Ferrellgas Partners, L.p. · OTC:FGPR
Ferrellgas Partners, L.p — Debt Investor Presentation (October 2025)
27 slides from Ferrellgas Partners, L.p's debt investor presentation, Oct 15, 2025
Slide 1: Ferrellgas Investor Presentation
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. FERRELLGAS INVESTOR PRESENTATION October 15, 2025 Exhibit 99.1
Slide 2: Disclaimer
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. DISCLAIMER This presentation was prepared by or on behalf of Ferrellgas Partners, L.P., Ferrellgas, L.P., Ferrellgas Partners Finance Corp., Ferrellgas Finance Corp., Ferr
Slide 3: Company Overview
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. COMPANY OVERVIEW 3
Slide 4: Ferrellgas at a Glance
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. Ferrellgas is a leading tech-enabled logistics and distribution company providing residential and commercial propane to the U.S. via subscription & retail delivery Key Sta
Slide 5: Experienced Leadership
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. EXPERIENCED LEADERSHIP Our workforce fuels our progress U.S. Median Tenure1 Ferrellgas Average Tenure Ferrellgas Senior Leadership Average Tenure Diversity & Inclusion Emp
Slide 6: Ferrellgas: A Platform of Scale
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. Platform of scale in a highly fragmented industry; built upon a strong customer base and industry leading operational capabilities & management FERRELLGAS: A PLATFORM OF S
Slide 7: Propane industry fundamentals
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. Ferrellgas ~8% Independent Dealers ~70% Inelastic required consumable product for home heating, cooking and various indoor / outdoor applications; propane is a basic neces
Slide 8: Uses for Propane Continue to Grow
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. Illustrative Residential Use Cases USES FOR PROPANE CONTINUE TO GROW 6.6M U.S. Households Use Propane as Their Primary Heat Source ~60% of U.S. Households Own a Gas Grill
Slide 9: Propane Is Mission Critical
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. PROPANE IS MISSION CRITICAL Strong correlation between major yearly U.S. blackouts (affecting more than 50,000 customers) against the percentage of U.S. electricity genera
Slide 10: Strong Relationships with Leading Suppliers
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. Over 750M GALLONS procured Average 20+ YEAR relationship with top suppliers Baa3 Average Credit Rating or higher for top suppliers $16M+ in total product LCs from 16 suppl
Slide 11: Diverse, Blue-Chip Customer Base
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. DIVERSE, BLUE-CHIP CUSTOMER BASE • Current customer base of ~613,000 retail clients including: ◦ ~531,000 residential clients ◦ ~76,000 industrial / commercial clients ◦ ~
Slide 12: Investment highlights
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. 1 A leading national footprint with extensive logistics capabilities and geographic diversity • Ability to serve customers in all 50 states, District of Columbia and Puert
Slide 13: Operational Highlights & Initiatives
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. OPERATIONAL HIGHLIGHTS & INITIATIVES 13
Slide 14: Diversified Business Mix
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. DIVERSIFIED BUSINESS MIX Balanced business model provides geographic, end market and channel diversity • Last mile distribution to residential customers for home heating,
Slide 15: Strategy Insulates Business Volatility
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. STRATEGY INSULATES BUSINESS VOLATILITY • 70% of customers purchase propane at spot price + margin, resulting in a pure pass-through of commodity prices with no direct comm
Slide 16: Technology: vending, mobile, telematics
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. Vending: Blue Rhino self-service vending units enable consumers to exchange or purchase new propane tanks 24/7. This direct to consumer vending technology affords the cons
Slide 17: Strong Logistics Network and Real Estate Portfolio
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. Strong Logistics Network Vast, Strategically-Positioned Real Estate Portfolio 2,000 ACRES OF OWNED REAL ESTATE • National footprint and strategic locations that are positi
Slide 18: Strategic Initiatives Fueling a Strong Plan
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. STRATEGIC INITIATIVES FUELING A STRONG PLAN 18 Current EBITDA Customer and Gallon Growth (Customer Mix. Acquisitions) Delivery Efficiency (Telematics) Fleet Mgmt & Utiliza
Slide 19: Financial Update
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. FINANCIAL UPDATE 19
Slide 20: Fiscal Year Results Summary
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. 1 Adjusted EBITDA is a non-GAAP financial measure. See appendix for reconciliation. (in thousands except customer data) FY 2024 FY 2025 Increase / (Decrease) Gallons 763,7
Slide 21: Consistent Track Record of Delivering Results
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. CONSISTENT TRACK RECORD OF DELIVERING RESULTS $812 $860 $928 $1,007 $983 $1,023 2020 2021 2022 2023 2024 2025 ($ in millions) Consistent Gross Profit Growth 4.7% CAGR 21
Slide 22: Consistent Track Record of Delivering Results (Cont'd)
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. 1 Adjusted EBITDA is a non-GAAP financial measure. See appendix for reconciliation. $194 $259 $245 $271 $246 $251 73% 81% 72% 75% 78% -25% 25% 75% 125% 175% $- $50 $100 $1
Slide 23: Financial Policy
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. FINANCIAL POLICY 23 • Maintain strong credit profile to ensure operational and financial flexibility across cycles - Improved liquidity profile at close pro forma for the
Slide 24: Questions?
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. QUESTIONS? 24
Slide 25: Appendix
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. APPENDIX 25
Slide 26: Evolution of Ferrellgas
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. EVOLUTION OF FERRELLGAS Note: Fiscal year-end is July 31st; 1 Adjusted EBITDA is a non-GAAP financial measure. See appendix for reconciliation. 26 Note: Fiscal year-end is
Slide 27: Non-GAAP Reconciliation
These materials are not to be printed, downloaded or distributed. These materials are only available to QIBs and non-US persons. NON-GAAP RECONCILIATION 27 Dollar amounts in ($mm) FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 Net (loss) earnings $ (15) $ 110 $ 137 $ 148 $ (68) Income tax expense 1 1 1 1
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