Slide 1: 9M/Q3 2023/24 Earnings Call
9M/Q3 2023/24 Claus Sauter (CEO), Olaf Tröber (CFO) Earnings Call 14.05.2024
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information, which is based on assumptions and estimates of the company management of Verbio SE. Even though company management believes that these assumptions and estimates are correct, the actual future development and actual future results can
Slide 3: Key figures in 9M 2023/24
Key figures in 9M 2023/24 Production in kt* and GWh EBITDA in € m Net debt in € m Equity ratio in % Biodiesel in kt Bioethanol in kt RNG in GWh 793.6 800.1 213.5 70.3% 68.4% 456.2 483.1 378.5 82.1 55.0 208.2 9M 22/23 9M 23/24 9M 22/23 9M 23/24 30.06.2023 31.03.2024 30.06.2023 31.03.2024 * thousand t
Slide 4: Overview: Volatile market environment affects earnings
Overview: Volatile market environment affects earnings Group EBITDA by segments Q3 23/24 vs. Q3 22/23 in € m Bioethanol Biodiesel 60 43.2 40 -13.1 26.1 17.5 20 -22.7 7.3 29.3 24.5 11.4 0 -5.2 -5.2 Q3 22/23 Biodiesel Bioethanol Q3 23/24 Q2 23/24 -20 4
Slide 5: Biodiesel Segment
Biodiesel Segment Sales in € m EBITDA in € m Production in kt 60 EBITDA margin 10.0% 400 308.2 7.9% 8.0% 300 40 217.8 6.0% 24.5 5.2% 200 153.1 161.3 4.0% 20 100 2.0% 11.4 0 0.0% 0 Q3 22/23 Q3 23/24 Q3 22/23 Q3 23/24 • Lower sales prices for both biodiesel and GHG quota • Unrealised changes in the fa
Slide 6: Biodiesel market development
Biodiesel market development Market spreads in €/t Biodiesel and Rapeseedoil in €/t of biodiesel in 2023/24 600 2022/23 1,400 Biodiesel 2023/24 Rapeseedoil 400 1,200 200 1,000 0 800 Jul Aug Sep Okt Nov Dez Jan Feb Mar Apr Mai Jun Jul Aug Sep Okt Nov Dez Jan Feb Mar Apr Mai Jun Spread = Biodiesel pri
Slide 7: Bioethanol/Biomethane Segment
Bioethanol/Biomethane Segment Sales in € m Bioethanol Production in kt 400 RNG Production in GWh EBITDA in € m 60.0 20.0% 271.5 281.0 EBITDA margin 300 40.0 15.0% 188.1 200 13.1% 133.8 129.7 17.5 20.0 10.0% 100 65.6 0 0.0 5.0% Q3 22/23 Q3 23/24 Q3 22/23 Q3 23/24 -5.2 -20.0 0.0% • US expansion costs
Slide 8: Bioethanol market development
Bioethanol market development Market spreads in €/t Bioethanol and wheat in €/t of bioethanol in 2023/24 500 2022/23 1,200 Bioethanol 400 2023/24 Wheat 1,000 300 200 800 100 0 600 Jul Aug Sep Okt Nov Dez Jan Feb Mar Apr Mai Jun Jul Aug Sep Okt Nov Dez Jan Feb Mar Apr Mai Jun -100 Spread = Bioethanol
Slide 9: Quota prices remain under pressure; UER elimination provides upside
Quota prices remain under pressure; UER elimination provides upside GHG quota price development from Jan 2023 to Apr 2024 in €/t CO2-eq • Elimination of UER in 2024, phase- out of likely fraudulent biodiesel from China and higher GHG savings targets will support quota prices 500 400 300 200 100 0 Ja
Slide 10: UER elimination leads to largest annual increase in GHG savings market
UER elimination leads to largest annual increase in GHG savings market for biofuels and e-mobility in 2025 Increase in GHG savings market size for biofuels and e-mobility in t CO2 p.a.1 • The elimination of UER as a compliance option means that around 2.4m tonnes of CO2 8 Elimination 14.0% savings w
Slide 11: 2023/24 guidance remains unchanged; specified to the lower end
2023/24 guidance remains unchanged; specified to the lower end Emissionsreduktion bei Erdgasfahrzeugen 2022/2023 2023/2024E Q4 2023/24E im Vergleich zu Diesel Biodiesel Capacity 660,000 t 710,000 t Capacity utilisation 92,5% High → qoq and ↑ yoy Bioethanol Capacity 342,000 t 800,000 t Capacity utili
Slide 12: Verbio Nevada, Iowa (USA)
Verbio Nevada, Iowa (USA) Bioethanol RNG Fertilizer 13
Slide 13: Bitterfeld
Bitterfeld Ethenolysis Plant Phytosterol Biodiesel Glycerine
Slide 14: Appendix
Verbio Appendix
Slide 15: Further resources
Further resources CO2-Projekte: Betrugsverdacht bei Klimaschutzprojekten - ZDFheute Suspicious Chinese Frying Oil Hurting US Biofuels Business | Transport Topics (ttnews.com) Biodiesel-Skandal bleibt offenbar folgenlos | NDR.de - Fernsehen - Sendungen A-Z - Panorama 3 - meldungen
Slide 16: Verbio SE www.verbio.de
Verbio SE Ritterstraße 23 T +49 341 308530-0 04109 Leipzig F +49 341 308530-999 Germany info@verbio.de www.verbio.de
Slide 17: Point of contact
Point of contact Ulrike Kurze Alina Köhler Marketing & PR Investor Relations Ritterstraße 23 (Oelßner‘sHof) Ritterstraße 23 (Oelßner‘sHof) 04109 Leipzig 04109 Leipzig E-Mail: pr@verbio.de E-Mail: ir@verbio.de 18