Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Q2 2023 Earnings Presentation
11 slides from Green Plains's earnings presentation, Aug 4, 2023
Slide 1: Second Quarter 2023 Business Update
Second Quarter 2023 Business Update August 4, 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements that reflect management’s current views of company performance, industry conditions and future economic environment. These statements are based on assumptions and various factors that are subject to risks and uncertaint
Slide 3: Green Plains Inc.
Green Plains Inc. Green Plains
Slide 4: Second Quarter 2023 Results
Second Quarter 2023 Results Results of Operations • EPS of ($0.89) per basic and diluted share • EBITDA of ($15.0) million • Cash and cash equivalents, and restricted cash of $359.8 million and $128.0 million available under a committed credit facility Production Segment • Processed 67.3 million bus
Slide 5: Business Activity & Updates
Business Activity & Updates • Announced technology collaboration with Equilon Enterprises LLC to combine fermentation, mechanical separation and processing, and fiber conversion into one platform • Returned to full run rate capabilities across biorefinery platform in July 2023 • Key milestones to ac
Slide 6: Selected Operating Data
Selected Operating Data Green Plains Inc. (in thousands) For the three months ended June 30, 2023 2022 Ethanol production Ethanol sold (gallons) 194,753 231,413 Distillers grains sold (equivalent dried tons) 458 576 Ultra-High Protein sold (tons) 44 17 Renewable corn oil sold (pounds) 64,689 72,232
Slide 7: Consolidated Crush Margin
Consolidated Crush Margin Green Plains Inc. For the three months ended June 30, 2023 2022 2023 2022 (in millions) (per gallon produced) Ethanol production: Operating income (loss) (1) $ (36.4) $ 27.5 $ (0.19) $ 0.12 Depreciation and amortization 22.5 19.1 0.12 0.08 Total adjusted ethanol production
Slide 8: Condensed Consolidated Income Statement
Condensed Consolidated Income Statement Green Plains Inc. (in millions, except per share amounts) For the three months ended June 30, 2023 2022 Revenues $ 857.6 $ 1,012.4 Costs and expenses 900.1 978.6 Operating income (loss) $ (42.5) $ 33.8 Other income (expense) (7.1) 21.2 Income tax benefit (expe
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data Green Plains Inc. (in millions, except per share amounts) For the period ending Jun. 30, 2023 Dec. 31, 2022 Cash and cash equivalents, and restricted cash $ 359.8 $ 500.3 Working capital $ 216.2 $ 101.8 Working capital financing (1) (247.1) (137.7) Working capital, net $ (3
Slide 10: Appendix
Appendix os . B= Green Plains 10
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation Green Plains Inc. (in millions) For the three months ended June 30, 2023 2022 Net income (loss) $ (48.3) $ 52.7 Interest expense 9.7 7.8 Income tax expense (benefit) (1.0) 2.9 Depreciation and amortization (1) 24.6 21.0 EBITDA $ (15.0) $ 84.4 Other income (2) — (27.7) Proport