Slide 1: Full Year and Q4 2022/23 Earnings Call
Full Year and Q4 2022/23 Claus Sauter (CEO), Olaf Tröber (CFO) Earnings Call 26.09.2023
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: Delivery 2022/23
Delivery 2022/23 • Second best EBITDA in company history • 3.4m tons of CO2 savings, of which 40% from advanced biofuels • Doubling down on our strategy -3.4m t CO2 2022/2023 -2.8m t CO2 2021/2022 3
Slide 4: Key figures in FY 2022/23
Key figures in FY 2022/23 Production in kt* and GWh EBITDA in € m Net cash in € m Equity ratio in % Biodiesel in kt Bioethanol in kt 503,3 284,1 RNG in GWh 72,5% 70,3% 1.078,1 240,3 885,0 574,0 610,5 264,1 317,6 57,4 FY 21/22 FY 22/23 FY 21/22 FY 22/23 30.06.2022 30.06.2023 30.06.2022 30.06.2023 *th
Slide 5: Overview: Recovery in Ethanol Segment Qoq
Overview: Recovery in Ethanol Segment Qoq Group EBITDA by Segment Q4 22/23 vs. Q4 21/22 in € m • Low yoy comparability due to opportunistic feedstock price hedging in 2021/22 220,0 188.4 Bioethanol • Ethanol/Biomethane segment overcompensated the negative 170,0 Biodiesel result in the biodiesel segm
Slide 6: Biodiesel: Qoq Decline Driven by Deteriorating Biodiesel Prices
Biodiesel: Qoq Decline Driven by Deteriorating Biodiesel Prices Segment Biodiesel Sales in €m EBITDA in €m 100 40,0% 400 Production in kt EBITDA margin 308,2 80 30,0% 300 266,4 60 200 20,0% 153,1 154,3 40 24,5 100 10,0% 20 7,9% -3,9% 0 0 0,0% Q3 22/23 Q4 22/23 Q3 22/23 Q4 22/23 -20 -10,3 -10,0% Oper
Slide 7: Biodiesel Market Development: Wrongly labelled Biodiesel floods European Market
Biodiesel Market Development: Wrongly labelled Biodiesel floods European Market Spreads in €/t Biodiesel and Rapeseed oil in €/t Biodiesel 800 2400 2022/23 600 Biodiesel in 2021/22 2000 2022/23 400 Rapeseedoil in 1600 200 2022/23 0 1200 -200 800 Jul Aug Sep Okt Nov Dez Jan Feb Mar Apr Mai Jun Jul Au
Slide 8: Chinese Biodiesel exports: EU launched investigation
Chinese Biodiesel exports: EU launched investigation Chinese Biodiesel exports in kt • In mid-August 2023, the EU finally launched an investigation into large scale fraud in biodiesel supply chains from South East Asia to Europe 400 350 • The entire process must be 300 completed within nine months 2
Slide 9: Bioethanol: Strong Recovery Qoq
Bioethanol: Strong Recovery Qoq Segment Bioethanol Sales in €m EBITDA in €m Bioethanol Production in kt EBITDA margin RNG Production in GWh 100,0 25,0% 400,0 284,4 80,0 20,0% 300,0 271,5 20,1% 60,0 13,1% 15,0% 180,6 36,2 200,0 40,0 10,0% 133,8 109,4 17,5 100,0 65,6 20,0 5,0% 0,0 0,0% 0,0 Q3 22/23 Q4
Slide 10: Bioethanol Market Development: Spreads recovered strongly
Bioethanol Market Development: Spreads recovered strongly Spreads in €/t Bioethanol and Wheat in €/t Bioethanol 800 1600 2022/23 600 1200 2021/22 400 800 Ethanol in 200 2022/23 400 Wheat in 0 2022/23 -200 0 Jul Aug Sep Okt Nov Dez Jan Feb Mar Apr Mai Jun Jul Aug Sep Okt Nov Dez Jan Feb Mar Apr Mai J
Slide 11: Produktionsstandort South Bend Ethanol Zörbig
Produktionsstandort South Bend Ethanol Zörbig RNG Bioethanol DDGS Dünger Biomethan Bioethanol und Futtermittel
Slide 12: Outlook: Pioneering green solutions
Outlook: Pioneering green solutions Emissionsreduktion bei Erdgasfahrzeugen 2022/2023 2023/2024E im Vergleich zu Diesel Biodiesel Capacity 660,000 t 710,000 t Capacity utilization 92,5% High Bioethanol Capacity 342,000 t 800,000 t Capacity utilization 92,9% Moderate Full capacity Biomethane Capacity
Slide 13: Update
Update • New reporting segments will be pushed further into the future 13
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