Green Plains, Inc. · NASDAQ:GPRE
Green Plains — BMO Capital Markets Global Farm to Market Conference 2023
20 slides from Green Plains's conference presentation, May 17, 2023
Slide 1: Investor Presentation
Investor Presentation May 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 Has Multiple Pillars for Growth
Green Plains Has Multiple Pillars for Growth Operational Areas Produces ~1Bn gallons of ethanol annually across 11 biorefineries Produces more than 2MM of equivalent dried tons in distillers grain annually Ethanol Production Processes more than 10MM tons of corn, originating more than 300MM bushels
Slide 4: Transforming Our Business in Four Strategic Areas
Transforming Our Business in Four Strategic Areas Positioned to capitalize on rapidly growing demand • Sustainable Ultra-High Protein – sustainable ingredients for high-value global markets in pet, aquaculture, dairy, swine and poultry industries • Renewable Corn Oil – responsible low carbon feedsto
Slide 5: Leading Agricultural Technology IP Portfolio Drives Conversion to the Biorefinery Model
Green Plains is Harnessing the Power of a Leading Agricultural Technology IP Portfolio That Drives Conversion to the Biorefinery Model Industry Leading Advanced Biorefinery transformed through our Platform owned ag technology Segments and Potential Capacities portfolio… Fuel Ethanol Legacy Businesse
Slide 6: MSC Technology Can Significantly Reduce Volatility While Increasing Margins
MSC™ Technology Can Significantly Reduce Volatility While Increasing Margins Biorefinery economics see significant improvement through deployment of MSC™ technology • 50% uplift in renewable corn oil yields – the most Increased Protein Upside valuable component of corn today • Ultra-High Protein (50
Slide 7: Taking Advantage of the Unique Drivers in Renewable Corn Oil
Taking Advantage of the Unique Drivers in Renewable Corn Oil Renewable Corn Oil Price 1 Potential Renewable Corn Oil Margin Increase Average CI Pathways for Biodiesel and (Cents per Pound) Per $0.10 per pound increase Renewable Diesel Feedstock 2 ($ M) 100 $40 Soybean Oil 55 75 $26 Canola Oil 54 50
Slide 8: The Moonshot – A Sugar High – Upending the Traditional Ethanol Model
The Moonshot – A Sugar High – Upending the Traditional Ethanol Model CST – the reason we bought FQT – has the ability to upend traditional ethanol economics and increase margins significantly Opportunity Overview • Green Plains owns and controls Fluid Quip’s Clean Sugar Technology (CST™), which is e
Slide 9: Clean Sugar Technology (CST) Opportunities
Clean Sugar Technology (CST) Opportunities Green Technology Acquired with Fluid Quip 3-HPA 2,5 solvents Industrial FDCA/ PEF Enzymes • Fully scalable commercial CST production facility operating at the Butanol Lactic acid Innovation Center at York • CST produces an equivalent sugar quality to that o
Slide 10: A Substantial Strategic Decarbonization Play
A Substantial Strategic Decarbonization Play The strategic location of our plants presents a menu of opportunities for carbon reduction operations Carbon Pipeline Operational Map(1) Direct Injection • Green Plains and Summit Carbon • Pursuing a standalone direct injection Solutions (SCS) entered int
Slide 11: Assumptions for 2025 Run-Rate EBITDA
Assumptions for 2025 Run-Rate EBITDA Assumptions • Assets operate at 95% of capacity $600 • Excludes fuel ethanol, specialty alcohol, ancillary businesses and corporate overhead $500 MSC Sustainable Ultra-High Protein and Turnkey Initiatives • Protein margin uplift across 7 Green Plains MSC™ facilit
Slide 12: Developing SAF Technology Using Ethanol as Feedstock
Developing SAF Technology Using Ethanol as Feedstock Green Plains, Tallgrass, and United will invest up to a combined $50 million in the joint venture – Blue Blade Energy – to develop the technology Joint Venture – Blue Blade Energy Game-changing Impact Unique Industry Expertise Transformation • Tra
Slide 13: Opportunities Under Inflation Reduction Act
Opportunities Under Inflation Reduction Act • Biodiesel tax credit – ensures continued growth of biodiesel and renewable diesel industries • Advanced biofuels credit – benefits cellulosic ethanol • 45Q – provides an $85 per ton tax credit for carbon capture and storage • Blending infrastructure – al
Slide 14: Sustainability Embedded in our DNA
Sustainability Embedded in our DNA • Medium-term target validated by SBTi to reduce Scopes 1 and 2 emissions 37.8% and Scope 3 emissions 22.5% by 2030 compared to a 2021 baseline • Alignment with the Task Force on Climate-related Financial Disclosures (TCFD) • Increased focus on natural capital, bio
Slide 15: Our Path to a Low-Carbon Future
Our Path to a Low-Carbon Future • Targeting 50% reduction in operational GHG emissions from 2018 baseline by 2030 and 100% reduction by 2050 • CCS is the single largest opportunity to reduce ~ 30 CI points • Renewable energy, biogas, co- generation, etc… ~ 20 CI points • Evaluating initiatives to re
Slide 16: Why Green Plains?
Why Green Plains? Game-changing ag-technology, diversifying product offering of higher-margin ingredients into high-growth markets • Implementing MSC™ protein technology and DCO Technology™ to create diverse, non-cyclical, high margin products • 50% uplift in corn oil yields, a low-CI feedstock for
Slide 17: Appendix
Appendix os . B= Green Plains
Slide 18: Reference Units - Operational Metrics
Reference Units - Operational Metrics Purchase / Sale GPRE 2.0 Annual Products GP 1.0 (per bushel) GP 2.0 (per bushel) GP 2.0 (per gallon) Transaction Units Production Capacity * Corn Bushels 56 pounds per bushel 56 pounds per bushel 19.3 pounds per gallon 330 million bushels Ethanol Gallons 2.9 gal
Slide 19: Value Chain Transformation
Value Chain Transformation ae Executing across @ = four strategic areas TRANSPORT PROCESSING AND BIOREFINING of growth — value- UNDER OUR ANNUALLY GREEN PLAINS 2.0 RENEWABLE TRANSFORMATION, CORN CROP WE ARE: Scope 3 upstream emissions Scope 1, Scope 2 and Biogenic added protein renewable corn oil, c
Slide 20: Thank you
= Ps Green Plains Thank you gpreinc.com
Green Plains — BMO Capital Markets Global Farm to Market Conference 2023 on 6ix