Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q3 2022 Earnings Presentation
14 slides from Montauk Renewables's earnings presentation, Nov 9, 2022
Slide 1: Investor Presentation Third Quarter 2022
Investor Presentation THIRD QUARTER 2022 NOVEMBER 9, 2022
Slide 2: Disclaimers and Confidentiality: Forward-Looking Statements
Disclaimers and Confidentiality Forward-Looking Statements “Forward-looking statements” within the meaning of U.S. federal securities laws that involve substantial risks and uncertainties. All statements other than statements of historical or current fact included in this report are forward-looking
Slide 3: Disclaimers and Confidentiality: Non-GAAP Financial Measures
Disclaimers and Confidentiality Non-GAAP Financial Measures This presentation and the accompanying tables include references to EBITDA and Adjusted EBITDA which are Non-GAAP financial measures. We present EBITDA and Adjusted EBITDA because we believe the measures assist investors in analyzing our pe
Slide 4: Financial Performance: Income Statement
Financial Performance Income Statement 4
Slide 5: Operational Results – Quarter Ended September 30, 2022
Operational Results – Quarter Ended September 30, 2022 (in thousands, unless otherwise indicated) All comparisons are between the third quarter ended September 30, 2022 and the third quarter ended September 30, 2021, unless otherwise indicated. Renewable Natural Gas (“RNG”) Metrics – (73) MMBtu decr
Slide 6: Operational Performance: Operating Metrics
Operational Performance Operating Metrics 6
Slide 7: Financial Performance: Balance Sheet
Financial Performance Balance Sheet 7
Slide 8: Cash Flow
Cash Flow (in thousands, unless otherwise indicated) Operating items affecting net income include: – $7,382 accounting for stock-based compensation – $6,002 accounting for deferred income taxes – ($333) adjustments to working capital and other assets and liabilities Investing activities include: – $
Slide 9: Business Development: Pico Facility Improvement Project
Business Development Pico Facility Improvement Project Production update – CARB will after validation subject CI score pathway to public comment period – Results of public comment period expected in Q1 of 2023 – CARB approved temporary CI for Q3 and Q4 2022 – Started generating and recognizing RIN r
Slide 10: Business Development: Montauk Ag Renewables
Business Development Montauk Ag Renewables 2022 Updates – Turkey facility designated as New Renewable Energy Facility by NC Utilities Commission – Turkey facility entered into NC Utilities Commission pilot project portfolio – NC Utilities Commission placed three-year moratorium on any new New Renewa
Slide 11: 2022 Recent Developments: Apex Second RNG Facility
2022 Recent Developments Apex Second RNG Facility Announced second facility in August 2022 – Planned in connection with increased projections of biogas feedstock availability by landfill host – Expect 2,100 MMBtu per day increase in daily production representing a 40% increase in processing capacity
Slide 12: Business Development: Strategic Growth Opportunity Pipeline
Business Development Strategic Growth Opportunity Pipeline Positioned for continued growth, with on-going evaluation of various strategic opportunities: – Multiple LFG RNG sites in various stages of evaluation – Exploring wastewater treatment to RNG project opportunities – Potential costs associated
Slide 13: Appendix
Appendix MONTAUK
Slide 14: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 14