life Insurance, one of the world’s largest timberland ownerswith more than 6 million acres, is a key joint venture partner3

ENVIVA: WORLD’S LARGEST PELLET SUPPLIER BY PRODUCTIONCAPACITY TO MAJOR POWER GENERATORSWorldwide Industrial Pellet Producers and Regional Production(Thousands of MTPY) Pellet industry characterized by fragmentedworldwide supply base, generally start-upstargeting retail end usersEnviva (U.S.)*Pinnacle Pellet (Canada)Drax Biomass (U.S.)Georgia Biomass (U.S.) Retail suppliers typically build smaller plants(average 50k to 100k MTPA) and may havelimited access to capitalFRAM Renewable Fuels (U.S.)Rentech (Canada)Pacific Bioenergy (Canada)Portucel (Navigator) (U.S.)Tanac (Brazil) Enviva distinguishes itself with an industrial,enterprise-scale approachZilkha Biomass (U.S.)Westervelt (U.S.)0 Carefully assembled team of foresters, woodproducts and industrial manufacturingexperts, logisticians and 0010,000United StatesCanadaBaltic StatesEuropeRussia and East EuropeRest of the World0Current capacity4Under construction or financed for completion by 2017Source: Hawkins Wright: The Outlook for Wood Pellets – Demand, Supply, Costs and Prices; Firstquarter 2016* Includes the Sampson plant (under construction) of Enviva Wilmington Holdings, LLC, a joint venturebetween a wholly-owned subsidiary of Enviva Holdings, LP (the “Sponsor”) and certain affiliates of JohnHancock Life Insurance Company, but does not include other production plants being developed by theSponsor or the joint venture.

ENVIVA: LARGE FACILITY FOOTPRINTEVA Production PlantsBethesda, MDSouthampton, VA – 510KAmoryPort of Chesapeake, VA – 90KNorthampton, NC – 510KAhoskie, NC – 370KSampson, NC – 515KPort of Wilmington, NC – 90KAmory, MS – 110KPlant - Enviva Partners, LPLocation: Amory, MSStartup: August 2010 (acquired)Annual Production: 110K MTPYWigginsLocation: Wiggins, MSStartup: October 2010 (acquired)Annual Production: 110K MTPYPort - Enviva Partners, LPWiggins, MS – 110KCottondale, FL – 700KPlant – EWHAhoskiePort – EWHLocation: Ahoskie, NCStartup: November 2011Annual Production: 370K MTPYEnviva HeadquartersPort of Panama City, FL – 32KPort of Mobile, AL – 45K EVA Storage and Terminaling AssetsPort of MobileLocation: Mobile, AL, Cooper Marine & Timberlands ChipCo TerminalStartup: 3rd Party AgreementStorage: Flex barge storage with 45K MT of capacityPort of ChesapeakeLocation: Chesapeake, VA, wholly owned by EnvivaStartup: November 2011Storage: Dome storage with 90K MT of capacityPort of Panama CityLocation: Panama City, FL, Port Panama CityStartup: 3rd Party AgreementStorage: Flat warehouse storage with 32K MT of capacityNorthamptonLocation: Northampton, NCStartup: April 2013Annual Production: 510K MTPYCottondaleLocation: Cottondale, FLStartup: May 2008 (acquired January 2015)Annual Production: 700K MTPYSouthamptonLocation: Southampton, VAStartup: October 2013Annual Production: 510K MTPYEWH Production PlantsEWH Storage and Terminaling AssetsPort of Wilmington (under construction)Location: Wilmington, NCStorage: Dome storage with 90K MT of capacitySampson (under construction)Location: Sampson, NCAnnual Production: 515K MTPY

ASSETS CURRENTLY UNDER CONSTRUCTIONEnviva Pellets Sampson (NC) 515K MTPY “Build and Copy” replica ofNorthampton/Southampton plantsEnviva Pellets Sampson (NC)ConstructionEnviva Port of Wilmington (NC) “Build and Copy” replica of Enviva Port ofChesapeake Port under construction, 1 million MTPYvolume expected in 2017 Capable of loading up to PanamaxEnviva Port of Wilmington (NC)Construction6

MARKET: SIGNIFICANT GROWTH PROJECTED IN INDUSTRIAL WOODPELLET MARKET DEMANDGlobal industrial wood pellet demand expected togrow to more than 29 million tons by 2020, a 17% annual growth rate1 South Korean demand expected to grow to 2.7 million tons a year in 20201 as theRenewable Portfolio Standard increases come into effect and several powergenerators consider new-build and full unit conversions to biomassThree UK facilities have passed state review or are under review for conversion to woodpellets 420 MW Lynemouth facility at 1.4 million metric tons per year from 2017-2027 Drax’s third 660 MW biomass unit anticipated to require more than 2 million tons(awaiting EU state-aid review of its CfD) MGT Teesside project expected to require nearly 1 million tons annually of importedbiomass In the Netherlands, RWE’s Amer CHP & Engie’s Maasvlakte facilities has been granted a subsidy under the SDE program, the facility could consume between 1M to 1.5M MT of wood pellet per year.Hawkins Wright: The Outlook for Wood Pellets – Demand, Supply, Costs and Prices; First quarter 2016. 2020 worldwide demand expectation assumes the Langerlo facilityconversion occurs1Source:7

MARKET: INDUSTRY ANALYSTS PROJECT GROWING DEMAND IN JAPANSignificant growth in Japanese wood pellet demand is expected to continue through2030 when demand is expected to reach 10 million tons annually1JAPAN MARKET – 10 YR FORECAST24million 1) Argus Biomass Markets- Issue 16-015; April 13, 2016. Japanese biomass industry8 participant’s view.2) Hawkins Wright: The Outlook for Wood Pellets – Demand, Supply, Costs and Prices; First quarter 2016

MARKET: KEY NORTH AMERICAN REGIONS DELIVER COSTCOMPETITIVE WOODWood pellets from the U.S. South and the Pacific Northwestcan be sourced cost-competitively by Japan CostParityPacific NW Cost Compared to US SEFiber To-Port Logistics*: 10Shipping†: - 10* Cost per ton of wood pellets produced† Spot market cost per ton of woodpellets shippedSource: Enviva proprietary market dataUS SE Cost Compared to Pacific NWFiber To-Port Logistics*: - 10Shipping†: 109

ENVIVA: INDUSTRY VIEWED FAVORABLY BY USDA“An industry that can reduce greenhousegas emissions, increase forest growth andcreate jobs sounds too good to be true.But that is the reality of the emerging woodpellet market in the Southern US.”- USDA Chief Economist Robert Johansson, 201510

Thank You

Pellet Fuels Institute Annual General Meeting July 25, 2016. Quality and Reliability . a 17% annual growth rate1 . In the Netherlands, RWE’s Amer CHP & Engie’sMaasvlakte facilities has been granted a subsidy under the SDE program, the facility could consume between 1M to 1.5M MT of wood pellet per year. .

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