Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q1 2021 Earnings Presentation
13 slides from Montauk Renewables's earnings presentation, May 25, 2021
Slide 1: Investor Presentation Q1 2021
Investor Presentation Q1 2021 MAY 25, 2021
Slide 2: Disclaimers and Confidentiality
Disclaimers and Confidentiality This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in any state or jurisdiction, domestic or foreign, in which such offer, solicitation or sale would be unlawful prior to registration or qualifi
Slide 3: Disclaimers and Confidentiality: Forward-Looking Statements
Disclaimers and Confidentiality Forward-Looking Statements This presentation, as well as other written or oral communications made from time to time by the Company, may contain certain forward-looking information. All statements other than statements of historical or current fact included herein are
Slide 4: Financial Performance: Income Statement
Financial Performance Income Statement (1) See Appendix – EBITDA Reconciliation 4
Slide 5: Results of Operations
Results of Operations (in thousands, unless otherwise indicated) Renewable Natural Gas (“RNG”) Metrics – 41 MMBtu decreased production RIN Metrics – 1,040 increase in volumes sold – $1.15 increase in averaged realized price per RIN Other Metrics – 5 MWh decreased Renewable Electricity Generation (“R
Slide 6: Financial Performance: Operating Metrics
Financial 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 activities adjustments to net income – $14,368 accounting for stock-based compensation – $2,219 reduction related to interest rate swap agreements Investing activities – $2,516 2020 development capital expenditures – $2,806 2020 capital
Slide 9: Business Development: Commodity and Attribute Monetization
Business Development Commodity and Attribute Monetization New Fixed-Price RNG agreement – 4.5 Years, beginning July 1, 2021 – 900K MMBtu annually, currently under an expiring long-term floor price agreement – RNG sold through refinery exports to the EU • ISCC Certified • Further diversifies monetiza
Slide 10: Business Development: Expansion of Agricultural Waste Division
Business Development Expansion of Agricultural Waste Division Acquisition of NR3, LLC (May 2021) – Specialized, patent-pending, near-zero emissions technology – Conversion of animal and agriculture waste into environmentally friendly, 100% organic, renewable energy alternatives Late Stages of Evalua
Slide 11: Business Development: Expansion of Agricultural Waste Division
Business Development Expansion of Agricultural Waste Division – More than 60,000 pork producers annually market more than 115 million hogs, which, on average, provide total gross income of more than $20 billion USD and supports over 550,000 jobs. – Montauk plans to prioritize its collection of anima
Slide 12: Appendix
Appendix MONTAUK
Slide 13: EBITDA Reconciliation
EBITDA Reconciliation ‘The following table provides our EBITDA and Adjusted EBITDA forthe periods presented, as well as a reconciliation to net income: ‘Three Months Ended March 31, 221 2020 Net income (loss) $(14,265) $ 5816 Depreciation and amortization 5,737 5348 Interest expense 646 2214 Income