Slide 1: Q1 2023/24 Earnings Call
Q1 2023/24 Claus Sauter (CEO), Alina Köhler (IR) Earnings Call 09.11.2023
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information, which is based on assumptions and estimates of the company management of Verbio Vereinigte BioEnergie AG. Even though company management believes that these assumptions and estimates are correct, the actual future development and act
Slide 3: Key Figures in Q1 2023/24
Key Figures in Q1 2023/24 Production in kt* and GWh EBITDA in € m Net Cash in € m Equity Ratio in % Biodiesel in kt Bioethanol in kt 121,4 RNG in GWh 57,4 70,3 72,6 261,0 233,9 % % 145,1 161,3 48,8 122,7 71,4 10,1 Q1 22/23 Q1 23/24 Q1 22/23 Q1 23/24 30.06.2023 30.09.2023 30.06.2023 30.09.2023 * thou
Slide 4: Overview: Recovery in Biodiesel Segment Qoq
Overview: Recovery in Biodiesel Segment Qoq Group EBITDA by Segments Q1 23/24 vs. Q1 22/23 in € m • Low yoy comparability due to opportunistic feedstock price hedging in Q1 2022/23 121.4 130 Bioethanol • Decline in bioethanol segment yoy 28,9 Biodiesel on the back of ramp-up costs for -46.6 growth p
Slide 5: Biodiesel: Qoq Increase due to Higher Biodiesel Prices
Biodiesel: Qoq Increase due to Higher Biodiesel Prices Segment Biodiesel Sales in €m EBITDA in €m Production in kt EBITDA margin 400 100 40,0% 322,8 300 266,4 80 30,0% 60 200 161,3 44,9 20,0% 154,3 40 13,9% 100 10,0% 20 0 0 0,0% Q4 22/23 Q1 23/24 -3,9% -20 Q4 22/23 Q1 23/24 -10,0% -10,3 Record produ
Slide 6: Chinese Biodiesel Exports are Coming Down
Chinese Biodiesel Exports are Coming Down Chinese Biodiesel Exports in kt • EU investigation initiated in mid- August 300 200 100 0 2021 2022 Jan-23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sept 23 (avg.) (avg.) Source: Chinese Customs 6
Slide 7: Biodiesel Market Development: Price Recovery on the Back of Falling Biodiesel Exports from China
Biodiesel Market Development: Price Recovery on the Back of Falling Biodiesel Exports from China Market Spreads in €/t Biodiesel and Rapeseed Oil in €/t Biodiesel in 2023/24 600 1.400 2022/23 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
Slide 8: Bioethanol: EBITDA Lower due to Special Effects
Bioethanol: EBITDA Lower due to Special Effects Segment Bioethanol Sales in €m EBITDA in €m Bioethanol Production in kt EBITDA margin RNG Production in GWh 400 100 25,0% 284,4 80 20,1% 20,0% 300 233,9 60 15,0% 180,6 162,0 200 36,2 109,4 122,7 40 10,0% 100 20 3,0 5,0% 1,9% 0 0 0,0% Q4 22/23 Q1 23/24
Slide 9: Bioethanol Market Development: Spreads Recovered Strongly
Bioethanol Market Development: Spreads Recovered Strongly Market Spreads in €/t Bioethanol and Wheat in €/t Bioethanol in 2023/24 500 2023/24 1200 Bioethanol 400 2022/23 Wheat 1000 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 -
Slide 10: Quota Prices Softer, but Low Volumes
Quota Prices Softer, but Low Volumes GHG Quota Price Development from Jul 2022 to Oct 2023 in € per Tonne • GHG reduction market: Bid / Ask spreads have widened; only CO2 Reduction negligible volumes change hands at lower end of price range 500 • Parts of Verbios GHG reduction are locked in at attra
Slide 11: Outlook: Guidance Confirmed
Outlook: Guidance Confirmed Emissionsreduktion bei Erdgasfahrzeugen 2022/2023 2023/2024E im Vergleich zu Diesel Biodiesel Capacity 660,000 t 710,000 t Capacity utilisation 92,5% High Bioethanol Capacity 342,000 t 800,000 t Capacity utilisation 92,9% Moderate Full capacity Biomethane Capacity 1,300 G
Slide 12: Current Topics
Current Topics • Commissioning started at our Nevada plant: small volumes already in Q2 23/24; more significant volumes from spring onwards • Construction activities progressing • LNG/CNG gas stations: 9 operating, 5 more expected until end of Dec 23 12
Slide 13: Cellulosic RIN prices are Skyrocketing
Cellulosic RIN prices are Skyrocketing D3 RIN Price Development from Jul 2022 to Nov 2023 in USD per RIN • For cellulosic RNG (e.g. from corn stover), the targets in the US for 2023 and 2024 have been massively raised, resulting in a 4,00 70% increase in the price of D3- RIN since June. 3,00 • Volun
Slide 14: Verbio Vereinigte BioEnergie AG
Verbio Vereinigte BioEnergie AG Ritterstraße 23 T +49 341 308530-0 04109 Leipzig F +49 341 308530-999 Germany info@verbio.de www.verbio.de
Slide 15: 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 15